Leases (Tables)
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3 Months Ended |
Aug. 31, 2026 |
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| Leases [Abstract] |
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| Schedule of Components of Lease Expense and Supplemental Information |
Components of lease expense were as follows (in thousands): | | | | | | | | | | | | | | | Three Months Ended | | | | August 31, 2026 | | August 31, 2025 | | | | Operating lease cost: | | | | | | Operating lease expense(1) | $ | 6,157 | | $ | 6,078 | | | | Short-term lease expense | — | | — | | | | Total operating lease cost | 6,157 | | 6,078 | | | | Finance lease expense: | | | | | | Amortization of right-of-use assets(1) | 12,633 | | 14,375 | | | | Interest on lease liabilities | 1,327 | | 3,233 | | | | Total finance lease cost | 13,960 | | 17,608 | | | | | | | | | | | | | | | | Total net lease cost | $ | 20,117 | | $ | 23,686 | | |
(1)Amortization of right-of-use assets is included within cost of revenues and selling, general and administrative expense in the Company's condensed consolidated statements of operations. Supplemental information related to leases is as follows: | | | | | | | | | | | | | Three Months Ended | | August 31, 2026 | | August 31, 2025 | | Weighted-average years remaining (in years): | | | | | Finance leases | 2.0 | | 1.1 | | Operating leases | 2.3 | | 3.8 | | | | | | Weighted-average discount rate: | | | | | Finance leases | 9.9 | % | | 9.9 | % | | Operating leases | 7.7 | % | | 7.6 | % |
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| Schedule of Future Minimum Operating Lease Payments |
The following table represents the Company’s future minimum lease payments as of August 31, 2026 (in thousands): | | | | | | | | | | | | | | | | | | | Operating Leases | | Finance Leases | | Total | | FY 2027 | $ | 16,666 | | | $ | 37,363 | | $ | 54,029 | | | FY 2028 | 22,737 | | | 10,967 | | 33,704 | | | FY 2029 | 17,152 | | | — | | 17,152 | | | FY 2030 | 3,536 | | | — | | 3,536 | | | FY 2031 | — | | | — | | — | | | Thereafter | — | | | — | | | — | | | Total lease payments | 60,091 | | | 48,330 | | 108,421 | | | Less: imputed interest | (5,659) | | | (2,395) | | (8,054) | | | Total lease liabilities | 54,432 | | | 45,935 | | 100,367 | | | Less: Current portion of lease liability | (18,998) | | | (43,478) | | (62,476) | | | Long-term portion of lease liability | $ | 35,434 | | | $ | 2,457 | | $ | 37,891 | |
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| Schedule of Future Minimum Finance Lease Payments |
The following table represents the Company’s future minimum lease payments as of August 31, 2026 (in thousands): | | | | | | | | | | | | | | | | | | | Operating Leases | | Finance Leases | | Total | | FY 2027 | $ | 16,666 | | | $ | 37,363 | | $ | 54,029 | | | FY 2028 | 22,737 | | | 10,967 | | 33,704 | | | FY 2029 | 17,152 | | | — | | 17,152 | | | FY 2030 | 3,536 | | | — | | 3,536 | | | FY 2031 | — | | | — | | — | | | Thereafter | — | | | — | | | — | | | Total lease payments | 60,091 | | | 48,330 | | 108,421 | | | Less: imputed interest | (5,659) | | | (2,395) | | (8,054) | | | Total lease liabilities | 54,432 | | | 45,935 | | 100,367 | | | Less: Current portion of lease liability | (18,998) | | | (43,478) | | (62,476) | | | Long-term portion of lease liability | $ | 35,434 | | | $ | 2,457 | | $ | 37,891 | |
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