Leases (Tables)

12 Months Ended

17 Months Ended

May 31, 2022

May 31, 2022

Leases [Abstract]

Schedule of Components of Lease Expense

The components of lease expense for fiscal 2022 and fiscal 2021 were as follows:

	2022		2021
(in thousands)
Operating lease expense	$	15,726	$	10,123
Financing lease expense:
Amortization of leased assets		653		648
Interest on lease liabilities		124		145
Total financing lease expense		777		793
Short-term lease expense		2,991		578
Variable lease expense		612		2,398
Total lease expense	$	20,106	$	13,892

Other Information Related to Company' s Leases

Other information related to our leases, as of and for the fiscal years ended May 31, 2022 and May 31, 2021, is provided below:

	2022						2021
(dollars in thousands)	Operating Leases			Financing Leases			Operating Leases			Financing Leases
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows	$	13,514		$	123		$	16,506		$	145
Financing cash flows	$	-		$	101		$	-		$	392
ROU assets obtained in exchange for lease liabilities	$	75,986		$	2		$	20,421		$	-
Weighted-average remaining lease term (in years)		13.48			37.36			5.83			33.03
Weighted-average discount rate		2.97	%		3.75	%		2.61	%		3.71	%

Schedule of Future Minimum Lease Payments for Non-Cancelable Leases

Future minimum lease payments for non-cancelable leases having an initial or remaining term in excess of one year at May 31, 2022, were as follows:

(in thousands)	Operating Leases			Financing Leases
2023	$	14,412		$	173
2024		12,477			177
2025		11,180			182
2026		9,814			186
2027		8,658			186
Thereafter		66,932			5,292
Total		123,473			6,196
Less: imputed interest		(23,606	)		(2,985	)
Present value of lease liabilities	$	99,867		$	3,211