Investment Expense (Income), Net

3 Months Ended

Aug. 31, 2022

Other Income and Expenses [Abstract]

Investment Expense (Income), Net

NOTE 5 — INVESTMENT EXPENSE (INCOME), NET

Investment expense (income), net, consists of the following components:

	Three Months Ended
	August 31,			August 31,
(In thousands)	2022			2021
Interest (income)	$	(2,150	)	$	(1,153	)
Net loss (gain) on marketable securities		6,606			(3,476	)
Dividend (income)		(792	)		(1,121	)
Investment expense (income), net	$	3,664		$	(5,750	)

Net Loss (Gain) on Marketable Securities

	Three Months Ended
	August 31,			August 31,
(In thousands)	2022			2021
Unrealized losses (gains) on marketable equity securities	$	6,513		$	(3,218	)
Realized losses (gains) on marketable equity securities		129			(269	)
Realized (gains) losses on available-for-sale debt securities		(36	)		11
Net loss (gain) on marketable securities	$	6,606		$	(3,476	)