Investment (Income) Expense, Net

3 Months Ended

Aug. 31, 2023

Other Income and Expenses [Abstract]

Investment (Income) Expense, Net

NOTE 5 — INVESTMENT (INCOME) EXPENSE, NET

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

	Three Months Ended
	August 31,			August 31,
(In thousands)	2023			2022
Interest (income)	$	(5,451	)	$	(2,150	)
Net (gain) loss on marketable securities		(6,451	)		6,606
Dividend (income)		(537	)		(792	)
Investment (income) expense, net	$	(12,439	)	$	3,664

Net (Gain) Loss on Marketable Securities

	Three Months Ended
	August 31,			August 31,
(In thousands)	2023			2022
Unrealized (gains) losses on marketable equity securities	$	(6,527	)	$	6,513
Realized losses on marketable equity securities		45			129
Realized losses (gains) on available-for-sale debt securities		31			(36	)
Net (gain) loss on marketable securities	$	(6,451	)	$	6,606