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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Cash flows from operating activities:    
Net loss $ (30,975) $ (20,281)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 23,316 21,682
Non-cash lease expense 1,883 1,822
Stock based compensation 8,177 7,789
Change in fair value of contingent consideration 2,084 1,005
Gain on contingent consideration for IPR&D Write-off (1,752) (3,121)
Change in accounts receivable allowances 560 (66)
Fixed and intangible asset impairments and disposals 144 245
Other (317) (27)
Changes in operating assets and liabilities:    
Accounts receivable 759 (6,441)
Inventories (12,254) 588
Prepaid expenses and other (392) (7,147)
Accounts payable, accrued and other liabilities (7,109) (11,802)
Net cash used in operating activities (15,876) (15,754)
Cash flows from investing activities:    
Additions to property, plant and equipment (2,756) (3,258)
Additions to placement and evaluation units (4,922) (8,676)
Cash paid for acquisitions (540) (3,600)
Net cash used in investing activities (8,218) (15,534)
Cash flows from financing activities:    
Proceeds from borrowings on long-term debt 70,000 5,000
Repayment of long-term debt (45,000) 0
Deferred financing costs on long-term debt (751) 0
Proceeds from exercise of stock options and employee stock purchase plan 1,171 2,354
Net cash provided by financing activities 25,420 7,354
Effect of exchange rate changes on cash and cash equivalents (40) (337)
Increase (decrease) in cash and cash equivalents 1,286 (24,271)
Cash and cash equivalents at beginning of period 28,825 48,161
Cash and cash equivalents at end of period 30,111 23,890
Supplemental disclosure of non-cash investing and financing activities:    
Accrual for capital expenditures incurred during the period $ 140 $ (5)