Leases (Tables)

12 Months Ended

May 31, 2023

Leases [Abstract]

Supplemental balance sheet information

The following table presents supplemental balance sheet information related to leases:

(in thousands)	Balance Sheet Location	May 31, 2023		May 31, 2022
Assets
Operating lease ROU assets	Other assets	$	5,113	$	6,974
Liabilities
Current operating lease liabilities	Other current liabilities	1,922		2,560
Non-current operating lease liabilities	Other long-term liabilities	3,316		4,703
Total lease liabilities		$	5,238	$	7,263

Supplemental cash flow information

The following table presents the weighted average remaining lease term and discount rate:

	May 31, 2023		May 31, 2022
Weighted average remaining term (in years)	3.05		3.25
Weighted average discount rate	4.1	%	3.8	%

The expenses on the Consolidated Statement of Operations were classified as follows:

(in thousands)	May 31, 2023		May 31, 2022
Cost of sales	$	881	$	890
Research and development	193		257
Sales and marketing	162		160
General and administrative	1,458		1,495
	$	2,694	$	2,802

The following table presents supplemental cash flow and other information related to leases:

(in thousands)	May 31, 2023		May 31, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	2,742	$	2,723
ROU assets obtained in exchange for lease liabilities
Operating leases	840		36

Lease liability schedule

The maturities of the lease liabilities for each of the following fiscal years is:

(in thousands)	May 31, 2023
2024	$	2,097
2025	1,621
2026	1,329
2027	375
2028 and thereafter	174
Total lease payments	$	5,596
Less: Imputed Interest	358
Total lease obligations	$	5,238
Less: Current portion of lease obligations	1,922
Long-term lease obligations	$	3,316