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Leases (Tables)
 12 Months Ended
May 31, 2024
Leases [Abstract]  
Supplemental Balance Sheet Information
The following table presents supplemental balance sheet information related to leases:
(in thousands)Balance Sheet LocationMay 31, 2024May 31, 2023
Assets
Operating lease ROU assetsOther assets$5,804 $5,113 
Liabilities
Current operating lease liabilitiesOther current liabilities1,975 1,922 
Non-current operating lease liabilitiesOther long-term liabilities3,939 3,316 
Total lease liabilities$5,914 $5,238 
Supplemental Cash Flow Information The following table presents the weighted average remaining lease term and discount rate:
May 31, 2024May 31, 2023
Weighted average remaining term (in years)3.433.05
Weighted average discount rate4.7 %4.1 %
The expenses on the Consolidated Statement of Operations were classified as follows:
(in thousands)May 31, 2024May 31, 2023May 31, 2022
Cost of sales$866 $881 $890 
Research and development195 193 257 
Sales and marketing161 162 160 
General and administrative1,327 1,458 1,495 
$2,549 $2,694 $2,802 
The following table presents supplemental cash flow and other information related to leases:
(in thousands)May 31, 2024May 31, 2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$2,142 $2,742 
ROU assets obtained in exchange for lease liabilities
Operating leases3,057 840 
Schedule of Maturity of Lease Liabilities
The maturities of the lease liabilities for each of the following fiscal years is:
(in thousands)May 31, 2024
2025$2,202 
20261,976 
2027984 
2028729 
2029 and thereafter515 
Total lease payments$6,406 
Less: Imputed Interest492 
Total lease obligations$5,914 
Less: Current portion of lease obligations1,975 
Long-term lease obligations$3,939