Inventories

3 Months Ended

Aug. 31, 2024

Inventory Disclosure [Abstract]

Inventories

INVENTORIES

Inventories are stated at lower of cost and net realizable value (using the first-in, first-out method). Inventories consisted of the following:

(in thousands)	Aug 31, 2024		May 31, 2024
Raw materials	$	31,444	$	30,736
Work in process	7,728		6,772
Finished goods	25,528		23,108
Inventories	$	64,700	$	60,616

The Company periodically reviews inventory for both obsolescence and loss of value. The Company makes assumptions about the future demand for and market value of the inventory. Based on these assumptions, the Company estimates the amount of obsolete, expiring and slow-moving inventory. The total inventory reserve at August 31, 2024 and May 31, 2024 was $3.2 million and $3.3 million, respectively.