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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ (12,798) $ 45,884
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 6,785 6,688
Non-cash lease expense 494 476
Stock based compensation 3,205 4,144
Gain on disposal of assets 0 (47,842)
Transaction costs for disposition 0 (2,427)
Change in fair value of contingent consideration 76 (130)
Deferred income taxes (339) (11,415)
Change in accounts receivable allowances 270 (78)
Fixed and intangible asset impairments and disposals 20 65
Write-off of other assets 0 869
Other 121 (9)
Changes in operating assets and liabilities:    
Accounts receivable 3,784 3,157
Inventories (4,053) (4,574)
Prepaid expenses and other (836) (4,168)
Accounts payable, accrued and other liabilities (14,982) (16,539)
Net cash used in operating activities (18,253) (25,899)
Cash flows from investing activities:    
Additions to property, plant and equipment (1,092) (791)
Additions to placement and evaluation units (1,313) (767)
Proceeds from sale of assets 0 100,000
Net cash (used in) provided by investing activities (2,405) 98,442
Cash flows from financing activities:    
Repayment of long-term debt 0 (50,000)
Payment of acquisition related contingent consideration 0 (10,000)
Repurchase of common stock (552) 0
Proceeds from exercise of stock options and employee stock purchase plan 43 410
Net cash used in financing activities (509) (59,590)
Effect of exchange rate changes on cash and cash equivalents 116 13
Increase (decrease) in cash and cash equivalents (21,051) 12,966
Cash and cash equivalents at beginning of period 76,056 44,620
Cash and cash equivalents at end of period 55,005 57,586
Supplemental disclosure of non-cash investing and financing activities:    
Accrual for capital expenditures incurred during the period $ (32) $ (68)