Leases (Tables)

3 Months Ended

Aug. 31, 2020

Supplemental balance sheet information related to operating leases

Supplemental balance sheet information related to operating leases was as follows:

(in thousands)	August 31, 2020		May 31, 2020
Right of use—assets	$	1,756	$	1,952
Lease liabilities—current		803		1,054
Lease liabilities—non-current		966		913

Weighted average remaining lease term and weighted average discount rate

The weighted average remaining lease term and weighted average discount rate were as follows:

(in thousands)	August 31, 2020			May 31, 2020
Weighted average remaining lease term		2.4 years			2.5 years
Weighted average discount rate		3.2	%		3.2	%

Components of lease expense

Operating lease expenses are classified as cost of revenues or operating expenses on the consolidated statements of income. The components of lease expense were as follows:

	August 31,
(in thousands)	2020		2019
Operating leases	$	205	$	240
Short term leases		44		48
Total lease expense	$	249	$	288

Undiscounted minimum lease payments

Undiscounted future minimum lease payments as of August 31, 2020 were as follows (in thousands):

Years ending May 31,	Amount
2021 (1)	$	789
2022		553
2023		292
2024		145
2025		43
2026 and thereafter		—
Total lease payments		1,822
Less: imputed interest		(97	)
Total lease liabilities	$	1,725

(1) Excluding the three months ended August 31, 2020.