Note 6 - Property And Equipment

12 Months Ended

May 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

6.    PROPERTY AND EQUIPMENT

Property and equipment consists of the following (in thousands):

	As of May 31
	2013			2012
Land	$	301			301
Buildings and improvements		2,575			2,304
Leasehold improvements		20,629			11,994
Capital work-in-progress		5,047			4,545
Furniture and fixtures		3,282			1,966
Machinery, equipment and instruments		75,480			55,271
		107,314			76,381
Less accumulated depreciation		(30,933	)		(11,719	)
Property and equipment, net	$	76,381			64,662

Depreciation expense was $21.0 million in fiscal 2013, $15.5 million in Successor fiscal 2012 period, $3.4 million in the Predecessor fiscal 2012 period, and $13.9 million in fiscal year 2011. Depreciation expense is primarily included in cost of sales in the consolidated statements of operations.

During fiscal 2013, the Company recognized a disposition loss of $1.2 million to reduce certain capital work-in-progress equipment associated with a high-speed filling project to its estimated salvage value. The project was determined to be no longer economically viable during fiscal 2013 and management therefore decided to dispose of the equipment.

For the year ended May 31, 2012, certain amounts within property and equipment have been reclassified to be consistent with the May 31, 2013 presentation. However, there has been no change in total property and equipment or accumulated depreciation.