Note 9 - Deferred Financing Costs, Net

3 Months Ended

Aug. 31, 2015

Deferred Financing Costs [Abstract]

Deferred Financing Costs [Text Block]

9. DEFERRED FINANCING COSTS, net

Changes in deferred financing costs during the three months ended August 31, 2015 and the fiscal year ended May 31, 2015 are as follows (in thousands):

	As of
	August 31, 2015			May 31, 2015
Balance at beginning of period	$	26,399			33,116
Amortization		(1,754	)		(6,717	)
Balance at end of period	$	24,645			26,399

Deferred financing costs are capitalized and are amortized over the life of the related debt agreements using the effective interest rate method, except the senior secured revolving loan facility which uses the straight line method.