Note 10 - Deferred Financing Costs, Net

9 Months Ended

Feb. 29, 2016

Notes to Financial Statements

Deferred Financing Costs, Net [Text Block]

10. DEFERRED FINANCING COSTS , net

Changes in deferred financing costs, net during the nine months ended February 29, 2016 and the fiscal year ended May 31, 2015 are as follows (in thousands):

	As of
	February 29, 2016			May 31, 2015
Balance at beginning of period	$	26,399			33,116
Amortization		(5,327	)		(6,717	)
Balance at end of period	$	21,072			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.