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v3.22.2.2

Credit Facility (Details) |  |  |  | 3 Months Ended | 6 Months Ended
--- | --- | --- | --- | --- | ---
Nov. 30, 2024 USD ($) | Nov. 30, 2023 USD ($) | Nov. 30, 2022 USD ($) | Jul. 31, 2023 | Apr. 30, 2023 | Jan. 31, 2023 | Oct. 31, 2022 USD ($) | Oct. 31, 2021 USD ($) | Jan. 31, 2024
Credit Facility |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Accordion feature |  |  |  |  |  |  | $ 250,000,000 |  |
Credit facility amount outstanding |  |  |  |  |  |  | 148,700,000 |  |
Outstanding standby letters of credit at period end |  |  |  |  |  |  | 519,000 |  |
Outstanding balance during period, minimum |  |  |  |  |  |  | 130,000,000 |  |
Outstanding balance during period, maximum |  |  |  |  |  |  | 155,500,000 |  |
Debt issuance costs, net |  |  |  |  |  |  | 811,000 |  |
Interest expense related to credit facility |  |  |  |  |  |  | $ 2,240,000 | $ 1,493,000 |
Weighted average interest rate |  |  |  |  |  |  | 5.85% | 2.94% |
Actual secured leverage ratio |  |  |  |  |  |  | 3.49 |  |
Maximum secured leverage ratio |  |  |  |  |  |  | 3.75 |  |
Actual interest expense coverage ratio |  |  |  |  |  |  | 8.79 |  |
Minimum interest expense coverage ratio |  |  |  |  |  |  | 3.25 |  |
Amended Credit Facility | Forecast |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Scheduled principal payments | $ 5,000,000 | $ 2,500,000 |  |  |  |  |  |  |
Maximum total leverage ratio |  |  |  | 3.75 | 4.00 | 4.25 |  |  | 3.50
Amended Credit Facility | Subsequent Event |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Accordion feature |  |  | $ 100,000,000 |  |  |  |  |  |
Minimum interest expense coverage ratio |  |  | 3.25 |  |  |  |  |  |
Triggering event debt issuance amount |  |  | $ 5,000,000 |  |  |  |  |  |
Triggering event period |  |  | 91 days |  |  |  |  |  |
Minimum liquidity |  |  | $ 25,000,000 |  |  |  |  |  |
Amended Credit Facility | Federal Funds Effective Swap Rate | Subsequent Event | Debt Terms One |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  | 0.50% |  |  |  |  |  |
Amended Credit Facility | Adjusted LIBO Rate | Subsequent Event | Debt Terms Two |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  | 1.00% |  |  |  |  |  |
Secured Credit Facility | Credit Facility |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  |  |  |  | $ 550,000,000 |  |
Secured Credit Facility | Amended Credit Facility | Subsequent Event |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  | $ 300,000,000 |  |  |  |  |  |
Revolving Loan Facility | Credit Facility |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  |  |  |  | 300,000,000 |  |
Revolving Loan Facility | Amended Credit Facility | Subsequent Event |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  | 150,000,000 |  |  |  |  |  |
Letter of Credit | Credit Facility |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  |  |  |  | 35,000,000 |  |
Letter of Credit | Amended Credit Facility | Subsequent Event |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  | 20,000,000 |  |  |  |  |  |
Swingline Loan | Credit Facility |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  |  |  |  | 25,000,000 |  |
Swingline Loan | Amended Credit Facility | Subsequent Event |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  | 15,000,000 |  |  |  |  |  |
Commercial Letter of Credit |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Outstanding standby letters of credit at period end |  |  |  |  |  |  | $ 0 |  |
Term Loan A | Amended Credit Facility | Subsequent Event |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  | $ 50,000,000 |  |  |  |  |  |

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- Definition Interest expense related to the credit facility for the period, including undrawn line fees and amortization of deferred financing costs. + References No definition available. + Details
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- Definition Debt Instrument, Covenant, Fixed Coverage Ratio, Actual + References No definition available. + Details
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- Definition Represented Consolidated EBITDA less cash paid for taxes, capital expenditures and dividends, the result of which was then divided by the sum of scheduled principal debt payments and cash paid for interest, all of the aforementioned calculated on a trailing twelve month basis + References No definition available. + Details
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- Definition Debt Instrument, Covenant, Minimum Liquidity + References No definition available. + Details
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- Definition Debt Instrument, Covenant, New Debt Issuance Maximum Amount + References No definition available. + Details
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- Definition Debt Instrument, Covenant, Secured Leverage Ratio, Maximum + References No definition available. + Details
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- Definition Debt Instrument, Covenant, Triggering Event, Days Before Maturity Of Debt + References No definition available. + Details
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- Definition Line Of Credit Facility Minimum Amount Outstanding During Period + References No definition available. + Details
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- Definition Line of Credit Facility, Accordion Feature + References No definition available. + Details
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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
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- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1D -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399 + Details
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- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. + References No definition available. + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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- Definition Maximum amount borrowed under the credit facility at any time during the period. + References No definition available. + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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