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Business Segments
 3 Months Ended
Aug. 31, 2023
Segment Reporting [Abstract]  
Business Segments Business Segments
Revenue by segment (excluding HPC as that segment has no revenue) was as follows (in thousands):
Three Months Ended
August 31, 2023August 31, 2022
Cloud services segment
$2,152 $— 
Hosting segment
34,171 6,924 
Total revenue$36,323 $6,924 
Segment profit and a reconciliation to net income (loss) before income tax expenses is as follows (in thousands):
Three Months Ended
August 31, 2023August 31, 2022
Segment Profit:
Cloud services segment
$(7,434)$— 
Hosting segment
8,958 (658)
HPC hosting segment(730)— 
Total segment profit794 (658)
Other (1)
(8,221)(3,519)
Interest expense2,074 356
Loss on debt extinguishment2,353 94
Income before income taxes$(11,854)$(4,627)
(1) Other includes corporate related items not allocated to reportable segments.
We also provide the following additional segment disclosures (in thousands):
Three Months Ended
August 31, 2023August 31, 2022
Depreciation and amortization:
Cloud services segment
$4,508 $— 
Hosting segment
3,199 1,115 
HPC hosting segment126 — 
Other (1)
27 21 
Total depreciation and amortization$7,860 $1,136 
Capital expenditures:
Cloud services segment
$45,717 $— 
Hosting segment
18,298 33,097 
HPC hosting segment11,644 — 
Total capital expenditures$75,659 $33,097 
(1) Other includes corporate related items not allocated to reportable segments.
Information on segment assets and a reconciliation to consolidated assets are as follows (in thousands):
August 31, 2023May 31, 2023
Cloud services segment
$68,075 $3,127 
Hosting segment
232,451 224,447 
HPC hosting segment23,449 10,949 
Total segment assets323,975 238,523 
Other (1)
25,178 25,434 
Total assets$349,153 $263,957 
(1) Other includes corporate related items not allocated to reportable segments.