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Debt (Tables)

6 Months Ended

Nov. 30, 2023

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

Long-term debt consisted of the following components (in thousands):

			Interest Rate						Maturity Date						November 30, 2023						May 31, 2023
Starion term loan			6.50%						July 25, 2027						$	11,428					$	12,786
Vantage Garden City loan			6.15%						April 26, 2028						13,427						10,074
Starion Ellendale loan			7.48%						February 3, 2028						17,974						19,728
Other long-term debt															372						354
Deferred financing costs, net of amortization															(421)						(3,012)
Less: Current portion of term loan															(9,279)						(7,950)
Long-term debt, net															$	33,501					$	31,980

Schedule of Maturities of Long-Term Debt

Below is a summary of the remaining principal payments due over the life of the term loans as of November 30, 2023 (in thousands):

Remainder of FY24			$	4,645
FY25			9,768
FY26			10,441
FY27			11,150
FY28			7,197
Total			$	43,201

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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