XML 39 R26.htm IDEA: XBRL DOCUMENT v3.23.4
Leases (Tables)
6 Months Ended
Nov. 30, 2023
Leases [Abstract]  
Schedule Of Components Of Lease Expense, Supplemental Cash Flow Information And Other Information
Components of lease expense were as follows (in thousands):
Three Months EndedSix Months Ended
November 30, 2023November 30, 2022November 30, 2023November 30, 2022
Operating lease cost:
Operating lease expense$2,486$82$2,970$164
Short-term lease expense80105207223
Total operating lease cost2,5661873,177387
Finance lease expense:
Amortization of right-of-use assets(1)
10,86073516,4901,033
Interest on lease liabilities1,6591832,741292
Total finance lease cost12,51991819,2311,325
Variable lease cost4077
Sublease Income(24)(30)(47)(58)
Total net lease cost$15,101$1,075$22,438$1,654
(1)    Amortization of right-of-use assets is included within depreciation expense, and is recorded within cost of revenues and selling, general and administrative expense in the condensed consolidated statements of operations.
Supplemental cash flow and other information related to leases is as follows:
Six Months Ended
November 30, 2023November 30, 2022
Weighted-average years remaining (in years):
Finance leases5.5 years28.6 years
Operating leases5.7 years3.9 years
Weighted-average discount rate:
Finance leases8.8 %8.0 %
Operating leases7.9 %12.5 %
Schedule Of Future Minimum Operating Lease Payments
The following table represents the Company’s future minimum lease payments as of November 30, 2023:
Operating LeasesFinance LeasesTotal
Remainder of FY24$6,605 $24,341$30,946 
FY2513,562 47,34060,902 
FY2614,031 12,10826,139 
FY2714,166 18814,354 
FY2814,360 18014,540 
Thereafter12,441 89,944102,385 
Total lease payments75,165 174,101249,266 
Less: imputed interest(13,954)(94,548)(108,502)
Total lease liabilities61,21179,553140,764 
Less: Current portion of lease liability(8,887)(42,805)(51,692)
Long-term portion of lease liability$52,324 $36,748$89,072 
Schedule Of Future Minimum Finance Lease Payments
The following table represents the Company’s future minimum lease payments as of November 30, 2023:
Operating LeasesFinance LeasesTotal
Remainder of FY24$6,605 $24,341$30,946 
FY2513,562 47,34060,902 
FY2614,031 12,10826,139 
FY2714,166 18814,354 
FY2814,360 18014,540 
Thereafter12,441 89,944102,385 
Total lease payments75,165 174,101249,266 
Less: imputed interest(13,954)(94,548)(108,502)
Total lease liabilities61,21179,553140,764 
Less: Current portion of lease liability(8,887)(42,805)(51,692)
Long-term portion of lease liability$52,324 $36,748$89,072