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Assets Held for Sale (Tables)
 9 Months Ended
Feb. 29, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets and Liabilities Held for Sale
Assets and liabilities held for sale as of February 29, 2024 are as follows:
Assets held for sale
Property and equipment, net$57,260 
Finance lease right of use assets8,109 
Total assets held for sale$65,369 
Liabilities held for sale
Current portion of finance lease liability
$3,657 
Long-term portion of finance lease liability
4,622 
Total liabilities held for sale$8,279 
See below for the Company’s calculation of the implied transaction price and fair value and the resulting loss on the classification of assets as held for sale (in thousands):
Assets held for sale
Maximum Purchase Price
$87,329 
Less: Conditional Amount
(34,000)
Cash Consideration
53,329 
Lease Liabilities Assumed
3,207 
Deferred Revenue Released
9,971 
Implied Fair Value
66,507 
Less: Estimated Costs to Sell
(1,200)
Total fair value less costs to sell
$65,307 
Loss calculation
Carrying value of assets held for sale
$87,030 
Less: Fair value less costs to sell
65,307 
Loss on classification of held for sale
$21,723