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Discontinued Operations (Tables) | 12 Months Ended
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May 31, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Assets as Held for Sale | The following table presents the major components of the financial results of the Cloud Services Business for the periods presented (in thousands):
| Fiscal Year Ended
| May 31, 2025 |  | May 31, 2024 |  | May 31, 2023
Revenue | $ | 84,376 |  |  | $ | 28,957 |  |  | $ | — |
Cost of revenues | 115,308 |  |  | 41,687 |  |  | — |
Selling, general and administrative | 24,813 |  |  | 52,756 |  |  | 1,091 |
(Gain) on abandonment of assets | (414) |  |  | — |  |  | — |
Operating loss from discontinued operations | (55,331) |  |  | (65,486) |  |  | (1,091) |
Interest expense | 17,399 |  |  | 9,809 |  |  | 27 |
Net loss from discontinued operations before income tax expense | (72,730) |  |  | (75,295) |  |  | (1,118) |
Income tax expense | — |  |  | — |  |  | — |
Net loss from discontinued operations | $ | (72,730) |  |  | $ | (75,295) |  |  | $ | (1,118) |
The following table represents the aggregated carrying amounts of classes of assets and liabilities that are classified as held for sale on the consolidated balance sheets for the periods presented (in thousands):
| Fiscal Year Ended
| May 31, 2025 |  | May 31, 2024
Assets: |  |  |
Cash and cash equivalents | $ | 2,398 |  |  | $ | — |
Accounts receivable | 3,788 |  |  | — |
Prepaid expenses and other current assets | 223 |  |  | 333 |
Property and equipment, net | 10,922 |  |  | 11,278 |
Operating lease right of use asset, net | 91,374 |  |  | 152,090 |
Finance lease right of use asset, net | 195,495 |  |  | 209,933 |
Other assets | — |  |  | 581 |
Total current assets held for sale | 304,200 |  |  | 374,215 |
Liabilities: |  |  |
Accounts payable | 3,962 |  |  | 11,589 |
Accrued liabilities | 572 |  |  | 1,580 |
Current portion of operating lease liability | 16,093 |  |  | 21,101 |
Current portion of finance lease liability | 133,406 |  |  | 102,400 |
Current deferred revenue | 3,594 |  |  | 31,178 |
Long-term portion of operating lease liability | 58,420 |  |  | 108,668 |
Long-term portion of finance lease liability | — |  |  | 59,907 |
Total current liabilities held for sale | $ | 216,047 |  |  | $ | 336,423 |
The following table presents significant non-cash items and capital expenditures of discontinued operations for the periods presented (in thousands):
| Fiscal Year Ended
| May 31, 2025 |  | May 31, 2024 |  | May 31, 2023
Depreciation and amortization | $ | 80,656 |  |  | $ | 57,883 |  |  | $ | 154 |
Stock-based compensation | (1,463) |  |  | 10,135 |  |  | — |
Purchases of property and equipment and other assets | (190) |  |  | (10,600) |  |  | (260) |
Finance lease prepayments | 1,190 |  |  | (46,378) |  |  | — |
Operating right-of-use assets obtained by lease obligation | 20,280 |  |  | 158,508 |  |  | — |
Finance right-of-use assets obtained by lease obligation | 64,358 |  |  | 217,818 |  |  | 3,021 |
Property and equipment in AP and accrued liabilities | 1,387 |  |  | 1,172 |  |  | — |

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