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Leases (Tables)

9 Months Ended

Feb. 28, 2025

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 Ended															Nine Months Ended
			February 28, 2025						February 29, 2024									February 28, 2025						February 29, 2024
Operating lease cost:
Operating lease expense			$	9,889					$	5,203								$	27,771					$	8,174
Short-term lease expense			155						12									215						52
Total operating lease cost			10,044						5,215									27,986						8,226
Finance lease expense:
Amortization of right-of-use assets(1)			15,792						18,350									70,443						34,840
Interest on lease liabilities			5,064						3,253									14,343						5,994
Total finance lease cost			20,856						21,603									84,786						40,834
Variable lease cost			63						48									180						125
Sublease Income			—						(23)									—						(70)
Total net lease cost			$	30,963					$	26,843								$	112,952					$	49,115

(1)    Amortization of right-of-use assets is included within cost of revenues and selling, general and administrative expense in the unaudited condensed consolidated statements of operations.

Supplemental cash flow and other information related to leases is as follows:

			Nine Months Ended
			February 28, 2025						February 29, 2024
Weighted-average years remaining (in years):
Operating leases			2.9 years						5.3 years
Finance leases			3.5 years						2.5 years
Weighted-average discount rate:
Operating leases			7.7		%				7.6		%
Finance leases			10.5		%				10.7		%

Schedule of Future Minimum Operating Lease Payments

The following table represents the Company’s future minimum lease payments as of February 28, 2025:

			Operating Leases						Finance Leases						Total
Remainder of FY25			$	8,978					$	37,498					$	46,476
FY26			36,761						145,979						182,740
FY27			37,612						14						37,626
FY28			38,597						1						38,598
FY29			28,355						—						28,355
Thereafter			3,537						—						3,537
Total lease payments			153,840						183,492						337,332
Less: imputed interest			(21,665)						(11,125)						(32,790)
Total lease liabilities			132,175						172,367						304,542
Less: Current portion of lease liability			(27,496)						(140,135)						(167,631)
Long-term portion of lease liability			$	104,679					$	32,232					$	136,911

Schedule of Future Minimum Finance Lease Payments

The following table represents the Company’s future minimum lease payments as of February 28, 2025:

			Operating Leases						Finance Leases						Total
Remainder of FY25			$	8,978					$	37,498					$	46,476
FY26			36,761						145,979						182,740
FY27			37,612						14						37,626
FY28			38,597						1						38,598
FY29			28,355						—						28,355
Thereafter			3,537						—						3,537
Total lease payments			153,840						183,492						337,332
Less: imputed interest			(21,665)						(11,125)						(32,790)
Total lease liabilities			132,175						172,367						304,542
Less: Current portion of lease liability			(27,496)						(140,135)						(167,631)
Long-term portion of lease liability			$	104,679					$	32,232					$	136,911

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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