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Discontinued Operations (Tables)
 3 Months Ended
Aug. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Results of Discontinued Operations and Summary of Assets and Liabilities of Discontinued Operations

The following table summarizes the results of discontinued operations:

 

     Three-Months Ended August 31,  
         2015              2014      
     (Unaudited)  
     (Dollars in thousands)  

Net Sales

    $ 21       $ 7,825   
  

 

 

     

 

 

  

Operating income (loss) of discontinued operations

    $ 61       $ (2,564 ) 
  

 

 

     

 

 

  

Income (loss) before income taxes

      61         (2,564 ) 

Income tax benefit

      —           —     
  

 

 

     

 

 

  

Income (loss) from discontinued operations, net of taxes

    $ 61       $ (2,564 ) 
  

 

 

     

 

 

  

 

The following is a summary of assets and liabilities of discontinued operations at the dates indicated:

 

     August 31, 2015      May 31, 2015  
     (Unaudited)         
     (Dollars in thousands)  

Current Assets:

   

Accounts receivable

    $ 87       $ 30   

Inventories

      50         110   
  

 

 

     

 

 

  
   $ 137       $ 140   
  

 

 

     

 

 

  

Current Liabilities:

      

Accounts payable, trade

    $ 40       $ 8   

Accrued marketing programs

      —           37   

Other accrued liabilities

      68         59   
  

 

 

     

 

 

  
   $ 108       $ 104