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Income taxes and deferred income taxes (Tables) | 12 Months Ended
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May 31, 2021
Income Tax Disclosure [Abstract] |
Summary of Loss Before Income Taxes | Loss before income taxes includes the following components:
|  | For the year ended May 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
United States |  | $ | (7,814 | ) |  |  | — |  |  |  | — |
Canada |  |  | (323,964 | ) |  |  | (88,930 | ) |  |  | (30,733 | )
Other countries |  |  | (13,208 | ) |  |  | (20,255 | ) |  |  | (7,405 | )
|  | $ | (344,986 | ) |  |  | (109,185 | ) |  |  | (38,138 | )
Summary of (Recoveries) Expense for Income Taxes | The (recoveries) expense for income taxes consists of:
|  | For the year ended May 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | — |  |  |  | — |  |  |  | — |
Canada |  |  | 15,227 |  |  |  | 5,294 |  |  |  | 3,296 |
Other countries |  |  | 697 |  |  |  | 375 |  |  |  | 407 |
|  | $ | 15,924 |  |  |  | 5,669 |  |  |  | 3,703 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,517 |  |  |  | — |  |  |  | — |
Canada |  |  | (30,111 | ) |  |  | (9,226 | ) |  |  | (3,281 | )
Other countries |  |  | 3,698 |  |  |  | (4,795 | ) |  |  | (2,467 | )
|  | $ | (24,896 | ) |  |  | (14,021 | ) |  |  | (5,748 | )
Income tax benefits, net |  | $ | (8,972 | ) |  |  | (8,352 | ) |  |  | (2,045 | )
Summary of Reconciliation of Income Taxes at Statutory Rate with Reported Taxes | A reconciliation of income taxes at the statutory rate with the reported taxes is as follows:
|  | For the year ended May 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Loss before net income taxes: |  | $ | (344,986 | ) |  |  | (109,185 | ) |  |  | (38,138 | )
Income tax benefits at statutory rate |  |  | (72,408 | ) |  |  | (22,929 | ) |  |  | (8,009 | )
Tax impact of foreign operations |  |  | (19,016 | ) |  |  | (6,310 | ) |  |  | (2,504 | )
Foreign exchange and other |  |  | 1,011 |  |  |  | (63 | ) |  |  | (491 | )
Non-deductible expenses |  |  | (1,347 | ) |  |  | 2,474 |  |  |  | 5,731 |
Non-deductible (taxable) losses |  |  | 45,230 |  |  |  | 2,152 |  |  |  | (11,724 | )
Changes in enacted rates |  |  | 135 |  |  |  | — |  |  |  | — |
Change in fair value of warrant liability |  |  | (259 | ) |  |  | — |  |  |  | — |
Stock based and other compensation |  |  | 2,902 |  |  |  | 4,105 |  |  |  | 14,655 |
Change in valuation allowance |  |  | 46,007 |  |  |  | 1,066 |  |  |  | 297 |
Non deductible dividend |  |  | (755 | ) |  |  | — |  |  |  | — |
Non deductible impairment |  |  | — |  |  |  | 11,153 |  |  |  | — |
Effect of transaction |  |  | (10,472 | ) |  |  | — |  |  |  | — |
Income tax benefits, net |  | $ | (8,972 | ) |  |  | (8,352 | ) |  |  | (2,045 | )
Summary of Components of Deferred Tax | The following table summarizes the components of deferred tax:
|  | May 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Deferred assets |  |  |  |  |  |  |  |  |  |  |  |
Operating loss carryforwards - United States |  | $ | 57,320 |  |  |  | — |  |  |  | — |
Operating loss carryforwards - Canada |  |  | 152,382 |  |  |  | 20,512 |  |  |  | 9,535 |
Operating loss carryforwards - Other Countries |  |  | 7,801 |  |  |  | 9,037 |  |  |  | 5,079 |
Capital loss carryforwards |  |  | 1,350 |  |  |  | 1,854 |  |  |  | 7,028 |
Intangible assets |  |  | 86,541 |  |  |  | — |  |  |  | — |
Property and equipment |  |  | 17,107 |  |  |  | — |  |  |  | — |
Currently nondeductible interest |  |  | 9,491 |  |  |  | — |  |  |  | — |
Partnership interests |  |  | 34,108 |  |  |  | — |  |  |  | — |
Deferred financing costs |  |  | 4,237 |  |  |  | 5,022 |  |  |  | — |
Investment tax credits and related pool balance |  |  | 526 |  |  |  | — |  |  |  | — |
Other |  |  | 26,716 |  |  |  | 1,704 |  |  |  | 1,101 |
Total Deferred tax assets |  |  | 397,579 |  |  |  | 38,129 |  |  |  | 22,743 |
Less valuation allowance |  |  | (265,940 | ) |  |  | (4,583 | ) |  |  | (4,583 | )
Net deferred tax assets |  |  | 131,639 |  |  |  | 33,546 |  |  |  | 18,160 |
Deferred tax liabilities |  |  |  |  |  |  |  |  |  |  |  |
Property and equipment |  |  | (15,997 | ) |  |  | (8,356 | ) |  |  | (1,995 | )
Intangible assets |  |  | (376,228 | ) |  |  | (69,580 | ) |  |  | (73,454 | )
Convertible Senior Notes Due 2023 |  |  | (4,977 | ) |  |  | (4,056 | ) |  |  | (4,739 | )
Total deferred tax liabilities |  |  | (397,202 | ) |  |  | (81,992 | ) |  |  | (80,188 | )
Net deferred tax liability |  | $ | (265,563 | ) |  |  | (48,446 | ) |  |  | (62,028 | )

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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