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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Cash Flows From (For) Operating Activities    
Net income $ 1,503 $ 5,209
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 28,734 5,729
Deferred income taxes 998 (1,439)
Share-based compensation 2,638 1,867
Amortization of debt issuance costs 860 0
Change in operating assets and liabilities, net of business acquisitions:    
Accounts receivable, net 16,242 4,819
Inventories (6,304) (8,330)
Prepaid expenses and other current assets (12,925) (14,682)
Accounts payable and accrued liabilities 4,980 (13,278)
Interest expense accrual (7,711) 0
Change in other assets and liabilities (6,006) 5,962
Net Cash From (For) Operating Activities 23,009 (14,143)
Cash Flows (For) From Investing Activities    
Purchases of property, equipment and other non-current intangible assets (30,630) (12,996)
Proceeds from the maturities of marketable securities 21,905 108,488
Purchases of marketable securities 0 (12,523)
Proceeds from the sale of property and equipment and other 41 0
Business acquisitions, net of working capital adjustments and cash acquired 0 (1,331)
Net Cash (For) From Investing Activities (8,684) 81,638
Cash Flows From Financing Activities    
Exercise of stock options and issuance of employee stock purchase plan shares 1,062 905
Net Cash From Financing Activities 1,062 905
Effect of Foreign Exchange Rates on Cash 205 5,775
Net Increase in Cash and Cash Equivalents 15,592 62,625
Cash and Cash Equivalents, Beginning of period 163,240 44,473
Cash and Cash Equivalents, End of period $ 178,832 $ 107,098