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Income Taxes (Tables) | 6 Months Ended
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Nov. 30, 2015
Income Tax Disclosure [Abstract] |
Components of Income Tax Expense/(Benefit) | The following table presents the components of income tax expense (benefit) for the three and six months ended November 30, 2015 and 2014 (in thousands of dollars):
| Three Months Ended |  | Six Months Ended
| Nov 30, 2015 |  | Nov 30, 2014 |  | Nov 30, 2015 |  | Nov 30, 2014
Income (loss) before Income Taxes | $ | (728 | ) |  | $ | 2,829 |  |  | $ | (1,402 | ) |  | $ | 4,247 |
Less discrete book income (expense): |  |  |  |  |  |  |
Non-taxable portion of change in fair value of contingent consideration | — |  |  | — |  |  | 170 |  |  | — |
Ordinary income (loss) before income taxes | (728 | ) |  | 2,829 |  |  | (1,572 | ) |  | 4,247 |
Income tax expense (benefit) based on ordinary income (loss) at estimated tax rates for the three and six months ended November 30, 2015 and November 30, 2014, respectively | $ | (429 | ) |  | $ | 1,140 |  |  | $ | (792 | ) |  | $ | 1,738 |
Discrete tax expense (benefit): |  |  |  |  |  |  |
Adjustment for elimination of the ASC 718 APIC pool | 43 |  |  | 330 |  |  | 514 |  |  | 685 |
Adjustments to prior period tax liabilities | 20 |  |  | 21 |  |  | (5 | ) |  | 16 |
Total income tax expense (benefit) | $ | (366 | ) |  | $ | 1,491 |  |  | $ | (283 | ) |  | $ | 2,439 |
Summary of Operating Loss Carryforwards | loss carryforwards, which expire as follows:
Expiration Date | NOL Available (in thousands)
FY 2017 | $ | 802 |
FY 2019 | 11,898 |
FY 2020 | 8,128 |
FY 2022 | 7,526 |
FY 2023 | 2,346 |
FY 2027 | 20,167 |
FY 2028 | 22,527 |
FY 2029 | 27,684 |
FY 2030 | 28,043 |
FY 2031 | 5,647 |
FY 2032 | 600 |
FY 2033 | 1,345 |
FY 2034 | — |
FY 2035 | 11,581 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
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