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REPURCHASE OF COMMON STOCK
3 Months Ended
Aug. 31, 2015
REPURCHASE OF COMMON STOCK

15. REPURCHASE OF COMMON STOCK

On June 23, 2014, our Board authorized an increase in the stock repurchase plan limit to $50 million. There were no repurchases during the three months ended August 31, 2015. At August 31, 2015, $15.5 million remained available to repurchase shares under the stock repurchase plan. Under the New Credit Facility, the Company is limited in its ability to make stock repurchases unless the leverage ratio is below 2.50 to 1.00.