XML 33 R21.htm IDEA: XBRL DOCUMENT

REPURCHASE OF COMMON STOCK	6 Months Ended
Nov. 30, 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 six months ended November 30, 2015. At November 30, 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.

REPURCHASE OF COMMON STOCK

6 Months Ended

Nov. 30, 2015

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 six months ended November 30, 2015. At November 30, 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.