Rentals Under Noncancellable Operating Leases

12 Months Ended

May. 31, 2015

Leases [Abstract]

Rentals Under Noncancellable Operating Leases

Rentals under Noncancellable Operating Leases

Our operating lease agreements have varying terms, typically one to three years. Upon lease termination, the lessee has the option to renew the lease term, purchase the equipment at fair market value, or continue to rent on a month-to-month basis. Our operating leases do not provide for contingent rentals.

Our cost of equipment under operating leases at May 31, 2015 and May 31, 2014, with remaining noncancellable lease terms of more than one year, was $12,512 and $9,353, before accumulated depreciation of $3,335 and $3,409, and the net book value was $9,177 and $5,943, respectively.

The following sets forth a schedule of future minimum rental payments to be received on noncancellable operating leases with remaining lease terms of more than one year as of May 31, 2015:

Year ending May 31,	Future Minimum Rental Payments
2016	$	3,931
2017	2,618
2018	673
2019	—
2020	—
	$	7,222