Noncash Investing and Financing Activities

3 Months Ended

Aug. 31, 2011

Noncash Investing and Financing Activities [Abstract]

Noncash Investing and Financing Activities

Note 7: Noncash Investing and Financing Activities

We had accounts payable and other accruals related to acquired rental and lease equipment totaling $5,308 and $4,860 as of August 31, 2011 and May 31, 2011, respectively, and $6,760 and $6,167 as of August 31, 2010 and May 31, 2010, respectively, all of which amounts were subsequently paid. During the three months ended August 31, 2011 and the fiscal year ended May 31, 2011, we transferred $79 and $520, respectively, of demonstration equipment, included in other assets, to rental and lease equipment. There were no similar activities for the three months ended August 31, 2010 or the fiscal year ended May 31, 2010. We had no accrual for dividends declared and not yet paid in accrued expenses and as a reduction of retained earnings as of August 31, 2011 and May 31, 2011, respectively, compared to accruals of $3,596 and $0 as of August 31, 2010 and May 31, 2010, respectively, all of which amounts were subsequently paid.