CHANGES IN EQUITY

6 Months Ended

Nov. 30, 2014

CHANGES IN EQUITY

CHANGES IN EQUITY

G. CHANGES IN EQUITY

The changes in redeemable common stock for the six months ended November 30, 2014 is as follows (in thousands):

	Redeemable Common Stock
	Shares		Amount
Balance as of May 31, 2014	50	$	275
Issuance of redeemable common stock	170		850
Accretion of redeemable common stock	-		340
Repurchase of redeemable common stock	(50)		(275)
Balance as of November 30, 2014	170	$	1,190