Note 6 - Property and Equipment, Net

9 Months Ended

Feb. 28, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

6. PROPERTY AND EQUIPMENT, net

Property and equipment consists of the following (in thousands):

	As of
	February 28, 2015			May 31, 2014
Land	$	251			290
Buildings and improvements		2,509			2,966
Leasehold improvements		25,791			24,693
Capital work-in-progress		5,446			3,927
Furniture and fixtures		3,830			3,656
Machinery, equipment and instruments		91,546			88,057
		129,373			123,589
Less accumulated depreciation		(56,130	)		(47,278	)
Property and equipment, net	$	73,243			76,311

Depreciation expense was $4.1 million and $12.9 million in the three months and nine months ended February 28, 2015, and was $4.5 million and $13.2 million in the three months and nine months ended February 28, 2014. Depreciation expense is primarily included in cost of sales in the consolidated statements of operations.