Note 6 - Property and Equipment, Net

6 Months Ended

Nov. 30, 2015

Property, Plant and Equipment Disclosure [Text Block]

6.	PROPERTY AND EQUIPMENT, net

Property and equipment, net consist of the following (in thousands):

	As of
	November 30, 2015			May 31, 2015

Land	$	235			250
Buildings and improvements		2,324			2,494
Leasehold improvements		26,101			25,639
Capital work-in-progress		2,714			6,897
Furniture and fixtures		3,810			3,757
Machinery, equipment and instruments		101,643			94,021
		136,827			133,058
Less accumulated depreciation		(64,601	)		(59,484	)
Property and equipment, net	$	72,226			73,574

Depreciation expense was $3.6 million and $7.0 million in the three months and six months ended November 30, 2015, and was $4.1 million and $8.8 million in the three months and six months ended November 30, 2014, respectively. Depreciation expense is primarily included in cost of sales in the Company’s consolidated statements of operations.