Note 9 - Deferred Financing Costs, Net

6 Months Ended

Nov. 30, 2015

Notes to Financial Statements

Deferred Financing Costs, Net [Text Block]

9. DEFERRED FINANCING COSTS , net

Changes in deferred financing costs, net during the six months ended November 30, 2015 and the fiscal year ended May 31, 2015 are as follows (in thousands):

	As of
	November 30, 2015			May 31, 2015
Balance at beginning of period	$	26,399			33,116
Amortization		(3,535	)		(6,717	)
Balance at end of period	$	22,864			26,399

Deferred financing costs are capitalized and are amortized over the life of the related debt agreements using the effective interest rate method, except the senior secured revolving loan facility which uses the straight line method.