Note 7 - Property and Equipment, Net

9 Months Ended

Feb. 29, 2016

Property, Plant and Equipment Disclosure [Text Block]

7.	PROPERTY AND EQUIPMENT, net

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

	As of
	February 29, 2016			May 31, 2015

Land	$	233			250
Buildings and improvements		2,072			2,494
Leasehold improvements		26,208			25,639
Capital work-in-progress		4,375			6,897
Furniture and fixtures		3,805			3,757
Machinery, equipment and instruments		103,628			94,021
		140,321			133,058
Less accumulated depreciation		(67,533	)		(59,484	)
Property and equipment, net	$	72,788			73,574

Depreciation expense was $3.6 million and $10.7 million in the three months and nine months ended February 29, 2016, respectively, and $4.1 million and $12.9 million in the three months and nine months ended February 28, 2015, respectively. Depreciation expense is primarily included in cost of sales in the Company’s consolidated statements of operations.