Note 6 - Property and Equipment, Net

9 Months Ended

Feb. 28, 2017

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

6. PROPERTY AND EQUIPMENT , NET

Property and equipment

, net consist of the following (in thousands):

	As of
	February 28, 2017			May 31, 2016
Land	$	214			217
Buildings and improvements		2,183			2,163
Leasehold improvements		26,379			26,261
Capital work-in-progress		8,273			4,275
Furniture and fixtures		4,219			3,861
Machinery, equipment and instruments		115,131			110,145
Total property and equipment		156,399			146,922
Less: Accumulated depreciation		(79,607	)		(70,907	)
Property and equipment, net	$	76,792			76,015

Depreciation expense

was

$3.8

million and

$11.7

million in the

three

months and

nine

months ended

February

28,

2017

and was

$3.6

million and

$10.7

million in the

three

months and

nine

months ended

February

29,

2016,

respectively. Depreciation expense is primarily included in cost of sales in the Company’s consolidated statements of operations.