Electro Rent (ELRC) Inactive 10-Q7 Jan 162016 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Nov. 30, 2015	Jan. 06, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 30, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	ELRC
Entity Registrant Name	ELECTRO RENT CORP
Entity Central Index Key	32,166
Current Fiscal Year End Date	--05-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		24,127,743

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Revenues:
Rentals and leases		$ 32,173	$ 33,469	$ 64,476	$ 67,358
Sales of equipment and other revenues		11,137	26,234	32,177	54,216
Total revenues	[1]	43,310	59,703	96,653	121,574
Operating expenses:
Depreciation of rental and lease equipment		14,340	14,670	28,941	28,585
Costs of rentals and leases, excluding depreciation		4,275	4,547	9,187	9,121
Costs of sales of equipment and other revenues		6,814	19,661	21,680	40,563
Selling, general and administrative expenses		14,431	14,598	29,202	29,619
Total operating expenses		39,860	53,476	89,010	107,888
Operating profit		3,450	6,227	7,643	13,686
Interest income/(expense), net		78	79	(164)	182
Other income		13	1,390	13	1,390
Income before income taxes		3,541	7,696	7,492	15,258
Income tax provision		1,351	2,901	2,832	5,692
Net income		$ 2,190	$ 4,795	$ 4,660	$ 9,566
Earnings per share:
Basic (in dollars per share)		$ 0.09	$ 0.20	$ 0.19	$ 0.39
Diluted (in dollars per share)		$ 0.09	$ 0.20	$ 0.19	$ 0.39
Shares used in per share calculation:
Basic (in shares)		24,440	24,404	24,426	24,380
Diluted (in shares)		24,447	24,408	24,433	24,393
Cash dividend declared per share (in dollars per share)		$ 0.125	$ 0.20	$ 0.25	$ 0.40

[1]	Revenues by country are based on the shipping destination.

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 30, 2015	May. 31, 2015
Assets
Cash	$ 6,594	$ 4,064
Accounts receivable, net of allowance for doubtful accounts of $635 and $604	25,461	33,863
Rental and lease equipment, net of accumulated depreciation of $237,447 and $241,116	217,356	231,671
Other property, net of accumulated depreciation and amortization of $17,198 and $16,749	12,724	13,120
Goodwill	3,109	3,109
Intangibles, net of accumulated amortization of $1,820 and $1,761	685	744
Other assets	19,256	13,743
Total assets	285,185	300,314
Liabilities:
Bank borrowings	0	2,387
Accounts payable	5,158	8,234
Accrued expenses	13,725	18,487
Deferred revenue	5,312	5,576
Deferred tax liability	33,920	37,652
Total liabilities	$ 58,115	$ 72,336
Commitments and contingencies (Note 11)
Shareholders’ equity:
Preferred stock, $1 par - shares authorized 1,000,000, none issued	$ 0	$ 0
Common stock, no par - shares authorized 40,000,000; issued and outstanding November 30, 2015 - 24,127,743; May 31, 2015 - 24,108,176	40,989	40,440
Retained earnings	186,081	187,538
Total shareholders’ equity	227,070	227,978
Total liabilities and shareholders' equity	$ 285,185	$ 300,314

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Nov. 30, 2015	May. 31, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 635	$ 604
Accumulated depreciation on rental and lease equipment	237,447	241,116
Accumulated depreciation and amortization for other property	17,198	16,749
Accumulated amortization of intangibles	$ 1,820	$ 1,761
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued
Common stock, par value
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	24,127,743	24,108,176
Common stock, shares outstanding	24,127,743	24,108,176

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Cash flows from operating activities:
Net income	$ 4,660	$ 9,566
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	29,567	29,085
Rental and lease equipment impairment	443	0
Remeasurement (gain)/loss on foreign currency	111	(7)
Provision for losses on accounts receivable	260	381
Gain on sale of rental and lease equipment	(6,483)	(6,625)
Stock compensation expense	648	649
Excess tax benefit for share-based compensation	(15)	(116)
Deferred income taxes	(3,732)	(4,526)
Change in operating assets and liabilities:
Accounts receivable	7,515	(2,662)
Other assets	(6,067)	(4,194)
Accounts payable	(580)	789
Accrued expenses	(4,607)	1,199
Deferred revenue	(238)	(543)
Net cash provided by operating activities	21,482	22,996
Cash flows from investing activities:
Proceeds from sale of rental and lease equipment	17,229	16,168
Payments for purchase of rental and lease equipment	(27,278)	(32,985)
Payments for purchase of other property	(171)	(250)
Net cash used in investing activities	(10,220)	(17,067)
Cash flows from financing activities:
Borrowings under bank line of credit	10,407	31,070
Payments under bank line of credit	(12,794)	(28,227)
Minimum tax withholdings on share-based compensation	(114)	(10)
Excess tax benefit for share-based compensation	15	116
Payment of dividends	(6,215)	(9,902)
Net cash used in financing activities	(8,701)	(6,953)
Effect of exchange rate changes on cash	(31)	278
Net increase (decrease) in cash	2,530	(746)
Cash at beginning of period	4,064	5,946
Cash at end of period	6,594	5,200
Supplemental Cash Flow Information
Interest paid, during the period	38	17
Income taxes paid, during the period	10,657	7,712
Dividends accrued during the period, not yet paid	57	104
Rental equipment acquisitions, not yet paid	1,981	3,843
Used equipment sales in accounts receivable and other assets, not yet collected	6,414	9,356
Transfers from other assets to rental and lease equipment	$ 79	$ 1,998

Basis of Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Nov. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited consolidated financial statements included herein have been prepared by Electro Rent Corporation, pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). The consolidated financial statements include the accounts of Electro Rent Corporation and its wholly owned subsidiaries, Electro Rent, LLC, ER International, Inc., Electro Rent Europe NV, Electro Rent Asia, Inc. and Electro Rent (Beijing) Test and Measurement Equipment Rental Co., Ltd. (collectively “we”, “us”, or “our”). All intercompany balances and transactions have been eliminated in consolidation. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted pursuant to such SEC rules and regulations. These unaudited consolidated financial statements reflect all adjustments, consisting of only normal recurring adjustments, and disclosures that are, in our opinion, necessary for a fair presentation of our financial position and results of operations for the interim periods presented. These unaudited consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in our latest Annual Report on Form 10-K filed with the SEC on August 13, 2015 . The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities as well as the disclosures of contingent assets and liabilities as of the date of these financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates, and results of operations for interim periods are not necessarily indicative of results to be expected for the full year. Revenue Recognition We generate revenues primarily through the rental and leasing of test and measurement equipment (“T&M”) and personal computer-related data products equipment (“DP”) and through the sale of new and used equipment. Rental revenues comprise short term agreements that can be daily, weekly or monthly. Rental revenues are recognized in the month they are due on the accrual basis of accounting. We lease equipment under both operating and finance lease agreements. Our operating lease agreements have varying terms, typically one to three years. Upon lease termination, customers have the option to renew the lease term, purchase the equipment at fair market value, or continue to rent on a month-to-month basis. Our operating leases do not provide for contingent rentals. Revenues related to operating leases are recognized on a straight-line basis over the term of the lease. Negotiated lease early-termination charges are recognized upon receipt. Rentals and leases are primarily billed to customers in advance, and unearned billings are recorded as deferred revenue. We enter into finance leases as lessor for some of our equipment. Our finance lease agreements contain bargain purchase options and are accounted for as sale-type leases. Revenues from finance leases, which are recorded at the present value of the aggregate future lease payments, net of unearned interest, are included in sales of equipment and other revenues in our consolidated statements of operations. Unearned interest is recognized over the life of the finance lease term using the effective interest method. Our finance lease terms vary, and are typically one to three years. The net investment in finance leases, which represents the receivables due from lessees, net of unearned interest, is included in other assets in our consolidated balance sheets. Historically, we have not required security deposits based on our assessed credit risk within our customer base. Initial direct costs for operating and finance leases are insignificant. Sales of new equipment are recognized in the period in which the equipment is delivered and risk of loss passes to the customer, while sales of used equipment from our rental and lease equipment pool are recognized in the period in which the equipment is shipped and risk of loss passes to the customer. In the case of equipment sold to customers that is already on rent or on lease to the same party, revenue is recognized at the agreed-upon date when the rent or lease term ends and the risk of loss passes to the customer. The amount of revenue recognized for sales of new equipment depends on whether we sell as principal or as agent for the original equipment manufacturer. Prior to May 31, 2015, our sales of new equipment were derived primarily from the reseller agreement with Keysight Technologies, Inc. In fiscal 2016, we were able to enter into reseller agreements with other T&M equipment manufacturers, including Anritsu, Inc. ("Anritsu") and Rohde & Schwarz Gmbh & Co. KG ("Rohde & Schwarz"). Under the terms of the agreements we act as the principal with respect to sales of new equipment, based on several factors, including: (1) We act as the primary obligor by working directly with our customers to define their needs, providing them with options to satisfy such needs, contracting directly with the customer, and, to the extent required, providing customers with instruction on the use of the product and additional technical support once the product is received by the customer. The original equipment manufacturer is not a party to our customer sales agreements, nor is it referenced in the agreements, and therefore has no obligation to our customers with the exception of the manufacturer’s standard warranty on the product; (2) We bear back-end risk of inventory loss with respect to any product return from the customer as the original equipment manufacturer is not required to accept returns of equipment from us. Under the reseller agreement with Keysight, we also bore front-end risk of inventory loss in those cases where we acquired products for resale into our equipment pool prior to shipment to customers; (3) We have full discretion in setting pricing terms with our customers and negotiate all such terms ourselves; and (4) We assume all credit risk. In situations where we act as principal, the gross sales of new equipment are recorded in sales of equipment and other revenues, while the related equipment costs, including the purchase price from the original equipment manufacturer, are recorded in costs of sales of equipment and other revenues in our consolidated statements of operations. We are currently establishing new resale relationships, where we may act as an agent for the original equipment manufacturer. Under those arrangements, we recognize revenue only on the commissions that we receive, which are recorded in other revenue within the sales of equipment and other revenues in our consolidated statement of operations. Other revenues, which primarily include billings to customers for delivery and repairs, are recognized in the period in which the respective services are performed. Operating Expenses Costs of rentals and leases, excluding depreciation, primarily include labor related costs of our operations personnel, supplies, repairs, insurance and warehousing costs associated with our rental and lease equipment, relating to our rental and lease revenues. Costs of rentals and leases included impairment charges of $0 and $443 related to our T&M rental and lease equipment during the three and six months ended November 30, 2015 . No impairments occurred for the three and six months ended November 30, 2014. Costs of sales of equipment and other revenues primarily include the cost of new equipment and the carrying value of used equipment sold. Selling, general and administrative (“SG&A”) expenses include sales and advertising costs, payroll and related benefit costs, insurance expenses, property taxes on our property and rental and lease equipment, legal and professional fees, and administrative overhead. Advertising costs are expensed as incurred. Total advertising expenses were $373 and $590 for the three and six months ended November 30, 2015 and $250 and $419 for the three and six months ended November 30, 2014 . SG&A expenses also included shipping and handling costs of $929 and $1,873 for the three and six months ended November 30, 2015 and $1,085 and $2,121 for the three and six months ended November 30, 2014 . Foreign Currency The U.S. dollar has been determined to be the functional currency of all foreign subsidiaries. The euro, Canadian dollar and Chinese yuan are our primary foreign currencies. The assets and liabilities of our foreign subsidiaries are remeasured from their local currency to U.S. dollars at current or historic exchange rates, as appropriate. Revenues and expenses are remeasured from any foreign currencies to U.S. dollars using historic or average monthly exchange rates, as appropriate, for the month in which the transaction occurred. Remeasurement gains and losses are included in SG&A expenses or income taxes, as appropriate. The assets, liabilities, revenues and expenses of our foreign operations that are susceptible to foreign currency fluctuations are individually less than 10% of our respective consolidated amounts. Net remeasurement gains and losses have not been significant. We enter into forward contracts to hedge against unfavorable currency fluctuations in our monetary assets and liabilities in our European, Chinese and Canadian operations. These contracts are designed to minimize the effect of fluctuations in foreign currencies. To qualify for hedge accounting, contracts must reduce the foreign currency exchange rate and interest rate risk otherwise inherent in the amount and duration of the hedged exposures and comply with established risk management policies. Our derivative instruments are not designated as hedging instruments and, therefore, are recorded at fair value as an asset or liability, and any changes in fair value are recorded in our consolidated statements of operations. We do not use derivative financial instruments for speculative trading purposes. The fair values of our foreign exchange forward contracts in the consolidated balance sheets are shown in the table below: Derivatives Not Designated as Hedging Instruments Consolidated Balance Sheet Location November 30, 2015 May 31, 2015 Foreign exchange forward contracts Other assets $ 12 $ (16 ) The table below provides data about the amount of gains and losses recognized in income for derivative instruments not designated as hedging instruments: Derivatives Not Designated as Hedging Instruments Location of Gain/(Loss) Recognized in Income on Derivatives Three Months Ended November 30, 2015 Three Months Ended November 30, 2014 Foreign exchange forward contracts SG&A expenses $ 149 $ 508 Derivatives Not Designated as Hedging Instruments Location of Gain/(Loss) Recognized in Income on Derivatives Six Months Ended November 30, 2015 Six Months Ended November 30, 2014 Foreign exchange forward contracts SG&A expenses $ 177 $ 381 Other Assets We include demonstration equipment used in connection with our resale activity in other assets for a period of up to two years . Demonstration equipment is recorded at the lower of cost or estimated market value until the units are sold or transferred to our rental and lease equipment pool. Demonstration equipment transferred to our rental and lease equipment pool is depreciated over its remaining estimated useful life. We also have a Supplemental Executive Retirement Plan (“SERP”) that provides for automatic deferral of contributions in excess of the maximum amount permitted under the 401(k) for our executives who choose to participate. The SERP is a non-qualified deferred compensation program. We have the option to match contributions of participants at a rate we determine each year. Other assets consisted of the following: November 30, 2015 May 31, 2015 Demonstration equipment $ 4,937 $ 81 Net investment in sales-type leases 4,737 5,876 Prepaid expenses and other 3,677 4,265 SERP 3,274 3,521 Income taxes receivable 2,631 — $ 19,256 $ 13,743 Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board and the International Accounting Standards Board issued guidance to establish a new, more robust framework for the recognition of revenue related to the transfer of goods and services to customers. This guidance is effective for reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. The impact this guidance will have on the consolidated financial statements cannot be determined at this time. Other Comprehensive Income Comprehensive income is equivalent to net income for all periods presented. Out-of-period Adjustment During the second quarter of fiscal 2015, we identified $1.3 million of previously recognized revenue which the Company was not entitled to recognize. We determined this adjustment to be immaterial to our current and previously filed financial statements. We have recorded this out-of-period adjustment as a reduction to sales of equipment and other revenues and an increase to accrued expenses for the quarter ended November 30, 2014.

Cash and Cash Equivalents

Cash and Cash Equivalents	6 Months Ended
Cash and Cash Equivalents	Nov. 30, 2015
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents We consider highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents. We held no cash equivalents at November 30, 2015 and May 31, 2015 except for the money market funds that are part of our SERP assets.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Nov. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements We measure certain financial assets and liabilities at fair value on a recurring basis, including SERP assets and liabilities, and foreign currency derivatives. The fair value of financial assets and liabilities can be determined based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value, as follows: Level 1 – Observable inputs, such as quoted prices in active markets for identical assets or liabilities; Level 2 – Inputs, other than the quoted prices in active markets, that are observable either directly or through corroboration with observable market data; and Level 3 – Unobservable inputs, for which there is little or no market data for the assets or liabilities, such as those that may be used with internally-developed valuation models. Our assets and liabilities measured at fair value on a recurring basis were determined as follows: November 30, 2015 Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Balance Assets SERP Money market fund $ 35 $ — $ — $ 35 Mutual funds 3,239 — — 3,239 Foreign exchange forward contracts — 12 — 12 Total assets measured at fair value $ 3,274 $ 12 $ — $ 3,286 Liabilities SERP $ 3,274 $ — $ — $ 3,274 Total liabilities measured at fair value $ 3,274 $ — $ — $ 3,274 May 31, 2015 Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Balance Assets SERP Money market fund $ 166 $ — $ — $ 166 Mutual funds 3,355 — — 3,355 Total assets measured at fair value $ 3,521 $ — $ — $ 3,521 Liabilities SERP $ 3,521 $ — $ — $ 3,521 Foreign exchange forward contracts — 16 — 16 Total liabilities measured at fair value $ 3,521 $ 16 $ — $ 3,537 The fair value measures for our SERP assets and liabilities were derived from quoted market prices in active markets and are included in Level 1 inputs. Our SERP assets include money market and mutual funds, which we classify as trading securities. Foreign currency forward contracts were valued based on observable market spot and forward rates as of our reporting date and are included in Level 2 inputs.

Equity Incentive Plan

Equity Incentive Plan	6 Months Ended
Equity Incentive Plan	Nov. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity Incentive Plan	Equity Incentive Plan Our 2005 Equity Incentive Plan (the “Equity Incentive Plan”), as amended and restated, authorizes our Board of Directors to grant incentive and non-statutory stock option grants, stock appreciation rights, restricted stock awards, restricted stock units, performance unit awards and performance share awards covering a maximum of 1,000 shares of our common stock. Pursuant to the Equity Incentive Plan, we have granted restricted stock units to directors, officers and key employees. Restricted Stock Units Each vested restricted stock unit entitles the holder to be issued one share of common stock. The vested restricted stock units settle into common stock on the earliest of (i) the first January 1st after the fifth anniversary of the grant, (ii) a change of control, or (iii) termination of the holder’s employment or membership on our Board of Directors. Restricted stock units vest according to a vesting schedule determined by the Compensation Committee of our Board of Directors, generally over a one to three year period. The following table represents restricted stock unit activity for the six months ended November 30, 2015 : Restricted Stock Units Weighted – Average Grant Date Fair Value Nonvested at June 1, 2015 129 $ 16.75 Granted 182 11.24 Vested (71 ) 16.43 Forfeited/canceled (6 ) 16.72 Nonvested at November 30, 2015 234 $ 12.57 We granted 78 and 182 restricted stock units during the three and six months ended November 30, 2015 and 18 and 87 restricted stock units during the three and six months ended November 30, 2014 . Under the terms of our restricted stock unit agreements, nonvested restricted stock unit awards contain forfeitable rights to dividends. Because the dividends are forfeitable, the restricted stock units are defined as non-participating securities. As of November 30, 2015 , we have unrecognized share-based compensation cost of approximately $2,488 associated with restricted stock unit awards. This cost is expected to be recognized over a weighted-average period of approximately 2.2 years . We had 315 and 397 vested restricted stock units outstanding as of November 30, 2015 and 2014 , respectively, which receive dividends following vesting and are convertible to common shares five years after the grant date. Accounting for Share-Based Payments Accounting guidance requires all share-based payments to employees, including grants of restricted stock units, to be recognized as compensation expense in the consolidated financial statements based on their fair values. Compensation expense is recognized over the period that an employee provides service in exchange for the award, which is approximately three years . Forfeitures are estimated at the date of grant based on historical experience. We use the market price of our common stock on the date of grant to calculate the fair value of each grant of restricted stock units. We recorded $375 and $648 of share-based compensation as part of SG&A expenses for the three and six months ended November 30, 2015 and $361 and $649 for the three and six months ended November 30, 2014 . We receive a tax deduction for certain restricted stock units on the date the related shares are issued, generally for (1) the fair value of our common stock at the date of issuance and (2) for dividends paid on vested restricted stock units where the underlying shares have not been issued. Excess tax benefits are realized when restricted stock units are issued and the tax deductions (fair value at issuance) are greater than the compensation expense for financial reporting purposes (fair value at the date of grant). Shortfalls are realized when the fair value at issuance is less than the fair value at grant. For the six months ended November 30, 2015 and 2014, we realized a total excess tax benefit of $15 and $116 , respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
Goodwill and Other Intangible Assets	Nov. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in a business combination. Intangible assets resulting from the acquisitions of entities accounted for using the acquisition method of accounting are recorded at the estimated fair value of the assets acquired. Identifiable intangible assets consist of purchased customer relationships and trade names. Our goodwill and intangibles at November 30, 2015 are the result of our acquisition of Equipment Management Technology, Inc. on August 24, 2011, Telogy LLC on March 31, 2010, and Rush Computer Rentals, Inc. on January 31, 2006. The changes in carrying amount of goodwill and other intangible assets for the six months ended November 30, 2015 were as follows: Balance as of June 1, 2015 (net of amortization) Additions Amortization Balance as of November 30, 2015 Goodwill $ 3,109 $ — $ — $ 3,109 Trade name 411 — — 411 Customer relationships 333 — (59 ) 274 $ 3,853 $ — $ (59 ) $ 3,794 Goodwill is not deductible for tax purposes. We evaluate the recoverability of goodwill and indefinite-lived intangible assets annually as of May 31, and whenever events or changes in circumstances indicate to us that the carrying amount may not be recoverable. There were no conditions that indicated any impairment of goodwill or identifiable intangible assets as of November 30, 2015 and May 31, 2015 . Intangible assets with finite useful lives are amortized over their respective estimated useful lives. The following tables provide a summary of our intangible assets: November 30, 2015 Estimated Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Trade name — $ 411 $ — $ 411 Customer relationships 3-8 years 2,094 (1,820 ) 274 $ 2,505 $ (1,820 ) $ 685 May 31, 2015 Estimated Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Trade name — $ 411 $ — $ 411 Customer relationships 3-8 years 2,094 (1,761 ) 333 $ 2,505 $ (1,761 ) $ 744 Amortization expense related to intangible assets was $30 and $59 for the three and six months ended November 30, 2015 and $29 and $41 for the three and six months ended November 30, 2014 , respectively. Amortization expense for customer relationships is included in SG&A expenses. The following table provides estimated future amortization expense related to intangible assets as of November 30, 2015 : Year ending May 31, Future Amortization 2016 (remaining) $ 59 2017 118 2018 97 2019 — 2020 — $ 274

Borrowings

Borrowings	6 Months Ended
Borrowings	Nov. 30, 2015
Debt Disclosure [Abstract]
Borrowings	Borrowings On November 19, 2013, we entered into a credit agreement (the “Credit Agreement”) with J.P. Morgan Chase Bank, National Association (“JPM”), as administrative agent, J.P. Morgan Securities LLC, as sole bookrunner and sole lead arranger, and a syndicate of lenders. The Credit Agreement provides for a $25,000 revolving credit facility, including swingline loans and letters of credit. The Credit Agreement expires on November 30, 2017 . We have an option to increase the commitments under the Credit Agreement by up to an additional $25,000 , upon our request and subject to the lenders electing to increase their commitments or by means of the addition of new lenders. Borrowings under the Credit Agreement bear interest at a rate equal to, at our election, the applicable rate for a “Eurodollar Loan” or a “CB Floating Rate Loan.” Eurodollar Loan advances accrue interest at a per annum interest rate equal to (i) the quotient (rounded upwards to the next 1/16th of 1%) of (a) the applicable LIBO Rate, divided by (b) one minus the maximum aggregate reserve requirement (expressed as a decimal) imposed under Federal Reserve Board Regulation D (the “Adjusted LIBO Rate”), plus (ii) 0.75% . CB Floating Rate Loan advances accrue interest at a per annum interest rate equal to (i) the higher of (a) JPM’s Prime Rate or (b) the Adjusted LIBO Rate for a one month interest period plus 2.5% , minus (ii) 2.0% . In addition, we pay a commitment fee of 0.10% of the unused amount if the average borrowing under the Credit Agreement is less than or equal to $8,000 on a quarterly basis. The Credit Agreement contains customary affirmative and negative covenants (which are in some cases subject to certain exceptions), including, but not limited to, restrictions on the ability to incur additional indebtedness, create liens, make certain investments, make restricted payments, enter into or undertake certain liquidations, mergers, consolidations or acquisitions and dispose of assets or subsidiaries. In addition, the Credit Agreement requires us to maintain minimum earnings and tangible net worth. We were in compliance with all financial covenants at November 30, 2015 . We had no borrowings outstanding under the Credit Agreement at November 30, 2015 and $2,387 of borrowings outstanding at May 31, 2015. The weighted average interest rate under the line of credit was approximately 1.25% at May 31, 2015.

Sales-Type Leases

Sales-Type Leases	6 Months Ended
Sales-Type Leases	Nov. 30, 2015
Leases [Abstract]
Sales-Type Leases	Sales-Type Leases We have certain customer leases providing bargain purchase options, which are accounted for as sales-type leases. Interest income is recognized over the life of the lease using the effective interest method. The initial acceptance of customer finance arrangements is based on a review of each customer’s credit profile, which may include the review of third party credit reports, customer financial statements and/or bank verifications. We monitor the credit quality of our sales-type lease portfolio based on payment activity and the related finance lease receivable aging. This credit quality is assessed on a monthly basis. Our historical losses on finance lease receivables are insignificant, and therefore we do not have a specific allowance for credit losses. The minimum lease payments receivable and the net investment included in other assets for such leases were as follows: November 30, 2015 May 31, 2015 Gross minimum lease payments receivable $ 4,906 $ 6,109 Less – unearned interest (169 ) (233 ) Net investment in sales-type lease receivables $ 4,737 $ 5,876 The following table provides estimated future minimum lease payments by year related to sales-type leases: Year ending May 31, Future Payments 2016 (remaining) $ 2,357 2017 2,211 2018 320 2019 18 2020 — $ 4,906

Segment Reporting and Related D

Segment Reporting and Related Disclosures	6 Months Ended
Segment Reporting and Related Disclosures	Nov. 30, 2015
Segment Reporting [Abstract]
Segment Reporting and Related Disclosures	Segment Reporting and Related Disclosures Accounting guidance establishes reporting standards for an enterprise’s operating segments and related disclosures about its products, services, geographic areas and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available and is regularly evaluated by the chief operating decision maker in deciding how to allocate resources and in assessing performance. In order to determine our operating segments, we considered the following: an operating segment is a component of an enterprise (i) that engages in business activities from which it may earn revenues and incur expenses, (ii) whose operating results are regularly reviewed by the enterprise’s chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (iii) for which discrete financial information is available. In accordance with this guidance, we have identified two operating segments in our business: our T&M and DP businesses. In the past, we concluded that although we had separate operating segments for T&M and DP equipment, these two segments could be aggregated into a single reportable segment because they had similar economic characteristics and qualitative factors. However, as a result of a change in economic characteristics in fiscal 2015 in our T&M segment, primarily attributable to the expiration of the Keysight reseller agreement and greater competition in the marketplace, we concluded that we no longer expected similar economic characteristics and qualitative factors to continue in the future. As such, management determined that the operating segments should no longer be aggregated. Following the change in the composition of our reportable operating segments, we restated the segment information for fiscal 2015. Our equipment pool, based on acquisition cost, consisted of $417,562 of T&M equipment and $37,241 of DP equipment at November 30, 2015 and $434,963 of T&M equipment and $37,824 of DP equipment at May 31, 2015 . Additional segment asset information is not available. Revenues for these operating segments were as follows for the three months ended November 30, 2015 and 2014 : T&M DP Total 2015 Rentals and leases $ 27,467 $ 4,706 $ 32,173 Sales of equipment and other revenues 10,489 648 11,137 Segment and consolidated total $ 37,956 $ 5,354 $ 43,310 2014 Rentals and leases $ 28,789 $ 4,680 $ 33,469 Sales of equipment and other revenues 25,758 476 26,234 Segment and consolidated total $ 54,547 $ 5,156 $ 59,703 Revenues for these operating segments were as follows for the six months ended November 30, 2015 and 2014 : T&M DP Total 2015 Rentals and leases $ 54,597 $ 9,879 $ 64,476 Sales of equipment and other revenues 31,032 1,145 32,177 Segment and consolidated total $ 85,629 $ 11,024 $ 96,653 2014 Rentals and leases $ 58,038 $ 9,320 $ 67,358 Sales of equipment and other revenues 53,233 983 54,216 Segment and consolidated total $ 111,271 $ 10,303 $ 121,574 Depreciation of rental and lease equipment for these operating segments was as follows for the three and six months ended November 30, 2015 and 2014 : Three Months Ended November 30, 2015 2014 T&M $ 13,246 $ 13,603 DP 1,094 1,067 Segment and consolidated total $ 14,340 $ 14,670 Six Months Ended November 30, 2015 2014 T&M $ 26,695 $ 26,529 DP 2,246 2,056 Segment and consolidated total $ 28,941 $ 28,585 Amortization expense is not material and is included in SG&A expenses. We consider the marginal contribution as our measure of segment profit or loss. The marginal contribution is calculated as operating revenue less operating costs and direct and allocated SG&A expenses. Marginal contribution for these operating segments was as follows for the three and six months ended November 30, 2015 and 2014 : Three Months Ended November 30, 2015 2014 T&M $ 9,939 $ 12,735 DP 2,175 1,693 Total marginal contribution of operating segments 12,114 14,428 Deduct: Unallocated SG&A expenses 8,664 8,201 Add: Interest income (expense), net 78 79 Other income 13 1,390 Income before income taxes $ 3,541 $ 7,696 Six Months Ended November 30, 2015 2014 T&M $ 20,515 $ 26,453 DP 4,240 3,371 Total marginal contribution of operating segments 24,755 29,824 Deduct: Unallocated SG&A expenses 17,112 16,138 Add: Interest income (expense), net (164 ) 182 Other income 13 1,390 Income before income taxes $ 7,492 $ 15,258 No single customer accounted for more than 10% of total revenues during the six months ended November 30, 2015 and 2014 . We conduct rental, leasing and sales activities in foreign countries. Selected country information is presented below: Three Months Ended November 30, Six Months Ended November 30, 2015 2014 2015 2014 Revenues: 1 U.S. $ 35,576 $ 50,245 $ 79,923 $ 101,397 Other 2 7,734 9,458 16,730 20,177 Total $ 43,310 $ 59,703 $ 96,653 $ 121,574 As of November 30, 2015 May 31, 2015 Net Long-Lived Assets: 3 U.S. $ 180,978 $ 197,514 Other 2 49,102 47,277 Total $ 230,080 $ 244,791 1 Revenues by country are based on the shipping destination. 2 Other consists of countries other than the U.S. Each foreign country individually accounts for less than 10% of the total consolidated revenues and net long-lived assets. 3 Net long-lived assets include rental and lease equipment and other property, net of accumulated depreciation and amortization.

Computation of Earnings per Sha

Computation of Earnings per Share	6 Months Ended
Computation of Earnings per Share	Nov. 30, 2015
Earnings Per Share [Abstract]
Computation of Earnings per Share	Computation of Earnings per Share The following is a reconciliation of the denominator used in the computation of basic and diluted earnings per share for the three months ended November 30, 2015 and 2014 : Three Months Ended Six Months Ended 2015 2014 2015 2014 Denominator: Denominator for basic earnings per share - weighted average common shares outstanding (including shares issuable for vested restricted stock units) 24,440 24,404 24,426 24,380 Effect of unvested restricted stock units 7 4 7 13 Diluted shares used in per share calculation 24,447 24,408 24,433 24,393 Net income $ 2,190 $ 4,795 $ 4,660 $ 9,566 Earnings per share: Basic $ 0.09 $ 0.20 $ 0.19 $ 0.39 Diluted $ 0.09 $ 0.20 $ 0.19 $ 0.39 We did not include 113 shares in the calculation of diluted earnings per share for the three and six months ended November 30, 2015 and 83 for the three and six months ended November 31, 2014 as to do so would be antidilutive.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Nov. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We recognize a liability or asset for the deferred tax consequences of temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements. These temporary differences will result in taxable or deductible amounts in future years when reported amounts of the assets or liabilities are recovered or settled. The deferred tax assets are periodically reviewed for recoverability. Accounting guidance for uncertain tax positions prescribes a recognition threshold that a tax position is required to meet before being recognized in the financial statements and provides guidance on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition issues. We recognize the tax impact from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax impact recognized in the financial statements from such a position is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate resolution. We recognize interest, penalties and foreign currency gains and losses with respect to uncertain tax positions as components of our income tax provision. Accrued interest and penalties are included within accrued expenses in the consolidated balance sheet. Significant judgment is required in the identification of uncertain tax positions and in the estimation of penalties and interest on uncertain tax positions. There were no uncertain tax positions in fiscal 2016 and 2015 . We are subject to taxation in the U.S., as well as various state and foreign jurisdictions. We have substantially settled all income tax matters for the United States federal jurisdiction for years through fiscal 2011. Major state jurisdictions have been examined through fiscal years 2004 and 2005, and foreign jurisdictions have not been examined for their respective initial statutory periods of approximately 3 years.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Nov. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We are subject to legal proceedings and business disputes involving ordinary routine legal proceedings and claims incidental to our business. The ultimate legal and financial liability with respect to such matters generally cannot be estimated with certainty and requires the use of estimates in recording liabilities for potential litigation settlements or awards against us. Estimates for losses from litigation are made after consultation with outside counsel. If estimates of potential losses increase or the related facts and circumstances change in the future, we may be required to record either more or less litigation expense. We are not involved in any pending or threatened legal proceedings that we believe would reasonably be expected to have a material adverse effect on our financial condition, results of operations or cash flows.

Other Income

Other Income	6 Months Ended
Other Income	Nov. 30, 2015
Other Income and Expenses [Abstract]
Other Income	Other Income In the second quarter of fiscal 2015, we recognized other income from a $1.4 million settlement received as one of the plaintiffs in a class action lawsuit involving the purchase of certain computer products.

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Nov. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On December 14, 2015, our Board of Directors declared a quarterly cash dividend of $0.125 per common share. The dividend will be paid on January 8, 2016 to shareholders of record as of December 24, 2015 . On December 2, 2015, we entered into Amendment Number One to Credit Agreement (the “Credit Agreement Amendment”) with J.P. Morgan Chase Bank, National Association, as administrative agent, J.P. Morgan Securities LLC, as sole bookrunner and sole lead arranger, and a syndicate of lenders. The Credit Agreement Amendment extended the maturity date of the Credit Agreement from November 18, 2016 to November 30, 2017.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	Nov. 30, 2015
Accounting Policies [Abstract]
Revenue Recognition	Revenue Recognition We generate revenues primarily through the rental and leasing of test and measurement equipment (“T&M”) and personal computer-related data products equipment (“DP”) and through the sale of new and used equipment. Rental revenues comprise short term agreements that can be daily, weekly or monthly. Rental revenues are recognized in the month they are due on the accrual basis of accounting. We lease equipment under both operating and finance lease agreements. Our operating lease agreements have varying terms, typically one to three years. Upon lease termination, customers have the option to renew the lease term, purchase the equipment at fair market value, or continue to rent on a month-to-month basis. Our operating leases do not provide for contingent rentals. Revenues related to operating leases are recognized on a straight-line basis over the term of the lease. Negotiated lease early-termination charges are recognized upon receipt. Rentals and leases are primarily billed to customers in advance, and unearned billings are recorded as deferred revenue. We enter into finance leases as lessor for some of our equipment. Our finance lease agreements contain bargain purchase options and are accounted for as sale-type leases. Revenues from finance leases, which are recorded at the present value of the aggregate future lease payments, net of unearned interest, are included in sales of equipment and other revenues in our consolidated statements of operations. Unearned interest is recognized over the life of the finance lease term using the effective interest method. Our finance lease terms vary, and are typically one to three years. The net investment in finance leases, which represents the receivables due from lessees, net of unearned interest, is included in other assets in our consolidated balance sheets. Historically, we have not required security deposits based on our assessed credit risk within our customer base. Initial direct costs for operating and finance leases are insignificant. Sales of new equipment are recognized in the period in which the equipment is delivered and risk of loss passes to the customer, while sales of used equipment from our rental and lease equipment pool are recognized in the period in which the equipment is shipped and risk of loss passes to the customer. In the case of equipment sold to customers that is already on rent or on lease to the same party, revenue is recognized at the agreed-upon date when the rent or lease term ends and the risk of loss passes to the customer. The amount of revenue recognized for sales of new equipment depends on whether we sell as principal or as agent for the original equipment manufacturer. Prior to May 31, 2015, our sales of new equipment were derived primarily from the reseller agreement with Keysight Technologies, Inc. In fiscal 2016, we were able to enter into reseller agreements with other T&M equipment manufacturers, including Anritsu, Inc. ("Anritsu") and Rohde & Schwarz Gmbh & Co. KG ("Rohde & Schwarz"). Under the terms of the agreements we act as the principal with respect to sales of new equipment, based on several factors, including: (1) We act as the primary obligor by working directly with our customers to define their needs, providing them with options to satisfy such needs, contracting directly with the customer, and, to the extent required, providing customers with instruction on the use of the product and additional technical support once the product is received by the customer. The original equipment manufacturer is not a party to our customer sales agreements, nor is it referenced in the agreements, and therefore has no obligation to our customers with the exception of the manufacturer’s standard warranty on the product; (2) We bear back-end risk of inventory loss with respect to any product return from the customer as the original equipment manufacturer is not required to accept returns of equipment from us. Under the reseller agreement with Keysight, we also bore front-end risk of inventory loss in those cases where we acquired products for resale into our equipment pool prior to shipment to customers; (3) We have full discretion in setting pricing terms with our customers and negotiate all such terms ourselves; and (4) We assume all credit risk. In situations where we act as principal, the gross sales of new equipment are recorded in sales of equipment and other revenues, while the related equipment costs, including the purchase price from the original equipment manufacturer, are recorded in costs of sales of equipment and other revenues in our consolidated statements of operations. We are currently establishing new resale relationships, where we may act as an agent for the original equipment manufacturer. Under those arrangements, we recognize revenue only on the commissions that we receive, which are recorded in other revenue within the sales of equipment and other revenues in our consolidated statement of operations. Other revenues, which primarily include billings to customers for delivery and repairs, are recognized in the period in which the respective services are performed.
Operating expenses	Operating Expenses Costs of rentals and leases, excluding depreciation, primarily include labor related costs of our operations personnel, supplies, repairs, insurance and warehousing costs associated with our rental and lease equipment, relating to our rental and lease revenues. Costs of rentals and leases included impairment charges of $0 and $443 related to our T&M rental and lease equipment during the three and six months ended November 30, 2015 . No impairments occurred for the three and six months ended November 30, 2014. Costs of sales of equipment and other revenues primarily include the cost of new equipment and the carrying value of used equipment sold. Selling, general and administrative (“SG&A”) expenses include sales and advertising costs, payroll and related benefit costs, insurance expenses, property taxes on our property and rental and lease equipment, legal and professional fees, and administrative overhead. Advertising costs are expensed as incurred.
Foreign Currency	Foreign Currency The U.S. dollar has been determined to be the functional currency of all foreign subsidiaries. The euro, Canadian dollar and Chinese yuan are our primary foreign currencies. The assets and liabilities of our foreign subsidiaries are remeasured from their local currency to U.S. dollars at current or historic exchange rates, as appropriate. Revenues and expenses are remeasured from any foreign currencies to U.S. dollars using historic or average monthly exchange rates, as appropriate, for the month in which the transaction occurred. Remeasurement gains and losses are included in SG&A expenses or income taxes, as appropriate. The assets, liabilities, revenues and expenses of our foreign operations that are susceptible to foreign currency fluctuations are individually less than 10% of our respective consolidated amounts. Net remeasurement gains and losses have not been significant. We enter into forward contracts to hedge against unfavorable currency fluctuations in our monetary assets and liabilities in our European, Chinese and Canadian operations. These contracts are designed to minimize the effect of fluctuations in foreign currencies. To qualify for hedge accounting, contracts must reduce the foreign currency exchange rate and interest rate risk otherwise inherent in the amount and duration of the hedged exposures and comply with established risk management policies. Our derivative instruments are not designated as hedging instruments and, therefore, are recorded at fair value as an asset or liability, and any changes in fair value are recorded in our consolidated statements of operations. We do not use derivative financial instruments for speculative trading purposes.
Other Assets	Other Assets We include demonstration equipment used in connection with our resale activity in other assets for a period of up to two years . Demonstration equipment is recorded at the lower of cost or estimated market value until the units are sold or transferred to our rental and lease equipment pool. Demonstration equipment transferred to our rental and lease equipment pool is depreciated over its remaining estimated useful life. We also have a Supplemental Executive Retirement Plan (“SERP”) that provides for automatic deferral of contributions in excess of the maximum amount permitted under the 401(k) for our executives who choose to participate. The SERP is a non-qualified deferred compensation program. We have the option to match contributions of participants at a rate we determine each year.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board and the International Accounting Standards Board issued guidance to establish a new, more robust framework for the recognition of revenue related to the transfer of goods and services to customers. This guidance is effective for reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. The impact this guidance will have on the consolidated financial statements cannot be determined at this time.
Other Comprehensive Income	Other Comprehensive Income Comprehensive income is equivalent to net income for all periods presented.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	6 Months Ended
Basis of Presentation (Tables)	Nov. 30, 2015
Accounting Policies [Abstract]
Fair Value of Foreign Exchange Forward Contracts	The fair values of our foreign exchange forward contracts in the consolidated balance sheets are shown in the table below: Derivatives Not Designated as Hedging Instruments Consolidated Balance Sheet Location November 30, 2015 May 31, 2015 Foreign exchange forward contracts Other assets $ 12 $ (16 )
Losses Recognized in Income for Derivative Instruments	The table below provides data about the amount of gains and losses recognized in income for derivative instruments not designated as hedging instruments: Derivatives Not Designated as Hedging Instruments Location of Gain/(Loss) Recognized in Income on Derivatives Three Months Ended November 30, 2015 Three Months Ended November 30, 2014 Foreign exchange forward contracts SG&A expenses $ 149 $ 508 Derivatives Not Designated as Hedging Instruments Location of Gain/(Loss) Recognized in Income on Derivatives Six Months Ended November 30, 2015 Six Months Ended November 30, 2014 Foreign exchange forward contracts SG&A expenses $ 177 $ 381
Summary of Other Assets	Other assets consisted of the following: November 30, 2015 May 31, 2015 Demonstration equipment $ 4,937 $ 81 Net investment in sales-type leases 4,737 5,876 Prepaid expenses and other 3,677 4,265 SERP 3,274 3,521 Income taxes receivable 2,631 — $ 19,256 $ 13,743

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Nov. 30, 2015
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	Our assets and liabilities measured at fair value on a recurring basis were determined as follows: November 30, 2015 Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Balance Assets SERP Money market fund $ 35 $ — $ — $ 35 Mutual funds 3,239 — — 3,239 Foreign exchange forward contracts — 12 — 12 Total assets measured at fair value $ 3,274 $ 12 $ — $ 3,286 Liabilities SERP $ 3,274 $ — $ — $ 3,274 Total liabilities measured at fair value $ 3,274 $ — $ — $ 3,274 May 31, 2015 Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Balance Assets SERP Money market fund $ 166 $ — $ — $ 166 Mutual funds 3,355 — — 3,355 Total assets measured at fair value $ 3,521 $ — $ — $ 3,521 Liabilities SERP $ 3,521 $ — $ — $ 3,521 Foreign exchange forward contracts — 16 — 16 Total liabilities measured at fair value $ 3,521 $ 16 $ — $ 3,537

Equity Incentive Plan (Tables)

Equity Incentive Plan (Tables)	6 Months Ended
Equity Incentive Plan (Tables)	Nov. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Restricted Stock Unit Activity	The following table represents restricted stock unit activity for the six months ended November 30, 2015 : Restricted Stock Units Weighted – Average Grant Date Fair Value Nonvested at June 1, 2015 129 $ 16.75 Granted 182 11.24 Vested (71 ) 16.43 Forfeited/canceled (6 ) 16.72 Nonvested at November 30, 2015 234 $ 12.57

Goodwill and Other Intangible23

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
Goodwill and Other Intangible Assets (Tables)	Nov. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Carrying Amount of Goodwill and Other Intangible Assets	The changes in carrying amount of goodwill and other intangible assets for the six months ended November 30, 2015 were as follows: Balance as of June 1, 2015 (net of amortization) Additions Amortization Balance as of November 30, 2015 Goodwill $ 3,109 $ — $ — $ 3,109 Trade name 411 — — 411 Customer relationships 333 — (59 ) 274 $ 3,853 $ — $ (59 ) $ 3,794
Summary of Intangible Assets	The following tables provide a summary of our intangible assets: November 30, 2015 Estimated Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Trade name — $ 411 $ — $ 411 Customer relationships 3-8 years 2,094 (1,820 ) 274 $ 2,505 $ (1,820 ) $ 685 May 31, 2015 Estimated Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Trade name — $ 411 $ — $ 411 Customer relationships 3-8 years 2,094 (1,761 ) 333 $ 2,505 $ (1,761 ) $ 744
Estimated Future Amortization Expense Related to Intangible Assets	The following table provides estimated future amortization expense related to intangible assets as of November 30, 2015 : Year ending May 31, Future Amortization 2016 (remaining) $ 59 2017 118 2018 97 2019 — 2020 — $ 274

Sales-Type Leases (Tables)

Sales-Type Leases (Tables)	6 Months Ended
Sales-Type Leases (Tables)	Nov. 30, 2015
Leases [Abstract]
Minimum Lease Payments Receivable and Net Investment	The minimum lease payments receivable and the net investment included in other assets for such leases were as follows: November 30, 2015 May 31, 2015 Gross minimum lease payments receivable $ 4,906 $ 6,109 Less – unearned interest (169 ) (233 ) Net investment in sales-type lease receivables $ 4,737 $ 5,876
Estimated Future Minimum Lease Payments Receivable Related to Sales-Type Leases	The following table provides estimated future minimum lease payments by year related to sales-type leases: Year ending May 31, Future Payments 2016 (remaining) $ 2,357 2017 2,211 2018 320 2019 18 2020 — $ 4,906

Segment Reporting and Related25

Segment Reporting and Related Disclosures (Tables)	6 Months Ended
Segment Reporting and Related Disclosures (Tables)	Nov. 30, 2015
Segment Reporting [Abstract]
Revenues from Rental, Lease and Sale Group	Revenues for these operating segments were as follows for the three months ended November 30, 2015 and 2014 : T&M DP Total 2015 Rentals and leases $ 27,467 $ 4,706 $ 32,173 Sales of equipment and other revenues 10,489 648 11,137 Segment and consolidated total $ 37,956 $ 5,354 $ 43,310 2014 Rentals and leases $ 28,789 $ 4,680 $ 33,469 Sales of equipment and other revenues 25,758 476 26,234 Segment and consolidated total $ 54,547 $ 5,156 $ 59,703 Revenues for these operating segments were as follows for the six months ended November 30, 2015 and 2014 : T&M DP Total 2015 Rentals and leases $ 54,597 $ 9,879 $ 64,476 Sales of equipment and other revenues 31,032 1,145 32,177 Segment and consolidated total $ 85,629 $ 11,024 $ 96,653 2014 Rentals and leases $ 58,038 $ 9,320 $ 67,358 Sales of equipment and other revenues 53,233 983 54,216 Segment and consolidated total $ 111,271 $ 10,303 $ 121,574 Depreciation of rental and lease equipment for these operating segments was as follows for the three and six months ended November 30, 2015 and 2014 : Three Months Ended November 30, 2015 2014 T&M $ 13,246 $ 13,603 DP 1,094 1,067 Segment and consolidated total $ 14,340 $ 14,670 Six Months Ended November 30, 2015 2014 T&M $ 26,695 $ 26,529 DP 2,246 2,056 Segment and consolidated total $ 28,941 $ 28,585
Schedule of Segment Reporting Information, by Segment	Marginal contribution for these operating segments was as follows for the three and six months ended November 30, 2015 and 2014 : Three Months Ended November 30, 2015 2014 T&M $ 9,939 $ 12,735 DP 2,175 1,693 Total marginal contribution of operating segments 12,114 14,428 Deduct: Unallocated SG&A expenses 8,664 8,201 Add: Interest income (expense), net 78 79 Other income 13 1,390 Income before income taxes $ 3,541 $ 7,696 Six Months Ended November 30, 2015 2014 T&M $ 20,515 $ 26,453 DP 4,240 3,371 Total marginal contribution of operating segments 24,755 29,824 Deduct: Unallocated SG&A expenses 17,112 16,138 Add: Interest income (expense), net (164 ) 182 Other income 13 1,390 Income before income taxes $ 7,492 $ 15,258
Revenues from External Customers and Long-Lived Assets, by Geographical Areas	Selected country information is presented below: Three Months Ended November 30, Six Months Ended November 30, 2015 2014 2015 2014 Revenues: 1 U.S. $ 35,576 $ 50,245 $ 79,923 $ 101,397 Other 2 7,734 9,458 16,730 20,177 Total $ 43,310 $ 59,703 $ 96,653 $ 121,574 As of November 30, 2015 May 31, 2015 Net Long-Lived Assets: 3 U.S. $ 180,978 $ 197,514 Other 2 49,102 47,277 Total $ 230,080 $ 244,791 1 Revenues by country are based on the shipping destination. 2 Other consists of countries other than the U.S. Each foreign country individually accounts for less than 10% of the total consolidated revenues and net long-lived assets. 3 Net long-lived assets include rental and lease equipment and other property, net of accumulated depreciation and amortization.

Computation of Earnings per S26

Computation of Earnings per Share (Tables)	6 Months Ended
Computation of Earnings per Share (Tables)	Nov. 30, 2015
Earnings Per Share [Abstract]
Reconciliation of Denominator Used in Computation of Basic and Diluted Earnings per Share	The following is a reconciliation of the denominator used in the computation of basic and diluted earnings per share for the three months ended November 30, 2015 and 2014 : Three Months Ended Six Months Ended 2015 2014 2015 2014 Denominator: Denominator for basic earnings per share - weighted average common shares outstanding (including shares issuable for vested restricted stock units) 24,440 24,404 24,426 24,380 Effect of unvested restricted stock units 7 4 7 13 Diluted shares used in per share calculation 24,447 24,408 24,433 24,393 Net income $ 2,190 $ 4,795 $ 4,660 $ 9,566 Earnings per share: Basic $ 0.09 $ 0.20 $ 0.19 $ 0.39 Diluted $ 0.09 $ 0.20 $ 0.19 $ 0.39

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Summary Of Significant Accounting Policies [Line Items]
Rental and lease equipment impairment			$ 443	$ 0
Advertising expenses	$ 373	$ 250	590	419
Shipping and handling cost	929	$ 1,085	$ 1,873	2,121
Assets, liabilities, revenues and expenses of foreign subsidiaries			0.1
Restatement of Prior Year Income, Gross				$ 1,300
Minimum
Summary Of Significant Accounting Policies [Line Items]
Operating lease agreements Period			1 year
Finance lease agreements Period			1 year
Maximum
Summary Of Significant Accounting Policies [Line Items]
Operating lease agreements Period			3 years
Finance lease agreements Period			3 years
Period for demonstration equipment included in other assets			2 years
T&M
Summary Of Significant Accounting Policies [Line Items]
Rental and lease equipment impairment	$ 0		$ 443

Basis of Presentation - Fair Va

Basis of Presentation - Fair Value of Foreign Exchange Forward Contracts (Detail) - USD ($) $ in Thousands	Nov. 30, 2015	May. 31, 2015
Derivatives Not Designated as Hedging Instruments \| Foreign exchange forward contracts \| Other assets
Derivatives Not Designated as Hedging Instruments
Foreign exchange forward contracts Other assets	$ 12	$ (16)

Basis of Presentation - Losses

Basis of Presentation - Losses Recognized in Income for Derivative Instruments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Foreign exchange forward contracts \| Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized in income for derivative instruments	$ 149	$ 508	$ 177	$ 381

Basis of Presentation - Summary

Basis of Presentation - Summary of Other Assets (Detail) - USD ($) $ in Thousands	Nov. 30, 2015	May. 31, 2015
Accounting Policies [Abstract]
Demonstration equipment	$ 4,937	$ 81
Net investment in sales-type leases	4,737	5,876
Prepaid expenses and other	3,677	4,265
SERP	3,274	3,521
Income taxes receivable	2,631	0
Total other assets	$ 19,256	$ 13,743

Fair Value Measurements (Detail

Fair Value Measurements (Detail) - USD ($) $ in Thousands	Nov. 30, 2015	May. 31, 2015
Assets
Supplemental executive retirement plan	$ 3,274	$ 3,521
Fair Value, Measurements, Recurring
Assets
Total assets measured at fair value	3,286	3,521
Liabilities
Supplemental executive retirement plan liabilities	3,274	3,521
Total liabilities measured at fair value	3,274	3,537
Fair Value, Measurements, Recurring \| Foreign exchange forward contracts
Assets
Foreign exchange forward contracts	12
Liabilities
Foreign exchange forward contracts		16
Fair Value, Measurements, Recurring \| Money market funds \| Supplemental executive retirement plan
Assets
Supplemental executive retirement plan	35	166
Fair Value, Measurements, Recurring \| Mutual funds \| Supplemental executive retirement plan
Assets
Supplemental executive retirement plan	3,239	3,355
Fair Value, Measurements, Recurring \| Quoted Prices in Active Markets for Identical Instruments (Level 1)
Assets
Total assets measured at fair value	3,274	3,521
Liabilities
Supplemental executive retirement plan liabilities	3,274	3,521
Total liabilities measured at fair value	3,274	3,521
Fair Value, Measurements, Recurring \| Quoted Prices in Active Markets for Identical Instruments (Level 1) \| Foreign exchange forward contracts
Assets
Foreign exchange forward contracts	0
Liabilities
Foreign exchange forward contracts		0
Fair Value, Measurements, Recurring \| Quoted Prices in Active Markets for Identical Instruments (Level 1) \| Money market funds \| Supplemental executive retirement plan
Assets
Supplemental executive retirement plan	35	166
Fair Value, Measurements, Recurring \| Quoted Prices in Active Markets for Identical Instruments (Level 1) \| Mutual funds \| Supplemental executive retirement plan
Assets
Supplemental executive retirement plan	3,239	3,355
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Assets
Total assets measured at fair value	12	0
Liabilities
Supplemental executive retirement plan liabilities	0	0
Total liabilities measured at fair value	0	16
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Foreign exchange forward contracts
Assets
Foreign exchange forward contracts	12
Liabilities
Foreign exchange forward contracts		16
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Money market funds \| Supplemental executive retirement plan
Assets
Supplemental executive retirement plan	0	0
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2) \| Mutual funds \| Supplemental executive retirement plan
Assets
Supplemental executive retirement plan	0	0
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3)
Assets
Total assets measured at fair value	0	0
Liabilities
Supplemental executive retirement plan liabilities	0	0
Total liabilities measured at fair value	0	0
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3) \| Foreign exchange forward contracts
Assets
Foreign exchange forward contracts	0
Liabilities
Foreign exchange forward contracts		0
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3) \| Money market funds \| Supplemental executive retirement plan
Assets
Supplemental executive retirement plan	0	0
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3) \| Mutual funds \| Supplemental executive retirement plan
Assets
Supplemental executive retirement plan	$ 0	$ 0

Equity Incentive Plan - Additio

Equity Incentive Plan - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected period to recognize the unrecognized share based compensation cost			3 years
Selling, general and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share based compensation	$ 375	$ 361	$ 648	$ 649
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted (in shares)	78,000	18,000	182,000	87,000
Unrecognized share based compensation cost	$ 2,488		$ 2,488
Expected period to recognize the unrecognized share based compensation cost			2 years 2 months 6 days
Vested restricted stock units	315,000	397,000	315,000	397,000
Exercise of conversion right, period			5 years
Total excess tax benefit (shortfall) realized			$ 15	$ 116
2005 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares authorized	1,000,000		1,000,000

Equity Incentive Plan - Summary

Equity Incentive Plan - Summary of Restricted Stock Unit Activity (Detail) - Restricted Stock Units - $ / shares shares in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Restricted Stock Units
Nonvested at June 1, 2015 (in shares)			129
Granted (in shares)	78	18	182	87
Vested (in shares)			(71)
Forfeited/canceled (in shares)			(6)
Nonvested at August 31, 2015 (in shares)	234		234
Weighted – Average Grant Date Fair Value
Nonvested at June 1, 2015 (in dollars per share)			$ 16.75
Granted (in dollars per share)			11.24
Vested (in dollars per share)			16.43
Forfeited/canceled (in dollars per share)			16.72
Nonvested at August 31, 2015 (in dollars per share)	$ 12.57		$ 12.57

Goodwill and Other Intangible34

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense of intangible assets	$ 30	$ 29	$ 59	$ 41

Goodwill and Other Intangible35

Goodwill and Other Intangible Assets - Changes in Carrying Amount of Goodwill and Other Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Goodwill [Roll Forward]
Balance as of June 1, 2015 (net of amortization)			$ 3,109
Additions			0
Balance as of November 30, 2015	$ 3,109		3,109
Customer Relationships [Roll Forward]
Amortization	(30)	$ (29)	(59)	$ (41)
Balance as of November 30, 2015	274
Goodwill and Other Intangible Assets [Roll Forward]
Balance as of June 1, 2015 (net of amortization)			3,853
Additions			0
Amortization	(30)	$ (29)	(59)	$ (41)
Balance as of November 30, 2015	3,794		3,794
Customer relationships
Customer Relationships [Roll Forward]
Balance as of June 1, 2015 (net of amortization)			333
Additions			0
Amortization			(59)
Balance as of November 30, 2015	274		333
Goodwill and Other Intangible Assets [Roll Forward]
Amortization			(59)
Trade name
Trade Name [Roll Forward]
Balance as of June 1, 2015 (net of amortization)			411
Additions			0
Balance as of November 30, 2015	$ 411		$ 411

Goodwill and Other Intangible36

Goodwill and Other Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended
	Nov. 30, 2015	May. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,505	$ 2,505
Accumulated Amortization	(1,820)	(1,761)
Customer relationships, Net Carrying Amount	274
Net Carrying Amount	685	744
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Customer relationships, Gross Carrying Amount	2,094	2,094
Accumulated Amortization	(1,820)	(1,761)
Customer relationships, Net Carrying Amount	$ 274	333
Customer relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life	3 years
Customer relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life	8 years
Trade name
Finite-Lived Intangible Assets [Line Items]
Trade names, Gross Carrying Amount	$ 411	411
Trade names, Net Carrying Amount	$ 411	$ 411

Goodwill and Other Intangible37

Goodwill and Other Intangible Assets - Estimated Future Amortization Expense Related to Intangible Assets (Detail) $ in Thousands	Nov. 30, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2016 (remaining)	$ 59
2,017	118
2,018	97
2,019	0
2,020	0
Customer relationships, Net Carrying Amount	$ 274

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) - USD ($)	Nov. 19, 2013	Nov. 30, 2015	May. 31, 2015
Line of Credit Facility [Line Items]
Additional borrowing capacity under Credit Agreement	$ 25,000,000
Credit Agreement
Line of Credit Facility [Line Items]
Borrowing outstanding		$ 0	$ 2,387,000
Weighted average interest rate			1.25%
JP Morgan Chase Bank \| Credit Agreement
Line of Credit Facility [Line Items]
Current borrowing capacity under Credit Agreement	$ 25,000,000
JP Morgan Chase Bank \| Credit Agreement \| Eurodollar
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.75%
Commitment fee percentage on unused capacity	0.10%
JP Morgan Chase Bank \| Credit Agreement \| CB Floating Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.50%
JP Morgan Chase Bank \| Credit Agreement \| Adjusted LIBO Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.00%
JP Morgan Chase Bank \| Credit Agreement \| Maximum \| Eurodollar
Line of Credit Facility [Line Items]
Commitment fee threshold on unused capacity	$ 8,000,000

Sales-Type Leases - Minimum Lea

Sales-Type Leases - Minimum Lease Payments Receivable and Net Investment (Detail) - USD ($) $ in Thousands	Nov. 30, 2015	May. 31, 2015
Leases [Abstract]
Gross minimum lease payments receivable	$ 4,906	$ 6,109
Less – unearned interest	(169)	(233)
Net investment in sales-type lease receivables	$ 4,737	$ 5,876

Sales-Type Leases - Estimated F

Sales-Type Leases - Estimated Future Minimum Lease Payments Receivable Related to Sales-Type Leases (Detail) $ in Thousands	Nov. 30, 2015USD ($)
Leases [Abstract]
2016 (remaining)	$ 2,357
2,017	2,211
2,018	320
2,019	18
2,020	0
Total intangible assets	$ 4,906

Segment Reporting and Related41

Segment Reporting and Related Disclosures - Additional Information (Detail) $ in Thousands	6 Months Ended
	Nov. 30, 2015USD ($)SegmentCustomer	Nov. 30, 2014Customer	May. 31, 2015USD ($)
Revenue from External Customer [Line Items]
Number of operating segment \| Segment	2
Number of major customer accounted for more than 10% of total revenues \| Customer	0	0
DP
Revenue from External Customer [Line Items]
Equipment pool, based on acquisition cost	$ 37,241		$ 37,824
T&M
Revenue from External Customer [Line Items]
Equipment pool, based on acquisition cost	$ 417,562		$ 434,963

Segment Reporting and Related42

Segment Reporting and Related Disclosures - Revenues from Rental, Lease and Sale Group (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Revenue from External Customer [Line Items]
Rentals and leases		$ 32,173	$ 33,469	$ 64,476	$ 67,358
Sales of equipment and other revenues		11,137	26,234	32,177	54,216
Total revenues	[1]	43,310	59,703	96,653	121,574
Depreciation		14,340	14,670	28,941	28,585
T&M \| Operating Segments
Revenue from External Customer [Line Items]
Rentals and leases		27,467	28,789	54,597	58,038
Sales of equipment and other revenues		10,489	25,758	31,032	53,233
Total revenues		37,956	54,547	85,629	111,271
Depreciation		13,246	13,603	26,695	26,529
DP \| Operating Segments
Revenue from External Customer [Line Items]
Rentals and leases		4,706	4,680	9,879	9,320
Sales of equipment and other revenues		648	476	1,145	983
Total revenues		5,354	5,156	11,024	10,303
Depreciation		$ 1,094	$ 1,067	$ 2,246	$ 2,056

[1]	Revenues by country are based on the shipping destination.

Segment Reporting and Related43

Segment Reporting and Related Disclosures - Marginal Contribution by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Segment Reporting Information [Line Items]
Marginal contribution	$ 12,114	$ 14,428	$ 24,755	$ 29,824
Unallocated SG&A expenses	8,664	8,201	17,112	16,138
Interest income/(expense), net	78	79	(164)	182
Other income	13	1,390	13	1,390
Income before income taxes	3,541	7,696	7,492	15,258
Operating Segments \| T&M
Segment Reporting Information [Line Items]
Marginal contribution	9,939	12,735	20,515	26,453
Operating Segments \| DP
Segment Reporting Information [Line Items]
Marginal contribution	$ 2,175	$ 1,693	$ 4,240	$ 3,371

Segment Reporting and Related44

Segment Reporting and Related Disclosures - Revenues from External Customers and Long-Lived Assets, by Geographical Areas (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014	May. 31, 2015
Revenues:
Total revenues	[1]	$ 43,310	$ 59,703	$ 96,653	$ 121,574
Net Long-Lived Assets:
Total net long-lived assets	[2]	230,080		230,080		$ 244,791
U.S.
Revenues:
Total revenues	[1]	35,576	50,245	79,923	101,397
Net Long-Lived Assets:
Total net long-lived assets	[2]	180,978		180,978		197,514
Other
Revenues:
Total revenues	[1],[3]	7,734	$ 9,458	16,730	$ 20,177
Net Long-Lived Assets:
Total net long-lived assets	[2],[3]	$ 49,102		$ 49,102		$ 47,277

[1]	Revenues by country are based on the shipping destination.
[2]	Net long-lived assets include rental and lease equipment and other property, net of accumulated depreciation and amortization.
[3]	Other consists of countries other than the U.S. Each foreign country individually accounts for less than 10% of the total consolidated revenues and net long-lived assets.

Computation of Earnings per S45

Computation of Earnings per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Denominator:
Denominator for basic earnings per share - weighted average common shares outstanding (including shares issuable for vested restricted stock units)	24,440	24,404	24,426	24,380
Effect of unvested restricted stock units	7	4	7	13
Diluted shares used in per share calculation	24,447	24,408	24,433	24,393
Net income	$ 2,190	$ 4,795	$ 4,660	$ 9,566
Earnings per share:
Basic (in dollars per share)	$ 0.09	$ 0.20	$ 0.19	$ 0.39
Diluted (in dollars per share)	$ 0.09	$ 0.20	$ 0.19	$ 0.39
Antidilutive securities excluded from computation of earnings per share (shares)	113	83	113	83

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	6 Months Ended
Income Taxes - Additional Information (Detail)	Nov. 30, 2015
Income Tax Disclosure [Abstract]
Tax impact realization likelihood percentage	50.00%

Other Income (Details)

Other Income (Details) $ in Millions	6 Months Ended
Other Income (Details) $ in Millions	Nov. 30, 2014USD ($)
Other Income [Member]
Gain Contingencies [Line Items]
Proceeds from Legal Settlements	$ 1.4

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - $ / shares	Dec. 14, 2015	Nov. 30, 2015	Nov. 30, 2014	Nov. 30, 2015	Nov. 30, 2014
Subsequent Event [Line Items]
Dividends declared per share (in dollars per share)		$ 0.125	$ 0.20	$ 0.25	$ 0.40
Subsequent Event
Subsequent Event [Line Items]
Dividends declared per share (in dollars per share)	$ 0.125
Dividends payable, date to be paid	Jan. 8, 2016
Dividends payable, date of record	Dec. 24, 2015