Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

Share-Based Compensation (Tables)

9 Months Ended

Feb. 29, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation Expense

The Company recognized share-based compensation expense as follows:



	Three Months Ended February 29 and 28,				Nine Months Ended February 29 and 28,
	2016		2015		2016		2015
Share-based compensation for employee awards	$	1,354	$	1,384	$	3,403	$	4,333
Share-based compensation for non-employee awards	368		274		753		602
Total share-based compensation	$	1,722	$	1,658	$	4,156	$	4,935

Schedule of Assumptions Used for Options Granted to Acquire Common Shares and the Fair Value at the Date of Grant

The assumptions used for options granted to acquire Common Shares and the fair value at the date of grant under the Omnibus Equity Incentive Plan is noted in the following table:



		Nine Months Ended February 29, 2016
Weighted average expected term (in years)		6.7
Weighted average expected volatility		30.54%
Weighted average risk-free interest rate		1.68%
Weighted average forfeiture rate		1.78%
Expected dividend yield		—%
Weighted average fair value per option granted		$3.64

The assumptions used for options granted to acquire Common Shares and the fair value at the date of grant for the Employee Inducement Award is noted in the following table:



		Nine Months Ended February 29, 2016
Weighted average expected term (in years)		6.3
Weighted average expected volatility		32.14%
Weighted average risk-free interest rate		1.64%
Weighted average forfeiture rate		3.07%
Expected dividend yield		—%
Weighted average fair value per option granted		$2.21

Summary of Information Concerning Stock Option Activity Under the Omnibus Equity Incentive Plan for Options to Acquire Common Shares

Information concerning options activity under the Omnibus Equity Incentive Plan for options to acquire Common Shares is summarized as follows:



	Nine Months Ended February 29, 2016
	Number of Options		Weighted-Average Exercise Price
Outstanding, beginning of period	—		$	—
Granted	1,293,178		12.45
Forfeited	(29,650	)	10.54
Outstanding, end of period	1,263,528		$	12.50
Options vested and expected to vest, end of period	1,241,350		$	12.50
Options exercisable, end of period	—		$	—

Schedule of Information Concerning RSUs Activity Under the Omnibus Equity Incentive Plan

Information concerning RSUs activity under the Omnibus Equity Incentive Plan is summarized as follows:



	Nine Months Ended February 29, 2016
	Number of RSUs		Weighted-Average Fair Value
Outstanding, beginning of period	—		$	—
Granted	307,433		12.33
Forfeited	(9,155	)	10.37
Outstanding, end of period	298,278		$	12.21
Vested, end of period	—		$	—