Note 4 - Related Party Transactions
12 Months Ended
May. 31, 2015
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
 

4.

RELATED PARTY TRANSACTIONS


In connection with the Immucor Acquisition in fiscal 2012, the Company entered into a management services agreement with TPG Capital, L.P. (the “Sponsor”). Pursuant to such agreement, and in exchange for on-going consulting and management advisory services that will be provided to the Company, the Sponsor receives an aggregate annual monitoring fee of approximately $3.0 million.  In the fiscal 2015, 2014 and 2013 periods, approximately $3.7 million, $3.9 million, and $4.4 million, respectively, was recorded for monitoring fees, additional services provided by the Sponsor, and out-of-pocket expenses and is included in general and administrative expenses in the consolidated statements of operations. At May 31, 2015 and 2014, the Company owed $0.7 million and $0.9 million, respectively, to the Sponsor for these fees and expenses.