Share-Based Payment Arrangement [Abstract]

Schedule of Assumptions Used to Determine Fair Value of Stock Options

The weighted average fair value of stock options granted in fiscal 2023, fiscal 2022 and fiscal 2021 was based on the following weighted average assumptions:


	2023			2022			2021
Dividend yield		2.33	%		2.10	%		2.94	%
Expected volatility		41.63	%		41.62	%		40.82	%
Risk-free interest rate		3.19	%		1.10	%		0.43	%
Expected life (years)		6.0			6.0			6.0

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range


			Weighted
			Average
	Number of		Remaining		Aggregate
	Stock		Contractual		Intrinsic
	Options		Life		Value
	(In thousands)		(In years)		(In thousands)
May 31, 2023
Outstanding		573		5.47	$	7,970
Exercisable		418		4.38	$	6,472

May 31, 2022
Outstanding		602		5.15	$	4,987
Exercisable		447		4.09	$	4,065

May 31, 2021
Outstanding		602		5.61	$	18,037
Exercisable		389		4.15	$	12,415

Schedule of Service-Based Restricted Common Shares Granted

The table below sets forth the service-based restricted common shares granted under the Plans during each of the past three fiscal years. The calculated pre-tax stock-based compensation expense for these restricted common shares will be recognized on a straight-line basis over their respective three-year service periods.


(In thousands, except per common share amounts)	2023		2022		2021
Granted		358		192		307
Weighted average grant date fair value, per common share	$	49.89	$	57.19	$	38.99
Pre-tax stock-based compensation	$	17,884	$	10,993	$	11,985

Schedule of Assumptions Used to Determine Grant Date Fair Value of Market Based Restricted Common Shares

The following assumptions were used to determine the grant date fair value and the derived service period for these restricted common shares:


Dividend yield	2.67	%
Expected volatility	43.00	%
Risk-free interest rate	3.18	%

The following assumptions were used to determine the grant date fair value and the derived service period for these restricted common shares:


Dividend yield	2.71	%
Expected volatility	41.50	%
Risk-free interest rate	0.32	%

The following assumptions were used to determine the grant date fair value and the derived service period for these restricted common shares:


Dividend yield	2.69	%
Expected volatility	34.90	%
Risk-free interest rate	1.60	%

The following assumptions were used to determine the grant date fair value and the derived service period for these restricted common shares:


Dividend yield	2.16	%
Expected volatility	33.60	%
Risk-free interest rate	2.96	%

Summary of Performance Share Award Activity

The following table summarizes our performance share award activity for the past three fiscal years:


		2023					2022					2021
				Weighted					Weighted					Weighted
				Average					Average					Average
				Grant					Grant					Grant
	Performance			Date Fair		Performance			Date Fair		Performance			Date Fair
(In thousands, except per common share amounts)	Shares			Value		Shares			Value		Shares			Value
Outstanding, beginning of year		160		$	42.93		177		$	39.23		158		$	42.45
Granted (1)		118			43.40		67			52.22		65			36.93
Vested		(89	)		38.91		(65	)		42.82		(3	)		47.76
Forfeited		(17	)		39.36		(19	)		41.80		(43	)		46.86
Outstanding, end of year		172		$	46.37		160		$	42.93		177		$	39.23

Weighted average remaining contractual life of
outstanding performance shares (in years)		1.59					0.90					1.17

Aggregate intrinsic value of outstanding
performance shares	$	9,636				$	7,445				$	11,730

Aggregate intrinsic value of performance
shares vested during the year	$	4,056				$	3,994				$	100

(1)

Includes common shares related to previously granted awards that paid out at percentages above target levels.