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Guarantees
6 Months Ended
Nov. 30, 2024
Guarantees and Product Warranties [Abstract]  
Guarantees

Note F – Guarantees

 

We do not have guarantees that we believe are reasonably likely to have a material current or future effect on our consolidated financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

 

At November 30, 2024, we also had in place $9,500 of outstanding stand-by letters of credit issued to third-party service providers. The fair value of these guaranteed instruments, based on premiums paid, was not material and no amounts were drawn against them at November 30, 2024.