Operating Leases

12 Months Ended

May 31, 2012

Operating Leases

Note Q – Operating Leases

We lease certain property and equipment from third parties under non-cancelable operating lease agreements. Rent expense under operating leases was $14,433,000, $15,736,000 and $16,681,000 in fiscal 2012, fiscal 2011 and fiscal 2010, respectively. Future minimum lease payments for non-cancelable operating leases having an initial or remaining term in excess of one year at May 31, 2012, were as follows:

(in thousands)
2013	$	9,278
2014		5,039
2015		2,737
2016		2,403
2017		2,406
Thereafter		5,619
Total	$	27,482