Fair Value (Tables)

9 Months Ended

Feb. 28, 2013

Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

At February 28, 2013, our financial assets and liabilities measured at fair value on a recurring basis were as follows:

(in thousands)	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Totals
Assets
Derivative contracts	$	-	$	1,066	$	-	$	1,066
Total assets	$	-	$	1,066	$	-	$	1,066
Liabilities
Derivative contracts	$	-	$	8,516	$	-	$	8,516
Total liabilities	$	-	$	8,516	$	-	$	8,516

At May 31, 2012, our financial assets and liabilities measured at fair value on a recurring basis were as follows:

(in thousands)	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Totals
Assets
Derivative contracts	$	-	$	1,157	$	-	$	1,157
Total assets	$	-	$	1,157	$	-	$	1,157
Liabilities
Derivative contracts	$	-	$	14,993	$	-	$	14,993
Total liabilities	$	-	$	14,993	$	-	$	14,993