Investment (Income) Expense, Net

9 Months Ended

Feb. 28, 2022

Other Income and Expenses [Abstract]

Investment (Income) Expense, Net

NOTE 6 — INVESTMENT (INCOME) EXPENSE, NET

Investment (income) expense, net, consists of the following components:

	Three Months Ended						Nine Months Ended
	February 28,			February 28,			February 28,			February 28,
(In thousands)	2022			2021			2022			2021
Interest (income)	$	(1,203	)	$	(968	)	$	(3,349	)	$	(2,409	)
Net loss (gain) on marketable securities		8,215			(9,480	)		10,032			(29,652	)
Dividend (income)		(2,657	)		(1,006	)		(5,262	)		(1,674	)
Investment (income) expense, net	$	4,355		$	(11,454	)	$	1,421		$	(33,735	)

Net Loss (Gain) on Marketable Securities

	Three Months Ended						Nine Months Ended
	February 28,			February 28,			February 28,			February 28,
(In thousands)	2022			2021			2022			2021
Unrealized losses (gains) on marketable equity securities	$	8,903		$	(6,650	)	$	11,227		$	(28,469	)
Realized (gains) on marketable equity securities		(699	)		(2,834	)		(1,223	)		(1,210	)
Realized losses on available-for-sale debt securities		11			4			28			27
Net loss (gain) on marketable securities	$	8,215		$	(9,480	)	$	10,032		$	(29,652	)