Leases (Tables)

12 Months Ended

May 31, 2023

Leases [Abstract]

Summary of Lease Costs

The following represents our lease costs as of May 31, 2023 and 2022:

May 31,	2023		2022		2021
(In thousands)
Operating lease expense	$	78,783	$	78,479	$	76,581
Variable lease expense		13,550		10,795		9,292
Short-term lease expense		1,960		2,132		2,022

Summary of Supplemental Cash Flow, Balance Sheet, and Other Required Disclosures

The following represents our supplemental cash flow, balance sheet, and other required disclosures as of May 31, 2023 and 2022:

May 31,	2023			2022
(In thousands)
Operating cash outflows from operating leases	$	74,251		$	73,566
Leased assets obtained in exchange for operating lease obligations		90,399			79,150
Current portion of operating leases within other accrued liabilities	$	59,590		$	58,292
Weighted average remaining lease term for operating leases (in years)		8.5			8.5
Weighted average discount rate for operating leases		3.9	%		3.3	%

Schedule of Future Undiscounted Cash Flows and Reconciliation to Lease Liabilities

The following represents our future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities, as of May 31, 2023:

(In thousands)
Year ending May 31,	Operating Leases
2024	$	71,801
2025		61,178
2026		51,608
2027		44,451
2028		36,540
Thereafter		148,773
Total lease payments	$	414,351
Less imputed interest		69,237
Total present value of lease liabilities	$	345,114