Leases (Tables)

12 Months Ended

May 31, 2024

Leases [Abstract]

Summary of Lease Costs

The following represents our lease costs as of May 31, 2024, 2023 and 2022:

May 31,	2024		2023		2022
(In thousands)
Operating lease expense	$	87,225	$	78,783	$	78,479
Variable lease expense		15,305		13,550		10,795
Short-term lease expense		2,104		1,960		2,132

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, 2024 and 2023:

May 31,	2024			2023
(In thousands)
Operating cash outflows from operating leases	$	81,540		$	74,251
Leased assets obtained in exchange for operating lease obligations		69,749			90,399
Current portion of operating leases within other accrued liabilities	$	66,298		$	59,590
Weighted average remaining lease term for operating leases (in years)		7.7			8.5
Weighted average discount rate for operating leases		4.2	%		3.9	%

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, 2024:

(In thousands)
Year ending May 31,	Operating Leases
2025	$	78,528
2026		69,604
2027		57,339
2028		44,471
2029		32,730
Thereafter		134,162
Total lease payments	$	416,834
Less imputed interest		69,255
Total present value of lease liabilities	$	347,579