Marketable Securities (Tables)

6 Months Ended

Nov. 30, 2018

Investments Debt And Equity Securities [Abstract]

Summary of Available-for-Sale Marketable Securities by Asset Type

The following tables summarize available-for-sale marketable securities held at November 30, 2018 and May 31, 2018 by asset type:

	Available-For-Sale Securities
(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value (Net Carrying Amount)
November 30, 2018
Fixed maturity:
U.S. treasury and other government	$	23,292	$	26	$	(535	)	$	22,783
Corporate bonds		411		29		-			440
Total available-for-sale securities	$	23,703	$	55	$	(535	)	$	23,223

	Available-For-Sale Securities
(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value (Net Carrying Amount)
May 31, 2018
Equity securities:
Mutual funds - foreign	$	46,123	$	1,839	$	(1,197	)	$	46,765
Mutual funds - domestic		99,833		727		(2,770	)		97,790
Total equity securities		145,956		2,566		(3,967	)		144,555
Fixed maturity:
U.S. treasury and other government		23,562		39		(552	)		23,049
Corporate bonds		432		43		(8	)		467
Total fixed maturity securities		23,994		82		(560	)		23,516
Total	$	169,950	$	2,648	$	(4,527	)	$	168,071

Summary of Available-for-Sale Securities in Unrealized Loss Position and Included in Accumulated Other Comprehensive (Loss), Aggregated by Length of Time Investments

Summarized below are the available-for-sale securities we held at November 30, 2018 and May 31, 2018 that were in an unrealized loss position and that were included in accumulated other comprehensive (loss), aggregated by the length of time the investments had been in that position:

	November 30, 2018					May 31, 2018
(In thousands)	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Total investments with unrealized losses	$	20,215	$	(535	)	$	106,253	$	(4,527	)
Unrealized losses with a loss position for less than 12 months		2,646		(19	)		68,376		(1,570	)
Unrealized losses with a loss position for more than 12 months		17,569		(516	)		37,877		(2,957	)

Net Carrying Values of Debt Securities by Contractual Maturity

The net carrying values of debt securities at November 30, 2018, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties.

(In thousands)	Amortized Cost		Fair Value
Due:
Less than one year	$	7,897	$	7,841
One year through five years		11,576		11,282
Six years through ten years		3,294		3,152
After ten years		936		948
	$	23,703	$	23,223