Leases (Tables)

3 Months Ended

Aug. 31, 2019

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 August 31, 2019:

Year ending May 31,	Operating Leases
(In thousands)
2020 (excluding the three months ended August 31)	$	46,387
2021		51,794
2022		40,792
2023		31,889
2024		26,759
Thereafter		121,011
Total lease payments	$	318,632
Less imputed interest		52,787
Total present value of lease liabilities	$	265,845

Future Minimum Lease Commitments under Non-Cancelable Lease Agreements

Following is a summary of our future minimum lease commitments, as determined under ASC 840, for all non-cancelable lease agreements, for each of the next five years and in the aggregate, as of May 31, 2019:

Year ending May 31,	Operating Leases
(In thousands)
2020	$	59,163
2021		49,731
2022		40,339
2023		32,798
2024		27,716
Thereafter		119,607
Total lease payments	$	329,354