Leases (Tables)

9 Months Ended

Feb. 29, 2020

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 February 29, 2020:

(In thousands)
Year ending May 31,	Operating Leases
2020 (excluding the nine months ended February 29)	$	16,157
2021		58,231
2022		47,303
2023		36,535
2024		30,324
Thereafter		175,896
Total lease payments	$	364,446
Less imputed interest		65,666
Total present value of lease liabilities	$	298,780

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:

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