Derivatives and Hedging (Tables)

12 Months Ended

May 31, 2020

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Derivatives Instruments for Gains or Losses Initially Recognized in AOCI in Consolidated Balance Sheet

The following table summarizes the location and effects of the Company’s derivatives instruments on the Consolidated Statements of Comprehensive Income and Consolidated Statements of Operations for gains or losses initially recognized in AOCI in the Consolidated Balance Sheet:

	Pretax gain/(loss) recognized in AOCI									Pretax gain/(loss) reclassified from AOCI into income
(In thousands)	Year Ended May 31,									Year Ended May 31,
Derivatives in hedging relationships	2020			2019		2018			Income Statement Location	2020			2019		2018
Interest Rate Swap    (Cash Flow)	$	(7,998	)	$	-	$	-		Interest Expense	$	170		$	-	$	-
Cross Currency Swap    (Cash Flow)		(2,254	)		-		-		Interest Expense		554			-		-
Cross Currency Swap    (Cash Flow)		-			-		-		Foreign Exchange Gain/(Loss)		(2,654	)		-		-
Cross Currency Swap    (Net Investment)		1,866			4,998		(769	)	Gain or (loss) on sale of subsidiary		-			-		-
Total	$	(8,386	)	$	4,998	$	(769	)		$	(1,930	)	$	-	$	-

Schedule of Fair Values of Qualifying and Non-Qualifying Instruments Used in Hedging Transactions

The fair values of qualifying and non-qualifying instruments used in hedging transactions as of May 31, 2020 and May 31, 2019 are as follows:  

(In thousands)			Fair Value
Derivatives Designated as Hedging Instruments		Balance Sheet Location	May 31, 2020		May 31, 2019
Assets:
	Interest Rate Swap (Fair Value)	Other Current Assets	$	-	$	513
	Cross Currency Swap (Net Investment)	Other Current Assets		5,352		2,482
	Cross Currency Swap (Cash Flow)	Other Current Assets		750		-
	Cross Currency Swap (Net Investment)	Other Assets (Long-Term)		12,409		6,163
Liabilities:
	Interest Rate Swap (Fair Value)	Other Accrued Liabilities		-		230
	Interest Rate Swap (Cash Flow)	Other Accrued Liabilities		2,981		-
	Cross Currency Swap (Net Investment)	Other Accrued Liabilities		294		-
	Cross Currency Swap (Net Investment)	Other Long-Term Liabilities		18,204		4,276
	Cross Currency Swap (Cash Flow)	Other Long-Term Liabilities		3,608		-
	Interest Rate Swap (Cash Flow)	Other Long-Term Liabilities		5,187		-
(In thousands)			Fair Value
Derivatives Not Designated as Hedging Instruments		Balance Sheet Location	May 31, 2020		May 31, 2019
Assets:
	Foreign Currency Exchange	Other Current Assets	$	-	$	51
Liabilities:
	Foreign Currency Exchange	Other Accrued Liabilities		53		-