Leases (Tables)

12 Months Ended

May 31, 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 May 31, 2020:

(In thousands)
Year ending May 31,	Operating Leases
2021	$	61,328
2022		50,452
2023		38,921
2024		31,572
2025		27,771
Thereafter		144,982
Total lease payments	$	355,026
Less imputed interest		57,746
Total present value of lease liabilities	$	297,280

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:

May 31,
(In thousands)
2020	$	59,163
2021		49,731
2022		40,339
2023		32,798
2024		27,716
Thereafter		119,607
Total Minimum Lease Commitments	$	329,354