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Fair Value Measurement (Tables)
12 Months Ended
May 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Available-for-Sale Securities Recorded in Long Term Investments Measured and Recorded at Fair Value on Recurring Basis
 
  As of May 31, 2018 
Description
 Quoted Prices in
Active Market for
Identical Assets
Level 1
  Significant Other
Observable
Inputs
Level 2
  Significant
Unobservable
Inputs
Level 3
  Total 
  US$  US$  US$  US$ 
Long-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale
investments
  153,294   98,504   133,897   385,695 
  
 
 
  
 
 
  
 
 
  
 
 
 
 
 
 
 
 
 
As of May 31, 2019
 
Description
 
Quoted Prices in
Active Market for
Identical Assets
Level 1
 
 
Significant Other
Observable
Inputs
Level 2
 
 
Significant
Unobservable
Inputs
Level 3
 
 
Total
 
 
 
US$
 
 
US$
 
 
US$
 
 
US$
 
Long-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity securities with readily determinable fair values
 
 
47,841
 
 
 
 
 
 
 
 
 
47,841
 
Available-for-sale
investments
 
 
 
 
 
78,879
 
 
 
145,881
 
 
 
224,760
 
Contingent consideration payable (Note 3)
 
 
 
 
 
 
 
 
15,150
 
 
 
15,150
 
Total
 
 
47,841
 
 
 
78,879
 
 
 
161,031
 
 
 
287,751
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reconciliation of the fair value measurements of assets and liabilities using significant unobservable inputs
The following table provides additional information about the reconciliation of the fair value measurements of assets and liabilities using significant unobservable inputs (level 3).
 
     
  
Level 3

investments
 
  US$ 
Balance as of June 1, 2017
  123,029 
Transfer to level 1 fair value measurements
  (32,644)
Unrealized gain
  43,512 
  
 
 
 
Balance as of May 31, 2018
  133,897 
Initial recognition
  45,989 
Unrealized loss
  (18,855)
Balance as of May 31, 2019
  161,031