Equity (Tables)

12 Months Ended

May 31, 2026

Equity

Schedule of assumptions used in the Black-Scholes option pricing model to estimate the fair value of stock option grant

	Stock Options Granted In Fiscal Year
	2026		2025		2024
Risk-free interest rate	3.9	%	4.2	%	4.1	%
Expected volatility of common stock	34.1	%	36.0	%	42.3	%
Dividend yield	0.0	%	0.0	%	0.0	%
Expected option term in years	4.8		4.9		5.1

Schedule of stock option activity

A summary of stock option activity for the three years ended May 31, 2026 consisted of the following (shares in thousands):

	2026			2025			2024
		Weighted			Weighted			Weighted
		Average			Average			Average
	Shares	Exercise Price		Shares	Exercise Price		Shares	Exercise Price
Outstanding at beginning of year	935	$	44.94	1,004	$	38.49	1,573	$	33.24
Granted	160		80.17	157		67.02	142		58.27
Exercised	(474)		40.42	(212)		29.81	(706)		30.67
Cancelled	(27)		72.61	(14)		60.59	(5)		48.40
Outstanding at end of year	594	$	54.24	935	$	44.94	1,004	$	38.49
Options exercisable at end of year	318	$	39.94	635	$	38.13	696	$	33.95

Schedule of restricted share activity

Restricted share activity during fiscal 2026 was as follows (shares in thousands):

		Weighted Average
	Number of	Fair Value
	Shares	on Grant Date
Nonvested at May 31, 2025	536	$	56.47
Granted	287		68.05
Vested	(268)		44.16
Forfeited	(49)		68.93
Nonvested at May 31, 2026	506		68.31