Fair Value Measurements (Tables)

3 Months Ended

Aug. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Financial Instruments Measured on a Recurring Basis

These financial instruments measured at fair value on a recurring basis are summarized below: 

	As of August 31, 2020
(In thousands)	Level 1		Level 2		Level 3		Fair Value
Cash and cash equivalents	$	421,542	$	—	$	—	$	421,542
Other assets, net:
Interest rate lock agreements	—		6,425		—		6,425
Total assets at fair value	$	421,542	$	6,425	$	—	$	427,967
Long-term accrued liabilities:
Interest rate lock agreements	$	—	$	156,051	$	—	$	156,051
Total liabilities at fair value	$	—	$	156,051	$	—	$	156,051

	As of May 31, 2020
(In thousands)	Level 1		Level 2		Level 3		Fair Value
Cash and cash equivalents	$	145,402	$	—	$	—	$	145,402
Other assets, net
Interest rate lock agreements	—		1,546		—		1,546
Total assets at fair value	$	145,402	$	1,546	$	—	$	146,948
Long-term accrued liabilities:
Interest rate lock agreements	$	—	$	165,686	$	—	$	165,686
Total liabilities at fair value	$	—	$	165,686	$	—	$	165,686