Fair Value Measurements (Tables)

9 Months Ended

Feb. 28, 2021

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 February 28, 2021
(In thousands)	Level 1		Level 2		Level 3		Fair Value
Cash and cash equivalents	$	553,611	$	—	$	—	$	553,611
Other assets, net:
Interest rate lock agreements	—		35,814		—		35,814
Total assets at fair value	$	553,611	$	35,814	$	—	$	589,425
Long-term accrued liabilities:
Interest rate lock agreements	$	—	$	62,560	$	—	$	62,560
Total liabilities at fair value	$	—	$	62,560	$	—	$	62,560

	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