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LONG-TERM DEBT AND CREDIT FACILITIES (Tables) | 12 Months Ended
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May 31, 2016
Debt Disclosure [Abstract] |
Schedule of Debt | As of May 31, 2016 and 2015, long-term debt consisted of the following:
| 2016 |  | 2015
| (in thousands)
Term loans (face amounts of $3,530,000 and $1,234,375 at May 31, 2016 and 2015, respectively, less unamortized debt issuance costs of $51,770 and $2,433 at May 31, 2016 and 2015, respectively) | $ | 3,478,230 |  |  | $ | 1,231,942 |
Revolving credit facility | 1,037,000 |  |  | 508,125 |
Capital lease obligations | 56 |  |  | — |
Total long-term debt | 4,515,286 |  |  | 1,740,067 |
Less current portion of long-term debt (face amounts of $145,938 and $62,500 at May 31, 2016 and 2015, respectively, less unamortized debt issuance costs of $10,442 and $716 at May 31, 2016 and 2015, respectively) and current portion of capital lease obligations of $46 | 135,542 |  |  | 61,784 |
Long-term debt, excluding current portion | $ | 4,379,744 |  |  | $ | 1,678,283 |
Schedule of Maturities of Long-Term Debt | Maturity requirements on long-term debt as of May 31, 2016 by fiscal year are as follows (in thousands):
2017 | $ | 145,938 |
2018 | 192,300 |
2019 | 219,700 |
2020 | 219,700 |
2021 and thereafter | 3,789,362 |
Total | $ | 4,567,000 |
Schedule of Derivative Instruments | The table below presents the fair values of our derivative financial instruments designated as cash flow hedges included within accounts payable and accrued liabilities in the consolidated balance sheets (in thousands):
|  | 2016 |  | 2015
Interest rate swaps ($750 million notional) |  | $ | 10,775 |  |  | $ | 6,157 |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) | The table below presents the effects of our interest rate swaps on the consolidated statements of income and comprehensive income for the years ended May 31, 2016 and 2015 (in thousands):
|  | 2016 |  | 2015
Amount of loss recognized in other comprehensive loss |  | $ | 12,859 |  |  | $ | 10,116 |
Amount of loss recognized in interest expense |  | $ | 8,240 |  |  | $ | 3,958 |

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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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