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SETTLEMENT PROCESSING ASSETS AND OBLIGATIONS (Tables)
 12 Months Ended
May 31, 2016
Offsetting [Abstract]  
Offsetting Assets and Liabilities
As of May 31, 2016 and 2015, settlement processing assets and obligations consisted of the following:
 
2016
 
2015
 
(in thousands)
Settlement processing assets:
 
 
 
Interchange reimbursement
$
150,644

 
$
186,660

(Liability to) receivable from Members
(14,997
)
 
294,837

Receivable from networks
1,203,308

 
1,919,148

Exception items
3,003

 
4,920

Merchant Reserves
(5,632
)
 
(10,743
)
 
$
1,336,326

 
$
2,394,822

 
 
 
 
Settlement processing obligations:
 
 
 
Interchange reimbursement
$
193,989

 
$
68,444

Liability to Members
(261,945
)
 
(628
)
Liability to merchants
(1,005,009
)
 
(1,931,390
)
Exception items
5,827

 
5,331

Merchant Reserves
(149,667
)
 
(169,442
)
Reserve for operating losses
(2,460
)
 
(1,286
)
Reserve for sales allowances
(1,050
)
 
(4,929
)
 
$
(1,220,315
)
 
$
(2,033,900
)