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Long-Term Debt and Credit Facilities (Tables) | 6 Months Ended
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Nov. 30, 2015
Debt Disclosure [Abstract] |
Schedule of outstanding debt | As of November 30, 2015 and May 31, 2015, long-term debt consisted of the following (in thousands):
| November 30, 2015 |  | May 31, 2015
Term loan: |  |  |
$1,750,000 face amount (less unamortized debt issuance costs of $4,697) at November 30, 2015 and $1,234,375 face amount (less unamortized debt issuance costs of $2,433) at May 31, 2015 | $ | 1,745,303 |  |  | $ | 1,231,942 |
Revolving credit facility | 170,500 |  |  | 508,125 |
Total long-term debt | 1,915,803 |  |  | 1,740,067 |
Less current portion of long-term debt ($62,500 face amount less unamortized debt issuance costs of $716 at May 31, 2015) | — |  |  | 61,784 |
Long-term debt, excluding current portion | $ | 1,915,803 |  |  | $ | 1,678,283 |
Schedule of maturities of long-term debt | Maturity requirements on long-term debt as of November 30, 2015 by fiscal year are as follows (in thousands):
2016 | $ | — |
2017 | — |
2018 | 131,250 |
2019 | 175,000 |
2020 and thereafter | 1,614,250 |
Total | $ | 1,920,500 |
Schedule of derivative instruments | The table below presents the fair values of our derivative financial instruments designated as cash flow hedges included within the consolidated balance sheets (in thousands):
|  | Consolidated Balance Sheet Location |  | November 30, 2015 |  | May 31, 2015
Interest rate swap ($250 million notional) |  | Other assets |  | $ | 196 |  |  | $ | — |
Interest rate swap ($500 million notional) |  | Accounts payable and accrued liabilities |  | $ | 6,152 |  |  | $ | 6,157 |
Schedule of derivative instrument effect on other comprehensive income (loss) | The table below presents the effects of our interest rate swaps on the consolidated statements of income and other comprehensive income for the three and six months ended November 30, 2015 and 2014 (in thousands):
| Three Months Ended |  | Six Months Ended
| November 30, 2015 |  | November 30, 2014 |  | November 30, 2015 |  | November 30, 2014
Derivatives in cash flow hedging relationships: |  |  |  |  |  |  |
Amount of loss recognized in other comprehensive income | $ | 3,968 |  |  | $ | 4,419 |  |  | $ | 4,000 |  |  | $ | 4,419 |
Amount of loss recognized in interest expense | $ | 2,467 |  |  | $ | 531 |  |  | $ | 4,201 |  |  | $ | 531 |

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