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Long-Term Debt and Credit Facilities (Tables)
 6 Months Ended
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