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LONG-TERM DEBT AND CREDIT FACILITIES (Tables) | 9 Months Ended
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Feb. 29, 2016
Debt Disclosure [Abstract] |
Schedule of outstanding debt | As of February 29, 2016 and May 31, 2015, long-term debt consisted of the following (in thousands):
| February 29, 2016 |  | May 31, 2015
Term loan: |  |  |
$1,750,000 face amount (less unamortized debt issuance costs of $4,423) at February 29, 2016, and $1,234,375 face amount (less unamortized debt issuance costs of $2,433) at May 31, 2015 | $ | 1,745,577 |  |  | $ | 1,231,942 |
Revolving credit facility | 128,500 |  |  | 508,125 |
Total long-term debt | 1,874,077 |  |  | 1,740,067 |
Less current portion of long-term debt ($87,500 face amount less unamortized debt issuance cost of $1,098 at February 29, 2016, and $62,500 face amount less unamortized debt issuance costs of $716 at May 31, 2015) | 86,402 |  |  | 61,784 |
Long-term debt, excluding current portion | $ | 1,787,675 |  |  | $ | 1,678,283 |
Schedule of maturities of long-term debt | Maturity requirements on long-term debt as of February 29, 2016 by fiscal year are as follows (in thousands):
2016 | $ | — |
2017 | 131,250 |
2018 | 175,000 |
2019 | 175,000 |
2020 and thereafter | 1,397,250 |
Total | $ | 1,878,500 |
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 |  | February 29, 2016 |  | May 31, 2015
Interest rate swaps ($750 million notional) |  | Accounts payable and accrued liabilities |  | $ | 15,818 |  |  | $ | 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 nine months ended February 29, 2016 and 2015 (in thousands):
| Three Months Ended |  | Nine Months Ended
| February 29, 2016 |  | February 28, 2015 |  | February 29, 2016 |  | February 28, 2015
Derivatives in cash flow hedging relationships: |  |  |  |  |  |  |
Amount of loss recognized in other comprehensive income | $ | 11,946 |  |  | $ | 1,859 |  |  | $ | 15,946 |  |  | $ | 6,278 |
Amount of loss recognized in interest expense | $ | 2,083 |  |  | $ | 1,750 |  |  | $ | 6,284 |  |  | $ | 2,281 |

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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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