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LONG-TERM DEBT AND CREDIT FACILITIES (Tables)
 9 Months Ended
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