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SETTLEMENT PROCESSING ASSETS AND OBLIGATIONS
 3 Months Ended
Aug. 31, 2016
Offsetting [Abstract]  
SETTLEMENT PROCESSING ASSETS AND OBLIGATIONS
SETTLEMENT PROCESSING ASSETS AND OBLIGATIONS

As of August 31, 2016 and May 31, 2016, settlement processing assets and obligations consisted of the following:
 
August 31, 2016
 
May 31, 2016
 
 
 
 
 
(in thousands)
Settlement processing assets:
 
 
 
Interchange reimbursement
$
295,277

 
$
150,644

Liability to Members
(74,326
)
 
(14,997
)
Receivable from networks
894,132

 
1,203,308

Exception items
5,276

 
3,003

Merchant Reserves
(14,889
)
 
(5,632
)
 
$
1,105,470

 
$
1,336,326

 
 
 
 
Settlement processing obligations:
 
 
 
Interchange reimbursement
$
69,703

 
$
193,989

Liability to Members
(41,248
)
 
(261,945
)
Liability to merchants
(903,319
)
 
(1,005,009
)
Exception items
7,915

 
5,827

Merchant Reserves
(145,278
)
 
(149,667
)
Reserves for operating losses and sales allowances
(3,578
)
 
(3,510
)
 
$
(1,015,805
)
 
$
(1,220,315
)