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LONG-TERM DEBT AND CREDIT FACILITIES (Tables) | 7 Months Ended
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Dec. 31, 2016
Debt Disclosure [Abstract] |
Schedule of Debt | As of December 31, 2016, May 31, 2016 and 2015, long-term debt consisted of the following:
| December 31, |  | May 31,
| 2016 |  | 2016 |  | 2015
| (in thousands)
Corporate credit facility: |  |  |  |  |
Term loans (face amounts of $3,728,857, $3,530,000 and $1,234,375 at December 31, 2016, May 31, 2016 and 2015, respectively, less unamortized debt issuance costs of $46,282, $51,770 and $2,433 at December 31, 2016, May 31, 2016 and 2015, respectively) | $ | 3,682,575 |  |  | $ | 3,478,230 |  |  | $ | 1,231,942 |
Revolving credit facility | 756,000 |  |  | 1,037,000 |  |  | 508,125 |
Capital lease obligations | 37 |  |  | 56 |  |  | — |
Total long-term debt | 4,438,612 |  |  | 4,515,286 |  |  | 1,740,067 |
Less current portion of corporate credit facility (face amounts of $187,274, $145,938 and $62,500 at December 31, 2016, May 31, 2016 and 2015, respectively, less unamortized debt issuance costs of $9,526, $10,442 and $716 at December 31, 2016, May 31, 2016 and 2015, respectively) and current portion of capital lease obligations of $37 and $46 at December 31, 2016 and May 31, 2016, respectively | 177,785 |  |  | 135,542 |  |  | 61,784 |
Long-term debt, excluding current portion | $ | 4,260,827 |  |  | $ | 4,379,744 |  |  | $ | 1,678,283 |
Schedule of Maturities of Long-Term Debt | Maturity requirements on long-term debt as of December 31, 2016 by year are as follows (in thousands):
2017 | $ | 187,311 |
2018 | 200,974 |
2019 | 214,674 |
2020 | 214,674 |
2021 | 3,153,349 |
2022 and thereafter | 513,912 |
Total | $ | 4,484,894 |
Schedule of Derivative Instruments | The table below presents the fair values of our derivative financial instruments designated as cash flow hedges included in the consolidated balance sheets:
Derivative Financial Instruments |  | Balance Sheet Location |  | Weighted-Average Fixed Rate of Interest at December 31, 2016 |  | Range of Maturity Dates |  | December 31, 2016 |  | May 31, 2016 |  | May 31, 2015
|  |  |  |  |  |  |  | (in thousands)
Interest rate swaps (Notional of $250 million at December 31, 2016) |  | Other assets |  | 1.34% |  | July 31, 2020 |  | $ | 2,147 |  |  | $ | — |  |  | $ | — |
Interest rate swaps (Notional of $750 million at December 31, 2016, $750 million at May 31, 2016, and $500 million at May 31, 2015) |  | Accounts payable and accrued liabilities |  | 1.54% |  | February 28, 2019 to December 31, 2019 |  | $ | 3,175 |  |  | $ | 10,775 |  |  | $ | 6,157 |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) | The table below presents the effects of our interest rate swaps on the consolidated statements of income and comprehensive income for periods presented:
| Seven Months Ended December 31, |  | Year Ended May 31,
| 2016 |  | 2016 |  | 2015 |  | 2014
| (in thousands) |  |
Amount of (gain) loss recognized in other comprehensive loss | $ | (5,532 | ) |  | $ | 12,859 |  |  | $ | 10,116 |  |  | $ | — |
Amount reclassified out of other comprehensive loss to interest expense | $ | 4,222 |  |  | $ | 8,240 |  |  | $ | 3,958 |  |  | $ | — |

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