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SETTLEMENT PROCESSING ASSETS AND OBLIGATIONS (Tables)
 7 Months Ended
Dec. 31, 2016
Offsetting [Abstract]  
Offsetting Assets
As of December 31, 2016, May 31, 2016 and 2015, settlement processing assets and obligations consisted of the following:
 
December 31,
 
May 31,
 
2016
 
2016
 
2015
 
 
 
 
 
 
 
(in thousands)
Settlement processing assets:
 
 
 
 
 
Interchange reimbursement
$
150,612

 
$
150,644

 
$
186,660

Receivable from (liability to) Members
71,590

 
(14,997
)
 
294,837

Receivable from networks
1,325,029

 
1,203,308

 
1,919,148

Exception items
6,450

 
3,003

 
4,920

Merchant Reserves
(6,827
)
 
(5,632
)
 
(10,743
)
 
$
1,546,854

 
$
1,336,326

 
$
2,394,822

 
 
 
 
 
 
Settlement processing obligations:
 
 
 
 
 
Interchange reimbursement
$
199,202

 
$
193,989

 
$
68,444

Liability to Members
(177,979
)
 
(261,945
)
 
(628
)
Liability to merchants
(1,358,271
)
 
(1,005,009
)
 
(1,931,390
)
Exception items
21,194

 
5,827

 
5,331

Merchant Reserves
(158,419
)
 
(149,667
)
 
(169,442
)
Reserve for operating losses and sales allowances
(2,939
)
 
(3,510
)
 
(6,215
)
 
$
(1,477,212
)
 
$
(1,220,315
)
 
$
(2,033,900
)
Offsetting Liabilities
As of December 31, 2016, May 31, 2016 and 2015, settlement processing assets and obligations consisted of the following:
 
December 31,
 
May 31,
 
2016
 
2016
 
2015
 
 
 
 
 
 
 
(in thousands)
Settlement processing assets:
 
 
 
 
 
Interchange reimbursement
$
150,612

 
$
150,644

 
$
186,660

Receivable from (liability to) Members
71,590

 
(14,997
)
 
294,837

Receivable from networks
1,325,029

 
1,203,308

 
1,919,148

Exception items
6,450

 
3,003

 
4,920

Merchant Reserves
(6,827
)
 
(5,632
)
 
(10,743
)
 
$
1,546,854

 
$
1,336,326

 
$
2,394,822

 
 
 
 
 
 
Settlement processing obligations:
 
 
 
 
 
Interchange reimbursement
$
199,202

 
$
193,989

 
$
68,444

Liability to Members
(177,979
)
 
(261,945
)
 
(628
)
Liability to merchants
(1,358,271
)
 
(1,005,009
)
 
(1,931,390
)
Exception items
21,194

 
5,827

 
5,331

Merchant Reserves
(158,419
)
 
(149,667
)
 
(169,442
)
Reserve for operating losses and sales allowances
(2,939
)
 
(3,510
)
 
(6,215
)
 
$
(1,477,212
)
 
$
(1,220,315
)
 
$
(2,033,900
)