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

 
$
—