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Derivatives and Hedging (Tables) | 12 Months Ended
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May 31, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract] |
Schedule of Derivatives Instruments for Gains or Losses Initially Recognized in AOCI in Consolidated Balance Sheet | The following table summarizes the location and effects of the Company’s derivatives instruments on the Consolidated Statements of Comprehensive Income and Consolidated Statements of Operations for gains or losses initially recognized in AOCI in the Consolidated Balance Sheet:
|  | Pretax gain/(loss) recognized in AOCI |  |  |  |  | Pretax gain/(loss) reclassified from AOCI into income |
(In thousands) |  | Year Ended May 31, |  |  |  |  | Year Ended May 31, |
Derivatives in hedging relationships |  | 2020 |  | 2019 |  | 2018 |  |  | Income Statement Location |  | 2020 |  | 2019 |  | 2018 |
Interest Rate Swap (Cash Flow) |  | $ | (7,998 | ) | $ | - |  | $ | - |  |  | Interest Expense |  | $ | 170 |  | $ | - |  | $ | - |
Cross Currency Swap (Cash Flow) |  |  | (2,254 | ) |  | - |  |  | - |  |  | Interest Expense |  |  | 554 |  |  | - |  |  | - |
Cross Currency Swap (Cash Flow) |  |  | - |  |  | - |  |  | - |  |  | Foreign Exchange Gain/(Loss) |  |  | (2,654 | ) |  | - |  |  | - |
Cross Currency Swap (Net Investment) |  |  | 1,866 |  |  | 4,998 |  |  | (769 | ) |  | Gain or (loss) on sale of subsidiary |  |  | - |  |  | - |  |  | - |
Total |  | $ | (8,386 | ) | $ | 4,998 |  | $ | (769 | ) |  |  |  | $ | (1,930 | ) | $ | - |  | $ | - |
Schedule of Fair Values of Qualifying and Non-Qualifying Instruments Used in Hedging Transactions | The fair values of qualifying and non-qualifying instruments used in hedging transactions as of May 31, 2020 and May 31, 2019 are as follows:
(In thousands) |  |  |  | Fair Value |
Derivatives Designated as Hedging Instruments |  | Balance Sheet Location |  | May 31, 2020 |  |  | May 31, 2019 |
Assets: |  |  |  |  |  |  |  |  |  |  |
| Interest Rate Swap (Fair Value) |  | Other Current Assets |  | $ | - |  |  | $ | 513 |
| Cross Currency Swap (Net Investment) |  | Other Current Assets |  |  | 5,352 |  |  |  | 2,482 |
| Cross Currency Swap (Cash Flow) |  | Other Current Assets |  |  | 750 |  |  |  | - |
| Cross Currency Swap (Net Investment) |  | Other Assets (Long-Term) |  |  | 12,409 |  |  |  | 6,163 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
| Interest Rate Swap (Fair Value) |  | Other Accrued Liabilities |  |  | - |  |  |  | 230 |
| Interest Rate Swap (Cash Flow) |  | Other Accrued Liabilities |  |  | 2,981 |  |  |  | - |
| Cross Currency Swap (Net Investment) |  | Other Accrued Liabilities |  |  | 294 |  |  |  | - |
| Cross Currency Swap (Net Investment) |  | Other Long-Term Liabilities |  |  | 18,204 |  |  |  | 4,276 |
| Cross Currency Swap (Cash Flow) |  | Other Long-Term Liabilities |  |  | 3,608 |  |  |  | - |
| Interest Rate Swap (Cash Flow) |  | Other Long-Term Liabilities |  |  | 5,187 |  |  |  | - |
(In thousands) |  |  |  | Fair Value |
Derivatives Not Designated as Hedging Instruments |  | Balance Sheet Location |  | May 31, 2020 |  |  | May 31, 2019 |
Assets: |  |  |  |  |  |  |  |  |  |  |
| Foreign Currency Exchange |  | Other Current Assets |  | $ | - |  |  | $ | 51 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
| Foreign Currency Exchange |  | Other Accrued Liabilities |  |  | 53 |  |  |  | - |

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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 + Details
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