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v3.24.2

Marketable Securities (Tables) | 12 Months Ended
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May 31, 2024
Investments, Debt and Equity Securities [Abstract] |
Summary of Available-for-Sale Debt Securities by Asset Type | The following tables summarize available-for-sale debt securities held at May 31, 2024 and 2023 by asset type:
|  | Available-For-Sale Debt Securities |
(In thousands) |  | Amortized Cost |  |  |  | Gross Unrealized Gains |  |  |  | Gross Unrealized Losses |  |  | Fair Value (Net Carrying Amount) |
May 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury and other government |  | $ | 28,338 |  |  | - |  | $ | 5 |  |  | - |  | $ | (1,784 | ) |  | $ | 26,559 |
Corporate bonds |  |  | 146 |  |  | - |  |  | 4 |  |  | - |  |  | (12 | ) |  |  | 138 |
Total available-for-sale debt securities |  | $ | 28,484 |  |  |  | $ | 9 |  |  |  | $ | (1,796 | ) |  | $ | 26,697 |
|  | Available-For-Sale Debt Securities |
(In thousands) |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value (Net Carrying Amount) |
May 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Fixed maturity: |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury and other government |  | $ | 28,841 |  |  | $ | 23 |  |  | $ | (1,843 | ) |  | $ | 27,021 |
Corporate bonds |  |  | 147 |  |  |  | 6 |  |  |  | (12 | ) |  |  | 141 |
Total available-for-sale debt securities |  | $ | 28,988 |  |  | $ | 29 |  |  | $ | (1,855 | ) |  | $ | 27,162 |
Summary of Available-for-Sale Debt Securities in Unrealized Loss Position and Included in Accumulated Other Comprehensive (Loss), Aggregated by Length of Time Investments | Summarized below are the available-for-sale debt securities we held at May 31, 2024 and 2023 that were in an unrealized loss position and that were included in accumulated other comprehensive income (loss), aggregated by the length of time the investments had been in that position:
|  | May 31, 2024 |  |  | May 31, 2023 |
(In thousands) |  | Fair Value |  |  | Gross Unrealized Losses |  |  | Fair Value |  |  | Gross Unrealized Losses |
Total investments with unrealized losses |  | $ | 25,464 |  |  | $ | (1,796 | ) |  | $ | 24,245 |  |  | $ | (1,855 | )
Unrealized losses with a loss position for less than 12 months |  |  | 4,866 |  |  |  | (36 | ) |  |  | 6,285 |  |  |  | (72 | )
Unrealized losses with a loss position for more than 12 months |  |  | 20,598 |  |  |  | (1,760 | ) |  |  | 17,960 |  |  |  | (1,783 | )
Net Carrying Values of Debt Securities by Contractual Maturity | The net carrying values of available-for-sale debt securities at May 31, 2024, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties.
(In thousands) |  | Amortized Cost |  |  | Fair Value |
Due: |  |  |  |  |  |
Less than one year |  | $ | 6,589 |  |  | $ | 6,502 |
One year through five years |  |  | 16,548 |  |  |  | 15,816 |
Six years through ten years |  |  | 2,929 |  |  |  | 2,638 |
After ten years |  |  | 2,418 |  |  |  | 1,741 |
|  | $ | 28,484 |  |  | $ | 26,697 |

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