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Fair Value Measurements (Tables)
 3 Months Ended
Aug. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

At August 31, 2025, our assets and liabilities measured at fair value on a recurring basis were as follows:

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

Totals

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments (1)

 

$

-

 

 

$

630

 

 

$

-

 

 

$

630

 

Total assets

 

$

-

 

 

$

630

 

 

$

-

 

 

$

630

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments (1)

 

$

-

 

 

$

8,020

 

 

$

-

 

 

$

8,020

 

Total liabilities

 

$

-

 

 

$

8,020

 

 

$

-

 

 

$

8,020

 

 

At May 31, 2025, our assets and liabilities measured at fair value on a recurring basis were as follows:

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

Totals

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments (1)

 

$

-

 

 

$

1,042

 

 

$

-

 

 

$

1,042

 

Total assets

 

$

-

 

 

$

1,042

 

 

$

-

 

 

$

1,042

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments (1)

 

$

-

 

 

$

7,461

 

 

$

-

 

 

$

7,461

 

Total liabilities

 

$

-

 

 

$

7,461

 

 

$

-

 

 

$

7,461

 

——————————————————

(1)
The fair value of our derivative financial instruments is based on the present value of the expected future cash flows considering the risks involved, including non-performance risk, and using discount rates appropriate for the respective maturities. Market observable, Level 2 inputs are used to determine the present value of the expected future cash flows. Refer to “Note N – Derivative Financial Instruments and Hedging Activities” for additional information regarding our use of derivative financial instruments.