XML 54 R38.htm IDEA: XBRL DOCUMENT
v3.25.2

Employee Benefit Plans (Tables) | 12 Months Ended
--- | ---
May 31, 2025
Employee Benefit Plans |
Schedule of change to the entity's projected benefit obligation and the fair value of plan assets for pension plans | The change to our projected benefit obligation and the fair value of our plan assets for our Netherlands plan for the two years ended May 31, 2025 was as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended May 31,
​ |  | 2025 |  | 2024
Change in projected benefit obligation: | ​ | ​ | ​ | ​ | ​ | ​
Projected benefit obligation at beginning of year | ​ | $ | 52.7 | ​ | $ | 51.3
Service cost | ​ |  | 0.2 | ​ | ​ | 0.2
Interest cost | ​ |  | 1.9 | ​ | ​ | 1.9
Net actuarial loss (gain) | ​ |  | (1.1) | ​ | ​ | 0.4
Benefits and administrative payments | ​ |  | (2.2) | ​ | ​ | (2.0)
Foreign currency translation adjustment | ​ |  | 2.3 | ​ | ​ | 0.9
Projected benefit obligation at end of year | ​ | $ | 53.8 | ​ | $ | 52.7
​ | ​ | ​ | ​ | ​ | ​ | ​
Change in the fair value of plan assets: | ​ | ​ | ​ | ​ | ​ | ​
Fair value of plan assets at beginning of year | ​ | $ | 51.4 | ​ | $ | 50.2
Actual return on plan assets | ​ |  | 1.7 | ​ | ​ | 2.2
Benefits and administrative payments | ​ |  | (2.2) | ​ | ​ | (2.0)
Employer contributions | ​ | ​ | 0.4 | ​ | ​ | —
Foreign currency translation adjustment | ​ |  | 2.3 | ​ | ​ | 1.0
Fair value of plan assets at end of year | ​ | $ | 53.6 | ​ | $ | 51.4
Funded status at end of year | ​ | $ | (0.2) | ​ | $ | (1.3)
Accumulated other comprehensive loss | ​ | $ | 6.8 | ​ | $ | 6.8
Accumulated benefit obligation | ​ | ​ | 51.8 | ​ | ​ | 50.6
​ The funded status of our Netherlands plan is recognized in Other liabilities on our Consolidated Balance Sheets.
Schedule of components of pension benefit charged to the consolidated statement of income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended May 31,
​ |  | 2025 |  | 2024 |  | 2023
Service cost | ​ | $ | 0.2 | ​ | $ | 0.2 | ​ | $ | 0.2
Interest cost | ​ |  | 1.9 | ​ | ​ | 1.9 | ​ |  | 1.5
Expected return on plan assets | ​ |  | (2.5) | ​ | ​ | (2.4) | ​ |  | (2.1)
Recognized net actuarial loss | ​ |  | 0.1 | ​ | ​ | — | ​ |  | —
​ | ​ | $ | (0.3) | ​ | $ | (0.3) | ​ | $ | (0.4)
Schedule of fair value of pension plan assets | The assets of the Netherlands Plan are primarily invested in funds-of-funds where each fund holds a portfolio of equity and fixed income mutual funds. To develop our expected rate of return assumption, we use long-term historical return information for our targeted asset mix and current market conditions as of the measurement date. The expected return for each asset class is weighted based on the target asset allocation to develop the expected long-term rate of return on plan assets assumption. The following table sets forth by level, within the fair value hierarchy, the Netherlands Plan assets at their fair value as of May 31, 2025:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Level 2(1) |  | Level 3(2) |  | Total
Funds-of-funds | ​ | $ | 42.2 | ​ | $ | — | ​ | $ | 42.2
Insurance annuities | ​ | ​ | — | ​ | ​ | 11.4 | ​ | ​ | 11.4
​ | ​ | $ | 42.2 | ​ | $ | 11.4 | ​ | $ | 53.6
​ The following table sets forth by level, within the fair value hierarchy, the Netherlands Plan assets at their fair value as of May 31, 2024:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Level 2(1) |  | Level 3(2) |  | Total
Funds-of-funds | ​ | $ | 40.7 | ​ | $ | — | ​ | $ | 40.7
Insurance annuities | ​ | ​ | — | ​ | ​ | 10.7 | ​ | ​ | 10.7
​ | ​ | $ | 40.7 | ​ | $ | 10.7 | ​ | $ | 51.4
(1) | Inputs other than quoted prices in active markets for identical assets that are directly observable for the asset or indirectly observable through corroboration with observable market data.
(2) | Unobservable inputs, such as internally developed pricing models or third party valuations for the asset due to little or no market activity for the asset.
Schedule of estimated future pension payments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fiscal Year
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 2031 to
​ |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | 2030 |  | 2035
Estimated future pension payments | ​ | $ | 2.4 | ​ | $ | 2.3 | ​ | $ | 2.4 | ​ | $ | 2.4 | ​ | $ | 2.5 | ​ | $ | 13.0

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (d)(5) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (f) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (q) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of net funded status of pension plans and/or other employee benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfNetFundedStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration