XML 50 R35.htm IDEA: XBRL DOCUMENT
v3.21.2

Debt (Tables) | 12 Months Ended
--- | ---
May 31, 2021
Debt Disclosure [Abstract] |
Schedule of debt | The following table summarizes the Company's debt as of May 31:
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
|  | 2021 |  |  | 2020
Loan Agreement: |  |  |  |  |  |  |  |  |  |  |
Revolving Loan | $ | 175.0 |  |  | $ | 175.0 |  |  | $ | 200.0 |  |  | $ | 200.0 |
Unsecured Lines of Credit (weighted average interest rates of 4.7% and 4.6%, respectively) |  | 7.9 |  |  |  | 7.9 |  |  |  | 7.9 |  |  |  | 7.9 |
UK long-term debt |  | 7.3 |  |  |  | 7.3 |  |  |  | 10.6 |  |  |  | 10.6 |
Total debt | $ | 190.2 |  |  | $ | 190.2 |  |  | $ | 218.5 |  |  | $ | 218.5 |
Less: lines of credit and current portion of long-term debt |  | (182.9) |  |  |  | (182.9) |  |  |  | (7.9) |  |  |  | (7.9) |
Total long-term debt | $ | 7.3 |  |  | $ | 7.3 |  |  | $ | 210.6 |  |  | $ | 210.6 |
Schedule of Maturities of Long-term Debt | The following table sets forth the maturities of the carrying values of the Company’s debt obligations as of May 31, 2021 for the fiscal years ended May 31:
2022 | $ | 182.9 |
2023 |  | 7.3 |
2024 |  | — |
2025 |  | — |
2026 |  | — |
Thereafter |  | — |
Total debt | $ | 190.2 |

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

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration