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Leases (Tables) | 12 Months Ended
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May 31, 2025
Leases [Abstract] |
Assets And Liabilities | The following table summarizes right-of-use assets and lease liabilities recorded on the Company's Consolidated Balance Sheet for the fiscal years ended May 31, 2025 and May 31, 2024:
| May 31, 2025 | May 31, 2024 |  | Location within Consolidated Balance Sheet
Operating leases | $ | 103.9 |  | $ | 99.1 |  |  | Operating lease right-of-use assets, net
Finance leases |  | 6.0 |  |  | 5.6 |  |  | Property, plant and equipment, net
Total lease assets | $ | 109.9 |  | $ | 104.7 |  |  |
Operating leases: |  |  |  |  |  |
Current portion | $ | 26.8 |  | $ | 22.4 |  |  | Operating lease liabilities, current
Noncurrent portion |  | 91.5 |  |  | 89.2 |  |  | Operating lease liabilities, noncurrent
Total operating lease liabilities | $ | 118.3 |  | $ | 111.6 |  |  |
Finance leases: |  |  |  |  |  |
Current portion | $ | 1.7 |  | $ | 1.7 |  |  | Other accrued expenses
Noncurrent portion |  | 4.9 |  |  | 4.5 |  |  | Other noncurrent liabilities
Total finance lease liabilities | $ | 6.6 |  | $ | 6.2 |  |  |
Total lease liabilities | $ | 124.9 |  | $ | 117.8 |  |  |
Lease Expense, Cash Flow and Weighted Average Information | The following table summarizes the lease expense activity for the fiscal years ended May 31:
|  |  |  |  |  |  | Location within Consolidated Statements of Operations
| 2025 | 2024 | 2023
Operating lease expense | $ | 31.7 |  | $ | 29.7 |  | $ | 26.6 |  | Selling, general and administrative expenses
Finance lease costs : |  |  |  |  |  |  |
Depreciation of leased assets |  | 1.4 |  |  | 2.1 |  |  | 2.1 |  | Depreciation and amortization
Accretion of lease liabilities |  | 0.6 |  |  | 0.3 |  |  | 0.3 |  | Interest expense
Total lease expense | $ | 33.7 |  | $ | 32.1 |  | $ | 29.0 |  |
The following table summarizes certain cash flows information related to the Company's leases for the fiscal years ended May 31:
| 2025 | 2024 | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from operating leases | $ | 28.6 |  | $ | 30.2 |  | $ | 25.9 |
Operating cash flows from finance leases |  | 0.6 |  |  | 0.3 |  |  | 0.4 |
Financing cash flows from finance leases |  | 1.7 |  |  | 2.3 |  |  | 2.3 |
Noncash transactions: |  |  |  |  |  |
Lease assets obtained in exchange for new lease liabilities | $ | 25.0 |  | $ | 40.4 |  | $ | 27.4 |
The following table summarizes the weighted-average remaining lease terms and weighted-average discount rates related to the Company's leases recorded on the Company's Consolidated Balance Sheets for the fiscal years ended May 31, 2025 and May 31, 2024:
| 2025 |  | 2024 |
Weighted-average remaining lease term (years): |  |  |  |
Operating Leases | 5.3 |  | 6.0 |
Finance Leases | 4.5 |  | 4.5 |
Weighted-average discount rate: |  |  |  |
Operating Leases | 5.6 | % |  | 5.6 | % |
Finance Leases | 5.0 | % |  | 4.5 | % |
Finance Lease, Maturity | The following table provides the maturities of the Company's lease liabilities recorded on the Company's Consolidated Balance Sheet for the fiscal year ended May 31, 2025:
| Operating Leases |  | Finance Leases
Fiscal 2026 | $ | 32.4 |  |  | $ | 2.1 |
Fiscal 2027 |  | 30.0 |  |  |  | 1.8 |
Fiscal 2028 |  | 23.7 |  |  |  | 1.4 |
Fiscal 2029 |  | 15.8 |  |  |  | 0.9 |
Fiscal 2030 |  | 10.5 |  |  |  | 0.7 |
Thereafter |  | 25.3 |  |  |  | 0.5 |
Total lease payments | $ | 137.7 |  |  | $ | 7.4 |
Less: interest |  | (19.4) |  |  |  | (0.8) |
Total lease liabilities | $ | 118.3 |  |  | $ | 6.6 |
Operating Lease, Maturity | The following table provides the maturities of the Company's lease liabilities recorded on the Company's Consolidated Balance Sheet for the fiscal year ended May 31, 2025:
| Operating Leases |  | Finance Leases
Fiscal 2026 | $ | 32.4 |  |  | $ | 2.1 |
Fiscal 2027 |  | 30.0 |  |  |  | 1.8 |
Fiscal 2028 |  | 23.7 |  |  |  | 1.4 |
Fiscal 2029 |  | 15.8 |  |  |  | 0.9 |
Fiscal 2030 |  | 10.5 |  |  |  | 0.7 |
Thereafter |  | 25.3 |  |  |  | 0.5 |
Total lease payments | $ | 137.7 |  |  | $ | 7.4 |
Less: interest |  | (19.4) |  |  |  | (0.8) |
Total lease liabilities | $ | 118.3 |  |  | $ | 6.6 |
Lessor, Operating Lease, Payment to be Received, Maturity | The following table summarizes the future rental payments to be received by the Company on an annual basis at May 31, 2025:
| Amount |
Fiscal 2026 | $ | 11.6 |  |
Fiscal 2027 |  | 12.3 |  |
Fiscal 2028 |  | 12.5 |  |
Fiscal 2029 |  | 12.8 |  |
Fiscal 2030 |  | 13.5 |  |
Thereafter |  | 45.0 |  |
Total | $ | 107.7 |  |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-12 + Details
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