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Leases

9 Months Ended

Feb. 28, 2026

Leases [Abstract]

Leases

LEASES

The following table summarizes right-of-use assets and lease liabilities recorded on the Company's Consolidated Balance Sheet for the dates indicated:

			February 28, 2026									May 31, 2025									February 28, 2025									Location within Consolidated Balance Sheets
Operating leases			$			264.1						$			103.9						$			98.8						Operating lease right-of-use assets, net
Finance leases						13.5									6.0									6.3						Property, plant and equipment, net
Total lease assets			$			277.6						$			109.9						$			105.1
Operating leases:
Current portion			$			27.7						$			26.8						$			25.5						Operating lease liabilities, current
Noncurrent portion						251.3									91.5									84.4						Operating lease liabilities, noncurrent
Total operating lease liabilities			$			279.0						$			118.3						$			109.9
Finance leases:
Current portion			$			3.1						$			1.7						$			1.6						Other accrued expenses
Noncurrent portion						11.3									4.9									5.2						Other noncurrent liabilities
Total finance lease liabilities			$			14.4						$			6.6						$			6.8
Total lease liabilities			$			293.4						$			124.9						$			116.7

The following table summarizes the lease expense activity for the periods indicated:

			Three months ended															Nine months ended												Location within Consolidated Statements of Operations
			February 28,															February 28,
			2026						2025									2026						2025
Operating lease expense			$			12.9			$			8.0						$			29.2			$			23.7			Selling, general and administrative expenses
Finance lease costs :
Depreciation of leased assets						0.6						0.4									2.1						1.0			Depreciation and amortization
Accretion of lease liabilities						0.1						0.1									0.3						0.2			Interest expense
Total lease expense			$			13.6			$			8.5						$			31.6			$			24.9

The following table summarizes certain cash flows information related to the Company's leases for the periods indicated:

			Nine months ended
			February 28, 2026									February 28, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases			$			28.8						$			23.9
Operating cash flows from finance leases						0.3									0.2
Financing cash flows from finance leases						1.2									1.4
Noncash transactions:
Lease assets obtained in exchange for new lease liabilities			$			180.6						$			15.6

The following table provides the maturities of the Company's lease liabilities recorded on the Company's Consolidated Balance Sheet for the period ended February 28, 2026:

			Operating Leases									Finance Leases
Remainder of Fiscal 2026 (1)			$			13.2						$			1.4
Fiscal 2027						49.9									3.3
Fiscal 2028						44.0									2.9
Fiscal 2029						36.6									2.4
Fiscal 2030						32.2									2.2
Thereafter						332.9									4.4
Total lease payments			$			508.8						$			16.6
Less: interest						(229.8)									(2.2)
Total lease liabilities			$			279.0						$			14.4

(1) Includes the remaining three months of the current fiscal year ending May 31, 2026.

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 periods indicated:

			February 28, 2026						February 28, 2025
Weighted-average remaining lease term (years):
Operating Leases			12.3						5.3
Finance Leases			5.9						5.3
Weighted-average discount rate:
Operating Leases			8.6		%				5.6		%
Finance Leases			5.1		%				4.9		%

Prior to the sale and leaseback transactions that occurred in December 2025, the Company owned leasable space in its headquarters in SoHo, New York City. The Company recognized rental income of $0.7 and $7.2 in the three and nine months ended February 28, 2026, respectively, and $2.8 and $8.4 in the three and nine months ended February 28, 2025, respectively.

Leases

LEASES

The following table summarizes right-of-use assets and lease liabilities recorded on the Company's Consolidated Balance Sheet for the dates indicated:

			February 28, 2026									May 31, 2025									February 28, 2025									Location within Consolidated Balance Sheets
Operating leases			$			264.1						$			103.9						$			98.8						Operating lease right-of-use assets, net
Finance leases						13.5									6.0									6.3						Property, plant and equipment, net
Total lease assets			$			277.6						$			109.9						$			105.1
Operating leases:
Current portion			$			27.7						$			26.8						$			25.5						Operating lease liabilities, current
Noncurrent portion						251.3									91.5									84.4						Operating lease liabilities, noncurrent
Total operating lease liabilities			$			279.0						$			118.3						$			109.9
Finance leases:
Current portion			$			3.1						$			1.7						$			1.6						Other accrued expenses
Noncurrent portion						11.3									4.9									5.2						Other noncurrent liabilities
Total finance lease liabilities			$			14.4						$			6.6						$			6.8
Total lease liabilities			$			293.4						$			124.9						$			116.7

The following table summarizes the lease expense activity for the periods indicated:

			Three months ended															Nine months ended												Location within Consolidated Statements of Operations
			February 28,															February 28,
			2026						2025									2026						2025
Operating lease expense			$			12.9			$			8.0						$			29.2			$			23.7			Selling, general and administrative expenses
Finance lease costs :
Depreciation of leased assets						0.6						0.4									2.1						1.0			Depreciation and amortization
Accretion of lease liabilities						0.1						0.1									0.3						0.2			Interest expense
Total lease expense			$			13.6			$			8.5						$			31.6			$			24.9

The following table summarizes certain cash flows information related to the Company's leases for the periods indicated:

			Nine months ended
			February 28, 2026									February 28, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases			$			28.8						$			23.9
Operating cash flows from finance leases						0.3									0.2
Financing cash flows from finance leases						1.2									1.4
Noncash transactions:
Lease assets obtained in exchange for new lease liabilities			$			180.6						$			15.6

The following table provides the maturities of the Company's lease liabilities recorded on the Company's Consolidated Balance Sheet for the period ended February 28, 2026:

			Operating Leases									Finance Leases
Remainder of Fiscal 2026 (1)			$			13.2						$			1.4
Fiscal 2027						49.9									3.3
Fiscal 2028						44.0									2.9
Fiscal 2029						36.6									2.4
Fiscal 2030						32.2									2.2
Thereafter						332.9									4.4
Total lease payments			$			508.8						$			16.6
Less: interest						(229.8)									(2.2)
Total lease liabilities			$			279.0						$			14.4

(1) Includes the remaining three months of the current fiscal year ending May 31, 2026.

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 periods indicated:

			February 28, 2026						February 28, 2025
Weighted-average remaining lease term (years):
Operating Leases			12.3						5.3
Finance Leases			5.9						5.3
Weighted-average discount rate:
Operating Leases			8.6		%				5.6		%
Finance Leases			5.1		%				4.9		%

Prior to the sale and leaseback transactions that occurred in December 2025, the Company owned leasable space in its headquarters in SoHo, New York City. The Company recognized rental income of $0.7 and $7.2 in the three and nine months ended February 28, 2026, respectively, and $2.8 and $8.4 in the three and nine months ended February 28, 2025, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/842-20/tableOfContent

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X

- Definition

The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/842-20/tableOfContent

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