v3.26.1
Leases (Tables)
12 Months Ended
May 31, 2026
Leases [Abstract]  
Summary of Lease Costs

The following represents our lease costs for the fiscal years ending May 31, 2026, 2025 and 2024:

May 31,

 

2026

 

 

2025

 

 

2024

 

(In thousands)

 

 

 

 

 

 

 

 

 

Operating lease expense

 

$

100,294

 

 

$

92,040

 

 

$

87,225

 

Variable lease expense

 

 

20,830

 

 

 

16,839

 

 

 

15,305

 

Short-term lease expense

 

 

2,223

 

 

 

2,458

 

 

 

2,104

 

Summary of Supplemental Cash Flow Disclosures

The following represents our supplemental cash flow disclosures for the fiscal years ending May 31, 2026, 2025 and 2024:

May 31,

 

2026

 

 

2025

 

 

2024

 

(In thousands)

 

 

 

 

 

 

 

 

 

Operating cash outflows from operating leases

 

$

99,076

 

 

$

86,632

 

 

$

81,540

 

Leased assets obtained in exchange for operating lease obligations

 

 

108,212

 

 

 

106,396

 

 

 

69,749

 

Summary of Supplemental Balance Sheet and Other Required Disclosures

The following represents our supplemental balance sheet and other required disclosures as of May 31, 2026 and 2025:

May 31,

 

2026

 

 

2025

 

(In thousands, except percentages)

 

 

 

 

 

 

Current portion of operating leases within other accrued liabilities

 

$

74,571

 

 

$

69,846

 

Weighted average remaining lease term for operating leases (in years)

 

 

9.0

 

 

 

8.6

 

Weighted average discount rate for operating leases

 

 

4.5

%

 

 

4.5

%

Schedule of Future Undiscounted Cash Flows and Reconciliation to Lease Liabilities

The following represents our future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities, as of May 31, 2026:

Year ending May 31,

 

Operating Leases

 

(In thousands)

 

 

 

2027

 

$

89,954

 

2028

 

 

74,519

 

2029

 

 

57,390

 

2030

 

 

47,440

 

2031

 

 

37,678

 

Thereafter

 

 

205,119

 

Total lease payments

 

$

512,100

 

Less imputed interest

 

 

96,246

 

Total present value of lease liabilities

 

$

415,854