Leases (Tables)

12 Months Ended

May 31, 2026

Leases [Abstract]

Schedule of Components of Lease Expense

The components of lease expense for fiscal 2026, fiscal 2025, and fiscal 2024 were as follows:


(In millions)		2026				2025				2024
Operating lease cost		$	14.3			$	11.4			$	10.1
Finance lease cost:
Amortization of right-of-use asset			2.5				-				-
Interest expense			0.2				-				-
Short-term lease cost			1.3				3.0				2.6
Variable lease cost			3.7				3.7				2.3
Total lease cost		$	22.0			$	18.1			$	15.0

Other Information Related to Company' s Leases

May 31, 2026, May 31, 2025, and May 31, 2024 is provided below:


		2026								2025								2024
(Dollars in millions)		Operating Leases				Finance Leases				Operating Leases				Finance Leases				Operating Leases				Finance Leases
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows		$	10.7			$	0.2			$	7.9			$	-			$	6.7			$	-
Financing cash flows		$	-			$	2.6			$	-			$	-			$	-			$	-
ROU assets obtained in exchange for lease liabilities		$	19.9			$	8.2			$	8.0			$	-			$	4.4			$	-
Weighted-average remaining lease term (in years)			10.82				3.25				12.53				-				13.53				-
Weighted-average discount rate			3.49	%			2.11	%			3.58	%			0.00	%			3.48	%			0.00	%

Schedule of Future Minimum Lease Payments for Non-Cancelable Operating Leases

Future minimum lease payments for non-cancelable leases having an initial or remaining term in excess of one year at May 31, 2026, were as follows:


(In millions)		Operating Leases				Finance Leases
2027		$	13.2			$	3.0
2028			12.2				2.8
2029			11.1				1.6
2030			10.0				0.8
2031			8.7				0.5
Thereafter			51.6				-
Total		$	106.8			$	8.7
Less: imputed interest			(17.7	)			(0.3	)
Present value of lease liabilities		$	89.1			$	8.4