v3.26.1
Fair Value and Derivatives (Tables)
12 Months Ended
May 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Other Derivatives Not Designated As Hedging Instruments Statements of Financial Performance And Financial Position Location

 

 

 

 

 

 

 

 

Fair Value of Derivatives Not Designated as Hedging Instruments

 

Balance Sheet Location

 

May 31, 2026

 

 

May 31, 2025

 

Foreign currency forward contracts, net

 

Other current liabilities

 

$

(0.1

)

 

$

0.4

Schedule of Gain Loss From Derivatives Not Designated As Hedging Instruments Statements of Financial Performance And Location

The location and amount of gains (loss) from derivatives not designated as hedging instruments in our consolidated statements of operations were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives Not Designated as Hedging Instruments

 

Location in statements of operations

 

May 31, 2026

 

 

May 31, 2025

 

 

May 31, 2024

 

Foreign currency forward contracts

 

Other, net

 

$

(0.8

)

 

$

0.5

 

 

$

0.1

 

Summary of Interest Rate Swaps on Recurring Basis Using Observable Market Inputs for Similar Assets or Liabilities

We record the fair value of our interest rate swaps on a recurring basis using Level 2 observable market inputs for similar assets or liabilities in active markets.

 

 

 

 

 

 

 

 

 

 

Fair Value of Derivatives Designated as Hedging Instruments

 

Balance Sheet Location

 

May 31, 2026

 

 

May 31, 2025

 

Interest rate swaps – current

 

Other current liabilities

 

$

(0.6

)

 

$

(0.4

)

Interest rate swaps – non-current

 

Other non-current liabilities

 

$

 

 

$

(1.3

)

 

Summary of Fair Value of Term Loan and Senior Notes

Fair values of the Company’s Term Loan and Senior Notes were as follows:

 

 

Year Ended May 31,

 

 

 

2026

 

 

2025

 

Aggregate fair value

 

 

815.5

 

 

 

914.9

 

Aggregate carrying value (1)

 

 

800.0

 

 

 

900.0

 

(1) Excludes unamortized debt issuance costs.