| Assets and Liabilities Measured at Fair Value on Recurring Basis and Categorized using Fair Value Hierarchy |
The following tables present our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1) |
|
Significant
Other
Observable
Inputs (Level 2) |
|
Significant
Unobservable
Inputs (Level 3) |
|
Fair Value at
August 31, 2026 |
|
Available-for-sale debt securities: |
|
|
|
|
|
|
|
|
U.S. Treasury and other government |
$ |
- |
|
$ |
25,190 |
|
$ |
- |
|
$ |
25,190 |
|
Corporate bonds |
|
- |
|
|
117 |
|
|
- |
|
|
117 |
|
Total available-for-sale debt securities |
|
- |
|
|
25,307 |
|
|
- |
|
|
25,307 |
|
Marketable equity securities: |
|
|
|
|
|
|
|
|
Stocks – foreign |
|
389 |
|
|
- |
|
|
- |
|
|
389 |
|
Stocks – domestic |
|
5,525 |
|
|
- |
|
|
- |
|
|
5,525 |
|
Mutual funds – foreign |
|
- |
|
|
52,599 |
|
|
- |
|
|
52,599 |
|
Mutual funds – domestic |
|
14,119 |
|
|
112,610 |
|
|
- |
|
|
126,729 |
|
Total marketable equity securities |
|
20,033 |
|
|
165,209 |
|
|
- |
|
|
185,242 |
|
Contingent consideration |
|
- |
|
|
- |
|
|
(408 |
) |
|
(408 |
) |
Total |
$ |
20,033 |
|
$ |
190,516 |
|
$ |
(408 |
) |
$ |
210,141 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1) |
|
Significant
Other
Observable
Inputs (Level 2) |
|
Significant
Unobservable
Inputs (Level 3) |
|
Fair Value at
May 31, 2026 |
|
Available-for-sale debt securities: |
|
|
|
|
|
|
|
|
U.S. Treasury and other government |
$ |
- |
|
$ |
25,231 |
|
$ |
- |
|
$ |
25,231 |
|
Corporate bonds |
|
- |
|
|
123 |
|
|
- |
|
|
123 |
|
Total available-for-sale debt securities |
|
- |
|
|
25,354 |
|
|
- |
|
|
25,354 |
|
Marketable equity securities: |
|
|
|
|
|
|
|
|
Stocks – foreign |
|
370 |
|
|
- |
|
|
- |
|
|
370 |
|
Stocks – domestic |
|
5,213 |
|
|
- |
|
|
- |
|
|
5,213 |
|
Mutual funds – foreign |
|
- |
|
|
49,082 |
|
|
- |
|
|
49,082 |
|
Mutual funds – domestic |
|
13,664 |
|
|
106,065 |
|
|
- |
|
|
119,729 |
|
Total marketable equity securities |
|
19,247 |
|
|
155,147 |
|
|
- |
|
|
174,394 |
|
Contingent consideration |
|
- |
|
|
- |
|
|
(5,349 |
) |
|
(5,349 |
) |
Total |
$ |
19,247 |
|
$ |
180,501 |
|
$ |
(5,349 |
) |
$ |
194,399 |
|
|
| Fair Value and Carrying Value of Long-Term Debt |
Based on the analysis performed, the fair value and the carrying value of our long-term debt as of August 31, 2026 and May 31, 2026, is as follows:
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|
|
At August 31, 2026 |
|
(In thousands) |
|
Carrying Value |
|
Fair Value |
|
Long-term debt, including current portion |
|
$ |
2,406,525 |
|
$ |
2,279,883 |
|
|
|
|
|
|
|
|
|
At May 31, 2026 |
|
(In thousands) |
|
Carrying Value |
|
Fair Value |
|
Long-term debt, including current portion |
|
$ |
2,533,524 |
|
$ |
2,434,070 |
|
|