Fair Value Measurements (Tables)

3 Months Ended

Aug. 31, 2026

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

At August 31, 2026, our assets and liabilities measured at fair value on a recurring basis were as follows:


	(Level 1)		(Level 2)		(Level 3)		Totals
Assets
Derivative financial instruments (1)	$	-	$	743	$	-	$	743
Investment in marketable securities (2)		4,057		-		-		4,057
Total assets	$	4,057	$	743	$	-	$	4,800

Liabilities
Derivative financial instruments (1)	$	-	$	1,081	$	-	$	1,081
Total liabilities	$	-	$	1,081	$	-	$	1,081

At May 31, 2026, our assets and liabilities measured at fair value on a recurring basis were as follows:


	(Level 1)		(Level 2)		(Level 3)		Totals
Assets
Derivative financial instruments (1)	$	-	$	1,364	$	-	$	1,364
Investment in marketable securities (2)		4,057		-		-		4,057
Total assets	$	4,057	$	1,364	$	-	$	5,421

Liabilities
Derivative financial instruments (1)	$	-	$	1,257	$	-	$	1,257
Total liabilities	$	-	$	1,257	$	-	$	1,257

——————————————————

(1)

The fair value of our derivative financial instruments is based on the present value of the expected future cash flows considering the risks involved, including non-performance risk, and using discount rates appropriate for the respective maturities. Market observable, Level 2 inputs are used to determine the present value of the expected future cash flows. Refer to “Note M – Derivative Financial Instruments and Hedging Activities” for additional information regarding our use of derivative financial instruments.

(2)

In exchange for our interest in the divested assets of the composite business of the heiserTEC joint venture, we received common shares of both Hexagon Composites and Hexagon Purus, which are recorded at fair value on a recurring basis and included in other assets in the consolidated balance sheet.