v3.26.3
Guarantees
3 Months Ended
Aug. 31, 2026
Guarantees and Product Warranties [Abstract]  
Guarantees

Note 7 – Guarantees

The Company does not have guarantees that it believes are reasonably likely to have a material current or future effect on its consolidated financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

At August 31, 2026, the Company had in place outstanding stand-by letters of credit in the aggregate amount of approximately $40.9 million, issued as security for certain insurance, supply, and other contractual obligations of the Company. This amount represents the maximum potential undiscounted future payments the Company could be required to make under these instruments. These letters of credit would be drawn upon only if the Company failed to satisfy the underlying obligation to which the applicable letter of credit relates, which the Company considers remote. No amounts were drawn against any of these instruments at August 31, 2026, and these instruments are generally subject to annual renewal.