Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measures

v3.3.1.900
Fair Value Measures
9 Months Ended
Feb. 29, 2016
Fair Value Disclosures [Abstract]  
Fair Value Measures
FAIR VALUE MEASURES

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of February 29, 2016 and May 31, 2015, respectively, and indicate the level of the fair value hierarchy utilized by the Company to determine such fair value:
 
Fair Value Measurements as of February 29, 2016 Using:
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
Foreign currency forward contracts
$

 
$
1,958

 
$

Liabilities:
 
 
 
 
 
Foreign currency forward contracts
 
 
$
3,028

 
 
Variable cash settlement
$

 
$
476

 
$

 
Fair Value Measurements as of May 31, 2015 Using:
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
Foreign currency forward contracts
$

 
$
751

 
$

Liabilities:
 
 
 
 
 
Foreign currency forward contracts
 
 
$
141

 
 
Variable cash settlement
$

 
$
20

 
$



Refer to Note 6 - Intangible Assets, Net and Goodwill for details on the fair value measures used in the impairment on goodwill and intangible assets.