Quarterly report pursuant to Section 13 or 15(d)

Derivatives & Risk Management (Tables)

Derivatives & Risk Management (Tables)

9 Months Ended

Feb. 29, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table summarizes the fair value of derivative instruments by contract type as well as the location of the asset and/or liability on the consolidated balance sheets at February 29, 2016 and May 31, 2015, respectively:



	Balance Sheet Location	February 29, 2016		May 31, 2015
Assets:
Foreign currency forward contracts	Prepaid and other current assets	$	1,637	$	697
Foreign currency forward contracts	Other non-current assets	321		54

Liabilities:
Foreign currency forward contracts	Accrued liabilities	2,485		141
Variable cash settlement	Accrued liabilities	476		—
Foreign currency forward contracts	Other non-current liabilities	543		—
Variable cash settlement	Other non-current liabilities	—		20

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table summarizes the location of gains and losses on the consolidated statements of income that were recognized during the three and nine months ended February 29, 2016, respectively, in addition to the derivative contract type:



		Three Months Ended February 29 and 28,						Nine Months Ended February 29 and 28,
Derivatives not designated as hedging instruments	Location of (gain) loss recognized in income on derivative instruments	2016			2015			2016			2015
Foreign currency forward contracts	Realized gain on derivatives	$	(746	)	$	(1,431	)	$	(1,983	)	$	(4,878	)
Foreign currency forward contracts	Unrealized loss on derivatives	2,589			56			1,224			994
Variable cash settlement	Selling, general and administrative expenses	279			(43		)	453			(279		)