Quarterly report pursuant to Section 13 or 15(d)

Derivatives & Risk Management (Tables)

Derivatives & Risk Management (Tables)

6 Months Ended

Nov. 30, 2015

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 November 30, 2015 and May 31, 2015:



	Balance Sheet Location	November 30, 2015		May 31, 2015
Assets:
Foreign currency forward contracts	Prepaid and other current assets	$	1,640	$	697
Foreign currency forward contracts	Other non-current assets	150		54

Liabilities:
Foreign currency forward contracts	Accrued liabilities	18		141
Variable cash settlement	Accrued liabilities	187		—
Foreign currency forward contracts	Other non-current liabilities	16		—
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 six months ended November 30, 2015 in addition to the derivative contract type:



		Three Months Ended November 30,						Six Months Ended November 30,
Derivatives not designated as hedging instruments	Location of (gain) loss recognized in income on derivative instruments	2015			2014			2015			2014
Foreign currency forward contracts	Realized (gain) loss on derivatives	$	(1,378	)	$	(1,271	)	$	(1,237	)	$	(3,447	)
Foreign currency forward contracts	Unrealized (gain) loss on derivatives	682			(563		)	(1,365		)	939
Variable cash settlement	Selling, general and administrative expenses	63			(68		)	175			(237		)