| Assets and Liabilities Measured at Fair Value on Recurring Basis and Categorized using Fair Value Hierarchy |
The following tables present our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1) |
|
Significant
Other
Observable
Inputs (Level 2) |
|
Significant
Unobservable
Inputs (Level 3) |
|
Fair Value at
August 31, 2024 |
|
Available-for-sale debt securities: |
|
|
|
|
|
|
|
|
U.S. Treasury and other government |
$ |
- |
|
$ |
28,742 |
|
$ |
- |
|
$ |
28,742 |
|
Corporate bonds |
|
- |
|
|
144 |
|
|
- |
|
|
144 |
|
Total available-for-sale debt securities |
|
- |
|
|
28,886 |
|
|
- |
|
|
28,886 |
|
Marketable equity securities: |
|
|
|
|
|
|
|
|
Stocks – foreign |
|
1,606 |
|
|
- |
|
|
- |
|
|
1,606 |
|
Stocks – domestic |
|
9,403 |
|
|
- |
|
|
- |
|
|
9,403 |
|
Mutual funds – foreign |
|
- |
|
|
42,359 |
|
|
- |
|
|
42,359 |
|
Mutual funds – domestic |
|
- |
|
|
87,430 |
|
|
- |
|
|
87,430 |
|
Total marketable equity securities |
|
11,009 |
|
|
129,789 |
|
|
- |
|
|
140,798 |
|
Contingent consideration |
|
- |
|
|
- |
|
|
(2,210 |
) |
|
(2,210 |
) |
Total |
$ |
11,009 |
|
$ |
158,675 |
|
$ |
(2,210 |
) |
$ |
167,474 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1) |
|
Significant
Other
Observable
Inputs (Level 2) |
|
Significant
Unobservable
Inputs (Level 3) |
|
Fair Value at
May 31,
2024 |
|
Available-for-sale debt securities: |
|
|
|
|
|
|
|
|
U.S. Treasury and other government |
$ |
- |
|
$ |
26,559 |
|
$ |
- |
|
$ |
26,559 |
|
Corporate bonds |
|
- |
|
|
138 |
|
|
- |
|
|
138 |
|
Total available-for-sale debt securities |
|
- |
|
|
26,697 |
|
|
- |
|
|
26,697 |
|
Marketable equity securities: |
|
|
|
|
|
|
|
|
Stocks – foreign |
|
1,518 |
|
|
- |
|
|
- |
|
|
1,518 |
|
Stocks – domestic |
|
9,028 |
|
|
- |
|
|
- |
|
|
9,028 |
|
Mutual funds – foreign |
|
- |
|
|
39,114 |
|
|
- |
|
|
39,114 |
|
Mutual funds – domestic |
|
- |
|
|
77,966 |
|
|
- |
|
|
77,966 |
|
Total marketable equity securities |
|
10,546 |
|
|
117,080 |
|
|
- |
|
|
127,626 |
|
Contingent consideration |
|
- |
|
|
- |
|
|
(2,229 |
) |
|
(2,229 |
) |
Total |
$ |
10,546 |
|
$ |
143,777 |
|
$ |
(2,229 |
) |
$ |
152,094 |
|
|
| Fair Value and Carrying Value of Long-Term Debt |
Based on the analysis performed, the fair value and the carrying value of our long-term debt as of August 31, 2024 and May 31, 2024 is as follows:
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|
|
|
|
|
|
At August 31, 2024 |
|
(In thousands) |
|
Carrying Value |
|
Fair Value |
|
Long-term debt, including current portion |
|
$ |
2,052,166 |
|
$ |
1,958,791 |
|
|
|
|
|
|
|
|
|
At May 31, 2024 |
|
(In thousands) |
|
Carrying Value |
|
Fair Value |
|
Long-term debt, including current portion |
|
|
2,127,148 |
|
|
1,979,359 |
|
|