Operating Leases

12 Months Ended

May. 31, 2015

Operating Leases

Note R – Operating Leases

We lease certain property and equipment from third parties under non-cancelable operating lease agreements. Rent expense under operating leases was $17,219,000, $14,677,000 and $13,831,000 in fiscal 2015, fiscal 2014 and fiscal 2013, respectively. Future minimum lease payments for non-cancelable operating leases having an initial or remaining term in excess of one year at May 31, 2015, were as follows:

(in thousands)
2016	$	9,425
2017		8,276
2018		6,931
2019		5,796
2020		4,365
Thereafter		3,684
Total	$	38,477