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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
May 31, 2014
Investments measured at fair value on a recurring basis
Investments measured at fair value on a recurring basis subject to the disclosure requirements of ASC 820 as of May 31, 2014 and June 1, 2013, were as follows (in thousands):
 
Level 1
 
Level 2
 
Level 3
May 31, 2014
 
 
 
 
 
Time deposits/CDs
$
32,732

 
$

 
$

Equity securities
516

 

 

Total
$
33,248

 
$

 
$

June 1, 2013
 
 
 
 
 
Time deposits/CDs
$
43,989

 
$

 
$

Equity securities
443

 

 

Total
$
44,432

 
$

 
$