XML 35 R24.htm IDEA: XBRL DOCUMENT v3.3.1.900
Subsequent Events
9 Months Ended
Feb. 29, 2016
Subsequent Events [Abstract]  
Subsequent Events
SUBSEQUENT EVENTS
 
The Company’s Board of Directors declared a quarterly cash dividend of $0.15 per share on the Company’s Class A and Common Stock for the fourth quarter of fiscal 2016. The dividend is payable on June 15, 2016 to shareholders of record as of the close of business on April 29, 2016.

In March 2016, the Company is beginning its construction program to create new premium retail space and a more modern and efficient office floor plan at the Company's headquarters location in New York City. As a result, the Company will abandon certain existing building improvements during the course of the construction.