XML 27 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2
Life Insurance Loans
12 Months Ended
May 31, 2016
Investments, All Other Investments [Abstract]  
Life Insurance Loans
NOTE 8 Life Insurance Loans

Life insurance loans have no fixed repayment schedule, and have interest rates ranging from 4.2 percent to 7.4 percent. The weighted average interest rate is 5.2 percent. Prepaid interest associated with the life insurance loans totaled approximately $88,000 at May 31, 2016 and May 31, 2015, respectively; which is recorded in Other current assets.