Comprehensive Income

9 Months Ended

Feb. 28, 2014

Comprehensive Income

NOTE H – Comprehensive Income

The following table summarizes the tax effects of each component of other comprehensive income for the three months ended February 28, 2014 and 2013:

	2014									2013
(in thousands)	Before-Tax Amount			Tax Expense			Net-of-Tax Amount			Before-Tax Amount			Tax Expense		Net-of-Tax Amount
Foreign currency translation	$	3,043			-		$	3,043		$	(1,675	)	$	-	$	(1,675	)
Pension liability adjustment		691			(241	)		450			(43	)		15		(28	)
Cash flow hedges		(62	)		(32	)		(94	)		724			113		837
Other comprehensive income (loss)	$	3,672		$	(273	)	$	3,399		$	(994	)	$	128	$	(866	)

The following table summarizes the tax effects of each component of other comprehensive income for the nine months ended February 28, 2014 and 2013:

	2014							2013
(in thousands)	Before-Tax Amount		Tax Expense			Net-of-Tax Amount		Before-Tax Amount			Tax Expense			Net-of-Tax Amount
Foreign currency translation	$	5,594	$	-		$	5,594	$	6,400		$	-		$	6,400
Pension liability adjustment		691		(241	)		450		(298	)		97			(201	)
Cash flow hedges		5,419		(1,809	)		3,610		2,501			(1,008	)		1,493
Other comprehensive income	$	11,704	$	(2,050	)	$	9,654	$	8,603		$	(911	)	$	7,692