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Comprehensive Income
6 Months Ended
Nov. 30, 2014
Comprehensive Income

NOTE H – Comprehensive Income

The following table summarizes the tax effects on each component of other comprehensive income (loss) for the three months ended November 30, 2014 and 2013:

 

     2014     2013  
(in thousands)    Before-Tax
Amount
    Tax Benefit      Net-of-Tax
Amount
    Before-Tax
Amount
     Tax Expense     Net-of-Tax
Amount
 

Foreign currency translation

   $ (7,270   $ -       $ (7,270   $ 3,037         -      $ 3,037   

Cash flow hedges

     (2,973     1,092         (1,881     661         (308     353   
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Other comprehensive income (loss)

   $ (10,243   $ 1,092       $ (9,151   $ 3,698       $ (308   $ 3,390   
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

The following table summarizes the tax effects on each component of other comprehensive income (loss) for the six months ended November 30, 2014 and 2013:

 

     2014     2013  
(in thousands)    Before-Tax
Amount
    Tax Benefit      Net-of-Tax
Amount
    Before-Tax
Amount
     Tax Expense     Net-of-Tax
Amount
 

Foreign currency translation

   $ (16,862   $ -       $ (16,862   $ 2,551       $ -      $ 2,551   

Cash flow hedges

     (1,430     510         (920     5,481         (1,777     3,704   
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Other comprehensive income (loss)

   $ (18,292   $ 510       $ (17,782   $ 8,032       $ (1,777   $ 6,255