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