Comprehensive Income (Tables)

6 Months Ended

Nov. 30, 2014

Summary of Tax Effects of Each Component of Other Comprehensive Income (Loss)

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