Comprehensive Income (Loss)

9 Months Ended

Feb. 29, 2016

Comprehensive Income (Loss)

NOTE H – Comprehensive Income (Loss)

The following table summarizes the tax effects on each component of other comprehensive income (loss) for the three months ended:

	February 29, 2016									February 28, 2015
	Before-Tax			Tax			Net-of-Tax			Before-Tax			Tax		Net-of-Tax
(in thousands)
Foreign currency translation	$	8,646		$	-		$	8,646		$	(14,873	)	$	-	$	(14,873	)
Pension liability adjustment		(90	)		-			(90	)		(1,072	)		371		(701	)
Cash flow hedges		8,505			(3,075	)		5,430			(15,253	)		5,715		(9,538	)
Other comprehensive income (loss)	$	17,061		$	(3,075	)	$	13,986		$	(31,198	)	$	6,086	$	(25,112	)

The following table summarizes the tax effects on each component of other comprehensive income (loss) for the nine months ended:

	February 29, 2016									February 28, 2015
	Before-Tax			Tax			Net-of-Tax			Before-Tax			Tax		Net-of-Tax
(in thousands)
Foreign currency translation	$	1,255		$	-		$	1,255		$	(31,735	)	$	-	$	(31,735	)
Pension liability adjustment		(98	)		-			(98	)		(1,072	)		371		(701	)
Cash flow hedges		5,938			(2,401	)		3,537			(16,683	)		6,225		(10,458	)
Other comprehensive income (loss)	$	7,095		$	(2,401	)	$	4,694		$	(49,490	)	$	6,596	$	(42,894	)