Other Comprehensive Income

6 Months Ended

Nov. 30, 2016

Other Comprehensive Income

NOTE H – Other Comprehensive Income

The following table summarizes the tax effects on each component of OCI for the three months ended November 30:

	2016									2015
	Before-Tax			Tax			Net-of-Tax			Before-Tax			Tax		Net-of-Tax
(in thousands)
Foreign currency translation	$	(7,517	)	$	-		$	(7,517	)	$	(9,214	)	$	-	$	(9,214	)
Pension liability adjustment		-			-			-			-			-		-
Cash flow hedges		2,047			(395	)		1,652			(3,805	)		1,282		(2,523	)
Other comprehensive loss	$	(5,470	)	$	(395	)	$	(5,865	)	$	(13,019	)	$	1,282	$	(11,737	)

The following table summarizes the tax effects on each component of OCI for the six months ended November 30:

	2016									2015
	Before-Tax			Tax			Net-of-Tax			Before-Tax			Tax		Net-of-Tax
(in thousands)
Foreign currency translation	$	(8,182	)	$	-		$	(8,182	)	$	(7,391	)	$	-	$	(7,391	)
Pension liability adjustment		-			-			-			(8	)		-		(8	)
Cash flow hedges		3,135			(858	)		2,277			(2,567	)		674		(1,893	)
Other comprehensive loss	$	(5,047	)	$	(858	)	$	(5,905	)	$	(9,966	)	$	674	$	(9,292	)