Other Comprehensive Income (Tables)

6 Months Ended

Nov. 30, 2016

Summary of Tax Effects on Each Component of OCI

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	)