Other Comprehensive Income

9 Months Ended

Feb. 28, 2017

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:

	February 28, 2017								February 29, 2016
	Before-Tax			Tax		Net-of-Tax			Before-Tax			Tax			Net-of-Tax
(in thousands)
Foreign currency translation	$	905		$	-	$	905		$	8,646		$	-		$	8,646
Pension liability adjustment		(117	)		82		(35	)		(90	)		-			(90	)
Cash flow hedges		(1,299	)		378		(921	)		8,505			(3,075	)		5,430
Other comprehensive income (loss)	$	(511	)	$	460	$	(51	)	$	17,061		$	(3,075	)	$	13,986

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

	February 28, 2017									February 29, 2016
	Before-Tax			Tax			Net-of-Tax			Before-Tax			Tax			Net-of-Tax
(in thousands)
Foreign currency translation	$	(7,277	)	$	-		$	(7,277	)	$	1,255		$	-		$	1,255
Pension liability adjustment		(117	)		82			(35	)		(98	)		-			(98	)
Cash flow hedges		1,836			(480	)		1,356			5,938			(2,401	)		3,537
Other comprehensive income (loss)	$	(5,558	)	$	(398	)	$	(5,956	)	$	7,095		$	(2,401	)	$	4,694