NOTE I – Changes in Equity

The following table summarizes the changes in equity by component and in total for the six months ended November 30, 2017:


	Controlling Interest
(in thousands)	Additional Paid-in Capital			Accumulated Other Comprehensive Loss, Net of Tax			Retained Earnings			Total			Non controlling Interests			Total
Balance at May 31, 2017	$	303,391		$	(27,775	)	$	676,019		$	951,635		$	122,294		$	1,073,929
Net earnings		-			-			84,937			84,937			4,759			89,696
Other comprehensive income		-			16,695			-			16,695			359			17,054
Common shares issued, net of withholding tax		(3,996	)		-			-			(3,996	)		-			(3,996	)
Common shares in NQ plans		886			-			-			886			-			886
Stock-based compensation		7,991			-			-			7,991			-			7,991
Purchases and retirement of common shares		(11,480	)		-			(101,044	)		(112,524	)		-			(112,524	)
Cash dividends declared		-			-			(26,337	)		(26,337	)		-			(26,337	)
Dividends to noncontrolling interest		-			-			-			-			(3,916	)		(3,916	)

Balance at November 30, 2017	$	296,792		$	(11,080	)	$	633,575		$	919,287		$	123,496		$	1,042,783

The following table summarizes the changes in accumulated other comprehensive loss for the six months ended November 30, 2017:


(in thousands)	Foreign Currency Translation			Pension Liability Adjustment			Cash Flow Hedges			Accumulated Other Comprehensive Loss
Balance as of May 31, 2017	$	(17,358	)	$	(14,819	)	$	4,402		$	(27,775	)
Other comprehensive income before reclassifications		17,024			-			8,912			25,936
Reclassification adjustments to income (a)		-			-			(9,414	)		(9,414	)
Income taxes		-			(6	)		179			173

Balance as of November 30, 2017	$	(334	)	$	(14,825	)	$	4,079		$	(11,080	)

(a)	The statement of earnings classification of amounts reclassified to income for cash flow hedges is disclosed in “NOTE O – Derivative Instruments and Hedging Activities.”