Other Comprehensive Income

6 Months Ended

Nov. 30, 2018

Equity [Abstract]

Other Comprehensive Income

NOTE I – Other Comprehensive Income

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

	Three months ended November 30,
	2018								2017
	Before-Tax			Tax		Net-of-Tax			Before-Tax			Tax		Net-of-Tax
(in thousands)
Foreign currency translation	$	(6,638	)	$	-	$	(6,638	)	$	1,511		$	-	$	1,511
Pension liability adjustment		-			-		-			-			-		-
Cash flow hedges		(6,066	)		1,404		(4,662	)		(3,495	)		1,285		(2,210	)
Other comprehensive loss	$	(12,704	)	$	1,404	$	(11,300	)	$	(1,984	)	$	1,285	$	(699	)

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

	Six months ended November 30,
	2018									2017
	Before-Tax			Tax			Net-of-Tax			Before-Tax			Tax			Net-of-Tax
(in thousands)
Foreign currency translation	$	(10,333	)	$	-		$	(10,333	)	$	17,383		$	-		$	17,383
Pension liability adjustment		-			(97	)		(97	)		-			(6	)		(6	)
Cash flow hedges		(8,593	)		1,961			(6,632	)		(502	)		179			(323	)
Other comprehensive income (loss)	$	(18,926	)	$	1,864		$	(17,062	)	$	16,881		$	173		$	17,054