Other Comprehensive Income

9 Months Ended

Feb. 28, 2019

Equity [Abstract]

Other Comprehensive Income

NOTE I – Other Comprehensive Income

The following table summarizes the tax effects on each component of OCI for the periods presented:

	Three months ended February 28,
	2019									2018
	Before-Tax			Tax			Net-of-Tax			Before-Tax			Tax		Net-of-Tax
(in thousands)
Foreign currency translation	$	1,476		$	-		$	1,476		$	9,542		$	-	$	9,542
Pension liability adjustment		48			(11	)		37			230			21		251
Cash flow hedges		(844	)		248			(596	)		(711	)		155		(556	)
Other comprehensive income	$	680		$	237		$	917		$	9,061		$	176	$	9,237

	Nine months ended February 28,
	2019									2018
	Before-Tax			Tax			Net-of-Tax			Before-Tax			Tax		Net-of-Tax
(in thousands)
Foreign currency translation	$	(8,857	)	$	-		$	(8,857	)	$	26,925		$	-	$	26,925
Pension liability adjustment		48			(108	)		(60	)		230			15		245
Cash flow hedges		(9,437	)		2,209			(7,228	)		(1,213	)		334		(879	)
Other comprehensive income (loss)	$	(18,246	)	$	2,101		$	(16,145	)	$	25,942		$	349	$	26,291