Other Comprehensive Income

6 Months Ended

Nov. 30, 2020

Equity [Abstract]

Other Comprehensive Income

NOTE J – Other Comprehensive Income

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

	Three months ended November 30,
	2020									2019
	Before-Tax			Tax			Net-of-Tax			Before-Tax		Tax			Net-of-Tax
(in thousands)
Foreign currency translation	$	(1,027	)		(24	)	$	(1,051	)	$	6,662	$	-		$	6,662
Pension liability adjustment		(4	)		-			(4	)		117		(22	)		95
Cash flow hedges		19,540			(4,322	)		15,218			4,016		(803	)		3,213
Other comprehensive income	$	18,509		$	(4,346	)	$	14,163		$	10,795	$	(825	)	$	9,970

	Six months ended November 30,
	2020							2019
	Before-Tax		Tax			Net-of-Tax		Before-Tax		Tax			Net-of-Tax
(in thousands)
Foreign currency translation	$	6,581		676		$	7,257	$	11,444	$	-		$	11,444
Pension liability adjustment		484		(116	)		368		1,421		(313	)		1,108
Cash flow hedges		22,793		(5,012	)		17,781		691		(117	)		574
Other comprehensive income	$	29,858	$	(4,452	)	$	25,406	$	13,556	$	(430	)	$	13,126