Other Comprehensive Income

9 Months Ended

Feb. 28, 2021

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
	February 28, 2021									February 29, 2020
	Before-Tax			Tax			Net-of-Tax			Before-Tax			Tax			Net-of-Tax
(in thousands)
Foreign currency translation	$	1,226			133		$	1,359		$	(576	)	$	-		$	(576	)
Pension liability adjustment		(92	)		(11	)		(103	)		176			(38	)		138
Cash flow hedges		35,796			(8,206	)		27,590			2,799			(640	)		2,159
Other comprehensive income	$	36,930		$	(8,084	)	$	28,846		$	2,399		$	(678	)	$	1,721

	Nine Months Ended
	February 28, 2021							February 29, 2020
	Before-Tax		Tax			Net-of-Tax		Before-Tax		Tax			Net-of-Tax
(in thousands)
Foreign currency translation	$	7,807		809		$	8,616	$	10,868	$	-		$	10,868
Pension liability adjustment		392		(127	)		265		1,597		(351	)		1,246
Cash flow hedges		58,589		(13,218	)		45,371		3,490		(757	)		2,733
Other comprehensive income	$	66,788	$	(12,536	)	$	54,252	$	15,955	$	(1,108	)	$	14,847