Other Comprehensive Income (Loss)

9 Months Ended

Feb. 28, 2022

Components Of Other Comprehensive Income Loss [Abstract]

Other Comprehensive Income (Loss)

NOTE K – Other Comprehensive Income (Loss)

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

	Three Months Ended
	February 28, 2022									February 28, 2021
	Before-Tax			Tax			Net-of-Tax			Before-Tax			Tax			Net-of-Tax
(in thousands)
Foreign currency translation	$	(1,348	)		(134	)	$	(1,482	)	$	1,226			133		$	1,359
Pension liability adjustment		1,700			(332	)		1,368			(92	)		(11	)		(103	)
Cash flow hedges		(26,529	)		7,295			(19,234	)		35,796			(8,206	)		27,590
Other comprehensive income (loss)	$	(26,177	)	$	6,829		$	(19,348	)	$	36,930		$	(8,084	)	$	28,846

	Nine Months Ended
	February 28, 2022									February 28, 2021
	Before-Tax			Tax			Net-of-Tax			Before-Tax		Tax			Net-of-Tax
(in thousands)
Foreign currency translation	$	(9,473	)		(851	)	$	(10,324	)	$	7,807		809		$	8,616
Pension liability adjustment		1,700			(336	)		1,364			392		(127	)		265
Cash flow hedges		(95,405	)		22,885			(72,520	)		58,589		(13,218	)		45,371
Other comprehensive income (loss)	$	(103,178	)	$	21,698		$	(81,480	)	$	66,788	$	(12,536	)	$	54,252