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Comprehensive Income
3 Months Ended
Feb. 29, 2012
Comprehensive Income [Abstract]  
Comprehensive Income

Note H – Comprehensive Income

The components of comprehensive income (net of income tax) were as follows:

 

     Three Months Ended  
(in Millions)    February 29,
2012
     February 28,
2011
 

Net income

   $ 13.5       $ 1.0   

Amortization of unrecognized loss on terminated interest rate swap

     .4         .4   

Foreign currency translation gain

     2.5         2.6   

Defined benefit pension plans:

     

Amortization of net gain

     .2         .6   
  

 

 

    

 

 

 

Comprehensive Income

   $ 16.6       $ 4.6   
  

 

 

    

 

 

 

In November 2010, the Company terminated and settled an interest rate swap related to its previous $150 million Term Loan B at a cost of $4.3 million. As required under applicable accounting guidance, this amount was recognized in Accumulated Other Comprehensive Income (Loss) and is being amortized into interest expense through May 2012, the original term of the interest rate swap agreement. The unamortized balance at February 29, 2012 was $0.4 million.