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Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Aug. 31, 2011
Derivative Instruments and Hedging Activities  
Schedule of fair value carrying amount of the Companys interest rate derivatives

 

 

 

 

 

Derivative

 

Derivative

 

 

 

 

 

Assets

 

Liabilities

 

 

 

Balance Sheet Classification

 

August 31, 2011

 

August 31, 2011

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate cap

 

Long-term assets

 

$

759

 

$

 

Interest rate swap

 

Long-term liabilities

 

$

 

$

(2,880

)

 

Impact of the interest rate swap and interest cap agreement on the condensed consolidated statement of income

 

Three Months Ended

 

 

 

August 31, 2011

 

 

 

 

 

Gain (loss) recognized in other comprehensive income — effective portion

 

$

(2,515

)

 

 

 

 

Gain (loss) reclassified from accumulated other comprehensive income into income

 

$

 

 

 

 

 

Gain (loss) recognized in income — ineffective portion

 

$