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Derivative Instruments and Hedging Activities (Tables)
9 Months Ended
Feb. 29, 2012
Derivative Instruments and Hedging Activities  
Schedule of fair value carrying amount of the Company's interest rate derivatives

 

 

 

 

 

 

Derivative

 

Derivative

 

 

 

 

 

Assets

 

Liabilities

 

 

 

Balance Sheet Classification

 

February 29,
2012

 

February 29,
2012

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate cap

 

Long-term assets

 

$

409

 

$

 

Interest rate swap

 

Long-term liabilities

 

$

 

$

(3,805

)

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

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

February 29, 2012

 

February 29, 2012

 

Amount of pre-tax loss recorded in accumulated other comprehensive income (loss)

 

$

(937

)

$

(5,146

)

 

 

 

 

 

 

Amount of pre-tax loss reclassified from accumulated other comprehensive income (loss) to earnings

 

$

 

$

 

 

 

 

 

 

 

Amount of pre-tax loss recorded in earnings

 

$

 

$