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Comprehensive Income (Tables)
6 Months Ended
Nov. 30, 2011
Comprehensive Income  
Components of comprehensive income

 

 

(In thousands)

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

November 30,

 

 

November 30,

 

 

 

2011

 

 

2010

 

 

2011

 

 

2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$ 74,350

 

 

$ 55,866

 

 

$142,988

 

 

$117,143

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

 

(20,764)

 

 

10,025

 

 

(20,546)

 

 

13,374

 

Change in fair value of derivatives*

 

27

 

 

(19)

 

 

181

 

 

(625)

 

Amortization of interest rate lock agreements

 

377

 

 

191

 

 

754

 

 

383

 

Change in fair value of available-for-sale securities**

 

7

 

 

1

 

 

25

 

 

28

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income

 

$ 53,997

 

 

$ 66,064

 

 

$123,402

 

 

$130,303

 

 

*

Net of less than $0.1 million of tax expense and less than $0.1 million of tax benefit for the three months ended November 30, 2011 and November 30, 2010, respectively. Net of $0.1 million of tax expense and net of $0.4 million of tax benefit for the six months ended November 30, 2011 and November 30, 2010, respectively.

 

 

**

Net of less than $0.1 million of tax expense for both the three months ended November 30, 2011 and November 30, 2010, respectively. Net of less than $0.1 million of tax expense for both the six months ended November 30, 2011 and November 30, 2010, respectively.