Note 16 - Accumulated Other Comprehensive Income (Loss)

12 Months Ended

May 31, 2014

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

16. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Total accumulated other comprehensive income (loss) is included in the Consolidated Statement of Shareholders’ Equity. The changes in accumulated other comprehensive income (loss) are as follows (in thousands):

	Pretax			Tax			After Tax
Year Ended May 31, 2014
Foreign exchange translation adjustment	$	4,528			213			4,315
Changes in fair value of cash flow hedges		550			210			340
	$	5,078			423			4,655
Year Ended May 31, 2013
Foreign exchange translation adjustment	$	1,644			-			1,644
Changes in fair value of cash flow hedges		287			110			177
	$	1,931			110			1,821
Sucessor:
Period August 20, 2011 through May 31, 2012
Foreign exchange translation adjustment	$	(18,717	)		(332	)		(18,385	)
Changes in fair value of cash flow hedges		(2,198	)		(840	)		(1,358	)
	$	(20,915	)		(1,172	)		(19,743	)
Predecessor:
Period June 1, 2011 through August 19, 2012
Foreign exchange translation adjustment	$	(2,153	)		-			(2,153	)
	$	(2,153	)		-			(2,153	)

At August 19, 2012, the foreign exchange translation amount included within accumulated other comprehensive income (loss) was eliminated as a result of the Immucor Acquisition.

The components of accumulated other comprehensive loss are as follows (in thousands):

							Successor			Predecessor
	As of			As of			As of			As of
	May 31, 2014			May 31, 2013			May 31, 2012			August 19, 2011
Cumulative foreign currency translation adjustment	$	(12,427	)		(16,742	)		(18,385	)		14,801
Change in fair value of cash flow hedges, net of tax		(840	)		(1,180	)		(1,358	)		-
Accumulated other comprehensive (loss) income	$	(13,267	)		(17,922	)		(19,743	)		14,801