Other Comprehensive Income (Loss)

9 Months Ended

Feb. 28, 2023

Components Of Other Comprehensive Income Loss [Abstract]

Other Comprehensive Income (Loss)

Note J – Other Comprehensive Income (Loss)

The following table summarizes the tax effects on each component of OCI for the periods presented:

	Three Months Ended
	February 28, 2023							February 28, 2022
	Before-Tax		Tax			Net-of-Tax		Before-Tax			Tax			Net-of-Tax
(in thousands)
Foreign currency translation	$	1,421	$	142		$	1,563	$	(1,348	)	$	(134	)	$	(1,482	)
Pension liability adjustment		415		(92	)		323		1,700			(332	)		1,368
Cash flow hedges		43,963		(9,621	)		34,342		(26,529	)		7,295			(19,234	)
Other comprehensive income (loss)	$	45,799	$	(9,571	)	$	36,228	$	(26,177	)	$	6,829		$	(19,348	)

	Nine Months Ended
	February 28, 2023									February 28, 2022
	Before-Tax			Tax			Net-of-Tax			Before-Tax			Tax			Net-of-Tax
(in thousands)
Foreign currency translation	$	(7,549	)	$	(131	)	$	(7,680	)	$	(9,473	)	$	(851	)	$	(10,324	)
Pension liability adjustment		4,155			(975	)		3,180			1,700			(336	)		1,364
Cash flow hedges		21,201			(4,159	)		17,042			(95,405	)		22,885			(72,520	)
Other comprehensive income (loss)	$	17,807		$	(5,265	)	$	12,542		$	(103,178	)	$	21,698		$	(81,480	)