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Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Aug. 31, 2023
Equity [Abstract]  
Summary of Tax Effects on Each Component of OCI

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

 

 

Three Months Ended

 

 

August 31, 2023

 

 

August 31, 2022

 

(In thousands)

Before-Tax

 

 

Tax

 

 

Net-of-Tax

 

 

Before-Tax

 

 

Tax

 

 

Net-of-Tax

 

Foreign currency translation

$

1,326

 

 

$

118

 

 

$

1,444

 

 

$

(9,519

)

 

$

(581

)

 

$

(10,100

)

Pension liability adjustment

 

-

 

 

 

(3

)

 

 

(3

)

 

 

3,725

 

 

 

(786

)

 

 

2,939

 

Cash flow hedges

 

(8,811

)

 

 

1,962

 

 

 

(6,849

)

 

 

(17,097

)

 

 

3,796

 

 

 

(13,301

)

Other comprehensive income (loss)

$

(7,485

)

 

$

2,077

 

 

$

(5,408

)

 

$

(22,891

)

 

$

2,429

 

 

$

(20,462

)