Derivative Instruments And Hedging Activities (Tables)

0 Months Ended

3 Months Ended

Aug. 31, 2011

May 31, 2011

Aug. 31, 2011

Schedule Of Fair Value Of Derivative Instruments

	Asset Derivatives			Liability Derivatives
(in thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate contracts	Receivables	$	-	Accounts payable	$	2,090
	Other assets		-	Other liabilities		10,415
			-			12,505
Commodity contracts	Receivables		-	Accounts payable		78
	Other assets		-	Other liabilities		-
			-			78
Totals		$	-		$	12,583
Derivatives not designated as hedging instruments:
Commodity contracts	Receivables	$	11	Accounts payable	$	338
	Other assets		-	Other accrued items		-
			11			338
Foreign exchange contracts	Receivables		478	Accounts payable		-
	Other assets		-	Other accrued items		-
			478			-
Totals		$	489		$	338
Total Derivative Instruments		$	489		$	12,921

	Asset Derivatives			Liability Derivatives
(in thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate contracts	Receivables	$	-	Accounts payable	$	2,024
	Other assets		-	Other liabilities		10,375
			-			12,399
Commodity contracts	Receivables		194	Accounts payable		-
	Other assets		-	Other liabilities		-
			194			-
Totals		$	194		$	12,399
Derivatives not designated as hedging instruments:
Commodity contracts	Receivables	$	944	Accounts payable	$	-
	Other assets		-	Other accrued items		-
			944			-
Foreign exchange contracts	Receivables		-	Accounts payable		-
	Other assets		-	Other accrued items		573
			-			573
Totals		$	944		$	573
Total Derivative Instruments		$	1,138		$	12,972

Schedule Of Derivatives Designated As Cash Flow Hedging Instruments

(in thousands)	Income (Loss) Recognized in OCI (Effective Portion)			Location of Income (Loss) Reclassified from Accumulated OCI (Effective Portion)	Income (Loss) Reclassified from Accumulated OCI (Effective Portion)			Location of Income (Loss) (Ineffective Portion) and Excluded from Effectiveness Testing	Income (Loss) (Ineffective Portion) and Excluded from Effectiveness Testing
For the three months ended August 31, 2011:
Interest rate contracts	$	(2,130	)	Interest expense	$	(1,070	)	Interest expense	$	-
Commodity contracts		284		Cost of goods sold		2,021		Cost of goods sold		-
Totals	$	(1,846	)		$	951			$	-
For the three months ended August 31, 2010:
Interest rate contracts	$	(4,488	)	Interest expense	$	(994	)	Interest expense	$	-
Commodity contracts		(322	)	Cost of goods sold		142		Cost of goods sold		-
Totals	$	(4,810	)		$	(852	)		$	-

Schedule Of Gain (Loss) Recognized In Earnings For Economic (Non-Designated) Derivative Financial Instruments

	Location of Income (Loss)	Income (Loss) Recognized in Earnings for the Three Months Ended August 31,
(in thousands)	Recognized in Earnings	2011			2010
Commodity contracts	Cost of good sold	$	(877	)	$	(714	)
Foreign exchange contracts	Miscellaneous expense		26			(1,258	)
Total		$	(851	)	$	(1,972	)

Cash Flow Hedges [Member] | Derivatives Designated As Hedging Instruments [Member]

Schedule Of Summary Of Derivative Hedges

(in thousands)	Notional Amount		Maturity Date
Commodity contracts	$	4,600		December 2011
Interest rate contracts		100,000		December 2014

Derivatives Not Designated As Hedging Instruments [Member]

Schedule Of Summary Of Derivative Hedges

(in thousands)	Notional Amount		Maturity Date(s)
Commodity contracts	$	9,250	November 2011 - October 2012
Foreign currency contracts		52,070	November 2011