Comprehensive Income

3 Months Ended

Aug. 31, 2013

Comprehensive Income

NOTE G – Comprehensive Income

The following table summarizes each component of other comprehensive income for the three months ended August 31, 2013:

(in thousands)	Before-Tax Amount			Tax Expense			Net-of-Tax Amount
Foreign currency translation	$	(486	)	$	-		$	(486	)
Pension liability adjustment		-			-			-
Cash flow hedges		4,820			(1,469	)		3,351
Other comprehensive income	$	4,334		$	(1,469	)	$	2,865

The following table summarizes the tax effects of each component of other comprehensive income for the three months ended August 31, 2012:

(in thousands)	Before-Tax Amount			Tax Expense			Net-of-Tax Amount
Foreign currency translation	$	3,908		$	-		$	3,908
Pension liability adjustment		(255	)		83			(172	)
Cash flow hedges		1,224			(240	)		984
Other comprehensive income	$	4,877		$	(157	)	$	4,720