Changes in Equity (Tables)

9 Months Ended

Feb. 28, 2014

Summary of Changes in Total Equity, Shareholders' Equity Attributable to Controlling Interest, and Equity Attributable to Noncontrolling Interest

The following table provides a summary of the changes in total equity, shareholders’ equity attributable to controlling interest, and equity attributable to noncontrolling interest for the nine months ended February 28, 2014:

	Controlling Interest
(in thousands)	Additional Paid-in Capital			Accumulated Other Comprehensive Loss, Net of Tax			Retained Earnings			Total			Non- controlling Interest			Total
Balance at May 31, 2013	$	244,864		$	(12,036	)	$	597,994		$	830,822		$	41,415		$	872,237
Net earnings		-			-			118,137			118,137			10,767			128,904
Other comprehensive income (loss)		-			9,906			-			9,906			(252	)		9,654
Common shares issued		5,246			-			-			5,246			-			5,246
Stock-based compensation		19,536			-			-			19,536			-			19,536
Purchases and retirement of common shares		(8,661	)		-			(82,417	)		(91,078	)		-			(91,078	)
Cash dividends declared		-			-			(31,549	)		(31,549	)		-			(31,549	)
Dividends paid to noncontrolling interest		-			-			-			-			(39,150	)		(39,150	)
Acquisition of ARITAS		-			-			-			-			11,744			11,744
Acquisition of TWB		-			-			-			-			72,369			72,369
Balance at February 28, 2014	$	260,985		$	(2,130	)	$	602,165		$	861,020		$	96,893		$	957,913

Components of Changes in Other Comprehensive Income (Loss)

The components of the changes in other comprehensive income (loss) were as follows:

(in thousands)	Foreign Currency Translation		Pension Liability Adjustment			Cash Flow Hedges			Accumulated Other Comprehensive Loss
Balance as of May 31, 2013	$	4,025	$	(10,221	)	$	(5,840	)	$	(12,036	)
Other comprehensive income before reclassifications		5,846		691			(1,407	)		5,130
Reclassification adjustments to income (a)		-		-			6,826			6,826
Income taxes		-		(241	)		(1,809	)		(2,050	)
Balance as of February 28, 2014	$	9,871	$	(9,771	)	$	(2,230	)	$	(2,130	)

(a) The income statement classification of amounts reclassified to income for cash flow hedges is disclosed in “NOTE O – Derivative Instruments and Hedging Activities.”