Comprehensive Income (Loss)

9 Months Ended

Feb. 28, 2015

Comprehensive Income (Loss)

NOTE I – Comprehensive Income (Loss)

The following table summarizes the tax effects on each component of other comprehensive income (loss) for the three months ended February 28, 2015 and 2014:

	2015								2014
	Before-Tax Amount			Tax Benefit		Net-of-Tax Amount			Before-Tax Amount			Tax Expense			Net-of-Tax Amount
(in thousands)
Foreign currency translation		(14,873	)	$	-	$	(14,873	)	$	3,043			-		$	3,043
Pension liability adjustment		(1,072	)		371		(701	)		691			(241	)		450
Cash flow hedges		(15,253	)		5,715		(9,538	)		(62	)		(32	)		(94	)
Other comprehensive income (loss )	$	(31,198	)	$	6,086	$	(25,112	)	$	3,672		$	(273	)	$	3,399

The following table summarizes the tax effects on each component of other comprehensive income (loss) for the nine months ended February 28, 2015 and 2014:

	2015								2014
	Before-Tax Amount			Tax Benefit		Net-of-Tax Amount			Before-Tax Amount		Tax Expense			Net-of-Tax Amount
(in thousands)
Foreign currency translation	$	(31,735	)	$	-	$	(31,735	)	$	5,594	$	-		$	5,594
Pension liability adjustment		(1,072	)		371		(701	)		691		(241	)		450
Cash flow hedges		(16,683	)		6,225		(10,458	)		5,419		(1,809	)		3,610
Other comprehensive income (loss)	$	(49,490	)	$	6,596	$	(42,894	)	$	11,704	$	(2,050	)	$	9,654