Comprehensive Income (Loss) (Tables)

12 Months Ended

May. 31, 2015

Summary of Tax Effects of Each Component of Other Comprehensive Income (Loss)

The following table summarizes the tax effects of each component of other comprehensive income (loss) for the fiscal years ended May 31:

	2015								2014									2013
(in thousands)	Before- Tax			Tax		Net-of- Tax			Before- Tax			Tax			Net-of- Tax			Before- Tax		Tax			Net-of- Tax
Foreign currency translation	$	(34,229	)		-	$	(34,229	)	$	7,618			-		$	7,618		$	5,393		-		$	5,393
Pension liability adjustment		(5,652	)		1,914		(3,738	)		(1,555	)		511			(1,044	)		3,688		(1,415	)		2,273
Cash flow hedges		(18,605	)		6,952		(11,653	)		3,548			(1,039	)		2,509			1,461		(763	)		698
Other comprehensive income (loss)	$	(58,486	)	$	8,866	$	(49,620	)	$	9,611		$	(528	)	$	9,083		$	10,542	$	(2,178	)	$	8,364

Components of Changes in Accumulated Other Comprehensive Loss

The components of the changes in accumulated other comprehensive loss for the fiscal years ended May 31, 2015 were as follows:

(in thousands)	Foreign Currency Translation			Pension Liability Adjustment			Cash Flow Hedges			Accumulated Other Comprehensive Loss
Balance as of May 31, 2014	$	11,015		$	(11,265	)	$	(3,331	)	$	(3,581	)
Other comprehensive loss before reclassifications		(31,732	)		(5,979	)		(28,652	)		(66,363	)
Reclassification adjustments to income (a)		-			327			10,047			10,374
Income taxes		-			1,914			6,952			8,866
Balance as of May 31, 2015	$	(20,717	)	$	(15,003	)	$	(14,984	)	$	(50,704	)