Changes in Equity (Tables)

9 Months Ended

Feb. 29, 2016

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

The following table provides a summary of the changes in total equity, shareholders’ equity attributable to controlling interest, and equity attributable to noncontrolling interests for the nine months ended February 29, 2016:

	Controlling Interest
(in thousands)	Additional Paid-in Capital			Cumulative Other Comprehensive Loss, Net of Tax			Retained Earnings			Total			Non- controlling Interests			Total
Balance at May 31, 2015	$	289,078		$	(50,704	)	$	510,738		$	749,112		$	90,937		$	840,049
Net earnings		-			-			84,227			84,227			9,698			93,925
Other comprehensive income		-			2,185			-			2,185			2,509			4,694
Common shares issued, net of withholding tax		5,811			-			-			5,811			-			5,811
Common shares in NQ plans		881			-			-			881			-			881
Stock-based compensation		13,466			-			-			13,466			-			13,466
Purchases and retirement of common shares		(16,296	)		-			(83,552	)		(99,848	)		-			(99,848	)
Cash dividends declared		-			-			(36,058	)		(36,058	)		-			(36,058	)
Payments to noncontrolling interest		-			-			-			-			(9,106	)		(9,106	)
Balance at February 29, 2016	$	292,940		$	(48,519	)	$	475,355		$	719,776		$	94,038		$	813,814

Components of Changes in Accumulated Other Comprehensive Loss

The components of the changes in accumulated other comprehensive loss were as follows:

(in thousands)	Foreign Currency Translation			Pension Liability Adjustment			Cash Flow Hedges			Accumulated Other Comprehensive Loss
Balance as of May 31, 2015	$	(20,717	)	$	(15,003	)	$	(14,984	)	$	(50,704	)
Other comprehensive income (loss) before reclassifications		(1,254	)		(98	)		(17,903	)		(19,255	)
Reclassification adjustments to income (a)		-			-			23,841			23,841
Income taxes		-			-			(2,401	)		(2,401	)
Balance as of February 29, 2016	$	(21,971	)	$	(15,101	)	$	(11,447	)	$	(48,519	)

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