Changes in Equity (Tables)

3 Months Ended

Aug. 31, 2017

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 three months ended August 31, 2017:

	Controlling Interest
(in thousands)	Additional Paid-in Capital			Accumulated Other Comprehensive Loss, Net of Tax			Retained Earnings			Total			Non controlling Interests			Total
Balance at May 31, 2017	$	303,391		$	(27,775	)	$	676,019		$	951,635		$	122,294		$	1,073,929
Net earnings		-			-			45,534			45,534			2,540			48,074
Other comprehensive income		-			17,314			-			17,314			439			17,753
Common shares issued, net of withholding tax		(3,274	)		-			-			(3,274	)		-			(3,274	)
Common shares in NQ plans		536			-			-			536			-			536
Stock-based compensation		4,822			-			-			4,822			-			4,822
Purchases and retirement of common shares		(4,235	)		-			(40,841	)		(45,076	)		-			(45,076	)
Cash dividends declared		-			-			(13,317	)		(13,317	)		-			(13,317	)
Dividends to noncontrolling interest		-			-			-			-			(720	)		(720	)
Balance at August 31, 2017	$	301,240		$	(10,461	)	$	667,395		$	958,174		$	124,553		$	1,082,727

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, 2017	$	(17,358	)	$	(14,819	)	$	4,402		$	(27,775	)
Other comprehensive income before reclassifications		15,433			-			6,798			22,231
Reclassification adjustments to income (a)		-			-			(3,805	)		(3,805	)
Income taxes		-			(6	)		(1,106	)		(1,112	)
Balance as of August 31, 2017	$	(1,925	)	$	(14,825	)	$	6,289		$	(10,461	)

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