Changes in Equity (Tables)

9 Months Ended

Feb. 28, 2019

Equity [Abstract]

Summary of Changes in Equity by Component and in Total

The following tables summarize the changes in equity by component and in total for the periods presented:

	Controlling Interest
				Accumulated
				Other
	Additional			Comprehensive									Non-
	Paid-in			Loss,			Retained						controlling
(in thousands)	Capital			Net of Tax			Earnings			Total			Interests			Total
Balance at May 31, 2018	$	295,592		$	(14,580	)	$	637,757		$	918,769		$	117,606		$	1,036,375
Net earnings		-			-			54,942			54,942			2,016			56,958
Other comprehensive loss		-			(5,745	)		-			(5,745	)		(17	)		(5,762	)
Common shares issued, net of withholding tax		(4,091	)		-			-			(4,091	)		-			(4,091	)
Common shares in NQ plans		152			-			-			152			-			152
Stock-based compensation		4,838			-			-			4,838			-			4,838
ASC 606 transition adjustment		-			-			1,174			1,174			570			1,744
Purchases and retirement of common shares		(4,003	)		-			(32,849	)		(36,852	)		-			(36,852	)
Cash dividends declared		-			-			(13,668	)		(13,668	)		-			(13,668	)
Dividends to noncontrolling interest		-			-			-			-			(2,320	)		(2,320	)
Balance at August 31, 2018	$	292,488		$	(20,325	)	$	647,356		$	919,519		$	117,855		$	1,037,374
Net earnings		-			-			34,002			34,002			3,790			37,792
Other comprehensive loss		-			(11,245	)		-			(11,245	)		(55	)		(11,300	)
Common shares issued, net of withholding tax		(658	)		-			-			(658	)		-			(658	)
Common shares in NQ plans		306			-			-			306			-			306
Stock-based compensation		3,730			-			-			3,730			-			3,730
Purchases and retirement of common shares		(7,540	)		-			(56,041	)		(63,581	)		-			(63,581	)
Cash dividends declared		-			-			(13,401	)		(13,401	)		-			(13,401	)
Dividends to noncontrolling interest		-			-			-			-			(4,007	)		(4,007	)
Balance at November 30, 2018	$	288,326		$	(31,570	)	$	611,916		$	868,672		$	117,583		$	986,255
Net earnings		-			-			26,773			26,773			2,775			29,548
Other comprehensive income		-			889			-			889			28			917
Common shares issued, net of withholding tax		104			-			-			104			-			104
Common shares in NQ plans		80			-			-			80			-			80
Stock-based compensation		1,947			-			-			1,947			-			1,947
Purchases and retirement of common shares		(4,061	)		-			(24,526	)		(28,587	)		-			(28,587	)
Cash dividends declared		-			-			(13,256	)		(13,256	)		-			(13,256	)
Balance at February 28, 2019	$	286,396		$	(30,681	)	$	600,907		$	856,622		$	120,386		$	977,008

	Controlling Interest
				Accumulated
				Other
	Additional			Comprehensive									Non-
	Paid-in			Loss,			Retained						controlling
(in thousands)	Capital			Net of Tax			Earnings			Total			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
Net earnings		-			-			39,403			39,403			2,219			41,622
Other comprehensive loss		-			(619	)		-			(619	)		(80	)		(699	)
Common shares issued, net of withholding tax		(722	)		-			-			(722	)		-			(722	)
Common shares in NQ plans		350			-			-			350			-			350
Stock-based compensation		3,169			-			-			3,169			-			3,169
Purchases and retirement of common shares		(7,245	)		-			(60,203	)		(67,448	)		-			(67,448	)
Cash dividends declared		-			-			(13,020	)		(13,020	)		-			(13,020	)
Dividends to noncontrolling interest		-			-			-			-			(3,196	)		(3,196	)
Balance at November 30, 2017	$	296,792		$	(11,080	)	$	633,575		$	919,287		$	123,496		$	1,042,783
Net earnings		-			-			79,088			79,088			(791	)		78,297
Other comprehensive income		-			9,126			-			9,126			111			9,237
Common shares issued, net of withholding tax		581			-			-			581			-			581
Common shares in NQ plans		117			-			-			117			-			117
Stock-based compensation		3,212			-			-			3,212			-			3,212
Purchases and retirement of common shares		(4,831	)		-			(42,587	)		(47,418	)		-			(47,418	)
Cash dividends declared		-			-			(12,822	)		(12,822	)		-			(12,822	)
Balance at February 28. 2018	$	295,871		$	(1,954	)	$	657,254		$	951,171		$	122,816		$	1,073,987

Summary of Changes in Accumulated Other Comprehensive Loss

The following table summarizes the changes in accumulated other comprehensive loss for the period presented:

										Accumulated
	Foreign			Pension						Other
	Currency			Liability			Cash Flow			Comprehensive
	Translation			Adjustment			Hedges			Loss
(in thousands)
Balance as of May 31, 2018	$	(4,987	)	$	(16,071	)	$	6,478		$	(14,580	)
Other comprehensive income (loss) before reclassifications		(8,813	)		48			(4,495	)		(13,260	)
Reclassification adjustments to income (a)		-			-			(4,942	)		(4,942	)
Income taxes		-			(108	)		2,209			2,101
Balance as of February 28, 2019	$	(13,800	)	$	(16,131	)	$	(750	)	$	(30,681	)

(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.”