Other Comprehensive Income (Loss)

6 Months Ended

Nov. 30, 2019

Equity [Abstract]

Other Comprehensive Income (Loss)

NOTE J – Other Comprehensive Income (Loss)

The following table summarizes the tax effects on each component of OCI for the periods presented:

	Three months ended November 30,
	2019							2018
	Before-Tax		Tax			Net-of-Tax		Before-Tax			Tax		Net-of-Tax
(in thousands)
Foreign currency translation	$	6,662	$	-		$	6,662	$	(6,638	)	$	-	$	(6,638	)
Pension liability adjustment		117		(22	)		95		-			-		-
Cash flow hedges		4,016		(803	)		3,213		(6,066	)		1,404		(4,662	)
Other comprehensive income (loss)	$	10,795	$	(825	)	$	9,970	$	(12,704	)	$	1,404	$	(11,300	)

	Six months ended November 30,
	2019							2018
	Before-Tax		Tax			Net-of-Tax		Before-Tax			Tax			Net-of-Tax
(in thousands)
Foreign currency translation	$	11,444	$	-		$	11,444	$	(10,333	)	$	-		$	(10,333	)
Pension liability adjustment		1,421		(313	)		1,108		-			(97	)		(97	)
Cash flow hedges		691		(117	)		574		(8,593	)		1,961			(6,632	)
Other comprehensive income (loss)	$	13,556	$	(430	)	$	13,126	$	(18,926	)	$	1,864		$	(17,062	)