XML 44 R31.htm IDEA: XBRL DOCUMENT v3.21.2
Changes in Equity (Tables)
3 Months Ended
Aug. 31, 2021
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

 

 

Income,

 

 

Retained

 

 

 

 

 

 

controlling

 

 

 

 

 

(in thousands)

 

Capital

 

 

Net of Tax

 

 

Earnings

 

 

Total

 

 

Interests

 

 

Total

 

Balance at May 31, 2021

 

$

282,790

 

 

$

45,387

 

 

$

1,070,016

 

 

$

1,398,193

 

 

$

153,502

 

 

$

1,551,695

 

Net earnings

 

 

-

 

 

 

-

 

 

 

132,491

 

 

 

132,491

 

 

 

8,984

 

 

 

141,475

 

Other comprehensive loss

 

 

-

 

 

 

(4,274

)

 

 

-

 

 

 

(4,274

)

 

 

-

 

 

 

(4,274

)

Common shares issued, net of withholding tax

 

 

(4,091

)

 

 

-

 

 

 

-

 

 

 

(4,091

)

 

 

-

 

 

 

(4,091

)

Common shares in non-qualified plans

 

 

89

 

 

 

-

 

 

 

-

 

 

 

89

 

 

 

-

 

 

 

89

 

Stock-based compensation

 

 

6,324

 

 

 

-

 

 

 

-

 

 

 

6,324

 

 

 

-

 

 

 

6,324

 

Purchases and retirement of common shares

 

 

(5,477

)

 

 

-

 

 

 

(55,408

)

 

 

(60,885

)

 

 

-

 

 

 

(60,885

)

Cash dividends declared

 

 

-

 

 

 

-

 

 

 

(14,504

)

 

 

(14,504

)

 

 

-

 

 

 

(14,504

)

Dividends to noncontrolling interests

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(9,197

)

 

 

(9,197

)

Balance at August 31, 2021

 

$

279,635

 

 

$

41,113

 

 

$

1,132,595

 

 

$

1,453,343

 

 

$

153,289

 

 

$

1,606,632

 

 

 

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, 2020

 

$

283,776

 

 

$

(35,217

)

 

$

572,262

 

 

$

820,821

 

 

$

145,612

 

 

$

966,433

 

Net earnings

 

 

-

 

 

 

-

 

 

 

616,675

 

 

 

616,675

 

 

 

2,063

 

 

 

618,738

 

Other comprehensive income

 

 

-

 

 

 

11,242

 

 

 

-

 

 

 

11,242

 

 

 

-

 

 

 

11,242

 

Common shares issued, net of withholding tax

 

 

(1,150

)

 

 

-

 

 

 

-

 

 

 

(1,150

)

 

 

-

 

 

 

(1,150

)

Common shares in non-qualified plans

 

 

90

 

 

 

-

 

 

 

-

 

 

 

90

 

 

 

-

 

 

 

90

 

Stock-based compensation

 

 

3,022

 

 

 

-

 

 

 

-

 

 

 

3,022

 

 

 

-

 

 

 

3,022

 

Purchases and retirement of common shares

 

 

(7,536

)

 

 

-

 

 

 

(46,784

)

 

 

(54,320

)

 

 

-

 

 

 

(54,320

)

Cash dividends declared

 

 

-

 

 

 

-

 

 

 

(13,595

)

 

 

(13,595

)

 

 

-

 

 

 

(13,595

)

Dividends to noncontrolling interests

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(560

)

 

 

(560

)

Balance at August 31, 2020

 

$

278,202

 

 

$

(23,975

)

 

$

1,128,558

 

 

$

1,382,785

 

 

$

147,115

 

 

$

1,529,900

 

 

 

Summary of Changes in Accumulated Other Comprehensive Income (Loss)

The following tables summarize the changes in accumulated other comprehensive income (loss) for the periods presented:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

Foreign

 

 

Pension

 

 

 

 

 

 

Other

 

 

 

Currency

 

 

Liability

 

 

Cash Flow

 

 

Comprehensive

 

(in thousands)

 

Translation

 

 

Adjustment

 

 

Hedges

 

 

Income

 

Balance as of May 31, 2021

 

$

1,779

 

 

$

(15,955

)

 

$

59,563

 

 

$

45,387

 

Other comprehensive income (loss) before reclassifications

 

 

(3,617

)

 

 

-

 

 

 

35,220

 

 

 

31,603

 

Reclassification adjustments to net earnings (a)

 

 

-

 

 

 

-

 

 

 

(35,419

)

 

 

(35,419

)

Income tax effect

 

 

(358

)

 

 

-

 

 

 

(100

)

 

 

(458

)

Balance as of August 31, 2021

 

$

(2,196

)

 

$

(15,955

)

 

$

59,264

 

 

$

41,113

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

Foreign

 

 

Pension

 

 

 

 

 

 

Other

 

 

 

Currency

 

 

Liability

 

 

Cash Flow

 

 

Comprehensive

 

(in thousands)

 

Translation

 

 

Adjustment

 

 

Hedges

 

 

Loss

 

Balance as of May 31, 2020

 

$

(9,142

)

 

$

(21,886

)

 

$

(4,189

)

 

$

(35,217

)

Other comprehensive income before reclassifications

 

 

7,608

 

 

 

488

 

 

 

385

 

 

 

8,481

 

Reclassification adjustments to net earnings (a)

 

 

-

 

 

 

-

 

 

 

2,868

 

 

 

2,868

 

Income tax effect

 

 

700

 

 

 

(116

)

 

 

(691

)

 

 

(107

)

Balance as of August 31, 2020

 

$

(834

)

 

$

(21,514

)

 

$

(1,627

)

 

$

(23,975

)

 

(a)

The statement of earnings classification of amounts reclassified to net earnings for cash flow hedges is disclosed in “Note Q – Derivative Instruments and Hedging Activities.”