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.” |
|