Other Comprehensive Income

12 Months Ended

May 31, 2013

Other Comprehensive Income

17. OTHER COMPREHENSIVE INCOME

A summary of other comprehensive income included within shareholders’ equity as of May 31, 2013 and 2012 is as follows (in thousands):

	May 31, 2013			May 31, 2012
Foreign currency translation adjustments	$	(3,532	)	$	(4,593	)
Foreign currency hedge		2,004			2,678
Tax provision on other comprehensive income		(261	)		(672	)
Total	$	(1,789	)	$	(2,587	)

The following table represents the related tax effects allocated to each component of other comprehensive income (in thousands):

	Twelve Months Ended May 31, 2013								Twelve Months Ended May 31, 2012									Twelve Months Ended May 31, 2011
	Gross Amount			Tax Effect		Net Amount			Gross Amount			Tax Effect			Net Amount			Gross Amount			Tax Effect			Net Amount
Foreign currency translation adjustments	$	1,070		$	130	$	1,200		$	(8,264	)	$	1,246		$	(7,018	)	$	8,349		$	(1,368	)	$	6,981
Foreign currency hedge		(674	)		281		(393	)		2,385			(928	)		1,457			(2,587	)		1,001			(1,586	)
Total	$	396		$	411	$	807		$	(5,879	)	$	318		$	(5,561	)	$	5,762		$	(367	)	$	5,395