ACCUMULATED OTHER COMPREHENSIVE INCOME

6 Months Ended

Nov. 30, 2015

ACCUMULATED OTHER COMPREHENSIVE INCOME

12. ACCUMULATED OTHER COMPREHENSIVE INCOME

A summary of changes in accumulated other comprehensive income included within shareholders’ equity is as follows (in thousands):

	Six Months Ended November 30, 2015										Six Months Ended November 30, 2014
	(unaudited)										(unaudited)
	Foreign Currency Translation Adjustments			Foreign Currency Hedge		Tax Provision		Total			Foreign Currency Translation Adjustments			Foreign Currency Hedge		Tax Provision		Total
Balance, beginning of period	$	(20,896	)	$	4,466	$	2,892	$	(13,538	)	$	(5,145	)	$	1,229	$	1,237	$	(2,679	)
Other comprehensive income (loss) before tax		(6,020	)		505		1,402		(4,113	)		(6,939	)		1,439		777		(4,723	)
Non-controlling interest		—			—		—		—			37			—		—		37
Balance, end of period	$	(26,916	)	$	4,971	$	4,294	$	(17,651	)	$	(12,047	)	$	2,668	$	2,014	$	(7,365	)

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

	Six Months Ended November 30, 2015									Six Months Ended November 30, 2014
	(unaudited)									(unaudited)
	Gross Amount			Tax Effect			Net Amount			Gross Amount			Tax Effect			Net Amount
Foreign currency translation adjustments	$	(6,020	)	$	1,594		$	(4,426	)	$	(6,939	)	$	1,336		$	(5,603	)
Foreign currency hedge		505			(192	)		313			1,439			(559	)		880
Total	$	(5,515	)	$	1,402		$	(4,113	)	$	(5,500	)	$	777		$	(4,723	)