ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

7 Months Ended

Dec. 31, 2015

Summary of Changes in Accumulated Other Comprehensive Income (Loss) Included Within Shareholders' Equity

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

	Seven Months Ended December 31, 2015
	Foreign Currency Translation Adjustments			Foreign Currency Hedge		Tax Provision		Total
Balance at beginning of year	$	(20,896	)	$	4,466	$	2,892	$	(13,538	)
Other comprehensive income before tax		(7,228	)		101		2,291		(4,836	)
Balance at end of year	$	(28,124	)	$	4,567	$	5,183	$	(18,374	)

	Twelve Months Ended May 31, 2015										Twelve Months Ended May 31, 2014
	Foreign Currency Translation Adjustments			Foreign Currency Hedge		Tax Provision		Total			Foreign Currency Translation Adjustments			Foreign Currency Hedge			Tax Provision			Total
Balance at beginning of year	$	(5,145	)	$	1,229	$	1,237	$	(2,679	)	$	(3,532	)	$	2,004		$	(261	)	$	(1,789	)
Other comprehensive income before tax		(15,822	)		3,237		1,655		(10,930	)		(1,613	)		(775	)		1,498			(890	)
Non-controlling interest		71			—		—		71			—			—			—			—
Balance at end of year	$	(20,896	)	$	4,466	$	2,892	$	(13,538	)	$	(5,145	)	$	1,229		$	1,237		$	(2,679	)

Related Tax Effects Allocated to Each Component of Accumulated Other Comprehensive Income

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

	Seven Months Ended December 31, 2015									Twelve Months Ended May 31, 2015
	Gross Amount			Tax Effect			Net Amount			Gross Amount			Tax Effect			Net Amount
Foreign currency translation adjustments	$	(7,228	)	$	2,330		$	(4,898	)	$	(15,822	)	$	2,559		$	(13,263	)
Foreign currency hedge		101			(39	)		62			3,237			(904	)		2,333
Total	$	(7,127	)	$	2,291		$	(4,836	)	$	(12,585	)	$	1,655		$	(10,930	)

	Twelve Months Ended May 31, 2014								Twelve Months Ended May 31, 2013
	Gross Amount			Tax Effect		Net Amount			Gross Amount			Tax Effect		Net Amount
Foreign currency translation adjustments	$	(1,613	)	$	1,213	$	(400	)	$	1,070		$	130	$	1,200
Foreign currency hedge		(775	)		285		(490	)		(674	)		281		(393	)
Total	$	(2,388	)	$	1,498	$	(890	)	$	396		$	411	$	807