Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Feb. 29, 2020

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive income (loss), net of tax:

(In thousands)	Foreign Currency		Unrealized Loss on Interest Rate Hedges		Other		Total
Balance at June 1, 2019	$	(15,022)	$	(18,389)	$	(5,741)	$	(39,152)
Other comprehensive income (loss) before reclassifications	6,724		(29,903)		—		(23,179)
Amounts reclassified from accumulated other    comprehensive income (loss)	—		(295)		—		(295)
Net current period other comprehensive income (loss)	6,724		(30,198)		—		(23,474)
Cumulative effect of change in accounting principle (1)	—		2,058		(83)		1,975
Balance at August 31, 2019	(8,298)		(46,529)		(5,824)		(60,651)
Other comprehensive income before reclassifications	1,413		22,761		—		24,174
Amounts reclassified from accumulated other comprehensive income (loss)	—		(358)		—		(358)
Net current period other comprehensive income	1,413		22,403		—		23,816
Balance at November 30, 2019	(6,885)		(24,126)		(5,824)		(36,835)
Other comprehensive loss before reclassifications	(4,039)		(53,582)		—		(57,621)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(358)		—		(358)
Net current period other comprehensive loss	(4,039)		(53,940)		—		(57,979)
Balance at February 29, 2020	$	(10,924)	$	(78,066)	$	(5,824)	$	(94,814)

⁽¹⁾        See new accounting pronouncements in Note 1 entitled Basis of Presentation for more information.

(In thousands)	Foreign Currency		Unrealized Income on Interest Rate Hedges		Other		Total
Balance at June 1, 2018	$	6,550	$	10,449	$	(656)	$	16,343
Other comprehensive loss before reclassifications	(3,019)		(3,168)		—		(6,187)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(295)		—		(295)
Net current period other comprehensive loss	(3,019)		(3,463)		—		(6,482)
Balance at August 31, 2018	3,531		6,986		(656)		9,861
Other comprehensive (loss) income before reclassifications	(10,623)		4,921		—		(5,702)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(294)		—		(294)
Net current period other comprehensive (loss) income	(10,623)		4,627		—		(5,996)
Balance at November 30, 2018	(7,092)		11,613		(656)		3,865
Other comprehensive (loss) income before reclassifications	5,025		(8,183)		—		(3,158)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(295)		—		(295)
Net current period other comprehensive income (loss)	5,025		(8,478)		—		(3,453)
Balance at February 28, 2019	$	(2,067)	$	3,135	$	(656)	$	412

The following table summarizes the reclassifications out of accumulated other comprehensive income (loss):

Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)								Affected Line in the Consolidated Condensed Statements of Income
	Three Months Ended				Nine Months Ended
(In thousands)	February 29, 2020		February 28, 2019		February 29, 2020		February 28, 2019
Amortization of interest rate locks	$	474	$	474	$	1,422	$	1,422	Interest expense
Tax expense	(116)		(179)		(411)		(538)		Income taxes
Amortization of interest rate locks, net of tax	$	358	$	295	$	1,011	$	884	Net income