Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

May 31, 2020

Schedule of Changes in 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 Income (Loss) on Interest Rate Hedges		Other		Total

Balance at June 1, 2018	$	6,550	$	10,449	$	(656)	$	16,343
Other comprehensive loss before reclassifications	(21,572)		(27,659)		(5,085)		(54,316)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(1,179)		—		(1,179)
Net current period other comprehensive loss	(21,572)		(28,838)		(5,085)		(55,495)
Balance at May 31, 2019	(15,022)		(18,389)		(5,741)		(39,152)
Cumulative effect of change in accounting principle ⁽¹⁾	—		2,058		(83)		1,975
Other comprehensive loss before reclassifications	(11,321)		(94,954)		(8,495)		(114,770)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(1,433)		—		(1,433)
Net current period other comprehensive loss	(11,321)		(96,387)		(8,495)		(116,203)
Balance at May 31, 2020	$	(26,343)	$	(112,718)	$	(14,319)	$	(153,380)

⁽¹⁾ See new accounting pronouncements in Note 1 entitled Significant Accounting Policies for more information.

Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the reclassifications out of accumulated other comprehensive income (loss) during the fiscal years ended May 31:




Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)					Affected Line in the Consolidated Statements of Income

(In thousands)	2020		2019

Amortization of interest rate locks	$	1,896	$	1,896	Interest expense
Tax expense	(463)		(717)		Income taxes
Amortization of interest rate locks, net of tax	$	1,433	$	1,179	Net of tax