Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Nov. 30, 2020

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The following tables summarize 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, 2020	$	(26,343)	$	(112,718)	$	(14,319)	$	(153,380)
Other comprehensive income before reclassifications	26,946		10,842		—		37,788
Amounts reclassified from accumulated other    comprehensive income (loss)	—		(358)		—		(358)
Net current period other comprehensive income	26,946		10,484		—		37,430
Balance at August 31, 2020	603		(102,234)		(14,319)		(115,950)
Other comprehensive income before reclassifications	2,960		15,942		—		18,902
Amounts reclassified from accumulated other comprehensive income (loss)	—		(359)		—		(359)
Net current period other comprehensive income	2,960		15,583		—		18,543
Balance at November 30, 2020	$	3,563	$	(86,651)	$	(14,319)	$	(97,407)

(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	—		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)

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				Six Months Ended
(In thousands)	November 30, 2020		November 30, 2019		November 30, 2020		November 30, 2019
Amortization of interest rate locks	$	474	$	474	$	948	$	948	Interest expense
Tax expense	(115)		(116)		(231)		(295)		Income taxes
Amortization of interest rate locks, net of tax	$	359	$	358	$	717	$	653	Net income