Note 10 - Comprehensive Income (Loss)

6 Months Ended

Nov. 30, 2011

Comprehensive Income (Loss) Note [Text Block]

10.  COMPREHENSIVE INCOME (LOSS)

The components of comprehensive income (loss) for the three months ended November 30, 2011 and 2010, as well as the six months ended November 30, 2011 separated into Predecessor and Successor periods, and the six months ended November 30, 2010 are as follows:

	Successor			Predecessor
	Three Months Ended  November 30, 2011			Three Months Ended  November 30, 2010
	(In thousands)			(In thousands)
Net (loss) income	$	(30,179	)	$	21,063
Foreign currency translation adjustment		(21,583	)		2,494
Cash flow hedge, net of tax		(123	)		-
Comprehensive (loss) income	$	(51,885	)	$	23,557

	Successor			Predecessor
	August 20, 2011 through November 30, 2011			June 1, 2011 through August 19, 2011			Six Months Ended November 30, 2010
	(In thousands)			(In thousands)			(In thousands)
Net (loss) income	$	(32,621	)	$	(6,374	)	$	42,482
Foreign currency translation adjustment		(21,417	)		(2,153	)		5,520
Cash flow hedge, net of tax		(475	)		-			-
Comprehensive (loss) income	$	(54,513	)	$	(8,527	)	$	48,002

The components of accumulated other comprehensive income (loss) as of November 30, 2011 and May 31, 2011 are as follows:

	Successor			Predecessor
	November 30, 2011			May 31, 2011
	(In thousands)			(In thousands)
Foreign currency translation adjustment		(21,417	)		16,954
Cash flow hedge, net of tax		(475	)		-
Accumulated other comprehensive (loss) income	$	(21,892	)	$	16,954