Note 17 - Accumulated Other Comprehensive (Loss) Income

12 Months Ended

May. 31, 2015

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

17. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

Total accumulated other comprehensive (loss) income is included in the Consolidated Statement of Shareholders’ Equity. The changes in accumulated other comprehensive (loss) income are as follows (in thousands):

	Pretax			Tax			After Tax
Year Ended May 31, 2015
Foreign exchange translation adjustment	$	(30,276	)		(3,564	)		(26,712	)
Changes in fair value of cash flow hedges		698			283			415
	$	(29,578	)		(3,281	)		(26,297	)
Year Ended May 31, 2014
Foreign exchange translation adjustment	$	4,528			213			4,315
Changes in fair value of cash flow hedges		550			210			340
	$	5,078			423			4,655
Year Ended May 31, 2013
Foreign exchange translation adjustment	$	1,644			-			1,644
Changes in fair value of cash flow hedges		287			110			177
	$	1,931			110			1,821

The components of accumulated other comprehensive loss are as follows (in thousands):

	As of May 31
	2015			2014			2013
Cumulative foreign currency translation adjustment	$	(39,139	)		(12,427	)		(16,742	)
Change in fair value of cash flow hedges, net of tax		(425	)		(840	)		(1,180	)
Accumulated other comprehensive loss	$	(39,564	)		(13,267	)		(17,922	)