NOTE H – Comprehensive Income

The following table summarizes the tax effects of each component of other comprehensive income for the three months ended February 28, 2014 and 2013:

 

		2014												2013
(in thousands)		Before-Tax Amount				Tax Expense				Net-of-Tax Amount				Before-Tax Amount				Tax Expense				Net-of-Tax Amount
Foreign currency translation		$	3,043				-			$	3,043			$	(1,675	)		$	-			$	(1,675	)
Pension liability adjustment			691				(241	)			450				(43	)			15				(28	)
Cash flow hedges			(62	)			(32	)			(94	)			724				113				837
Other comprehensive income (loss)		$	3,672			$	(273	)		$	3,399			$	(994	)		$	128			$	(866	)

The following table summarizes the tax effects of each component of other comprehensive income for the nine months ended February 28, 2014 and 2013:

 

		2014												2013
(in thousands)		Before-Tax Amount				Tax Expense				Net-of-Tax Amount				Before-Tax Amount				Tax Expense				Net-of-Tax Amount
Foreign currency translation		$	5,594			$	-			$	5,594			$	6,400			$	-			$	6,400
Pension liability adjustment			691				(241	)			450				(298	)			97				(201	)
Cash flow hedges			5,419				(1,809	)			3,610				2,501				(1,008	)			1,493
Other comprehensive income		$	11,704			$	(2,050	)		$	9,654			$	8,603			$	(911	)		$	7,692