Changes in Equity (Tables)
9 Months Ended
Feb. 28, 2014
Summary of Changes in Total Equity, Shareholders' Equity Attributable to Controlling Interest, and Equity Attributable to Noncontrolling Interest

The following table provides a summary of the changes in total equity, shareholders’ equity attributable to controlling interest, and equity attributable to noncontrolling interest for the nine months ended February 28, 2014:

 

     Controlling Interest              
(in thousands)    Additional
Paid-in
Capital
    Accumulated
Other
Comprehensive
Loss,
Net of Tax
    Retained
Earnings
    Total     Non-
controlling
Interest
    Total  

Balance at May 31, 2013

   $ 244,864      $ (12,036 )    $ 597,994      $ 830,822      $ 41,415      $ 872,237   

Net earnings

     -        -        118,137        118,137        10,767        128,904   

Other comprehensive income (loss)

     -        9,906        -        9,906        (252 )      9,654   

Common shares issued

     5,246        -        -        5,246        -        5,246   

Stock-based compensation

     19,536        -        -        19,536        -        19,536   

Purchases and retirement of common shares

     (8,661 )      -        (82,417 )      (91,078 )      -        (91,078 ) 

Cash dividends declared

     -        -        (31,549 )      (31,549 )      -        (31,549 ) 

Dividends paid to noncontrolling interest

     -        -        -        -        (39,150 )      (39,150 ) 

Acquisition of ARITAS

     -        -        -        -        11,744        11,744   

Acquisition of TWB

     -        -        -        -        72,369        72,369   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at February 28, 2014

   $ 260,985      $ (2,130 )    $ 602,165      $ 861,020      $ 96,893      $ 957,913   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Components of Changes in Other Comprehensive Income (Loss)

The components of the changes in other comprehensive income (loss) were as follows:

 

(in thousands)    Foreign
Currency
Translation
     Pension
Liability
Adjustment
    Cash
Flow
Hedges
    Accumulated
Other
Comprehensive
Loss
 

Balance as of May 31, 2013

   $ 4,025       $ (10,221 )    $ (5,840 )    $ (12,036 ) 

Other comprehensive income before reclassifications

     5,846         691        (1,407 )      5,130   

Reclassification adjustments to income (a)

     -         -        6,826        6,826   

Income taxes

     -         (241 )      (1,809 )      (2,050 ) 
  

 

 

    

 

 

   

 

 

   

 

 

 

Balance as of February 28, 2014

   $ 9,871       $ (9,771 )    $ (2,230 )    $ (2,130 ) 
  

 

 

    

 

 

   

 

 

   

 

 

 

 

(a)

The income statement classification of amounts reclassified to income for cash flow hedges is disclosed in “NOTE O – Derivative Instruments and Hedging Activities.”