| Changes in Equity |
Note H – Changes in Equity The following tables summarize the changes in equity by component and in total for the periods presented:
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|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
Controlling Interest |
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|
|
|
|
|
|
|
Additional |
|
|
AOCI |
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|
|
|
|
|
|
|
|
|
|
|
|
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Paid In |
|
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Net of |
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|
Retained |
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|
|
|
|
Noncontrolling |
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|
|
|
|
Capital |
|
|
Tax |
|
|
Earnings |
|
|
Subtotal |
|
|
Interest |
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|
Total |
|
Balance at May 31, 2026 |
$ |
311,997 |
|
|
$ |
10,906 |
|
|
$ |
704,137 |
|
|
$ |
1,027,040 |
|
|
$ |
- |
|
|
$ |
1,027,040 |
|
Net earnings |
|
- |
|
|
|
- |
|
|
|
42,572 |
|
|
|
42,572 |
|
|
|
- |
|
|
|
42,572 |
|
Other comprehensive loss |
|
- |
|
|
|
(1,335 |
) |
|
|
- |
|
|
|
(1,335 |
) |
|
|
- |
|
|
|
(1,335 |
) |
Common shares issued, net of withholding tax |
|
2,660 |
|
|
|
- |
|
|
|
- |
|
|
|
2,660 |
|
|
|
- |
|
|
|
2,660 |
|
Common shares in non-qualified plans |
|
89 |
|
|
|
- |
|
|
|
- |
|
|
|
89 |
|
|
|
- |
|
|
|
89 |
|
Stock-based compensation |
|
4,192 |
|
|
|
- |
|
|
|
- |
|
|
|
4,192 |
|
|
|
- |
|
|
|
4,192 |
|
Repurchase and retirement of common shares |
|
(2,147 |
) |
|
|
- |
|
|
|
(16,065 |
) |
|
|
(18,212 |
) |
|
|
- |
|
|
|
(18,212 |
) |
Cash dividends declared |
|
- |
|
|
|
- |
|
|
|
(9,814 |
) |
|
|
(9,814 |
) |
|
|
- |
|
|
|
(9,814 |
) |
Balance at August 31, 2026 |
$ |
316,791 |
|
|
$ |
9,571 |
|
|
$ |
720,830 |
|
|
$ |
1,047,192 |
|
|
$ |
- |
|
|
$ |
1,047,192 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
Controlling Interest |
|
|
|
|
|
|
|
|
Additional |
|
|
AOCI |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paid In |
|
|
Net of |
|
|
Retained |
|
|
|
|
|
Noncontrolling |
|
|
|
|
|
Capital |
|
|
Tax |
|
|
Earnings |
|
|
Subtotal |
|
|
Interest |
|
|
Total |
|
Balance at May 31, 2025 |
$ |
308,608 |
|
|
$ |
4,050 |
|
|
$ |
624,529 |
|
|
$ |
937,187 |
|
|
$ |
1,050 |
|
|
$ |
938,237 |
|
Net earnings (loss) |
|
- |
|
|
|
- |
|
|
|
35,148 |
|
|
|
35,148 |
|
|
|
(327 |
) |
|
|
34,821 |
|
Other comprehensive income |
|
- |
|
|
|
1,083 |
|
|
|
- |
|
|
|
1,083 |
|
|
|
- |
|
|
|
1,083 |
|
Common shares issued, net of withholding tax |
|
(3,552 |
) |
|
|
- |
|
|
|
- |
|
|
|
(3,552 |
) |
|
|
- |
|
|
|
(3,552 |
) |
Common shares in non-qualified plans |
|
78 |
|
|
|
- |
|
|
|
- |
|
|
|
78 |
|
|
|
- |
|
|
|
78 |
|
Stock-based compensation |
|
4,856 |
|
|
|
- |
|
|
|
- |
|
|
|
4,856 |
|
|
|
- |
|
|
|
4,856 |
|
Repurchase and retirement of common shares |
|
(623 |
) |
|
|
- |
|
|
|
(5,636 |
) |
|
|
(6,259 |
) |
|
|
- |
|
|
|
(6,259 |
) |
Cash dividends declared |
|
- |
|
|
|
- |
|
|
|
(9,433 |
) |
|
|
(9,433 |
) |
|
|
- |
|
|
|
(9,433 |
) |
Balance at August 31, 2025 |
$ |
309,367 |
|
|
$ |
5,133 |
|
|
$ |
644,608 |
|
|
$ |
959,108 |
|
|
$ |
723 |
|
|
$ |
959,831 |
|
The following table summarizes the changes in AOCI for the periods presented:
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|
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|
|
|
|
|
|
|
|
|
|
|
|
Foreign Currency Translation |
|
|
Pension Liability Adjustment |
|
|
Cash Flow Hedges |
|
|
AOCI |
|
Balance at May 31, 2026 |
$ |
9,775 |
|
|
$ |
(270 |
) |
|
$ |
1,401 |
|
|
$ |
10,906 |
|
OCI before reclassifications |
|
(695 |
) |
|
|
- |
|
|
|
(1,035 |
) |
|
|
(1,730 |
) |
Reclassification adjustments to net earnings (1) |
|
- |
|
|
|
- |
|
|
|
355 |
|
|
|
355 |
|
Income tax effect |
|
(81 |
) |
|
|
- |
|
|
|
121 |
|
|
|
40 |
|
Balance at August 31, 2026 |
$ |
8,999 |
|
|
$ |
(270 |
) |
|
$ |
842 |
|
|
$ |
9,571 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign Currency Translation |
|
|
Pension Liability Adjustment |
|
|
Cash Flow Hedges |
|
|
AOCI |
|
Balance at May 31, 2025 |
$ |
2,581 |
|
|
$ |
(365 |
) |
|
$ |
1,834 |
|
|
$ |
4,050 |
|
OCI before reclassifications |
|
1,280 |
|
|
|
(14 |
) |
|
|
334 |
|
|
|
1,600 |
|
Reclassification adjustments to net earnings (1) |
|
- |
|
|
|
- |
|
|
|
(773 |
) |
|
|
(773 |
) |
Income tax effect |
|
127 |
|
|
|
3 |
|
|
|
126 |
|
|
|
256 |
|
Balance at August 31, 2025 |
$ |
3,988 |
|
|
$ |
(376 |
) |
|
$ |
1,521 |
|
|
$ |
5,133 |
|
—————————————————— (1)The statement of earnings classification of amounts reclassified to net income for cash flow hedges is disclosed in “Note M – Derivative Financial Instruments and Hedging Activities.” On March 24, 2021, the Board authorized the repurchase of up to 10,000,000 common shares. These common shares may be repurchased from time to time, with consideration given to the market price of the common shares, the nature of other investment opportunities, cash flows from operations, general economic conditions and other relevant considerations. Repurchases may be made on the open market or through privately negotiated transactions. During the current year quarter, we repurchased a total of 335,000 common shares under this authorization, leaving 4,230,000 common shares available for repurchase at August 31, 2026.
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