Accumulated Other Comprehensive (Loss)/Income
|12 Months Ended|
May 31, 2018
|Accumulated Other Comprehensive (Loss)/Income [Abstract]|
|Accumulated Other Comprehensive (Loss)/ Income||
Note L — Accumulated Other Comprehensive (Loss)/Income
The change in unrealized gains and losses, net of applicable taxes, related to investments in available-for-sale securities and foreign currency translation adjustments are the primary components reported in accumulated other comprehensive (loss)/ income in the Company’s Consolidated Balance Sheets. The changes in accumulated other comprehensive (loss)/income are as follows:
Reclassification adjustments out of accumulated other comprehensive income are for realized gains on the sales of available-for-sale securities and impacted interest on funds held for clients on the Consolidated Statements of Income and Comprehensive Income.
The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.
Reference 1: http://www.xbrl.org/2003/role/presentationRef