Annual report pursuant to Section 13 and 15(d)

Other Comprehensive Income/(Loss)

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Other Comprehensive Income/(Loss)
 12 Months Ended
May 31, 2012
Other Comprehensive Income/(Loss) [Abstract]  
Other Comprehensive Income/(Loss)

Note J — Other Comprehensive Income/(Loss)

Other comprehensive income/(loss) results from items deferred on the Consolidated Balance Sheets in stockholders’ equity. The following table sets forth the components of other comprehensive income/(loss):

 

                         
    Year ended May 31,  

In millions

   2012     2011     2010  

Unrealized holding gains/(losses)

   $ 1.3     $ (6.0 )    $ 3.1  

Income tax (expense)/benefit related to unrealized holding gains/(losses)

     (0.4 )      1.9       (0.6 ) 

Reclassification adjustment for the net gain on sale of available-for-sale securities realized in net income

     (1.0 )      (1.3 )      (3.2 ) 

Income tax expense on reclassification adjustment for the net gain on sale of available-for-sale securities

     0.3       0.5       1.2  
   

 

 

    

 

 

    

 

 

  

Other comprehensive income/(loss)

   $ 0.2     $ (4.9 )    $ 0.5  
   

 

 

    

 

 

    

 

 

  

As of May 31, 2012, the accumulated other comprehensive income was $37.7 million, which was net of taxes of $21.8 million. As of May 31, 2011, the accumulated other comprehensive income was $37.5 million, which was net of taxes of $21.7 million. Accumulated other comprehensive income is comprised of the unrealized gains/losses, net of tax.