Good
towb (tobe)
good (as an adjective) in the widest sense; used likewise as a noun
understanding
sekel (seh'-kel)
intelligence; by implication, success -- discretion, knowledge, policy, prudence, sense, understanding, wisdom, wise.
giveth
nathan (naw-than')
to give, used with greatest latitude of application (put, make, etc.)
favour
chen (khane)
graciousness, i.e. subjective (kindness, favor) or objective (beauty) -- favour, grace(-ious), pleasant, precious, (well-)favoured.
but the way
derek (deh'-rek)
a road (as trodden); figuratively, a course of life or mode of action, often adverb
of transgressors
bagad (baw-gad')
to cover (with a garment); figuratively, to act covertly; by implication, to pillage
is hard
'eythan (ay-thawn')
from an unused root (meaning to continue); permanence; hence (concrete) permanent; specifically a chieftain -- hard, mighty, rough, strength, strong.