GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

May 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

As of May 31, 2016 and 2015, goodwill and other intangible assets consisted of the following:



	2016		2015
	(in thousands)
Goodwill	$	4,829,405	$	1,491,833
Other intangible assets:
Customer-related intangible assets	$	1,864,709	$	718,011
Acquired technologies	549,293		93,194
Trademarks and trade names	188,763		10,777
Contract-based intangible assets	159,890		130,874
	2,762,655		952,856
Less accumulated amortization on:
Customer-related intangible assets	414,979		342,488
Acquired technologies	26,403		8,509
Trademarks and trade names	7,830		4,437
Contract-based intangible assets	48,735		37,286
	497,947		392,720
	$	2,264,708	$	560,136

The following table sets forth the changes in the carrying amount of goodwill for the years ended May 31, 2016 and 2015:



	North America			Europe			Asia-Pacific			Total
	(in thousands)
Balance at May 31, 2014	$	786,655		$	491,038		$	59,592		$	1,337,285
Goodwill acquired	4,794			67,220			192,225			264,239
Effect of foreign currency translation	(11,715		)	(72,337		)	(25,639		)	(109,691		)
Balance at May 31, 2015	779,734			485,921			226,178			1,491,833
Goodwill acquired	3,318,768			—			53,402			3,372,170
Effect of foreign currency translation	(3,872		)	(13,737		)	(15,397		)	(33,006		)
Measurement-period adjustments	(8,200		)	(411		)	7,019			(1,592		)
Balance at May 31, 2016	$	4,086,430		$	471,773		$	271,202		$	4,829,405

There was no accumulated impairment loss as of May 31, 2016, May 31, 2015 or May 31, 2014.

Customer-related intangible assets, acquired technologies and trademarks and trade names acquired during the year ended May 31, 2016 had weighted-average amortization periods of 13.9 years, 5.0 years and 7.0 years, respectively. Customer-related intangible assets, acquired technologies and trademarks and trade names acquired during the year ended May 31, 2015 had weighted-average amortization periods of 15.1 years, 9.1 years and 6.1 years, respectively. Amortization expense of acquired intangibles was $113.7 million, $72.6 million, and $61.9 million for fiscal 2016, 2015 and 2014, respectively.

The estimated amortization expense of acquired intangibles as of May 31, 2016 for the next five fiscal years, calculated using the exchange rate at the date of acquisition, if applicable, is as follows (in thousands):



2017	$	321,802
2018	301,258
2019	294,294
2020	275,560
2021	256,312

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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