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Goodwill and Other Intangible Assets | 12 Months Ended
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May 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | NOTE C — GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill, by reportable segment, for the years ended May 31, 2019 and 2018, are as follows:
|  | Industrial |  |  | Consumer |  |  | Specialty |  |  |  |  |
(In thousands) |  | Segment |  |  | Segment |  |  | Segment |  |  | Total |
Balance as of June 1, 2017 |  | $ | 516,335 |  |  | $ | 453,600 |  |  | $ | 173,978 |  |  | $ | 1,143,913 |
Acquisitions |  |  | 19,736 |  |  |  | 21,277 |  |  |  | 2,643 |  |  |  | 43,656 |
Translation adjustments |  |  | 1,247 |  |  |  | 2,841 |  |  |  | 517 |  |  |  | 4,605 |
Balance as of May 31, 2018 |  |  | 537,318 |  |  |  | 477,718 |  |  |  | 177,138 |  |  |  | 1,192,174 |
Acquisitions |  |  | 5,826 |  |  |  | 25,994 |  |  |  | 45,639 |  |  |  | 77,459 |
Translation adjustments |  |  | (16,725 | ) |  |  | (4,325 | ) |  |  | (2,821 | ) |  |  | (23,871 | )
Balance as of May 31, 2019 |  | $ | 526,419 |  |  | $ | 499,387 |  |  | $ | 219,956 |  |  | $ | 1,245,762 |
Total accumulated goodwill impairment losses were $156.3 million at May 31, 2019. Of the accumulated balance, $141.4 million was recorded during the fiscal year ended May 31, 2017 by our consumer segment, and $14.9 million was recorded during the fiscal year ended May 31, 2009 by our industrial reportable segment. There were no impairment losses recorded during fiscal 2019 or 2018. Other intangible assets consist of the following major classes:
|  |  |  | Gross |  |  |  |  |  |  | Net Other |
|  | Amortization |  | Carrying |  |  | Accumulated |  |  | Intangible |
(In thousands) |  | Period (In Years) |  | Amount |  |  | Amortization |  |  | Assets |
As of May 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortized intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Formulae |  | 9 to 33 |  | $ | 227,208 |  |  | $ | (150,091 | ) |  | $ | 77,117 |
Customer-related intangibles |  | 5 to 33 |  |  | 413,475 |  |  |  | (172,238 | ) |  |  | 241,237 |
Trademarks/names |  | 5 to 40 |  |  | 32,998 |  |  |  | (16,867 | ) |  |  | 16,131 |
Other |  | 1 to 33 |  |  | 36,709 |  |  |  | (26,599 | ) |  |  | 10,110 |
Total Amortized Intangibles |  |  |  |  | 710,390 |  |  |  | (365,795 | ) |  |  | 344,595 |
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks/names |  |  |  |  | 256,487 |  |  |  |  |  |  |  | 256,487 |
Total Other Intangible Assets |  |  |  | $ | 966,877 |  |  | $ | (365,795 | ) |  | $ | 601,082 |
As of May 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortized intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Formulae |  | 10 to 33 |  | $ | 221,812 |  |  | $ | (140,160 | ) |  | $ | 81,652 |
Customer-related intangibles |  | 5 to 33 |  |  | 369,687 |  |  |  | (147,831 | ) |  |  | 221,856 |
Trademarks/names |  | 5 to 40 |  |  | 36,671 |  |  |  | (17,998 | ) |  |  | 18,673 |
Other |  | 2 to 30 |  |  | 37,589 |  |  |  | (24,946 | ) |  |  | 12,643 |
Total Amortized Intangibles |  |  |  |  | 665,759 |  |  |  | (330,935 | ) |  |  | 334,824 |
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks/names |  |  |  |  | 249,448 |  |  |  |  |  |  |  | 249,448 |
Total Other Intangible Assets |  |  |  | $ | 915,207 |  |  | $ | (330,935 | ) |  | $ | 584,272 |
The aggregate intangible asset amortization expense for the fiscal years ended May 31, 2019, 2018 and 2017 was $45.1 million, $43.2 million and $41.9 million, respectively. For the next five fiscal years, we estimate annual intangible asset amortization expense related to our existing intangible assets to approximate the following: 2020 — $43.0 million, 2021 — $39.9 million, 2022 — $38.6 million, 2023 — $34.9 million and 2024 — $31.5 million. The gross amount of other intangible asset accumulated impairment losses at May 31, 2017 totaled $53.6 million, of which $0.6 million was recorded during the fiscal year ended May 31, 2009 by our industrial reportable segment and $53.0 million was recorded during fiscal 2017 by our consumer reportable segment. For the year ended May 31, 2019, we recorded other intangible asset impairment losses of approximately $4.2 million, of which $2.0 million was recorded by our industrial reportable segment for impairment losses on trade names and approximately $2.2 million was recorded by our specialty reportable segment for impairment losses on customer-related intangibles. There were no impairment losses recorded during fiscal 2018.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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