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Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May 31, 2017

Goodwill by Business Segment

The following table summarizes goodwill by reportable segment:

(in thousands)		Food Safety				Animal Safety				Total
Balance, May 31, 2015		$	18,806			$	51,313			$	70,119
Goodwill acquired and/or adjusted			8,083				10,304				18,387
Balance, May 31, 2016		$	26,889			$	61,617			$	88,506
Goodwill acquired and/or adjusted (1)			19,031				(2,778	)			16,253
Balance, May 31, 2017		$	45,920			$	58,839			$	104,759

(1) Represents final purchase price allocation adjustment

Amortizable of Intangible Assets

Amortizable intangible assets consisted of the following and are included in customer-based intangible and other non-current assets within the consolidated balance sheets:

(in thousands)		Gross Carrying Amount				Less Accumulated Amortization				Net Carrying Amount
Licenses		$	5,989			$	2,011			$	3,978
Covenants not to compete			1,208				309				899
Patents			9,304				4,601				4,703
Customer-based intangibles			56,829				20,846				35,983
Other products and service-related intangibles			12,065				3,010				9,055
Balance, May 31, 2017		$	85,395			$	30,777			$	54,618
Licenses		$	5,189			$	1,782			$	3,407
Covenants not to compete			491				193				298
Patents			8,040				3,631				4,409
Customer-based intangibles			48,186				17,277				30,909
Other products and service-related intangibles			12,256				1,924				10,332
Balance, May 31, 2016		$	74,162			$	24,807			$	49,355

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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X

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267

+ Details

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