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Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May 31, 2018

Goodwill by Business Segment

The following table summarizes goodwill by reportable segment:

(in thousands)		Food Safety				Animal Safety				Total
Balance, May 31, 2016		$	26,889			$	61,617			$	88,506
Goodwill acquired			19,051				—				19,051
Goodwill adjustments and/or currency (1)			(20	)			(2,778	)			(2,798	)
Balance, May 31, 2017		$	45,920			$	58,839			$	104,759
Goodwill acquired			—				757				757
Goodwill adjustments and/or currency (1)			(5,919	)			(39	)			(5,958	)
Balance, May 31, 2018		$	40,001			$	59,557			$	99,558

(1) Includes 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		$	9,491			$	2,523			$	6,968
Covenants not to compete			801				483				318
Patents			9,693				5,013				4,680
Customer-based intangibles			56,420				24,579				31,841
Other products and service-related intangibles			15,299				4,451				10,848
Balance, May 31, 2018		$	91,704			$	37,049			$	54,655
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

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://fasb.org/us-gaap/role/ref/legacyRef
-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://fasb.org/us-gaap/role/ref/legacyRef
-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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267

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