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Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May 31, 2019

Goodwill by Business Segment

The following table summarizes goodwill by reportable segment:

(in thousands)		Food Safety				Animal Safety				Total
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
Goodwill acquired			3,796				1,196				4,992
Goodwill adjustments and/or currency (1)			(1,244	)			313				(931	)
Balance, May 31, 2019		$	42,553			$	61,066			$	103,619

(1) Includes final purchase price allocation adjustment.

Amortizable of Intangible Assets

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

(in thousands)		Gross Carrying Amount				Less Accumulated Amortization				Net Carrying Amount
Licenses		$	9,813			$	3,182			$	6,631
Covenants not to compete			862				542				320
Patents			8,158				3,570				4,588
Customer-based intangibles			57,634				28,017				29,617
Other products and service-related intangibles			16,464				5,524				10,940
Balance, May 31, 2019		$	92,931			$	40,835			$	52,096
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

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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