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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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May 31, 2022
Goodwill by Business Segment | The following table summarizes goodwill by reportable segment:
(in thousands) |  | Food Safety |  |  | Animal Safety |  |  | Total |
Balance, May 31, 2020 |  | $ | 47,215 |  |  | $ | 63,125 |  |  | $ | 110,340 |
Goodwill acquired |  |  | 18,775 |  |  |  | — |  |  |  | 18,775 |
Goodwill and/or currency adjustments (1) |  |  | 1,832 |  |  |  | 529 |  |  |  | 2,361 |
Balance, May 31, 2021 |  | $ | 67,822 |  |  | $ | 63,654 |  |  | $ | 131,476 |
Goodwill acquired |  |  | 4,152 |  |  |  | 11,752 |  |  |  | 15,904 |
Goodwill and/or currency adjustments (1) |  |  | (4,416 | ) |  |  | (260 | ) |  |  | (4,676 | )
Balance, May 31, 2022 |  | $ | 67,558 |  |  | $ | 75,146 |  |  | $ | 142,704 |
(1) | Includes final purchase price allocation adjustments and currency adjustments for goodwill recorded at international locations.
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:
|  | Gross |  |  | Less |  |  | Net |
|  | Carrying |  |  | Accumulated |  |  | Carrying |
(in thousands) |  | Amount |  |  | Amortization |  |  | Amount |
Licenses |  | $ | 17,109 |  |  | $ | 5,682 |  |  | $ | 11,427 |
Covenants not to compete |  |  | 846 |  |  |  | 671 |  |  |  | 175 |
Patents |  |  | 8,347 |  |  |  | 4,583 |  |  |  | 3,764 |
Customer-based intangibles |  |  | 75,000 |  |  |  | 33,662 |  |  |  | 41,338 |
Other product and service-related intangibles |  |  | 46,220 |  |  |  | 10,818 |  |  |  | 35,402 |
Balance, May 31, 2022 |  | $ | 147,522 |  |  | $ | 55,416 |  |  | $ | 92,106 |
Licenses |  | $ | 16,913 |  |  | $ | 4,580 |  |  | $ | 12,333 |
Covenants not to compete |  |  | 1,006 |  |  |  | 571 |  |  |  | 435 |
Patents |  |  | 8,363 |  |  |  | 4,243 |  |  |  | 4,120 |
Customer-based intangibles |  |  | 76,384 |  |  |  | 35,209 |  |  |  | 41,175 |
Other product and service-related intangibles |  |  | 27,567 |  |  |  | 8,859 |  |  |  | 18,708 |
Balance, May 31, 2021 |  | $ | 130,233 |  |  | $ | 53,462 |  |  | $ | 76,771 |

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- 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 + Details
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- 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=121556970&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=121556970&loc=d3e13854-109267 + Details
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