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Goodwill and Other Intangible Assets | 6 Months Ended
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Nov. 30, 2022
Goodwill and Other Intangible Assets | 9. GOODWILL AND INTANGIBLE ASSETS The following table summarizes goodwill by reportable segment:
(in thousands) |  | Food Safety |  |  | Animal Safety |  |  | Total |
May 31, 2022 |  | $ | 67,558 |  |  | $ | 75,146 |  |  | $ | 142,704 |
Acquisitions (1) |  |  | 1,957,810 |  |  |  | 6,115 |  |  | $ | 1,963,925 |
Foreign currency translation and other |  |  | 16,058 |  |  |  | (290 | ) |  | $ | 15,768 |
November 30, 2022 |  | $ | 2,041,426 |  |  | $ | 80,971 |  |  | $ | 2,122,397 |
(1) | Animal Safety acquisitions represents portion of 3M Food Safety transaction recorded at Neogen Australasia.
At November 30, 2022, non-amortizable assets included licenses of $569,000, trademarks of $13,423,000 and other intangibles of $1,224,000. At May 31, 2022, non-amortizable intangible assets included licenses of $569,000, trademarks of $13,604,000 and other intangibles of $1,224,000. 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 |  | $ | 16,979 |  |  | $ | 6,394 |  |  |  | 10,585 |
Covenants not to compete |  |  | 371 |  |  |  | 234 |  |  |  | 137 |
Patents |  |  | 8,029 |  |  |  | 4,565 |  |  |  | 3,464 |
Customer relationships |  |  | 1,234,202 |  |  |  | 49,735 |  |  |  | 1,184,467 |
Trade names and trademarks |  |  | 121,135 |  |  |  | 1,417 |  |  |  | 119,718 |
Developed technology |  |  | 296,897 |  |  |  | 11,000 |  |  |  | 285,897 |
Other product and service-related intangibles |  |  | 26,947 |  |  |  | 4,701 |  |  |  | 22,245 |
November 30, 2022 |  | $ | 1,704,560 |  |  | $ | 78,046 |  |  | $ | 1,626,514 |
Licenses |  | $ | 17,109 |  |  | $ | 5,682 |  |  | $ | 11,427 |
Covenants not to compete |  |  | 846 |  |  |  | 671 |  |  |  | 175 |
Patents |  |  | 8,347 |  |  |  | 4,583 |  |  |  | 3,764 |
Customer relationships |  |  | 75,000 |  |  |  | 33,662 |  |  |  | 41,338 |
Trade names and trademarks |  |  | 1,180 |  |  |  | 167 |  |  |  | 1,013 |
Developed technology |  |  | 17,741 |  |  |  | 6,124 |  |  |  | 11,617 |
Other product and service-related intangibles |  |  | 27,299 |  |  |  | 4,527 |  |  |  | 22,772 |
May 31, 2022 |  | $ | 147,522 |  |  | $ | 55,416 |  |  | $ | 92,106 |
Amortization expense relating to de finite-lived intangible assets was $22.7 million and $2.4 million for the three months ended November 30, 2022 and 2021, respectively, and $25.1 million and $4.6 million for the six months ended November 30, 2022 and 2021, respectively. The estimated amortization expense for each of the five succeeding fiscal years is as follows: $45.6 million remaining in 2023, $90.8 million in 2024, $90.3 million in 2025, $90.2 million in 2026 and $89.7 million in 2027 and $1.22 billion thereafter. The amortizable intangible assets useful lives are 2 to 20 years for licenses, 3 to 10 years for covenants not to compete, 5 to 25 years for patents, 9 to 20 years for customer relationships, 10 to 25 years for trade names and trademarks, 10 to 20 years for developed technology and 5 to 15 years for other product and service-related intangibles. All definite-lived intangibles are amortized on a straight-line basis with the exception of definite-lived customer-based intangibles and product and service-related intangibles, which are amortized on either a straight-line or an accelerated basis. The weighted average remaining amortization period for intangibles was 18 years at November 30, 2022 and eight years at May 31, 2022.

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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