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Goodwill and Other Intangible Assets | 6 Months Ended
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Nov. 30, 2023
Goodwill and Other Intangible Assets | 9. GOODWILL AND INTANGIBLE ASSETS The following table summarizes goodwill by reportable segment:
|  | Food Safety |  |  | Animal Safety |  |  | Total |
May 31, 2023 |  | $ | 2,056,161 |  |  | $ | 81,335 |  |  | $ | 2,137,496 |
Acquisitions(1) |  |  | 250 |  |  |  | — |  |  |  | 250 |
Foreign currency translation and other |  |  | 181 |  |  |  | 56 |  |  |  | 237 |
November 30, 2023 |  | $ | 2,056,592 |  |  | $ | 81,391 |  |  | $ | 2,137,983 |
(1) Represents measurement period adjustments relating to our 3M FSD and Corvium acquisitions. As of May 31, 2023, non-amortizable intangible assets included li censes of $569, trademarks of $12,522 and other intangibles of $1,224. Amortizable intangible assets consisted of the following and are included in customer-based intangibles and other non-current assets within the condensed consolidated balance sheets:
|  | Gross Carrying Amount |  |  | Less Accumulated Amortization |  |  | Net Carrying Amount |
Licenses |  | $ | 20,624 |  |  | $ | 7,585 |  |  | $ | 13,039 |
Covenants not to compete |  |  | 490 |  |  |  | 421 |  |  |  | 69 |
Patents |  |  | 7,988 |  |  |  | 4,149 |  |  |  | 3,839 |
Customer relationships |  |  | 1,247,000 |  |  |  | 109,660 |  |  |  | 1,137,340 |
Trade names and trademarks |  |  | 122,992 |  |  |  | 7,296 |  |  |  | 115,696 |
Developed technology |  |  | 307,577 |  |  |  | 30,741 |  |  |  | 276,836 |
Other product and service-related intangibles |  |  | 23,894 |  |  |  | 5,969 |  |  |  | 17,925 |
November 30, 2023 |  | $ | 1,730,565 |  |  | $ | 165,821 |  |  | $ | 1,564,744 |
Licenses |  | $ | 16,010 |  |  | $ | 6,763 |  |  | $ | 9,247 |
Covenants not to compete |  |  | 488 |  |  |  | 384 |  |  |  | 104 |
Patents |  |  | 8,499 |  |  |  | 4,865 |  |  |  | 3,634 |
Customer relationships |  |  | 1,244,635 |  |  |  | 81,577 |  |  |  | 1,163,058 |
Trade names and trademarks |  |  | 111,172 |  |  |  | 3,583 |  |  |  | 107,589 |
Developed technology |  |  | 309,609 |  |  |  | 20,175 |  |  |  | 289,434 |
Other product and service-related intangibles |  |  | 23,628 |  |  |  | 5,907 |  |  |  | 17,721 |
May 31, 2023 |  | $ | 1,714,041 |  |  | $ | 123,254 |  |  | $ | 1,590,787 |
Amortization expense relating to definite-lived intangible assets was $23,693 and $47,397 during the three and six months ended November 30, 2023, respectively. Amortization expense relating to definite-lived intangible assets was $22,687 and $25,069 during the three and six months ended November 30, 2022, respectively. Estimated amortization expense for fiscal years 2024 through 2028 is expected to be in the range of approximately $95,000 to $97,000 per year. 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, 5 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.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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