XML 52 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2
Goodwill and Intangible Assets (Tables)
 12 Months Ended
May 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible assets
As of May 31, 2016 and 2015, intangible assets consisted of the following:
 
 
May 31, 2016
 
Gross carrying
value
 
Accumulated
amortization
 
Net carrying
value
 
Weighted average
useful life
 
(in thousands)
 
(years)
Product technologies
$
148,387

 
$
(51,313
)
 
$
97,074

 
10.2
Customer relationships
88,389

 
(47,133
)
 
41,256

 
11.9
Trademarks
28,470

 
(6,242
)
 
22,228

 
10.7
In process R&D
3,600

 
—

 
3,600

 
Indefinite
Licenses
7,931

 
(6,716
)
 
1,215

 
7.6
Distributor relationships
2,150

 
(946
)
 
1,204

 
5.2
 
$
278,927

 
$
(112,350
)
 
$
166,577

 
 
 
 
May 31, 2015
 
Gross carrying
value
 
Accumulated
amortization
 
Net carrying
value
 
Weighted avg
useful life
 
(in thousands)
 
(years)
Product technologies
$
148,776

 
$
(41,447
)
 
$
107,329

 
10.2
Customer relationships
86,371

 
(42,813
)
 
43,558

 
12.0
Trademarks
28,545

 
(3,383
)
 
25,162

 
10.7
In process R&D
3,600

 
—

 
3,600

 
Indefinite
Licenses
7,913

 
(5,910
)
 
2,003

 
8.3
Distributor relationships
900

 
(900
)
 
—

 
3.0
 
$
276,105

 
$
(94,453
)
 
$
181,652

 
 
Expected amortization expense
Annual amortization of these intangible assets is expected to approximate the following amounts for each of the next five fiscal years (in thousands):
 
2017
$
19,049

2018
$
19,903

2019
$
22,062

2020
$
23,329

2021
$
24,370
Adjustments to goodwill
Adjustments to goodwill for the fiscal year ended May 31, 2016 and May 31, 2015 are as follows (in thousands):
 
Total
Balance, May 31, 2014
$
360,473

Tax basis adjustment
779

Balance, May 31, 2015
$
361,252

 
—

Balance, May 31, 2016
$
361,252