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Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Feb. 28, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Intangible assets consisted of the following:
| Feb 28, 2021
(in thousands) | Gross carrying value |  | Accumulated amortization |  | Net carrying value |  |
Product technologies | $ | 254,675 |  |  | $ | (99,066) |  |  | $ | 155,609 |  |  |
Customer relationships | 60,273 |  |  | (33,142) |  |  | 27,131 |  |  |
Trademarks | 10,150 |  |  | (6,931) |  |  | 3,219 |  |  |
Licenses | 6,087 |  |  | (5,830) |  |  | 257 |  |  |
| $ | 331,185 |  |  | $ | (144,969) |  |  | $ | 186,216 |  |  |
| May 31, 2020
(in thousands) | Gross carrying value |  | Accumulated amortization |  | Net carrying value |  |
Product technologies | $ | 251,569 |  |  | $ | (88,547) |  |  | $ | 163,022 |  |  |
Customer relationships | 60,160 |  |  | (30,018) |  |  | 30,142 |  |  |
Trademarks | 10,150 |  |  | (6,691) |  |  | 3,459 |  |  |
Licenses | 6,087 |  |  | (5,574) |  |  | 513 |  |  |
| $ | 327,966 |  |  | $ | (130,830) |  |  | $ | 197,136 |  |  |
Schedule of Future Amortization Expense | Expected future amortization expense related to the intangible assets for each of the following fiscal years is as follows:
(in thousands) |
Remainder of 2021 | $ | 4,223 |
2022 | 17,013 |
2023 | 17,453 |
2024 | 15,943 |
2025 | 16,951 |
2026 and thereafter | 114,633 |
| $ | 186,216 |

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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + 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 + Details
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