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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Nov. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Intangible assets consisted of the following:
| Nov 30, 2021
(in thousands) | Gross carrying value |  | Accumulated amortization |  | Net carrying value |  |
Product technologies | $ | 242,907 |  |  | $ | (105,140) |  |  | $ | 137,767 |  |  |
Customer relationships | 60,186 |  |  | (36,067) |  |  | 24,119 |  |  |
Trademarks | 9,950 |  |  | (7,045) |  |  | 2,905 |  |  |
Licenses | 6,087 |  |  | (5,878) |  |  | 209 |  |  |
| $ | 319,130 |  |  | $ | (154,130) |  |  | $ | 165,000 |  |  |
| May 31, 2021
(in thousands) | Gross carrying value |  | Accumulated amortization |  | Net carrying value |  |
Product technologies | $ | 236,907 |  |  | $ | (97,343) |  |  | $ | 139,564 |  |  |
Customer relationships | 60,291 |  |  | (34,164) |  |  | 26,127 |  |  |
Trademarks | 9,950 |  |  | (6,905) |  |  | 3,045 |  |  |
Licenses | 6,087 |  |  | (5,846) |  |  | 241 |  |  |
| $ | 313,235 |  |  | $ | (144,258) |  |  | $ | 168,977 |  |  |
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 2022 | $ | 9,796 |
2023 | 19,111 |
2024 | 16,902 |
2025 | 16,884 |
2026 | 16,703 |
2027 and thereafter | 85,604 |
| $ | 165,000 |

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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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