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Goodwill and Intangible Assets (Tables)
12 Months Ended
May 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
Goodwill for each reporting unit is allocated as follows:
Year ended May 31, 2023
(in thousands)Med TechMed DeviceTotal
Balance June 1, 2022$160,529 $40,529 $201,058 
       Goodwill impairment— (14,549)(14,549)
       Assets held for sale — (25,980)(25,980)
       Foreign currency translation adjustments(1,291)— (1,291)
Balance May 31, 2023$159,238 $— $159,238 
Intangible assets
Intangible assets consisted of the following:
 May 31, 2023
(in thousands)Gross carrying
value
Accumulated
amortization
Net carrying
value
Product technologies$211,751 $(118,314)$93,437 
Customer relationships57,509 (40,755)16,754 
Trademarks7,450 (6,660)790 
Licenses4,837 (4,674)163 
$281,547 $(170,403)$111,144 
May 31, 2022
(in thousands)Gross carrying
value
Accumulated
amortization
Net carrying
value
Product technologies$239,467 $(112,141)$127,326 
Customer relationships60,115 (38,003)22,112 
Trademarks9,950 (7,185)2,765 
Licenses4,837 (4,660)177 
$314,369 $(161,989)$152,380 
Expected amortization expense
Expected future amortization expense related to the intangible assets for each of the following fiscal years is as follows:
(in thousands)
2024$14,399 
202514,380 
202614,199 
202714,057 
202810,827 
2029 and thereafter43,282 
$111,144