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Goodwill and Intangible Assets (Tables)

3 Months Ended

Aug. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill for Each Reporting Unit

Goodwill for each reporting unit is allocated as follows:

			Three months ended Aug 31, 2023
(in thousands)			Med Tech						Med Device						Total
Balance, June 1, 2023			$	159,238					$	—					$	159,238
Foreign currency translation adjustments			(221)						—						(221)
Balance, August 31, 2023			$	159,017					$	—					$	159,017

Schedule of Intangible Assets

Intangible assets consisted of the following:

			Aug 31, 2023
(in thousands)			Gross carrying value						Accumulated amortization						Net carrying value
Product technologies			$	210,589					$	(120,652)					$	89,937
Customer relationships			57,528						(41,714)						15,814
Trademarks			7,450						(6,689)						761
Licenses			4,837						(4,678)						159
			$	280,404					$	(173,733)					$	106,671

			May 31, 2023
(in thousands)			Gross carrying value						Accumulated amortization						Net carrying value
Product technologies			$	211,751					$	(118,314)					$	93,437
Customer relationships			57,509						(40,755)						16,754
Trademarks			7,450						(6,660)						790
Licenses			4,837						(4,674)						163
			$	281,547					$	(170,403)					$	111,144

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 2024			$	10,727
2025			14,303
2026			14,122
2027			13,980
2028			10,749
2029 and thereafter			42,790
			$	106,671

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