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Goodwill and Intangible Assets
12 Months Ended
May 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following table presents the changes in goodwill during fiscal 2020 and fiscal 2019 (in thousands):
 20202019
Balance at beginning of year$76,742  $54,510  
Acquisition of Yucatan Foods (Note 2)—  22,232  
Yucatan Foods measurement period adjustment504  —  
Impairment(7,860) —  
Balance at end of year$69,386  $76,742  

We have determined that the Eat Smart, Yucatan Foods, O, and Lifecore are the appropriate reporting units for testing goodwill for impairment. As disclosed in Note 1, an impairment charge of $5.2 million and $2.7 million in O and Yucatan Foods reporting units, respectively, was recorded during the year ended May 31, 2020. As of May 31, 2020, the Eat Smart, Yucatan, and Lifecore reporting unit had $35.5 million, $20.0 million, and $13.9 million of goodwill, respectively.
Intangible Assets
As of May 31, 2020 and May 26, 2019, the Company's intangible assets consisted of the following (in thousands):
May 31, 2020May 26, 2019
 Amortization Period
(years)
Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Customer relationships
Eat Smart (Curation Foods)12$7,500  $4,663  $7,500  $4,087  
O (Curation Foods)
13—  —  700  143  
Yucatan Foods (Curation Foods)1111,000  1,650  11,000  550  
Lifecore123,700  3,110  3,700  2,801  
Total customer relationships$22,200  $9,423  $22,900  $7,581  
Trademarks/tradenames
Eat Smart (Curation Foods)$9,100  $872  $9,100  $872  
O (Curation Foods)
500  —  1,600  —  
Yucatan Foods (Curation Foods)12,400  —  15,900  —  
Lifecore4,200  —  4,200  —  
Total trademarks/tradenames$26,200  $872  $30,800  $872  
Total intangible assets$48,400  10,295  $53,700  $8,453  

Amortization expense related to finite-lived intangible assets was $2.0 million, $1.5 million, and $1.0 million in fiscal 2020, 2019, and 2018, respectively. The amortization expense for the next five fiscal years is estimated to be $1.8 million per year.
As discussed in Note 1, the Company recognized an impairment of the customer relationships in the Curation Foods business segment (in the O reporting unit) of $0.5 million during the year ended May 31, 2020. In addition, the Company recognized an impairment of the trademarks in the Curation Foods business segment for O and Yucatan Foods of $1.1 million and $3.5 million, respectively during the year ended May 31, 2020.