Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May 31, 2012

Summary of Changes in Carrying Amount of Goodwill

The following table summarized the changes in the carrying amount of goodwill during fiscal 2012 and fiscal 2011 by reportable business segment:

	Pressure Cylinders			Engineered Cabs		Metal Framing			Other			Total
(in thousands)
Balance at May 31, 2010
Goodwill	$	79,543		$	-	$	96,943		$	24,651		$	201,137
Accumulated impairment losses		-			-		(96,943	)		(24,651	)		(121,594	)
		79,543			-		-			-			79,543
Acquisitions and purchase accounting adjustments		11,536			-		-			-			11,536
Translation adjustments		2,554			-		-			-			2,554
Balance at May 31, 2011
Goodwill		93,633			-		96,943			24,651			215,227
Accumulated impairment losses		-			-		(96,943	)		(24,651	)		(121,594	)
		93,633			-		-			-			93,633
Acquisitions and purchase accounting adjustments		17,730			45,230		-			5,651			68,611
Translation adjustments		(5,563	)		-		-			-			(5,563	)
Balance at May 31, 2012
Goodwill		105,800			45,230		96,943			30,302			278,275
Accumulated impairment losses		-			-		(96,943	)		(24,651	)		(121,594	)
	$	105,800		$	45,230	$	-		$	5,651		$	156,681

Summary of Other Intangible Assets by Class

The following table summarizes other intangible assets by class as of May 31, 2012 and 2011:

	2012				2011
(in thousands)	Cost		Accumulated Amortization		Cost		Accumulated Amortization
Indefinite-lived intangible assets:
Trademarks	$	27,581	$	-	$	850	$	-
Total indefinite-lived intangible assets		27,581		-		850		-
Definite-lived intangible assets:
Patents and trademarks		4,232		1,123		4,184		2,707
Customer relationships		74,521		12,032		23,587		7,935
Non-compete agreements		5,383		2,111		1,893		1,525
Other		4,719		837		2,132		521
Total definite-lived intangible assets		88,855		16,103		31,796		12,688
Total intangible assets	$	116,436	$	16,103	$	32,646	$	12,688

Estimated Amortization Expense

Amortization expense for each of the next five fiscal years is estimated to be:

(in thousands)
2013	$	7,518
2014		7,503
2015		7,313
2016		7,021
2017		6,585