INTANGIBLE ASSETS

12 Months Ended

May 31, 2014

INTANGIBLE ASSETS

7. INTANGIBLE ASSETS

A summary of intangible assets as of May 31, 2014 and 2013 is as follows (in thousands):

	May 31, 2014							May 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	22,424	$	(6,739	)	$	15,685	$	21,418	$	(4,168	)	$	17,250
Non-compete agreements		3,667		(3,430	)		237		3,701		(3,232	)		469
Trade names		4,325		(717	)		3,608		4,075		(424	)		3,651
Technology		5,112		(1,698	)		3,414		5,112		(1,166	)		3,946
Licenses		683		(114	)		569		683		(49	)		634
Total	$	36,211	$	(12,698	)	$	23,513	$	34,989	$	(9,039	)	$	25,950

Amortization expense for fiscal years ended May 31, 2014, 2013 and 2012 was $3.7 million, $3.4 million, and $2.6 million, respectively. Amortization expense for current intangible assets is forecasted to be approximately $3 million per year through fiscal year 2019.