INTANGIBLE ASSETS

3 Months Ended

Aug. 31, 2014

INTANGIBLE ASSETS

7. INTANGIBLE ASSETS

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

	August 31, 2014							May 31, 2014
	(unaudited)
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	23,029	$	(7,373	)	$	15,656	$	22,424	$	(6,739	)	$	15,685
Non-compete agreements		3,649		(3,459	)		190		3,667		(3,430	)		237
Trade names		4,325		(792	)		3,533		4,325		(717	)		3,608
Technology		5,112		(1,831	)		3,281		5,112		(1,698	)		3,414
Licenses		683		(130	)		553		683		(114	)		569
Total	$	36,798	$	(13,585	)	$	23,213	$	36,211	$	(12,698	)	$	23,513

Amortization expense for the three months ended August 31, 2014 and 2013 was $0.9 million and $1.0 million, respectively.