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INTANGIBLE ASSETS
 6 Months Ended
Nov. 30, 2015
INTANGIBLE ASSETS

7. INTANGIBLE ASSETS

A summary of intangible assets as of November 30, 2015 and May 31, 2015 is as follows (in thousands):

 

     November 30, 2015      May 31, 2015  
     (unaudited)                      
     Gross
Carrying
Amount		      Accumulated
Amortization		     Net
Carrying
Amount		      Gross
Carrying
Amount		      Accumulated
Amortization		     Net
Carrying
Amount		  

Customer relationships

    $   99,789       $   (12,412 )    $   87,377       $   22,612       $   (9,111 )    $   13,501   

Non-compete agreements

      5,018         (3,460 )      1,558         3,417         (3,363 )      54   

Trade names

      6,300         (1,805 )      4,495         4,401         (1,074 )      3,327   

Technology

      5,112         (2,496 )      2,616         5,112         (2,230 )      2,882   

Licenses

      683         (211 )      472         683         (179 )      504   
  

 

 

     

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Total

    $   116,902       $ (20,384 )    $ 96,518       $ 36,225       $   (15,957 )    $ 20,268   
  

 

 

     

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Amortization expense for the three months ended November 30, 2015 and 2014 was $2.5 million and $0.9 million, respectively. Amortization expense for the six months ended November 30, 2015 and 2014 was $4.7 million and $1.9 million, respectively.