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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
May 31, 2014
Changes in Carrying Value of Goodwill
Changes in the carrying value of goodwill are as follows (in thousands):
 
 
TOTAL
Balance at June 2, 2012
 
$
1,261

Premium Paid for D and C Acquisition
 
230

Foreign currency translation
 
28

Balance at June 1, 2013
 
$
1,519

Premium Paid for WVS Acquisition
 
25

Foreign currency translation
 
127

Impairment on goodwill
 
(1,671
)
Balance at May 31, 2014
 
$

Intangible assets subject to amortization
Intangible assets subject to amortization as well as amortization expense are as follows (in thousands):
 
Intangible Assets Subject  to
Amortization as of
 
May 31, 2014
 
June 1, 2013
Gross Amounts:
 
 
 
Trade Name
$
29

 
$
29

Customer Relationship
977

 
947

Non-compete Agreements
47

 
47

Total Gross Amounts
$
1,053

 
$
1,023

Accumulated Amortization:
 
 
 
Trade Name
$
18

 
$
8

Customer Relationship
178

 
101

Non-compete Agreements
14

 
6

Total Accumulated Amortization
$
210

 
$
115

Intangible Assets Amortization expense
The amortization expense associated with the intangible assets subject to amortization for the next five years is presented in the following table (in thousands):
 
 
Amortization
Expense
Fiscal Year
 
2015
$
83

2016
68

2017
58

2018
57

2019
47

Thereafter
530