Note 6 - Other Intangible Assets

6 Months Ended

Nov. 30, 2011

Intangible Assets Disclosure [Text Block]

6.     OTHER INTANGIBLE ASSETS

		Successor							Predecessor
		November 30, 2011							May 31, 2011
	Weighted Average Life	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
		(in thousands)							(in thousands)
Intangible assets subject to amortization:
Customer lists	20 yrs	$	450,419	$	(6,395	)	$	444,024	$	5,215	$	(2,117	)	$	3,098
Existing technology / trade names	11 yrs		266,000		(6,892	)		259,108		-		-			-
Corporate trade name	15 yrs		40,000		(754	)		39,246		-		-			-
Below market leasehold interests	5 yrs		860		(49	)		811		-		-			-
Deferred licensing costs	5 yrs		-		-			-		1,013		(579	)		434
Distribution rights	10 yrs		-		-			-		4,492		(3,359	)		1,133
Non-compete agreements	5 yrs		-		-			-		1,650		(935	)		715
Developed product technology	17 yrs		-		-			-		51,097		(8,597	)		42,500
Trademarks / tradenames	17 yrs		-		-			-		1,615		(281	)		1,334
Total amortizable assets			757,279		(14,090	)		743,189		65,082		(15,868	)		49,214
Intangible assets not subject to amortization:
In-process research and development			18,000		-			18,000		-		-			-
Deferred licensing costs			-		-			-		4,919		-			4,919
Total non-amortizable assets			18,000		-			18,000		4,919		-			4,919
Total other intangible assets		$	775,279	$	(14,090	)	$	761,189	$	70,001	$	(15,868	)	$	54,133

A portion of the Company’s customer list is held in functional currencies outside the U.S.  Therefore, the stated cost is affected by the fluctuation in foreign currency exchange rates.  Amortization of intangible assets was $12.5 million for the Successor quarter ended November 30, 2011 and $1.1 million for the Predecessor quarter ended November 30, 2010.  Amortization of intangible assets amounted to $14.1 million in the Successor fiscal 2012 period and $0.9 million in the Predecessor fiscal 2012 period compared with $2.2 million in the Predecessor fiscal 2011 period. The following table presents our estimate of amortization expense for each of the next five fiscal years and thereafter (in thousands):

Year Ending May 31:
2012		38,978
2013		49,792
2014		49,792
2015		49,792
2016		49,792
Thereafter		505,042
Total future amortization expense	$	743,189