Note 17. Income Taxes (Tables)

9 Months Ended

12 Months Ended

Feb. 29, 2012

May 31, 2012

Breakdown of Income (Loss) Before Income Taxes By Geographic Area [Table Text Block]

	Successor			Predecessor
	August 20, 2011 through May 31, 2012			June 1, 2011 through August 19, 2011			For the Year Ended May 31, 2011		For the Year Ended May 31, 2010
	(in thousands)
Domestic Operations	$	(69,012	)	$	(10,820	)	$	105,060	$	105,181
Foreign Operations		(12,181	)		7,127			25,570		20,031
(Loss) income before income taxes	$	(81,193	)	$	(3,693	)	$	130,630	$	125,212

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Successor			Predecessor
	August 20, 2011 through May 31, 2012			June 1, 2011 through August 19, 2011			For the Year Ended May 31, 2011			For the Year Ended May 31, 2010
	(in thousands)
Current:
Federal	$	700		$	3,161		$	26,542		$	28,815
State and Local		143			673			6,102			2,796
Foreign		3,706			2,823			7,718			6,080
		4,549			6,657			40,362			37,691
Non-Current:
Federal		328			-			-			-
State and Local		-			-			-			-
Foreign		-			-			-			-
		328			-			-			-
Deferred:
Federal		(31,946	)		(3,429	)		3,551			4,134
State and Local		(1,639	)		(494	)		(2,873	)		525
Foreign		(2,838	)		(53	)		263			279
		(36,423	)		(3,976	)		941			4,938
(Benefit) Provision for income taxes	$	(31,546	)	$	2,681		$	41,303		$	42,629

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Successor		Predecessor
	August 20, 2011 through May 31, 2012		June 1, 2011 through August 19, 2011		For the Year Ended May 31, 2011		For the Year Ended May 31, 2010
Federal statutory tax rate		35.0%		35.0%		35.0%		35.0%
State income taxes, net of federal tax benefit		1.5%		1.5%		0.4%		3.0%
Foreign taxes		-0.9%		-37.2%		-0.3%		-0.3%
Incremental U.S. benefit related to foreign dividends		3.5%		-9.8%		-0.4%		0.0%
Tax Credits		0.4%		3.1%		-0.4%		-0.6%
Permanent items		-0.2%		-66.7%		-0.7%		-0.2%
Production activity deduction		0.0%		0.0%		-2.1%		-1.5%
Change in analysis of uncertain income tax positions		-0.3%		1.55		0.3%		-1.2%
Other		-0.1%		0.05		-0.2%		-0.2%
Effective tax rate		38.9%		-72.6%		31.6%		34.0%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	Successor			Predecessor
	For the Year Ended May 31, 2012			For the Year Ended May 31, 2011
	(in thousands)
Deferred tax liabilities:
Intangibles	$	(277,816	)	$	(19,282	)
Property, Plant & Equipment		(4,504	)		(4,931	)
Prepaids and other		(324	)		(346	)
Deferred tax assets:
Tax Credit carry-forwards		25,109			2,736
Net operating loss carry-forwards		10,371			11,580
Compensation expense		3,165			5,617
Reserves not currently deductible		1,723			4,376
Inventory		950			603
Deferred revenue		279			2,923
Other		2,928			6,187
		(238,119	)		9,463
Valuation Allowance		(1,888	)		(2,467	)
Net deferred tax assets (liabilities)	$	(240,007	)	$	6,996

	Successor			Predecessor
	For the Year Ended May 31, 2012			For the Year Ended May 31, 2011
	(in thousands)
Balance, beginning of period	$	2,467		$	6,716
Change due to Acquisition		(753	)
Additions		592
Reductions		(418	)		(4,249	)
Balance, end of period	$	1,888		$	2,467

Summary of Income Tax Contingencies [Table Text Block]

	Successor			Predecessor
	For the Year Ended May 31, 2012			For the Year Ended May 31, 2011
	(in thousands)
Balance, beginning of period	$	9,766		$	8,093
Change due to Acquisition		1,018			-
Gross increases in unrecognized tax benefits as a result of tax positions taken during a prior period		-			-
Gross decreases in unrecognized tax benefits as a result of tax positions taken during a prior period		-			-
Gross increases in unrecognized tax benefits as a result of tax positions taken during current period		5,314			2,107
Gross decreases in unrecognized tax benefits as a result of tax positions taken during current period		-			-
Decrease in unrecognized tax benefits relating to settlements with taxing authorities		-			-
Reductions to unrecognized tax benefits as a result of the applicable statute of limitations		(1,267	)		(434	)
Balance, end of period	$	14,831		$	9,766

Schedule of Interest Expense Related to Unrecognized Tax Benefits [Table Text Block]

	Successor		Predecessor
	August 20, 2011 through May 31, 2012		June 1, 2011 through August 19, 2011		For the Year Ended May 31, 2011		For the Year Ended May 31, 2010
	(in thousands)
Interest included in provision for income taxes	$	278	$	55	$	309	$	122

Schedule of Interest Accrued on Unrecognized Tax Benefits [Table Text Block]

	Successor		Predecessor
	For the Year Ended May 31, 2012		For the Year Ended May 31, 2011
	(in thousands)
Interest included in the liability for unrecognized tax benefits above	$	1,234	$	901