Note 8 - Other Intangible Assets, Net

3 Months Ended

Aug. 31, 2016

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

8. OTHER INTANGIBLE ASSETS , NET

Other intangible assets, net consist of the following (in thousands):

			As of
			August 31, 2016							May 31, 2016
	Weighted Average Life (years)		Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
Other intangible assets subject to amortization:
Customer relationships		20	$	462,531		(115,021	)		347,510		462,602		(109,260	)		353,342
Existing technology / trade names		12		355,604		(136,214	)		219,390		355,604		(128,530	)		227,074
Corporate trade name		15		40,000		(13,421	)		26,579		40,000		(12,754	)		27,246
Below market leasehold interests		7		1,200		(649	)		551		1,200		(631	)		569
Other intangibles		4		428		(288	)		140		428		(262	)		166
Total amortizable assets				859,763		(265,593	)		594,170		859,834		(251,437	)		608,397
Intangible assets not subject to amortization:
In-process research and development				24,700		-			24,700		24,700		-			24,700
Total non-amortizable assets				24,700		-			24,700		24,700		-			24,700
Other intangible assets, net			$	884,463		(265,593	)		618,870		884,534		(251,437	)		633,097

A portion of the Company’s customer relationships is held in functional currencies outside the U.S. Therefore, the stated cost as well as the accumulated amortization is affected by the fluctuation in foreign currency exchange rates.

Amortization expense related to these intangible assets for the three months ended August 31, 2016 and August 31, 2015 was $14.2 million and $13.6 million, respectively. Expected amortization expense for the remainder of fiscal

year 2017 and for each of the five succeeding years is as follows (in thousands):

Year Ending May 31:
2017	$	42,450
2018		56,530
2019		52,606
2020		51,498
2021		51,469
2022		51,464