Note 8 - Other Intangible Assets, Net

6 Months Ended

Nov. 30, 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
			November 30, 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	$	460,483		(120,286	)		340,197		462,602		(109,260	)		353,342
Existing technology / trade names		12		355,604		(143,854	)		211,750		355,604		(128,530	)		227,074
Corporate trade name		15		40,000		(14,088	)		25,912		40,000		(12,754	)		27,246
Below market leasehold interests		4		1,200		(667	)		533		1,200		(631	)		569
Other intangibles		4		428		(315	)		113		428		(262	)		166
Total amortizable assets				857,715		(279,210	)		578,505		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			$	882,415		(279,210	)		603,205		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

and

six

months ended

November

30,

2016

was

$14.1

million and

$28.3

million and for the

three

months and

six

months ended

November

30,

2015

was

$13.6

million and

$27.2

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	$	28,289
2018		56,507
2019		52,583
2020		51,475
2021		51,446
2022		51,441