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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
May 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill, by Reportable Segment

The changes in the carrying amount of goodwill, by reportable segment, for the years ended May 31, 2016 and 2015, are as follows:

 

 

 

Industrial

 

 

Specialty

 

 

Consumer

 

 

 

 

 

(In thousands)

 

Segment

 

 

Segment

 

 

Segment

 

 

Total

 

Balance as of June 1, 2014

 

$

521,528

 

 

$

50,630

 

 

$

575,216

 

 

$

1,147,374

 

Acquisitions

 

 

8,504

 

 

 

8,539

 

 

 

10,790

 

 

 

27,833

 

SPHC reconsolidation

 

 

-

 

 

 

118,713

 

 

 

-

 

 

 

118,713

 

Translation adjustments

 

 

(62,083

)

 

 

(3,196

)

 

 

(12,953

)

 

 

(78,232

)

Balance as of May 31, 2015

 

 

467,949

 

 

 

174,686

 

 

 

573,053

 

 

 

1,215,688

 

Acquisitions

 

 

18,834

 

 

 

7,168

 

 

 

3,760

 

 

 

29,762

 

Translation adjustments

 

 

(19,755

)

 

 

(1,759

)

 

 

(4,306

)

 

 

(25,820

)

Balance as of May 31, 2016

 

$

467,028

 

 

$

180,095

 

 

$

572,507

 

 

$

1,219,630

 

 

Other Intangible Assets Major Classes

Other intangible assets consist of the following major classes:

 

 

 

 

 

Gross

 

 

 

 

 

 

Net Other

 

 

 

Amortization

 

Carrying

 

 

Accumulated

 

 

Intangible

 

(In thousands)

 

Period (In Years)

 

Amount

 

 

Amortization

 

 

Assets

 

As of May 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Formulae

 

3 to 33

 

$

234,483

 

 

$

140,376

 

 

$

94,107

 

Customer-related intangibles

 

3 to 33

 

 

331,008

 

 

 

114,469

 

 

 

216,539

 

Trademarks/names

 

5 to 40

 

 

30,742

 

 

 

15,817

 

 

 

14,925

 

Other

 

2 to 20

 

 

47,744

 

 

 

27,745

 

 

 

19,999

 

Total Amortized Intangibles

 

 

 

 

643,977

 

 

 

298,407

 

 

 

345,570

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks/names

 

 

 

 

229,831

 

 

 

 

 

 

 

229,831

 

Total Other Intangible Assets

 

 

 

$

873,808

 

 

$

298,407

 

 

$

575,401

 

As of May 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Formulae

 

3 to 33

 

$

229,721

 

 

$

131,031

 

 

$

98,690

 

Customer-related intangibles

 

3 to 33

 

 

324,867

 

 

 

91,104

 

 

 

233,763

 

Trademarks/names

 

3 to 40

 

 

33,985

 

 

 

14,550

 

 

 

19,435

 

Other

 

2 to 40

 

 

46,789

 

 

 

25,817

 

 

 

20,972

 

Total Amortized Intangibles

 

 

 

 

635,362

 

 

 

262,502

 

 

 

372,860

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks/names

 

 

 

 

231,270

 

 

 

 

 

 

 

231,270

 

Total Other Intangible Assets

 

 

 

$

866,632

 

 

$

262,502

 

 

$

604,130