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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
May 31, 2017
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, 2017 and 2016, are as follows:

 

 

 

Industrial

 

 

Specialty

 

 

Consumer

 

 

 

 

 

(In thousands)

 

Segment

 

 

Segment

 

 

Segment

 

 

Total

 

Balance as of June 1, 2015

 

$

476,700

 

 

$

165,934

 

 

$

573,054

 

 

$

1,215,688

 

Acquisitions

 

 

18,834

 

 

 

7,168

 

 

 

3,760

 

 

 

29,762

 

Translation adjustments

 

 

(20,125

)

 

 

(1,388

)

 

 

(4,307

)

 

 

(25,820

)

Balance as of May 31, 2016

 

 

475,409

 

 

 

171,714

 

 

 

572,507

 

 

 

1,219,630

 

Acquisitions

 

 

41,268

 

 

 

3,273

 

 

 

30,820

 

 

 

75,361

 

Impairments

 

 

 

 

 

 

 

 

 

 

(141,394

)

 

 

(141,394

)

Translation adjustments

 

 

(342

)

 

 

(1,009

)

 

 

(8,333

)

 

 

(9,684

)

Balance as of May 31, 2017

 

$

516,335

 

 

$

173,978

 

 

$

453,600

 

 

$

1,143,913

 

 

Other Intangible Assets Major Classes

Other intangible assets consist of the following major classes:

 

 

 

 

 

Gross

 

 

 

 

 

 

Accumulated

 

 

Net Other

 

 

 

Amortization

 

Carrying

 

 

Accumulated

 

 

Impairment

 

 

Intangible

 

(In thousands)

 

Period (In Years)

 

Amount

 

 

Amortization

 

 

Charge

 

 

Assets

 

As of May 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Formulae

 

5 to 33

 

$

230,140

 

 

$

(128,825

)

 

$

(15,463

)

 

$

85,852

 

Customer-related intangibles

 

5 to 33

 

 

370,255

 

 

 

(122,772

)

 

 

(30,363

)

 

 

217,120

 

Trademarks/names

 

5 to 40

 

 

36,461

 

 

 

(15,480

)

 

 

 

 

 

 

20,981

 

Other

 

2 to 20

 

 

37,743

 

 

 

(21,288

)

 

 

(198

)

 

 

16,257

 

Total Amortized Intangibles

 

 

 

 

674,599

 

 

 

(288,365

)

 

 

(46,024

)

 

 

340,210

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks/names

 

 

 

 

240,456

 

 

 

 

 

 

 

(7,574

)

 

 

232,882

 

Total Other Intangible Assets

 

 

 

$

915,055

 

 

$

(288,365

)

 

$

(53,598

)

 

$

573,092

 

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

 

 

 

 

230,431

 

 

 

 

 

 

 

(600

)

 

 

229,831

 

Total Other Intangible Assets

 

 

 

$

874,408

 

 

$

(298,407

)

 

$

(600

)

 

$

575,401