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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
May 31, 2018
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, 2018 and 2017, are as follows:

 

 

 

Industrial

 

 

Specialty

 

 

Consumer

 

 

 

 

 

(In thousands)

 

Segment

 

 

Segment

 

 

Segment

 

 

Total

 

Balance as of June 1, 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

 

Acquisitions

 

 

19,736

 

 

 

2,643

 

 

 

21,277

 

 

 

43,656

 

Translation adjustments

 

 

1,247

 

 

 

517

 

 

 

2,841

 

 

 

4,605

 

Balance as of May 31, 2018

 

$

537,318

 

 

$

177,138

 

 

$

477,718

 

 

$

1,192,174

 

 

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, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Formulae

 

10 to 33

 

$

221,812

 

 

$

(140,160

)

 

$

81,652

 

Customer-related intangibles

 

5 to 33

 

 

369,687

 

 

 

(147,831

)

 

 

221,856

 

Trademarks/names

 

5 to 40

 

 

36,671

 

 

 

(17,998

)

 

 

18,673

 

Other

 

2 to 30

 

 

37,589

 

 

 

(24,946

)

 

 

12,643

 

Total Amortized Intangibles

 

 

 

 

665,759

 

 

 

(330,935

)

 

 

334,824

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks/names

 

 

 

 

249,448

 

 

 

 

 

 

 

249,448

 

Total Other Intangible Assets

 

 

 

$

915,207

 

 

$

(330,935

)

 

$

584,272

 

As of May 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Formulae

 

5 to 33

 

$

214,677

 

 

$

(128,825

)

 

$

85,852

 

Customer-related intangibles

 

5 to 33

 

 

339,892

 

 

 

(122,772

)

 

 

217,120

 

Trademarks/names

 

5 to 40

 

 

36,461

 

 

 

(15,480

)

 

 

20,981

 

Other

 

2 to 20

 

 

37,545

 

 

 

(21,288

)

 

 

16,257

 

Total Amortized Intangibles

 

 

 

 

628,575

 

 

 

(288,365

)

 

 

340,210

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks/names

 

 

 

 

232,882

 

 

 

 

 

 

 

232,882

 

Total Other Intangible Assets

 

 

 

$

861,457

 

 

$

(288,365

)

 

$

573,092