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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
May 31, 2019
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, 2019 and 2018, are as follows:

 

 

 

Industrial

 

 

Consumer

 

 

Specialty

 

 

 

 

 

(In thousands)

 

Segment

 

 

Segment

 

 

Segment

 

 

Total

 

Balance as of June 1, 2017

 

$

516,335

 

 

$

453,600

 

 

$

173,978

 

 

$

1,143,913

 

Acquisitions

 

 

19,736

 

 

 

21,277

 

 

 

2,643

 

 

 

43,656

 

Translation adjustments

 

 

1,247

 

 

 

2,841

 

 

 

517

 

 

 

4,605

 

Balance as of May 31, 2018

 

 

537,318

 

 

 

477,718

 

 

 

177,138

 

 

 

1,192,174

 

Acquisitions

 

 

5,826

 

 

 

25,994

 

 

 

45,639

 

 

 

77,459

 

Translation adjustments

 

 

(16,725

)

 

 

(4,325

)

 

 

(2,821

)

 

 

(23,871

)

Balance as of May 31, 2019

 

$

526,419

 

 

$

499,387

 

 

$

219,956

 

 

$

1,245,762

 

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, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Formulae

 

9 to 33

 

$

227,208

 

 

$

(150,091

)

 

$

77,117

 

Customer-related intangibles

 

5 to 33

 

 

413,475

 

 

 

(172,238

)

 

 

241,237

 

Trademarks/names

 

5 to 40

 

 

32,998

 

 

 

(16,867

)

 

 

16,131

 

Other

 

1 to 33

 

 

36,709

 

 

 

(26,599

)

 

 

10,110

 

Total Amortized Intangibles

 

 

 

 

710,390

 

 

 

(365,795

)

 

 

344,595

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks/names

 

 

 

 

256,487

 

 

 

 

 

 

 

256,487

 

Total Other Intangible Assets

 

 

 

$

966,877

 

 

$

(365,795

)

 

$

601,082

 

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