Subsequent Events (Notes)

6 Months Ended

Nov. 30, 2011

Subsequent Events [Abstract]

Subsequent Events

SUBSEQUENT EVENTS

On October 2, 2011, our UCS subsidiary in Russia entered into a sale and purchase agreement with Alfa-Bank ("Alfa"), the largest privately owned bank in Russia, to acquire Alfa's merchant acquiring business. On October 21, 2011, UCS made a payment of $7.0 million to Alfa to mitigate Alfa's risk of merchant attrition should the acquisition fail to close. We have included this payment in other assets in our November 30, 2011 consolidated balance sheet. This payment is also reflected in the "Business and intangible asset acquisitions, net of cash acquired" line item in our consolidated statement of cash flows for the six months ended November 30, 2011. We anticipate paying the balance of the purchase price, based on the merchant retention rate associated with the transaction, in the third quarter of fiscal 2012. This acquisition will be recorded as a business combination, and the final purchase price will be allocated to the assets acquired and liabilities assumed based on their estimated fair values.

On December 30, 2011, we acquired a merchant acquiring business in Malta from HSBC Malta. This transaction will be recorded as a business combination, and the purchase price will be allocated to the assets acquired and liabilities assumed based on their estimated fair values. Due to the timing of this transaction, the allocation of the purchase price has not been finalized pending valuation of intangible assets.