Goodwill and Intangible Assets (Tables)

12 Months Ended

May 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

As of May 31, 2012 and 2011, goodwill and intangible assets consisted of the following:

	2012		2011
	(in thousands)
Goodwill	$	724,687	$	779,637
Other intangible assets:
Customer-related intangible assets	$	451,095	$	457,226
Trademarks, finite life	7,996		8,659
Contract-based intangible assets	66,393		72,681
	525,484		538,566
Less accumulated amortization on:
Customer-related intangible assets	214,285		181,372
Trademarks	4,868		4,138
Contract-based intangible assets	16,143		11,556
	235,296		197,066
	$	290,188	$	341,500

Schedule of Goodwill

The following table discloses the changes in the carrying amount of goodwill for the years ended May 31, 2012 and 2011:

	North America merchant services			International merchant services			Total
	(in thousands)
Balance at May 31, 2010:	210,065			359,025			569,090
Accumulated impairment losses	—			—			—
	210,065			359,025			569,090
Goodwill acquired	—			147,535			147,535
Purchase price allocation adjustments	(30		)	—			(30		)
Effect of foreign currency translation	7,387			55,655			63,042
Balance at May 31, 2011	217,422			562,215			779,637
Accumulated impairment losses	—			—			—
	217,422			562,215			779,637
Goodwill acquired	—			9,362			9,362
Effect of foreign currency translation	(6,320		)	(57,992		)	(64,312		)
Balance at May 31, 2012	211,102			513,585			724,687
Accumulated impairment losses	—			—			—
Balance at May 31, 2012	$	211,102		$	513,585		$	724,687

Schedule of Expected Amortization Expense

The estimated amortization expense of acquired intangibles as of May 31, 2012 for the next five fiscal years, calculated using the exchange rate at the date of acquisition, is as follows (in thousands):

2013	$	47,488
2014	41,216
2015	34,267
2016	28,194
2017	24,583