Goodwill and Intangible Assets (Tables)

12 Months Ended

May 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill for each reporting unit is allocated as follows:

	Year ended May 31, 2024
(in thousands)	Med Tech		Med Device		Total
Balance June 1, 2023	$	159,238	$	—	$	159,238
Goodwill impairment	(159,476)		—		(159,476)
Foreign currency translation adjustments	238		—		238
Balance May 31, 2024	$	—	$	—	$	—

	Year ended May 31, 2023
(in thousands)	Med Tech		Med Device		Total
Balance June 1, 2022	$	160,529	$	40,529	$	201,058
Goodwill impairment	—		(14,549)		(14,549)
Assets held for sale	—		(25,980)		(25,980)
Foreign currency translation adjustments	(1,291)		—		(1,291)
Balance May 31, 2023	$	159,238	$	—	$	159,238

Schedule of Intangible Assets

Intangible assets consisted of the following:

	May 31, 2024
(in thousands)	Gross carrying value		Accumulated amortization		Net carrying value
Product technologies	$	176,227	$	(102,468)	$	73,759
Customer relationships	9,028		(5,628)		3,400
Trademarks	2,100		(2,024)		76
Licenses	3,837		(3,689)		148
	$	191,192	$	(113,809)	$	77,383

	May 31, 2023
(in thousands)	Gross carrying value		Accumulated amortization		Net carrying value
Product technologies	$	211,751	$	(118,314)	$	93,437
Customer relationships	57,509		(40,755)		16,754
Trademarks	7,450		(6,660)		790
Licenses	4,837		(4,674)		163
	$	281,547	$	(170,403)	$	111,144

Schedule of Expected Amortization Expense

Expected future amortization expense related to the intangible assets for each of the following fiscal years is as follows:

(in thousands)
2025	$	10,269
2026	10,088
2027	9,997
2028	9,948
2029	9,851
2030 and thereafter	27,230
	$	77,383