Acquisition-related Costs

During the six months ended May 31, 2016, we recorded approximately $15.3 million of direct and incremental costs associated with acquisition-related activities. These costs were primarily incurred for legal and professional fees associated with recent acquisitions and the proposed merger with Markit Ltd. (see Note 2), but also included employee severance and accruals for cash payments subject to the continuing employment of certain key employees for one year after the acquisition close date. Most of these costs were recorded in the Transportation segment and the shared services function.

The following table provides a reconciliation of the acquisition-related costs accrued liability as of May 31, 2016 (in thousands):



	Employee Severance and Other Termination Benefits			Contract Termination Costs			Other			Total
Balance at November 30, 2015	$	—		$	135		$	305		$	440
Add: Costs incurred	2,163			281			12,917			15,361
Revision to prior estimates	—			(18		)	—			(18		)
Less: Amount paid	(2,163		)	(223		)	(4,177		)	(6,563		)
Balance at May 31, 2016	$	—		$	175		$	9,045		$	9,220

As of May 31, 2016, approximately $6.6 million of the remaining acquisition-related costs accrued liability was in the shared services function, $1.9 million was in the Transportation segment, and $0.7 million was in the Resources segment. We expect that the remaining liability will be substantially paid within the next 12 months.