Other Noncurrent Assets

12 Months Ended

May 31, 2011

Other Noncurrent Assets

Other Noncurrent Assets

14. Other Noncurrent Assets

        At May 31, 2011 and 2010, other noncurrent assets consisted of the following:

	May 31,
	2011		2010
Capitalized program development costs	$	69,413	$	48,767
Deferred program costs		19,404		—
Cash surrender value of life insurance		15,164		13,383
Pension asset		5,498		—
Debt issuance costs		5,281		4,722
Notes receivable		2,443		2,143
Licenses and rights		—		175
Other		24,935		16,307
	$	142,138	$	85,497

Program Development Costs

        In June 2005, we announced that our Cargo Systems business in our Structures and Systems segment was selected to provide cargo handling systems for the new Airbus A400M Military Transport Aircraft ("A400M"). Our portion of the revenue from this program is expected to exceed $300,000 through fiscal 2020, based on sales projections of the A400M. As of May 31, 2011, we have capitalized, net of reimbursements, $69,413 of costs associated with the engineering and development of the cargo system. Sales and related cost of sales will be recognized on the units of delivery method.