INTANGIBLE ASSETS

3 Months Ended

Aug. 31, 2015

INTANGIBLE ASSETS

7. INTANGIBLE ASSETS

A summary of intangible assets as of August 31, 2015 and May 31, 2015 is as follows (in thousands):

	August 31, 2015							May 31, 2015
	(unaudited)
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	99,164	$	(10,636	)	$	88,528	$	22,612	$	(9,111	)	$	13,501
Non-compete agreements		5,036		(3,380	)		1,656		3,417		(3,363	)		54
Trade names		5,702		(1,387	)		4,315		4,401		(1,074	)		3,327
Technology		5,112		(2,363	)		2,749		5,112		(2,230	)		2,882
Licenses		683		(195	)		488		683		(179	)		504
Total	$	115,697	$	(17,961	)	$	97,736	$	36,225	$	(15,957	)	$	20,268

Amortization expense for the three months ended August 31, 2015 and 2014 was $2.2 million and $0.9 million, respectively.