Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May 31, 2024

Disclosure of Goodwill and Other Intangible Assets [Abstract]

Summary of Goodwill by Business Segment

The following table summarizes goodwill by reportable segment:

	Food Safety			Animal Safety			Total
Balance, May 31, 2022	$	67,558		$	75,146		$	142,704
Acquisitions		1,985,476			6,783			1,992,259
Foreign currency translation and other		3,127			(594	)		2,533
Balance, May 31, 2023	$	2,056,161		$	81,335		$	2,137,496
Acquisitions		250			—			250
Foreign currency translation and other		(2,206	)		92			(2,114	)
Balance, May 31, 2024	$	2,054,205		$	81,427		$	2,135,632

Summary of Definite Lived Intangible Assets

Definite-lived intangible assets consisted of the following and are included in amortizable intangible assets within the consolidated balance sheets:

	Gross Carrying Amount		Less Accumulated Amortization		Net Carrying Amount
Licenses	$	14,407	$	7,214	$	7,193
Covenants not to compete		487		425		62
Patents		7,692		3,770		3,922
Customer relationships intangibles		1,244,790		140,963		1,103,827
Trade names and trademarks		124,328		11,407		112,921
Developed technology		307,560		41,150		266,410
Other product and service-related intangibles		23,947		6,629		17,318
Balance, May 31, 2024	$	1,723,211	$	211,558	$	1,511,653
Licenses	$	16,010	$	6,763	$	9,247
Covenants not to compete		488		384		104
Patents		8,499		4,865		3,634
Customer relationships intangibles		1,244,635		81,577		1,163,058
Trade names and trademarks		111,172		3,583		107,589
Developed technology		309,609		20,175		289,434
Other product and service-related intangibles		23,628		5,907		17,721
Balance, May 31, 2023	$	1,714,041	$	123,254	$	1,590,787

Schedule of Amortizable Intangible Assets' Useful Lives

The amortizable intangible assets' useful lives are as follows:

	Useful Lives Range
Licenses	2 - 20 years
Covenants not to compete	3 - 10 years
Patents	5 - 25 years
Customer relationships intangibles	9 - 20 years
Trade names and trademarks	10 - 25 years
Developed technology	10 - 20 years
Other product and service-related intangibles	5 - 15 years