Note 8 - Other Intangible Assets

12 Months Ended

May 31, 2012

Intangible Assets Disclosure [Text Block]

8.     OTHER INTANGIBLE ASSETS

		Successor							Predecessor
		May 31, 2012							May 31, 2011
	Weighted Average Life (yrs)	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
		(in thousands)
Intangible assets subject to amortization:
Customer lists	20	$	449,665	$	(17,799	)	$	431,866	$	5,215	$	(2,117	)	$	3,098
Existing technology / trade names	11		266,000		(19,076	)		246,924		-		-			-
Corporate trade name	15		40,000		(2,088	)		37,912		-		-			-
Below market leasehold interests	5		860		(135	)		725		-		-			-
Deferred licensing costs	6		99		(4	)		95		1,013		(579	)		434
Distribution rights	10		-		-			-		4,492		(3,359	)		1,133
Non-compete agreements	5		-		-			-		1,650		(935	)		715
Developed product technology	17		-		-			-		51,097		(8,597	)		42,500
Trademarks / tradenames	17		-		-			-		1,615		(281	)		1,334
Total amortizable assets			756,624		(39,102	)		717,522		65,082		(15,868	)		49,214
Intangible assets not subject to amortization:
In-process research and development			18,000		-			18,000		-		-			-
Deferred licensing costs			-		-			-		4,919		-			4,919
Total non-amortizable assets			18,000		-			18,000		4,919		-			4,919
Intangible assets, net		$	774,624	$	(39,102	)	$	735,522	$	70,001	$	(15,868	)	$	54,133

A portion of the Company’s customer list is held in functional currencies outside the U.S.  Therefore, the stated cost as well as the accumulated amortization is affected by the fluctuation in foreign currency exchange rates.  Amortization of intangible assets amounted to $39.2 million in the Successor fiscal 2012 period and $0.9 million in the Predecessor fiscal 2012 period.  During fiscal 2011 and 2010, amortization of intangible assets was $4.4 million and $4.3 million, respectively. The following table presents an estimate of amortization expense for each of the next five fiscal years and thereafter (in thousands):

Year Ending May 31:
2013	$	49,735
2014		49,735
2015		49,735
2016		49,735
2017		49,444
Thereafter		469,138
	$	717,522