Note 7 - Intangible Assets

6 Months Ended

Nov. 30, 2012

Intangible Assets Disclosure [Text Block]

7.     INTANGIBLE ASSETS

		November 30, 2012							May 31, 2012
	Weighted Average Life (yrs)	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
		(in thousands)							(in thousands)
Intangible assets subject to amortization:
Customer relationships	20	$	451,358	$	(29,150	)	$	422,208	$	449,665	$	(17,799	)	$	431,866
Existing technology / trade names	11		266,000		(31,258	)		234,742		266,000		(19,076	)		246,924
Corporate trade name	15		40,000		(3,421	)		36,579		40,000		(2,088	)		37,912
Below market leasehold interests	5		860		(221	)		639		860		(135	)		725
Deferred licensing costs	6		99		(13	)		86		99		(4	)		95
Total amortizable assets			758,317		(64,063	)		694,254		756,624		(39,102	)		717,522
Intangible assets not subject to amortization:
In-process research and development			18,000		-			18,000		18,000		-			18,000
Total non-amortizable assets			18,000		-			18,000		18,000		-			18,000
Intangible assets, net		$	776,317	$	(64,063	)	$	712,254	$	774,624	$	(39,102	)	$	735,522

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 was $12.4 million and $12.5 million for the three month fiscal periods ended November 30, 2012 and November 30, 2011, respectively. Amortization of intangible assets amounted to $24.8 million in fiscal 2013 compared with $14.1 million in the Successor fiscal 2012 period and $0.9 million in the Predecessor fiscal 2012 period.

The following table presents an estimate of amortization expense for each of the next five fiscal years (in thousands):

Year Ending May 31:
2013	$	49,754
2014		49,754
2015		49,754
2016		49,754
2017		49,463