Note 7 - Other Intangible Assets

6 Months Ended

Nov. 30, 2013

Disclosure Text Block [Abstract]

Intangible Assets Disclosure [Text Block]

7.      OTHER INTANGIBLE ASSETS

Intangible assets consist of the following (in thousands):

			As of
			November 30, 2013							May 31, 2013
	Weighted Average Life (years)		Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
Intangible assets subject to amortization:
Customer relationships		20	$	467,220		(52,052	)		415,168		465,909		(40,392	)		425,517
Existing technology / trade names		11		291,250		(58,050	)		233,200		291,250		(44,526	)		246,724
Corporate trade name		15		40,000		(6,088	)		33,912		40,000		(4,754	)		35,246
Below market leasehold interests		8		1,200		(377	)		823		1,200		(313	)		887
Deferred licensing costs		6		199		(29	)		170		99		(20	)		79
Total amortizable assets				799,869		(116,596	)		683,273		798,458		(90,005	)		708,453
Intangible assets not subject to amortization:
In-process research and development				6,150		-			6,150		6,150		-			6,150
Total non-amortizable assets				6,150		-			6,150		6,150		-			6,150
Other intangible assets, net			$	806,019		(116,596	)		689,423		804,608		(90,005	)		714,603

A portion of the Company’s customer relationships 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.

The weighted average life for below market leasehold interests has changed from 6 to 8 years as of August 31, 2013 as a result of the renewal of certain lease agreements which extended the lease terms of existing leases. The costs associated with the new leases were treated as operating expenses as incurred.

Amortization expense related to these intangible assets for the three months and six months ended November 30, 2013 was $13.2 million and $26.4 million, and for the three and six months ended November 30, 2012 was $12.4 million and $24.8 million, respectively. Expected amortization expense for the remainder of fiscal 2014 and for each of the five succeeding years is as follows (in thousands):

2014	$	26,455
2015		52,923
2016		52,888
2017		52,731
2018		52,682
2019		48,760