Note 9 - Other Intangible Assets, Net

9 Months Ended

Feb. 29, 2016

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

9. OTHER INTANGIBLE ASSETS , net

Other intangible assets, net consist of the following (in thousands):

			As of
			February 29, 2016							May 31, 2015
	Weighted Average Life (years)		Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
Other intangible assets subject to amortization:
Customer relationships		19	$	461,491		(103,219	)		358,272		462,534		(86,052	)		376,482
Existing technology / trade names		11		315,004		(120,838	)		194,166		314,850		(99,565	)		215,285
Corporate trade name		15		40,000		(12,088	)		27,912		40,000		(10,088	)		29,912
Below market leasehold interests		7		1,200		(612	)		588		1,200		(557	)		643
Other intangibles		4		429		(235	)		194		428		(156	)		272
Total amortizable assets				818,124		(236,992	)		581,132		819,012		(196,418	)		622,594
Intangible assets not subject to amortization:
In-process research and development				27,700		-			27,700		27,700		-			27,700
Total non-amortizable assets				27,700		-			27,700		27,700		-			27,700
Other intangible assets, net			$	845,824		(236,992	)		608,832		846,712		(196,418	)		650,294

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.

Amortization expense related to these intangible assets for the three months and nine months ended February 29, 2016 was $13.6 million and $40.7 million, respectively, and for the three months and nine months ended February 28, 2015 was $13.6 million and $40.9 million, respectively. Expected amortization expense for the remainder of fiscal year 2016 and for each of the five succeeding years is as follows (in thousands):

Year Ending May 31:
2016	$	13,597
2017		54,231
2018		54,117
2019		50,193
2020		49,086
2021		49,059