| Schedule of Intangible Assets |
Intangible assets consisted of the following: | | | | | | | | | | | | | | | | | | | | | | May 31, 2025 | | (in thousands) | Gross carrying
value | | Accumulated
amortization | | Net carrying
value | | | | Product technologies | $ | 178,673 | | | $ | (112,657) | | | $ | 66,016 | | | | | Customer relationships | 7,749 | | | (4,802) | | | 2,947 | | | | | Trademarks | 2,100 | | | (2,081) | | | 19 | | | | | Licenses | 3,837 | | | (3,703) | | | 134 | | | | | $ | 192,359 | | | $ | (123,243) | | | $ | 69,116 | | | |
| | | | | | | | | | | | | | | | | | | May 31, 2024 | | (in thousands) | Gross carrying
value | | Accumulated
amortization | | Net carrying
value | | Product technologies | $ | 176,227 | | | $ | (102,468) | | | $ | 73,759 | | | Customer relationships | 9,028 | | | (5,628) | | | 3,400 | | | Trademarks | 2,100 | | | (2,024) | | | 76 | | | Licenses | 3,837 | | | (3,689) | | | 148 | | | | | | | | | | | | | | | $ | 191,192 | | | $ | (113,809) | | | $ | 77,383 | |
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| Schedule of Expected Amortization Expense |
Expected future amortization expense related to the intangible assets for each of the following fiscal years is as follows: | | | | | | | (in thousands) | | | 2026 | $ | 10,302 | | | 2027 | 10,212 | | | 2028 | 10,163 | | | 2029 | 10,065 | | | 2030 | 10,052 | | | 2031 and thereafter | 18,322 | | | $ | 69,116 | |
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