| Summary of Goodwill by Reportable Segment |
The following table summarizes goodwill by reportable segment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Food Safety |
|
|
Animal Safety |
|
|
Total |
|
Balance, May 31, 2023 |
|
$ |
2,056,161 |
|
|
$ |
81,335 |
|
|
$ |
2,137,496 |
|
Acquisitions |
|
|
250 |
|
|
|
— |
|
|
|
250 |
|
Foreign currency translation and other |
|
|
(2,206 |
) |
|
|
92 |
|
|
|
(2,114 |
) |
Balance, May 31, 2024 |
|
$ |
2,054,205 |
|
|
$ |
81,427 |
|
|
$ |
2,135,632 |
|
Impairment |
|
|
(1,045,349 |
) |
|
|
(13,084 |
) |
|
|
(1,058,433 |
) |
Foreign currency translation and other (1) |
|
|
(11,973 |
) |
|
|
(324 |
) |
|
|
(12,297 |
) |
Balance, May 31, 2025 |
|
$ |
996,883 |
|
|
$ |
68,019 |
|
|
$ |
1,064,902 |
|
(1) Other charge includes goodwill impairment related to held for sale entities.
|
| Summary of Definite Lived Intangible Assets |
Definite-lived intangible assets consisted of the following and are included in amortizable intangible assets within the consolidated balance sheets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
Carrying
Amount |
|
|
Less
Accumulated
Amortization |
|
|
Net
Carrying
Amount |
|
Licenses |
|
$ |
15,612 |
|
|
$ |
7,828 |
|
|
$ |
7,784 |
|
Covenants not to compete |
|
|
422 |
|
|
|
349 |
|
|
|
73 |
|
Patents |
|
|
8,928 |
|
|
|
4,393 |
|
|
|
4,535 |
|
Customer relationships intangibles |
|
|
1,231,875 |
|
|
|
196,727 |
|
|
|
1,035,148 |
|
Trade names and trademarks |
|
|
119,233 |
|
|
|
16,404 |
|
|
|
102,829 |
|
Developed technology |
|
|
307,883 |
|
|
|
62,253 |
|
|
|
245,630 |
|
Other product and service-related intangibles |
|
|
16,388 |
|
|
|
1,902 |
|
|
|
14,486 |
|
Balance, May 31, 2025 |
|
$ |
1,700,341 |
|
|
$ |
289,856 |
|
|
$ |
1,410,485 |
|
|
|
|
|
|
|
|
|
|
|
Licenses |
|
$ |
14,407 |
|
|
$ |
7,214 |
|
|
$ |
7,193 |
|
Covenants not to compete |
|
|
487 |
|
|
|
425 |
|
|
|
62 |
|
Patents |
|
|
7,692 |
|
|
|
3,770 |
|
|
|
3,922 |
|
Customer relationships intangibles |
|
|
1,244,790 |
|
|
|
140,963 |
|
|
|
1,103,827 |
|
Trade names and trademarks |
|
|
124,328 |
|
|
|
11,407 |
|
|
|
112,921 |
|
Developed technology |
|
|
307,560 |
|
|
|
41,150 |
|
|
|
266,410 |
|
Other product and service-related intangibles |
|
|
23,947 |
|
|
|
6,629 |
|
|
|
17,318 |
|
Balance, May 31, 2024 |
|
$ |
1,723,211 |
|
|
$ |
211,558 |
|
|
$ |
1,511,653 |
|
|