Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets, Net of Accumulated Amortization (Tables)

v3.10.0.1
Goodwill and Intangible Assets, Net of Accumulated Amortization (Tables)
12 Months Ended
May 31, 2018
Goodwill and Intangible Assets, Net of Accumulated Amortization [Abstract]  
Components of Intangible Assets, at Cost



 

 

 

 

 

 



 

 

 

 

 

 



 

May 31,

In millions

 

2018

 

2017

Client lists(1)

 

$

308.5 

 

$

293.5 

Other intangible assets

 

 

13.3 

 

 

5.4 

Total intangible assets, gross

 

 

321.8 

 

 

298.9 

Less: Accumulated amortization

 

 

180.4 

 

 

241.3 

Intangible assets, net of accumulated amortization

 

$

141.4 

 

$

57.6 

(1)

During fiscal 2018, the Company resolved a contractual dispute within certain licensees.  As part of this agreement, the Company acquired rights to certain client lists for approximately $30.0 million. Refer to Note P for further details. In addition, the balance as of May 31, 2018 includes client lists from the HROI and Lessor acquisitions. Refer to Note C for further details.



Estimated Amortization Expense



 

 

 

In millions

 

Estimated amortization

Year ending May 31,

 

expense

2019

 

$

25.5 

2020

 

 

22.4 

2021

 

 

19.3 

2022

 

 

16.4 

2023

 

 

14.1