Goodwill and Intangible Assets, Net of Accumulated Amortization
|9 Months Ended|
Feb. 28, 2019
|Goodwill and Intangible Assets, Net of Accumulated Amortization [Abstract]|
|Goodwill and Intangible Assets, Net of Accumulated Amortization||
Note J: Goodwill and Intangible Assets, Net of Accumulated Amortization
The Company had goodwill balances on its Consolidated Balance Sheets of $1.8 billion as of February 28, 2019 and $814.0 million as of May 31, 2018. Changes in goodwill balances are the result of the acquisition of Oasis and foreign currency exchange rate fluctuations.
The Company has certain intangible assets on its Consolidated Balance Sheets. The components of intangible assets, at cost, consisted of the following:
(1) Client lists and other intangible assets include current estimates of amounts acquired from Oasis as of December 20, 2018. Refer to Note D for further details.
Amortization expense relating to intangible assets was $20.9 million and $34.0 million for the three and nine months ended February 28, 2019, respectively, compared to $5.1 million and $14.3 million for the three and nine months ended February 28, 2018, respectively.
As of February 28, 2019, the estimated amortization expense relating to intangible asset balances for the full year fiscal 2019 and the following four fiscal years is as follows:
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef