Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets, Net of Accumulated Amortization

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Goodwill and Intangible Assets, Net of Accumulated Amortization
3 Months Ended
Aug. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net of Accumulated Amortization
Goodwill and Intangible Assets, Net of Accumulated Amortization
The Company had goodwill balances on its Consolidated Balance Sheets of $561.5 million as of both August 31, 2015 and May 31, 2015.
The Company has certain intangible assets with finite lives. The components of intangible assets, at cost, consisted of the following:
In millions
August 31, 2015
 
May 31, 2015
Client lists
$
247.9

 
$
244.6

Other intangible assets
3.2

 
3.2

Total intangible assets, gross
251.1

 
247.8

Less: Accumulated amortization
218.1

 
215.4

Intangible assets, net of accumulated amortization
$
33.0

 
$
32.4


Amortization expense relating to intangible assets was $3.0 million for the three months ended August 31, 2015, compared with $3.8 million for the three months ended August 31, 2014.
As of August 31, 2015, the estimated amortization expense relating to intangible asset balances for the full year fiscal 2016 and the following four fiscal years is as follows:
In millions
Fiscal year ending May 31,
Estimated
amortization
expense
2016
$
12.0

2017
$
8.9

2018
$
6.1

2019
$
4.1

2020
$
2.4