Goodwill and Intangible Assets, Net of Accumulated Amortization
|12 Months Ended|
May 31, 2021
|Goodwill and Intangible Assets, Net of Accumulated Amortization [Abstract]|
|Goodwill and Intangible Assets, Net of Accumulated Amortization||
Note K — Goodwill and Intangible Assets, Net of Accumulated Amortization
Goodwill and changes in goodwill as of and for the years ended May 31, 2021 and May 31, 2020 were as follows:
The Company had certain intangible assets on its Consolidated Balance Sheets. The components of intangible assets, at cost, consisted of the following:
During fiscal 2021, the Company acquired customer lists with a weighted-average amortization of 8.9 years.
Amortization expense relating to intangible assets was $68.6 million, $81.9 million, and $55.8 million for fiscal 2021, 2020, and 2019, respectively.
The Company did not recognize an impairment loss as it relates to its goodwill or intangible assets during fiscal 2021, 2020, or 2019.
The estimated amortization expense for the next five fiscal years relating to intangible asset balances is as follows:
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef