Intangible Assets, Net and Goodwill (Tables)
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9 Months Ended |
Feb. 29, 2016 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Indefinite-lived Intangible Assets |
Intangible assets, net consisted of the following:
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February 29, 2016 |
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May 31, 2015 |
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Gross Amount |
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Accumulated Amortization |
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Carrying Value |
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Gross Amount |
|
Accumulated Amortization |
|
Carrying Value |
Trade names and trademarks |
$ |
149,976 |
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|
$ |
— |
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|
$ |
149,976 |
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$ |
199,481 |
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|
$ |
— |
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|
$ |
199,481 |
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Purchased technology |
23,924 |
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|
(5,839 |
) |
|
18,085 |
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|
21,413 |
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|
(7,135 |
) |
|
14,278 |
|
Customer relationships |
31,614 |
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|
(15,953 |
) |
|
15,661 |
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|
86,513 |
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|
(23,518 |
) |
|
62,995 |
|
Leases |
2,150 |
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|
(172 |
) |
|
1,978 |
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|
— |
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|
— |
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|
— |
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Total |
$ |
207,664 |
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|
$ |
(21,964 |
) |
|
$ |
185,700 |
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|
$ |
307,407 |
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|
$ |
(30,653 |
) |
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$ |
276,754 |
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| Schedule of Finite-lived Intangible Assets, Net |
Intangible assets, net consisted of the following:
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February 29, 2016 |
|
May 31, 2015 |
|
Gross Amount |
|
Accumulated Amortization |
|
Carrying Value |
|
Gross Amount |
|
Accumulated Amortization |
|
Carrying Value |
Trade names and trademarks |
$ |
149,976 |
|
|
$ |
— |
|
|
$ |
149,976 |
|
|
$ |
199,481 |
|
|
$ |
— |
|
|
$ |
199,481 |
|
Purchased technology |
23,924 |
|
|
(5,839 |
) |
|
18,085 |
|
|
21,413 |
|
|
(7,135 |
) |
|
14,278 |
|
Customer relationships |
31,614 |
|
|
(15,953 |
) |
|
15,661 |
|
|
86,513 |
|
|
(23,518 |
) |
|
62,995 |
|
Leases |
2,150 |
|
|
(172 |
) |
|
1,978 |
|
|
— |
|
|
— |
|
|
— |
|
Total |
$ |
207,664 |
|
|
$ |
(21,964 |
) |
|
$ |
185,700 |
|
|
$ |
307,407 |
|
|
$ |
(30,653 |
) |
|
$ |
276,754 |
|
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| Schedule of Goodwill |
Goodwill consisted of the following:
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Hockey |
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Baseball/Softball |
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Other Sports |
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Total |
Balance as of May 31, 2015 |
$ |
43,840 |
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$ |
55,374 |
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$ |
3,541 |
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$ |
102,755 |
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Impairment |
— |
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|
(55,374 |
) |
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(382 |
) |
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(55,756 |
) |
Exchange differences |
— |
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|
— |
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|
(49 |
) |
|
(49 |
) |
Balance as of February 29, 2016 |
$ |
43,840 |
|
|
$ |
— |
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|
$ |
3,110 |
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|
$ |
46,950 |
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| Schedule of Impaired Goodwill and Intangible Assets |
The Company recorded impairment on goodwill and intangible assets as follows:
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Three Months Ended February 29 and 28, |
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Nine Months Ended February 29 and 28, |
|
2016 |
|
2015 |
|
2016 |
|
2015 |
Trade names and trademarks |
$ |
46,940 |
|
|
$ |
— |
|
|
$ |
46,940 |
|
|
$ |
— |
|
Purchased technology |
1,894 |
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|
— |
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|
1,894 |
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|
— |
|
Customer relationships |
40,522 |
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|
— |
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|
40,522 |
|
|
— |
|
Goodwill |
55,756 |
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|
— |
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|
55,756 |
|
|
— |
|
Total impairment of goodwill and intangible assets |
$ |
145,112 |
|
|
$ |
— |
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$ |
145,112 |
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|
$ |
— |
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