Intangible Assets (Tables)

3 Months Ended

Jul. 31, 2019


		July 31, 2019						April 30, 2019
		Gross						Gross					Estimated
		Carrying		Accumulated				Carrying		Accumulated			Useful Lives
(in millions)		Amounts		Amortization		Net (1)		Amounts		Amortization		Net	(in years)
Customer contracts
and relationships	$	2,016.6	$	1,590.0	$	426.6	$	2,032.1	$	1,580.0	$	452.1	2 - 15
Acquired and
developed technology		1,183.6		1,081.9		101.7		1,191.9		1,081.0		110.9	1 - 11
Tradenames		138.9		137.0		1.9		139.4		137.4		2.0	1 - 20
Acquired favorable leases		-		-		-		2.2		2.2		-	2
Total	$	3,339.1	$	2,808.9	$	530.2	$	3,365.6	$	2,800.6	$	565.0

(1)Net intangible assets decreased from April 30, 2019 to July 31, 2019 by approximately $2.0 million due to cumulative foreign currency translation adjustments, reflecting changes in the exchange rates of the currencies of the applicable underlying entities.

Amortization Expense by Asset Type


		Three Months Ended
		July 31,
(in millions)		2019		2018
Customer contracts and relationships	$	24.7	$	24.8
Acquired and developed technology		9.9		10.3
Tradenames		0.1		0.8
Acquired favorable leases		-		0.1
Total	$	34.7	$	36.0

Estimated Future Amortization Expense


(in millions)
Fiscal 2020 (remaining 9 months)	$	98.8
Fiscal 2021		123.6
Fiscal 2022		79.0
Fiscal 2023		56.7
Fiscal 2024		50.2
Fiscal 2025		42.9
Thereafter		79.0
Total	$	530.2

Infor, Inc. 10-Q