Acquisitions (Tables) - Ragasco

3 Months Ended

Aug. 31, 2024

Schedule of Acquisition of Intangible Assets

In connection with the acquisition of Ragasco, we identified and valued the following intangible assets:

			Useful Life
Category	Amount		(Years)
Trade name	$	5,520	10
Technological know-how		14,660	10
Customer relationships		12,660	15
Total acquired identifiable intangible assets	$	32,840

Schedule of Consideration Transferred for the Assets and the Preliminary Fair Value Assigned to Assets Acquired and Liabilities Assumed

	Preliminary
	Valuation
Cash and cash equivalents	$	1,925
Accounts receivable		8,554
Inventory		16,403
Other current assets		990
Property, plant and equipment		27,325
Operating lease assets		8,834
Intangible assets		32,840
Total identifiable assets		96,871
Accounts payable		(4,885	)
Current operating lease liability		(980	)
Accrued expenses		(6,344	)
Noncurrent operating lease liability		(7,886	)
Deferred income taxes		(8,861	)
Other liabilities		(100	)
Net identifiable assets		67,815
Goodwill		41,480
Total purchase price		109,295
Less: Fair value of earnout		7,139
Cash purchase price	$	102,156