Acquisitions (Tables) - Ragasco

6 Months Ended

Nov. 30, 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	$	4,379	10
Technological know-how		14,659	10
Customer relationships		12,660	15
Total acquired identifiable intangible assets	$	31,698

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

				Measurement
	Preliminary			Period			Final
	Valuation			Adjustments			Valuation
Cash and cash equivalents	$	1,925		$	-		$	1,925
Accounts receivable		8,554			-			8,554
Inventory		16,403			-			16,403
Other current assets		990			-			990
Property, plant and equipment		27,325			-			27,325
Operating lease assets		8,834			-			8,834
Deferred income taxes		365			-			365
Intangible assets		32,840			(1,142	)		31,698
Total identifiable assets		97,236			(1,142	)		96,094
Accounts payable		(4,885	)		-			(4,885	)
Current operating lease liability		(980	)		-			(980	)
Accrued expenses		(6,344	)		-			(6,344	)
Noncurrent operating lease liability		(7,886	)		-			(7,886	)
Deferred income taxes		(9,226	)		251			(8,975	)
Other liabilities		(100	)		-			(100	)
Net identifiable assets		67,815			(891	)		66,924
Goodwill		40,748			891			41,639
Total purchase price		108,563			-			108,563
Less: Fair value of earnout		7,139			-			7,139
Cash purchase price	$	101,424		$	-		$	101,424