Acquisitions (Tables)

9 Months Ended

Feb. 28, 2013

Schedule of Acquisition of Identifiable Intangible Assets

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

(in thousands)			Useful  Life (Years)
Category	Amount
Customer relationships	$	12,796		10
Trade name		2,986		3-4
Non-compete agreement		1,050		5
Other		1,486		1-3
Total acquired identifiable intangible assets	$	18,318

Schedule of Fair Value Assigned to Assets Acquired and Liabilities Assumed

The following table summarizes the consideration transferred for Westerman and the fair value assigned to the assets acquired and liabilities assumed at the acquisition date:

(in thousands)
Cash and cash equivalents	$	639
Accounts receivable		6,355
Inventories		15,377
Prepaid expenses and other current assets		836
Intangible assets		18,318
Property, plant and equipment		23,503
Total identifiable assets		65,028
Accounts payable		(2,952	)
Accrued liabilities		(2,479	)
Other current liabilities		(765	)
Short-term borrowings		(7,251	)
Deferred income taxes		(11,054	)
Net identifiable assets		40,527
Goodwill		22,222
Total cash consideration	$	62,749