Acquisitions (Tables)

12 Months Ended

Jul. 31, 2020

Schedule of purchase price allocations of material acquisitions

The following table presents our purchase price allocation of our material acquisitions (each of which was accounted for as a business combination in accordance with ASC Topic 805, “Business Combinations”):


	2020				2019
Purchase Price Allocation	Hu-Friedy⁽¹⁾⁽²⁾		Omnia			CES Business⁽²⁾
	(Preliminary)		(Final)			(Final)
Purchase Price:
Cash paid	$	662,151	$	15,797		$	17,047
Fair value of contingent consideration	38,371		—			—
Common stock issued	54,391		3,210			—
Total	$	754,913	$	19,007		$	17,047

Allocation:
Property and equipment	38,571		1,285			539
Intangible assets:
Customer relationships	225,000		10,206			8,100
Technology	32,000		1,257			—
Brand names	112,000		1,600			—
Goodwill	276,744		10,539			6,137
Deferred income taxes	(135)		(2,346)			—
Inventories	63,680		—			—
Other working capital	7,053		1,673			2,271
Long-term debt	—		(5,207)			—
Total	$	754,913	$	19,007		$	17,047

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(1)During the second quarter of fiscal 2020, we paid $25,000 to settle a portion of the contingent consideration, and during the third quarter of fiscal 2020, we paid $35,000 to repurchase a portion of the common stock issued, both of which were included in Acquisitions, net of cash acquired in the Consolidated Statement of Cash Flows. See Note 9, “Fair Value Measurements” for additional information.

(2)The excess purchase price over net assets acquired was assigned to goodwill, substantially all of which is deductible for income tax purposes.

Schedule of pro forma summary of operations


	Year Ended July 31,
Pro Forma Summary of Operations	2020		2019
Net sales	$	1,054,972	$	1,132,603
Net income	$	8,690	$	53,984
Earnings per common share:
Basic	$	0.20	$	1.27
Diluted	$	0.20	$	1.27