Business Combinations (Tables)

12 Months Ended

May 31, 2024

Corvium Inc [Member]

Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net [Line Items]

Summary of Final Purchase Price Allocation Based upon Fair Value of Assets Acquired And Liabilities Assumed

The final purchase price allocation, based upon the fair value of these assets acquired and liabilities assumed, which was determined using the income approach, is summarized in the following table:

Prepaids and other current assets	$	66
Property, plant and equipment		13
Intangible assets		10,280
Deferred revenue		(1,827	)
Adjustment of annual license prepaid		(419	)
Other non-current liabilities		(930	)
Total identifiable assets and liabilities acquired		7,183
Goodwill		16,884
Total purchase consideration	$	24,067

3M Food Safety Transaction

Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net [Line Items]

Summary of Final Purchase Price Allocation Based upon Fair Value of Assets Acquired And Liabilities Assumed

The final purchase price allocation, based upon the fair value of these assets acquired and liabilities assumed, which was determined using the income approach, is summarized in the following table:

Cash and cash equivalents	$	319
Inventories		18,403
Other current assets		14,855
Property, plant and equipment		25,832
Intangible assets		1,559,805
Right of use asset		882
Lease liability		(885	)
Deferred tax liabilities		(352,636	)
Other liabilities		(2,832	)
Total identifiable assets and liabilities acquired		1,263,743
Goodwill		1,974,870
Total purchase consideration	$	3,238,613

Summary of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The following table summarizes the intangible assets acquired and the useful life of these assets.

	Fair Value		Useful Life in Years
Trade Names and Trademarks	$	108,434		25
Developed Technology		277,650		15
Customer Relationships		1,173,721		20
Total intangible assets acquired	$	1,559,805

Summary of Business Acquisition, Unaudited Pro Forma Information

The following table presents unaudited pro forma information as if the merger with the 3M FSD business had occurred on June 1, 2021 and had been combined with the results reported in our consolidated statements of operations for all periods presented:

	Year Ended May 31,
	2023		2022
Net revenue	$	919,959	$	910,978
Operating income	$	44,373	$	42,258