Acquisitions and Divestitures (Tables)

12 Months Ended

May 31, 2016

Business Combinations [Abstract]

Schedule of Aggregate Purchase Price for Businesses Acquired

The assets acquired and liabilities assumed are valued at the estimated fair value at the acquisition date as required by GAAP.

Assets:
Cash and cash equivalents	$	333
Accounts receivable	16,705
Inventory	5,987
Other current assets	1,443
Property, plant and equipment	849
Goodwill	86,392
Service contracts	34,000
Other intagibles	4,500
Liabilities:
Accounts payable	(7,195		)
Accrued liabilities	(4,428		)
Deferred income taxes	(4,586		)
Total consideration	$	134,000

The following summarizes the aggregate purchase price and fair value allocations for all businesses acquired:

(In thousands)	2016		2015
Fair value of tangible assets acquired	$	26,759	$	177
Fair value of service contracts acquired	55,694		9,856
Fair value of other intangibles acquired	4,639		945
Net goodwill recognized	97,097		8,648
Total fair value of assets acquired	184,189		19,626
Fair value of liabilities assumed and incurred	27,610		4,131
Total cash paid for acquisitions	$	156,579	$	15,495