Acquisitions (Tables)

9 Months Ended

Feb. 28, 2022

Business Combination and Asset Acquisition [Abstract]

Purchase Price Allocation

The allocation of the preliminary purchase price, including the value of the previously held equity method investment, at fair value is as follows:

(In thousands)	December 10, 2021
ASSETS
Working capital assets	$	17,352
Property and equipment	16,230
Operating lease right-of-use assets	16,882
Goodwill	55,986
Separately identifiable intangible assets	9,201
LIABILITIES
Total current liabilities	(6,425)
Operating lease liabilities	(17,734)
Total allocation (consideration)	$	91,492

The following summarizes the aggregate purchase price and fair value allocations for all businesses acquired during the nine months ended February 28:

(In thousands)	2022		2021
Fair value of tangible assets acquired	$	36,736	$	476
Fair value of service contracts acquired	41,560		4,203
Fair value of other intangibles acquired	5,439		432
Fair value of operating lease right-of-use assets, net	16,882		—
Net goodwill recognized	132,206		5,850
Total fair value of assets acquired	232,823		10,961
Fair value of liabilities assumed	(20,746)		(3,391)
Fair value of operating lease liabilities	(17,734)		—
Total fair value of liabilities assumed	(38,480)		(3,391)
Total consideration for acquisitions, net of cash acquired	$	194,343	$	7,570