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Acquisitions (Tables) | 9 Months Ended
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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 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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