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Acquisitions (Tables) - Elgen

3 Months Ended

Aug. 31, 2025

Schedule of Acquisition of Intangible Assets

In connection with the acquisition of Elgen, we identified and valued the following intangible assets:


										Useful Life
Category						Amount				(Years)
Customer relationships						$	17,800			15
Trade name							7,900			10
Technological know-how							7,000			10
Non-compete agreement							1,700			5
Total acquired identifiable intangible assets						$	34,400

Schedule of Consideration Transferred for the Assets and the Preliminary Fair Value Assigned to Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid and the final fair value assigned to the assets and liabilities assumed at the acquisition date.


								Preliminary
								Valuation
Cash and cash equivalents								$	1,093
Accounts receivable									12,751
Inventory									16,351
Other current assets									1,605
Property, plant and equipment									11,941
Operating lease assets									21,196
Intangible assets									34,400
Total identifiable assets									99,337
Accounts payable									(11,364	)
Current operating lease liability									(2,225	)
Accrued expenses									(4,465	)
Noncurrent operating lease liability									(19,041	)
Deferred income taxes									(3,582	)
Net identifiable assets									58,660
Goodwill									33,617
Total purchase price								$	92,277

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

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