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Business Combinations (Tables) | 6 Months Ended
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Nov. 30, 2023
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 |
Three M Food Safety Transaction [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:
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 Business Acquisition, Pro Forma Information | The following table presents pro forma information as if the merger with the 3M FSD business had occurred on June 1, 2022 and had been combined with the results reported in our condensed consolidated statements of operations for all periods presented:
|  | Three Months Ended November 30, |  |  | Six Months Ended November 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Net sales |  | $ | 229,629 |  |  | $ | 230,033 |  |  | $ | 458,616 |  |  | $ | 459,894 |
Operating Income (Loss) |  | $ | 14,465 |  |  | $ | (7,656 | ) |  | $ | 33,600 |  |  | $ | 3,437 |
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 |  |  |  |

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