Acquisitions (Tables)

12 Months Ended

May 31, 2014

Supplemental unaudited pro forma information

The following supplemental unaudited pro forma information presents our financial results as if the acquisition of Navilyst had occurred on June 1, 2010 (in thousands):



	For the year ended May 31,
	2012
	(unaudited)
Net sales	$	365,357
Net income	$	3,897

Microsulis Medical Ltd [Member]

Business Acquisition [Line Items]

Schedule of estimated fair value of the assets acquired and liabilities assumed

The following table summarizes the preliminary estimated fair value of the assets acquired and liabilities assumed (in thousands):



Accounts receivable	$	364
Inventories	687
Other current assets	443
Fixed assets	1,906
Intangibles	12,500
Goodwill	19,284
Total assets acquired	35,184
Liabilities assumed	(1,634		)
Total purchase price	$	33,550
Cash payment at closing	$	10,566
Cash payment for initial investment	5,000
Present value of deferred payment	4,820
Present value of contingent consideration liability	13,164
Total purchase price	$	33,550

Vortex Medical [Member]

Business Acquisition [Line Items]

Schedule of estimated fair value of the assets acquired and liabilities assumed

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed (in thousands):



Cash and cash equivalents	$	339
Accounts receivable	203
Inventories	488
Other assets	7
Deferred tax assets	1,307
Intangibles	72,430
Goodwill	29,519
Total assets acquired	104,293
Deferred tax liabilities	(28,340		)
Liabilities assumed	(661		)
Total purchase price	$	75,292
Cash payments at closing	$	15,105
Present value of contingent consideration liability	60,302
Working capital adjustment	(115		)
Total purchase price	$	75,292

Navilyst [Member]

Business Acquisition [Line Items]

Schedule of estimated fair value of the assets acquired and liabilities assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed (in thousands):



	May 22, 2012
Cash and cash equivalents	$	7,683
Accounts receivable	19,069
Inventories	26,851
Prepaid expenses and other current assets	5,504
Property, plant and equipment	34,017
Deferred tax assets	34,209
Goodwill	144,705
Intangibles	107,100
Other long-term assets	497
Total assets acquired	379,635
Liabilties assumed	(18,287		)
Total net assets acquired	$	361,348