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ACQUISITIONS (Tables) | 3 Months Ended
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Aug. 31, 2015
Summary of Preliminary Purchase Price Allocation | The following table presents the preliminary purchase price allocation for Qualspec (in thousands):
|  | July 7, 2015 |
|  | (unaudited) |
Cash and cash equivalents |  | $ | 3,981 |
Accounts receivable |  |  | 21,281 |
Current deferred tax assets |  |  | 279 |
Prepaid expenses |  |  | 1,049 |
Plant, property and equipment |  |  | 15,472 |
Intangible assets |  |  | 74,700 |
Goodwill |  |  | 151,732 |
Other assets |  |  | 165 |
Non-current deferred tax assets |  |  | 3,459 |
Total assets acquired |  | $ | 272,118 |
Accounts payable |  | $ | 2,892 |
Other accrued liabilities |  |  | 6,448 |
Contingent consideration |  |  | 5,778 |
Total liabilities assumed |  |  | 15,118 |
Net assets acquired |  | $ | 257,000 |
Summary of Unaudited Pro Forma Consolidated Results of Operations | Our unaudited pro forma consolidated results of operations are shown below as if the acquisition of Qualspec had occurred at the beginning of fiscal years 2015 and 2016. These results are not necessarily indicative of the results which would actually have occurred if the purchase had taken place at the beginning of fiscal years 2015 or 2016, nor are they necessarily indicative of future results (in thousands, except per share data).
|  | Pro forma data Three Months Ended August 31, |
|  | 2015 |  |  | 2014 |
|  | (unaudited) |  |  | (unaudited) |
Revenues |  | $ | 238,408 |  |  | $ | 227,760 |
Net income |  | $ | 1,679 |  |  | $ | 7,342 |
Earnings per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.08 |  |  | $ | 0.36 |
Diluted |  | $ | 0.08 |  |  | $ | 0.35 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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