ACQUISITIONS (Tables)

3 Months Ended

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