Acquisitions (Tables)

12 Months Ended

May 31, 2020

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The Acquisition Date fair value of the consideration paid consisted of the following (in thousands):

Cash consideration	$	59,898
Stock consideration	15,068
	$	74,966

Schedule of Purchase Price Allocation

The following is a summary of the amounts recognized in accounting for the Yucatan Foods acquisition:

(In thousands)
Cash and cash equivalents	$	26
Accounts receivable, net	6,310
Inventories	11,384
Prepaid expenses and other current assets	1,573
Other assets	102
Property and equipment	14,083
Trademarks/tradenames	15,900
Customer relationships	11,000
Accounts payable	(4,507)
Other accrued liabilities	(1,873)
Deferred tax liabilities	(1,767)
Net identifiable assets acquired	52,231
Goodwill	22,735
Total fair value purchase consideration	$	74,966