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Acquisitions (Tables)
12 Months Ended
May 31, 2013
Acquisitions  
Summary of estimated fair value of assets acquired and liabilities assumed at the date of acquisition

 

 

2013

 

2012

 

 

 

 

 

 

 

Number of entities

 

3

 

11

 

 

 

 

 

 

 

Consideration transferred:

 

 

 

 

 

Cash paid

 

$

34,968

 

$

30,453

 

Subordinated notes issued

 

7,715

 

3,348

 

Contingent consideration

 

8,330

 

10,625

 

 

 

 

 

 

 

Consideration transferred

 

$

51,013

 

$

44,426

 

 

 

 

 

 

 

Current liabilities acquired

 

761

 

(5,773

)

Debt and other long-term liabilities

 

(4,540

)

(9,106

)

Property, plant and equipment

 

8,945

 

14,260

 

Deferred tax liability

 

(7,654

)

(1,746

)

Intangibles

 

25,491

 

11,934

 

Goodwill

 

28,010

 

34,857

 

Net assets acquired

 

$

51,013

 

$

44,426

 

Schedule of pro forma information of the results of operations

The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisitions been consummated as of that time (unaudited, in thousands):

 

 

 

For the years ended May 31,

 

 

 

2013

 

2012

 

Revenues

 

$

563,651

 

$

541,437

 

 

 

 

 

 

 

Income from operations

 

$

29,280

 

$

34,557

 

Schedule of acquisition-related expense, net

 

 

For the years ended May 31,

 

 

 

2013

 

2012

 

Due diligence, professional fees and other transaction costs

 

$

1,586

 

$

1,806

 

Adjustments to fair value of contingent consideration liabilities

 

 

(3,727

)

 

174

 

Acquisition-related expense, net

 

$

(2,141

)

$

1,980