ACQUISITIONS	12 Months Ended
May 31, 2014
ACQUISITIONS	2. ACQUISITIONS In July 2013, we purchased a leading provider of industrial rope access services, for a total consideration of approximately $12.9 million including net working capital of $1.3 million and $11.6 million allocated to goodwill and intangible assets. We expect $7.9 million of the goodwill recognized to be deductible for tax purposes. The purchase price included $1.9 million of contingent consideration. The contingent consideration is based upon the achievement of operating earnings thresholds over a six year period for an amount of up to $4.0 million. In September 2012, we purchased TCI, a leading provider of inspection and repair services of above ground storage tanks. The TCI acquisition included total consideration of approximately $23.2 million, including net working capital of $4.1 million, $2.6 million in fixed assets and $16.4 million allocated to goodwill and intangible assets. We expect $6.7 million of the goodwill recognized to be deductible for tax purposes. The purchase price included $5.0 million of deferred consideration and $1.9 million of contingent consideration which we revalued during the second quarter of fiscal year 2014, resulting in the recognition of a non-cash gain of $2.1 million. In August 2012, we also purchased a specialty remote digital video inspection company in New Zealand for approximately $3 million in cash.

ACQUISITIONS

12 Months Ended

May 31, 2014

2. ACQUISITIONS

In July 2013, we purchased a leading provider of industrial rope access services, for a total consideration of approximately $12.9 million including net working capital of $1.3 million and $11.6 million allocated to goodwill and intangible assets. We expect $7.9 million of the goodwill recognized to be deductible for tax purposes. The purchase price included $1.9 million of contingent consideration. The contingent consideration is based upon the achievement of operating earnings thresholds over a six year period for an amount of up to $4.0 million.

In September 2012, we purchased TCI, a leading provider of inspection and repair services of above ground storage tanks. The TCI acquisition included total consideration of approximately $23.2 million, including net working capital of $4.1 million, $2.6 million in fixed assets and $16.4 million allocated to goodwill and intangible assets. We expect $6.7 million of the goodwill recognized to be deductible for tax purposes. The purchase price included $5.0 million of deferred consideration and $1.9 million of contingent consideration which we revalued during the second quarter of fiscal year 2014, resulting in the recognition of a non-cash gain of $2.1 million.

In August 2012, we also purchased a specialty remote digital video inspection company in New Zealand for approximately $3 million in cash.