ACQUISITIONS (Tables)

6 Months Ended

Nov. 30, 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		20,445
Current deferred tax assets		279
Prepaid expenses		1,049
Plant, property and equipment		15,472
Intangible assets		74,700
Goodwill		145,440
Non-current deferred tax asset		3,459
Other assets		147
Total assets acquired	$	264,972
Accounts payable	$	2,892
Other accrued liabilities		6,448
Total liabilities assumed		9,340
Net assets acquired	$	255,632

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 November 30,		Pro forma data Six Months Ended November 30,
	2014		2015		2014
	(unaudited)		(unaudited)		(unaudited)
Revenues	$	287,003	$	521,388	$	514,763
Net income	$	18,255	$	13,261	$	25,597
Earnings per share:
Basic	$	0.88	$	0.64	$	1.24
Diluted	$	0.84	$	0.62	$	1.17