ACQUISITIONS (Tables)

7 Months Ended

Dec. 31, 2015

Summary of Pro Forma Consolidated Results of Operations

Our pro forma consolidated results of operations are shown below as if the acquisition of Qualspec had occurred at June 1, 2014. These results are not necessarily indicative of the results which would actually have occurred if the purchase had taken place at June 1, 2014, nor are they necessarily indicative of future results (in thousands, except per share data).

	Pro forma data Seven Months Ended December 31,		Pro forma data Year Ended May 31,
	2015		2015
	(unaudited)		(unaudited)
Revenues	$	589,553	$	1,011,829
Net income	$	9,215	$	41,597
Earnings per share:
Basic	$	0.44	$	2.03
Diluted	$	0.43	$	1.92

Summary of Revenue and Earnings Included in Consolidated Statement of Income

The amounts of revenue and earnings of Qualspec included in the consolidated statement of income (in the IHT segment) from the acquisition date to the period ending December 31, 2015 are as follows:

Revenues	$	79,323
Net income	$	2,748

Qualspec Group [Member]

Summary of Purchase Price Allocation

The following table presents purchase price allocation for Qualspec (in thousands):

Cash and cash equivalents	$	3,981
Accounts receivable		21,495
Current deferred tax assets		279
Prepaid expenses		1,049
Plant, property and equipment		15,472
Intangible assets		78,100
Goodwill		148,482
Other assets		138
Total assets acquired	$	268,996
Accounts payable	$	2,892
Other accrued liabilities		7,581
Non-current deferred tax liability		2,982
Total liabilities assumed		13,455
Net assets acquired	$	255,541