Acquisitions and Divestitures (Tables)

12 Months Ended

May 31, 2014

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the fair values of the assets acquired and the liabilities assumed from Maharam on April 29, 2013:



Assets Acquired and Liabilities Assumed on April 29, 2013
(In millions)	Fair Value
Purchase price	$	155.8
Fair value of the assets acquired
Accounts receivable	11.1
Inventory	14.1
Other current assets	4.4
Investments in nonconsolidated affiliates	4.3
Other intangible assets	42.4
Goodwill	80.7
Property	12.1
Long term deferred tax asset	1.6
Other assets	0.2
Total assets acquired	170.9
Fair value of liabilities assumed
Accounts payable	6.5
Current deferred tax liabilities	1.6
Accrued compensation and benefits	4.7
Other accrued liabilities	1.0
Other long term liabilities	1.3
Total liabilities assumed	15.1
Net assets acquired	$	155.8

Business Combination, Segment Allocation

The goodwill amounts allocated to the reportable segments were as follows:



Goodwill Segment Allocation as of April 29, 2013
(In millions)	Fair Value
North American Furniture Solutions	$	31.9
Specialty and Consumer	48.8
Total Goodwill	$	80.7

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

Intangible assets acquired as a result of the April 29, 2013 acquisition of Maharam were valued at $42.4 million. These amounts are reflected in the values presented in the table below:



Intangible Assets Acquired on April 29, 2013
(In millions)	Fair Value		Useful Life
Trade name	$	23.0	Indefinite
Designs and patterns	3.1		5
Specifier and customer relationships	16.0		15
Non-compete agreements	0.3		2
Total Intangibles Acquired	$	42.4