Acquisitions (Tables)

12 Months Ended

May 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Aggregate Purchase Price and Fair Value Allocations for Businesses Acquired

The allocation of the preliminary purchase price, including the value of the previously held equity method investment, at fair value is as follows:

(In thousands)	December 10, 2021
Assets
Working capital assets	$	17,352
Property and equipment	16,230
Operating lease right-of-use assets	16,882
Goodwill	55,986
Separately identifiable intangible assets	9,201
Liabilities
Total current liabilities	(6,425)
Operating lease liabilities	(17,734)
Total allocation (consideration)	$	91,492

The following summarizes the aggregate purchase price and fair value allocations for all businesses acquired during the fiscal year ended May 31:

(In thousands)	2022		2021
Fair value of tangible assets acquired	$	37,412	$	609
Fair value of service contracts acquired	44,738		5,466
Fair value of other intangibles acquired	6,045		552
Fair value of operating lease right-of-use assets, net	16,882		—
Net goodwill recognized	144,105		8,352
Total fair value of assets acquired	249,182		14,979
Fair value of liabilities assumed	(23,720)		(4,941)
Fair value of operating lease liabilities	(17,734)		—
Total fair value of liabilities assumed	(41,454)		(4,941)
Total consideration for acquisitions, net of cash acquired	$	207,728	$	10,038