Note 2 - Business Combinations (Tables)
|
12 Months Ended |
May. 31, 2015 |
|---|
| Business Combinations [Abstract] |
|
| Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
| Cash on hand |
|
$ |
2,558 |
|
| Accounts receivable |
|
|
7,697 |
|
| Inventories |
|
|
16,800 |
|
| Property and equipment |
|
|
13,432 |
|
| Intangible assets |
|
|
33,240 |
|
| Goodwill |
|
|
36,889 |
|
| Current liabilities |
|
|
(4,669 |
) |
| Deferred tax assets and liabilities - net |
|
|
(15,197 |
) |
| Other assets and liabilities - net |
|
|
(146 |
) |
| Total consideration paid |
|
|
90,604 |
|
| Less: Contingent consideration liability |
|
|
(4,400 |
) |
| Total cash purchase price |
|
$ |
86,204 |
|
|
| Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] |
| |
|
|
|
|
|
Useful Life |
|
| Intangible Asset |
|
Fair Value |
|
|
in Years |
|
| |
|
|
|
|
|
|
|
|
| Customer relationships |
|
$ |
16,000 |
|
|
|
20 |
|
| Existing technology |
|
|
13,250 |
|
|
|
10 |
|
| Trade name |
|
|
2,250 |
|
|
|
22 |
|
| Below market leasehold interests |
|
|
340 |
|
|
|
2 to 12 |
|
| In-process research and development |
|
|
1,400 |
|
|
n/a |
|
| |
|
$ |
33,240 |
|
|
|
|
|
|
| Sources and Uses of funds from Acquisition [Table Text Block] |
| Sources: |
|
|
|
|
| Proceeds from Term Loan |
|
$ |
50,000 |
|
| Proceeds from equity contributions |
|
|
42,500 |
|
| |
|
$ |
92,500 |
|
| Uses: |
|
|
|
|
| Equity purchase price |
|
$ |
86,204 |
|
| Transaction costs |
|
|
4,161 |
|
| Additional working capital |
|
|
2,135 |
|
| |
|
$ |
92,500 |
|
|