Schedule of Unaudited Pro Forma Information

The unaudited pro forma information presented below is for informational purposes only and is not necessarily indicative of our consolidated results of operations of the combined business had the acquisitions occurred at the beginning of fiscal 2025 or of the results of our future operations of the combined business.


	Fiscal Year Ended May 31,
	2026		2025
Pro forma net sales	$	1,426,347	$	1,321,100
Pro forma net earnings		168,872		100,174

Schedule of Acquisition of Intangible Assets

In connection with the acquisition of LSI, we identified and valued the following intangible assets:


			Useful Life
Category	Amount		(Years)
Customer relationships	$	70,600	12-20
Trade name		21,100	Indefinite
Technological know-how		16,100	10
Non-compete agreement		800	5
Total acquired identifiable assets	$	108,600

Schedule of Consideration Transferred for the Assets and the Preliminary Fair Value Assigned to Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid and the final fair value assigned to the assets and liabilities assumed at the Elgen acquisition date.


				Measurement
	Preliminary			Period			Final
	Valuation			Adjustments			Valuation
Cash and cash equivalents	$	1,093		$	-		$	1,093
Accounts receivable		12,751			868			13,619
Inventory		16,351			(310	)		16,041
Other current assets		1,605			(124	)		1,481
Property, plant and equipment		11,941			(308	)		11,633
Operating lease assets		21,196			162			21,358
Intangible assets		34,400			400			34,800
Total identifiable assets		99,337			688			100,025
Accounts payable		(11,364	)		-			(11,364	)
Current operating lease liability		(2,225	)		(17	)		(2,242	)
Accrued expenses		(4,465	)		(1,125	)		(5,590	)
Noncurrent operating lease liability		(19,041	)		(146	)		(19,187	)
Deferred income taxes		(3,582	)		(1,510	)		(5,092	)
Net identifiable assets		58,660			(2,110	)		56,550
Goodwill		33,617			1,660			35,277
Total purchase price	$	92,277		$	(450	)	$	91,827

Schedule of Acquisition of Intangible Assets

In connection with the acquisition of Ragasco, we identified and valued the following intangible assets:


			Useful Life
Category	Amount		(Years)
Trade name	$	4,379	10
Technological know-how		14,659	10
Customer relationships		12,660	15
Total acquired identifiable intangible assets	$	31,698

Schedule of Consideration Transferred for the Assets and the Preliminary Fair Value Assigned to Assets Acquired and Liabilities Assumed


				Measurement
	Preliminary			Period			Final
	Valuation			Adjustments			Valuation
Cash	$	73		$	-		$	73
Accounts receivable		255			-			255
Inventories		5,511			269			5,780
Property, plant and equipment		1,732			-			1,732
Intangible assets		4,500			-			4,500
Total identifiable assets		12,071			269			12,340
Accounts payable		(7,363	)		17			(7,346	)
Other accrued items		(1,099	)		-			(1,099	)
Net identifiable assets		3,609			286			3,895
Goodwill		8,302			(212	)		8,090
Net assets		11,911			74			11,985
Noncontrolling interest		(2,392	)		(5	)		(2,397	)
Total cash consideration	$	9,519		$	69		$	9,588