Acquisitions (Tables)

The following table summarizes the fair value of the assets acquired and liabilities assumed as of the date of the acquisition:


Cash and cash equivalents	$	7,469
Accounts receivable, net	23,697
Inventories	21,190
Prepaid expenses and other current assets	549
Property, plant and equipment — net	2,472
Goodwill	66,178
Other intangible assets	64,099
Operating lease assets	6,800
Other assets	1,034
Accounts payable	(17,353)
Accrued compensation and benefits	(9,106)
Taxes, other than income taxes	(6,680)
Accrued income taxes	(1,807)
Other current liabilities	(17,688)
Operating lease liabilities	(6,800)
Other liabilities	(5,678)
Net assets acquired	$	128,376
Less: cash acquired	(7,469)

Fair value of total consideration	$	120,907

The following table presents the unaudited pro forma operating results of the Company for the year ended July 31, 2024, reflecting the acquisition of Gravotech as if it had occurred at the beginning of fiscal year 2024. Unaudited pro forma operating results are not presented for the years ended July 31, 2026 and 2025, as the financial impact of the acquisition is fully reflected in the accompanying consolidated financial statements. The unaudited pro forma operating results for the year ended July 31, 2024 include Gravotech’s normal operating results and pro forma adjustments to include cumulative expenses, net of tax, for the non-recurring fair value adjustment to inventory, amortization expense for acquired intangible assets and interest expense on acquisition-related debt. The unaudited pro forma operating results for the year ended July 31, 2024 are presented for comparative purposes only and do not necessarily reflect future operating results or those that would have occurred had the acquisition been completed at the beginning of fiscal year 2024.


	Year ended July 31, 2024
Net sales, pro forma	$	1,457,537
Net income, pro forma	189,258