v2.3.0.11
Consolidated Balance Sheets (USD $)
In Thousands
Aug. 31, 2011
May 31, 2011
ASSETS    
Cash and cash equivalents $ 22,032 $ 35,844
Marketable securities 29,325 20,239
Accounts receivable, less allowance of $800 and $800 32,673 28,634
Inventories 34,222 31,994
Deferred income taxes 1,044 1,044
Prepaid expenses and other current assets 4,923 4,747
TOTAL CURRENT ASSETS 124,219 122,502
NET PROPERTY AND EQUIPMENT 28,238 22,340
OTHER ASSETS    
Goodwill 51,609 51,584
Other non-amortizable intangible assets 5,166 5,166
Customer based intangibles, net of accumulated amortization of $5,810 and $5,431 11,627 12,006
Other non-current assets, net of accumulated amortization of $2,977 and $2,789 6,763 6,064
TOTAL OTHER ASSETS 75,165 74,820
TOTAL ASSETS 227,622 219,662
LIABILITIES AND EQUITY    
Accounts payable 9,802 8,516
Accrued compensation 2,280 2,715
Income taxes 1,778 0
Other accruals 4,393 6,566
TOTAL CURRENT LIABILITIES 18,253 17,797
DEFERRED INCOME TAXES 8,347 8,347
OTHER LONG-TERM LIABILITIES 4,456 4,540
TOTAL NONCURRENT LIABILITIES 12,803 12,887
TOTAL LIABILITIES 31,056 30,684
EQUITY    
Preferred stock, $1.00 par value, 100,000 shares authorized, none issued and outstanding 0 0
Common stock, $.16 par value, 30,000,000 shares authorized, 23,374,082 and 23,290,604 shares issued and outstanding at August 31, 2011 and May 31, 2011, respectively 3,739 3,727
Additional paid-in capital 82,934 81,248
Accumulated other comprehensive loss (508) (394)
Retained earnings 110,059 104,064
Total Neogen Corporation Stockholders' Equity 196,224 188,645
Noncontrolling interest 342 333
TOTAL EQUITY 196,566 188,978
TOTAL LIABILITIES AND EQUITY $ 227,622 $ 219,662