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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
May 31, 2013
May 31, 2012
Current Assets    
Cash and cash equivalents $ 50,032 $ 49,045
Marketable securities 35,337 19,600
Accounts receivable, less allowance of $900 and $800 at May 31, 2013 and 2012 38,737 35,652
Inventories 38,315 34,992
Deferred income taxes 1,462 1,328
Prepaid expenses and other current assets 4,564 3,324
Total Current Assets 168,447 143,941
Property and Equipment    
Land and improvements 1,669 1,439
Buildings and improvements 22,779 20,657
Machinery and equipment 33,060 27,508
Furniture and fixtures 1,021 1,410
Construction in progress 1,561 590
Property, Plant and Equipment, Gross, Total 60,090 51,604
Less accumulated depreciation 25,745 21,671
Net Property and Equipment 34,345 29,933
Other Assets    
Goodwill 59,491 53,052
Other non-amortizable intangible assets 6,660 5,270
Amortizable customer based intangibles, net of accumulated amortization of $9,446 and $7,111 at May 31, 2013 and 2012 12,345 10,826
Other non-current assets, net of accumulated amortization of $4,222 and $3,578 at May 31, 2013 and 2012 9,270 8,578
Total Other Assets 87,766 77,726
Total assets 290,558 251,600
Current Liabilities    
Accounts payable 9,212 10,760
Accruals    
Compensation and benefits 3,227 2,756
Federal income taxes 165 809
Other 5,115 5,654
Total Current Liabilities 17,719 19,979
Deferred Income Taxes 12,449 9,974
Other Long-Term Liabilities 2,103 2,593
Total Liabilities 32,271 32,546
Commitments and Contingencies (note 7)      
Equity    
Preferred stock, $1.00 par value - shares authorized 100,000; none issued and outstanding 0 0
Common stock, $0.16 par value - shares authorized 60,000,000; 24,056,014 and 23,619,761 shares issued and outstanding at May 31, 2013 and 2012 3,849 3,779
Additional paid-in capital 101,859 89,592
Accumulated other comprehensive loss (1,372) (1,227)
Retained earnings 153,885 126,695
Total Neogen Corporation and Subsidiaries Stockholders' Equity 258,221 218,839
Noncontrolling interest 66 215
Total Equity 258,287 219,054
TOTAL LIABILITIES AND EQUITY $ 290,558 $ 251,600