XML 32 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Aug. 31, 2013
May 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 43,608 $ 50,032
Marketable securities (at fair value, which approximates cost) 40,767 35,337
Accounts receivable, less allowance of $900 and $900 43,649 38,737
Inventories 43,757 38,315
Deferred income taxes 1,462 1,462
Prepaid expenses and other current assets 4,663 4,564
TOTAL CURRENT ASSETS 177,906 168,447
NET PROPERTY AND EQUIPMENT 35,813 34,345
OTHER ASSETS    
Goodwill 63,576 59,491
Other non-amortizable intangible assets 7,007 6,660
Customer based intangibles, net of accumulated amortization of $9,376 and $9,446 13,721 12,345
Other non-current assets, net of accumulated amortization of $5,067 and $4,222 10,114 9,270
Total Other Assets 94,418 87,766
TOTAL ASSETS 308,137 290,558
CURRENT LIABILITIES    
Accounts payable 11,654 9,212
Accrued compensation 3,166 3,227
Income taxes 2,350 165
Other accruals 5,669 5,115
TOTAL CURRENT LIABILITIES 22,839 17,719
DEFERRED INCOME TAXES 12,449 12,449
OTHER LONG-TERM LIABILITIES 2,127 2,103
Liabilities, Noncurrent, Total 14,576 14,552
TOTAL LIABILITIES 37,415 32,271
EQUITY    
Preferred stock, $1.00 par value, 100,000 shares authorized, none issued and outstanding 0 0
Common stock, $.16 par value, 60,000,000 shares authorized, 24,240,625 and 24,056,014 shares issued and outstanding at August 31, 2013 and May 31, 2012 3,878 3,849
Additional paid-in capital 106,238 101,859
Accumulated other comprehensive loss (1,042) (1,372)
Retained earnings 161,724 153,885
Total Neogen Corporation Stockholders' Equity 270,798 258,221
Noncontrolling interest (76) 66
TOTAL EQUITY 270,722 258,287
TOTAL LIABILITIES AND EQUITY $ 308,137 $ 290,558