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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
May 31, 2014
May 31, 2013
Current Assets    
Cash and cash equivalents $ 40,675 $ 50,032
Marketable securities 35,821 35,337
Accounts receivable, less allowance of $1,200 and $900 at May 31, 2014 and 2013 51,901 38,737
Inventories 51,178 38,315
Deferred income taxes 1,710 1,462
Prepaid expenses and other current assets 7,461 4,564
Total Current Assets 188,746 168,447
Property and Equipment    
Land and improvements 1,875 1,669
Buildings and improvements 26,456 22,779
Machinery and equipment 40,333 33,060
Furniture and fixtures 2,282 1,021
Construction in progress 1,659 1,561
Property, Plant and Equipment, Gross, Total 72,605 60,090
Less accumulated depreciation 30,656 25,745
Net Property and Equipment 41,949 34,345
Other Assets    
Goodwill 68,190 59,491
Other non-amortizable intangible assets 9,682 6,660
Amortizable customer based intangible assets, net of accumulated amortization of $11,915 and $9,446 at May 31, 2014 and 2013 25,230 12,345
Other non-current assets, net of accumulated amortization of $5,494 and $4,222 at May 31, 2014 and 2013 11,504 9,270
Total Other Assets 114,606 87,766
Total assets 345,301 290,558
Current Liabilities    
Accounts payable 13,396 9,212
Accruals    
Compensation and benefits 4,357 3,227
Federal income taxes 0 165
Other 7,214 5,115
Total Current Liabilities 24,967 17,719
Deferred Income Taxes 12,155 12,449
Other Long-Term Liabilities 1,879 2,103
Total Liabilities 39,001 32,271
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; 36,732,313 and 36,084,021 shares issued and outstanding at May 31, 2014 and 2013 5,877 5,773
Additional paid-in capital 118,070 99,935
Accumulated other comprehensive income (loss) 371 (1,372)
Retained earnings 182,043 153,885
Total Neogen Corporation and Subsidiaries Stockholders' Equity 306,361 258,221
Noncontrolling interest (61) 66
Total Equity 306,300 258,287
TOTAL LIABILITIES AND EQUITY $ 345,301 $ 290,558