XML 24 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Aug. 31, 2014
May 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 53,457 $ 40,675
Marketable securities (at fair value, which approximates cost) 34,640 35,821
Accounts receivable, less allowance of $1,250 and $1,200 51,689 51,901
Inventories 55,087 51,178
Deferred income taxes 1,680 1,710
Prepaid expenses and other current assets 4,616 7,461
TOTAL CURRENT ASSETS 201,169 188,746
NET PROPERTY AND EQUIPMENT 42,700 41,949
OTHER ASSETS    
Goodwill 68,190 68,190
Other non-amortizable intangible assets 9,682 9,682
Amortizable customer-based intangibles, net of accumulated amortization of $12,593 and $11,915 at August 31 and May 31, 2014 24,538 25,230
Other non-current assets, net of accumulated amortization of $5,467 and $5,494 at August 31 and May 31, 2014 11,383 11,504
Total Other Assets 113,793 114,606
TOTAL ASSETS 357,662 345,301
CURRENT LIABILITIES    
Accounts payable 13,002 13,396
Accrued compensation 4,103 4,357
Income taxes 1,443 0
Other accruals 5,927 7,214
TOTAL CURRENT LIABILITIES 24,475 24,967
DEFERRED INCOME TAXES 12,290 12,155
OTHER LONG-TERM LIABILITIES 2,032 1,879
Liabilities, Noncurrent, Total 14,322 14,034
TOTAL LIABILITIES 38,797 39,001
COMMITMENTS AND CONTINGENCIES (note 7) 0 0
EQUITY    
Preferred stock, $1.00 par value, 100,000 shares authorized, none issued and outstanding   0
Common stock, $0.16 par value, 60,000,000 shares authorized, 36,926,501 and 36,732,313 shares issued and outstanding at August 31, 2014 and May 31, 2014, respectively. 5,908 5,877
Additional paid-in capital 121,914 118,070
Accumulated other comprehensive income (loss) 152 371
Retained earnings 190,926 182,043
TOTAL NEOGEN CORPORATION AND SUBSIDIARIES STOCKHOLDER'S EQUITY 318,900 306,361
Noncontrolling interest (35) (61)
TOTAL EQUITY 318,865 306,300
TOTAL LIABILITIES AND EQUITY $ 357,662 $ 345,301