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Consolidated Balance Sheets - USD ($)
$ in Thousands
May. 31, 2015
May. 31, 2014
Current Assets    
Cash and cash equivalents $ 66,061 $ 40,675
Marketable securities 48,103 35,821
Accounts receivable, less allowance of $1,300 and $1,200 at May 31, 2015 and 2014 59,208 51,901
Inventories 51,601 51,178
Deferred income taxes 1,991 1,710
Prepaid expenses and other current assets 4,231 7,461
Total Current Assets 231,195 188,746
Property and Equipment    
Land and improvements 2,296 1,875
Buildings and improvements 26,925 26,456
Machinery and equipment 46,794 40,333
Furniture and fixtures 2,691 2,282
Construction in progress 783 1,659
Property, Plant and Equipment, Gross, Total 79,489 72,605
Less accumulated depreciation 35,016 30,656
Net Property and Equipment 44,473 41,949
Other Assets    
Goodwill 70,119 68,190
Other non-amortizable intangible assets 9,020 9,682
Amortizable customer based intangible assets, net of accumulated amortization of $14,446 and $11,915 at May 31, 2015 and 2014 24,170 25,230
Other non-current assets, net of accumulated amortization of $7,191 and $5,494 at May 31, 2015 and 2014 13,204 11,504
Total Other Assets 116,513 114,606
Total Assets 392,181 345,301
Current Liabilities    
Accounts payable 13,691 13,396
Accruals    
Compensation and benefits 4,142 4,357
Federal income taxes 1,275 0
Other 6,348 7,214
Total Current Liabilities 25,456 24,967
Deferred Income Taxes 13,711 12,155
Other Long-Term Liabilities 2,051 1,879
Total Liabilities $ 41,218 $ 39,001
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; 37,128,269 and 36,732,313 shares issued and outstanding at May 31, 2015 and 2014 5,941 5,877
Additional paid-in capital 131,906 118,070
Accumulated other comprehensive income (loss) (2,442) 371
Retained earnings 215,569 182,043
Total Neogen Corporation and Subsidiaries Stockholders' Equity 350,974 306,361
Noncontrolling interest (11) (61)
Total Equity 350,963 306,300
TOTAL LIABILITIES AND EQUITY $ 392,181 $ 345,301