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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2015
May. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 42,326 $ 66,061
Marketable securities (at fair value, which approximates cost) 68,629 48,103
Accounts receivable, less allowance of $1,350 and $1,300 59,041 59,208
Inventories 56,107 51,601
Deferred income taxes 2,300 1,991
Prepaid expenses and other current assets 6,958 4,231
TOTAL CURRENT ASSETS 235,361 231,195
NET PROPERTY AND EQUIPMENT 49,294 44,473
OTHER ASSETS    
Goodwill 75,292 70,119
Other non-amortizable intangible assets 9,020 9,020
Customer-based intangibles, net of accumulated amortization of $14,385 and $14,446 at August 31 and May 31, 2015 24,875 24,170
Other non-current assets, net of accumulated amortization of $6,689 and $7,191 15,544 13,204
Total Other Assets 124,731 116,513
TOTAL ASSETS 409,386 392,181
CURRENT LIABILITIES    
Accounts payable 14,762 13,691
Accrued compensation 3,898 4,142
Income taxes 2,292 1,275
Other accruals 5,947 6,348
TOTAL CURRENT LIABILITIES 26,899 25,456
DEFERRED INCOME TAXES 14,495 13,711
OTHER LONG-TERM LIABILITIES 2,086 2,051
Liabilities, Noncurrent, Total 16,581 15,762
TOTAL LIABILITIES 43,480 41,218
COMMITMENTS AND CONTINGENCIES (note 7) 0 0
EQUITY    
Preferred stock, $1.00 par value, 100,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.16 par value, 60,000,000 shares authorized; 37,372,476 and 37,128,269 shares issued and outstanding at August 31 and May 31, 2015, respectively 5,980 5,941
Additional paid-in capital 138,234 131,906
Accumulated other comprehensive income (loss) (3,155) (2,442)
Retained earnings 224,892 215,569
TOTAL NEOGEN CORPORATION AND SUBSIDIARIES STOCKHOLDERS' EQUITY 365,951 350,974
Non-controlling interest (45) (11)
TOTAL EQUITY 365,906 350,963
TOTAL LIABILITIES AND EQUITY $ 409,386 $ 392,181