Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
Current Assets
Cash and cash equivalents	$ 55,257	$ 66,061
Marketable securities	52,539	48,103
Accounts receivable, less allowance of $1,500 and $1,300 at May 31, 2016 and 2015	67,652	59,208
Inventories	64,371	51,601
Deferred income taxes	1,775	1,991
Prepaid expenses and other current assets	8,407	4,231
Total Current Assets	250,001	231,195
Property and Equipment
Land and improvements	2,659	2,296
Buildings and improvements	33,417	26,925
Machinery and equipment	56,470	46,794
Furniture and fixtures	3,068	2,691
Construction in progress	1,057	783
Property, Plant and Equipment, Gross, Total	96,671	79,489
Less accumulated depreciation	41,988	35,016
Net Property and Equipment	54,683	44,473
Other Assets
Goodwill	88,506	70,119
Other non-amortizable intangible assets	9,170	9,020
Amortizable intangible assets, net of accumulated amortization	49,355	37,374
Total Other Assets	147,031	116,513
Total Assets	451,715	392,181
Current Liabilities
Accounts payable	15,800	13,691
Accruals
Compensation and benefits	4,986	4,142
Federal income taxes	0	1,275
Other	7,812	6,348
Total Current Liabilities	28,598	25,456
Deferred Income Taxes	16,533	13,711
Other Long-Term Liabilities	2,423	2,051
Total Liabilities	47,554	41,218
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; 37,567,689 and 37,128,269 shares issued and outstanding at May 31, 2016 and 2015	6,011	5,941
Additional paid-in capital	150,000	131,906
Accumulated other comprehensive loss	(3,946)	(2,442)
Retained earnings	252,133	215,569
Total Neogen Corporation and Subsidiaries Stockholders' Equity	404,198	350,974
Non-controlling interest	(37)	(11)
Total Equity	404,161	350,963
TOTAL LIABILITIES AND EQUITY	451,715	392,181
Customer-based intangibles
Other Assets
Amortizable intangible assets, net of accumulated amortization	30,909	24,170
Other Intangible Assets
Other Assets
Other non-amortizable intangible assets	1,224	1,224
Amortizable intangible assets, net of accumulated amortization	$ 18,446	$ 13,204

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.