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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2015
May. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 71,378 $ 66,061
Marketable securities (at fair value, which approximates cost) 51,640 48,103
Accounts receivable, less allowance of $1,400 and $1,300 57,604 59,208
Inventories 61,485 51,601
Deferred income taxes 2,293 1,991
Prepaid expenses and other current assets 6,077 4,231
TOTAL CURRENT ASSETS 250,477 231,195
NET PROPERTY AND EQUIPMENT 51,865 44,473
OTHER ASSETS    
Goodwill 75,147 70,119
Other non-amortizable intangible assets 9,020 9,020
Customer based intangibles, net of accumulated amortization of $15,069 and $14,446 at November 30, 2015 and May 31, 2015 23,571 24,170
Other non-current assets, net of accumulated amortization of $7,630 and $7,191 at November 30, 2015 and May 31, 2015 15,703 13,204
Total Other Assets 123,441 116,513
TOTAL ASSETS 425,783 392,181
CURRENT LIABILITIES    
Accounts payable 20,682 13,691
Accrued compensation 4,246 4,142
Income taxes 289 1,275
Other accruals 6,010 6,348
TOTAL CURRENT LIABILITIES 31,227 25,456
DEFERRED INCOME TAXES 14,478 13,711
OTHER LONG-TERM LIABILITIES 2,176 2,051
Liabilities, Noncurrent, Total 16,654 15,762
TOTAL LIABILITIES 47,881 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 37,443,771 and 37,128,269 shares issued and outstanding at November 30, 2015 and May 31, 2015, respectively 5,991 5,941
Additional paid-in capital 141,371 131,906
Accumulated other comprehensive loss (3,449) (2,442)
Retained earnings 233,965 215,569
TOTAL NEOGEN CORPORATION STOCKHOLDERS' EQUITY 377,878 350,974
Non-controlling interest 24 (11)
TOTAL EQUITY 377,902 350,963
TOTAL LIABILITIES AND EQUITY $ 425,783 $ 392,181