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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 29, 2016
May. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 66,862 $ 66,061
Marketable securities (at fair value, which approximates cost) 58,296 48,103
Accounts receivable, less allowance of $1,450 and $1,300 56,156 59,208
Inventories 65,448 51,601
Deferred income taxes 2,293 1,991
Prepaid expenses and other current assets 5,885 4,231
TOTAL CURRENT ASSETS 254,940 231,195
NET PROPERTY AND EQUIPMENT 51,901 44,473
OTHER ASSETS    
Goodwill 75,978 70,119
Other non-amortizable intangible assets 9,170 9,020
Customer based intangibles, net of accumulated amortization of $15,794 and $14,446 at February 29, 2016 and May 31, 2015 23,065 24,170
Other non-current assets, net of accumulated amortization of $8,187 and $7,191 at February 29, 2016 and May 31, 2015 17,187 13,204
Total Other Assets 125,400 116,513
TOTAL ASSETS 432,241 392,181
CURRENT LIABILITIES    
Accounts payable 15,403 13,691
Accrued compensation 4,121 4,142
Income taxes 3,002 1,275
Other accruals 5,256 6,348
TOTAL CURRENT LIABILITIES 27,782 25,456
DEFERRED INCOME TAXES 14,478 13,711
OTHER LONG-TERM LIABILITIES 2,107 2,051
Liabilities, Noncurrent, Total 16,585 15,762
TOTAL LIABILITIES 44,367 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 37,523,740 and 37,128,269 shares issued and outstanding at February 29, 2016 and May 31, 2015, respectively. 6,004 5,941
Additional paid-in capital 145,287 131,906
Accumulated other comprehensive loss (5,694) (2,442)
Retained earnings 242,276 215,569
TOTAL NEOGEN CORPORATION STOCKHOLDERS' EQUITY 387,873 350,974
Non-controlling interest 1 (11)
TOTAL EQUITY 387,874 350,963
TOTAL LIABILITIES AND EQUITY $ 432,241 $ 392,181