Consolidated Balance Sheet - USD ($) $ in Thousands	Aug. 31, 2016	May 31, 2016
Current Assets
Cash and cash equivalents	$ 76,187	$ 55,257
Marketable securities (at fair value, which approximates cost)	53,039	52,539
Accounts receivable, less allowance of $1,500 and $1,500	59,354	67,652
Inventories	69,839	64,371
Deferred income taxes	1,756	1,775
Prepaid expenses and other current assets	8,432	8,407
Total Current Assets	268,607	250,001
Net Property and Equipment	54,739	54,683
Other Assets
Goodwill	88,215	88,506
Other non-amortizable intangible assets	9,170	9,170
Total Assets	468,615	451,715
Current Liabilities
Accounts payable	17,966	15,800
Accrued compensation	4,938	4,986
Income taxes	1,821	0
Other accruals	7,913	7,812
Total Current Liabilities	32,638	28,598
Deferred Income Taxes	16,533	16,533
Other Long-Term Liabilities	2,224	2,423
Total Liabilities	51,395	47,554
Commitments and Contingencies (note 7)
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 37,709,433 and 37,567,689 shares issued and outstanding at August 31, 2016 and May 31, 2016, respectively.	6,033	6,011
Additional paid-in capital	155,681	150,000
Accumulated other comprehensive loss	(6,524)	(3,946)
Retained earnings	262,014	252,133
Total Neogen Corporation Stockholders' Equity	417,204	404,198
Non-controlling interest	16	(37)
Total Equity	417,220	404,161
Total Liabilities and Equity	468,615	451,715
Customer-based intangibles
Other Assets
Amortizable intangible assets, net of accumulated amortization	28,877	30,909
Other Intangible Assets
Other Assets
Amortizable intangible assets, net of accumulated amortization	$ 19,007	$ 18,446

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).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
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.