Consolidated Balance Sheet - USD ($) $ in Thousands	Nov. 30, 2016	May 31, 2016
Current Assets
Cash and cash equivalents	$ 86,297	$ 55,257
Marketable securities (at fair value, which approximates cost)	55,809	52,539
Accounts receivable, less allowance of $1,650 and $1,500	64,902	67,652
Inventories	71,683	64,371
Deferred income taxes	1,748	1,775
Prepaid expenses and other current assets	7,962	8,407
Total Current Assets	288,401	250,001
Net Property and Equipment	55,533	54,683
Other Assets
Goodwill	87,581	88,506
Other non-amortizable intangible assets	9,370	9,170
Total Assets	487,311	451,715
Current Liabilities
Accounts payable	17,287	15,800
Accrued compensation	4,442	4,986
Income taxes	1,383
Other accruals	10,757	7,812
Total Current Liabilities	33,869	28,598
Deferred Income Taxes	16,418	16,533
Other Long-Term Liabilities	2,251	2,423
Total Liabilities	52,538	47,554
Commitments and Contingencies (note 7)
Equity
Preferred stock, $1.00 par value, 100,000 shares authorized, none issued and outstanding
Common stock, $0.16 par value, 60,000,000 shares authorized 37,970,778 and 37,567,689 shares issued and outstanding at November 30, 2016 and May 31, 2016, respectively.	6,076	6,011
Additional paid-in capital	163,626	150,000
Accumulated other comprehensive loss	(8,130)	(3,946)
Retained earnings	273,165	252,133
Total Neogen Corporation Stockholders' Equity	434,737	404,198
Non-controlling interest	36	(37)
Total Equity	434,773	404,161
Total Liabilities and Equity	487,311	451,715
Customer-based intangibles
Other Assets
Amortizable intangible assets, net of accumulated amortization	27,271	30,909
Other Intangible Assets
Other Assets
Amortizable intangible assets, net of accumulated amortization	$ 19,155	$ 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.