Consolidated Balance Sheet - USD ($) $ in Thousands	Feb. 28, 2017	May 31, 2016
Current Assets
Cash and cash equivalents	$ 59,883	$ 55,257
Marketable securities (at fair value, which approximates cost)	64,699	52,539
Accounts receivable, less allowance of $1,750 and $1,500	67,367	67,652
Inventories	75,396	64,371
Deferred income taxes	1,747	1,775
Prepaid expenses and other current assets	7,678	8,407
Total Current Assets	276,770	250,001
Net Property and Equipment	60,975	54,683
Other Assets
Goodwill	104,080	88,506
Other non-amortizable intangible assets	11,699	9,170
Total Assets	507,298	451,715
Current Liabilities
Accounts payable	17,072	15,800
Accrued compensation	4,393	4,986
Income taxes	2,179
Other accruals	11,079	7,812
Total Current Liabilities	34,723	28,598
Deferred Income Taxes	17,692	16,533
Other Long-Term Liabilities	3,227	2,423
Total Liabilities	55,642	47,554
Commitments and Contingencies (note 9)
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, 38,119,486 and 37,567,689 shares issued and outstanding at February 28, 2017 and May 31, 2016, respectively	6,099	6,011
Additional paid-in capital	169,667	150,000
Accumulated other comprehensive loss	(7,689)	(3,946)
Retained earnings	283,453	252,133
Total Neogen Corporation Stockholders' Equity	451,530	404,198
Non-controlling interest	126	(37)
Total Equity	451,656	404,161
Total Liabilities and Equity	507,298	451,715
Customer-based intangibles
Other Assets
Amortizable intangible assets, net of accumulated amortization	35,508	30,909
Other Intangible Assets
Other Assets
Amortizable intangible assets, net of accumulated amortization	$ 18,266	$ 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).

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- 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.