Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2017	May 31, 2017
Current Assets
Cash and cash equivalents	$ 58,456	$ 77,567
Marketable securities (at fair value, which approximates cost)	101,534	66,068
Accounts receivable, less allowance of $1,900 and $2,000	66,341	68,576
Inventories	73,413	73,144
Prepaid expenses and other current assets	11,190	7,606
Total Current Assets	310,934	292,961
Net Property and Equipment	63,285	61,748
Other Assets
Goodwill	105,073	104,759
Other non-amortizable intangible assets	14,346	14,323
Total Assets	547,334	528,409
Current Liabilities
Accounts payable	16,665	16,244
Accrued compensation	5,079	5,002
Income taxes	6,032	936
Other accruals	10,546	13,820
Total Current Liabilities	38,322	36,002
Deferred Income Taxes	16,917	17,048
Other Non-Current Liabilities	4,842	3,602
Total Liabilities	60,081	56,652
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, 38,233,260 and 38,199,367 shares issued and outstanding at August 31, 2017 and May 31, 2017, respectively	6,117	6,112
Additional paid-in capital	180,131	176,779
Accumulated other comprehensive loss	(7,000)	(7,203)
Retained earnings	307,773	295,926
Total Neogen Corporation Stockholders' Equity	487,021	471,614
Non-controlling interest	232	143
Total Equity	487,253	471,757
Total Liabilities and Equity	547,334	528,409
Customer-based intangibles
Other Assets
Amortizable intangible assets, net of accumulated amortization	35,011	35,983
Other Intangible Assets
Other Assets
Amortizable intangible assets, net of accumulated amortization	$ 18,685	$ 18,635

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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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.