Consolidated Balance Sheet - USD ($) $ in Thousands	Nov. 30, 2017	May 31, 2017
Current Assets
Cash and cash equivalents	$ 64,425	$ 77,567
Marketable securities (at fair value, which approximates cost)	111,410	66,068
Accounts receivable, less allowance of $1,800 and $2,000	74,859	68,576
Inventories, net	73,713	73,144
Prepaid expenses and other current assets	15,533	7,606
Total Current Assets	339,940	292,961
Net Property and Equipment	66,874	61,748
Other Assets
Goodwill	104,290	104,759
Other non-amortizable intangible assets	14,667	14,323
Total Assets	581,028	528,409
Current Liabilities
Accounts payable	17,427	16,244
Accrued compensation	5,619	5,002
Income taxes	1,959	936
Other accruals	12,940	13,820
Total Current Liabilities	37,945	36,002
Deferred Income Taxes	16,943	17,048
Non-Current Liabilities	5,496	3,602
Total Liabilities	60,384	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, 51,508,548 and 50,932,489 shares issued and outstanding at November 30, 2017 and May 31, 2017, respectively	8,241	8,149
Additional paid-in capital	193,711	174,742
Accumulated other comprehensive loss	(6,466)	(7,203)
Retained earnings	324,873	295,926
Total Neogen Corporation Stockholders' Equity	520,359	471,614
Non-controlling interest	285	143
Total Equity	520,644	471,757
Total Liabilities and Equity	581,028	528,409
Customer-based intangibles
Other Assets
Amortizable intangible assets, net of accumulated amortization	33,512	35,983
Other Intangible Assets
Other Assets
Amortizable intangible assets, net of accumulated amortization	$ 21,745	$ 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.