XML 39 R33.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Derivatives (Tables) | 9 Months Ended
--- | ---
Feb. 29, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Other Derivatives Not Designated As Hedging Instruments Statements of Financial Performance And Financial Position Location |
Fair Value of Derivatives Not Designated as Hedging Instruments |  | Balance Sheet Location |  | February 29, 2024 |  |  | May 31, 2023 |
Foreign currency forward contracts, net |  | Other (payable) receivable |  | $ | (160 | ) |  | $ | 140 |
Schedule of Gain Loss From Derivatives Not Designated As Hedging Instruments Statements of Financial Performance And Location | The location and amount of gains (losses) from derivatives not designated as hedging instruments in our condensed consolidated statements of operations were as follows:
|  |  |  | Three Months Ended |
Derivatives Not Designated as Hedging Instruments |  | Location in statements of operations |  | February 29, 2024 |  |  | February 28, 2023 |
Foreign currency forward contracts |  | Other income (expense) |  | $ | 150 |  |  | $ | (1,564 | )
|  |  | Nine Months Ended |
Derivatives Not Designated as Hedging Instruments |  | Location in statements of operations |  | February 29, 2024 |  |  | February 28, 2023 |
Foreign currency forward contracts |  | Other expense |  | $ | (391 | ) |  | $ | (9,812 | )
Summary of Interest Rate Swaps on Recurring Basis Using Observable Market Inputs for Similar Assets or Liabilities | We record the fair value of our interest rate swaps on a recurring basis using Level 2 observable market inputs for similar assets or liabilities in active markets.
Fair Value of Derivatives Designated as Hedging Instruments |  | Balance Sheet Location |  | February 29, 2024 |  |  | May 31, 2023 |
Interest rate swap – current |  | Other current assets |  | $ | 2,091 |  |  | $ | 2,087 |
Interest rate swap – non-current |  | Other non-current liabilities |  |  | (1,163 | ) |  |  | (4,770 | )
Summary of Pre-tax Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) | The following table summarizes the other comprehensive income before reclassifications of derivative gains and losses:
|  | Other Comprehensive Income Before Reclassifications During |
|  | Three Months Ended |  | Nine Months Ended |
Derivatives Designated as Hedging Instruments |  | February 29, 2024 |  |  | February 28, 2023 |  | February 29, 2024 |  |  | February 28, 2023 |
Interest rate swaps |  | $ | 731 |  |  | $ | 3,083 |  | $ | 4,439 |  |  | $ | 655 |
The following table summarizes the reclassification of derivative gains and losses into net (loss) income from accumulated other comprehensive income (loss):
|  |  |  | Gain Reclassified During |
|  |  |  | Three Months Ended |  |  | Nine Months Ended |
Derivatives Designated as Hedging Instruments |  | Location of Gain Reclassified |  | February 29, 2024 |  |  | February 28, 2023 |  |  | February 29, 2024 |  |  | February 28, 2023 |
Interest rate swaps |  | Interest expense |  | $ | 592 |  |  | $ | 105 |  |  | $ | 1,695 |  |  | $ | 105 |

X
- Definition Schedule of gain loss from derivatives not designated as hedging instruments statements of financial performance and location. + References No definition available. + Details
Name: | neog_ScheduleOfGainLossFromDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndLocationTableTextBlock
Namespace Prefix: | neog_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4CC + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration