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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
May 31, 2014
May 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 16,105 $ 21,802
Marketable securities, at fair value 1,809 2,153
Accounts receivable, net of allowances of $1,736 and $1,272, respectively 62,148 47,791
Inventories 61,056 55,062
Deferred income taxes 4,625 6,591
Prepaid income taxes 510 563
Prepaid expenses and other 5,975 7,554
Total current assets 152,228 141,516
PROPERTY, PLANT AND EQUIPMENT, net 67,208 62,650
OTHER ASSETS 4,876 5,559
INTANGIBLE ASSETS, net 205,256 214,848
GOODWILL 360,294 355,458
DEFERRED INCOME TAXES, long term 9,767 11,007
PREPAID ROYALTIES 521 546
TOTAL ASSETS 800,150 791,584
CURRENT LIABILITIES    
Accounts payable 32,895 24,522
Accrued liabilities 16,762 16,426
Income taxes payable 689 0
Current portion of long-term debt 5,000 7,500
Current portion of contingent consideration 16,341 9,207
Other current liabilities 599 5,782
Total current liabilities 72,286 63,437
LONG-TERM DEBT, revolving credit facility 46,410 0
LONG-TERM DEBT, term loan, net of current portion 91,250 135,000
DEFERRED INCOME TAXES, long term 1,146 0
Contingent consideration, net of current portion 51,080 65,842
Other long term liabilities 84 475
Total liabilities 262,256 264,754
COMMITMENTS AND CONTINGENCIES (NOTE N)      
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $.01 per share, 5,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, par value $.01 per share, 45,000,000 shares authorized; issued and outstanding 35,442,004 and 35,060,351 shares, respectively 353 351
Additional paid-in capital 508,263 500,554
Retained earnings 32,651 29,563
Treasury stock, 142,305 shares, at cost (2,104) (2,104)
Accumulated other comprehensive loss (1,269) (1,534)
Total stockholders’ equity 537,894 526,830
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 800,150 $ 791,584