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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2018
May 31, 2017
Current Assets    
Cash and cash equivalents $ 74,096 $ 47,544
Marketable securities, at fair value 1,317 1,215
Accounts receivable, net of allowances of $2,466 and $2,945, respectively 39,401 44,523
Inventories 48,916 54,506
Prepaid expenses and other 4,302 6,126
Total current assets 168,032 153,914
Property, plant and equipment, net 42,461 45,234
Other assets 3,417 1,886
Intangible assets, net 130,310 145,675
Goodwill 361,252 361,252
Total Assets 705,472 707,961
Current Liabilities    
Accounts payable 15,775 18,087
Accrued liabilities 34,426 38,804
Current portion of long-term debt 5,000 5,000
Current portion of contingent consideration 2,100 9,625
Total current liabilities 57,301 71,516
Long-term debt, net of current portion 86,621 91,320
Deferred income taxes 17,173 26,112
Contingent consideration, net of current portion 1,161 3,136
Other long-term liabilities 621 850
Total Liabilities 162,877 192,934
Commitments and Contingencies (Note 15)
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, 75,000,000 shares authorized; 37,594,493 and 37,210,091 shares issued and 37,224,493 and 36,840,091 shares outstanding at May 31, 2018 and 2017, respectively 370 367
Additional paid-in capital 543,762 532,705
Retained earnings (accumulated deficit) 5,129 (11,007)
Treasury stock, 370,000 shares, at cost at May 31, 2018 and 2017, respectively (5,714) (5,714)
Accumulated other comprehensive loss (952) (1,324)
Total Stockholders' Equity 542,595 515,027
Total Liabilities and Stockholders' Equity $ 705,472 $ 707,961