XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2021
May 31, 2020
Current assets    
Cash and cash equivalents $ 54,469 $ 54,435
Accounts receivable, net of allowances of $1,820 and $2,150 respectively 33,171 31,263
Inventories 49,006 59,905
Prepaid expenses and other 9,011 7,310
Total current assets 145,657 152,913
Property, plant and equipment, net 29,827 28,312
Other assets 19,443 15,338
Intangible assets, net 186,216 197,136
Goodwill 201,102 200,515
Total assets 582,245 594,214
Current liabilities    
Accounts payable 17,067 19,096
Accrued liabilities 30,760 29,380
Current portion of contingent consideration 0 836
Other current liabilities 2,429 2,133
Total current liabilities 50,256 51,445
Long-term debt, net of current portion 30,000 40,000
Deferred income taxes 22,371 24,057
Contingent consideration, net of current portion 15,362 14,811
Other long-term liabilities 9,320 9,029
Total liabilities 127,309 139,342
Commitments and contingencies (Note 14)
Stockholders' equity    
Preferred stock, par value $0.01 per share, 5,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, par value $0.01 per share, 75,000,000 shares authorized; 38,877,367 and 38,448,536 shares issued and 38,507,367 and 38,078,536 shares outstanding at February 28, 2021 and May 31, 2020, respectively 377 374
Additional paid-in capital 570,725 561,871
Accumulated deficit (112,398) (100,318)
Treasury stock, 370,000 shares at February 28, 2021 and May 31, 2020, respectively (5,714) (5,714)
Accumulated other comprehensive income (loss) 1,946 (1,341)
Total Stockholders’ Equity 454,936 454,872
Total Liabilities and Stockholders' Equity $ 582,245 $ 594,214