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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2021
May 31, 2021
Current assets    
Cash and cash equivalents $ 34,291 $ 48,161
Accounts receivable, net of allowances of $1,850 and $1,919 respectively 38,205 35,405
Inventories 48,183 48,614
Prepaid expenses and other 11,506 8,699
Total current assets 132,185 140,879
Property, plant and equipment, net 43,090 37,073
Intangible assets, net 165,000 168,977
Goodwill 201,709 201,316
Other assets 12,119 13,193
Total assets 554,103 561,438
Current liabilities    
Accounts payable 24,191 19,630
Accrued liabilities 27,715 35,459
Other current liabilities 2,569 2,495
Total current liabilities 54,475 57,584
Long-term debt 25,000 20,000
Deferred income taxes 17,994 19,955
Contingent consideration 16,540 15,741
Other long-term liabilities 7,726 8,701
Total liabilities 121,735 121,981
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; 39,455,193 and 38,920,951 shares issued and 39,085,193 and 38,550,951 shares outstanding at November 30, 2021 and May 31, 2021, respectively 379 377
Additional paid-in capital 580,330 573,507
Accumulated deficit (147,189) (131,866)
Treasury stock, 370,000 shares at November 30, 2021 and May 31, 2021, respectively (5,714) (5,714)
Accumulated other comprehensive income 4,562 3,153
Total Stockholders’ Equity 432,368 439,457
Total Liabilities and Stockholders' Equity $ 554,103 $ 561,438