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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2022
May 31, 2022
Current assets    
Cash and cash equivalents $ 29,857 $ 28,825
Accounts receivable, net of allowances of $2,110 and $1,939 respectively 52,852 52,304
Inventories 63,177 51,392
Prepaid expenses and other 12,944 10,824
Total current assets 158,830 143,345
Property, plant and equipment, net 45,957 45,005
Intangible assets, net 141,943 152,380
Goodwill 200,755 201,058
Other assets 10,722 10,963
Total assets 558,207 552,751
Current liabilities    
Accounts payable 34,688 28,047
Accrued liabilities 26,533 34,842
Current portion of contingent consideration 9,760 8,783
Other current liabilities 2,586 2,652
Total current liabilities 73,567 74,324
Long-term debt 49,796 25,000
Deferred income taxes 14,290 16,037
Contingent consideration, net of current portion 9,072 8,165
Other long-term liabilities 3,524 4,736
Total liabilities 150,249 128,262
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; 39,874,144 and 39,541,173 shares issued and 39,504,144 and 39,171,173 shares outstanding at November 30, 2022 and May 31, 2022, respectively 381 380
Additional paid-in capital 593,482 586,879
Accumulated deficit (179,903) (158,413)
Treasury stock, 370,000 shares at November 30, 2022 and May 31, 2022, respectively (5,714) (5,714)
Accumulated other comprehensive income (288) 1,357
Total Stockholders’ Equity 407,958 424,489
Total Liabilities and Stockholders' Equity $ 558,207 $ 552,751