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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2023
May 31, 2023
Current assets    
Cash and cash equivalents $ 57,586 $ 44,620
Accounts receivable, net of allowances of $1,878 and $2,150 respectively 49,755 52,826
Inventories 59,972 55,325
Prepaid expenses and other 8,162 4,617
Current assets held for sale 0 6,154
Total current assets 175,475 163,542
Property, plant and equipment, net 43,356 44,384
Intangible assets, net 106,671 111,144
Goodwill 159,017 159,238
Other assets 9,430 10,676
Non-current assets held for sale 0 43,653
Total assets 493,949 532,637
Current liabilities    
Accounts payable 24,807 40,445
Accrued liabilities 26,079 26,617
Current portion of contingent consideration 4,729 14,761
Other current liabilities 1,837 2,002
Total current liabilities 57,452 83,825
Long-term debt 0 49,818
Deferred income taxes 1,279 12,813
Contingent consideration, net of current portion 4,438 4,535
Other long-term liabilities 2,976 3,350
Total liabilities 66,145 154,341
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; 40,586,641 and 39,981,422 shares issued and 40,216,641 and 39,611,422 shares outstanding at August 31, 2023 and May 31, 2023, respectively 383 382
Additional paid-in capital 603,759 599,206
Accumulated deficit (164,971) (210,855)
Treasury stock, 370,000 shares at August 31, 2023 and May 31, 2023, respectively (5,714) (5,714)
Accumulated other comprehensive income (5,653) (4,723)
Total Stockholders’ Equity 427,804 378,296
Total Liabilities and Stockholders' Equity $ 493,949 $ 532,637