XML 45 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Nov. 30, 2014
May 31, 2014
Current assets:    
Cash and cash equivalents $ 41,021us-gaap_CashAndCashEquivalentsAtCarryingValue $ 34,656us-gaap_CashAndCashEquivalentsAtCarryingValue
Receivables, net of allowance of $4,786 and $4,784 217,007us-gaap_AccountsReceivableNetCurrent 175,601us-gaap_AccountsReceivableNetCurrent
Inventory 26,712us-gaap_InventoryNet 25,537us-gaap_InventoryNet
Deferred income taxes 5,468us-gaap_DeferredTaxAssetsNetCurrent 4,717us-gaap_DeferredTaxAssetsNetCurrent
Prepaid expenses and other current assets 9,352us-gaap_PrepaidExpenseAndOtherAssetsCurrent 8,303us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 299,560us-gaap_AssetsCurrent 248,814us-gaap_AssetsCurrent
Property, plant and equipment, net 91,975us-gaap_PropertyPlantAndEquipmentNet 89,961us-gaap_PropertyPlantAndEquipmentNet
Assets held for sale 5,207us-gaap_DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentNoncurrent 5,207us-gaap_DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentNoncurrent
Intangible assets, net of accumulated amortization of $14,367 and $12,698 22,216us-gaap_FiniteLivedIntangibleAssetsNet 23,513us-gaap_FiniteLivedIntangibleAssetsNet
Goodwill 111,161us-gaap_Goodwill 113,763us-gaap_Goodwill
Other assets, net 586us-gaap_OtherAssetsNoncurrent 1,248us-gaap_OtherAssetsNoncurrent
Deferred income taxes 2,998us-gaap_DeferredTaxAssetsNetNoncurrent 2,435us-gaap_DeferredTaxAssetsNetNoncurrent
Total assets 533,703us-gaap_Assets 484,941us-gaap_Assets
Current liabilities:    
Accounts payable 29,118us-gaap_AccountsPayableCurrent 21,755us-gaap_AccountsPayableCurrent
Other accrued liabilities 51,842us-gaap_OtherAccruedLiabilitiesCurrent 48,391us-gaap_OtherAccruedLiabilitiesCurrent
Income taxes payable 8,320us-gaap_AccruedIncomeTaxesCurrent 4,997us-gaap_AccruedIncomeTaxesCurrent
Total current liabilities 89,280us-gaap_LiabilitiesCurrent 75,143us-gaap_LiabilitiesCurrent
Deferred income taxes 15,181us-gaap_DeferredTaxLiabilitiesNoncurrent 15,655us-gaap_DeferredTaxLiabilitiesNoncurrent
Long-term debt 85,281us-gaap_LongTermDebtNoncurrent 73,721us-gaap_LongTermDebtNoncurrent
Other long-term liabilities 3,507us-gaap_OtherLiabilitiesNoncurrent 3,377us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 193,249us-gaap_Liabilities 167,896us-gaap_Liabilities
Commitments and contingencies      
Equity:    
Preferred stock, 500,000 shares authorized, none issued      
Common stock, par value $0.30 per share, 60,000,000 shares authorized; 20,707,081 and 20,477,938 shares issued 6,211us-gaap_CommonStockValue 6,142us-gaap_CommonStockValue
Additional paid-in capital 109,322us-gaap_AdditionalPaidInCapital 105,872us-gaap_AdditionalPaidInCapital
Retained earnings 226,429us-gaap_RetainedEarningsAccumulatedDeficit 202,032us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (7,365)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (2,679)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total Team shareholders' equity 334,597us-gaap_StockholdersEquity 311,367us-gaap_StockholdersEquity
Non-controlling interest 5,857us-gaap_MinorityInterest 5,678us-gaap_MinorityInterest
Total equity 340,454us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 317,045us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity $ 533,703us-gaap_LiabilitiesAndStockholdersEquity $ 484,941us-gaap_LiabilitiesAndStockholdersEquity