XML 43 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2015
May. 31, 2015
Current assets:    
Cash and cash equivalents $ 39,976 $ 33,211
Restricted cash 5,000  
Receivables, net of allowance of $3,475 and $2,775 210,140 212,934
Inventory 29,248 26,005
Deferred income taxes 3,983 5,926
Prepaid expenses and other current assets 12,909 10,620
Total current assets 301,256 288,696
Property, plant and equipment, net 118,962 97,926
Assets held for sale   5,207
Intangible assets, net of accumulated amortization of $17,961 and $15,957 97,736 20,268
Goodwill 262,194 107,773
Other assets, net 2,423 467
Deferred income taxes 2,097 3,496
Total assets 784,668 523,833
Current liabilities:    
Accounts payable 25,604 32,854
Other accrued liabilities 58,682 54,185
Income taxes payable 623 4,185
Total current liabilities 84,909 91,224
Deferred income taxes 8,668 15,631
Long-term debt 359,062 78,484
Other long-term liabilities 2,330 3,119
Total liabilities $ 454,969 $ 188,458
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; 21,653,985 and 20,909,402 shares issued $ 6,495 $ 6,273
Additional paid-in capital 117,196 115,642
Retained earnings 243,527 242,102
Accumulated other comprehensive loss (16,381) (13,538)
Treasury stock at cost, 546,977 and 546,977 shares (21,138) (21,138)
Total Team shareholders' equity 329,699 329,341
Non-controlling interest   6,034
Total equity 329,699 335,375
Total liabilities and equity $ 784,668 $ 523,833