Consolidated Balance Sheets - USD ($) $ in Thousands	May. 31, 2015	May. 31, 2014
CURRENT ASSETS
Cash and cash equivalents	$ 18,391	$ 16,105
Marketable securities, at fair value	1,689	1,809
Accounts receivable, net of allowances of $3,043 and $1,736, respectively	58,428	61,968
Inventories	67,388	61,234
Deferred income taxes, current	4,364	4,625
Prepaid income taxes	770	510
Prepaid expenses and other	4,783	5,471
Total current assets	155,813	151,722
Property, Plant and Equipment, net	54,560	66,590
Other Assets	5,288	4,447
Intangible Assets, net	181,806	205,256
Goodwill	361,252	360,473
Deferred Income Taxes, long term	14,904	10,403
Total Assets	773,623	798,891
Current Liabilities
Accounts payable	23,668	32,895
Accrued liabilities	18,331	17,251
Income taxes payable	439	689
Current portion of long-term debt	8,750	5,000
Current portion of contingent consideration	9,969	10,918
Total current liabilities	61,157	66,753
Long-term Debt, net of current portion	128,910	137,660
Deferred Income Taxes, long term	1,119	1,146
Contingent Consideration, net of current portion	37,415	56,413
Other Long Term Liabilities	0	84
Total Liabilities	$ 228,601	$ 262,056
Commitments and Contingencies (Note O)
Stockholders’ Equity
Preferred stock, par value $.01 per share, 5,000,000 shares authorized; no shares issued and outstanding	$ 0	$ 0
Common stock, par value $.01 per share, 75,000,000 and 45,000,000 shares authorized; 36,043,725 and 35,442,004 shares issued and outstanding at May 31, 2015 and 2014, respectively	360	353
Additional paid-in capital	520,101	508,354
Retained earnings	28,233	31,501
Treasury stock, 142,305 shares, at cost	(2,104)	(2,104)
Accumulated other comprehensive loss	(1,568)	(1,269)
Total Stockholders' Equity	545,022	536,835
Total Liabilities and Stockholders' Equity	$ 773,623	$ 798,891

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.