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Consolidated Condensed Balance Sheets (USD $)
In Thousands, unless otherwise specified
Nov. 30, 2012
May 31, 2012
Current assets:    
Cash and cash equivalents $ 34,485 $ 22,477
Receivables, net of allowance of $5,038 and $4,405 181,370 157,625
Inventory 26,574 24,986
Deferred income taxes 4,773 5,157
Prepaid expenses and other current assets 8,137 8,430
Total current assets 255,339 218,675
Property, plant and equipment, net 71,244 62,041
Assets held for sale 5,830 5,830
Intangible assets, net of accumulated amortization of $7,445 and $5,658 28,446 18,508
Goodwill 103,555 95,002
Other assets, net 3,942 3,081
Deferred income taxes 374 651
Total assets 468,730 403,788
Current liabilities:    
Accounts payable 19,464 18,427
Other accrued liabilities 45,683 38,492
Income taxes payable 2,370 4,737
Total current liabilities 67,517 61,656
Deferred income taxes 13,017 11,259
Long-term debt 105,520 85,872
Other long-term liabilities 6,745  
Total liabilities 192,799 158,787
Commitments and contingencies      
Equity:    
Preferred stock, 500,000 shares authorized, none issued      
Common stock, par value $0.30 per share, 30,000,000 shares authorized; 20,331,315 and 19,954,996 shares issued 6,100 5,985
Additional paid-in capital 91,678 85,801
Retained earnings 173,546 152,049
Accumulated other comprehensive income (loss) 651 (2,587)
Treasury stock at cost, 89,569 and 89,569 shares (1,344) (1,344)
Total Team shareholders' equity 270,631 239,904
Non-controlling interest 5,300 5,097
Total equity 275,931 245,001
Total liabilities and equity $ 468,730 $ 403,788