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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2018
May 31, 2017
Current Assets    
Cash and cash equivalents $ 83,074 $ 77,567
Marketable securities 127,736 66,068
Accounts receivable, less allowance of $1,550 and $2,000 at May 31, 2018 and 2017, respectively 79,086 68,576
Inventories 76,005 73,144
Prepaid expenses and other current assets 9,888 7,606
Total Current Assets 375,789 292,961
Property and Equipment    
Land and improvements 4,730 3,094
Building and improvements 44,008 37,917
Machinery and equipment 74,911 64,867
Furniture and fixtures 3,568 3,333
Construction in progress 2,654 2,290
Property, Plant and Equipment, Gross, Total 129,871 111,501
Less accumulated depreciation 56,802 49,753
Net Property and Equipment 73,069 61,748
Other Assets    
Goodwill 99,558 104,759
Other non-amortizable intangible assets 14,938 14,323
Amortizable intangible assets, net of accumulated amortization 54,655 54,618
Total Other Assets 169,151 173,700
Total Assets 618,009 528,409
Current Liabilities    
Accounts payable 20,750 16,244
Accruals    
Accrued compensation 6,065 5,002
Income taxes 165 936
Other accruals 11,708 13,820
Total Current Liabilities 38,688 36,002
Deferred Income Taxes 14,103 17,048
Other Non-Current Liabilities 5,043 3,602
Total Liabilities 57,834 56,652
Commitments and Contingencies (note 7)
Equity    
Preferred stock, $1.00 par value - shares authorized 100,000; none issued and outstanding
Common stock, $0.16 par value - shares authorized 60,000,000; 51,735,732 and 50,932,489 shares issued and outstanding at May 31, 2018 and 2017, respectively 8,278 8,149
Additional paid-in capital 202,572 174,742
Accumulated other comprehensive loss (9,746) (7,203)
Retained earnings 359,071 295,926
Total Neogen Corporation and Subsidiaries Stockholders' Equity 560,175 471,614
Non-controlling interest   143
Total Equity 560,175 471,757
Total Liabilities and Equity 618,009 528,409
Customer-based intangibles    
Other Assets    
Amortizable intangible assets, net of accumulated amortization 31,841 35,983
Other Intangible Assets    
Other Assets    
Other non-amortizable intangible assets 1,224 1,224
Amortizable intangible assets, net of accumulated amortization $ 22,814 $ 18,635