Note 3 - Consolidated Variable Interest Entity (Tables)

6 Months Ended

Nov. 30, 2016

Schedule of Variable Interest Entities [Table Text Block]

As of November 30, 2016
ASSETS			LIABILITIES
Current assets:			Current liabilities:
Cash and cash equivalents	$	8	Accounts payable	$	436
Total current assets		8	Accrued expenses and other current liabilities		15
			Total current liabilities		451

Noncurrent assets:			Noncurrent liabilities:
Property and equipment, net		661	Deferred income tax		4,581
Goodwill		105
Other intangible assets, net		18,817	Obligation to Immucor for contingent consideration liabilities		7,819
Total noncurrent assets		19,583	Total noncurrent liabilities		12,400

Total Assets	$	19,591	Total Liabilities	$	12,851

As of May 31, 2016
ASSETS			LIABILITIES
Current assets:			Current liabilities:
Cash and cash equivalents	$	36	Accounts payable	$	744
Total current assets		36	Accrued expenses and other current liabilities		4
			Total current liabilities		748

Noncurrent assets:			Noncurrent liabilities:
Property and equipment, net		644	Deferred income tax		6,207
Goodwill		105
Other intangible assets, net		18,820	Obligation to Immucor for contingent consideration liabilities		7,433

Total noncurrent assets		19,569	Total noncurrent liabilities		13,640

Total Assets	$	19,605	Total Liabilities	$	14,388

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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