2013 Q1 Form 10-Q Financial Statement

#000119312513132319 Filed on March 28, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q2 2012 Q1
Revenue $51.06M $48.55M $44.91M
YoY Change 13.68% 11.36% 6.34%
Cost Of Revenue $23.74M $24.60M $22.02M
YoY Change 7.82% 13.89% 1.94%
Gross Profit $27.31M $23.90M $22.89M
YoY Change 19.31% 8.88% 11.19%
Gross Profit Margin 53.5% 49.23% 50.97%
Selling, General & Admin $15.67M $13.50M $13.59M
YoY Change 15.28% 14.41% 27.0%
% of Gross Profit 57.35% 56.49% 59.36%
Research & Development $1.982M $1.700M $1.754M
YoY Change 13.0% 6.25% -2.56%
% of Gross Profit 7.26% 7.11% 7.66%
Depreciation & Amortization $1.980M $1.680M $1.580M
YoY Change 25.32% 20.86% 16.18%
% of Gross Profit 7.25% 7.03% 6.9%
Operating Expenses $17.65M $15.20M $15.34M
YoY Change 15.02% 13.43% 21.77%
Operating Profit $9.666M $8.699M $7.549M
YoY Change 28.04% 1.75% -5.5%
Interest Expense $0.00 $0.00 $0.00
YoY Change
% of Operating Profit 0.0% 0.0% 0.0%
Other Income/Expense, Net $394.0K -$300.0K $571.0K
YoY Change -31.0% -400.0% -385.5%
Pretax Income $10.06M $8.400M $8.120M
YoY Change 23.89% -3.45% 4.1%
Income Tax $3.450M $2.400M $2.900M
% Of Pretax Income 34.29% 28.57% 35.71%
Net Earnings $6.652M $6.028M $5.244M
YoY Change 26.85% 1.11% 6.09%
Net Earnings / Revenue 13.03% 12.42% 11.68%
Basic Earnings Per Share $0.19 $0.26 $0.22
Diluted Earnings Per Share $0.19 $0.25 $0.22
COMMON SHARES
Basic Shares Outstanding 35.84M shares 23.64M shares 23.54M shares
Diluted Shares Outstanding 36.60M shares 23.99M shares

Balance Sheet

Concept 2013 Q1 2012 Q2 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.60M $68.60M $61.30M
YoY Change 21.7% 22.28% 28.78%
Cash & Equivalents $48.86M $49.05M $42.70M
Short-Term Investments $25.70M $19.60M $18.60M
Other Short-Term Assets $5.700M $4.600M $4.200M
YoY Change 35.71% -19.3% -2.33%
Inventory $41.08M $34.99M $36.30M
Prepaid Expenses
Receivables $38.69M $35.65M $34.30M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $160.1M $143.9M $136.2M
YoY Change 17.53% 17.5% 20.85%
LONG-TERM ASSETS
Property, Plant & Equipment $33.41M $29.93M $29.50M
YoY Change 13.27% 33.99% 39.15%
Goodwill $61.73M $53.05M
YoY Change 2.85%
Intangibles $10.83M
YoY Change
Long-Term Investments
YoY Change
Other Assets $87.54M $77.73M
YoY Change 3.88%
Total Long-Term Assets $121.0M $107.7M $104.1M
YoY Change 16.14% 10.81% 7.92%
TOTAL ASSETS
Total Short-Term Assets $160.1M $143.9M $136.2M
Total Long-Term Assets $121.0M $107.7M $104.1M
Total Assets $281.0M $251.6M $240.3M
YoY Change 16.92% 14.54% 14.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.948M $10.76M $7.700M
YoY Change 29.19% 26.35% 5.48%
Accrued Expenses $8.800M $8.400M $7.100M
YoY Change 23.94% -9.68% -8.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $22.57M $19.98M $17.40M
YoY Change 29.71% 12.26% -13.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.000M $2.600M $4.600M
YoY Change -56.52% -42.22% -4.17%
Total Long-Term Liabilities $12.76M $12.57M $4.600M
YoY Change 177.35% 179.27% -4.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.57M $19.98M $17.40M
Total Long-Term Liabilities $12.76M $12.57M $4.600M
Total Liabilities $35.33M $32.55M $30.70M
YoY Change 15.07% 6.07% -1.29%
SHAREHOLDERS EQUITY
Retained Earnings $146.9M $126.7M
YoY Change 21.75%
Common Stock $3.827M $3.779M
YoY Change 1.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $245.6M $218.8M $209.7M
YoY Change
Total Liabilities & Shareholders Equity $281.0M $251.6M $240.3M
YoY Change 16.95% 14.54% 14.87%

Cashflow Statement

Concept 2013 Q1 2012 Q2 2012 Q1
OPERATING ACTIVITIES
Net Income $6.652M $6.028M $5.244M
YoY Change 26.85% 1.11% 6.09%
Depreciation, Depletion And Amortization $1.980M $1.680M $1.580M
YoY Change 25.32% 20.86% 16.18%
Cash From Operating Activities $8.560M $9.040M $7.070M
YoY Change 21.07% 85.25% 60.68%
INVESTING ACTIVITIES
Capital Expenditures -$3.600M -$1.590M -$1.920M
YoY Change 87.5% -35.1% -0.52%
Acquisitions
YoY Change
Other Investing Activities $430.0K -$4.160M $0.00
YoY Change 48.57% -100.0%
Cash From Investing Activities -$3.170M -$5.760M -$1.920M
YoY Change 65.1% 9.92% -7.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.390M 3.170M 690.0K
YoY Change 246.38% -45.53% -9.21%
NET CHANGE
Cash From Operating Activities 8.560M 9.040M 7.070M
Cash From Investing Activities -3.170M -5.760M -1.920M
Cash From Financing Activities 2.390M 3.170M 690.0K
Net Change In Cash 7.780M 6.450M 5.840M
YoY Change 33.22% 18.13% 89.0%
FREE CASH FLOW
Cash From Operating Activities $8.560M $9.040M $7.070M
Capital Expenditures -$3.600M -$1.590M -$1.920M
Free Cash Flow $12.16M $10.63M $8.990M
YoY Change 35.26% 45.02% 42.02%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2008Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
750000 shares
CY2012Q1 us-gaap Assets
Assets
240347000
CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
42698000
CY2013Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4401000
CY2013Q1 us-gaap Goodwill
Goodwill
61726000
CY2013Q1 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
1328000
CY2013Q1 us-gaap Acquired Finite Lived Intangible Asset Amount
AcquiredFiniteLivedIntangibleAssetAmount
12253000
CY2013Q1 us-gaap Debt Instrument Basis Spread On Variable Rate
DebtInstrumentBasisSpreadOnVariableRate
0.0100 pure
CY2013Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
87540000
CY2013Q1 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.0120 pure
CY2013Q1 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
2037000
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
245577000
CY2013Q1 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
8201000
CY2013Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
12758000
CY2013Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6116000
CY2013Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
245698000
CY2013Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000 shares
CY2013Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3819000
CY2013Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2686000
CY2013Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
23921841 shares
CY2013Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
3823000
CY2013Q1 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
25705000
CY2013Q1 us-gaap Liabilities
Liabilities
35327000
CY2013Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
9948000
CY2013Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000 shares
CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
146853000
CY2013Q1 us-gaap Assets
Assets
281025000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.77
CY2013Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
12000000
CY2013Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
10721000
CY2013Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
38694000
CY2013Q1 us-gaap Inventory Net
InventoryNet
41082000
CY2013Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1.00
CY2013Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
281025000
CY2013Q1 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
5360000
CY2013Q1 us-gaap Minority Interest
MinorityInterest
121000
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48861000
CY2013Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
23921841 shares
CY2013Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1393000
CY2013Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
18140000
CY2013Q1 us-gaap Liabilities Current
LiabilitiesCurrent
22569000
CY2013Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
850000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1531000 shares
CY2013Q1 us-gaap Common Stock Value
CommonStockValue
3827000
CY2013Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.16
CY2013Q1 us-gaap Assets Current
AssetsCurrent
160071000
CY2013Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
19119000
CY2013Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2013Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2013Q1 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2013Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
33414000
CY2013Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
96290000
CY2013Q1 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
916000
CY2013Q1 neog Other Intangible Assets Accumulated Amortization
OtherIntangibleAssetsAccumulatedAmortization
4335000
CY2013Q1 neog Accumulated Amortization Of Acquired Intangible Assets
AccumulatedAmortizationOfAcquiredIntangibleAssets
8434000
CY2013Q1 neog Stock Repurchase Program Number Of Shares Repurchased
StockRepurchaseProgramNumberOfSharesRepurchased
74684 shares
CY2013Q1 neog Stock Repurchase Program Total Cost Of Repurchased Shares
StockRepurchaseProgramTotalCostOfRepurchasedShares
923000
CY2013Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
23921841 shares
CY2012Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3324000
CY2012Q2 us-gaap Goodwill
Goodwill
53052000
CY2012Q2 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
1328000
CY2012Q2 us-gaap Acquired Finite Lived Intangible Asset Amount
AcquiredFiniteLivedIntangibleAssetAmount
10826000
CY2012Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
77726000
CY2011Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35844000
CY2012Q2 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
2593000
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
218839000
CY2012Q2 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
8578000
CY2012Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
12567000
CY2012Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5654000
CY2012Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
219054000
CY2012Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000 shares
CY2012Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
809000
CY2012Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2756000
CY2012Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
23619761 shares
CY2012Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
2110000
CY2012Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
19600000
CY2012Q2 us-gaap Liabilities
Liabilities
32546000
CY2012Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
10760000
CY2012Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000 shares
CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
126695000
CY2012Q2 us-gaap Assets
Assets
251600000
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.34
CY2012Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
9974000
CY2012Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
35652000
CY2012Q2 us-gaap Inventory Net
InventoryNet
34992000
CY2012Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1.00
CY2012Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
251600000
CY2012Q2 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
5270000
CY2012Q2 us-gaap Minority Interest
MinorityInterest
215000
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
49045000
CY2012Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
23619761 shares
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1227000
CY2012Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
13997000
CY2012Q2 us-gaap Liabilities Current
LiabilitiesCurrent
19979000
CY2012Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
800000
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1543000 shares
CY2012Q2 us-gaap Common Stock Value
CommonStockValue
3779000
CY2012Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.16
CY2012Q2 us-gaap Assets Current
AssetsCurrent
143941000
CY2012Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
18885000
CY2012Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2012Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2012Q2 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2012Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
29933000
CY2012Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
89592000
CY2012Q2 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
916000
CY2012Q2 neog Other Intangible Assets Accumulated Amortization
OtherIntangibleAssetsAccumulatedAmortization
3578000
CY2012Q2 neog Accumulated Amortization Of Acquired Intangible Assets
AccumulatedAmortizationOfAcquiredIntangibleAssets
7111000
dei Trading Symbol
TradingSymbol
NEOG
dei Entity Registrant Name
EntityRegistrantName
NEOGEN CORP
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-02-28
dei Entity Central Index Key
EntityCentralIndexKey
0000711377
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--05-31
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.012 pure
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset
92000
us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
LIBOR plus 100 basis points
us-gaap Operating Income Loss
OperatingIncomeLoss
30470000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-94000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4612000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
13318000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
522000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate
0.05 pure
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
19992000
us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
1868000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-94000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5103000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24303000 shares
us-gaap Share Based Compensation
ShareBasedCompensation
2198000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
43.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.83
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
29.50
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
6802000
us-gaap Profit Loss
ProfitLoss
20064000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
302000 shares
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-87000
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2014-09-01
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
19719000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-26225000
us-gaap Investment Income Interest
InvestmentIncomeInterest
114000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
536000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
15.39
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-184000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14510000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1301000
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
504000 shares
us-gaap Sales Revenue Net
SalesRevenueNet
151522000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2607000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-166000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
30232000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
31014000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.85
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5901000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6393000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
16000 shares
us-gaap Operating Expenses
OperatingExpenses
50643000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
1868000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.392 pure
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23799000 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4851000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
70409000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
56160000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2197000
us-gaap Gross Profit
GrossProfit
81113000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
50055000
us-gaap Net Income Loss
NetIncomeLoss
20158000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
544000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1868000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
306000 shares
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10950000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-71000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
19898000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13235000
us-gaap Profit Loss
ProfitLoss
16448000
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-750000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-37000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3024000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
813000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
248000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
16106000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4489000
us-gaap Share Based Compensation
ShareBasedCompensation
1757000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.69
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-37000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6210000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.81
neog Increase Decrease In Accounts Payable Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities
2981000
neog Accrual For Environmental Loss Contingencies Undiscounted Estimated Period
AccrualForEnvironmentalLossContingenciesUndiscountedEstimatedPeriod
15 Y
neog Environmental Remediation Expense Period Of Remediation
EnvironmentalRemediationExpensePeriodOfRemediation
5 Y
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset
-180000
us-gaap Operating Income Loss
OperatingIncomeLoss
25042000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
10820000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10031000
us-gaap Investment Income Interest
InvestmentIncomeInterest
78000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
6854000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12846000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1564000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23999000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
571000 shares
us-gaap Sales Revenue Net
SalesRevenueNet
135501000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5695000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-379000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
25548000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
25662000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.70
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4976000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3706000
us-gaap Operating Expenses
OperatingExpenses
43484000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
1432000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23428000 shares
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4363000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
66975000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
54281000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1757000
us-gaap Gross Profit
GrossProfit
68526000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
55883000
us-gaap Net Income Loss
NetIncomeLoss
16485000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
506000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1432000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9100000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-56000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
16069000
neog Increase Decrease In Accounts Payable Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities
467000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.012 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.364 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.42
CY2013Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset
40000
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
9666000
CY2013Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-42000
CY2013Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
401000
CY2013Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6008000
CY2013Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-42000
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2013Q1 us-gaap Profit Loss
ProfitLoss
6610000
CY2013Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
33000
CY2013Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5132000
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24402000 shares
CY2013Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
508000 shares
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
51055000
CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-644000
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10060000
CY2013Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
10533000
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2013Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1982000
CY2013Q1 us-gaap Operating Expenses
OperatingExpenses
17647000
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23894000 shares
CY2013Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
23742000
CY2013Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
791000
CY2013Q1 us-gaap Gross Profit
GrossProfit
27313000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
6652000
CY2013Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
394000
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3450000
CY2013Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
5966000
CY2012Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset
-180000
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
7549000
CY2012Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-24000
CY2012Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
361000
CY2012Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5541000
CY2012Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-24000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2012Q1 us-gaap Profit Loss
ProfitLoss
5220000
CY2012Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
30000
CY2012Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4660000
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23988000 shares
CY2012Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
447000 shares
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
44912000
CY2012Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
297000
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
8120000
CY2012Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
8929000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2012Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1754000
CY2012Q1 us-gaap Operating Expenses
OperatingExpenses
15343000
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23541000 shares
CY2012Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
22020000
CY2012Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
685000
CY2012Q1 us-gaap Gross Profit
GrossProfit
22892000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
5244000
CY2012Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
571000
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2900000
CY2012Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
5517000

Files In Submission

Name View Source Status
0001193125-13-132319-index-headers.html Edgar Link pending
0001193125-13-132319-index.html Edgar Link pending
0001193125-13-132319.txt Edgar Link pending
0001193125-13-132319-xbrl.zip Edgar Link pending
d487017d10q.htm Edgar Link pending
d487017dex311.htm Edgar Link pending
d487017dex312.htm Edgar Link pending
d487017dex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
neog-20130228.xml Edgar Link completed
neog-20130228.xsd Edgar Link pending
neog-20130228_cal.xml Edgar Link unprocessable
neog-20130228_def.xml Edgar Link unprocessable
neog-20130228_lab.xml Edgar Link unprocessable
neog-20130228_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending