$NEOG
NEOGEN CORP

2017 Q2 Form 10-K Financial Statement

#000119312517240208 Filed on July 28, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2017 2016 Q2
Revenue $98.85M $361.6M $90.08M
YoY Change 9.73% 12.55% 14.59%
Cost Of Revenue $51.80M $189.6M $48.20M
YoY Change 7.47% 12.73% 17.85%
Gross Profit $47.02M $168.9M $41.85M
YoY Change 12.34% 10.36% 11.02%
Gross Profit Margin 47.57% 46.72% 46.46%
Selling, General & Admin $25.70M $93.59M $24.00M
YoY Change 7.08% 7.84% 15.94%
% of Gross Profit 54.66% 55.41% 57.34%
Research & Development $2.300M $10.39M $2.200M
YoY Change 4.55% 5.01% -4.35%
% of Gross Profit 4.89% 6.15% 5.26%
Depreciation & Amortization $4.000M $14.69M $3.710M
YoY Change 7.82% 20.61% 32.5%
% of Gross Profit 8.51% 8.7% 8.86%
Operating Expenses $28.00M $104.0M $26.30M
YoY Change 6.46% 7.55% 13.85%
Operating Profit $19.02M $64.95M $15.55M
YoY Change 22.29% 15.18% 6.54%
Interest Expense $100.0K $838.0K $100.0K
YoY Change 0.0% 160.25% 0.0%
% of Operating Profit 0.53% 1.29% 0.64%
Other Income/Expense, Net -$200.0K $1.728M -$500.0K
YoY Change -60.0% -297.94% 25.0%
Pretax Income $18.90M $66.67M $15.20M
YoY Change 24.34% 20.1% 6.29%
Income Tax $6.500M $22.70M $5.400M
% Of Pretax Income 34.39% 34.05% 35.53%
Net Earnings $12.47M $43.79M $9.818M
YoY Change 27.05% 19.77% 4.09%
Net Earnings / Revenue 12.62% 12.11% 10.9%
Basic Earnings Per Share $0.25 $0.87 $0.27
Diluted Earnings Per Share $0.24 $0.86 $0.26
COMMON SHARES
Basic Shares Outstanding 38.21M shares 50.54M 37.57M shares
Diluted Shares Outstanding 51.17M

Balance Sheet

Concept 2017 Q2 2017 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $143.6M $143.6M $107.8M
YoY Change 33.21% 33.21% -5.6%
Cash & Equivalents $77.57M $77.60M $55.26M
Short-Term Investments $66.10M $66.10M $52.50M
Other Short-Term Assets $7.600M $7.600M $8.400M
YoY Change -9.52% -9.52% 35.48%
Inventory $73.14M $73.10M $64.37M
Prepaid Expenses
Receivables $68.58M $68.60M $67.65M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $293.0M $293.0M $248.2M
YoY Change 18.02% 18.05% 7.37%
LONG-TERM ASSETS
Property, Plant & Equipment $61.75M $61.70M $54.68M
YoY Change 12.92% 12.8% 22.96%
Goodwill $104.8M $88.51M
YoY Change 18.36% 26.22%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $173.7M $147.0M
YoY Change 18.14% 26.19%
Total Long-Term Assets $235.4M $235.4M $201.7M
YoY Change 16.72% 16.71% 25.3%
TOTAL ASSETS
Total Short-Term Assets $293.0M $293.0M $248.2M
Total Long-Term Assets $235.4M $235.4M $201.7M
Total Assets $528.4M $528.4M $449.9M
YoY Change 17.44% 17.45% 14.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.24M $16.20M $15.80M
YoY Change 2.81% 2.53% 15.4%
Accrued Expenses $18.80M $18.80M $12.80M
YoY Change 46.88% 46.88% 21.9%
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 $36.00M $36.00M $28.60M
YoY Change 25.89% 25.87% 12.34%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.602M $3.600M $2.423M
YoY Change 48.66% 50.0% 15.38%
Total Long-Term Liabilities $3.602M $3.600M $2.423M
YoY Change 48.66% 50.0% -84.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $36.00M $36.00M $28.60M
Total Long-Term Liabilities $3.602M $3.600M $2.423M
Total Liabilities $56.65M $56.80M $45.78M
YoY Change 23.75% 24.29% 11.07%
SHAREHOLDERS EQUITY
Retained Earnings $295.9M $252.1M
YoY Change 17.37% 16.96%
Common Stock $8.149M $6.011M
YoY Change 35.57% 1.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $471.6M $471.6M $404.2M
YoY Change
Total Liabilities & Shareholders Equity $528.4M $528.4M $449.9M
YoY Change 17.44% 17.45% 14.73%

Cashflow Statement

Concept 2017 Q2 2017 2016 Q2
OPERATING ACTIVITIES
Net Income $12.47M $43.79M $9.818M
YoY Change 27.05% 19.77% 4.09%
Depreciation, Depletion And Amortization $4.000M $14.69M $3.710M
YoY Change 7.82% 20.61% 32.5%
Cash From Operating Activities $15.08M $60.27M $7.320M
YoY Change 106.01% 70.6% -29.07%
INVESTING ACTIVITIES
Capital Expenditures -$1.580M -$14.58M -$3.070M
YoY Change -48.53% 2.53% 11.23%
Acquisitions $34.03M
YoY Change -19.91%
Other Investing Activities -$1.370M -$47.56M -$20.12M
YoY Change -93.19% 1.34% 484.88%
Cash From Investing Activities -$2.950M -$62.14M -$23.20M
YoY Change -87.28% 1.61% 274.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.550M 25.07M 4.280M
YoY Change 29.67% 63.77% -5.93%
NET CHANGE
Cash From Operating Activities 15.08M 60.27M 7.320M
Cash From Investing Activities -2.950M -62.14M -23.20M
Cash From Financing Activities 5.550M 25.07M 4.280M
Net Change In Cash 17.68M 23.21M -11.60M
YoY Change -252.41% -320.82% -233.79%
FREE CASH FLOW
Cash From Operating Activities $15.08M $60.27M $7.320M
Capital Expenditures -$1.580M -$14.58M -$3.070M
Free Cash Flow $16.66M $74.85M $10.39M
YoY Change 60.35% 51.06% -20.57%

Facts In Submission

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CY2017Q2 us-gaap Furniture And Fixtures Gross
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3333000
CY2017Q2 us-gaap Machinery And Equipment Gross
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CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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CY2017Q2 neog Share Based Compensation Arrangement By Share Based Payment Award Options Weighted Average Grant Date Fair Value
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CY2017Q2 neog Cash Held By Foreign Subsidiaries
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CY2017Q2 neog Deferred Tax Assets Accrued Liabilities And Other
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1126000
CY2017Q2 neog Deferred Tax Liabilities Property Plant And Equipment And Intangible Assets
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23177000
CY2017Q2 neog Deferred Tax Assets Receivables And Inventories
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2603000
CY2017Q2 dei Entity Common Stock Shares Outstanding
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38211873 shares
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16.69
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CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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37444000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
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36953000 shares
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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33.55
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.000 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.012 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
37000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
11.91
CY2015 us-gaap Stock Repurchased And Retired During Period Shares
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0 shares
CY2015 us-gaap Earnings Per Share Basic
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0.91
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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491000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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536000 shares
CY2015 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.362 pure
CY2015 us-gaap Sales Revenue Net
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CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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6554000
CY2015 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
1067000
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
2475000
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
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13176000
CY2015 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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724000
CY2015 us-gaap Sales Revenue Goods Net
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243909000
CY2015 us-gaap Sales Revenue Services Net
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39165000
CY2015 us-gaap Payments To Acquire Marketable Securities
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105944000
CY2015 us-gaap Payments To Acquire Productive Assets
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9619000
CY2015 us-gaap Operating Income Loss
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53118000
CY2015 us-gaap Net Income Loss
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33526000
CY2015 us-gaap Increase Decrease In Inventories
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-319000
CY2015 us-gaap Increase Decrease In Accounts Receivable
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7252000
CY2015 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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30763000
CY2015 us-gaap Comprehensive Income Net Of Tax
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30713000
CY2015 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
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-297000
CY2015 us-gaap Royalty Income Nonoperating
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150000
CY2015 us-gaap Profit Loss
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33576000
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-2813000
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
228000
CY2015 us-gaap Income Taxes Paid Net
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10454000
CY2015 us-gaap Gross Profit
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139685000
CY2015 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
92000
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OtherNonoperatingIncomeExpense
-1123000
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-2813000
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NonoperatingIncomeExpense
-1042000
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-3264000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
52076000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
52076000
CY2015 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
2475000
CY2015 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
329000
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
496000
CY2015 us-gaap Depreciation
Depreciation
6318000
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10649000
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-984000
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18500000
CY2015 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
353000
CY2015 us-gaap Increase Decrease In Accounts Payable
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412000
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-28455000
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
4450000
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
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4450000
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
15269000
CY2015 us-gaap Current Foreign Tax Expense Benefit
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1364000
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1051000
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2475000
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
18227000
CY2015 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
93662000
CY2015 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
51757000
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
25233000
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
50000
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
11033000
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
736000
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
337000
CY2015 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9577000
CY2015 us-gaap Royalty Expense
RoyaltyExpense
2189000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
10690000
CY2015 us-gaap Advertising Revenue Cost
AdvertisingRevenueCost
1371000
CY2015 us-gaap Amortization Of Intangible Assets
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4331000
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
25386000
CY2015 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
50000
CY2015 us-gaap Cost Of Goods Sold
CostOfGoodsSold
120377000
CY2015 us-gaap Cost Of Revenue
CostOfRevenue
143389000
CY2015 us-gaap Cost Of Services
CostOfServices
23012000
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-949000
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
854000
CY2015 us-gaap Operating Expenses
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86567000
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8558000
CY2015 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
8648000
CY2015 neog Income Tax Reconciliation Subpart F Income
IncomeTaxReconciliationSubpartFIncome
1396000
CY2015 neog Percentage Of Customer Credits For Sales Returns Pricing And Other Disputes And Other Related Matters Against Net Revenue
PercentageOfCustomerCreditsForSalesReturnsPricingAndOtherDisputesAndOtherRelatedMattersAgainstNetRevenue
0.03 pure
CY2015 neog Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
1867000
CY2015 neog Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageGrantDateFairValue
5.17
CY2015 neog Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageGrantDateFairValue
9.45
CY2015 neog Income Tax Reconciliation Tax Credits And Other
IncomeTaxReconciliationTaxCreditsAndOther
-39000
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2017 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2017 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2017 dei Document Type
DocumentType
10-K
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.14
CY2017 dei Entity Central Index Key
EntityCentralIndexKey
0000711377
CY2017 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2017 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
LIBOR plus 100 basis points
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
60274000
CY2017 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: medium; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18px; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal"> <font style="FONT-FAMILY: &quot;Times New Roman&quot;" size="2">Reclassifications</font></p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: medium; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal"> <font style="FONT-FAMILY: &quot;Times New Roman&quot;" size="2">Certain amounts in the fiscal 2016 and 2015 financial statements have been reclassified to conform to the fiscal 2017 presentation.</font></p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: medium; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12px; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal"> <font style="FONT-FAMILY: &quot;Times New Roman&quot;" size="2">See the Company&#x2019;s discussion on Accounting Standards Update&#xA0;<font style="WHITE-SPACE: nowrap">2015-17,</font>&#xA0;Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes, below for information on reclassifications related to the adoption of this standard as of May&#xA0;31, 2017.</font></p> </div>
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y6M0D
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
30.42
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2017 dei Trading Symbol
TradingSymbol
NEOG
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38374000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37908000 shares
CY2017 dei Amendment Flag
AmendmentFlag
false
CY2017 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
16253000
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
42.72
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
54.24
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000 pure
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.012 pure
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
58000 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
15.86
CY2017 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2017 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--05-31
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.16
CY2017 dei Document Period End Date
DocumentPeriodEndDate
2017-05-31
CY2017 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2017 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
466000 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
621000 shares
CY2017 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
18715 shares
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
620000 shares
CY2017 us-gaap Use Of Estimates
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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px"><font style="FONT-FAMILY: Times New Roman" size="2">Use of Estimates</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px"><font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from these estimates. Significant estimates impacting the accompanying consolidated financial statements include the allowance for uncollectible accounts receivable, inventory valuation and intangible assets.</font></p> </div>
CY2017 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2019-09-30
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P3Y3M19D
CY2017 dei Entity Registrant Name
EntityRegistrantName
NEOGEN CORP
CY2017 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.352 pure
CY2017 us-gaap Sales Revenue Net
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361594000
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
34029000
CY2017 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2017 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
1057000
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
3922000
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
26719000
CY2017 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
925000
CY2017 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
306512000
CY2017 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
55082000
CY2017 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
162755000
CY2017 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
14578000
CY2017 us-gaap Operating Income Loss
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64945000
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43793000
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6970000
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-5035000
CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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40716000
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
40536000
CY2017 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
18000
CY2017 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
171000
CY2017 us-gaap Profit Loss
ProfitLoss
43973000
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3257000
CY2017 us-gaap Investment Income Interest
InvestmentIncomeInterest
838000
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13865000
CY2017 us-gaap Gross Profit
GrossProfit
171968000
CY2017 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
25000
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
701000
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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