$NEOG
NEOGEN CORP

2018 Q2 Form 10-K Financial Statement

#000119312518229573 Filed on July 27, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2018 2017 Q2
Revenue $108.1M $397.9M $98.85M
YoY Change 9.38% 10.05% 9.73%
Cost Of Revenue $59.60M $211.7M $51.80M
YoY Change 15.06% 11.62% 7.47%
Gross Profit $48.50M $186.3M $47.02M
YoY Change 3.15% 10.27% 12.34%
Gross Profit Margin 44.86% 46.81% 47.57%
Selling, General & Admin $26.70M $105.2M $25.70M
YoY Change 3.89% 12.42% 7.08%
% of Gross Profit 55.05% 56.49% 54.66%
Research & Development $2.000M $10.86M $2.300M
YoY Change -13.04% 4.53% 4.55%
% of Gross Profit 4.12% 5.83% 4.89%
Depreciation & Amortization $4.380M $17.06M $4.000M
YoY Change 9.5% 16.11% 7.82%
% of Gross Profit 9.03% 9.16% 8.51%
Operating Expenses $28.70M $116.1M $28.00M
YoY Change 2.5% 11.64% 6.46%
Operating Profit $19.80M $70.19M $19.02M
YoY Change 4.1% 8.08% 22.29%
Interest Expense -$100.0K $2.043M $100.0K
YoY Change -200.0% 143.79% 0.0%
% of Operating Profit -0.51% 2.91% 0.53%
Other Income/Expense, Net -$200.0K $3.271M -$200.0K
YoY Change 0.0% 89.29% -60.0%
Pretax Income $19.90M $73.47M $18.90M
YoY Change 5.29% 10.19% 24.34%
Income Tax $2.400M $10.25M $6.500M
% Of Pretax Income 12.06% 13.95% 34.39%
Net Earnings $17.55M $63.15M $12.47M
YoY Change 40.65% 44.19% 27.05%
Net Earnings / Revenue 16.23% 15.87% 12.62%
Basic Earnings Per Share $0.34 $1.23 $0.25
Diluted Earnings Per Share $0.33 $1.21 $0.24
COMMON SHARES
Basic Shares Outstanding 51.76M shares 51.36M 38.21M shares
Diluted Shares Outstanding 52.15M

Balance Sheet

Concept 2018 Q2 2018 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $210.8M $210.8M $143.6M
YoY Change 46.8% 46.8% 33.21%
Cash & Equivalents $83.07M $83.10M $77.57M
Short-Term Investments $127.7M $127.7M $66.10M
Other Short-Term Assets $9.900M $9.900M $7.600M
YoY Change 30.26% 30.26% -9.52%
Inventory $76.01M $76.00M $73.14M
Prepaid Expenses
Receivables $79.09M $79.10M $68.58M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $375.8M $375.8M $293.0M
YoY Change 28.27% 28.26% 18.02%
LONG-TERM ASSETS
Property, Plant & Equipment $73.07M $73.10M $61.75M
YoY Change 18.33% 18.48% 12.92%
Goodwill $99.56M $104.8M
YoY Change -4.96% 18.36%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $169.2M $173.7M
YoY Change -2.62% 18.14%
Total Long-Term Assets $242.2M $242.2M $235.4M
YoY Change 2.88% 2.89% 16.72%
TOTAL ASSETS
Total Short-Term Assets $375.8M $375.8M $293.0M
Total Long-Term Assets $242.2M $242.2M $235.4M
Total Assets $618.0M $618.0M $528.4M
YoY Change 16.96% 16.96% 17.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.75M $20.80M $16.24M
YoY Change 27.74% 28.4% 2.81%
Accrued Expenses $17.80M $17.80M $18.80M
YoY Change -5.32% -5.32% 46.88%
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 $38.69M $38.70M $36.00M
YoY Change 7.46% 7.5% 25.89%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.043M $5.000M $3.602M
YoY Change 40.01% 38.89% 48.66%
Total Long-Term Liabilities $5.043M $5.000M $3.602M
YoY Change 40.01% 38.89% 48.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.69M $38.70M $36.00M
Total Long-Term Liabilities $5.043M $5.000M $3.602M
Total Liabilities $57.83M $57.80M $56.65M
YoY Change 2.09% 1.76% 23.75%
SHAREHOLDERS EQUITY
Retained Earnings $359.1M $295.9M
YoY Change 21.34% 17.37%
Common Stock $8.278M $8.149M
YoY Change 1.58% 35.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $560.2M $560.2M $471.6M
YoY Change
Total Liabilities & Shareholders Equity $618.0M $618.0M $528.4M
YoY Change 16.96% 16.96% 17.44%

Cashflow Statement

Concept 2018 Q2 2018 2017 Q2
OPERATING ACTIVITIES
Net Income $17.55M $63.15M $12.47M
YoY Change 40.65% 44.19% 27.05%
Depreciation, Depletion And Amortization $4.380M $17.06M $4.000M
YoY Change 9.5% 16.11% 7.82%
Cash From Operating Activities $22.55M $69.13M $15.08M
YoY Change 49.54% 14.69% 106.01%
INVESTING ACTIVITIES
Capital Expenditures -$4.650M -$20.95M -$1.580M
YoY Change 194.3% 43.69% -48.53%
Acquisitions $468.0K
YoY Change -98.62%
Other Investing Activities -$17.65M -$62.14M -$1.370M
YoY Change 1188.32% 30.66% -93.19%
Cash From Investing Activities -$22.29M -$83.08M -$2.950M
YoY Change 655.59% 33.71% -87.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.920M 22.84M 5.550M
YoY Change -29.37% -8.9% 29.67%
NET CHANGE
Cash From Operating Activities 22.55M 69.13M 15.08M
Cash From Investing Activities -22.29M -83.08M -2.950M
Cash From Financing Activities 3.920M 22.84M 5.550M
Net Change In Cash 4.180M 8.887M 17.68M
YoY Change -76.36% -61.71% -252.41%
FREE CASH FLOW
Cash From Operating Activities $22.55M $69.13M $15.08M
Capital Expenditures -$4.650M -$20.95M -$1.580M
Free Cash Flow $27.20M $90.08M $16.66M
YoY Change 63.27% 20.34% 60.35%

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CY2018Q2 us-gaap Preferred Stock Shares Authorized
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CY2018Q2 us-gaap Preferred Stock Value
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CY2018Q2 us-gaap Preferred Stock Shares Issued
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CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1913000 shares
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CY2018Q2 us-gaap Property Plant And Equipment Gross
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129871000
CY2018Q2 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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22572000
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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82649000
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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508000 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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31.23
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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2499000 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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42.63
CY2018Q2 us-gaap Stockholders Equity
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CY2018Q2 neog Cash Held By Foreign Subsidiaries
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CY2018Q2 neog Deferred Tax Assets Receivables And Inventories
DeferredTaxAssetsReceivablesAndInventories
1593000
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17503000
CY2018Q2 neog Cumulative Stock Repurchased And Retired Shares
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149368 shares
CY2018Q2 neog Share Based Compensation Arrangement By Share Based Payment Award Options Weighted Average Grant Date Fair Value
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11.44
CY2018Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
51756964 shares
CY2017Q4 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
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1.33 pure
CY2016Q4 us-gaap Debt Instrument Maturity Date
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2017-09-01
CY2017Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
CY2017 us-gaap Amortization Of Intangible Assets
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5908000
CY2017 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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25000
CY2017 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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3922000
CY2017 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
170000
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
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22310000
CY2017 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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180000
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
40536000
CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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40716000
CY2017 us-gaap Current Federal Tax Expense Benefit
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20259000
CY2017 us-gaap Current Foreign Tax Expense Benefit
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2514000
CY2017 us-gaap Cost Of Goods And Services Sold
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189626000
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-292000
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1259000
CY2017 us-gaap Depreciation
Depreciation
8783000
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14691000
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
3922000
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
3922000
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-898000
CY2017 us-gaap Earnings Per Share Basic
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0.87
CY2017 us-gaap Gross Profit
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171968000
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13865000
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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23336000
CY2017 us-gaap Goodwill Acquired During Period
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19051000
CY2017 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P11Y
CY2017 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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-2798000
CY2017 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
1057000
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-1247000
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
972000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
66673000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
66673000
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22700000
CY2017 us-gaap General And Administrative Expense
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34214000
CY2017 us-gaap Increase Decrease In Accounts Payable
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-1691000
CY2017 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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3377000
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-812000
CY2017 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
838000
CY2017 us-gaap Increase Decrease In Accounts Receivable
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-5035000
CY2017 us-gaap Increase Decrease In Inventories
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6970000
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
621000 shares
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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-62136000
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3257000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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25070000
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1728000
CY2017 us-gaap Operating Expenses
OperatingExpenses
107023000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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60274000
CY2017 us-gaap Net Income Loss
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43793000
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
180000
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3257000
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
719000
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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34029000
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
64945000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
729000
CY2017 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
149226000
CY2017 us-gaap Profit Loss
ProfitLoss
43973000
CY2017 us-gaap Proceeds From Stock Options Exercised
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21148000
CY2017 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
162755000
CY2017 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
14578000
CY2017 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
171000
CY2017 us-gaap Selling And Marketing Expense
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62424000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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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
77000 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
11.89
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
361594000
CY2017 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
361594000
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
645000
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10385000
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
32.04
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
40.68
CY2017 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
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 Royalty Expense
RoyaltyExpense
2659000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
5261000
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
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5261000
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
22.82
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
18067000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
828000 shares
CY2017 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
24953 shares
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
827000 shares
CY2017 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
925000
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
26720000
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51165000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50544000 shares
CY2017 neog Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
-73000
CY2017 neog Income Tax Reconciliation Subpart F Income
IncomeTaxReconciliationSubpartFIncome
996000
CY2017 neog Adjustment To Additional Paid In Capital Purchase Of Minority Interest
AdjustmentToAdditionalPaidInCapitalPurchaseOfMinorityInterest
-764000
CY2017 neog Income Tax Reconciliation Tax Credits And Other
IncomeTaxReconciliationTaxCreditsAndOther
300000
CY2017 neog Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageGrantDateFairValue
9.17
CY2017 neog Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageGrantDateFairValue
6.77
CY2017 neog Percentage Of Customer Credits For Sales Returns Pricing And Other Disputes And Other Related Matters Against Net Revenue
PercentageOfCustomerCreditsForSalesReturnsPricingAndOtherDisputesAndOtherRelatedMattersAgainstNetRevenue
0.03 pure
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6743000
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
40000
CY2018 dei Amendment Flag
AmendmentFlag
false
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
642000
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
5507000
CY2018 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
70000
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
60602000
CY2018 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
60672000
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
10129000
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3066000
CY2018 us-gaap Debt Instrument Maturity Date
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2019-09-30
CY2018 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
212000000
CY2018 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--05-31
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2996000
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1325000
CY2018 us-gaap Depreciation
Depreciation
10315000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17058000
CY2018 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2018 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2018 dei Document Type
DocumentType
10-K
CY2018 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y6M
CY2018 dei Entity Registrant Name
EntityRegistrantName
NEOGEN CORP
CY2018 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.21
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11800000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
21459000
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-3380000
CY2018 dei Entity Central Index Key
EntityCentralIndexKey
0000711377
CY2018 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2018 dei Document Period End Date
DocumentPeriodEndDate
2018-05-31
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.23
CY2018 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2018 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2018 us-gaap Gross Profit
GrossProfit
190252000
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
757000
CY2018 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P11Y
CY2018 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-5958000
CY2018 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
1167000
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-461000
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
975000
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
38294000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
73465000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
73465000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10250000
CY2018 us-gaap Increase Decrease In Accounts Payable
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4381000
CY2018 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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-2281000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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2275000
CY2018 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
2043000
CY2018 us-gaap Increase Decrease In Accounts Receivable
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10233000
CY2018 us-gaap Increase Decrease In Inventories
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2647000
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
791000 shares
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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-83082000
CY2018 us-gaap Line Of Credit Facility Interest Rate Description
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LIBOR plus 100 basis points
CY2018 us-gaap Line Of Credit Facility Maximum Amount Outstanding During Period
LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
0
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-2543000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
22838000
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3271000
CY2018 us-gaap Number Of Reportable Segments
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2 Segment
CY2018 us-gaap Operating Expenses
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120058000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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69131000
CY2018 us-gaap Net Income Loss
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63145000
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
70000
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-2543000
CY2018 us-gaap Other Nonoperating Income Expense
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1081000
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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468000
CY2018 us-gaap Operating Income Loss
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70194000
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
799000
CY2018 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
299751000
CY2018 us-gaap Profit Loss
ProfitLoss
63215000
CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 14px"><font style="FONT-FAMILY: Times New Roman" size="2">Reclassifications</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px"><font style="FONT-FAMILY: Times New Roman" size="2">Certain amounts in the fiscal 2017 and 2016 financial statements have been reclassified to conform to the fiscal 2018 presentation.</font></p> </div>
CY2018 us-gaap Proceeds From Stock Options Exercised
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23261000
CY2018 us-gaap Payments To Acquire Marketable Securities
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361419000
CY2018 us-gaap Payments To Acquire Productive Assets
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20946000
CY2018 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
147000
CY2018 us-gaap Selling And Marketing Expense
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70909000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000 pure
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.016 pure
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
208000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.47
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
402252000
CY2018 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
402252000
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
152000
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10855000
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
39.57
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
59.37
CY2018 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.277 pure
CY2018 us-gaap Royalty Expense
RoyaltyExpense
2876000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
4909000
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
4909000
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y6M
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
28.18
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
25844000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
829000 shares
CY2018 dei Trading Symbol
TradingSymbol
NEOG
CY2018 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
22127 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
821000 shares
CY2018 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1052000
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
27117000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52149000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51358000 shares
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<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>
CY2018 neog Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
-2945000
CY2018 neog Income Tax Reconciliation Subpart F Income
IncomeTaxReconciliationSubpartFIncome
816000
CY2018 neog Tax Cuts And Jobs Act Of2017 Change In Tax Rate Repatriation Of Foreign Earning
TaxCutsAndJobsActOf2017ChangeInTaxRateRepatriationOfForeignEarning
1223000
CY2018 neog Tax Cuts And Jobs Act Of2017 Change In Tax Rate Deferred Income Tax Expense Benefit
TaxCutsAndJobsActOf2017ChangeInTaxRateDeferredIncomeTaxExpenseBenefit
-6022000
CY2018 neog New Accounting Pronouncement Or Change In Accounting Principle Effect Of Change On Income Tax Expense Benefit
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnIncomeTaxExpenseBenefit
-4800000
CY2018 neog Adjustment To Additional Paid In Capital Purchase Of Minority Interest
AdjustmentToAdditionalPaidInCapitalPurchaseOfMinorityInterest
-423000
CY2018 neog Income Tax Reconciliation Tax Credits And Other
IncomeTaxReconciliationTaxCreditsAndOther
722000
CY2018 neog Income Tax Reconciliation Tax Reserves Releases
IncomeTaxReconciliationTaxReservesReleases
-1035000
CY2018 neog Remedial Action Objective Time Frame
RemedialActionObjectiveTimeFrame
P5Y
CY2018 neog Accrual For Environmental Loss Contingencies Undiscounted Estimated Period
AccrualForEnvironmentalLossContingenciesUndiscountedEstimatedPeriod
P15Y
CY2018 neog Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageGrantDateFairValue
11.12
CY2018 neog Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageGrantDateFairValue
8.20
CY2018 neog Percentage Of Customer Credits For Sales Returns Pricing And Other Disputes And Other Related Matters Against Net Revenue
PercentageOfCustomerCreditsForSalesReturnsPricingAndOtherDisputesAndOtherRelatedMattersAgainstNetRevenue
0.03 pure
CY2018 neog Purchase Of Minority Interests
PurchaseOfMinorityInterests
-423000
CY2018 neog Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Expense Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitExpenseAmount
4816000
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4730000
CY2016 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
90000
CY2016 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
2945000
CY2016 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
195000
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-10804000
CY2016 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-26000
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
35060000
CY2016 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
35034000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
14630000
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1756000
CY2016 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
168211000
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1906000
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1188000
CY2016 us-gaap Depreciation
Depreciation
7452000
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12181000
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2945000
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
2945000
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.72
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-294000
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2016 us-gaap Gross Profit
GrossProfit
153064000
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13413000
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
19429000
CY2016 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
1143000
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-699000
CY2016 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-777000
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
779000
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
29189000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
55513000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
55513000
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18975000
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
704000
CY2016 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
744000
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3836000
CY2016 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
322000
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6002000
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9427000
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
631000 shares
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-61149000
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1504000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15308000
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-873000
CY2016 us-gaap Operating Expenses
OperatingExpenses
96678000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35331000
CY2016 us-gaap Net Income Loss
NetIncomeLoss
36564000
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-26000
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1504000
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1412000
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
42491000
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
56386000
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
662000
CY2016 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
147189000
CY2016 us-gaap Profit Loss
ProfitLoss
36538000
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
12363000
CY2016 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
151625000
CY2016 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
14222000
CY2016 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
217000
CY2016 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
57599000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000 pure
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.012 pure
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
39000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.83
CY2016 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
321275000
CY2016 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
321275000
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
305000
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9890000
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
28.93
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
35.23
CY2016 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.333 pure
CY2016 us-gaap Royalty Expense
RoyaltyExpense
1969000
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
5468000
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
5468000
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
17.60
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
12980000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
732000 shares
CY2016 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
24369 shares
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
569000 shares
CY2016 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
786000
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
17377000
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50500000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49869000 shares
CY2016 neog Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
2589000
CY2016 neog Income Tax Reconciliation Subpart F Income
IncomeTaxReconciliationSubpartFIncome
1049000
CY2016 neog Income Tax Reconciliation Tax Credits And Other
IncomeTaxReconciliationTaxCreditsAndOther
-337000
CY2016 neog Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageGrantDateFairValue
8.36
CY2016 neog Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageGrantDateFairValue
5.36
CY2016 neog Percentage Of Customer Credits For Sales Returns Pricing And Other Disputes And Other Related Matters Against Net Revenue
PercentageOfCustomerCreditsForSalesReturnsPricingAndOtherDisputesAndOtherRelatedMattersAgainstNetRevenue
0.03 pure
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2017Q1 us-gaap Gross Profit
GrossProfit
40880000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
10287000
CY2017Q1 us-gaap Profit Loss
ProfitLoss
10377000
CY2017Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
88385000
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2018Q1 us-gaap Gross Profit
GrossProfit
45521000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
16586000
CY2018Q1 us-gaap Profit Loss
ProfitLoss
16581000
CY2018Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
95892000
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2016Q4 us-gaap Gross Profit
GrossProfit
43591000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
11151000
CY2016Q4 us-gaap Profit Loss
ProfitLoss
11171000
CY2016Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
90717000
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.33
CY2017Q4 us-gaap Gross Profit
GrossProfit
49271000
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
17100000
CY2017Q4 us-gaap Profit Loss
ProfitLoss
17153000
CY2017Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
101817000
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2016Q3 us-gaap Gross Profit
GrossProfit
40479000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
9881000
CY2016Q3 us-gaap Profit Loss
ProfitLoss
9934000
CY2016Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
83645000
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2017Q3 us-gaap Gross Profit
GrossProfit
45871000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
11914000
CY2017Q3 us-gaap Profit Loss
ProfitLoss
11936000
CY2017Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
95256000
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2017Q2 us-gaap Gross Profit
GrossProfit
47018000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
12474000
CY2017Q2 us-gaap Profit Loss
ProfitLoss
12491000
CY2017Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
98847000
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2018Q2 us-gaap Gross Profit
GrossProfit
49589000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
17545000
CY2018Q2 us-gaap Profit Loss
ProfitLoss
17545000
CY2018Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
109287000

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