Company: NEOG
Filing Date: 2025-07-30
Form Type: 10-K
Source: 0000950170-25-100064
Chunk: 13

Company: NEOGEN CORP
Filing Date: 2025-07-30
Form: 10-K
Item: Item 6
Chunk 13
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 years

     4-5 years

     5 years

     Debt
      
     $
     902,350

     $
     19,225

     $
     67,500

     $
     465,625

     $
     350,000

     Interest obligations

     287,586

     62,786

     170,462

     50,229

     4,109

     Operating Leases

     23,821

     6,257

     7,875

     2,916

     6,773

     Purchase Obligations (1)

     101,436

     97,340

     4,096

     —

     —

     $
     1,315,193

     $
     185,608

     $
     249,933

     $
     518,770

     $
     360,882

    (1)Purchase obligations are primarily purchase orders for future inventory and capital equipment purchases. CRITICAL ACCOUNTING ESTIMATES The discussion and analysis of our financial condition and results of operations are based on the consolidated financial statements that have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires that management make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, management evaluates the estimates, including but not limited to, those related to receivable allowances, inventories and intangible assets. These estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. The following critical accounting estimates reflect management’s more significant judgments used in the preparation of the consolidated financial statements.  Income Taxes  We account for income taxes using the asset and liability method. Under this method, deferred income tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and for tax credit carryforwards and are measured using the enacted tax rates in effect for the years in which the differences are expected to reverse. Deferred income tax expense represents the change in net deferred income tax assets and liabilities during the year. The determination of income subject to income tax in each tax