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Techne Corporation Releases Unaudited Third Quarter and Nine Month Fiscal Year 2012 Results
Date:5/1/2012

tyle="BORDER-BOTTOM: black 2pt double">$31,064

$85,090

$83,971Earnings per share:Basic

$   0.86

$   0.84

$
2.30

$   2.26Diluted

$   0.86

$   0.84

$
2.30

$   2.26Weighted average common shares outstanding:  Basic

36,864

37,119

36,975

37,084  Diluted

36,930

37,194

37,043

37,153TECHNE CORPORATION

CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)ASSETS

3/31/12

6/30/11Cash and equivalents

$95,280

$ 77,613Short-term available-for-sale investments

124,325

63,200Trade accounts receivable

39,114

35,914Inventory

40,497

44,906Other current assets

7,056

8,784  Current assets

306,272

230,417Available-for-sale investments

145,129

131,988Property and equipment, net

94,614

95,398Goodwill and intangible assets, net

134,876

138,915Other non-current assets

3,143

20,952  Total assets

$684,034

$617,670LIABILITIES AND STOCKHOLDERS' EQUITYAccounts payable and accrued expenses

$  14,620

$  12,679Payable for pending available-for-sale investment purchases

7,360

0Income taxes – deferred and current

8,741

5,509  Current liabilities

30,721

18,188Deferred taxes

8,816

13,360Stockholders' equity

644,497

586,122  Total li
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SOURCE Techne Corporation
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