NET INCOME PER SHARE

6 Months Ended

Nov. 30, 2012

3. NET INCOME PER SHARE

The calculation of net income per share attributable to Neogen Corporation follows:


	Three Months Ended November 30,				Six Months Ended November 30,
	2012		2011		2012		2011
	(In thousands, except per share amounts)
Numerator for basic and diluted net income per share:
Net Income attributable to Neogen shareholders	$	6,793	$	5,237	$	13,507	$	11,241
Denominator:
Denominator for basic net income per share:
Weighted average shares		23,828		23,418		23,752		23,369
Effect of dilutive stock options and warrants		439		556		479		632

Denominator for diluted net income per share		24,267		23,974		24,231		24,001
Net income attributable to Neogen Corporation per share:
Basic	$	0.29	$	0.22	$	0.57	$	0.48

Diluted	$	0.28	$	0.22	$	0.56	$	0.47

The entire disclosure for earnings per share.