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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
May 31, 2014
May 31, 2013
May 31, 2012
Revenues      
Product revenues $ 219,734 $ 184,134 $ 164,910
Service revenues 27,671 23,394 19,136
Total Revenues 247,405 207,528 184,046
Cost of Revenues      
Cost of product revenues 107,167 84,045 78,823
Cost of service revenues 17,640 13,989 12,798
Total Cost of Revenues 124,807 98,034 91,621
Gross Margin 122,598 109,494 92,425
Operating Expenses      
Sales and marketing 46,432 40,791 35,026
General and administrative 24,449 20,216 17,024
Research and development 8,326 7,781 6,636
Operating Expenses, Total 79,207 68,788 58,686
Operating Income 43,391 40,706 33,739
Other Income (Expense)      
Interest income 115 144 107
Royalty income 231 364 329
Change in purchase consideration 38 (14) 154
Other, net (744) (59) (490)
Nonoperating Income (Expense), Total (360) 435 100
Income Before Income Taxes 43,031 41,141 33,839
Provision for Income Taxes 15,000 14,100 11,450
Net Income 28,031 27,041 22,389
Net Loss Attributable to Noncontrolling Interest 127 149 124
Net Income Attributable to Neogen $ 28,158 $ 27,190 $ 22,513
Net Income Attributable to Neogen Per Share      
Basic $ 0.77 $ 0.76 $ 0.64
Diluted $ 0.76 $ 0.75 $ 0.62