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Net Income per Share
 6 Months Ended
Nov. 30, 2013
Net Income per Share

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,

  
     2013      2012      2013      2012  
     (In thousands, except per share amounts)  

Numerator for basic and diluted net income per share:

            

Net Income attributable to Neogen shareholders

    $ 6,207       $ 6,793       $ 14,045       $ 13,507   

Denominator:

            

Denominator for basic net income per share:

            

Weighted average shares

      36,458         35,742         36,302         35,628   

Effect of dilutive stock options and warrants

      916         659         939         719   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator for diluted net income per share

      37,374         36,401         37,241         36,347   

Net income attributable to Neogen Corporation per share:

            

Basic

    $ 0.17       $ 0.19       $ 0.39       $ 0.38   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted

    $ 0.17       $ 0.19       $ 0.38       $ 0.37   
  

 

 

     

 

 

     

 

 

     

 

 

  

The Board of Directors declared a 3 for 2 stock split effective October 31, 2013. All share and per share amounts in this Form 10-Q reflect amounts as if the split took place at the beginning of the periods presented.