XML 46 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Net Income per Share
 9 Months Ended
Feb. 28, 2014
Net Income per Share

3. NET INCOME PER SHARE

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

 

    

Three Months Ended

February 28,

     

Nine Months Ended

February 28,

  
     2014      2013      2014      2013  
     (In thousands, except per share amounts)  

Numerator for basic and diluted net income per share:

            

Net Income attributable to Neogen shareholders

    $ 6,575       $ 6,652       $ 20,621       $ 20,158   

Denominator:

            

Denominator for basic net income per share:

            

Weighted average shares

      36,613         35,841         36,471         35,699   

Effect of dilutive stock options and warrants

      620         762         678         756   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator for diluted net income per share

      37,233         36,603         37,149         36,455   

Net income attributable to Neogen Corporation per share:

            

Basic

    $ 0.18       $ 0.19       $ 0.57       $ 0.56   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted

    $ 0.18       $ 0.18       $ 0.56       $ 0.55   
  

 

 

     

 

 

     

 

 

     

 

 

  

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.