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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
May. 31, 2015
May. 31, 2014
May. 31, 2013
Revenues      
Product revenues $ 247,940 $ 219,734 $ 184,134
Service revenues 35,134 27,671 23,394
Total Revenues 283,074 247,405 207,528
Cost of Revenues      
Cost of product revenues 121,455 107,167 84,045
Cost of service revenues 21,934 17,640 13,989
Total Cost of Revenues 143,389 124,807 98,034
Gross Margin 139,685 122,598 109,494
Operating Expenses      
Sales and marketing 51,757 46,432 40,791
General and administrative 25,233 24,449 20,216
Research and development 9,577 8,326 7,781
Operating Expenses, Total 86,567 79,207 68,788
Operating Income 53,118 43,391 40,706
Other Income (Expense)      
Interest income 228 115 144
Royalty income 150 231 364
Change in purchase consideration (297) 38 (14)
Other, net (1,123) (744) (59)
Nonoperating Income (Expense), Total (1,042) (360) 435
Income Before Income Taxes 52,076 43,031 41,141
Provision for Income Taxes 18,500 15,000 14,100
Net Income 33,576 28,031 27,041
Net (Income) Loss Attributable to Noncontrolling Interest (50) 127 149
Net Income Attributable to Neogen $ 33,526 $ 28,158 $ 27,190
Net Income Attributable to Neogen Per Share      
Basic $ 0.91 $ 0.77 $ 0.76
Diluted $ 0.90 $ 0.76 $ 0.75