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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2015
Aug. 31, 2014
REVENUES    
Product revenues $ 65,036 $ 58,224
Service revenues 9,824 9,375
Total Revenues 74,860 67,599
COST OF REVENUES    
Cost of product revenues 30,630 27,976
Cost of service revenues 6,438 5,547
Total Cost of Revenues 37,068 33,523
GROSS MARGIN 37,792 34,076
OPERATING EXPENSES    
Sales and marketing 13,571 12,220
General and administrative 6,753 6,013
Research and development 2,573 2,404
Operating Expenses, Total 22,897 20,637
OPERATING INCOME 14,895 13,439
OTHER INCOME (EXPENSE)    
Interest income 68 45
Change in purchase consideration 0 241
Other income (expense) (524) (16)
Nonoperating Income (Expense), Total (456) 270
INCOME BEFORE INCOME TAXES 14,439 13,709
INCOME TAXES 5,150 4,800
NET INCOME 9,289 8,909
NET LOSS/(INCOME) ATTRIBUTABLE TO NON-CONTROLLING INTEREST 34 (26)
NET INCOME ATTRIBUTABLE TO NEOGEN CORPORATION $ 9,323 $ 8,883
NET INCOME ATTRIBUTABLE TO NEOGEN CORPORATION PER SHARE    
Basic $ 0.25 $ 0.24
Diluted $ 0.25 $ 0.24