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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
May 31, 2016
May 31, 2015
May 31, 2014
Revenues      
Product revenues $ 273,570 $ 243,909 $ 216,148
Service revenues 47,705 39,165 31,257
Total Revenues 321,275 283,074 247,405
Cost of Revenues      
Cost of product revenues 137,766 120,377 106,067
Cost of service revenues 30,445 23,012 18,740
Total Cost of Revenues 168,211 143,389 124,807
Gross Margin 153,064 139,685 122,598
Operating Expenses      
Sales and marketing 57,599 51,757 46,432
General and administrative 29,189 25,233 24,449
Research and development 9,890 9,577 8,326
Operating Expenses, Total 96,678 86,567 79,207
Operating Income 56,386 53,118 43,391
Other Income (Expense)      
Interest income 322 228 115
Royalty income 217 150 231
Change in purchase consideration 0 (297) 38
Other, net (1,412) (1,123) (744)
Nonoperating Income (Expense), Total (873) (1,042) (360)
Income Before Income Taxes 55,513 52,076 43,031
Provision for Income Taxes 18,975 18,500 15,000
Net Income 36,538 33,576 28,031
Net (Income) Loss Attributable to Non-controlling Interest 26 (50) 127
Net Income Attributable to Neogen $ 36,564 $ 33,526 $ 28,158
Net Income Attributable to Neogen Per Share      
Basic $ 0.98 $ 0.91 $ 0.77
Diluted $ 0.97 $ 0.90 $ 0.76