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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Nov. 30, 2015
Nov. 30, 2014
REVENUES        
Product revenues $ 68,717 $ 59,824 $ 133,754 $ 118,048
Service revenues 10,893 8,631 20,717 18,006
Total Revenues 79,610 68,455 154,471 136,054
COST OF REVENUES        
Cost of product revenues 34,006 29,258 64,637 57,234
Cost of service revenues 7,380 4,989 13,818 10,536
Total Cost of Revenues 41,386 34,247 78,455 67,770
GROSS MARGIN 38,224 34,208 76,016 68,284
OPERATING EXPENSES        
Sales and marketing 14,203 12,743 27,774 24,963
General and administrative 6,791 6,094 13,543 12,107
Research and development 2,618 2,474 5,192 4,878
Operating Expenses, Total 23,612 21,311 46,509 41,948
OPERATING INCOME 14,612 12,897 29,507 26,336
OTHER INCOME (EXPENSE)        
Interest income 51 47 119 92
Change in purchase consideration 0 (454) 0 (213)
Other expense (471) (64) (995) (80)
Nonoperating Income (Expense), Total (420) (471) (876) (201)
INCOME BEFORE INCOME TAXES 14,192 12,426 28,631 26,135
INCOME TAXES 5,050 4,600 10,200 9,400
NET INCOME 9,142 7,826 18,431 16,735
NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST (69) (20) (35) (46)
NET INCOME ATTRIBUTABLE TO NEOGEN CORPORATION $ 9,073 $ 7,806 $ 18,396 $ 16,689
NET INCOME ATTRIBUTABLE TO NEOGEN CORPORATION PER SHARE        
Basic $ 0.24 $ 0.21 $ 0.49 $ 0.45
Diluted $ 0.24 $ 0.21 $ 0.49 $ 0.45