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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Feb. 29, 2016
Feb. 28, 2015
REVENUES        
Product revenues $ 64,377 $ 58,066 $ 198,131 $ 176,114
Service revenues 12,348 10,343 33,065 28,349
Total Revenues 76,725 68,409 231,196 204,463
COST OF REVENUES        
Cost of product revenues 32,920 28,879 97,558 86,113
Cost of service revenues 8,609 5,827 22,427 16,363
Total Cost of Revenues 41,529 34,706 119,985 102,476
GROSS MARGIN 35,196 33,703 111,211 101,987
OPERATING EXPENSES        
Sales and marketing 13,953 12,655 41,727 37,617
General and administrative 7,538 6,522 21,081 18,629
Research and development 2,451 2,366 7,642 7,245
Operating Expenses, Total 23,942 21,543 70,450 63,491
OPERATING INCOME 11,254 12,160 40,761 38,496
OTHER INCOME (EXPENSE)        
Interest income 120 66 238 158
Change in purchase consideration 0 (84) 0 (297)
Other income (expense) 265 (508) (730) (589)
Nonoperating Income (Expense), Total 385 (526) (492) (728)
INCOME BEFORE INCOME TAXES 11,639 11,634 40,269 37,768
INCOME TAXES 3,350 4,225 13,550 13,625
NET INCOME 8,289 7,409 26,719 24,143
NET LOSS INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST 22 45 (12) (1)
NET LOSS (INCOME) ATTRIBUTABLE TO NEOGEN CORPORATION $ 8,311 $ 7,454 $ 26,707 $ 24,142
NET INCOME ATTRIBUTABLE TO NEOGEN CORPORATION PER SHARE        
Basic $ 0.22 $ 0.20 $ 0.71 $ 0.65
Diluted $ 0.22 $ 0.20 $ 0.71 $ 0.65