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Net Income per Share
 3 Months Ended
Aug. 31, 2017
Net Income per Share

3. NET INCOME PER SHARE

The calculation of net income per share attributable to Neogen Corporation follows:

 

    Three Months Ended  
    August 31,  
    2017     2016  
    (in thousands, except per share amounts)  

Numerator for basic and diluted net income per share:

    

Net income attributable to Neogen

   $ 11,914     $ 9,881  

Denominator for basic net income per share:

    

Weighted average shares

     38,211       37,615  

Effect of dilutive stock options

     465       550  
 

 

 

    

 

 

  

Denominator for diluted net income per share

     38,676       38,165  

Net income attributable to Neogen per share:

    

Basic

   $ 0.31     $ 0.26  
 

 

 

    

 

 

  

Diluted

   $ 0.31     $ 0.26