XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Feb. 28, 2018
Feb. 28, 2017
Feb. 28, 2018
Feb. 28, 2017
Revenues        
Product revenues $ 78,142 $ 73,964 $ 244,298 $ 223,170
Service revenues 17,750 14,421 48,667 39,577
Total Revenues 95,892 88,385 292,965 262,747
Cost of Revenues        
Cost of product revenues 40,352 38,816 124,785 113,241
Cost of service revenues 10,019 8,689 27,517 24,556
Total Cost of Revenues 50,371 47,505 152,302 137,797
Gross Margin 45,521 40,880 140,663 124,950
Operating Expenses        
Sales and marketing 17,492 15,340 52,331 45,824
General and administrative 9,280 8,548 29,096 25,094
Research and development 2,836 2,641 8,901 8,087
Total Operating Expenses 29,608 26,529 90,328 79,005
Operating Income 15,913 14,351 50,335 45,945
Other Income        
Interest income 524 271 1,322 690
Other income 844 1,105 1,913 1,098
Total Other Income 1,368 1,376 3,235 1,788
Income Before Taxes 17,281 15,727 53,570 47,733
Provision for Income Taxes 700 5,350 7,900 16,250
Net Income 16,581 10,377 45,670 31,483
Net (Income)/Loss Attributable to Non-Controlling Interest 5 (90) (70) (163)
Net Income Attributable to Neogen $ 16,586 $ 10,287 $ 45,600 $ 31,320
Net Income Attributable to Neogen Per Share        
Basic $ 0.32 $ 0.20 $ 0.89 $ 0.62
Diluted $ 0.32 $ 0.20 $ 0.88 $ 0.61