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Net Income per Share

6 Months Ended

Nov. 30, 2018

Net Income per Share

3. NET INCOME PER SHARE

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


		Three Months Ended								Six Months Ended
		November 30,								November 30,
		2018				2017				2018				2017
		(in thousands, except per share amounts)
Numerator for basic and diluted net income per share:
Net income attributable to Neogen		$	16,051			$	17,100			$	31,288			$	29,014
Denominator for basic net income per share:
Weighted average shares			52,019				51,264				51,820				51,109
Effect of dilutive stock options			572				697				721				669

Denominator for diluted net income per share			52,591				51,961				52,541				51,778
Net income attributable to Neogen per share:
Basic		$	0.31			$	0.33			$	0.60			$	0.57

Diluted		$	0.31			$	0.33			$	0.60			$	0.56