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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
May 31, 2019
May 31, 2018
May 31, 2017
Revenues      
Total Revenues $ 414,186 $ 397,930 $ 358,277
Cost of Revenues      
Total Cost of Revenues 222,266 211,658 189,353
Gross Margin 191,920 186,272 168,924
Operating Expenses      
Sales and marketing 70,230 66,929 59,380
General and administrative 40,791 38,294 34,214
Research and development 12,805 10,855 10,385
Total Operating Expenses 123,826 116,078 103,979
Operating Income 68,094 70,194 64,945
Other Income      
Interest income, net 4,683 2,043 838
Royalty income 150 147 171
Other, net 32 1,081 719
Total Other Income 4,865 3,271 1,728
Income Before Income Taxes 72,959 73,465 66,673
Provision for Income Taxes 12,783 10,250 22,700
Net Income 60,176 63,215 43,973
Net Income Attributable to Non-controlling Interest 0 (70) (180)
Net Income Attributable to Neogen $ 60,176 $ 63,145 $ 43,793
Net Income Attributable to Neogen per Share      
Basic $ 1.16 $ 1.23 $ 0.87
Diluted $ 1.15 $ 1.21 $ 0.86
Product Revenues      
Revenues      
Total Revenues $ 339,439 $ 331,288 $ 303,148
Cost of Revenues      
Total Cost of Revenues 179,660 173,725 156,295
Service Revenues      
Revenues      
Total Revenues 74,747 66,642 55,129
Cost of Revenues      
Total Cost of Revenues $ 42,606 $ 37,933 $ 33,058