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Net Income per Share (Tables)

9 Months Ended

Feb. 28, 2022

Schedule of Calculation of Net Income Per Share

The calculation of net income per share follows:


		Three Months Ended								Nine Months Ended
		February 28,								February 28,
(in thousands, except per share amounts)		2022				2021				2022				2021
Numerator for basic and diluted net income per share:
Net income attributable to Neogen		$	5,443			$	13,377			$	33,348			$	45,122
Denominator for basic net income per share:
Weighted average shares			107,818				106,826				107,648				106,264
Effect of dilutive stock options and RSUs			315				564				482				504

Denominator for diluted net income per share			108,133				107,390				108,130				106,768
Net income attributable to Neogen per share:
Basic		$	0.05			$	0.13			$	0.31			$	0.42

Diluted		$	0.05			$	0.12			$	0.31			$	0.42