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Net Income (Loss) Per Share
 9 Months Ended
Feb. 28, 2023
Net Income (Loss) Per Share

5. NET INCOME (LOSS) PER SHARE

The calculation of net income (loss) per share follows:

 

 

Three Months Ended February 28,

 

 

Nine Months Ended February 28,

 

(in thousands, except per share amounts)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator for basic and diluted net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to Neogen

 

$

8,190

 

 

$

5,443

 

 

$

(28,442

)

 

$

33,348

 

Denominator for basic net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares

 

 

216,218

 

 

 

107,818

 

 

 

179,666

 

 

 

107,648

 

Effect of dilutive stock options and RSUs

 

 

181

 

 

 

315

 

 

 

—

 

 

 

482

 

Denominator for diluted net income (loss) per share

 

 

216,399

 

 

 

108,133

 

 

 

179,666

 

 

 

108,130

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.04

 

 

$

0.05

 

 

$

(0.16

)

 

$

0.31

 

Diluted

 

$

0.04

 

 

$

0.05

 

 

$

(0.16

)

 

$

0.31

 

Note: Due to the net loss during the nine months ended February 28, 2023, the dilutive stock options and RSUs are anti-dilutive.