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Net (Loss) Income Per Share
 3 Months Ended
Aug. 31, 2024
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share

3. NET (LOSS) INCOME PER SHARE

Basic net (loss) income per share was computed by dividing net (loss) income by the weighted average number of shares of common stock outstanding during the period. Diluted net (loss) income per share was computed using the treasury stock method by dividing net (loss) income by the weighted average number of shares of common stock outstanding.

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

 

 

Three months ended August 31,

 

 

 

2024

 

 

2023

 

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

 

 

 

 

 

 

Net (loss) income attributable to Neogen

 

$

(12,609

)

 

$

1,503

 

Denominator for basic net (loss) income per share:

 

 

 

 

 

 

Weighted average shares

 

 

216,695,348

 

 

 

216,309,084

 

Effect of dilutive stock options and RSUs

 

 

—

 

 

 

537,022

 

Denominator for diluted net (loss) income per share

 

 

216,695,348

 

 

 

216,846,106

 

Net (loss) income per share:

 

 

 

 

 

 

Basic

 

$

(0.06

)

 

$

0.01

 

Diluted

 

$

(0.06

)

 

$

0.01

 

Due to the net loss reported for the three months ended August 31, 2024, the dilutive stock options and RSUs were anti-dilutive. As of August 31, 2023, 45,000 shares were excluded from the calculation of diluted net income per share, because the inclusion of such securities in the calculation would have been anti-dilutive.