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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
May 31, 2017
May 31, 2016
May 31, 2015
Revenues      
Product revenues $ 306,512 $ 273,570 $ 243,909
Service revenues 55,082 47,705 39,165
Total Revenues 361,594 321,275 283,074
Cost of Revenues      
Cost of product revenues 156,568 137,766 120,377
Cost of service revenues 33,058 30,445 23,012
Total Cost of Revenues 189,626 168,211 143,389
Gross Margin 171,968 153,064 139,685
Operating Expenses      
Sales and marketing 62,424 57,599 51,757
General and administrative 34,214 29,189 25,233
Research and development 10,385 9,890 9,577
Total Operating Expenses 107,023 96,678 86,567
Operating Income 64,945 56,386 53,118
Other Income (Expense)      
Interest income 838 322 228
Royalty income 171 217 150
Change in purchase consideration 18   (297)
Other, net 701 (1,412) (1,123)
Nonoperating Income (Expense), Total 1,728 (873) (1,042)
Income Before Income Taxes 66,673 55,513 52,076
Provision for Income Taxes 22,700 18,975 18,500
Net Income 43,973 36,538 33,576
Net (Income) Loss Attributable to Non-controlling Interest (180) 26 (50)
Net Income Attributable to Neogen $ 43,793 $ 36,564 $ 33,526
Net Income Attributable to Neogen per Share      
Basic $ 1.16 $ 0.98 $ 0.91
Diluted $ 1.14 $ 0.97 $ 0.90