Net Loss Per Share

6 Months Ended

Nov. 30, 2023

Earnings Per Share [Abstract]

Net Loss Per Share

5. NET LOSS PER SHARE

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

The calculation of net loss per share follows:

	Three Months Ended November 30,						Six Months Ended November 30,
	2023			2022			2023			2022
Numerator for basic and diluted net loss per share:
Net loss attributable to Neogen	$	(3,487	)	$	(41,841	)	$	(1,984	)	$	(36,632	)
Denominator for basic net loss per share:
Weighted average shares		216,410,493			216,134,350			216,359,511			161,689,929
Effect of dilutive stock options and RSUs		—			—			—			—
Denominator for diluted net loss per share		216,410,493			216,134,350			216,359,511			161,689,929
Net loss per share:
Basic	$	(0.02	)	$	(0.19	)	$	(0.01	)	$	(0.23	)
Diluted	$	(0.02	)	$	(0.19	)	$	(0.01	)	$	(0.23	)

Due to the net loss for the three and six months ended November 30, 2023 and the three and six months ended November 30, 2022, the dilutive stock options and RSUs would have been anti-dilutive.