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Net Income (Loss) Per Share (Tables)
 6 Months Ended
Nov. 30, 2022
Schedule of Calculation of Net Income Per Share
The calculation of net income (loss) per share
follows:
 
 
  
Three Months Ended
November 30,
 
  
Six Months Ended
November 30,
 
(in thousands, except per share amounts)
  
2022
 
  
2021
 
  
2022
 
  
2021
 
Numerator for basic and diluted net income (loss) per share:
                                    
Net income (loss) attributable to Neogen
    $ (41,841 )     $ 10,828      $ (36,632 )     $ 27,905  
Denominator for basic net income (loss) per share:
                                    
Weighted average shares
      216,134        107,641        161,690        107,565  
Effect of dilutive stock options and RSUs
      —        481        —        534  
    
 
 
     
 
 
     
 
 
     
 
 
  
Denominator for diluted net income (loss) per share
   
$
 216,134     
$
 108,122     
$
 161,690     
$
 108,099  
Net income (loss) per share:
                                    
Basic
    $ (0.19 )     $ 0.10      $ (0.23 )     $ 0.26  
Diluted
    $ (0.19 )     $ 0.10      $ (0.23 )     $ 0.26  

 
Note:
Due to the net loss for the Three and Six month periods end November 30, 2022, the dilutive stock options and RSUs are anti-dilutive for those periods.