Basic net (loss) income per share is 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 is 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,
	2026			2025
Numerator for basic and diluted net (loss) income per share:
Net (loss) income attributable to Neogen	$	(11.9	)	$	36.3
Denominator for basic net (loss) income per share:
Weighted average shares		218.1			217.2
Effective of dilutive stock awards		—			0.1
Denominator for diluted net (loss) income per share		218.1			217.3
Net (loss) income per share:
Basic	$	(0.05	)	$	0.17
Diluted	$	(0.05	)	$	0.17

Certain outstanding stock awards were excluded from the computation of diluted earnings per share because the effect would have been anti-dilutive. These potential dilutive common shares, which may be dilutive to future diluted earnings per share, are as follows:


	Three months ended August 31,
	2026		2025
Anti-dilutive stock awards excluded from EPS Computation (1)		2.4		0.7

(1) Due to the net loss during the three months ended August 31, 2026, the dilutive stock awards were anti-dilutive.