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Segment Information | 12 Months Ended
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May 31, 2014
Segment Information |
9. | Segment Information
The Company has two reportable segments: Food Safety and Animal Safety. The Food Safety segment is primarily engaged in the development, production and marketing of diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation. The Animal Safety segment is primarily engaged in the development, production and marketing of products dedicated to animal safety, including a complete line of consumable products marketed to veterinarians and animal health product distributors; this segment also provides genetic identification and related interpretive bioinformatic services. Additionally, the Animal Safety segment produces and markets rodenticides, disinfectants, and insecticides to assist in control of rodents, insects and disease in and around agricultural, food production and other facilities. These segments are managed separately because they represent strategic business units that offer different products and require different marketing strategies. The Company evaluates performance based on total sales and operating income of the respective segments. The accounting policies of each of the segments are the same as those described in Note 1. Segment information is as follows:
(In thousands) |  | Food Safety |  |  | Animal Safety |  |  | Corporate and Eliminations (1) |  |  | Total |
Fiscal 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues to external customers |  | $ | 111,545 |  |  | $ | 108,189 |  |  | $ | 0 |  |  | $ | 219,734 |
Service revenues to external customers |  |  | 4,745 |  |  |  | 22,926 |  |  |  | 0 |  |  |  | 27,671 |
Total revenues to external customers |  |  | 116,290 |  |  |  | 131,115 |  |  |  | 0 |  |  |  | 247,405 |
Operating income (loss) |  |  | 28,009 |  |  |  | 18,571 |  |  |  | (3,189 | ) |  |  | 43,391 |
Depreciation and amortization |  |  | 4,181 |  |  |  | 4,999 |  |  |  | 0 |  |  |  | 9,180 |
Total assets |  |  | 105,607 |  |  |  | 173,643 |  |  |  | 66,051 |  |  |  | 345,301 |
Expenditures for long-lived assets |  |  | 5,999 |  |  |  | 5,544 |  |  |  | 0 |  |  |  | 11,543 |
Fiscal 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues to external customers |  | $ | 102,971 |  |  | $ | 81,163 |  |  | $ | 0 |  |  | $ | 184,134 |
Service revenues to external customers |  |  | 3,187 |  |  |  | 20,207 |  |  |  | 0 |  |  |  | 23,394 |
Total revenues to external customers |  |  | 106,158 |  |  |  | 101,370 |  |  |  | 0 |  |  |  | 207,528 |
Operating income (loss) |  |  | 27,366 |  |  |  | 15,858 |  |  |  | (2,518 | ) |  |  | 40,706 |
Depreciation and amortization |  |  | 3,874 |  |  |  | 3,537 |  |  |  | 0 |  |  |  | 7,411 |
Total assets |  |  | 93,079 |  |  |  | 121,908 |  |  |  | 75,571 |  |  |  | 290,558 |
Expenditures for long-lived assets |  |  | 6,046 |  |  |  | 2,851 |  |  |  | 0 |  |  |  | 8,897 |
Fiscal 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues to external customers |  | $ | 90,460 |  |  | $ | 74,450 |  |  | $ | 0 |  |  | $ | 164,910 |
Service revenues to external customers |  |  | 644 |  |  |  | 18,492 |  |  |  | 0 |  |  |  | 19,136 |
Total revenues to external customers |  |  | 91,104 |  |  |  | 92,942 |  |  |  | 0 |  |  |  | 184,046 |
Operating income (loss) |  |  | 23,932 |  |  |  | 12,039 |  |  |  | (2,232 | ) |  |  | 33,739 |
Depreciation and amortization |  |  | 3,500 |  |  |  | 2,673 |  |  |  | 0 |  |  |  | 6,173 |
Total assets |  |  | 62,227 |  |  |  | 106,987 |  |  |  | 82,386 |  |  |  | 251,600 |
Expenditures for long-lived assets |  |  | 4,633 |  |  |  | 7,780 |  |  |  | 0 |  |  |  | 12,413 |
(1) | Includes corporate assets, including cash and cash equivalents, marketable securities, current and deferred tax accounts, and overhead expenses not allocated to specific business segments. Also includes the elimination of intersegment transactions and noncontrolling interests.
Revenues to customers located outside the United States amounted to $96,111,000 or 38.8% of consolidated revenues in fiscal 2014, $83,171,000 or 40.1% in fiscal 2013 and $76,672,000 or 41.7% in fiscal 2012 and were derived primarily in various countries throughout Europe, Canada, and the geographic areas of South and Central America and Asia. No customer represented revenues in excess of 10% of consolidated net sales in any of the three years. The United States based operations represent 95% of the Company’s long-lived assets as of May 31, 2014 and 95% as May 31, 2013.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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