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Segment Information
 9 Months Ended
Feb. 28, 2014
Segment Information

4. SEGMENT INFORMATION

The Company has two reportable segments: Food Safety and Animal Safety. The Food Safety segment produces and markets 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 production and marketing of products dedicated to animal health, including a complete line of consumable products marketed to veterinarians and animal health product distributors; the segment also provides genetic identification services. Additionally, Animal Safety produces and markets rodenticides, disinfectants and insecticides to assist in the control of rodents and disease in and around agricultural, food production and other facilities.

Segment information as of and for the three months ended February 28, 2014 and 2013 follows:

 

     Food
Safety		      Animal
Safety		      Corporate and
Eliminations
(1)		     Total  
     (In thousands)  

Fiscal 2014

         

Product revenues to external customers

    $ 26,627       $ 27,996       $ 0      $ 54,623   

Service revenues to external customers

      1,393         5,980         0        7,373   
  

 

 

     

 

 

     

 

 

    

 

 

  

Total revenues to external customers

      28,020         33,976         0        61,996   

Operating income (loss)

      5,969         5,169         (845 )      10,293   

Total assets

      110,038         149,202         71,110        330,350   

Fiscal 2013

         

Product revenues to external customers

    $ 24,152       $ 19,972       $ 0      $ 44,124   

Service revenues to external customers

      1,159         5,772         0        6,931   
  

 

 

     

 

 

     

 

 

    

 

 

  

Total revenues to external customers

      25,311         25,744         0        51,055   

Operating income (loss)

      5,668         4,679         (681 )      9,666   

Total assets

      90,953         124,899         65,173        281,025   

Segment information for the nine months ended February 28, 2014 and 2013 follows:

 

     Food
Safety		      Animal
Safety		      Corporate and
Eliminations
(1)		     Total  
     (In thousands)  

Fiscal 2014

         

Product revenues to external customers

    $ 82,761       $ 76,437       $ 0      $ 159,198   

Service revenues to external customers

      3,656         17,289         0        20,945   
  

 

 

     

 

 

     

 

 

    

 

 

  

Total revenues to external customers

      86,417         93,726         0        180,143   

Operating income (loss)

      20,956         13,746         (2,302 )      32,400   

Fiscal 2013

         

Product revenues to external customers

    $ 75,278       $ 60,151       $ 0      $ 135,429   

Service revenues to external customers

      2,259         13,834         0        16,093   
  

 

 

     

 

 

     

 

 

    

 

 

  

Total revenues to external customers

      77,537         73,985         0        151,522   

Operating income (loss)

      20,450         11,868         (1,848 )      30,470   

 

(1) Includes corporate assets, consisting principally of cash and cash equivalents, marketable securities, deferred assets and overhead expenses not allocated to specific business segments. Also includes the elimination of intersegment transactions.