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Segment Information
 9 Months Ended
Feb. 29, 2016
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 29/28, 2016 and 2015 follows:

 

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

Fiscal 2016

            

Product revenues to external customers

    $ 31,975       $ 32,402       $ 0       $ 64,377   

Service revenues to external customers

      2,623         9,725         0         12,348   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total revenues to external customers

      34,598         42,127         0         76,725   

Operating income (loss)

      6,114         6,149         (1,009 )       11,254   

Total assets

      130,077         189,191         112,973         432,241   

Fiscal 2015

            

Product revenues to external customers

    $ 29,348       $ 28,718       $ 0       $ 58,066   

Service revenues to external customers

      2,617         7,726         0         10,343   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total revenues to external customers

      31,965         36,444         0         68,409   

Operating income (loss)

      6,976         6,087         (903 )       12,160   

Total assets

      108,993         178,685         90,757         378,435   

Segment information for the nine months ended February 29/28, 2016 and 2015 follows:

 

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

Fiscal 2016

         

Product revenues to external customers

    $ 98,708       $ 99,423       $ 0       $ 198,131   

Service revenues to external customers

      7,604         25,461         0         33,065   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total revenues to external customers

      106,312         124,884         0         231,196   

Operating income (loss)

      22,222         21,322         (2,783 )       40,761   

Fiscal 2015

            

Product revenues to external customers

    $ 87,761       $ 88,353       $ 0       $ 176,114   

Service revenues to external customers

      8,122         20,227         0         28,349   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total revenues to external customers

      95,883         108,580         0         204,463   

Operating income (loss)

      22,688         18,228         (2,420 )       38,496   

 

(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.