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Segment Information
 3 Months Ended
Aug. 31, 2016
Segment Information

4. 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, dehydrated culture media 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 genomic 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 as of and for the three months ended August 31, 2016 and 2015 follows:

 

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

Fiscal 2017

            

Product revenues to external customers

    $ 35,642       $ 36,603       $ 0       $ 72,245   

Service revenues to external customers

      3,361         8,039         0         11,400   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total revenues to external customers

      39,003         44,642         0         83,645   

Operating income (loss)

      8,083         7,696         (1,037 )       14,742   

Total assets

      142,339         211,827         114,449         468,615   

Fiscal 2016

            

Product revenues to external customers

    $ 32,051       $ 32,985       $ 0       $ 65,036   

Service revenues to external customers

      2,408         7,416         0         9,824   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total revenues to external customers

      34,459         40,401         0         74,860   

Operating income (loss)

      8,421         7,340         (866 )       14,895   

Total assets

      132,115         179,453         97,818         409,386   

 

(1) Includes corporate assets, consisting principally of 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.