XML 22 R12.htm IDEA: XBRL DOCUMENT v3.6.0.2
Segment Information
 6 Months Ended
Nov. 30, 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 the 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 follows:

 

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

As of and for the three months ended November 30,  2016

            

Product revenues to external customers

    $ 37,279       $ 39,682       $ —         $ 76,961   

Service revenues to external customers

      3,482         10,274         —           13,756   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total revenues to external customers

      40,761         49,956         —           90,717   

Operating income (loss)

      8,979         8,998         (1,125 )       16,852   

Total assets

      142,303         217,572         127,436         487,311   

As of and for the three months ended November 30,  2015

            

Product revenues to external customers

    $ 34,682       $ 34,035       $ —         $ 68,717   

Service revenues to external customers

      2,572         8,321         —           10,893   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total revenues to external customers

      37,254         42,356         —           79,610   

Operating income (loss)

      7,687         7,833         (908 )       14,612   

Total assets

      132,472         182,478         110,833         425,783   

 

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

For the six months ended November 30, 2016

            

Product revenues to external customers

    $ 72,921       $ 76,285       $ —         $ 149,206   

Service revenues to external customers

      6,843         18,313         —           25,156   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total revenues to external customers

      79,764         94,598         —           174,362   

Operating income (loss)

      17,062         16,694         (2,162 )       31,594   

For the six months ended November 30, 2015

            

Product revenues to external customers

    $ 66,733       $ 67,021       $ —         $ 133,754   

Service revenues to external customers

      4,981         15,736         —           20,717   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total revenues to external customers

      71,714         82,757         —           154,471   

Operating income (loss)

      16,108         15,173         (1,774 )       29,507   

 

(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.