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Segment Information and Geographic Data
 9 Months Ended
Feb. 28, 2021
Segment Information and Geographic Data
7. SEGMENT INFORMATION AND GEOGRAPHIC DATA
We have 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, 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.
Our international operations in the United Kingdom, Mexico, Brazil, China and India originally focused on the Company’s food safety products, and each of these units reports through the Food Safety segment. In recent years, these operations have expanded to offer our complete line of products and services, including those usually associated with the Animal Safety segment such as cleaners, disinfectants, rodenticides, insecticides, veterinary instruments and genomics services. These additional products and services are managed and directed by existing management and are reported through the Food Safety segment.
Neogen’s operation in Australia originally focused on providing genomics services and sales of animal safety products and reports through the Animal Safety segment. With the acquisition of Cell BioSciences on February 28, 2020, this operation has expanded to offer our complete line of products and services, including those usually associated with the Food Safety segment. These additional products are managed and directed by existing management at Neogen Australasia and report through the Animal Safety segment.
The accounting policies of each of the segments are the same as those described in Note 1.
Segment information follows:
 
(in thousands)
   
Food
Safety
     
Animal
Safety
     
Corporate and
Eliminations
(1)
     
Total
  
As of and for the three months ended February 28, 2021
 
                           
Product revenues to external customers
    $ 51,965      $ 40,851      $ —        $ 92,816  
Service revenues to external customers
      6,459        17,434        —          23,893  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total revenues to external customers
      58,424        58,285        —          116,709  
Operating income (loss)
      7,911        11,657        (3,794 )       15,774  
Total assets
      287,690        239,179        353,347        880,216  
As of and for the three months ended February 29, 2020
 
                           
Product revenues to external customers
    $ 44,450      $ 33,286      $ —        $ 77,736  
Service revenues to external customers
      6,048        16,085        —          22,133  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total revenues to external customers
      50,498        49,371        —          99,869  
Operating income (loss)
      5,881        8,492        (1,330 )       13,043  
Total assets
      226,077        219,501        327,923        773,501  
 
(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.
(in thousands)
   
Food
Safety
     
Animal
Safety
     
Corporate and
Eliminations
(1)
     
Total
  
As of and for the nine months ended February 28, 2021
                                    
Product revenues to external customers
    $  151,951      $  121,337      $ —        $  273,288  
Service revenues to external customers
      18,192        49,554        —          67,746  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total revenues to external customers
      170,143        170,891        —          341,034  
Operating income (loss)
      24,834        36,068        (6,988 )       53,914  
As of and for the nine months ended February 29, 2020
                                    
Product revenues to external customers
    $ 141,516      $ 105,555      $ —        $ 247,071  
Service revenues to external customers
      16,858        45,167        —          62,025  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total revenues to external customers
      158,374        150,722        —          309,096  
Operating income (loss)
      24,571        26,521        (3,513 )       47,579  
 
(1)
Includes elimination of intersegment transactions.
The following table presents the Company’s revenue disaggregated by geographic location:
 
    
Three months ended
February 28/29,
     
Nine months ended
February 28/29,
  
(in thousands)
   
2021
     
2020
     
2021
     
2020
  
Domestic
    $ 70,387      $  59,762      $  207,544      $  186,887  
International
      46,322        40,107        133,490        122,209  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total revenue
      116,709        99,869        341,034        309,096