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Segment Information and Geographic Data
 6 Months Ended
Nov. 30, 2021
Segment Information and Geographic Data
6. 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 in February 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:
 
                  
Corporate and
         
    
Food
     
Animal
     
Eliminations
         
(in thousands)
   
Safety
     
Safety
     
(1)
     
Total
  
As of and for the three months ended November 30, 2021
 
                           
Product revenues to external customers
    $ 60,112      $ 45,999      $ —        $ 106,111  
Service revenues to external customers
      7,020        17,386        —          24,406  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total revenues to external customers
      67,132        63,385        —          130,517  
Operating income (loss)
      10,894        12,701        (11,126 )       12,469  
Total assets
      298,437        278,994        390,503        967,934  
As of and for the three months ended November 30, 2020
 
                           
Product revenues to external customers
    $ 51,323      $ 41,214      $ —        $ 92,537  
Service revenues to external customers
      6,211        16,252        —          22,463  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total revenues to external customers
      57,534        57,466        —          115,000  
Operating income (loss)
      8,960        12,246        (1,961 )       19,245  
Total assets
      226,735        228,126        390,765        845,626  
 
(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.
                                                                                                                     
                  
Corporate and
         
    
Food
     
Animal
     
Eliminations
         
(in thousands)
   
Safety
     
Safety
     
(1)
     
Total
  
As of and for the six months ended November 30, 2021
                                    
Product revenues to external customers
   
$
116,057
 
   
$
94,067
 
   
$
—  
 
   
$
210,124
 
Service revenues to external customers
   
 
13,797
 
   
 
34,901
 
   
 
—  
 
   
 
48,698
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Total revenues to external customers
   
 
129,854
 
   
 
128,968
 
   
 
—  
 
   
 
258,822
 
Operating income (loss)
   
 
21,026
 
   
 
25,463
 
   
 
(12,275
) 
   
 
34,214
 
As of and for the six months ended November 30, 2020
                                    
Product revenues to external customers
   
$
99,986
 
   
$
80,486
 
   
$
—  
 
   
$
180,472
 
Service revenues to external customers
   
 
11,733
 
   
 
32,120
 
   
 
—  
 
   
 
43,853
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Total revenues to external customers
   
 
111,719
 
   
 
112,606
 
   
 
—  
 
   
 
224,325
 
Operating income (loss)
   
 
16,923
 
   
 
24,411
 
   
 
(3,194
) 
   
 
38,140
 
 
(1)
Includes elimination of intersegment transactions.
The following table presents the Company’s revenue disaggregated by geographic location:
 
     
                      
      
                      
      
                      
      
                      
  
    
Three months ended
     
Six months ended
  
    
November 30,
     
November 30,
  
(in thousands)
   
2021
     
2020
     
2021
     
2020
  
Domestic
   
$
76,378
 
   
$
69,832
 
   
$
154,156
 
   
$
137,156
 
International
   
 
54,139
 
   
 
45,168
 
   
 
104,666
 
   
 
87,169
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Total revenue
   
 
130,517
 
   
 
115,000
 
   
 
258,822
 
   
 
224,325