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Segment Information
 12 Months Ended
May 31, 2022
Segment Information
11. 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 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.
Neogen’s international operations in the United Kingdom, Mexico, Guatemala, Brazil, Argentina, Uruguay, Chile, China and India originally focused on the sales and marketing of our food safety products, and each of these units reports through the Food Safety segment. In recent years, these operations have expanded to offer the Company’s 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 is as follows:

(in thousands)
  
Food Safety
 
  
Animal Safety
 
  
Corporate and
Eliminations (1)
 
  
Total
 
Fiscal 2022
  
      
  
      
  
      
  
      
Product revenues to external customers
   
$
 231,626     
$
 193,038      $ —        $ 424,664  
Service revenues to external customers
      28,353        74,142        —          102,495  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total revenues to external customers
      259,979        267,180        —          527,159  
Operating income (loss)
      38,581        52,546        (32,509 )      58,618  
Depreciation and amortization
      13,386        10,308        —          23,694  
Total assets
      304,461        307,417        381,051        992,929  
Expenditures for long-lived assets
      7,842        16,939        —          24,781  
Fiscal 2021
                                    
Product revenues to external customers
    $ 209,104      $ 167,198      $ —        $ 376,302  
Service revenues to external customers
      25,140        67,017        —          92,157  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total revenues to external customers
      234,244        234,215        —          468,459  
Operating income (loss)
      33,725        48,685        (8,241 )       74,169  
Depreciation and amortization
      11,575        9,466        —          21,041  
Total assets
      295,065        244,039        381,088        920,192  
Expenditures for long-lived assets
      13,730        12,982        —          26,712  
Fiscal 2020
                                    
Product revenues to external customers
    $ 189,893      $ 145,646      $ —        $ 335,539  
Service revenues to external customers
      22,798        59,833        —          82,631  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total revenues to external customers
      212,691        205,479        —          418,170  
Operating income (loss)
      33,526        39,051        (5,054 )       67,523  
Depreciation and amortization
      10,173        8,223        —          18,396  
Total assets
      222,331        231,178        343,673        797,182  
Expenditures for long-lived assets
      15,867        8,185        —          24,052  
 
(1)
Includes corporate assets, including 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 and non-controlling interests.
The following table presents the Company’s revenue disaggregated by geographical location:
 
    
Year ended May 31
  
(in thousands)
   
2022
     
2021
  
Domestic
    $ 317,820      $ 285,262  
International
      209,339        183,197  
    
 
 
     
 
 
  
Total revenue
    $ 527,159      $ 468,459