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Segment Information and Geographic Data
 3 Months Ended
Aug. 31, 2022
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:
 
(in thousands)
   
Food
Safety
     
Animal
Safety
     
Corporate and
Eliminations (1)
     
Total
  
As of and for the three months ended August 31, 2022
                                    
Product revenues to external customers
    $ 57,790      $ 49,002      $ —        $ 106,792  
Service revenues to external customers
      6,853        18,704        —          25,557  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total revenues to external customers
      64,643        67,706        —          132,349  
Operating income (loss)
      8,597        11,881        (14,416 )       6,062  
Total assets
      318,463        311,231        347,711        977,405  
         
As of and for the three months ended August 31, 2021
                                    
Product revenues to external customers
    $ 55,945      $ 48,068      $ —        $ 104,013  
Service revenues to external customers
      6,777        17,515        —          24,292  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total revenues to external customers
      62,722        65,583        —          128,305  
Operating income (loss)
      10,131        12,762        (1,148 )       21,745  
Total assets
      291,018        240,208        400,880        932,106  
 
(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.
The following table presents the Company’s revenue disaggregated by geographic location:
 
    
Three months ended
August 31,
  
(in thousands)
   
2022
     
2021
  
Domestic
    $ 80,642      $ 77,779  
International
      51,707        50,526  
    
 
 
     
 
 
  
Total revenue
   
$

132,349     
$

128,305