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Segment Information and Geographic Data (Tables)

6 Months Ended

Nov. 30, 2022

Schedule of Segment Information

Segment information follows:

(in thousands)		Food Safety				Animal Safety				Corporate and Eliminations (1)				Total
As of and for the three months ended November 30, 2022
Product revenues to external customers		$	154,223			$	49,094			$	—			$	203,317
Service revenues to external customers			7,120				19,596				—				26,716
Total revenues to external customers		$	161,343			$	68,690			$	—			$	230,033
Operating income (loss)		$	21,446			$	12,806			$	(41,908	)		$	(7,656	)
Total assets		$	3,955,488			$	329,177			$	278,577			$	4,563,242
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

(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 six months ended November 30, 2022
Product revenues to external customers		$	212,013			$	98,096			$	—			$	310,109
Service revenues to external customers			13,973				38,300				—				52,273
Total revenues to external customers		$	225,986			$	136,396			$	—			$	362,382
Operating income (loss)		$	30,042			$	24,687			$	(56,323	)		$	(1,594	)
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

(1) Includes elimination of intersegment transactions.

Summary of Disaggregated Revenue by Geographic Location

The following table presents the Company’s revenue disaggregated by geographic location:

		Three months ended November 30,								Six months ended November 30,
(in thousands)		2022				2021				2022				2021
Domestic		$	114,413			$	76,378			$	195,055			$	154,156
International			115,620				54,139				167,327				104,666
Total revenue		$	230,033			$	130,517				362,382				258,822

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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-Name Accounting Standards Codification
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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