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Segment Information and Geographic Data (Tables)

9 Months Ended

Feb. 28, 2023

Schedule of Segment Information

Segment information follows:

(in thousands)		Food Safety				Animal Safety				Corporate and Eliminations (1)				Total
As of and during the three months ended February 28, 2023
Product revenues to external customers		$	144,843			$	45,845			$	—			$	190,688
Service revenues to external customers			6,699				20,868				—				27,567
Total revenues to external customers		$	151,542			$	66,713			$	—			$	218,255
Operating income (loss)		$	11,011			$	10,752			$	(6,079	)		$	15,684
Total assets		$	3,975,921			$	349,628			$	183,215			$	4,508,764
As of and during the three months ended February 28, 2022
Product revenues to external customers		$	55,372			$	46,194			$	—			$	101,566
Service revenues to external customers			7,384				19,294				—				26,678
Total revenues to external customers		$	62,756			$	65,488			$	—			$	128,244
Operating income (loss)		$	8,191			$	10,783			$	(12,597	)		$	6,377
Total assets		$	302,605			$	298,854			$	379,746			$	981,205

(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 during the nine months ended February 28, 2023
Product revenues to external customers		$	356,856			$	143,941			$	—			$	500,797
Service revenues to external customers			20,672				59,168				—				79,840
Total revenues to external customers		$	377,528			$	203,109			$	—			$	580,637
Operating income (loss)		$	41,053			$	35,439			$	(62,402	)		$	14,090
As of and during the nine months ended February 28, 2022
Product revenues to external customers		$	171,440			$	140,261			$	—			$	311,701
Service revenues to external customers			21,170				54,195				—				75,365
Total revenues to external customers		$	192,610			$	194,456			$	—			$	387,066
Operating income (loss)		$	29,216			$	36,246			$	(24,871	)		$	40,591

(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 February 28,								Nine Months Ended February 28,
(in thousands)		2023				2022				2023				2022
Domestic		$	109,919			$	77,297			$	304,974			$	231,454
International			108,336				50,947				275,663				155,612
Total revenue		$	218,255			$	128,244			$	580,637			$	387,066

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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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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.

+ References

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