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Segment Information and Geographic Data (Tables) | 9 Months Ended
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Feb. 29, 2024
Schedule of Segment Information | Segment information follows:
|  | Food Safety |  |  | Animal Safety |  |  | Corporate and Eliminations (1) |  |  | Total |
As of and during the three months ended February 29, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Product revenues to external customers |  | $ | 149,709 |  |  | $ | 52,469 |  |  | $ | — |  |  | $ | 202,178 |
Service revenues to external customers |  |  | 8,045 |  |  |  | 18,589 |  |  |  | — |  |  |  | 26,634 |
Total revenues to external customers |  | $ | 157,754 |  |  | $ | 71,058 |  |  | $ | — |  |  | $ | 228,812 |
Operating income (loss) |  | $ | 15,915 |  |  | $ | 14,781 |  |  | $ | (18,673 | ) |  | $ | 12,023 |
Total assets |  | $ | 4,071,831 |  |  | $ | 344,205 |  |  | $ | 166,456 |  |  | $ | 4,582,492 |
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 |
(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.
|  | Food Safety |  |  | Animal Safety |  |  | Corporate and Eliminations (1) |  |  | Total |
As of and during the nine months ended February 29, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Product revenues to external customers |  | $ | 464,973 |  |  | $ | 145,475 |  |  | $ | — |  |  | $ | 610,448 |
Service revenues to external customers |  |  | 23,462 |  |  |  | 53,518 |  |  |  | — |  |  |  | 76,980 |
Total revenues to external customers |  | $ | 488,435 |  |  | $ | 198,993 |  |  | $ | — |  |  | $ | 687,428 |
Operating income (loss) |  | $ | 62,485 |  |  | $ | 30,876 |  |  | $ | (47,738 | ) |  | $ | 45,623 |
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 |
(1) Includes the 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 29/28, |  |  | Nine Months Ended February 29/28, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Domestic |  | $ | 124,226 |  |  | $ | 109,919 |  |  | $ | 348,848 |  |  | $ | 304,974 |
International |  |  | 104,586 |  |  |  | 108,336 |  |  |  | 338,580 |  |  |  | 275,663 |
Total revenue |  | $ | 228,812 |  |  | $ | 218,255 |  |  | $ | 687,428 |  |  | $ | 580,637 |

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