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Revenue Recognition (Tables)

6 Months Ended

Nov. 30, 2024

Summary of Contract Liabilities by Period

The following table summarizes contract liabilities by period:

		Three months ended November 30,								Six months ended November 30,
		2024				2023				2024				2023
Beginning balance		$	5,635			$	3,789			$	4,632			$	4,616
Additions			4,326				4,121				7,404				5,978
Recognized into revenue			(4,310	)			(3,231	)			(6,385	)			(5,915	)
Ending balance		$	5,651			$	4,679			$	5,651			$	4,679

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,
		2024				2023				2024				2023
Domestic		$	113,761			$	113,554			$	218,144			$	224,622
International			117,497				116,075				230,078				233,994
Total revenue		$	231,258			$	229,629			$	448,222			$	458,616

Operating Segments

Summary of Disaggregated Revenue by Geographic Location

The following table presents disaggregated revenue by major product and service categories during the three and six months ended November 30, 2024 and 2023:

		Three months ended November 30,								Six months ended November 30,
		2024				2023				2024				2023
Food Safety
Natural Toxins & Allergens		$	20,508			$	21,110			$	40,884			$	43,378
Bacterial & General Sanitation			42,536				42,774				82,435				87,998
Indicator Testing, Culture Media & Other			83,263				83,758				164,966				165,644
Biosecurity Products			12,123				10,954				23,902				22,044
Genomics Services			5,808				5,807				11,396				11,617
		$	164,238			$	164,403			$	323,583			$	330,681
Animal Safety
Life Sciences		$	1,627			$	1,677			$	3,360			$	3,338
Veterinary Instruments & Disposables			17,274				16,937				29,797				29,869
Animal Care & Other			9,775				8,985				16,454				17,160
Biosecurity Products			21,924				19,953				42,730				42,639
Genomics Services			16,420				17,674				32,298				34,929
			67,020				65,226				124,639				127,935
Total Revenues		$	231,258			$	229,629			$	448,222			$	458,616

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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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

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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