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v3.25.1

Revenue Recognition (Tables) | 9 Months Ended
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Feb. 28, 2025
Summary of Contract Liabilities by Period | The following table summarizes contract liabilities by period:
|  | Three months ended February 28/29, |  |  | Nine months ended February 28/29, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Beginning balance |  | $ | 5,651 |  |  | $ | 4,679 |  |  | $ | 4,632 |  |  | $ | 4,616 |
Additions |  |  | 3,021 |  |  |  | 5,116 |  |  |  | 10,425 |  |  |  | 11,094 |
Recognized into revenue |  |  | (2,903 | ) |  |  | (4,309 | ) |  |  | (9,288 | ) |  |  | (10,224 | )
Ending balance |  | $ | 5,769 |  |  | $ | 5,486 |  |  | $ | 5,769 |  |  | $ | 5,486 |
Summary of Disaggregated Revenue by Geographic Location | The following table presents the Company’s revenue disaggregated by geographic location:
|  | Three months ended February 28/29, |  |  | Nine months ended February 28/29, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Domestic |  | $ | 115,365 |  |  | $ | 124,226 |  |  | $ | 333,509 |  |  | $ | 348,848 |
International |  |  | 105,615 |  |  |  | 104,586 |  |  |  | 335,693 |  |  |  | 338,580 |
Total revenue |  | $ | 220,980 |  |  | $ | 228,812 |  |  | $ | 669,202 |  |  | $ | 687,428 |
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 nine months ended February 28, 2025 and February 29, 2024
|  | Three months ended February 28/29, |  |  | Nine months ended February 28/29, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Food Safety |  |  |  |  |  |  |  |  |  |  |  |
Natural Toxins & Allergens |  | $ | 17,595 |  |  | $ | 19,738 |  |  | $ | 58,479 |  |  | $ | 63,116 |
Bacterial & General Sanitation |  |  | 39,882 |  |  |  | 40,395 |  |  |  | 122,317 |  |  |  | 128,393 |
Indicator Testing, Culture Media & Other |  |  | 77,744 |  |  |  | 81,168 |  |  |  | 242,710 |  |  |  | 246,812 |
Biosecurity Products |  |  | 11,815 |  |  |  | 10,136 |  |  |  | 35,717 |  |  |  | 32,180 |
Genomics Services |  |  | 5,695 |  |  |  | 6,317 |  |  |  | 17,091 |  |  |  | 17,934 |
|  | $ | 152,731 |  |  | $ | 157,754 |  |  | $ | 476,314 |  |  | $ | 488,435 |
Animal Safety |  |  |  |  |  |  |  |  |  |  |  |
Life Sciences |  | $ | 1,504 |  |  | $ | 1,372 |  |  | $ | 4,864 |  |  | $ | 4,710 |
Veterinary Instruments & Disposables |  |  | 15,412 |  |  |  | 17,976 |  |  |  | 45,209 |  |  |  | 47,845 |
Animal Care & Other |  |  | 10,497 |  |  |  | 10,066 |  |  |  | 26,951 |  |  |  | 27,226 |
Biosecurity Products |  |  | 23,827 |  |  |  | 23,055 |  |  |  | 66,557 |  |  |  | 65,694 |
Genomics Services |  |  | 17,009 |  |  |  | 18,589 |  |  |  | 49,307 |  |  |  | 53,518 |
|  |  | 68,249 |  |  |  | 71,058 |  |  |  | 192,888 |  |  |  | 198,993 |
Total Revenues |  | $ | 220,980 |  |  | $ | 228,812 |  |  | $ | 669,202 |  |  | $ | 687,428 |

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