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Segment Information and Geographic Data (Tables) | 9 Months Ended
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Feb. 28, 2025
Segment Information | Segment information follows:
|  | Food Safety |  |  | Animal Safety |  |  | Corporate and Eliminations (1) |  |  | Total |
As of and during the three months ended February 28, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Product revenues to external customers |  | $ | 145,248 |  |  | $ | 51,240 |  |  | $ | — |  |  | $ | 196,488 |
Service revenues to external customers |  |  | 7,483 |  |  |  | 17,009 |  |  |  | — |  |  |  | 24,492 |
Total revenues to external customers |  | $ | 152,731 |  |  | $ | 68,249 |  |  | $ | — |  |  | $ | 220,980 |
Operating income (loss) |  | $ | 19,315 |  |  | $ | 6,750 |  |  | $ | (20,650 | ) |  | $ | 5,415 |
Total assets |  | $ | 3,566,450 |  |  | $ | 342,181 |  |  | $ | 127,705 |  |  | $ | 4,036,336 |
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 |
(1) Includes corporate assets, including cash and cash equivalents, current and deferred tax accounts and overhead expenses not allocated to specific business segments, and excludes intersegment transactions.
|  | Food Safety |  |  | Animal Safety |  |  | Corporate and Eliminations (1) |  |  | Total |
During the nine months ended February 28, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Product revenues to external customers |  | $ | 452,974 |  |  | $ | 143,581 |  |  | $ | — |  |  | $ | 596,555 |
Service revenues to external customers |  |  | 23,340 |  |  |  | 49,307 |  |  |  | — |  |  |  | 72,647 |
Total revenues to external customers |  | $ | 476,314 |  |  | $ | 192,888 |  |  | $ | — |  |  | $ | 669,202 |
Operating (loss) income |  | $ | (399,578 | ) |  | $ | 8,977 |  |  | $ | (59,211 | ) |  | $ | (449,812 | )
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 |
(1) Excludes intersegment transactions.
Disaggregated Revenue | 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 |

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- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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