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Revenue Recognition (Tables)

9 Months Ended

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

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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