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Segment and Geographic Information
 3 Months Ended
Aug. 31, 2023
Segment Reporting [Abstract]  
Segment and Geographic Information SEGMENT AND GEOGRAPHIC INFORMATION
Segment information
The Company regularly reviews its segments and the approach used by the chief operating decision maker, the President and Chief Executive Officer ("CEO"), and management to evaluate performance and allocate resources. The Company manages its operations through two segments, Med Tech and Med Device. The CEO evaluates these two segments based on net sales and gross margin to, among other items, allocate resources and assess performance. Executives reporting to the CEO include those responsible for commercial operations, manufacturing operations, regulatory and quality and certain corporate functions. The CEO evaluates all other elements of profitability, investment and cash flow metrics on a consolidated global basis due to shared infrastructure and resources.
The Company manages its assets on a total company basis, not by operating segment; therefore, the CEO does not review any asset information by operating segment and, accordingly, asset information is not reported or evaluated by operating segment. Total assets were $493.9 million as of August 31, 2023.
The table below summarizes net sales and gross margin by Med Tech and Med Device:
Three Months Ended
(in thousands)Aug 31, 2023Aug 31, 2022
Med Tech Net Sales$25,860 $22,817 
Gross profit 16,727 14,429 
Gross margin 64.7 %63.2 %
Med Device Net Sales$52,819 $58,720 
Gross profit 23,333 27,876 
Gross margin 44.2 %47.5 %
Total Net Sales$78,679 $81,537 
Gross profit40,060 42,305 
Gross margin50.9 %51.9 %
Geographic information
The table below summarizes net sales by geographic area based on external customer location:
Three Months Ended
(in thousands)Aug 31, 2023Aug 31, 2022
Net Sales
United States$64,399 $69,023 
International14,280 12,514 
Total$78,679 $81,537 
For the three months ended August 31, 2023 and 2022, international sales as a percentage of total net sales were 18.1% and 15.3%, respectively. Sales to any one country outside the U.S., as determined by shipment destination, did not comprise a material portion of net sales in any of the last three fiscal years. In addition, no one customer represents more than 10% of consolidated net sales and 83% of long-lived assets are located within the United States.