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Segment and Geographic Information
 3 Months Ended
Aug. 31, 2024
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 $293.6 million as of August 31, 2024.
The table below summarizes net sales and gross margin by Med Tech and Med Device:
Three Months Ended
(in thousands)Aug 31, 2024Aug 31, 2023
Med Tech net sales$27,969 $25,860 
Gross profit 17,697 16,727 
Gross margin 63.3 %64.7 %
Med Device net sales$39,522 $52,819 
Gross profit 19,027 23,333 
Gross margin 48.1 %44.2 %
Total net sales$67,491 $78,679 
Gross profit36,724 40,060 
Gross margin54.4 %50.9 %
Geographic information
The table below summarizes net sales by geographic area based on external customer location:
Three Months Ended
(in thousands)Aug 31, 2024Aug 31, 2023
Net Sales
United States$59,481 $64,399 
International8,010 14,280 
Total$67,491 $78,679 
For the three months ended August 31, 2024 and 2023, international sales as a percentage of total net sales were 11.9% and 18.1%, 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 66% of long-lived assets are located within the United States.