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Segment Information

12 Months Ended

Apr. 30, 2019

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s operations are classified into two business segments: Domestic and International. The Domestic business segment principally designs, manufactures, and installs scientific and technical furniture, including steel and wood laboratory cabinetry, fume hoods, laminate casework, flexible systems, worksurfaces, workstations, workbenches, and computer enclosures. The International business segment, which consists of the foreign subsidiaries as identified in Note 1, provides the Company’s products and services, including facility design, detailed engineering, construction, and project management from the planning stage through testing and commissioning of laboratories.

Intersegment transactions are recorded at normal profit margins. All intercompany balances and transactions have been eliminated. Certain corporate expenses shown below have not been allocated to the business segments.

The following table shows revenues, earnings, and other financial information by business segment for each of the years ended April 30:

$ in thousands		Domestic				International				Corporate				Total
Fiscal Year 2019
Revenues from external customers		$	116,586			$	29,964			$	—			$	146,550
Intersegment revenues		2,511				3,329				(5,840		)		—
Depreciation		2,299				272				—				2,571
Earnings (loss) before income taxes		4,971				3,374				(6,211		)		2,134
Income tax expense (benefit)		935				1,003				(1,492		)		446
Net earnings attributable to noncontrolling interest		—				159				—				159
Net earnings (loss) attributable to Kewaunee Scientific Corporation		4,036				2,212				(4,719		)		1,529
Segment assets		59,840				27,383				—				87,223
Expenditures for segment assets		4,015				198				—				4,213
Revenues (excluding intersegment) from customers in foreign countries		3,618				29,964				—				33,582
Fiscal Year 2018 (as adjusted)
Revenues from external customers		$	114,594			$	43,456			$	—			$	158,050
Intersegment revenues		11,333				4,104				(15,437		)		—
Depreciation		2,532				229				—				2,761
Earnings (loss) before income taxes		10,871				4,986				(6,238		)		9,619
Income tax expense (benefit)		5,938				1,656				(3,433		)		4,161
Net earnings attributable to noncontrolling interest		—				177				—				177
Net earnings (loss) attributable to Kewaunee Scientific Corporation		4,933				3,153				(2,805		)		5,281
Segment assets		61,604				23,479				—				85,083
Expenditures for segment assets		2,826				569				—				3,395
Revenues (excluding intersegment) from customers in foreign countries		1,468				43,456				—				44,924

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- References

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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