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Segment Information
12 Months Ended
Apr. 30, 2023
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, casework, flexible systems, worksurfaces, workstations, workbenches, and computer enclosures. The International business segment, which consists of the foreign subsidiaries identified in Note 1, Summary of Significant Accounting Policies, 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 are net of expenses that have been allocated to the business segments.
The following table shows revenues, earnings, and other financial information by business segment and unallocated corporate expenses for each of the years ended April 30:
$ in thousandsDomesticInternationalCorporateTotal
Fiscal Year 2023
Revenues from external customers$146,716 $72,778 $ $219,494 
Intersegment revenues1,604 9,822 (11,426) 
Depreciation2,394 282 191 2,867 
Earnings (loss) before income taxes3,408 7,382 (6,292)4,498 
Income tax expense 2,250 889 3,139 
Net earnings attributable to non-controlling interest 621  621 
Net earnings (loss) attributable to Kewaunee Scientific Corporation3,408 4,511 (7,181)738 
Segment assets80,000 38,898  118,898 
Expenditures for segment assets2,856 1,292  4,148 
Revenues (excluding intersegment) from customers in foreign countries2,559 72,778  75,337 
Fiscal Year 2022
Revenues from external customers$126,848 $42,024 $— $168,872 
Intersegment revenues882 3,519 (4,401)— 
Depreciation2,402 276 91 2,769 
Earnings (loss) before income taxes(179)3,585 (5,891)(2,485)
Income tax expense50 1,129 2,339 3,518 
Net earnings attributable to non-controlling interest— 123 — 123 
Net earnings (loss) attributable to Kewaunee Scientific Corporation(229)2,333 (8,230)(6,126)
Segment assets91,757 27,016 — 118,773 
Expenditures for segment assets1,613 295 — 1,908 
Revenues (excluding intersegment) from customers in foreign countries1,317 42,024 — 43,341