Note 9—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 six 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 three years ended April 30:


$ in thousands	Domestic		International		Corporate			Total
Fiscal Year 2018
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		10,732		4,986		(6,238	)		9,480
Income tax expense (benefit)		5,892		1,656		(3,433	)		4,115
Net earnings attributable to noncontrolling interest		—		177		—			177
Net earnings (loss) attributable to Kewaunee Scientific Corporation		4,840		3,153		(2,805	)		5,188
Segment assets		60,879		23,479		—			84,358
Expenditures for segment assets		2,826		569		—			3,395
Revenues (excluding intersegment) from customers in foreign countries		1,468		43,456		—			44,924

Fiscal Year 2017
Revenues from external customers	$	113,081	$	25,477	$	—		$	138,558
Intersegment revenues		4,463		3,691		(8,154	)		—
Depreciation		2,478		224		—			2,702
Earnings (loss) before income taxes		8,221		3,507		(4,982	)		6,746
Income tax expense (benefit)		2,522		1,199		(1,595	)		2,126
Net earnings attributable to noncontrolling interest		—		105		—			105
Net earnings (loss) attributable to Kewaunee Scientific Corporation		5,699		2,203		(3,387	)		4,515
Segment assets		57,246		23,670		—			80,916
Expenditures for segment assets		2,572		39		—			2,611
Revenues (excluding intersegment) from customers in foreign countries		1,568		25,477		—			27,045

Fiscal Year 2016
Revenues from external customers	$	103,047	$	25,579	$	—		$	128,626
Intersegment revenues		3,612		3,309		(6,921	)		—
Depreciation		2,375		217		—			2,592
Earnings (loss) before income taxes		7,471		2,738		(4,470	)		5,739
Income tax expense (benefit)		1,834		1,104		(1,076	)		1,862
Net earnings attributable to noncontrolling interest		—		75		—			75
Net earnings (loss) attributable to Kewaunee Scientific Corporation		5,637		1,559		(3,394	)		3,802
Segment assets		54,030		18,375		—			72,405
Expenditures for segment assets		1,995		192		—			2,187
Revenues (excluding intersegment) from customers in foreign countries		1,794		25,579		—			27,373