Segment Information and Geographic Data (Tables)

9 Months Ended

Feb. 29, 2024

Schedule of Segment Information

Segment information follows:

	Food Safety		Animal Safety		Corporate and Eliminations (1)			Total
As of and during the three months ended February 29, 2024
Product revenues to external customers	$	149,709	$	52,469	$	—		$	202,178
Service revenues to external customers		8,045		18,589		—			26,634
Total revenues to external customers	$	157,754	$	71,058	$	—		$	228,812
Operating income (loss)	$	15,915	$	14,781	$	(18,673	)	$	12,023
Total assets	$	4,071,831	$	344,205	$	166,456		$	4,582,492
As of and during the three months ended February 28, 2023
Product revenues to external customers	$	144,843	$	45,845	$	—		$	190,688
Service revenues to external customers		6,699		20,868		—			27,567
Total revenues to external customers	$	151,542	$	66,713	$	—		$	218,255
Operating income (loss)	$	11,011	$	10,752	$	(6,079	)	$	15,684
Total assets	$	3,975,921	$	349,628	$	183,215		$	4,508,764

(1)Includes corporate assets, consisting principally of cash and cash equivalents, marketable securities, current and deferred tax accounts and overhead expenses not allocated to specific business segments. Also includes the elimination of intersegment transactions.

	Food Safety		Animal Safety		Corporate and Eliminations (1)			Total
As of and during the nine months ended February 29, 2024
Product revenues to external customers	$	464,973	$	145,475	$	—		$	610,448
Service revenues to external customers		23,462		53,518		—			76,980
Total revenues to external customers	$	488,435	$	198,993	$	—		$	687,428
Operating income (loss)	$	62,485	$	30,876	$	(47,738	)	$	45,623
As of and during the nine months ended February 28, 2023
Product revenues to external customers	$	356,856	$	143,941	$	—		$	500,797
Service revenues to external customers		20,672		59,168		—			79,840
Total revenues to external customers		377,528		203,109		-			580,637
Operating income (loss)		41,053		35,439		(62,402	)		14,090

(1)Includes the elimination of intersegment transactions.

Summary of Disaggregated Revenue by Geographic Location

The following table presents the Company’s revenue disaggregated by geographic location:

	Three Months Ended February 29/28,				Nine Months Ended February 29/28,
	2024		2023		2024		2023
Domestic	$	124,226	$	109,919	$	348,848	$	304,974
International		104,586		108,336		338,580		275,663
Total revenue	$	228,812	$	218,255	$	687,428	$	580,637