Note 18. Segment and Geographic Information

12 Months Ended

May 31, 2012

Segment Reporting Disclosure [Text Block]

18.   SEGMENT AND GEOGRAPHIC INFORMATION

The Company’s operations and segments are organized around geographic areas. The foreign locations principally function as distributors of products developed and manufactured by the Company in North America. The accounting policies applied in the preparation of the Company’s consolidated financial statements are applied consistently across all segments. Intersegment sales are recorded at market price and are eliminated in consolidation.

Net sales by product group, segment information and net export sales for the twelve months ended May 31, 2012, separated into Predecessor and Successor periods, and the twelve months ended May 31, 2011 and May 31, 2010 is summarized below (in thousands).

Net Sales

	Successor		Predecessor
	August 20, 2011		June 1, 2011		For the Year Ended May 31,
	Through May 31, 2012		through August 19, 2011		2011		2010
Sales by product group
Traditional reagents	$	151,644	$	42,936	$	199,826	$	207,710
Capture reagents		69,174		21,239		82,366		77,003
Instruments		36,228		9,457		45,112		39,680
Molecular immunohematology		4,768		1,278		5,787		4,680
Net sales	$	261,814	$	74,910	$	333,091	$	329,073

 Segment Information for the Year to Date

	Successor
	August 20, 2011 through May 31, 2012
	U.S.			Europe		Other		Elims			Consolidated
Sales:
Unaffiliated customers	$	178,875		$	55,495	$	27,444	$	-		$	261,814
Affiliates		20,590			14,264		324		(35,178	)		-
Net Sales	$	199,465		$	69,759	$	27,768	$	(35,178	)	$	261,814
(Loss) income from operations	$	(6,726	)	$	2,708	$	243	$	(824	)	$	(4,599	)
Depreciation		10,357			4,532		632		-			15,521
Amortization		37,334			1,304		586		-			39,224
Income tax expense (benefit)		(32,414	)		1,067		89		(288	)		(31,546	)
Interest income		-			6		1		-			7
Interest expense		77,046			2		-		-			77,048
Certain litigation expenses		22,000			-		-		-			22,000
Capital expenditures		4,422			790		752		-			5,964
Property & equipment, net		45,509			14,393		4,760		-			64,662
Goodwill		910,171			32,977		23,190		-			966,338
Intangible assets		692,625			29,066		13,831		-			735,522
Total assets at period end		2,013,165			134,905		56,632		(255,549	)		1,949,153

	Predecessor
	June 1, 2011 through August 19, 2011
	U.S.			Europe		Other		Elims			Consolidated
Sales:
Unaffiliated customers	$	52,364		$	15,100	$	7,446	$	-		$	74,910
Affiliates		3,679			3,992		110		(7,781	)		-
Net Sales	$	56,043		$	19,092	$	7,556	$	(7,781	)	$	74,910
(Loss) income from operations	$	(10,298	)	$	1,619	$	2,171	$	-		$	(6,508	)
Depreciation		2,106			1,123		161		-			3,390
Amortization		874			36		21		-			931
Income tax expense (benefit)		(89	)		637		2,145		(12	)		2,681
Interest income		47			40		55		-			142
Capital expenditures		545			1,386		334		-			2,265
Property & equipment, net		40,684			13,755		4,147		-			58,586
Goodwill		70,946			7,239		15,880		-			94,065
Intangible assets		45,871			1,139		6,592		-			53,602
Total assets at period end		732,603			92,440		39,199		(211,847	)		652,395

	Predecessor
	For the Year Ended May 31, 2011
	U.S.		Europe		Other			Elims			Consolidated
Sales:
Unaffiliated customers	$	232,965	$	68,569	$	31,557		$	-		$	333,091
Affiliates		15,950		16,300		323			(32,573	)		-
Net Sales	$	248,915	$	84,869	$	31,880		$	(32,573	)	$	333,091
Income from operations	$	100,774	$	13,397	$	11,819		$	7		$	125,997
Depreciation		9,093		4,258		529			-			13,880
Amortization		4,084		160		89			-			4,333
Income tax expense (benefit)		33,322		4,171		3,802			8			41,303
Interest income		279		234		193			-			706
Interest expense		57		14		(1	)		-			70
Capital expenditures		6,717		407		1,937			-			9,061
Property & equipment, net		39,957		14,318		3,941			-			58,216
Goodwill		70,946		7,214		15,607			-			93,767
Intangible assets		46,745		1,169		6,219			-			54,133
Total assets at period end		677,861		92,866		64,992			(202,592	)		633,127

	Predecessor
	For the Year Ended May 31, 2010
	U.S.		Europe		Other		Elims			Consolidated
Sales:
Unaffiliated customers	$	236,255	$	65,096	$	27,722	$	-		$	329,073
Affiliates		17,291		14,508		280		(32,079	)		-
Net Sales	$	253,546	$	79,604	$	28,002	$	(32,079	)	$	329,073
Income from operations	$	105,447	$	9,698	$	9,782	$	415		$	125,342
Depreciation		7,879		3,956		456		-			12,291
Amortization		4,034		162		82		-			4,278
Income tax expense (benefit)		36,271		3,214		2,879		265			42,629
Interest income		221		177		56		-			454
Interest expense		18		15		-		-			33
Capital expenditures		5,753		361		190		-			6,304
Property & equipment, net		36,334		10,945		1,890		-			49,169
Goodwill		73,881		6,235		14,220		-			94,336
Intangible assets		50,828		1,181		5,619		-			57,628
Total assets at period end		594,005		69,151		51,337		(194,659	)		519,834

Net Export Sales

	Successor		Predecessor
	August 20, 2011		June 1, 2011		For the Year Ended May 31,
	through May 31, 2012		through August 19, 2011		2011		2010
	(in thousands)		(in thousands)
United States	$	5,426	$	1,417	$	6,100	$	5,378
Europe		5,806		964		6,609		5,947
Other		2,708		526		2,269		2,073
Total net export sales	$	13,940	$	2,907	$	14,978	$	13,398