XML 39 R27.htm IDEA: XBRL DOCUMENT v3.23.2
Segment Information (Tables)
12 Months Ended
May 31, 2023
Segment Information

Segment information is as follows:

 

 

Food Safety

 

 

Animal Safety

 

 

Corporate and
Eliminations
(1)

 

 

Total

 

Fiscal 2023

 

 

 

 

 

 

 

 

 

 

 

 

Product revenues, net to external customers

 

$

518,488

 

 

$

196,588

 

 

$

 

 

$

715,076

 

Service revenues, net to external customers

 

 

28,309

 

 

 

79,062

 

 

 

 

 

 

107,371

 

Total revenues to external customers

 

 

546,797

 

 

 

275,650

 

 

 

 

 

 

822,447

 

Operating income (loss)

 

 

60,414

 

 

 

43,332

 

 

 

(66,231

)

 

 

37,515

 

Depreciation and amortization

 

 

76,841

 

 

 

11,536

 

 

 

 

 

 

88,377

 

Interest expense

 

 

 

 

 

 

 

 

55,961

 

 

 

55,961

 

Total assets

 

 

3,970,356

 

 

 

338,507

 

 

 

245,569

 

 

 

4,554,432

 

Expenditures for long-lived assets

 

 

52,169

 

 

 

13,588

 

 

 

 

 

 

65,757

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2022

 

 

 

 

 

 

 

 

 

 

 

 

Product revenues, net to external customers

 

$

231,626

 

 

$

193,038

 

 

$

 

 

$

424,664

 

Service revenues, net to external customers

 

 

28,353

 

 

 

74,142

 

 

 

 

 

 

102,495

 

Total revenues to external customers

 

 

259,979

 

 

 

267,180

 

 

 

 

 

 

527,159

 

Operating income (loss)

 

 

38,581

 

 

 

52,546

 

 

 

(32,509

)

 

 

58,618

 

Depreciation and amortization

 

 

13,386

 

 

 

10,308

 

 

 

 

 

 

23,694

 

Interest expense

 

 

 

 

 

 

 

 

72

 

 

 

72

 

Total assets

 

 

304,461

 

 

 

307,417

 

 

 

381,051

 

 

 

992,929

 

Expenditures for long-lived assets

 

 

7,842

 

 

 

16,939

 

 

 

 

 

 

24,781

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2021

 

 

 

 

 

 

 

 

 

 

 

 

Product revenues, net to external customers

 

$

209,104

 

 

$

167,198

 

 

$

 

 

$

376,302

 

Service revenues, net to external customers

 

 

25,140

 

 

 

67,017

 

 

 

 

 

 

92,157

 

Total revenues to external customers

 

 

234,244

 

 

 

234,215

 

 

 

 

 

 

468,459

 

Operating income (loss)

 

 

33,725

 

 

 

48,685

 

 

 

(8,241

)

 

 

74,169

 

Depreciation and amortization

 

 

11,575

 

 

 

9,466

 

 

 

 

 

 

21,041

 

Interest expense

 

 

 

 

 

 

 

 

78

 

 

 

78

 

Total assets

 

 

295,065

 

 

 

244,039

 

 

 

381,088

 

 

 

920,192

 

Expenditures for long-lived assets

 

 

13,730

 

 

 

12,982

 

 

 

 

 

 

26,712

 

 

(1)
Includes corporate assets, including 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.
Disaggregated Revenue The following table presents the Company’s revenue disaggregated by geographical location.

 

 

Year ended May 31

 

 

 

2023

 

 

2022

 

 

2021

 

Domestic

 

$

424,005

 

 

$

317,820

 

 

$

285,262

 

International

 

 

398,442

 

 

 

209,339

 

 

 

183,197

 

Total revenue

 

$

822,447

 

 

$

527,159

 

 

$

468,459

 

Disaggregated Property and Equipment Net

The following table presents the Company's net property and equipment amounts disaggregated by country.

 

 

Year ended May 31

 

 

 

2023

 

 

2022

 

United States

 

$

130,967

 

 

$

63,313

 

United Kingdom

 

 

20,123

 

 

 

14,204

 

Other

 

 

47,659

 

 

 

33,067

 

Total PPE

 

$

198,749

 

 

$

110,584