Company: NEOG
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001193125-25-235720
Chunk: 10

Company: NEOGEN CORP
Filing Date: 2025-10-09
Form: 10-Q
Item: Item 8
Chunk 10
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 the fiscal year ended May 31, 2025. New Accounting Pronouncements AdoptedSegment Reporting (Topic 280): Improvements to Reportable Segment Disclosures  In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which modifies the disclosure and presentation requirements of reportable segments. The amendments in the update require the disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (CODM) and included within each reported measure of segment profit and loss. The amendments also require disclosure of all other segment items by reportable segment and a description of its composition. Additionally, the amendments require disclosure of the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. We adopted this pronouncement and provided required interim disclosures in Note 5 "Segment Information and Geographic Data" to the condensed consolidated financial statements.  We adopted the interim requirements on June 1, 2025.