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Segment Information
3 Months Ended
Mar. 31, 2018
Segment Information  
Segment Information

Note 9. Segment Information

 

The Company operates in one business segment, which primarily focuses on the development and global commercialization of genomic-based clinical laboratory services that analyze the underlying biology of cancer, allowing physicians and patients to make individualized treatment decisions. The Company’s Oncotype DX breast, colon and prostate cancer tests have similar economic and other characteristics, including the nature of the products and production processes, type of customers, distribution methods and regulatory environment. As of March 31, 2018, the majority of the Company’s product revenues have been derived from sales of one product, the Oncotype DX breast cancer test.

 

The Company adopted the requirements of Topic 606 on January 1, 2018 using the modified retrospective method, therefore there is a lack of comparability to the prior period presented. See Recently Adopted Accounting Pronouncements in Note 1 for additional information.

 

The following table summarizes total revenue from customers by geographic region. Product revenues are attributed to countries based on ship-to location.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2018

 

2017

 

 

 

(In thousands)

 

United States

 

$

78,867

 

$

70,587

 

Outside of the United States

 

 

13,758

 

 

13,392

 

Total revenues

 

$

92,625

 

$

83,979