Note 12 - Segment Reporting

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 12 – Segment Reporting

The Company’s reportable segments are based on the internal reporting used by the Company’s Chief Executive Officer, who is the chief operating decision maker (CODM), to assess operating performance and make decisions about the allocation of resources. The Corporate Unallocated and Japan category includes non-reportable segments, as well as research and development and general and administrative costs that the Company does not allocate directly to its operating segments.

Intercompany transactions primarily relate to intercontinental activity and have been eliminated and are excluded from the reported amounts. The difference between income from operations and pre-tax income relates to foreign currency-related gains and losses and interest income on cash balances and investments, which are not allocated to business segments. 

Beginning in 2019, the Company's CODM made a decision to view certain research and development costs by geographic region. As a result, costs previously included in the Corporate Unallocated and Japan category have been included in the respective geographic regions.  All periods presented have been restated to reflect this change.

Revenue and income from operations by reportable segment for the three and six months ended June 30, 2019 and 2018 were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2019		2018		2019		2018
Revenue:
United States	$	91,149	$	86,354	$	178,960	$	170,521
Europe		20,940		20,213		42,194		40,158
Japan		3,843		3,085		8,230		6,718
Total revenue	$	115,932	$	109,652	$	229,384	$	217,397

	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	2019			2018			2019			2018
Income from Operations:
United States	$	27,948		$	29,256		$	54,258		$	58,099
Europe		3,756			4,009			7,977			7,371
Corporate Unallocated and Japan		(12,131	)		(11,281	)		(23,214	)		(21,758	)
Total Income from Operations	$	19,573		$	21,984		$	39,021		$	43,712

Total long-lived assets at June 30, 2019 and December 31, 2018 were as follows:

	June 30,		December 31,
(in thousands)	2019		2018
Total long-lived assets:
United States	$	200,709	$	185,979
Europe		40,027		34,577
Japan		8,080		7,445
Total Assets	$	248,816	$	228,001