Note 11 - Segment Reporting

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 11 – 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. 

Revenue and income from operations by reportable segment for the three months ended March 31, 2020 and 2019 were as follows:

	Three Months Ended March 31,
(in thousands)	2020		2019
Revenue:
United States	$	90,076	$	87,811
Europe		20,787		21,254
Japan		4,245		4,387
Total revenue	$	115,108	$	113,452

	Three Months Ended March 31,
(in thousands)	2020			2019
Income from Operations:
United States	$	25,089		$	26,310
Europe		4,364			4,221
Corporate Unallocated and Japan		(12,628	)		(11,083	)
Total Income from Operations	$	16,825		$	19,448

Total long-lived assets at  March 31, 2020 and December 31, 2019 were as follows:

	March 31,		December 31,
(in thousands)	2020		2019
Total long-lived assets:
United States	$	215,691	$	210,171
Europe		43,984		45,019
Japan		8,326		8,522
Total Assets	$	268,001	$	263,712