Revenue from Contracts with Customers

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

3.   Revenue from Contracts with Customers. We recognize revenue when a customer obtains control of promised goods. The amount of revenue recognized reflects the consideration we expect to receive in exchange for these goods. Our revenue recognition policies have not changed from those disclosed in Note 1 to our consolidated financial statements in Item 8 of the 2022 Annual Report on Form 10-K.

Disaggregation of Revenue

Our revenue is disaggregated based on reporting segment, product category and geographical region. We design, develop, manufacture and market medical products for interventional and diagnostic procedures. For financial reporting purposes, we report our operations in two operating segments: cardiovascular and endoscopy. Our cardiovascular segment consists of four product categories: peripheral intervention, cardiac intervention, custom procedural solutions, and original equipment manufacturer (“OEM”). Within these product categories, we sell a variety of products, including cardiology and radiology devices (which assist in diagnosing and treating coronary arterial disease, peripheral vascular disease and other non-vascular diseases), as well as embolotherapeutic, cardiac rhythm management, electrophysiology, critical care, breast cancer localization and guidance, biopsy, and interventional oncology and spine devices. Our endoscopy segment consists of gastroenterology and pulmonology devices which assist in the palliative treatment of expanding esophageal, tracheobronchial and biliary strictures caused by malignant tumors.

The following tables present revenue from contracts with customers by reporting segment, product category and geographical region for the three-month periods ended March 31, 2023 and 2022 (in thousands):

	Three Months Ended						Three Months Ended
	March 31, 2023						March 31, 2022
	United States		International		Total		United States		International		Total
Cardiovascular
Peripheral Intervention	$	68,667	$	45,116	$	113,783	$	62,100		43,673	$	105,773
Cardiac Intervention		34,305		51,023		85,328		28,549		52,938		81,487
Custom Procedural Solutions		26,799		20,902		47,701		26,555		19,707		46,262
OEM		32,564		8,600		41,164		27,796		5,618		33,414
Total		162,335		125,641		287,976		145,000		121,936		266,936
Endoscopy
Endoscopy Devices		9,025		564		9,589		7,992		487		8,479
Total	$	171,360	$	126,205	$	297,565	$	152,992	$	122,423	$	275,415