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SEGMENT AND GEOGRAPHIC INFORMATION
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION
SEGMENT AND GEOGRAPHIC INFORMATION

In October 2017, the Company leveraged the globally recognized Codman name by rebranding the Specialty Surgical Solutions segment as Codman Specialty Surgical.

The Company internally manages two global reportable segments and reports the results of its businesses to its chief operating decision maker. The two reportable segments and their activities are described below.
The Codman Specialty Surgical segment includes (i) the Neurosurgery business, which sells a full line of products for neurosurgery and neuro critical care such as tissue ablation equipment, dural repair products, cerebral spinal fluid management devices, intracranial monitoring equipment, and cranial stabilization equipment and (ii) the precision tools and instruments business, which sells more than 60,000 instrument patterns and surgical and lighting products to hospitals, surgery centers, dental, podiatry, and veterinary offices.
The Orthopedics and Tissue Technologies segment includes such offerings as skin and wound repair, bone and joint fixation implants in the upper and lower extremities, bone grafts and nerve and tendon repair products.

The Corporate and other category includes (i) various executive, finance, human resource, information systems and legal functions, (ii) brand management, and (iii) share-based compensation costs.

The operating results of the various reportable segments as presented are not comparable to one another because (i) certain operating segments are more dependent than others on corporate functions for unallocated general and administrative and/or operational manufacturing functions, and (ii) the Company does not allocate certain manufacturing costs and general and administrative costs to the operating segment results. Net sales and profit by reportable segment for the three and nine months ended September 30, 2018 and 2017 are as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
Segment Net Sales
 
 
 
 
 
 
 
Codman Specialty Surgical
$
239,035

 
$
164,760

 
$
714,654

 
$
480,907

Orthopedics and Tissue Technologies
126,819

 
114,074

 
374,472

 
338,727

Total revenues
$
365,854

 
$
278,834

 
$
1,089,126

 
$
819,634

Segment Profit
 
 
 
 
 
 
 
Codman Specialty Surgical
$
91,871

 
$
68,289

 
$
272,480

 
$
198,242

Orthopedics and Tissue Technologies
35,515

 
30,411

 
105,094

 
88,500

Segment profit
127,386

 
98,700

 
377,574

 
286,742

Amortization
(5,268
)
 
(5,456)

 
(15,944)

 
(14,976)

Corporate and other
(98,441
)
 
(82,602
)
 
(284,740)

 
(234,180
)
Operating income
$
23,677

 
$
10,642

 
$
76,890

 
$
37,586



The Company does not allocate any assets to the reportable segments. No asset information is reported to the chief operating decision maker and disclosed in the financial information for each segment.

The Company attributes revenues to geographic areas based on the location of the customer. Total revenue by major geographic area consisted of the following:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
United States
$
260,870

 
$
213,685

 
$
769,509

 
$
634,047

Europe
47,472

 
32,609

 
150,650

 
93,924

Asia Pacific
37,022

 
16,887

 
108,304

 
48,540

Rest of World
20,490

 
15,653

 
60,663

 
43,123

Total Revenues
$
365,854

 
$
278,834

 
$
1,089,126

 
$
819,634