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SEGMENT AND GEOGRAPHIC INFORMATION
12 Months Ended
Dec. 31, 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 years ended December 31, 2018, 2017 and 2016 are as follows:
 
Years Ended December 31,
 
2018
 
2017
 
2016
 
(In thousands)
Segment Net Sales
 
 
 
 
 
Codman Specialty Surgical
$
963,929

 
$
720,301

 
$
632,524

Orthopedics and Tissue Technologies
508,512

 
467,935

 
359,551

Total revenues
$
1,472,441

 
$
1,188,236

 
$
992,075

Segment Profit
 
 
 
 
 
Codman Specialty Surgical
$
363,336

 
$
292,971

 
$
256,629

Orthopedics and Tissue Technologies
149,510

 
129,697

 
103,852

Segment profit
512,846

 
422,668

 
360,481

Amortization
(21,160)

 
(20,370)

 
(13,862)

Corporate and other
(380,688
)
 
(357,494
)
 
(231,279
)
Operating income
$
110,998

 
$
44,804

 
$
115,340


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 revenue to geographic areas based on the location of the customer. Total revenue, net and long-lived assets (tangible) by major geographic area are summarized below:
 
United States*
 
Europe
 
Asia Pacific
 
Rest of the World
 
Consolidated
 
(In thousands)
Total revenue, net:
 
 
 
 
 
 
 
 
 
2018
$
1,045,887

 
$
201,354

 
$
144,253

 
$
80,947

 
$
1,472,441

2017
894,260

 
150,147

 
80,636

 
63,193

 
1,188,236

2016
765,608

 
120,588

 
59,985

 
45,894

 
992,075

Total long-lived assets:
 
 
 
 
 
 
 
 
 
2018
$
280,382

 
$
32,679

 
$
3,765

 
$
3,203

 
$
320,029

2017
247,154

 
30,942

 
4,189

 
3,044

 
285,329

* Includes long-lived assets in Puerto Rico.