XML 43 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
REVENUES FROM CONTRACTS WITH CUSTOMERS (Tables)
12 Months Ended
Dec. 31, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of Changes in Contract Assets and Contract Liabilities
The following table summarized the changes in the contract asset and liability balances for the year ended December 31, 2018:
 
 
Total
 
(amounts in thousands)
Contract Asset
 
 
Contract asset, January 1, 2018
 
$
3,552

Transferred to trade receivable of contract asset included
     in beginning of the year contract asset
 
(3,552
)
Contract asset, net of transferred to trade receivables on contracts during the period
 
4,193

Contract asset, December 31, 2018
 
$
4,193

 
 
 
Contract Liability
 
 
Contract liability, January 1, 2018
 
$
11,059

Recognition of revenue included in beginning of year contract liability
 
(3,081
)
Contract liability, net of revenue recognized on contracts during the period
 
4,780

Foreign currency translation
 
(42
)
Contract liability, December 31, 2018
 
$
12,716

Schedule of Disaggregation of Revenue
The following table presents revenues disaggregated by the major sources of revenues for the years-ended December 31, 2018 and 2017 (amounts in thousands):
 
Year Ended December 31, 2018
Year Ended December 31, 2017
Year Ended December 31, 2016
 
(amounts in thousands)
 
Neurosurgery
684,148

446,994

367,985

Precision Tools and Instruments
279,781

$
273,307

$
264,539

Total Codman Specialty Surgical
963,929

720,301

632,524

 
 
 
 
Wound Reconstruction
305,465

269,068

178,524

Extremity Orthopedics
96,688

98,876

97,067

Private Label
106,359

99,991

83,960

Total Orthopedics and Tissue Technologies
508,512

467,935

359,551

Total revenue
$
1,472,441

$
1,188,236

$
992,075

Schedule of Impact on Statement of Operations
The impact of adoption of Topic 606 to the Company's consolidated statement of operations for the year ended December 31, 2018 was as follows:
 
Year Ended December 31, 2018
 
As Reported
Excluding Impact of Topic 606
 
(Amounts in thousands)
Statement of Operations
 
 
Total revenue, net
$
1,472,441

$
1,468,075

Cost of goods sold
571,496

570,028

Income tax benefit
(3,398
)
(4,119
)
Net income
60,801

58,624