REVENUES FROM CONTRACTS WITH CUSTOMERS (Tables)

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Schedule of Changes in Contract Assets and Contract Liabilities

The following table summarizes the changes in the contract asset and liability balances for the six months ended June 30, 2019:

Contract Asset
Contract asset, January 1, 2019	$	4,193
Transferred to trade receivable of contract asset included      in beginning of the year contract asset	(4,193		)
Contract asset, net of transferred to trade receivables on contracts during the period	8,185
Contract asset, June 30, 2019	$	8,185
Contract Liability
Contract liability, January 1, 2019	$	12,716
Recognition of revenue included in beginning of year contract liability	(3,665		)
Contract liability, net of revenue recognized on contracts during the period	1,509
Contract liability, June 30, 2019	$	10,560

Schedule of Disaggregation of Revenue

The following table presents revenues disaggregated by the major sources of revenues for the three and six months ended June 30, 2019 and 2018 (amounts in thousands):

	Three Months Ended June 30, 2019		Three Months Ended June 30, 2018		Six Months Ended June 30, 2019		Six Months Ended June 30, 2018
	(amounts in thousands)
Neurosurgery	$	177,411	$	170,589	$	343,826	$	337,487
Precision Tools and Instruments	71,847		68,915		140,000		138,132
Total Codman Specialty Surgical	249,258		239,504		483,826		475,619
Wound Reconstruction and Care	82,282		78,311		157,245		150,598
Extremity Orthopedics	21,762		22,017		44,447		44,652
Private Label	30,343		26,358		57,817		52,403
Total Orthopedics and Tissue Technologies	134,387		126,686		259,509		247,653
Total revenue	$	383,645	$	366,190	$	743,335	$	723,272

Schedule of Impact on Statement of Operations

The impact of adoption in the year of implementation of Topic 606 to the Company's consolidated statement of operations for the three and six months ended June 30, 2018 was as follows:

	Three Months Ended June 30, 2018				Six Months Ended June 30, 2018
	As Reported		Excluding Impact of Topic 606		As Reported			Excluding Impact of Topic 606
	(Amounts in thousands)
Statement of Operations
Total revenue, net	$	366,190	$	363,381	$	723,272		$	719,420
Cost of goods sold	137,565		137,032		281,787			281,051
Income tax benefit	1,355		853		(505		)	(1,135		)
Net income	11,376		9,603		22,368			19,882