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Segment Reporting | 9 Months Ended
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Sep. 30, 2017
Segment Reporting [Abstract] |
Segment Reporting | Note 15. Segment Reporting Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision-maker (“CODM”), or decision-making group, in deciding how to allocate resources and in assessing performance. Our CODM is our Chief Executive Officer. Our reportable segments include diagnostic and information technology-based products and services for the veterinary market, which we refer to as the Companion Animal Group (“CAG”), water quality products (“Water”) and diagnostic products and services for livestock and poultry he alth and to ensure the quality and safety of milk and improve dairy efficiency, which we refer to as Livestock, Poultry and Dairy (“LPD”). Our Other operating segment combines and presents products for the human point-of-care medical diagnostics market with our pharmaceutical product line and our out-licensing arrangements because they do not meet the quantitative or qualitative thresholds for reportable segments. ﻿ Certain costs are not allocated to our operating segments and are instead reported under the caption “Unallocated Amounts.” These costs include costs that do not align with one of our existing operating segments or are cost prohibitive to allocate, which primarily consist of our R&D function, regional or country expenses, certain foreign currency revaluation gains and losses on monetary balances in currencies other than our subsidiaries’ functional currency and unusual items. Corporate support function costs (such as information technology, facilities, human resources, finance and legal), health benefits and incentive compensation are charged to our business segments at pre-determined budgeted amounts or rates. Differences from these pre-determined budgeted amounts or rates are captured within Unallocated Amounts. ﻿ The following is a summary of segment performance for the three and nine months ended September 30, 2017 and 2016 (in thousands): ﻿ ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | For the Three Months Ended September 30, |
﻿ |  |  | CAG |  | Water |  | LPD |  | Other |  | Unallocated Amounts |  | Consolidated Total |
﻿2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Revenue |  | $ | 426,686 |  | $ | 31,030 |  | $ | 28,396 |  | $ | 5,864 |  | $ | - |  | $ | 491,976 |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Income (loss) from operations |  | $ | 89,271 |  | $ | 14,505 |  | $ | 902 |  | $ | 2,114 |  | $ | (6,379) |  | $ | 100,413 |
﻿Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (8,364) |
﻿Income before provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 92,049 |
﻿Provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 21,535 |
﻿Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 70,514 |
﻿Less: Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3 |
﻿Net income attributable to IDEXX Laboratories, Inc. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 70,511 |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Revenue |  | $ | 385,288 |  | $ | 27,862 |  | $ | 29,799 |  | $ | 5,359 |  | $ | - |  | $ | 448,308 |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Income (loss) from operations |  | $ | 77,493 |  | $ | 12,442 |  | $ | 3,026 |  | $ | 1,008 |  | $ | (5,510) |  | $ | 88,459 |
﻿Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6,935) |
﻿Income before provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 81,524 |
﻿Provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 25,072 |
﻿Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 56,452 |
﻿Less: Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3) |
﻿Net income attributable to IDEXX Laboratories, Inc. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 56,455 |
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | For the Nine Months Ended September 30, |
﻿ |  |  | CAG |  | Water |  | LPD |  | Other |  | Unallocated Amounts |  | Consolidated Total |
﻿2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Revenue |  | $ | 1,269,861 |  | $ | 85,531 |  | $ | 91,266 |  | $ | 16,279 |  | $ | - |  | $ | 1,462,937 |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Income (loss) from operations |  | $ | 277,857 |  | $ | 38,421 |  | $ | 9,880 |  | $ | 3,275 |  | $ | (14,213) |  | $ | 315,220 |
﻿Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (23,849) |
﻿Income before provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 291,371 |
﻿Provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 66,392 |
﻿Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 224,979 |
﻿Less: Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 92 |
﻿Net income attributable to IDEXX Laboratories, Inc. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 224,887 |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Revenue |  | $ | 1,143,150 |  | $ | 79,243 |  | $ | 93,511 |  | $ | 16,523 |  | $ | - |  | $ | 1,332,427 |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Income (loss) from operations |  | $ | 229,858 |  | $ | 34,864 |  | $ | 12,665 |  | $ | (749) |  | $ | (10,224) |  | $ | 266,414 |
﻿Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (21,695) |
﻿Income before provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 244,719 |
﻿Provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 75,036 |
﻿Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 169,683 |
﻿Less: Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7 |
﻿Net income attributable to IDEXX Laboratories, Inc. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 169,676 |
﻿ ﻿ ﻿ The following is a summary of revenue by product and serv ice category for the three and nine months ended September 30, 2017 and 2016 (in thousands):
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | For the Three Months Ended |  | For the Nine Months Ended |
﻿ |  | September 30, |  | September 30, |
﻿ |  |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
﻿CAG segment revenue: |  |  |  |  |  |  |  |  |  |  |  |  |
﻿CAG Diagnostics recurring revenue: |  | $ | 364,937 |  | $ | 324,603 |  | $ | 1,091,936 |  | $ | 969,097 |
﻿IDEXX VetLab consumables |  |  | 129,434 |  |  | 113,964 |  |  | 385,081 |  |  | 336,493 |
﻿Rapid assay products |  |  | 50,924 |  |  | 48,720 |  |  | 159,085 |  |  | 147,583 |
﻿Reference laboratory diagnostic and consulting services |  |  | 167,851 |  |  | 146,672 |  |  | 498,218 |  |  | 440,514 |
﻿CAG Diagnostics service and accessories |  |  | 16,728 |  |  | 15,247 |  |  | 49,552 |  |  | 44,507 |
﻿CAG Diagnostics capital - instruments |  |  | 29,119 |  |  | 31,255 |  |  | 83,018 |  |  | 86,063 |
﻿Veterinary software, services and diagnostic imaging systems |  |  | 32,630 |  |  | 29,430 |  |  | 94,907 |  |  | 87,990 |
﻿CAG segment revenue |  |  | 426,686 |  |  | 385,288 |  |  | 1,269,861 |  |  | 1,143,150 |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Water segment revenue |  |  | 31,030 |  |  | 27,862 |  |  | 85,531 |  |  | 79,243 |
﻿LPD segment revenue |  |  | 28,396 |  |  | 29,799 |  |  | 91,266 |  |  | 93,511 |
﻿Other segment revenue |  |  | 5,864 |  |  | 5,359 |  |  | 16,279 |  |  | 16,523 |
﻿Total revenue |  | $ | 491,976 |  | $ | 448,308 |  | $ | 1,462,937 |  | $ | 1,332,427 |
﻿ ﻿ During the fourth quarter of 2016, we modified our management reporting and reclassified the location of SNAP P ro service plans previously located in CAG Diagnostics capital - instruments to CAG Diagnostics service and accessories. The amount of revenue reclassified was $0.4 million during the three months ended September 30, 2016 and $1.1 million for the nine months ended September 30, 2016.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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