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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Summary of segment performance | The following table reflects adjustments to previously reported costs in our Unallocated segment, that are now allocated to our CAG, Water, LPD and Other segments for the three and six months ended June 30, 2019, respectively:
(in thousands) |  | Three Months Ended June 30, 2019 |  |  |  |  |  |  |  |
|  | CAG |  | Water |  | LPD |  | Other |  | Unallocated
Cost of sales |  | $ | 344 |  |  | $ | 15 |  |  | $ | 19 |  |  | $ | 8 |  |  | $ | (386) |
Gross profit |  | (344) |  |  | (15) |  |  | (19) |  |  | (8) |  |  | 386 |
Operating Expenses: |  |  |  |  |  |  |  |  |  |
Sales and marketing |  | $ | (18) |  |  | $ | (1) |  |  | $ | (1) |  |  | $ | — |  |  | $ | 20 |
General and administrative |  | (893) |  |  | (179) |  |  | (206) |  |  | 949 |  |  | 329 |
Research and development |  | 3,960 |  |  | 10 |  |  | 13 |  |  | — |  |  | (3,983) |
Total operating expenses |  | 3,049 |  |  | (170) |  |  | (194) |  |  | 949 |  |  | (3,634) |
Income from operations |  | $ | (3,393) |  |  | $ | 155 |  |  | $ | 175 |  |  | $ | (957) |  |  | $ | 4,020 |
(in thousands) |  | Six Months Ended June 30, 2019 |  |  |  |  |  |  |  |
|  | CAG |  | Water |  | LPD |  | Other |  | Unallocated
Cost of sales |  | $ | 162 |  |  | $ | 7 |  |  | $ | 9 |  |  | $ | 4 |  |  | $ | (182) |
Gross profit |  | (162) |  |  | (7) |  |  | (9) |  |  | (4) |  |  | 182 |
Operating Expenses: |  |  |  |  |  |  |  |  |  |
Sales and marketing |  | $ | 111 |  |  | $ | 5 |  |  | $ | 6 |  |  | $ | — |  |  | $ | (122) |
General and administrative |  | (1,095) |  |  | (219) |  |  | (253) |  |  | 1,164 |  |  | 403 |
Research and development |  | 7,518 |  |  | 19 |  |  | 24 |  |  | — |  |  | (7,561) |
Total operating expenses |  | 6,534 |  |  | (195) |  |  | (223) |  |  | 1,164 |  |  | (7,280) |
Income from operations |  | $ | (6,696) |  |  | $ | 188 |  |  | $ | 214 |  |  | $ | (1,168) |  |  | $ | 7,462 |
The following is a summary of segment performance:
|  | For the Three Months Ended June 30, |  |  |  |  |  |  |  |
|  | CAG |  | Water |  | LPD |  | Other |  | Consolidated Total
2020 |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 566,100 |  |  | $ | 28,116 |  |  | $ | 32,244 |  |  | $ | 11,132 |  |  | $ | 637,592 |
Income (loss) from operations |  | $ | 167,969 |  |  | $ | 12,258 |  |  | $ | 8,249 |  |  | $ | 4,772 |  |  | $ | 193,248 |
Interest expense, net |  |  |  |  |  |  |  |  |  | (9,426) |
Income before provision for income taxes |  |  |  |  |  |  |  |  |  | 183,822 |
Provision for income taxes |  |  |  |  |  |  |  |  |  | 34,826 |
Net income |  |  |  |  |  |  |  |  |  | 148,996 |
Less: Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | 56 |
Net income attributable to IDEXX Laboratories, Inc. stockholders |  |  |  |  |  |  |  |  |  | $ | 148,940 |
2019 |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 547,349 |  |  | $ | 34,764 |  |  | $ | 33,104 |  |  | $ | 4,886 |  |  | $ | 620,103 |
Income (loss) from operations |  | $ | 141,190 |  |  | $ | 16,722 |  |  | $ | 6,568 |  |  | $ | (205) |  |  | $ | 164,275 |
Interest expense, net |  |  |  |  |  |  |  |  |  | (8,153) |
Income before provision for income taxes |  |  |  |  |  |  |  |  |  | 156,122 |
Provision for income taxes |  |  |  |  |  |  |  |  |  | 30,421 |
Net income |  |  |  |  |  |  |  |  |  | 125,701 |
Less: Net loss attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | (5) |
Net income attributable to IDEXX Laboratories, Inc. stockholders |  |  |  |  |  |  |  |  |  | $ | 125,706 |
(in thousands) |  | For the Six Months Ended June 30, |  |  |  |  |  |  |  |
﻿ |  | CAG |  | Water |  | LPD |  | Other |  | Consolidated Total
2020 |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 1,118,096 |  |  | $ | 62,265 |  |  | $ | 66,398 |  |  | $ | 17,169 |  |  | $ | 1,263,928 |
﻿ |  |  |  |  |  |  |  |  |  |
Income from operations |  | $ | 286,628 |  |  | $ | 28,140 |  |  | $ | 17,912 |  |  | $ | 4,893 |  |  | $ | 337,573 |
Interest expense, net |  |  |  |  |  |  |  |  |  | (16,978) |
Income before provision for income taxes |  |  |  |  |  |  |  |  |  | 320,595 |
Provision for income taxes |  |  |  |  |  |  |  |  |  | 59,743 |
Net income |  |  |  |  |  |  |  |  |  | 260,852 |
Less: Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | 85 |
Net income attributable to IDEXX Laboratories, Inc. stockholders |  |  |  |  |  |  |  |  |  | $ | 260,767 |
﻿ |  |  |  |  |  |  |  |  |  |
2019 |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 1,056,267 |  |  | $ | 65,074 |  |  | $ | 64,610 |  |  | $ | 10,208 |  |  | $ | 1,196,159 |
﻿ |  |  |  |  |  |  |  |  |  |
Income from operations |  | $ | 252,909 |  |  | $ | 30,537 |  |  | $ | 12,857 |  |  | $ | 1,110 |  |  | $ | 297,413 |
Interest expense, net |  |  |  |  |  |  |  |  |  | (16,499) |
Income before provision for income taxes |  |  |  |  |  |  |  |  |  | 280,914 |
Provision for income taxes |  |  |  |  |  |  |  |  |  | 52,504 |
Net income |  |  |  |  |  |  |  |  |  | 228,410 |
Less: Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | 23 |
Net income attributable to IDEXX Laboratories, Inc. stockholders |  |  |  |  |  |  |  |  |  | $ | 228,387 |

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