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v3.20.4

Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Summary of Segment Performance | The following tables reflect adjustments to previously reported costs in our Unallocated segment, that are now allocated to our CAG, Water, LPD and Other segments: For the year ended December 31, 2019:
(in thousands) |  |  |  |  |  |  |  |  |  |
|  | CAG |  | Water |  | LPD |  | Other |  | Unallocated
Cost of sales |  | $ | (247) |  |  | $ | (11) |  |  | $ | (14) |  |  | $ | (6) |  |  | $ | 278 |
Gross profit |  | 247 |  |  | 11 |  |  | 14 |  |  | 6 |  |  | (278) |
Operating Expenses: |  |  |  |  |  |  |  |  |  |
Sales and marketing |  | $ | (239) |  |  | $ | (11) |  |  | $ | (13) |  |  | $ | — |  |  | $ | 263 |
General and administrative |  | 13,004 |  |  | 501 |  |  | 625 |  |  | 1,363 |  |  | (15,493) |
Research and development |  | 16,479 |  |  | 33 |  |  | 41 |  |  | — |  |  | (16,553) |
Total operating expenses |  | 29,244 |  |  | 523 |  |  | 653 |  |  | 1,363 |  |  | (31,783) |
Income from operations |  | $ | (28,997) |  |  | $ | (512) |  |  | $ | (639) |  |  | $ | (1,357) |  |  | $ | 31,505 |
For the year ended December 31, 2018:
(in thousands) |  |  |  |  |  |  |  |  |  |
|  | CAG |  | Water |  | LPD |  | Other |  | Unallocated
Cost of sales |  | $ | (1,540) |  |  | $ | (69) |  |  | $ | (87) |  |  | $ | (35) |  |  | $ | 1,731 |
Gross profit |  | 1,540 |  |  | 69 |  |  | 87 |  |  | 35 |  |  | (1,731) |
Operating Expenses: |  |  |  |  |  |  |  |  |  |
Sales and marketing |  | $ | (574) |  |  | $ | (25) |  |  | $ | (32) |  |  | $ | — |  |  | $ | 631 |
General and administrative |  | 3,316 |  |  | 66 |  |  | 81 |  |  | 1,145 |  |  | (4,608) |
Research and development |  | 15,658 |  |  | (4) |  |  | (4) |  |  | — |  |  | (15,650) |
Total operating expenses |  | 18,400 |  |  | 37 |  |  | 45 |  |  | 1,145 |  |  | (19,627) |
Income from operations |  | $ | (16,860) |  |  | $ | 32 |  |  | $ | 42 |  |  | $ | (1,110) |  |  | $ | 17,896 |
The following tables reflect the impact to previously reported segment gross profit margin, operating income margin and operating expenses as a percentage of revenue, due to the allocation of these costs to our CAG, Water, LPD and Other segments: For the year ended December 31, 2019:
|  | CAG |  | Water |  | LPD |  | Other
Cost of sales |  | — | % |  | — | % |  | — | % |  | — | %
Gross profit |  | — | % |  | — | % |  | — | % |  | — | %
Operating Expenses: |  |  |  |  |  |  |  |
Sales and marketing |  | — | % |  | — | % |  | — | % |  | — | %
General and administrative |  | 0.6 | % |  | 0.4 | % |  | 0.5 | % |  | 6.1 | %
Research and development |  | 0.8 | % |  | — | % |  | — | % |  | — | %
Total operating expenses |  | 1.4 | % |  | 0.4 | % |  | 0.5 | % |  | 6.1 | %
Income from operations |  | (1.4) | % |  | (0.4) | % |  | (0.5) | % |  | (6.1) | %
For the year ended December 31, 2018:
|  | CAG |  | Water |  | LPD |  | Other
Cost of sales |  | (0.1) | % |  | (0.1) | % |  | (0.1) | % |  | (0.2) | %
Gross profit |  | 0.1 | % |  | 0.1 | % |  | 0.1 | % |  | 0.2 | %
Operating Expenses: |  |  |  |  |  |  |  |
Sales and marketing |  | — | % |  | — | % |  | — | % |  | — | %
General and administrative |  | 0.2 | % |  | 0.1 | % |  | 0.1 | % |  | 5.2 | %
Research and development |  | 0.8 | % |  | — | % |  | — | % |  | — | %
Total operating expenses |  | 1.0 | % |  | — | % |  | — | % |  | 5.2 | %
Income from operations |  | (0.9) | % |  | — | % |  | — | % |  | (5.0) | %
The following is a summary of segment performance:
(in thousands) |  | For the Years Ended December 31,
|  | CAG |  | Water |  | LPD |  | Other |  | Consolidated Total
2020 |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 2,385,765 |  |  | $ | 128,625 |  |  | $ | 145,845 |  |  | $ | 46,420 |  |  | $ | 2,706,655 |
Income from operations |  | $ | 574,887 |  |  | $ | 58,867 |  |  | $ | 40,008 |  |  | $ | 20,762 |  |  | $ | 694,524 |
Interest expense, net |  |  |  |  |  |  |  |  |  | (32,539) |
Income before provision for income taxes |  |  |  |  |  |  |  |  |  | 661,985 |
Provision for income taxes |  |  |  |  |  |  |  |  |  | 79,854 |
Net income |  |  |  |  |  |  |  |  |  | 582,131 |
Less: Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | 355 |
Net income attributable to IDEXX Laboratories, Inc. stockholders |  |  |  |  |  |  |  |  |  | $ | 581,776 |
Depreciation and amortization |  | $ | 84,697 |  |  | $ | 2,630 |  |  | $ | 4,070 |  |  | $ | 4,601 |  |  | $ | 95,998 |
2019 |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 2,119,183 |  |  | $ | 132,850 |  |  | $ | 132,635 |  |  | $ | 22,240 |  |  | $ | 2,406,908 |
Income from operations |  | $ | 462,605 |  |  | $ | 61,923 |  |  | $ | 24,735 |  |  | $ | 3,583 |  |  | $ | 552,846 |
Interest expense, net |  |  |  |  |  |  |  |  |  | (30,628) |
Income before provision for income taxes |  |  |  |  |  |  |  |  |  | 522,218 |
Provision for income taxes |  |  |  |  |  |  |  |  |  | 94,426 |
Net income |  |  |  |  |  |  |  |  |  | 427,792 |
Less: Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | 72 |
Net income attributable to IDEXX Laboratories, Inc. stockholders |  |  |  |  |  |  |  |  |  | $ | 427,720 |
Depreciation and amortization |  | $ | 77,620 |  |  | $ | 2,794 |  |  | $ | 4,007 |  |  | $ | 3,590 |  |  | $ | 88,011 |
2018 |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 1,935,428 |  |  | $ | 125,198 |  |  | $ | 130,581 |  |  | $ | 22,035 |  |  | $ | 2,213,242 |
Income from operations |  | $ | 412,623 |  |  | $ | 56,639 |  |  | $ | 19,454 |  |  | $ | 2,619 |  |  | $ | 491,335 |
Interest expense, net |  |  |  |  |  |  |  |  |  | (33,593) |
Income before provision for income taxes |  |  |  |  |  |  |  |  |  | 457,742 |
Provision for income taxes |  |  |  |  |  |  |  |  |  | 80,695 |
Net income |  |  |  |  |  |  |  |  |  | 377,047 |
Less: Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | 16 |
Net income attributable to IDEXX Laboratories, Inc. stockholders |  |  |  |  |  |  |  |  |  | $ | 377,031 |
Depreciation and amortization |  | $ | 72,789 |  |  | $ | 2,592 |  |  | $ | 4,094 |  |  | $ | 3,703 |  |  | $ | 83,178 |
Schedule of Net Long-Lived Assets by Principal Geographic Areas | Net long-lived assets, consisting of net property and equipment, are subject to geographic risks because they are generally difficult to move and to effectively utilize in another geographic area in a reasonable time period and because they are relatively illiquid. Net long-lived assets by principal geographic areas were as follows:
(in thousands) |  |  |  |
|  | December 31, 2020 |  | December 31, 2019
Americas |  |  |  |
United States |  | $ | 412,700 |  |  | $ | 401,248 |
Brazil |  | 20,797 |  |  | 22,274 |
Canada |  | 4,993 |  |  | 7,784 |
|  | 438,490 |  |  | 431,306 |
Europe, the Middle East and Africa |  |  |  |
Germany |  | 67,354 |  |  | 52,032 |
United Kingdom |  | 10,191 |  |  | 12,114 |
Netherlands |  | 15,267 |  |  | 13,586 |
France |  | 2,062 |  |  | 2,061 |
Switzerland |  | 3,743 |  |  | 3,508 |
Other |  | 3,668 |  |  | 3,395 |
|  | 102,285 |  |  | 86,696 |
Asia Pacific Region |  |  |  |
Japan |  | 4,503 |  |  | 5,409 |
Australia |  | 3,304 |  |  | 4,088 |
Other |  | 6,585 |  |  | 6,346 |
|  | 14,392 |  |  | 15,843 |
Total |  | $ | 555,167 |  |  | $ | 533,845 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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