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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Summary of segment performance

The following is a summary of segment performance:

(in thousands)						For the Three Months Ended June 30,
						CAG						Water						LPD						Other						Consolidated Total
2021
Revenue						$	745,595					$	37,191					$	33,524					$	9,832					$	826,142
Income from operations						$	234,735					$	17,228					$	6,868					$	422					$	259,253
Interest expense, net																														(7,522)
Income before provision for income taxes																														251,731
Provision for income taxes																														49,125
Net income																														202,606
Less: Net income attributable to noncontrolling interest																														24
Net income attributable to IDEXX Laboratories, Inc. stockholders																														$	202,582
2020
Revenue						$	566,100					$	28,116					$	32,244					$	11,132					$	637,592
Income 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

(in thousands)						For the Six Months Ended June 30,
						CAG						Water						LPD						Other						Consolidated Total
2021
Revenue						$	1,438,362					$	71,231					$	72,794					$	21,462					$	1,603,849
Income from operations						$	447,945					$	32,000					$	20,676					$	6,254					$	506,875
Interest expense, net																														(15,054)
Income before provision for income taxes																														491,821
Provision for income taxes																														84,926
Net income																														406,895
Less: Net income attributable to noncontrolling interest																														56
Net income attributable to IDEXX Laboratories, Inc. stockholders																														$	406,839
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

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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

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- References

No definition available.

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