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Segment Information

6 Months Ended

Jun. 29, 2018

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company organizes its business into two reportable segments: (1) Medical and (2) Non-Medical. This segment structure reflects the financial information and reports used by the Company’s management, specifically its Chief Operating Decision Maker (“CODM”), to make decisions regarding the Company’s business, including resource allocations and performance assessments. This segment structure reflects the Company’s current operating focus in compliance with ASC 280, Segment Reporting. There were no sales between segments during the six months ended June 29, 2018 and June 30, 2017.

The following table presents sales from continuing operations by product line (in thousands).

	Three Months Ended								Six Months Ended
	June 29, 2018				June 30, 2017				June 29, 2018				June 30, 2017
Segment sales from continuing operations by product line:
Medical
Cardio & Vascular	$	148,766			$	130,718			$	285,629			$	254,202
Cardiac & Neuromodulation	115,941				106,173				224,851				209,928
Advanced Surgical, Orthopedics & Portable Medical	34,751				28,282				68,692				56,433
Total Medical	299,458				265,173				579,172				520,563
Non-Medical	15,006				15,743				27,718				27,089
Total sales from continuing operations	$	314,464			$	280,916			$	606,890			$	547,652

The following table presents income from continuing operations for the Company’s reportable segments (in thousands).

	Three Months Ended								Six Months Ended
	June 29, 2018				June 30, 2017				June 29, 2018				June 30, 2017
Segment income from continuing operations:
Medical	$	61,179			$	51,557			$	108,694			$	99,274
Non-Medical	4,393				4,940				7,591				6,502
Total segment income from continuing operations	65,572				56,497				116,285				105,776
Unallocated operating expenses	(21,214		)		(20,435		)		(41,884		)		(45,811		)
Operating income from continuing operations	44,358				36,062				74,401				59,965
Unallocated expenses, net	(12,563		)		(26,248		)		(24,148		)		(46,414		)
Income before taxes from continuing operations	$	31,795			$	9,814			$	50,253			$	13,551

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- References

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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

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