XML 31 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment And Geographic Information
 9 Months Ended
Sep. 30, 2016
Segment Information [Abstract]  
Segment Information

16.  Segment Information  

 

The Company has two reportable segments organized according to its products and services: Medical Devices and Preservation Services.  The Medical Devices segment includes external revenues from product sales of BioGlue® Surgical Adhesive; BioFoam® Surgical Matrix; On-X products, since the acquisition of On-X; CardioGenesis cardiac laser therapy; PerClot; PhotoFix; HeRO Graft, through the second quarter of 2016; and ProCol, through the date of the ProCol Sale.  The Preservation Services segment includes external services revenues from the preservation of cardiac and vascular tissues.  There are no intersegment revenues. 



The primary measure of segment performance, as viewed by the Company’s management, is segment gross margin, or net external revenues less cost of products and preservation services.  The Company does not segregate assets by segment; therefore, asset information is excluded from the segment disclosures below. 



The following table summarizes revenues, cost of products and services, and gross margins for the Company’s operating segments (in thousands): 





 

 

 

 

 

 

 

 

 

 

 



Three Months Ended

 

Nine Months Ended



September 30,

 

September 30,



2016

 

2015

 

2016

 

2015

Revenues:

 

 

 

 

 

 

 

 

 

 

 

Medical devices

$

 28,004 

 

$

 19,859 

 

$

 85,067 

 

$

 59,168 

Preservation services

 

 17,248 

 

 

 16,844 

 

 

 50,284 

 

 

 46,892 

Total revenues

 

 45,252 

 

 

 36,703 

 

 

 135,351 

 

 

 106,060 



 

 

 

 

 

 

 

 

 

 

 

Cost of products and preservation services:

 

 

 

 

 

 

 

 

 

 

 

Medical devices

 

 6,598 

 

 

 4,278 

 

 

 21,299 

 

 

 13,555 

Preservation services

 

 8,872 

 

 

 9,443 

 

 

 26,348 

 

 

 28,302 

Total cost of products and preservation services

 

 15,470 

 

 

 13,721 

 

 

 47,647 

 

 

 41,857 



 

 

 

 

 

 

 

 

 

 

 

Gross margin:

 

 

 

 

 

 

 

 

 

 

 

Medical devices

 

 21,406 

 

 

 15,581 

 

 

 63,768 

 

 

 45,613 

Preservation services

 

 8,376 

 

 

 7,401 

 

 

 23,936 

 

 

 18,590 

Total gross margin

$

 29,782 

 

$

 22,982 

 

$

 87,704 

 

$

 64,203 



 The following table summarizes net revenues by product and service (in thousands): 



















 

 

 

 

 

 

 

 

 

 

 



Three Months Ended

 

Nine Months Ended



September 30,

 

September 30,



2016

 

2015

 

2016

 

2015

Products:

 

 

 

 

 

 

 

 

 

 

 

BioGlue and BioFoam

$

 15,976 

 

$

 14,283 

 

$

 47,479 

 

$

 42,844 

On-X

 

 8,890 

 

 

--

 

 

 25,159 

 

 

--

CardioGenesis cardiac laser therapy

 

 1,653 

 

 

 1,852 

 

 

 5,497 

 

 

 5,932 

PerClot

 

 950 

 

 

 975 

 

 

 2,983 

 

 

 2,987 

PhotoFix

 

 535 

 

 

 444 

 

 

 1,406 

 

 

 959 

HeRO Graft

 

--

 

 

 1,934 

 

 

 2,325 

 

 

 5,538 

ProCol

 

--

 

 

 371 

 

 

 218 

 

 

 908 

Total products

 

 28,004 

 

 

 19,859 

 

 

 85,067 

 

 

 59,168 



 

 

 

 

 

 

 

 

 

 

 

Preservation services:

 

 

 

 

 

 

 

 

 

 

 

Cardiac tissue

 

 8,279 

 

 

 7,537 

 

 

 22,255 

 

 

 21,089 

Vascular tissue

 

 8,969 

 

 

 9,307 

 

 

 28,029 

 

 

 25,803 

Total preservation services

 

 17,248 

 

 

 16,844 

 

 

 50,284 

 

 

 46,892 



 

 

 

 

 

 

 

 

 

 

 

Total revenues

$

 45,252 

 

$

 36,703 

 

$

 135,351 

 

$

 106,060