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Revenue Recognition
12 Months Ended
Dec. 31, 2018
Revenue Recognition [Abstract]  
Revenue Recognition

15.  Revenue Recognition



Sources of Revenue



We have identified the following revenues disaggregated by revenue source:



·

Domestic Hospitals – direct sales of products and preservation services.

·

International Hospitals – direct sales of products and preservation services.

·

International Distributors – generally these contracts specify a geographic area that the distributor will service, terms and conditions of the relationship, and purchase targets for the next calendar year.

·

CardioGenesis Cardiac Laser Console Trials and Sales – CardioGenesis cardiac trialed laser consoles are delivered under separate agreements.



For the years ended December 31, 2018, 2017, and 2016 the sources of revenue were as follows (in thousands):







 

 

 

 

 

 

 

 



 

2018

 

 

2017

 

 

2016

Domestic hospitals

$

138,432 

 

$

128,240 

 

$

123,885 

International hospitals

 

81,203 

 

 

23,791 

 

 

16,616 

International distributors

 

36,989 

 

 

30,805 

 

 

32,037 

CardioGenesis cardiac laser therapy

 

6,217 

 

 

6,866 

 

 

7,842 

Total sources of revenue

$

262,841 

 

$

189,702 

 

$

180,380 



Also see segment and geographic disclosure in Note 19 below.



Contract Balances



We may generate contract assets during the pre-delivery design and manufacturing stage of E-xtra DESIGN ENGINEERING product order fulfillment.  We assess the balance related to any arrangements in process and determine if the enforceable right to payment creates a material contract asset requiring disclosure.



We also incur contract obligations on general customer purchase orders that have been accepted but unfulfilled.  Due to the short duration of time between order acceptance and delivery of the related product or service, we have determined that the balance related to these contract obligations is generally immaterial at any point in time.  We monitor the value of orders accepted but unfulfilled at the close of each reporting period to determine if disclosure is appropriate.  The value of orders accepted but unfulfilled as of December 31, 2018 are not material.