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REVENUES FROM CONTRACTS WITH CUSTOMERS (Tables) | 6 Months Ended
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Jun. 30, 2018
Revenue from Contract with Customer [Abstract] |
Schedule of Changes in Contract Assets and Contract Liabilities | The following table summarized the changes in the contract asset and liability balances for the six months ended June 30, 2018:
Contract Asset |
Contract asset, January 1, 2018 | $ | 3,552 |
Transferred to trade receivable of contract asset included in beginning of the year contract asset | (3,552 | )
Contract asset, net of transferred to trade receivables on contracts during the period | 4,856 |
Contract asset, June 30, 2018 | $ | 4,856 |
Contract Liability |
Contract liability, January 1, 2018 | $ | 11,059 |
Recognition of revenue included in beginning of year contract liability | (2,687 | )
Contract liability, net of revenue recognized on contracts during the period | 2,603 |
Foreign currency translation | (9 | )
Contract liability, June 30, 2018 | $ | 10,966 |
Schedule of Disaggregation of Revenue | Disaggregated Revenue The following table presents revenues disaggregated by the major sources of revenues for the three and six months ended June 30, 2018 (amounts in thousands):
| Three Months Ended June 30, 2018 | Three Months Ended June 30, 2017 |  | Six Months Ended June 30, 2018 | Six Months Ended June 30, 2017
| (amounts in thousands)
Neurosurgery | $ | 170,588 |  | 91,218 |  |  | $ | 337,487 |  | 180,687 |
Precision Tools and Instruments | 68,916 |  | $ | 68,639 |  |  | 138,132 |  | $ | 135,460 |
Total Codman Specialty Surgical | 239,504 |  | 159,857 |  |  | 475,619 |  | 316,147 |
Wound Reconstruction and Care | 76,601 |  | 69,746 |  |  | 146,713 |  | 124,510 |
Extremity Orthopedics | 23,727 |  | 24,322 |  |  | 48,537 |  | 48,283 |
Private Label | 26,358 |  | 28,239 |  |  | 52,403 |  | 51,861 |
Total Orthopedics and Tissue Technologies | 126,686 |  | 122,307 |  |  | 247,653 |  | 224,654 |
Total revenue | $ | 366,190 |  | $ | 282,164 |  |  | $ | 723,272 |  | $ | 540,801 |
Schedule of Impact on Statement of Operations | The impact of adoption of Topic 606 to the Company's consolidated statement of operations for the three and six months ended June 30, 2018 was as follows:
| Three Months Ended June 30, 2018 | Six Months Ended June 30, 2018
| As Reported | Excluding Impact of Topic 606 | As Reported | Excluding Impact of Topic 606
| (Amounts in thousands)
Statement of Operations |  |  |  |
Total revenue, net | $ | 366,190 |  | $ | 363,381 |  | $ | 723,272 |  | $ | 719,420 |
Cost of goods sold | 137,565 |  | 137,032 |  | 281,787 |  | 281,051 |
Income tax benefit | 1,355 |  | 853 |  | (505 | ) | (1,135 | )
Net income | 11,376 |  | 9,603 |  | 22,368 |  | 19,882 |

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