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REVENUES FROM CONTRACTS WITH CUSTOMERS (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 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 | 3,068 |
Contract asset, September 30, 2018 | $ | 3,068 |
Contract Liability |
Contract liability, January 1, 2018 | $ | 11,059 |
Recognition of revenue included in beginning of year contract liability | (4,356 | )
Contract liability, net of revenue recognized on contracts during the period | 4,259 |
Foreign currency translation | (30 | )
Contract liability, September 30, 2018 | $ | 10,932 |
Schedule of Disaggregation of Revenue | The following table presents revenues disaggregated by the major sources of revenues for the three and nine months ended September 30, 2018 (amounts in thousands):
| Three Months Ended September 30, 2018 | Three Months Ended September 30, 2017 |  | Nine Months Ended September 30, 2018 | Nine Months Ended September 30, 2017
| (amounts in thousands)
Neurosurgery | $ | 171,680 |  | 95,887 |  |  | $ | 509,166 |  | 276,574 |
Precision Tools and Instruments | 67,355 |  | $ | 68,873 |  |  | 205,488 |  | $ | 204,333 |
Total Codman Specialty Surgical | 239,035 |  | 164,760 |  |  | 714,654 |  | 480,907 |
Wound Reconstruction and Care | 78,290 |  | 69,667 |  |  | 225,003 |  | 194,177 |
Extremity Orthopedics | 22,706 |  | 22,912 |  |  | 71,244 |  | 71,193 |
Private Label | 25,823 |  | 21,495 |  |  | 78,225 |  | 73,357 |
Total Orthopedics and Tissue Technologies | 126,819 |  | 114,074 |  |  | 374,472 |  | 338,727 |
Total revenue | $ | 365,854 |  | $ | 278,834 |  |  | $ | 1,089,126 |  | $ | 819,634 |
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 nine months ended September 30, 2018 was as follows:
| Three Months Ended September 30, 2018 | Nine Months Ended September 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 | $ | 365,854 |  | $ | 368,990 |  | $ | 1,089,126 |  | $ | 1,089,153 |
Cost of goods sold | 143,245 |  | 143,918 |  | 425,032 |  | 424,969 |
Income tax benefit | (2,271 | ) | (1,092 | ) | (2,776 | ) | (2,754 | )
Net income | 13,295 |  | 14,579 |  | 35,663 |  | 35,731 |

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