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REVENUES FROM CONTRACTS WITH CUSTOMERS (Tables)

9 Months Ended

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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Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130551-203045

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Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

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