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REVENUES FROM CONTRACTS WITH CUSTOMERS (Tables) | 12 Months Ended
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Dec. 31, 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 year ended December 31, 2018:
|  | Total
| (amounts in thousands)
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 |  | 4,193 |
Contract asset, December 31, 2018 |  | $ | 4,193 |
Contract Liability |  |
Contract liability, January 1, 2018 |  | $ | 11,059 |
Recognition of revenue included in beginning of year contract liability |  | (3,081 | )
Contract liability, net of revenue recognized on contracts during the period |  | 4,780 |
Foreign currency translation |  | (42 | )
Contract liability, December 31, 2018 |  | $ | 12,716 |
Schedule of Disaggregation of Revenue | The following table presents revenues disaggregated by the major sources of revenues for the years-ended December 31, 2018 and 2017 (amounts in thousands):
| Year Ended December 31, 2018 | Year Ended December 31, 2017 | Year Ended December 31, 2016
| (amounts in thousands) |
Neurosurgery | 684,148 |  | 446,994 |  | 367,985 |
Precision Tools and Instruments | 279,781 |  | $ | 273,307 |  | $ | 264,539 |
Total Codman Specialty Surgical | 963,929 |  | 720,301 |  | 632,524 |
Wound Reconstruction | 305,465 |  | 269,068 |  | 178,524 |
Extremity Orthopedics | 96,688 |  | 98,876 |  | 97,067 |
Private Label | 106,359 |  | 99,991 |  | 83,960 |
Total Orthopedics and Tissue Technologies | 508,512 |  | 467,935 |  | 359,551 |
Total revenue | $ | 1,472,441 |  | $ | 1,188,236 |  | $ | 992,075 |
Schedule of Impact on Statement of Operations | The impact of adoption of Topic 606 to the Company's consolidated statement of operations for the year ended December 31, 2018 was as follows:
| Year Ended December 31, 2018
| As Reported | Excluding Impact of Topic 606
| (Amounts in thousands)
Statement of Operations |  |
Total revenue, net | $ | 1,472,441 |  | $ | 1,468,075 |
Cost of goods sold | 571,496 |  | 570,028 |
Income tax benefit | (3,398 | ) | (4,119 | )
Net income | 60,801 |  | 58,624 |

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