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REVENUES FROM CONTRACTS WITH CUSTOMERS (Tables) | 9 Months Ended
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Sep. 30, 2019
Revenue from Contract with Customer [Abstract] |
Schedule of Changes in Contract Assets and Contract Liabilities | The following table summarizes the changes in the contract asset and liability balances for the nine months ended September 30, 2019:
Contract Asset |
Contract asset, January 1, 2019 | $ | 4,193 |
Transferred to trade receivable of contract asset included in beginning of the year contract asset | (4,193 | )
Contract asset, net of transferred to trade receivables on contracts during the period | 9,371 |
Contract asset, September 30, 2019 | $ | 9,371 |
Contract Liability |
Contract liability, January 1, 2019 | $ | 12,716 |
Recognition of revenue included in beginning of year contract liability | (6,343 | )
Contract liability, net of revenue recognized on contracts during the period | 4,766 |
Foreign currency translation | (5 | )
Contract liability, September 30, 2019 | $ | 11,134 |
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, 2019 and 2018 (amounts in thousands):
| Three Months Ended September 30, 2019 | Three Months Ended September 30, 2018 |  | Nine Months Ended September 30, 2019 | Nine Months Ended September 30, 2018
| (amounts in thousands)
Neurosurgery | $ | 180,103 |  | $ | 171,680 |  |  | $ | 523,929 |  | $ | 509,166 |
Precision Tools and Instruments | 72,881 |  | 67,355 |  |  | 212,881 |  | 205,488 |
Total Codman Specialty Surgical | 252,984 |  | 239,035 |  |  | 736,810 |  | 714,654 |
Wound Reconstruction and Care | 82,213 |  | 80,472 |  |  | 239,458 |  | 230,809 |
Extremity Orthopedics | 20,852 |  | 20,524 |  |  | 65,299 |  | 65,438 |
Private Label | 23,046 |  | 25,823 |  |  | 80,863 |  | 78,225 |
Total Orthopedics and Tissue Technologies | 126,111 |  | 126,819 |  |  | 385,620 |  | 374,472 |
Total revenue | $ | 379,095 |  | $ | 365,854 |  |  | $ | 1,122,430 |  | $ | 1,089,126 |
Schedule of Impact on Statement of Operations | The impact of adoption in the year of implementation 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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