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REVENUES FROM CONTRACTS WITH CUSTOMERS (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019:

		Total
	(amounts in thousands)
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		8,680
Contract asset, December 31, 2019		$	8,680
Contract Liability
Contract liability, January 1, 2019		$	12,716
Recognition of revenue included in beginning of year contract liability		(5,613		)
Contract liability, net of revenue recognized on contracts during the period		4,872
Foreign currency translation		(29		)
Contract liability, December 31, 2019		$	11,946

Schedule of Disaggregation of Revenue

years-ended December 31, 2019, 2018 and 2017 (amounts in thousands):

	Year Ended December 31, 2019			Year Ended December 31, 2018			Year Ended December 31, 2017
	(amounts in thousands)
Neurosurgery	707,011			684,148			446,994
Precision Tools and Instruments	289,195			$	279,781		$	273,307
Total Codman Specialty Surgical	996,206			963,929			720,301
Wound Reconstruction	322,739			311,565			274,398
Extremity Orthopedics	90,082			90,588			93,546
Private Label	108,530			106,359			99,991
Total Orthopedics and Tissue Technologies	521,351			508,512			467,935
Total revenue	$	1,517,557		$	1,472,441		$	1,188,236

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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Tabular disclosure of contract balances and changes in contract balances.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
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