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REVENUES FROM CONTRACTS WITH CUSTOMERS (Tables) | 12 Months Ended
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Dec. 31, 2022
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, 2022:
Dollars in thousands | Total
Contract Asset |
Contract asset, January 1, 2022 | $ | 11,412 |
Transferred to trade receivable from contract asset included in beginning of the year contract asset | (11,412) |
Contract asset, net of transferred to trade receivables on contracts during the period | 10,122 |
Contract asset, December 31, 2022 | $ | 10,122 |
Contract Liability |
Contract liability, January 1, 2022 | $ | 11,946 |
Recognition of revenue included in beginning of year contract liability | (5,349) |
Contract liability, net of revenue recognized on contracts during the period | 9,596 |
Foreign currency translation | (66) |
Contract liability, December 31, 2022 | $ | 16,127 |
Schedule of Disaggregation of Revenue | The following table presents revenues disaggregated by the major sources of revenues for years-ended December 31, 2022, 2021 and 2020 (dollar amounts in thousands):
|  |  |  | Year Ended December 31, 2022 | Year Ended December 31, 2021 | Year Ended December 31, 2020
Neurosurgery |  |  |  | $ | 794,017 |  | $ | 802,959 |  | $ | 716,339 |
Instruments |  |  |  | 225,547 |  | 222,273 |  | 178,492 |
Total Codman Specialty Surgical |  |  |  | 1,019,564 |  | 1,025,232 |  | 894,831 |
Wound Reconstruction and Care(2)(3) |  |  |  | 406,689 |  | 392,463 |  | 293,038 |
Extremity Orthopedics(1) |  |  |  | — |  | — |  | 78,316 |
Private Label |  |  |  | 131,413 |  | 124,753 |  | 105,683 |
Total Tissue Technologies |  |  |  | 538,102 |  | 517,216 |  | 477,037 |
Total revenue |  |  |  | $ | 1,557,666 |  | $ | 1,542,448 |  | $ | 1,371,868 |
(1) On January 4, 2021, the Company completed its sale of its Extremity Orthopedics business. See Note 4, Acquisitions and Divestitures, for details (2) See Note 4. Acquisitions and Divestitures, for details around the ACell acquisition. (3) On August 31, 2022, the Company completed the sale of its non-core traditional wound care ("TWC") business. See Note 4, Acquisitions and Divestitures

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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