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REVENUES FROM CONTRACTS WITH CUSTOMERS (Tables) | 6 Months Ended
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Jun. 30, 2024
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 six months ended June 30, 2024:
Dollars in thousands |  |  |  |  | Total |  |  |
Contract Asset |  |  |  |  |  |  |  |
Contract asset, January 1, 2024 |  |  |  |  | $ | 9,233 |  |  |  |
Transferred to trade receivable from contract asset included in beginning of the year contract asset |  |  |  |  | (9,233) |  |  |  |
Contract asset, net of transferred to trade receivables on contracts during the period |  |  |  |  | 6,623 |  |  |  |
Contract asset, June 30, 2024 |  |  |  |  | $ | 6,623 |  |  |  |
Contract Liability |  |  |  |  |  |  |  |
Contract liability, January 1, 2024 |  |  |  |  | $ | 16,252 |  |  |  |
Recognition of revenue included in beginning of year contract liability |  |  |  |  | (5,365) |  |  |  |
Contract liability, net of revenue recognized on contracts during the period |  |  |  |  | 7,519 |  |  |  |
Foreign currency translation |  |  |  |  | (77) |  |  |  |
Contract liability, June 30, 2024 |  |  |  |  | $ | 18,329 |  |  |  |
Schedule of Disaggregation of Revenue | The following table presents revenues disaggregated by the major sources of revenues for the three and six months ended June 30, 2024 and 2023 (dollar amounts in thousands):
| Three Months Ended June 30, 2024 |  | Three Months Ended June 30, 2023 |  | Six Months Ended June 30, 2024 |  | Six Months Ended June 30, 2023
Neurosurgery | $ | 205,502 |  |  | $ | 205,803 |  |  | $ | 407,770 |  |  | $ | 398,673 |
Instruments | 54,537 |  |  | 56,365 |  |  | 98,910 |  |  | 102,603 |
ENT(1) | 41,722 |  |  | 8,862 |  |  | 51,515 |  |  | 17,890 |
Total Codman Specialty Surgical | 301,761 |  |  | 271,030 |  |  | 558,195 |  |  | 519,166 |
Wound Reconstruction and Care | 87,695 |  |  | 91,118 |  |  | 168,572 |  |  | 192,058 |
Private Label | 28,719 |  |  | 19,119 |  |  | 60,280 |  |  | 50,889 |
Total Tissue Technologies | 116,414 |  |  | 110,237 |  |  | 228,852 |  |  | 242,947 |
Total revenue | $ | 418,175 |  |  | $ | 381,267 |  |  | $ | 787,047 |  |  | $ | 762,113 |
(1) Prior period revenues included within our instruments business have been reclassified under the ENT business.

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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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