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Segment Information | 3 Months Ended
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Mar. 31, 2018
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company reports its activities in two operating segments; the Clinical Services Segment and the Pharma Services Segment. Our Clinical customers include community based pathology practices, clinician practices, hospitals and academic centers. Our Pharma customers include pharmaceutical companies to whom we provide testing and other services to support their studies and clinical trials. In the fourth quarter of 2017, changes were made in the information provided to our Chief Operating Decision Maker (“CODM”); greater detail was provided regarding the performance of our Pharma business and our Clinical business as there was an increased focus on this financial data due to the growth of our Pharma business. Our CODM also changed the way he was using this financial information to make strategic decisions regarding allocation of resources and evaluating performance of the Company. This resulted in a change in our operating segments to align with how the CODM views our business which resulted in two operating segments; a Pharma Services segment and a Clinical Services segment. We have presented the financial information reviewed by the CODM including revenues, cost of revenue and gross margin for each of our operating segments. The segment information presented in these financial statements has been conformed to present segments on this revised basis for all prior periods. Assets are not presented at the segment level as that information is not used by the CODM. The following table summarizes segment information for the three month periods ended March 31, 2018 and 2017, respectively (in thousands).
|  | For the Three-Months Ended March 31,
|  | 2018 |  | 2017 (as adjusted)
Net revenues: |  |  |  |
Clinical Services |  | $ | 56,971 |  |  | $ | 52,907 |
Pharma Services |  | 6,452 |  |  | 4,521 |
Total Revenue |  | $ | 63,423 |  |  | $ | 57,428 |
Cost of revenue: |  |  |  |
Clinical Services |  | $ | 31,042 |  |  | $ | 30,700 |
Pharma Services |  | 5,078 |  |  | 3,780 |
Total Cost of Revenue |  | $ | 36,120 |  |  | $ | 34,480 |
Gross Profit: |  |  |  |
Clinical Services |  | $ | 25,929 |  |  | $ | 22,207 |
Pharma Services |  | 1,374 |  |  | 741 |
Total Gross Profit |  | $ | 27,303 |  |  | $ | 22,948 |
Operating expenses: |  |  |  |
General and administrative |  | $ | 17,067 |  |  | $ | 17,018 |
Research and development |  | 956 |  |  | 862 |
Sales and marketing |  | 6,775 |  |  | 5,648 |
Total operating expenses |  | 24,798 |  |  | 23,528 |
Income (Loss) From Operations |  | 2,505 |  |  | (580 | )
Interest expense, net |  | 1,486 |  |  | 1,364 |
Other income |  | (63 | ) |  | — |
Income (loss) before taxes |  | 1,082 |  |  | (1,944 | )
Income tax (benefit) expense |  | 438 |  |  | (779 | )
Net Income (Loss) |  | $ | 644 |  |  | $ | (1,165 | )

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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