XML 38 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
SEGMENT REPORTING
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
SEGMENT REPORTING
SEGMENT REPORTING
The Company is composed of two reportable segments, CCA and OVP. The CCA segment includes Point of Care diagnostics laboratory instruments and consumables, and Point of Care digital imaging diagnostic instruments and software services as well as single use diagnostic and other tests, pharmaceuticals and vaccines, primarily for canine and feline use. These products are sold directly by the Company as well as through independent third-party distributors and through other distribution relationships. CCA segment products manufactured at the Des Moines, Iowa production facility included in the OVP segment's assets are transferred at cost and are not recorded as revenue for the OVP segment. The OVP segment includes private label vaccine and pharmaceutical production, primarily for cattle, but also for other animals including small mammals. All OVP products are sold by third parties under third-party labels.

Summarized financial information concerning the Company's reportable segments is shown in the following tables (in thousands):
Three Months Ended June 30, 2018
 
Core
Companion
Animal Health
 
Other Vaccines, Pharmaceuticals and Products
 
 
 
Total
Total revenue
 
$
26,644

 
$
3,018

 
$
29,662

Operating income (loss)
 
2,864

 
(660
)
 
2,204

Income (loss) before income taxes
 
2,772

 
(660
)
 
2,112

Capital purchases
 
39

 
397

 
436

Depreciation and amortization
 
838

 
300

 
1,138

Three Months Ended June 30, 2017
 
Core
Companion
Animal Health
 
Other Vaccines, Pharmaceuticals and Products
 
 
 
Total
Total revenue
 
$
26,090

 
$
7,315

 
$
33,405

Operating income
 
2,549

 
2,011

 
4,560

Income before income taxes
 
2,683

 
1,995

 
4,678

Capital purchases
 
36

 
779

 
815

Depreciation and amortization
 
857

 
243

 
1,100


Six Months Ended June 30, 2018
 
Core
Companion
Animal Health
 
Other Vaccines, Pharmaceuticals and Products
 
 
 
Total
Total revenue
 
$
53,463

 
$
8,964

 
$
62,427

Operating Income (loss)
 
4,787

 
(712
)
 
4,075

Income (loss) before income taxes
 
4,699

 
(712
)
 
3,987

Capital expenditures
 
96

 
715

 
811

Depreciation and amortization
 
1,746

 
587

 
2,333



Six Months Ended June 30, 2017
 
Core
Companion
Animal Health
 
Other Vaccines, Pharmaceuticals and Products
 
 
 
Total
Total revenue
 
$
49,875

 
$
13,089

 
$
62,964

Operating income
 
3,695

 
3,653

 
7,348

Income before income taxes
 
3,897

 
3,631

 
7,528

Capital purchases
 
85

 
1,210

 
1,295

Depreciation and amortization
 
1,702

 
490

 
2,192


Asset information by reportable segment as of June 30, 2018 is as follows (in thousands):
 
 
Core
Companion
Animal Health
 
Other Vaccines, Pharmaceuticals and Products
 
Total
Total assets
 
$
118,074

 
$
19,953

 
$
138,027

Net assets
 
86,178

 
23,744

 
109,922


Asset information by reportable segment as of December 31, 2017 is as follows (in thousands):
 
 
Core
Companion
Animal Health
 
Other Vaccines, Pharmaceuticals and Products
 
Total
Total assets
 
$
111,968

 
$
23,819

 
$
135,787

Net assets
 
75,984

 
24,456

 
100,440