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SEGMENT REPORTING
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
SEGMENT REPORTING
SEGMENT REPORTING
The Company's two reportable segments are CCA and OVP. The CCA segment includes Point of Care diagnostic 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, in addition to other 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):
Year Ended December 31, 2019
 
Core
Companion
Animal
 
Other Vaccines and
Pharmaceuticals
 
 
 
Total
Total revenue
 
$
106,570

 
$
16,091

 
$
122,661

Operating income (loss)
 
1,358

 
(1,031
)
 
327

(Loss) income before income taxes
 
(1,552
)
 
(1,031
)
 
(2,583
)
Investments in unconsolidated affiliates
 
7,424

 

 
7,424

Total assets
 
223,980

 
20,444

 
244,424

Net assets
 
137,072

 
17,292

 
154,364

Capital expenditures
 
259

 
785

 
1,044

Depreciation and amortization
 
3,611

 
1,305

 
4,916

Year Ended December 31, 2018
 
Core
Companion
Animal
 
Other Vaccines and
Pharmaceuticals
 
 
 
Total
Total revenue
 
$
108,924

 
$
18,522

 
$
127,446

Operating income
 
2,040

 
1,754

 
3,794

Income before income taxes
 
2,053

 
1,754

 
3,807

Investments in unconsolidated affiliates
 
8,018

 

 
8,018

Total assets
 
133,586

 
22,866

 
156,452

Net assets
 
96,129

 
26,280

 
122,409

Capital expenditures
 
180

 
1,178

 
1,358

Depreciation and amortization
 
3,369

 
1,226

 
4,595

Year Ended December 31, 2017
 
Core
Companion
Animal
 
Other Vaccines and
Pharmaceuticals
 
 
 
Total
Total revenue
 
$
105,191

 
$
24,150

 
$
129,341

Operating income
 
12,656

 
5,563

 
18,219

Income before income taxes
 
12,828

 
5,541

 
18,369

Investments in unconsolidated affiliates
 

 

 

Total assets
 
111,625

 
23,819

 
135,444

Net assets
 
75,984

 
24,456

 
100,440

Capital expenditures
 
209

 
3,260

 
3,469

Depreciation and amortization
 
3,736

 
1,018

 
4,754



Revenue is attributed to individual countries based on customer location. Total revenue by principal geographic area was as follows (in thousands):
 
For the Years Ended December 31,
 
2019
 
2018
 
2017
U.S.
$
108,469

 
$
115,543

 
$
116,823

Canada
3,042

 
2,992

 
2,924

Europe
8,289

 
5,995

 
4,780

Other International
2,861

 
2,916

 
4,814

Total
$
122,661

 
$
127,446

 
$
129,341


Total long-lived assets by principal geographic areas were as follows (in thousands):
 
As of December 31,
 
2019
 
2018
 
2017
U.S.
$
14,712

 
$
15,933

 
$
17,288

Europe
576

 
37

 
18

Other International
181

 
11

 
25

Total
$
15,469

 
$
15,981

 
$
17,331


 
In our CCA segment, revenue from Covetrus represented approximately 14%, 15% and 13% of our consolidated revenue for the years ended December 31, 2019, 2018 and 2017, respectively. Revenue from Merck entities, including Merck Animal Health, represented approximately 1%, 12% and 12% for the years ended December 31, 2019, 2018 and 2017, respectively. In our OVP segment, revenue from Elanco represented approximately 8%, 9% and 11% for the years ended December 31, 2019, 2018 and 2017, respectively. No other customer accounted for more than 10% of our consolidated revenue for the years ended December 31, 2019, 2018 or 2017.