Segment Information |
20. Segment Information
The Company reports two operating segments, U.S. and International,
based on geographic customer base. The results of these operating
segments are regularly reviewed by our chief operating decision
maker, the President and Chief Executive Officer. The
Company’s segments derive revenues through the manufacturing,
marketing, selling and distribution of medical imaging products,
focused primarily on cardiovascular diagnostic imaging. The U.S.
segment comprises 80.4%, 78.4% and 75.3% of consolidated revenues
in 2015, 2014 and 2013, respectively, and 86.7% and 90.1% of
consolidated assets at December 31, 2015 and 2014,
respectively. All goodwill has been allocated to the U.S. operating
segment.
Selected information for each business segment are as follows (in
thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands)
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S.
|
|
$ |
258,349 |
|
|
$ |
258,148 |
|
|
$ |
234,567 |
|
International
|
|
|
57,637 |
|
|
|
65,080 |
|
|
|
70,033 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue, including inter-segment
|
|
|
315,986 |
|
|
|
323,228 |
|
|
|
304,600 |
|
Inter-segment revenue
|
|
|
(22,525 |
) |
|
|
(21,628 |
) |
|
|
(20,928 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
293,461 |
|
|
$ |
301,600 |
|
|
$ |
283,672 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from external customers
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S.
|
|
$ |
235,824 |
|
|
$ |
236,520 |
|
|
$ |
213,639 |
|
International
|
|
|
57,637 |
|
|
|
65,080 |
|
|
|
70,033 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
293,461 |
|
|
$ |
301,600 |
|
|
$ |
283,672 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues by product
|
|
|
|
|
|
|
|
|
|
|
|
|
DEFINITY
|
|
$ |
111,859 |
|
|
$ |
95,760 |
|
|
$ |
78,094 |
|
TechneLite
|
|
|
72,562 |
|
|
|
93,588 |
|
|
|
92,195 |
|
Xenon
|
|
|
48,898 |
|
|
|
36,549 |
|
|
|
32,125 |
|
Other
|
|
|
60,142 |
|
|
|
75,703 |
|
|
|
81,258 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
293,461 |
|
|
$ |
301,600 |
|
|
$ |
283,672 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Geographical revenue
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S.
|
|
$ |
235,824 |
|
|
$ |
236,520 |
|
|
$ |
213,639 |
|
Canada
|
|
|
28,340 |
|
|
|
31,363 |
|
|
|
35,502 |
|
All other
|
|
|
29,297 |
|
|
|
33,717 |
|
|
|
34,531 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
293,461 |
|
|
$ |
301,600 |
|
|
$ |
283,672 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income/(loss)
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S.
|
|
$ |
49,131 |
|
|
$ |
38,410 |
|
|
$ |
(18,781 |
) |
International
|
|
|
(6,535 |
) |
|
|
353 |
|
|
|
703 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating income (loss), including inter-segment
|
|
|
42,596 |
|
|
|
38,763 |
|
|
|
(18,078 |
) |
Inter-segment operating income (loss)
|
|
|
(66 |
) |
|
|
654 |
|
|
|
(813 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
|
42,530 |
|
|
|
39,417 |
|
|
|
(18,891 |
) |
Interest expense
|
|
|
(38,715 |
) |
|
|
(42,288 |
) |
|
|
(42,915 |
) |
Interest income
|
|
|
24 |
|
|
|
27 |
|
|
|
104 |
|
Loss on extinguishment of debt
|
|
|
(15,528 |
) |
|
|
— |
|
|
|
— |
|
Other income (expense), net
|
|
|
(89 |
) |
|
|
478 |
|
|
|
1,161 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss before income taxes
|
|
$ |
(11,778 |
) |
|
$ |
(2,366 |
) |
|
$ |
(60,541 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S.
|
|
$ |
17,054 |
|
|
$ |
16,055 |
|
|
$ |
22,146 |
|
International
|
|
|
1,850 |
|
|
|
2,196 |
|
|
|
3,009 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
18,904 |
|
|
$ |
18,251 |
|
|
$ |
25,155 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S.
|
|
$ |
13,040 |
|
|
$ |
7,811 |
|
|
$ |
4,903 |
|
International
|
|
|
111 |
|
|
|
326 |
|
|
|
107 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
13,151 |
|
|
$ |
8,137 |
|
|
$ |
5,010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 |
|
|
2014 |
|
Assets
|
|
|
|
|
|
|
|
|
U.S.
|
|
$ |
210,183 |
|
|
$ |
219,129 |
|
International
|
|
|
32,196 |
|
|
|
24,024 |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
242,379 |
|
|
$ |
243,153 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 |
|
|
2014 |
|
Long-lived assets
|
|
|
|
|
|
|
|
|
U.S.
|
|
$ |
84,241 |
|
|
$ |
91,346 |
|
International
|
|
|
2,276 |
|
|
|
4,668 |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
86,517 |
|
|
$ |
96,014 |
|
|
|
|
|
|
|
|
|
|
|