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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2018
Disaggregation of Revenue

Revenues for the three- and six-month periods ended June 30, 2018 and 2017 were as follows:

 

(in thousands, except percentages)    Three months ended
June 30,
    Six months ended
June 30,
 
     2018     2017      $ Change     % Change     2018      2017      $ Change     % Change  

Product revenue

   $ 47,743     $ 32,434      $ 15,309       47.2   $ 92,542      $ 63,003      $ 29,539       46.9

Royalty and other revenue

     (12     21        (33     (157.1 %)      19        42        (23     (54.8 %) 
  

 

 

   

 

 

    

 

 

     

 

 

    

 

 

    

 

 

   

Total revenues

   $ 47,731     $ 32,455      $ 15,276       47.1   $ 92,561      $ 63,045      $ 29,516       46.8
  

 

 

   

 

 

    

 

 

     

 

 

    

 

 

    

 

 

   
Disaggregation of Revenue from Contracts with Customers by Geographic Region

The following tables disaggregate the Company’s revenue from contracts with customers by geographic region (in thousands).

 

     Three months ended
June 30,
     Six months ended
June 30,
 
     2018      2017      2018      2017  

North America

   $ 22,481      $ 12,437      $ 42,491      $ 24,089  

Europe

     19,578        16,155        39,148        32,562  

Asia and Australia

     5,617        3,604        10,692        5,926  

Other

     55        259        230        468  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 47,731      $ 32,455      $ 92,561      $ 63,045  
  

 

 

    

 

 

    

 

 

    

 

 

 
Revenue from Significant Customers

Revenue from significant customers is as follows (in thousands):

 

     Three months ended
June 30,
     Six months ended
June 30,
 
     2018      2017      2018      2017  

MilliporeSigma

   $ 8,679      $ 6,049      $ 15,390      $ 12,504  

GE Healthcare

     6,777        9,130        14,510        17,390  
Summary of Receivables and Deferred Revenue from Contracts with Customers

The following table provides information about receivables and deferred revenue from contracts with customers as of June 30, 2018 (in thousands):

 

     2018  

Balances from contracts with customers only:

  

Accounts receivable

   $ 31,713  

Deferred revenue

     1,175  

Revenue recognized in the period relating to:

  

The beginning deferred revenue balance

   $ 751  

Changes in pricing related to products or services satisfied in previous periods

     —    

Impairment losses on receivables

     —