Segment and Enterprise Wide Disclosures

12 Months Ended

Mar. 31, 2015

Segment and Enterprise Wide Disclosures

Note 14. Segment and Enterprise Wide Disclosures

The Company operates in one business segment—the research, development and sale of medical devices to assist or replace the pumping function of the failing heart. The Company’s chief operating decision maker (determined to be the Chief Executive Officer) does not manage any part of the Company separately, and the allocation of resources and assessment of performance are based on the Company’s consolidated operating results. Approximately 77% and 74% of the Company’s total consolidated assets are located within the U.S. as of March 31, 2015 and 2014, respectively. The remaining assets are mostly located in Europe and are primarily related to the Company’s Impella production facility in Germany, and include goodwill and in-process research and development of $46.2 million and $38.0 million at March 31, 2015 and 2014, respectively, associated with the Impella acquisition in May 2005 and ECP acquisition in July 2014. Total assets outside of the U.S. excluding goodwill amounted to 10% and 8% of total consolidated assets at March 31, 2015 and 2014, respectively. International sales (sales outside the U.S. and primarily in Europe) accounted for 10%, 9% and 7% of total product revenue during the fiscal years ended March 31, 2015, 2014 and 2013, respectively.