Segment Reporting and Foreign Operations (Tables)
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12 Months Ended |
Dec. 31, 2014
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Segment Reporting [Abstract] |
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Revenue from External Customers by Products and Services |
Listed below are the sales by business segment for the years ended December 31, 2014, 2013 and 2012 (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | % Change | | 2014 | | % Change | | 2013 | | % Change | | 2012 | | | | | | | | | | | | | Cardiovascular | |
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| | |
| Stand-alone devices | 15 | % | | $ | 143,712 |
| | 10 | % | | $ | 125,445 |
| | 12 | % | | $ | 114,242 |
| Custom kits and procedure trays | 7 | % | | 111,076 |
| | 10 | % | | 103,700 |
| | 3 | % | | 94,586 |
| Inflation devices | 10 | % | | 72,538 |
| | (4 | )% | | 66,182 |
| | 2 | % | | 68,979 |
| Catheters | 17 | % | | 87,550 |
| | 16 | % | | 75,131 |
| | 17 | % | | 64,878 |
| Embolization devices | 31 | % | | 43,855 |
| | (1 | )% | | 33,395 |
| | 8 | % | | 33,870 |
| CRM/EP | 17 | % | | 32,975 |
| | 1,359 | % | | 28,271 |
| | — | % | | 1,938 |
| Total | 14 | % | | 491,706 |
| | 14 | % | | 432,124 |
| | 9 | % | | 378,493 |
| | | | | | | | | | | | | Endoscopy | |
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| | |
| | |
| | |
| | |
| Endoscopy devices | 6 | % | | 17,983 |
| | 7 | % | | 16,925 |
| | 31 | % | | 15,795 |
| | | | | | | | | | | | | Total | 14 | % | | $ | 509,689 |
| | 14 | % | | $ | 449,049 |
| | 10 | % | | $ | 394,288 |
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Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas |
Our long-lived assets by geographic area at December 31, 2014, 2013 and 2012, consisted of the following (in thousands):
| | | | | | | | | | | | | | 2014 | | 2013 | | 2012 | United States | $ | 177,627 |
| | $ | 178,130 |
| | $ | 176,644 |
| Ireland | 49,708 |
| | 50,274 |
| | 48,182 |
| Other foreign countries | 16,836 |
| | 14,866 |
| | 9,977 |
| Total | $ | 244,171 |
| | $ | 243,270 |
| | $ | 234,803 |
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Schedule of Segment Reporting Information, by Segment |
Financial information relating to our reportable operating segments and reconciliations to the consolidated totals for the years ended December 31, 2014, 2013 and 2012, are as follows (in thousands):
| | | | | | | | | | | | | | 2014 | | 2013 | | 2012 | Revenues | |
| | |
| | |
| Cardiovascular | $ | 491,706 |
| | $ | 432,124 |
| | $ | 378,493 |
| Endoscopy | 17,983 |
| | 16,925 |
| | 15,795 |
| Total revenues | 509,689 |
| | 449,049 |
| | 394,288 |
| | | | | | | Operating expenses | |
| | |
| | |
| Cardiovascular | 175,152 |
| | 157,479 |
| | 142,089 |
| Endoscopy | 9,904 |
| | 9,044 |
| | 10,262 |
| Total operating expenses | 185,056 |
| | 166,523 |
| | 152,351 |
| | | | | | | Operating income (loss) | |
| | |
| | |
| Cardiovascular | 38,601 |
| | 26,597 |
| | 30,411 |
| Endoscopy | 1,565 |
| | 1,247 |
| | (770 | ) | Total operating income | 40,166 |
| | 27,844 |
| | 29,641 |
| | | | | | | Total other expense - net | (8,594 | ) | | (8,005 | ) | | (2,023 | ) | Income tax expense | 8,598 |
| | 3,269 |
| | 7,908 |
| | | | | | | Net income | $ | 22,974 |
| | $ | 16,570 |
| | $ | 19,710 |
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Reconciliation of Assets from Segment to Consolidated |
Total assets by business segment at December 31, 2014, 2013 and 2012, consisted of the following (in thousands):
| | | | | | | | | | | | | | 2014 | | 2013 | | 2012 | Cardiovascular | $ | 734,940 |
| | $ | 716,659 |
| | $ | 692,689 |
| Endoscopy | 12,225 |
| | 11,624 |
| | 12,620 |
| Total | $ | 747,165 |
| | $ | 728,283 |
| | $ | 705,309 |
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Segment Depreciation And Amortization |
Total depreciation and amortization by business segment for the years ended December 31, 2014, 2013 and 2012, consisted of the following (in thousands):
| | | | | | | | | | | | | | 2014 | | 2013 | | 2012 | | | | | | | Cardiovascular | $ | 34,975 |
| | $ | 31,594 |
| | $ | 21,441 |
| Endoscopy | 954 |
| | 948 |
| | 1,093 |
| Total | $ | 35,929 |
| | $ | 32,542 |
| | $ | 22,534 |
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Segment Capital Expenditures |
Total capital expenditures by business segment for the years ended December 31, 2014, 2013 and 2012, consisted of the following (in thousands):
| | | | | | | | | | | | | | 2014 | | 2013 | | 2012 | | | | | | | Cardiovascular | $ | 33,660 |
| | $ | 59,421 |
| | $ | 64,059 |
| Endoscopy | 521 |
| | 84 |
| | 584 |
| Total | $ | 34,181 |
| | $ | 59,505 |
| | $ | 64,643 |
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