Revenue from Contracts with Customers

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

3.   Revenue from Contracts with Customers. We recognize revenue when a customer obtains control of promised goods. The amount of revenue recognized reflects the consideration we expect to receive in exchange for these goods. Our revenue recognition policies have not changed from those disclosed in Note 1 to our consolidated financial statements in Item 8 of the 2023 Annual Report on Form 10-K.

Disaggregation of Revenue

Our revenue is disaggregated based on reporting segment, product category and geographical region. We design, develop, manufacture and market medical products for interventional and diagnostic procedures. For financial reporting purposes, we report our operations in two operating segments: cardiovascular and endoscopy. Our cardiovascular segment consists of four product categories: peripheral intervention, cardiac intervention, custom procedural solutions, and OEM. Within these product categories, we sell a variety of products, including cardiology and radiology devices (which assist in diagnosing and treating coronary arterial disease, peripheral vascular disease and other non-vascular diseases), as well as embolotherapeutic, cardiac rhythm management, electrophysiology, critical care, breast cancer localization and guidance, biopsy, and interventional oncology and spine devices. Our endoscopy segment consists of gastroenterology and pulmonology devices which assist in the palliative treatment of expanding esophageal, tracheobronchial and biliary strictures caused by malignant tumors.

The following table presents revenue from contracts with customers by reporting segment, product category and geographical region for the three-month periods ended March 31, 2024 and 2023 (in thousands):

	Three Months Ended						Three Months Ended
	March 31, 2024						March 31, 2023
	United States		International		Total		United States		International		Total
Cardiovascular
Peripheral Intervention	$	79,259	$	55,367	$	134,626	$	68,667	$	45,116	$	113,783
Cardiac Intervention		35,343		55,345		90,688		34,305		51,023		85,328
Custom Procedural Solutions		29,294		19,500		48,794		26,799		20,902		47,701
OEM		32,649		6,617		39,266		32,564		8,600		41,164
Total		176,545		136,829		313,374		162,335		125,641		287,976
Endoscopy
Endoscopy Devices		9,549		585		10,134		9,025		564		9,589
Total	$	186,094	$	137,414	$	323,508	$	171,360	$	126,205	$	297,565