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SEGMENT AND GEOGRAPHIC INFORMATION
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION
SEGMENT AND GEOGRAPHIC INFORMATION
The Company internally manages two global reportable segments and reports the results of its businesses to its chief operating decision maker. The two reportable segments and their activities are described below.
The Codman Specialty Surgical segment includes (i) the Neurosurgery business, which sells a full line of products for neurosurgery and neuro critical care such as tissue ablation equipment, dural repair products, cerebral spinal fluid management devices, intracranial monitoring equipment, and cranial stabilization equipment and (ii) the precision tools and instruments business, which sells more than 60,000 instrument patterns and surgical and lighting products to hospitals, surgery centers, dental, podiatry, and veterinary offices.
The Orthopedics and Tissue Technologies segment includes such offerings as skin and wound repair, bone and joint fixation implants in the upper and lower extremities, bone grafts and nerve and tendon repair products.
The Corporate and other category includes (i) various executive, finance, human resource, information systems, legal functions, (ii) brand management, and (iii) share-based compensation costs.
The operating results of the various reportable segments as presented are not comparable to one another because (i) certain operating segments are more dependent than others on corporate functions for unallocated general and administrative and/or operational manufacturing functions and (ii) the Company does not allocate certain manufacturing costs and general and administrative costs to the operating segment results. Net sales and profit by each reportable segment for the three months ended March 31, 2019 and 2018 are as follows:
 
Three Months Ended March 31,
 
2019
 
2018
 
(In thousands)
Segment Net Sales
 
 
 
Codman Specialty Surgical
$
234,568

 
$
236,115

Orthopedics and Tissue Technologies
125,122

 
120,967

Total revenues
$
359,690

 
$
357,082

Segment Profit
 
 
 
Codman Specialty Surgical
$
91,380

 
$
89,491

Orthopedics and Tissue Technologies
40,495

 
32,438

Segment profit
131,875

 
121,929

Amortization
(5,279
)
 
(5,390)

Corporate and other
(94,288
)
 
(90,960
)
Operating income
$
32,308

 
$
25,579


The Company does not allocate any assets to the reportable segments. No asset information is reported to the chief operating decision maker and disclosed in the financial information for each segment.
The Company attributes revenues to geographic areas based on the location of the customer. Total revenue by major geographic area consisted of the following:
 
Three Months Ended March 31,
 
2019
 
2018
 
(In thousands)
United States
$
256,726

 
$
248,928

Europe
48,640

 
51,773

Asia Pacific
35,700

 
35,785

Rest of World
18,624

 
20,596

Total Revenues
$
359,690

 
$
357,082