v3.24.2.u1
Revenue from Contracts with Customers
6 Months Ended
Jun. 30, 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 geographic region. We design, develop, manufacture and market medical products for interventional, diagnostic and therapeutic 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 original equipment manufacturer (“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.

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The following table presents revenue from contracts with customers by reporting segment, product category and geographic region for the three and six-month periods ended June 30, 2024 and 2023 (in thousands):

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Three Months Ended

​

Three Months Ended

​

​

June 30, 2024

​

June 30, 2023

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United States

    

International

    

Total

    

United States

    

International

    

Total

Cardiovascular

 

​

  

 

​

​

 

​

  

 

​

  

 

​

  

 

​

  

Peripheral Intervention

​

$

82,356

​

$

56,891

​

$

139,247

​

$

71,973

​

$

53,936

​

$

125,909

Cardiac Intervention

​

 

36,840

​

​

57,023

​

 

93,863

​

 

35,690

​

​

58,085

​

 

93,775

Custom Procedural Solutions

​

 

30,496

​

​

19,920

​

 

50,416

​

 

29,155

​

​

20,229

​

 

49,384

OEM

​

 

35,460

​

​

8,829

​

 

44,289

​

 

34,570

​

​

7,637

​

 

42,207

Total

​

 

185,152

​

​

142,663

​

 

327,815

​

 

171,388

​

 

139,887

​

 

311,275

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​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Endoscopy

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Endoscopy Devices

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9,512

​

 

676

​

 

10,188

​

 

8,194

​

 

587

​

 

8,781

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total

​

$

194,664

​

$

143,339

​

$

338,003

​

$

179,582

​

$

140,474

​

$

320,056

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended

​

Six Months Ended

​

​

June 30, 2024

​

June 30, 2023

​

   

United States

   

International

   

Total

   

United States

   

International

   

Total

Cardiovascular

 

​

​

 

​

​

 

​

  

 

​

  

 

​

  

 

​

  

Peripheral Intervention

​

$

161,615

​

$

112,258

​

$

273,873

​

$

140,640

​

$

99,052

​

$

239,692

Cardiac Intervention

​

 

72,183

​

​

112,368

​

 

184,551

​

 

69,995

​

​

109,108

​

 

179,103

Custom Procedural Solutions

​

 

59,790

​

​

39,420

​

 

99,210

​

 

55,954

​

​

41,131

​

 

97,085

OEM

​

 

68,109

​

​

15,446

​

 

83,555

​

 

67,134

​

​

16,237

​

 

83,371

Total

​

 

361,697

​

​

279,492

​

 

641,189

​

 

333,723

​

 

265,528

​

 

599,251

​

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Endoscopy

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Endoscopy Devices

​

 

19,061

​

 

1,261

​

 

20,322

​

 

17,219

​

 

1,151

​

 

18,370

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total

​

$

380,758

​

$

280,753

​

$

661,511

​

$

350,942

​

$

266,679

​

$

617,621

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