v3.22.2.2
Segment Reporting
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Reporting

13.   Segment Reporting. 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. We evaluate the performance of our operating segments based on net sales and income from operations.

Financial information relating to our reportable operating segments and reconciliations to the consolidated totals for the three and nine-month periods ended September 30, 2022 and 2021, were as follows (in thousands):

    

Three Months Ended

    

Nine Months Ended

    

September 30, 

    

September 30, 

    

2022

    

2021

    

2022

    

2021

Net sales

 

  

 

  

 

  

 

  

Cardiovascular

$

278,949

$

259,704

$

832,555

$

773,002

Endoscopy

 

8,226

 

7,317

 

25,011

 

23,257

Total net sales

 

287,175

 

267,021

 

857,566

 

796,259

Income from operations

 

  

 

  

 

  

 

  

Cardiovascular

 

17,435

 

14,411

 

51,836

 

33,389

Endoscopy

 

1,222

 

1,520

 

5,310

 

5,631

Total income from operations

 

18,657

 

15,931

 

57,146

 

39,020

Total other expense — net

 

(1,055)

 

(1,754)

 

(4,672)

 

(5,284)

Income tax expense

 

2,330

 

2,210

 

11,359

 

5,895

Net income

$

15,272

$

11,967

$

41,115

$

27,841