|9 Months Ended|
Sep. 30, 2020
|Segment Reporting [Abstract]|
Note 14—Segment Information
The Company has organized its business into two operating segments based on the product specialties: the vascular segment and the dermatology segment.
In deciding how to allocate resources and assess performance, the Company’s chief operating decision maker regularly evaluates the sales and gross profit of these segments. Amounts included within selling, general and administrative expense and research and development expense are general to the Company and not specific to a particular segment; therefore, these amounts are not evaluated by the Company’s chief operating decision maker on a segmented basis.
The following tables summarize segment performance (in thousands):
Generally, all assets are common assets, except for lasers placed with customers, which are a subset of property and equipment. The net book value of the lasers in the vascular segment was $2.0 million and $2.6 million as of September 30, 2020 and December 31, 2019, respectively. The net book value of the lasers in the dermatology segment was $0.7 million and $0.9 million as of September 30, 2020 and December 31, 2019, respectively.
No sales to an individual customer or country other than the United States accounted for more than 10% of revenue for the three and nine months ended September 30, 2020. Sales to one individual customer and country accounted for 13% of revenue in the three months ended September 30, 2019. No sales to an individual customer or country other than the United States accounted for more than 10% of net revenue for the nine months ended September 30, 2019. Net revenue, classified by the major geographic areas in which our customers are located, was as follows (in thousands):
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef