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Segments and Geographical Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Summarized financial information by segment is as follows (in thousands):

						Three Months Ended March 31,
						2023						2022
Net revenues
Clear Aligner						$	789,804					$	809,696
Systems and Services						153,343						163,523
Total net revenues						$	943,147					$	973,219
Gross profit
Clear Aligner						$	566,139					$	605,696
Systems and Services						94,515						103,650
Total gross profit						$	660,654					$	709,346
Income from operations
Clear Aligner						$	277,521					$	312,719
Systems and Services						35,576						50,799
Unallocated corporate expenses						(179,581)						(165,436)
Total income from operations						$	133,516					$	198,082
Stock-based compensation
Clear Aligner						$	4,654					$	2,854
Systems and Services						321						214
Unallocated corporate expenses						32,760						28,553
Total stock-based compensation						$	37,735					$	31,621
Depreciation and amortization
Clear Aligner						$	16,398					$	13,767
Systems and Services						8,146						6,922
Unallocated corporate expenses						11,276						8,937
Total depreciation and amortization						$	35,820					$	29,626

The following table reconciles total segment income from operations in the table above to net income before provision for income taxes (in thousands):

						Three Months Ended March 31,
						2023						2022
Total segment income from operations						$	313,097					$	363,518
Unallocated corporate expenses						(179,581)						(165,436)
Total income from operations						133,516						198,082
Interest income						2,337						677
Other income (expense), net						(1,229)						(11,273)
Net income before provision for income taxes						$	134,624					$	187,486

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

Net revenues are presented below by geographic area (in thousands):

						Three Months Ended March 31,
						2023						2022
Net revenues 1:
U.S.						$	411,138					$	420,920
Switzerland						313,131						331,739
Other International						218,878						220,560
Total net revenues						$	943,147					$	973,219

1 Net revenues are attributed to countries based on the location of where revenues are recognized by our legal entities.

Tangible long-lived assets, which includes Property, plant and equipment, net, and Operating lease right-of-use assets, net, are presented below by geographic area (in thousands):

						March 31, 2023						December 31, 2022
Long-lived assets 1:
Switzerland						$	563,557					$	532,921
U.S.						212,323						214,804
Other International2						604,824						603,010
Total long-lived assets						$	1,380,704					$	1,350,735

1 Long-lived assets are attributed to countries based on the location of our entity that owns or leases the assets.

2 Certain prior period immaterial amounts have been reclassified to conform to current presentation.

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

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-Publisher FASB
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