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Business Combinations (Tables) | 6 Months Ended
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Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as a result of the In2Bones Acquisition. The assessment of fair value is based on preliminary valuations and estimates that were available to management at the time the consolidated condensed financial statements were prepared. Accordingly, the allocation of purchase price is preliminary and therefore subject to adjustment during the measurement adjustment period.
Cash | $ | 445 |
Accounts receivable, net | 5,036 |
Inventories | 24,247 |
Prepaid expenses and other current assets | 403 |
Current assets | 30,131 |
Goodwill | 140,338 |
Developed technology | 37,300 |
Distributor relationships | 26,600 |
Other long-term assets | 2,875 |
Total assets acquired | $ | 237,244 |
Current liabilities assumed | 5,972 |
Deferred income taxes | 16,457 |
Contingent consideration | 69,402 |
Other long-term liabilities | 413 |
Total liabilities assumed | $ | 92,244 |
Net assets acquired | $ | 145,000 |
Fair Value Measurement Inputs and Valuation Techniques | The recurring Level 3 fair value measurements of contingent consideration for which the liability is recorded include the following significant unobservable inputs:
Unobservable Input |  | Assumptions
Discount rate |  | 5.67%
Revenue volatility |  | 12.75%
Projected year of payment |  | 2023-2026

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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