XML 42 R27.htm IDEA: XBRL DOCUMENT
v3.22.0.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Accounting Policies [Abstract] |
Schedule of Inventories | Inventories consisted of the following:
| December 31,
Dollars in thousands | 2021 |  | 2020
Finished goods | 162,528 |  |  | $ | 180,301 |
Work in process | 65,323 |  |  | 53,336 |
Raw materials | 89,535 |  |  | 76,480 |
Total inventories, net | $ | 317,386 |  |  | $ | 310,117 |
Schedule of Property, Plant and Equipment Balances and Corresponding Lives | Property, plant and equipment balances and corresponding lives were as follows:
| December 31, |  |
Dollars in thousands | 2021 |  | 2020 |  | Useful Lives
Land | $ | 1,512 |  |  | $ | 1,541 |  |  |
Buildings and building improvements | 19,032 |  |  | 17,345 |  |  | 5-40 years
Leasehold improvements | 155,495 |  |  | 144,852 |  |  | 1-20 years
Machinery and production equipment | 183,270 |  |  | 166,973 |  |  | 3-20 years
Surgical instrument kits | 2,791 |  |  | 1,164 |  |  | 4-5 years
Information systems and hardware | 148,706 |  |  | 143,770 |  |  | 1-7 years
Furniture, fixtures, and office equipment | 20,921 |  |  | 20,843 |  |  | 1-15 years
Construction-in-progress | 94,850 |  |  | 73,890 |  |  |
Total | 626,577 |  |  | 570,378 |  |  |
Less: Accumulated depreciation | (314,874) |  |  | (282,849) |  |  |
Property, plant and equipment, net | $ | 311,703 |  |  | $ | 287,529 |  |  |
Schedule of Impact on Statement of Operations | The Company adopted this guidance on January 1, 2021 using the modified retrospective approach which resulted in a cumulative-effect adjustment that increased (decreased) the following consolidated balance sheet accounts:
ADJUSTMENT |  | CONSOLIDATED BALANCE SHEET CLASSIFICATION |  | AMOUNT (in millions)
Deferred tax impact of cumulative-effect adjustment |  | Deferred tax liabilities |  | $ | (20.6) |
Debt discount reclassification |  | Long-term convertible securities |  | 89.1
Equity issuance costs reclassification |  | Long-term convertible securities |  | (2.5) |
Debt discount amortization and equity costs reclassification, net of tax |  | Retained Earnings |  | (2.8) |
Net impact of cumulative-effect adjustment |  | Additional paid-in capital |  | (63.3) |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124437754&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=124437754&loc=d3e725-108305 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration