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SEGMENT AND GEOGRAPHIC INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The table below presents information about reported segments for the years ended December 31, 2024, 2023, and 2022 are as follows:
Dollars in thousands | Codman Specialty Surgical |  | Tissue Technologies |  | Corporate and Other |  | Total
2024 Total revenue, net | $ | 1,143,636 |  |  | $ | 466,891 |  |  | $ | — |  |  | $ | 1,610,527 |
Cost of goods sold | 384,422 |  |  | 162,535 |  |  | 181,509 |  |  | 728,466 |
Research and development | 30,770 |  |  | 18,140 |  |  | 66,467 |  |  | 115,377 |
Selling, general and administrative | 224,370 |  |  | 147,047 |  |  | 345,566 |  |  | 716,983 |
Intangible asset amortization | — |  |  | — |  |  | 21,290 |  |  | 21,290 |
2024 Total cost and expenses | 639,562 |  |  | 327,722 |  |  | 614,832 |  |  | 1,582,116 |
2024 Operating income (loss) | $ | 504,074 |  |  | $ | 139,169 |  |  | $ | (614,832) |  |  | 28,411 |
Interest income |  |  |  |  |  |  | 20,040 |
Interest expense |  |  |  |  |  |  | (70,632) |
Other income, net |  |  |  |  |  |  | 3,944 |
(Loss) before income taxes |  |  |  |  |  |  | $ | (18,237) |
| Codman Specialty Surgical |  | Tissue Technologies |  | Corporate and Other |  | Total
2023 Total revenue, net | $ | 1,058,993 |  |  | $ | 482,580 |  |  | $ | — |  |  | $ | 1,541,573 |
Cost of goods sold | 364,144 |  |  | 164,966 |  |  | 127,728 |  |  | 656,838 |
Research and development | 29,984 |  |  | 24,202 |  |  | 50,006 |  |  | 104,192 |
Selling, general and administrative | 214,335 |  |  | 159,364 |  |  | 282,942 |  |  | 656,641 |
Intangible asset amortization | — |  |  | — |  |  | 12,376 |  |  | 12,376 |
2023 Total cost and expenses | 608,463 |  |  | 348,532 |  |  | 473,052 |  |  | 1,430,047 |
2023 Operating income (loss) | $ | 450,530 |  |  | $ | 134,048 |  |  | $ | (473,052) |  |  | 111,526 |
Interest income |  |  |  |  |  |  | 17,202 |
Interest expense |  |  |  |  |  |  | (51,377) |
Other income, net |  |  |  |  |  |  | 3,718 |
Income before income taxes |  |  |  |  |  |  | $ | 81,069 |
| Codman Specialty Surgical |  | Tissue Technologies |  | Corporate and Other |  | Total
2022 Total revenue, net | $ | 1,019,564 |  |  | $ | 538,102 |  |  | $ | — |  |  | $ | 1,557,666 |
Cost of goods sold | 345,742 |  |  | 120,937 |  |  | 120,676 |  |  | 587,355 |
Research and development | 35,902 |  |  | 28,936 |  |  | 36,355 |  |  | 101,193 |
Selling, general and administrative | 220,047 |  |  | 154,427 |  |  | 241,842 |  |  | 616,316 |
Intangible asset amortization | — |  |  | — |  |  | 13,882 |  |  | 13,882 |
2022 Total cost and expenses | 601,691 |  |  | 304,300 |  |  | 412,755 |  |  | 1,318,746 |
2022 Operating income (loss) | $ | 417,873 |  |  | $ | 233,802 |  |  | $ | (412,755) |  |  | 238,920 |
Interest income |  |  |  |  |  |  | 11,917 |
Interest expense |  |  |  |  |  |  | (49,594) |
Gain on sale of business |  |  |  |  |  |  | 644 |
Other income, net |  |  |  |  |  |  | 12,007 |
Income before income taxes |  |  |  |  |  |  | $ | 213,894 |
Schedule of Geographic Revenue, by Area | Total revenue, net and tangible long-lived assets by major geographic area are summarized below:
Dollars in thousands | United States |  | Europe |  | Asia Pacific |  | Rest of the World |  | Consolidated
Total revenue, net: |  |  |  |  |  |  |  |  |
2024 | $ | 1,192,675 |  |  | $ | 158,496 |  |  | $ | 176,614 |  |  | $ | 82,742 |  |  | $ | 1,610,527 |
2023 | 1,100,730 |  |  | 165,221 |  |  | 193,096 |  |  | 82,526 |  |  | 1,541,573 |
2022 | 1,126,810 |  |  | 170,903 |  |  | 176,477 |  |  | 83,476 |  |  | 1,557,666 |
Total long-lived assets: |  |  |  |  |  |  |  |  |
2024 | 534,336 |  |  | 52,385 |  |  | 28,264 |  |  | 1,295 |  |  | 616,280 |
2023 | 481,508 |  |  | 51,730 |  |  | 19,842 |  |  | 1,497 |  |  | 554,577 |
2022 | 440,223 |  |  | 60,857 |  |  | 12,975 |  |  | 2,721 |  |  | 516,776 |

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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