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Business segment information (Tables)
3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Schedule of Net Sales by SBU Reporting Segment

The table below presents net sales for continuing operations by SBU reporting segment. Net sales include product sales and marketing service fees. Marketing service fees, which are recorded on a net basis, are comprised of fees earned for the marketing of Trinity Evolution®, Trinity ELITE® and Versashield™ in our Biologics segment.

 

 

 

Net Sales by SBU

 

 

 

Three Months Ended March 31,

 

(U.S. Dollars, in thousands)

 

2015

 

 

2014

 

 

Reported

Increase (Decrease)

 

 

Constant

Currency

Increase (Decrease)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BioStim

 

$

37,700

 

 

$

37,137

 

 

 

2

%

 

 

2

%

Biologics

 

 

13,961

 

 

 

13,010

 

 

 

7

%

 

 

7

%

Extremity Fixation

 

 

21,815

 

 

 

27,066

 

 

 

(19

)%

 

 

(9

)%

Spine Fixation

 

 

16,286

 

 

 

22,801

 

 

 

(29

)%

 

 

(28

)%

Total Net Sales

 

$

89,762

 

 

$

100,014

 

 

 

(10

)%

 

 

(7

)%

 

Summary of Net Margin, Defined as Gross Profit Less Sales and Marketing Expenses from Continuing Operations by SBU Reporting Segment

The table below presents net margin, defined as gross profit less sales and marketing expenses from continuing operations by SBU reporting segment:

 

Net margin by SBU

 

Three Months Ended

March 31,

 

(U.S. Dollars, in thousands)

 

2015

 

 

2014

 

 

 

 

 

 

 

 

 

 

Net margin:

 

 

 

 

 

 

 

 

BioStim

 

$

14,013

 

 

$

15,020

 

Biologics

 

 

5,944

 

 

 

6,502

 

Extremity Fixation

 

 

7,016

 

 

 

6,933

 

Spine Fixation

 

 

(529

)

 

 

4,059

 

Corporate

 

 

(306

)

 

 

(444

)

Total net margin

 

 

26,138

 

 

 

32,070

 

General and administrative

 

 

21,164

 

 

 

17,276

 

Research and development

 

 

5,845

 

 

 

5,933

 

Amortization of intangible assets

 

 

405

 

 

 

584

 

Costs related to the accounting review and

   restatements

 

 

5,916

 

 

 

8,306

 

Operating loss

 

$

(7,192

)

 

$

(29

)