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Revenue recognition and accounts receivable (Tables)

6 Months Ended

Jun. 30, 2020

Revenue Recognition And Accounts Receivable [Line Items]

Schedule of Net Sales by Major Product Category by Reporting Segment

The tables below presents net sales by major product category by reporting segment:

		Three Months Ended June 30,
(U.S. Dollars, in thousands)		2020				2019				Change
Bone Growth Therapies		$	28,379			$	50,109				-43.4	%
Spinal Implants			18,594				23,226				-19.9	%
Biologics			11,125				16,744				-33.6	%
Global Spine			58,098				90,079				-35.5	%
Global Extremities			15,037				25,771				-41.7	%
Net sales		$	73,135			$	115,850				-36.9	%

		Six Months Ended June 30,
(U.S. Dollars, in thousands)		2020				2019				Change
Bone Growth Therapies		$	73,822			$	97,392				-24.2	%
Spinal Implants			41,520				46,129				-10.0	%
Biologics			25,074				32,476				-22.8	%
Global Spine			140,416				175,997				-20.2	%
Global Extremities			37,542				48,965				-23.3	%
Net sales		$	177,958			$	224,962				-20.9	%

Schedule of Components Net Sales

The table below presents product sales and marketing service fees, which are both components of net sales:

		Three Months Ended June 30,								Six Months Ended June 30,
(U.S. Dollars, in thousands)		2020				2019				2020				2019
Product sales		$	62,435			$	99,865			$	153,856			$	193,799
Marketing service fees			10,700				15,985				24,102				31,163
Net sales		$	73,135			$	115,850			$	177,958			$	224,962

Allowances for Expected Credit Losses

The following table provides a detail of changes in the Company’s allowance for expected credit losses for the three and six months ended June 30, 2020:

(U.S. Dollars, in thousands)		Three Months Ended June 30, 2020				Six Months Ended June 30, 2020
Allowance for expected credit losses beginning balance		$	5,591			$	3,987
Impact of adoption of ASU 2016-13			—				1,120
Current period provision for expected credit losses			885				1,564
Writeoffs charged against the allowance and other			(224	)			(338	)
Effect of changes in foreign exchange rates			112				31
Allowance for expected credit losses ending balance		$	6,364			$	6,364

ASU 2016-13 [Member]

Revenue Recognition And Accounts Receivable [Line Items]

Schedule of Net Impact of Adoption to Balance Sheet

The net impact of adoption to the Company’s balance sheet as of January 1, 2020 is presented in the table below. The standard did not have a material impact to the Company’s condensed consolidated statements of operations or cash flows. 

(U.S. Dollars, in thousands)		December 31, 2019				Impact of Adoption of ASC 326				January 1, 2020
Assets
Current assets
Cash, cash equivalents, and restricted cash		$	70,403			$	—			$	70,403
Accounts receivable, net			86,805				(1,120	)			85,685
Inventories			82,397				—				82,397
Prepaid expenses and other current assets			20,948				—				20,948
Total current assets			260,553				(1,120	)			259,433
Deferred income taxes			35,117				233				35,350
Other long-term assets			199,950				—				199,950
Total assets		$	495,620			$	(887	)		$	494,733
Liabilities and shareholders’ equity
Total liabilities		$	167,989			$	—			$	167,989
Shareholders’ equity
Common shares		$	1,902			$	—			$	1,902
Additional paid-in capital			271,019				—				271,019
Retained earnings			57,749				(887	)			56,862
Accumulated other comprehensive loss			(3,039	)			—				(3,039	)
Total shareholders’ equity			327,631				(887	)			326,744
Total liabilities and shareholders’ equity		$	495,620			$	(887	)		$	494,733

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