XML 52 R31.htm IDEA: XBRL DOCUMENT
v3.20.4

Acquisitions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Business Acquisition [Line Items] |
Summary of Fair Values of Assets Acquired and Consideration Paid | The following table summarizes the fair values of assets acquired and of consideration paid:
(U.S. Dollars, in thousands) |  | Fair Value |  |  | Balance Sheet Classification |  | Assigned Useful Life
Fair Value of Consideration Transferred |  |  |  |  |  |  |  |
Cash paid or payable |  | $ | 7,200 |  |  |  |  |
Contingent consideration |  |  | 375 |  |  |  |  |
Total fair value of consideration transferred |  | $ | 7,575 |  |  |  |  |
Fair value of assets acquired |  |  |  |  |  |  |  |
Customer relationships |  | $ | 7,340 |  |  | Intangible assets, net |  | 5 years
Assembled workforce |  |  | 235 |  |  | Intangible assets, net |  | 5 years
Total fair value of assets acquired |  | $ | 7,575 |  |  |  |  |
Wittenstein [Member] | FITBONE Asset Purchase Agreement [Member] |
Business Acquisition [Line Items] |
Summary of Final Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the final fair values of assets acquired and liabilities assumed at the acquisition date. The Company’s purchase accounting was completed in the fourth quarter of 2020.
(U.S. Dollars, in thousands) |  | Acquisition Date Fair Value |  |  | Balance Sheet Classification |  | Assigned Useful Life
Assets acquired |  |  |  |  |  |  |  |
Inventories |  | $ | 528 |  |  | Inventories |  |
Developed technology |  |  | 4,500 |  |  | Intangible assets, net |  | 8 years
Customer relationships |  |  | 800 |  |  | Intangible assets, net |  | 15 years
Trade name |  |  | 600 |  |  | Intangible assets, net |  | 15 years
In-process research and development ("IPR&D") |  |  | 300 |  |  | Intangible assets, net |  | Indefinite
Total identifiable assets acquired |  |  | 6,728 |  |  |  |  |
Goodwill |  |  | 11,272 |  |  |  |  |
Total fair value of consideration transferred |  | $ | 18,000 |  |  |  |  |
Spinal Kinetics [Member] |
Business Acquisition [Line Items] |
Summary of Final Fair Values of Assets Acquired and Liabilities Assumed | Purchase Price Allocations for Acquisitions Completed in 2019 and 2018
(U.S. Dollars, in thousands) |  | Spinal Kinetics |  |  | Assigned Useful Life |  | Options Medical |  |  | Assigned Useful Life
Assets acquired |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 6,785 |  |  |  |  | $ | — |  |  |
Restricted cash |  |  | 30 |  |  |  |  |  | — |  |  |
Accounts receivable |  |  | 1,705 |  |  |  |  |  | — |  |  |
Inventories |  |  | 8,175 |  |  |  |  |  | — |  |  |
Prepaid expenses and other current assets |  |  | 315 |  |  |  |  |  | — |  |  |
Property, plant and equipment |  |  | 2,285 |  |  |  |  |  | — |  |  |
Other long-term assets |  |  | 320 |  |  |  |  |  | 175 |  |  |
Intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  |  | — |  |  | N/A |  |  | 5,832 |  |  | 10 years
Developed technology |  |  | 12,400 |  |  | 10 years |  |  | — |  |  | N/A
In-process research and development |  |  | 26,800 |  |  | Indefinite |  |  | — |  |  | N/A
Tradename |  |  | 100 |  |  | 2 years |  |  | — |  |  | N/A
Assembled workforce |  |  | — |  |  | N/A |  |  | 568 |  |  | 5 years
Deferred income taxes |  |  | 3,594 |  |  |  |  |  | — |  |  |
Total identifiable assets acquired |  | $ | 62,509 |  |  |  |  | $ | 6,575 |  |  |
Liabilities assumed |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 351 |  |  |  |  | $ | — |  |  |
Other current liabilities |  |  | 2,869 |  |  |  |  |  | 69 |  |  |
Other long-term liabilities |  |  | 301 |  |  |  |  |  | 106 |  |  |
Total liabilities assumed |  |  | 3,521 |  |  |  |  |  | 175 |  |  |
Goodwill |  |  | 17,612 |  |  |  |  |  | — |  |  |
Total fair value of consideration transferred |  | $ | 76,600 |  |  |  |  | $ | 6,400 |  |  |

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=121647850&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=ofix_WittensteinMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis=ofix_FitboneAssetPurchaseAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=ofix_SpinalKineticsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |