XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.21.2

Revenue recognition and accounts receivable (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Revenue Recognition And Accounts Receivable [Abstract] |
Schedule of Net Sales by Major Product Category by Reporting Segment | The table below presents net sales by major product category by reporting segment:
|  | Three Months Ended June 30, |
(U.S. Dollars, in thousands) |  | 2021 |  |  | 2020 |  |  | Change |
Bone Growth Therapies |  | $ | 49,706 |  |  | $ | 28,379 |  |  |  | 75.2 | %
Spinal Implants |  |  | 30,092 |  |  |  | 18,594 |  |  |  | 61.8 | %
Biologics |  |  | 14,852 |  |  |  | 11,125 |  |  |  | 33.5 | %
Global Spine |  |  | 94,650 |  |  |  | 58,098 |  |  |  | 62.9 | %
Global Orthopedics |  |  | 26,744 |  |  |  | 15,037 |  |  |  | 77.9 | %
Net sales |  | $ | 121,394 |  |  | $ | 73,135 |  |  |  | 66.0 | %
|  | Six Months Ended June 30, |
(U.S. Dollars, in thousands) |  | 2021 |  |  | 2020 |  |  | Change |
Bone Growth Therapies |  | $ | 92,653 |  |  | $ | 73,822 |  |  |  | 25.5 | %
Spinal Implants |  |  | 55,793 |  |  |  | 41,520 |  |  |  | 34.4 | %
Biologics |  |  | 28,544 |  |  |  | 25,074 |  |  |  | 13.8 | %
Global Spine |  |  | 176,990 |  |  |  | 140,416 |  |  |  | 26.0 | %
Global Orthopedics |  |  | 49,997 |  |  |  | 37,542 |  |  |  | 33.2 | %
Net sales |  | $ | 226,987 |  |  | $ | 177,958 |  |  |  | 27.6 | %
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) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Product sales |  | $ | 106,947 |  |  | $ | 62,435 |  |  | $ | 199,210 |  |  | $ | 153,856 |
Marketing service fees |  |  | 14,447 |  |  |  | 10,700 |  |  |  | 27,777 |  |  |  | 24,102 |
Net sales |  | $ | 121,394 |  |  | $ | 73,135 |  |  | $ | 226,987 |  |  | $ | 177,958 |
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, 2021 and 2020:
(U.S. Dollars, in thousands) |  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Allowance for expected credit losses beginning balance |  | $ | 4,506 |  |  | $ | 5,591 |  |  | $ | 4,848 |  |  | $ | 3,987 |
Impact of adoption of ASU 2016-13 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,120 |
Current period provision (recovery) for expected credit losses |  |  | (32 | ) |  |  | 885 |  |  |  | (214 | ) |  |  | 1,564 |
Writeoffs charged against the allowance and other |  |  | (34 | ) |  |  | (224 | ) |  |  | (80 | ) |  |  | (338 | )
Effect of changes in foreign exchange rates |  |  | 31 |  |  |  | 112 |  |  |  | (83 | ) |  |  | 31 |
Allowance for expected credit losses ending balance |  | $ | 4,471 |  |  | $ | 6,364 |  |  | $ | 4,471 |  |  | $ | 6,364 |
Schedule of Changes in Contract Liability |
(U.S. Dollars, in thousands) |  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Contract liability beginning balance |  | $ | 13,851 |  |  | $ | — |  |  | $ | 13,851 |  |  | $ | — |
Additions |  |  | — |  |  |  | 13,851 |  |  |  | — |  |  |  | 13,851 |
Recoupment recognized in net sales |  |  | (2,880 | ) |  |  | — |  |  |  | (2,880 | ) |  |  | — |
Contract liability ending balance |  | $ | 10,971 |  |  | $ | 13,851 |  |  | $ | 10,971 |  |  | $ | 13,851 |
Other Contract Assets

X
- Definition Revenue recognition and accounts receivable. + References No definition available. + Details
Name: | ofix_RevenueRecognitionAndAccountsReceivableAbstract
Namespace Prefix: | ofix_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of net sales. + References No definition available. + Details
Name: | ofix_ScheduleOfNetSalesTableTextBlock
Namespace Prefix: | ofix_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration