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Revenue recognition and accounts receivable (Tables)

6 Months Ended

Jun. 30, 2023

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,
(Unaudited, U.S. Dollars, in thousands)		2023				2022				Change
Bone Growth Therapies		$	52,662			$	47,765				10.3	%
Spinal Implants, Biologics, and Enabling Technologies			105,314				43,017				144.8	%
Global Spine			157,976				90,782				74.0	%
Global Orthopedics			29,040				27,288				6.4	%
Net sales		$	187,016			$	118,070				58.4	%

		Six Months Ended June 30,
(Unaudited, U.S. Dollars, in thousands)		2023				2022				Change
Bone Growth Therapies		$	100,376			$	89,713				11.9	%
Spinal Implants, Biologics, and Enabling Technologies			206,806				83,724				147.0	%
Global Spine			307,182				173,437				77.1	%
Global Orthopedics			55,038				51,051				7.8	%
Net sales		$	362,220			$	224,488				61.4	%

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,
(Unaudited, U.S. Dollars, in thousands)		2023				2022				2023				2022
Product sales		$	174,078			$	103,559			$	336,326			$	196,167
Marketing service fees			12,938				14,511				25,894				28,321
Net sales		$	187,016			$	118,070			$	362,220			$	224,488

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, 2023 and 2022:

		Three Months Ended June 30,								Six Months Ended June 30,
(Unaudited, U.S. Dollars, in thousands)		2023				2022				2023				2022
Allowance for expected credit losses beginning balance		$	6,691			$	5,389			$	6,419			$	4,944
Addition resulting from the Merger with SeaSpine			—				—				137				—
Current period provision for expected credit losses			282				539				490				1,139
Write-offs charged against the allowance and other			6				(142	)			(120	)			(246	)
Effect of changes in foreign exchange rates			36				(197	)			89				(248	)
Allowance for expected credit losses ending balance		$	7,015			$	5,589			$	7,015			$	5,589

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- Definition

Revenue recognition and accounts receivable.

+ References

No definition available.

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Schedule of net sales.

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Tabular disclosure of allowance for credit loss on accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

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- 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.

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