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Revenue recognition and accounts receivable (Tables)

9 Months Ended

Sep. 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 September 30,
(Unaudited, U.S. Dollars, in thousands)		2023				2022				Change
Bone Growth Therapies		$	53,359			$	46,531				14.7	%
Spinal Implants, Biologics, and Enabling Technologies			100,993				39,655				154.7	%
Global Spine			154,352				86,186				79.1	%
Global Orthopedics			29,654				27,810				6.6	%

Net sales $ 184,006 $ 113,996 61.4 %

		Nine Months Ended September 30,
(Unaudited, U.S. Dollars, in thousands)		2023				2022				Change
Bone Growth Therapies		$	153,735			$	136,244				12.8	%
Spinal Implants, Biologics, and Enabling Technologies			307,799				123,379				149.5	%
Global Spine			461,534				259,623				77.8	%
Global Orthopedics			84,692				78,861				7.4	%
Net sales		$	546,226			$	338,484				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 September 30,								Nine Months Ended September 30,
(Unaudited, U.S. Dollars, in thousands)		2023				2022				2023				2022
Product sales		$	170,666			$	100,485			$	506,992			$	296,652
Marketing service fees			13,340				13,511				39,234				41,832
Net sales		$	184,006			$	113,996			$	546,226			$	338,484

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 nine months ended September 30, 2023 and 2022:

		Three Months Ended September 30,								Nine Months Ended September 30,
(Unaudited, U.S. Dollars, in thousands)		2023				2022				2023				2022
Allowance for expected credit losses beginning balance		$	7,015			$	5,589			$	6,419			$	4,944
Addition resulting from the Merger with SeaSpine			—				—				137				—
Current period provision for expected credit losses			415				574				905				1,713
Write-offs charged against the allowance and other			(214	)			10				(334	)			(236	)
Effect of changes in foreign exchange rates			(126	)			(225	)			(37	)			(473	)
Allowance for expected credit losses ending balance		$	7,090			$	5,948			$	7,090			$	5,948

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- Definition

Revenue recognition and accounts receivable.

+ References

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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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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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