XML 47 R33.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Intangible assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets are recorded at cost, or when acquired as a part of a business combination, at estimated fair value, less accumulated amortization. These assets are amortized on a straight-line basis over the useful lives of the assets, which the Company believes is materially consistent with the pattern of economic benefit provided by the assets.
|  |  |  | December 31, |
(U.S. Dollars, in thousands) |  | Weighted Average Amortization Period |  | 2023 |  |  | 2022 |
Cost |  |  |  |  |  |  |  |
Developed technology |  | 7.9 years |  | $ | 92,416 |  |  | $ | 43,699 |
Patents |  | 10.0 years |  |  | 43,262 |  |  |  | 40,108 |
IPR&D |  | Indefinite |  |  | 4,674 |  |  |  | 300 |
Customer relationships |  | 12.1 years |  |  | 49,197 |  |  |  | 15,572 |
License and other |  | 9.6 years |  |  | 24,584 |  |  |  | 23,295 |
Trademarks—finite lived |  | 10.0 years |  |  | 1,797 |  |  |  | 1,875 |
|  | 9.5 years |  |  | 215,930 |  |  |  | 124,849 |
Accumulated amortization |  |  |  |  |  |  |  |
Developed technology |  |  |  | $ | (28,898 | ) |  | $ | (17,830 | )
Patents |  |  |  |  | (40,494 | ) |  |  | (37,506 | )
Customer relationships |  |  |  |  | (11,988 | ) |  |  | (6,938 | )
License and other |  |  |  |  | (16,240 | ) |  |  | (14,386 | )
Trademarks—finite lived |  |  |  |  | (820 | ) |  |  | (801 | )
|  |  |  |  | (98,440 | ) |  |  | (77,461 | )
Intangible assets, net |  |  |  | $ | 117,490 |  |  | $ | 47,388 |
Schedule of Future Amortization Expense | Future amortization expense for intangible assets is estimated as follows:
(U.S. Dollars, in thousands) |  | Amortization |
2024 |  | $ | 20,948 |
2025 |  |  | 19,849 |
2026 |  |  | 18,810 |
2027 |  |  | 18,426 |
2028 |  |  | 14,890 |
Thereafter |  |  | 19,893 |
Total finite-lived intangible assets, net |  | $ | 112,816 |
Indefinite-lived intangible assets, net |  |  | 4,674 |
Intangible assets, net |  | $ | 117,490 |

X
- Definition Schedule of finite and indefinite lived intangible assets future amortization expense. + References No definition available. + Details
Name: | ofix_ScheduleOfFiniteAndIndefiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | ofix_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite lived and indefinite lived intangibles assets, in total and by major class, including the gross carrying amount and accumulated amortization. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. + References No definition available. + Details
Name: | ofix_ScheduleOfFiniteLivedAndIndefiniteLivedIntangibleAssetsByMajorClassTableTextBlock
Namespace Prefix: | ofix_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration