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Revenue recognition and accounts receivable (Tables)

6 Months Ended

Jun. 30, 2024

Revenue Recognition And Accounts Receivable [Abstract]

Schedule of Net Sales by Product Category by Reporting Segment

The table below presents net sales by product category by reporting segment:

		Three Months Ended June 30,
(Unaudited, U.S. Dollars, in thousands)		2024				2023				Change
Bone Growth Therapies		$	59,135			$	52,662				12.3	%
Spinal Implants, Biologics, and Enabling Technologies			108,899				105,314				3.4	%
Global Spine			168,034				157,976				6.4	%
Global Orthopedics			30,586				29,040				5.3	%
Net sales		$	198,620			$	187,016				6.2	%

		Six Months Ended June 30,
(Unaudited, U.S. Dollars, in thousands)		2024				2023				Change
Bone Growth Therapies		$	111,612			$	100,376				11.2	%
Spinal Implants, Biologics, and Enabling Technologies			217,715				206,806				5.3	%
Global Spine			329,327				307,182				7.2	%
Global Orthopedics			57,901				55,038				5.2	%
Net sales		$	387,228			$	362,220				6.9	%

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)		2024				2023				2024				2023
Product sales		$	185,417			$	174,078			$	361,248			$	336,326
Marketing service fees			13,203				12,938				25,980				25,894
Net sales		$	198,620			$	187,016			$	387,228			$	362,220

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, 2024 and 2023:

		Three Months Ended June 30,								Six Months Ended June 30,
(Unaudited, U.S. Dollars, in thousands)		2024				2023				2024				2023
Allowance for expected credit losses beginning balance		$	8,398			$	6,691			$	7,130			$	6,419
Addition resulting from the Merger with SeaSpine			—				—				—				137
Current period provision for expected credit losses			197				282				1,573				490
Write-offs charged against the allowance and other			(184	)			6				(203	)			(120	)
Effect of changes in foreign exchange rates			(43	)			36				(132	)			89
Allowance for expected credit losses ending balance		$	8,368			$	7,015			$	8,368			$	7,015

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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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- Definition

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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