XML 42 R23.htm IDEA: XBRL DOCUMENT
v3.25.1

Discontinuation of M6 Product Lines and Held-for-Sale Assets | 3 Months Ended
--- | ---
Mar. 31, 2025
Discontinuation of Product Line and Held for Sale Assets [Abstract] |
Discontinuation of M6 Product Lines and Held-for-Sale Assets | 15. Discontinuation of M6 product lines and held-for-sale assets In January 2025, the Company announced its plan to discontinue its M6-C artificial cervical disc and M6-L artificial lumbar disc product lines (together, the "M6 artificial discs" or "M6 product lines") in order to allocate associated resources and investment to more profitable growth opportunities. In accordance with ASC 205, Presentation of Financial Statements, the Company determined that the discontinuation of the M6 artificial discs does not represent a strategic shift that will have a major effect on our consolidated financial results. Therefore, any related financial results were not reported as discontinued operations. Although the M6 product lines did not meet the criteria to be considered a discontinued operation, these assets were determined to meet the criteria to be classified as held for sale as of March 31, 2025, as the Company expects to complete the sale of these assets before December 31, 2025. Financial results for the Company’s M6 product lines continue to be presented within the Company’s consolidated statements of operations and comprehensive loss. A summary of impairment charges recognized during the three months ended March 31, 2025, and the associated financial statement lines in which such costs are recognized is shown in the table below. All such charges are included within the Company’s Global Spine reporting segment.
(Unaudited, U.S. Dollars, in thousands) | Financial Statement Line Item | Three Months Ended March 31,2025 |
Inventory reserve charges | Cost of sales | $ | 8,703 |
Impairment of property, plant, and equipment | Operating expenses |  | 6,226 |
Impairment of developed technology intangible asset | Acquisition-related amortization, impairment, and remeasurement |  | 14,097 |
Loss on M6 inventories and long-lived assets held for sale | $ | 29,026 |
In addition, significant classes of assets and liabilities associated with the M6 product lines, which is classified as held for sale, are shown in the table below:
(Unaudited, U.S. Dollars, in thousands) | March 31, 2025 |
Inventories | $ | 3,929 |
Property, plant, and equipment, net |  | — |
Intangible assets, net |  | — |
Net carrying value of disposal group | $ | 3,929 |

X
- Definition Discontinuation of M6 product line and held for sale assets disclosure. + References No definition available. + Details
Name: | ofix_DiscontinuationOfM6ProductLineAndHeldForSaleAssetsDisclosure
Namespace Prefix: | ofix_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Discontinuation of product line and held-for-sale assets. + References No definition available. + Details
Name: | ofix_DiscontinuationOfProductLineAndHeldForSaleAssetsAbstract
Namespace Prefix: | ofix_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration