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Segment Data
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Data

15. Segment Data

 

Following the sale of our spine segment (as discussed in Notes 1 and 3), we have one reportable segment: dental. Our dental segment develops, manufactures and markets a comprehensive portfolio of products and solutions designed to support dental tooth replacement and restoration procedures. We derive revenues from customers by providing dental reconstructive implants, biomaterial products for soft tissue and bone rehabilitation and digital dentistry workflow solutions. We earn revenues primarily in North America and manage our business activities on a consolidated basis.

 

The accounting policies of the dental segment are the same as those described in Note 2. Our CODM, who is our Chief Executive Officer, assesses performance of ZimVie and decides how to allocate resources based on net income (loss), which is also reported on

the consolidated statement of operations as Net loss from continuing operations of ZimVie Inc. The measure of segment assets is reported on the consolidated balance sheet as total consolidated assets.

 

Our CODM uses Net loss from continuing operations of ZimVie Inc. to evaluate income (loss) generated from segment assets in determining whether to reinvest cash into the dental segment or into other parts of our business, such as for acquisitions or debt service. Net loss from continuing operations of ZimVie Inc. is also used to monitor budget versus actual results, which is a key factor in establishing management's compensation.

 

We conduct business in the following countries that hold 10% or more of our total combined property, plant and equipment, net (in thousands):

 

 

 

As of December 31,

 

 

 

2024

 

 

2023

 

U.S.

 

$

29,341

 

 

$

35,444

 

Spain

 

 

14,780

 

 

 

14,431

 

Other countries

 

 

3,147

 

 

 

4,292

 

Property, plant and equipment, net

 

$

47,268

 

 

$

54,167

 

 

U.S. and foreign sales (based on the location of the customer) are as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

U.S.

 

$

266,816

 

 

$

269,557

 

 

$

272,726

 

Spain

 

 

50,032

 

 

 

51,025

 

 

 

34,837

 

Other countries

 

 

132,901

 

 

 

136,615

 

 

 

152,118

 

Third party sales

 

$

449,749

 

 

$

457,197

 

 

$

459,681

 

 

Sales within any other individual country were less than 10% of our combined sales in each of those years. No single customer accounted for 10% or more of our sales in the years ended December 31, 2024, 2023 and 2022.