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Earnings per share (Tables)

3 Months Ended

Apr. 01, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The following table sets forth the computation of basic and diluted loss per share of Class A common stock for the periods presented (amounts in thousands, except share and per share data):

															Three Months Ended
															April 1, 2023						April 2, 2022
Numerator:
Net (loss) income from continuing operations, net of tax															$	(100,018)					$	(14,405)
Net loss attributable to noncontrolling interests — continuing operations															20,360						3,529
Net loss attributable to Bioventus Inc. Class A common stockholders —     continuing operations															$	(79,658)					$	(10,876)
Numerator:
Net (loss) income from discontinued operations, net of tax															$	(74,429)					$	(401)
Net loss attributable to noncontrolling interests — discontinued operations															14,937						—
Net loss attributable to Bioventus Inc. Class A common stockholders —     discontinued operations															$	(59,492)					$	(401)
Denominator:
Weighted-average shares of Class A common stock outstanding - basic and diluted															62,124,752						60,484,969
Net loss per share of Class A common stock from continuing operations, basic and diluted															$	(1.28)					$	(0.18)
Net loss per share of Class A common stock from discontinued operations, basic and diluted															(0.96)						(0.01)
Net loss per share of Class A common stock, basic and diluted															$	(2.24)					$	(0.19)

Schedule of Antidilutive Securities

The following number of weighted-average potentially dilutive shares as of April 1, 2023 and April 2, 2022 were excluded from the calculation of diluted loss per share because the effect of including such potentially dilutive shares would have been antidilutive upon conversion:

									Three Months Ended
															April 1, 2023						April 2, 2022
LLC Interests held by Continuing LLC Owner(a)															15,786,737						15,786,737
Stock options															8,517,045						8,757,706
RSUs															1,070,105						462,404
Total															25,373,887						25,006,847

(a)Class A Shares reserved for future issuance upon redemption or exchange of LLC Interests by the Continuing LLC Owner.

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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