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Discontinued Operations | 3 Months Ended
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Mar. 30, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued operations | Discontinued operations On February 27, 2023 the Company reached a Settlement Agreement with the Former Securityholders of CartiHeal that resulted in the transfer of 100% of Company’s shares in CartiHeal to a Trustee. Refer to Note 3. Acquisitions and divestitures for further details concerning the Settlement Agreement and the deconsolidation of CartiHeal. CartiHeal had no sales during the year ended December 31, 2023. The following table summarizes the major income and expense line items of these discontinued operations, as reported in the consolidated statements of operations for the three months ended April 1, 2023:
| Three Months Ended
| March 30, 2024 |  | April 1, 2023
Selling, general and administrative expense | $ | — |  |  | $ | 1,728 |
Research and development expense | — |  |  | 396 |
Change in fair value of contingent consideration(a) | — |  |  | 1,710 |
Depreciation and amortization(a) | — |  |  | 4,264 |
Impairments of assets | — |  |  | — |
Operating loss from discontinued operations | — |  |  | 8,098 |
Interest expense, net | — |  |  | 4,889 |
Other (income) expense(b) | — |  |  | 61,442 |
Other (income) expense | — |  |  | 66,331 |
Loss before income taxes | — |  |  | (74,429) |
Income tax benefit, net | — |  |  | — |
Net loss from discontinued operations | — |  |  | (74,429) |
Loss attributable to noncontrolling interest - discontinued operations | — |  |  | 14,937 |
Net loss attributable to Bioventus Inc. - discontinued operations | $ | — |  |  | $ | (59,492) |
(a)Depreciation and amortization and the change in fair value of contingent consideration represents the significant operating non-cash items of discontinued operations. (b)Other expense includes the $60,639 loss on deconsolidation, of which $10,150 was attributable to non-refundable payments. Total investing cash outflows included these non-refundable payments and $1,356 cash on hand at disposal.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent + Details
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