XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Revenue $ 236,210 $ 202,910 $ 451,314 $ 395,293
Cost of goods sold (excluding below amortization of intangible assets) 59,745 48,415 113,971 94,079
Gross profit 176,465 154,495 337,343 301,214
Operating expenses:        
Sales, marketing and administrative 134,487 114,680 259,325 227,889
Research and development 11,871 8,774 22,500 18,038
Amortization of intangible assets 10,603 2,974 18,474 5,970
Litigation liability (gain) loss (43,310) 568 (43,310) (42,007)
Business transition costs 2,756 1,636 8,063 9,896
Total operating expenses 116,407 128,632 265,052 219,786
Interest and other expense, net:        
Interest income 406 344 734 763
Interest expense (10,537) (7,242) (19,009) (14,368)
Loss on repurchases of convertible notes     (17,444)  
Other (loss) income, net (246) (281) (196) 143
Total interest and other expense, net (10,377) (7,179) (35,915) (13,462)
Income before income taxes 49,681 18,684 36,376 67,966
Income tax expense (19,891) (8,644) (10,411) (26,529)
Consolidated net income 29,790 10,040 25,965 41,437
Add back net loss attributable to non-controlling interests (423) (228) (880) (391)
Net income attributable to NuVasive, Inc. $ 30,213 $ 10,268 $ 26,845 $ 41,828
Net income per share attributable to NuVasive, Inc.:        
Basic $ 0.60 $ 0.21 $ 0.54 $ 0.87
Diluted $ 0.57 $ 0.20 $ 0.51 $ 0.81
Weighted average shares outstanding:        
Basic 50,027 48,545 49,822 48,269
Diluted 53,159 51,681 52,354 51,700