XML 92 R76.htm IDEA: XBRL DOCUMENT v3.6.0.2
Quarterly Data (unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
[1],[2]
Sep. 30, 2016
[2]
Jun. 30, 2016
[2],[3]
Mar. 31, 2016
[1],[2],[4]
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
[5]
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]                      
Revenue $ 271,109 $ 239,649 $ 236,210 $ 215,104 $ 215,282 $ 200,538 $ 202,910 $ 192,383 $ 962,072 $ 811,113 $ 762,415
Gross profit 204,183 180,453 176,465 160,878 164,049 151,371 154,495 146,719 721,979 616,634 580,057
Consolidated net (loss) income 5,966 3,495 29,790 (3,825) 11,103 12,750 10,040 31,397 35,426 65,290 (17,496)
Net (loss) income attributable to NuVasive, Inc. $ 6,376 $ 3,926 $ 30,213 $ (3,368) $ 11,503 $ 12,960 $ 10,268 $ 31,560 $ 37,147 $ 66,291 $ (16,720)
Basic net (loss) income per common share attributable to NuVasive, Inc. $ 0.13 $ 0.08 $ 0.60 $ (0.07) $ 0.23 $ 0.26 $ 0.21 $ 0.66 $ 0.74 $ 1.36 $ (0.36)
Diluted net (loss) income per common share attributable to NuVasive, Inc. $ 0.11 $ 0.07 $ 0.57 $ (0.07) $ 0.22 $ 0.24 $ 0.20 $ 0.61 $ 0.69 $ 1.26 $ (0.36)
[1] Consolidated financial results include losses from repurchases of Senior Convertible Notes due 2017 of $17.4 million and $1.7 million in the first and fourth quarters of fiscal year 2016, respectively.
[2] The unaudited quarterly financial data set forth for the year ended December 31, 2016 includes the operations and results of Ellipse Technologies, BNN Holdings and the Company’s other acquisitions from their respective dates of acquisition. See Note 5 to the Consolidated Financial Statements included in this Annual Report for further discussion.
[3] Consolidated financial results include a litigation liability gain of $43.3 million in connection with the settlement of all outstanding litigation matters with Medtronic.
[4] The Company elected to early adopt ASU 2016-09 in the second quarter of 2016. As a result, the Company recorded a retrospective adjustment to the previously reported first quarter 2016 provision for income taxes of approximately $5.5 million for the recognition of excess tax benefits in the provision for income taxes rather than additional paid-in capital and a decrease in net loss per share of $0.11 for the three months ended March 31, 2016. See Note 1 to the Consolidated Financial Statements included in this Annual Report for further discussion.
[5] Consolidated financial results include a purchase order for $4.8 million from an organization established by certain former stockholders of Ellipse Technologies. See Note 4 to the Consolidated Financial Statements included in this Annual Report for further discussion on the purchase order.