Business Combinations (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination Description [Abstract]

Summary of Preliminary Allocation of Purchase Price to Assets Acquired and Liabilities Assumed

The allocation of the purchase price to the assets acquired and liabilities assumed based on their fair values is as follows:

(in thousands)
Cash paid for purchase	$	151,026
Cash		1,563
Accounts receivable		203
Inventory		6,710
Other current assets		568
Property, plant and equipment, net		381
Definite-lived intangible assets:
Developed technology		141,700
Patents		19,000
Trade names		3,500
Goodwill		81,125
Other assets		7
Contingent consideration liabilities		(103,400	)
Accounts payable, accrued expenses and other		(331	)
	$	151,026

Schedule of Unaudited Pro Forma Information

The pre-acquisition accounting policies of Simplify Medical were materially similar to the Company.

(unaudited)	Years Ended December 31,
(in thousands, except per share amounts)	2021			2020
Net loss	$	(67,630	)	$	(69,764	)
Net loss per share:
Basic	$	(1.31	)	$	(1.36	)
Diluted	$	(1.31	)	$	(1.36	)