XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated condensed statements of operations and comprehensive (loss) income - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Income Statement [Abstract]    
Net sales $ 117,290 $ 81,778
Cost of sales (including depreciation and amortization of $9,218 and $5,236 respectively) 41,588 22,222
Gross profit 75,702 59,556
Selling, general and administrative expense 86,124 34,686
Research and development expense 6,928 947
Restructuring costs 577 0
Change in fair value of contingent consideration 269 0
Depreciation and amortization 3,254 1,925
Operating (loss) income (21,450) 21,998
Interest income, net (1,550) (2,876)
Other expense 38 419
Other income (1,512) (2,457)
(Loss) income before income taxes (19,938) 24,455
Income tax benefit (5,132) (73)
Net (loss) income (14,806) 24,528
Loss attributable to noncontrolling interest 3,529 408
Net (loss) income attributable to Bioventus Inc. (11,277) 24,936
Change in foreign currency translation adjustments (682) (1,156)
Comprehensive (loss) income (15,488) 23,372
Comprehensive loss attributable to noncontrolling interest 3,669 408
Comprehensive (loss) income attributable to Bioventus Inc. $ (11,819) $ 23,780
Earnings Per Share [Abstract]    
Loss per share of Class A common stock, basic (in dollars per share) [1] $ (0.19) $ (0.02)
Loss per share of Class A common stock, diluted (in dollars per share) [1] $ (0.19) $ (0.02)
Weighted Average Number Of Shares Outstanding [Abstract]    
Weighted-average shares of Class A common stock outstanding - basic (in shares) [1] 60,484,969 41,797,882
Weighted-average shares of Class A common stock outstanding - diluted (in shares) [1] 60,484,969 41,797,882
[1] (1) Per share information for the three months ended April 2, 2021 represents loss per share of Class A common stock and weighted-average shares of Class A common stock outstanding from February 16, 2021 through October 2, 2021, the period following Bioventus Inc.'s initial public offering and related transactions described in Note 1. Organization and Note 8. Earnings per share within the Notes to the unaudited condensed consolidated financial statements.