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Acquisitions and investments (Tables)
 3 Months Ended
Apr. 02, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions, by Acquisition The fair value of the consideration for the Misonix Acquisition is comprised of the following:
Common Shares
Price per Share(a)
Amount
Cash$182,988 
Bioventus Class A shares18,340,790 $14.97 274,562 
Value of Misonix options settled in Bioventus options
27,636 
Merger consideration485,186 
Other cash consideration40,130 
Total Misonix consideration$525,316 
(a)Closing price of the Company’s Class A common stock as of October 28, 2021.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the acquisition date:
Fair value of consideration$525,316 
Assets acquired and liabilities assumed:
Cash and cash equivalents7,126 
Accounts receivable13,301 
Inventory24,720 
Prepaid and other current assets419 
Property and equipment10,571 
Intangible assets486,500 
Operating lease assets1,049 
Other assets77 
Accounts payable and accrued liabilities(16,888)
Other current liabilities(589)
Deferred income taxes(94,012)
Other liabilities(1,351)
Net assets acquired430,923 
Resulting goodwill$94,393 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination
The following table summarizes the preliminary fair values of identifiable intangible assets and their useful lives:
Useful Life (in years)Fair Value
Intellectual property
15 - 20 years
$477,000 
Customer relationships12 years9,500 
$486,500 
Schedule of Business Acquisition, Pro Forma Information
The results of operations for Misonix and Bioness have been included in the accompanying consolidated financial statements since their respective acquisition dates of October 29, 2021 and March 30, 2021. Revenue and earnings including the Bioness and Misonix operations as if the companies were acquired at January 1, 2021 are as follows:
Three Months Ended
April 3, 2021
Net sales$109,072 
Net (loss) income$20,831