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Consolidated Condensed Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
Income Statement [Abstract]        
Net sales $ 137,069 $ 140,331 $ 256,128 $ 257,621
Cost of sales (including depreciation and amortization of $12,301, $9,684, $26,640 and $18,902 respectively) 47,946 43,677 93,086 85,265
Gross profit 89,123 96,654 163,042 172,356
Selling, general and administrative expense 74,844 89,620 155,702 175,744
Research and development expense 3,398 6,366 7,169 13,294
Restructuring costs 620 1,007 937 1,584
Change in fair value of contingent consideration 240 273 527 542
Depreciation and amortization 2,294 2,696 4,423 5,950
Impairment of assets 0 0 78,615 0
Loss on disposal of a business 977 0 977 0
Operating income (loss) 6,750 (3,308) (85,308) (24,758)
Interest expense, net 10,587 2,578 20,281 1,028
Other expense (income) 513 604 (1,075) 241
Other expense 11,100 3,182 19,206 1,269
Loss before income taxes (4,350) (6,490) (104,514) (26,027)
Income tax expense (benefit), net 381 1,244 235 (3,888)
Net loss from continuing operations (4,731) (7,734) (104,749) (22,139)
Loss from discontinued operations, net of tax 0 (280) (74,429) (681)
Net loss (4,731) (8,014) (179,178) (22,820)
Loss attributable to noncontrolling interest - continuing operations 1,050 762 21,410 4,291
Loss attributable to noncontrolling interest - discontinued operations 0 0 14,937 0
Net loss attributable to Bioventus Inc. (3,681) (7,252) (142,831) (18,529)
Change in foreign currency translation adjustments 303 (507) 960 (1,189)
Comprehensive loss (4,428) (8,241) (103,789) (23,328)
Comprehensive loss attributable to noncontrolling interest - continuing operations 989 868 21,215 4,537
Comprehensive loss attributable to noncontrolling interest - discontinued operations 0 0 14,937 0
Comprehensive loss attributable to Bioventus Inc. $ (3,439) $ (7,373) $ (67,637) $ (18,791)
Loss per share of Class A common stock        
Loss per share of Class A common stock from continuing operations, basic (in dollars per share) $ (0.06) $ (0.11) $ (1.34) $ (0.29)
Loss per share of Class A common stock from continuing operations, diluted (in dollars per share) (0.06) (0.11) (1.34) (0.29)
Loss per share of Class A common stock from discontinuing operations, basic (in dollars per share) 0 0 (0.95) (0.01)
Loss per share of Class A common stock from discontinuing operations, diluted (in dollars per share) 0 0 (0.95) (0.01)
Loss per share of class A common stock, basic (in dollars per share) (0.06) (0.11) (2.29) (0.30)
Loss per share of class A common stock, diluted (in dollars per share) $ (0.06) $ (0.11) $ (2.29) $ (0.30)
Weighted-average shares of Class A common stock outstanding        
Basic (in shares) 62,551,285 61,475,350 62,338,018 60,977,556
Diluted (in shares) 62,551,285 61,475,350 62,338,018 60,977,556