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Earnings per share (Tables)
6 Months Ended
Jul. 01, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
The following table sets forth the computation of basic and diluted loss per share of Class A common stock for the periods presented (amounts in thousands, except share and per share data):
Three Months EndedSix Months Ended
July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Numerator:
Net (loss) income from continuing operations,
    net of tax
$(4,731)$(7,734)$(104,749)$(22,139)
Net loss attributable to noncontrolling interests — continuing operations1,050 762 21,410 4,291 
Net loss attributable to Bioventus Inc. Class A
    common stockholders — continuing operations
$(3,681)$(6,972)$(83,339)$(17,848)
Numerator:
Net (loss) income from discontinued operations,
    net of tax
$— $(280)$(74,429)$(681)
Net loss attributable to noncontrolling interests —
    discontinued operations
— — 14,937 — 
Net loss attributable to Bioventus Inc. Class A
    common stockholders — discontinued operations
$— $(280)$(59,492)$(681)
Denominator:
Weighted-average shares of Class A common
    stock outstanding - basic and diluted
62,551,285 61,475,350 62,338,018 60,977,556 
Net loss per share of Class A common stock from
    continuing operations, basic and diluted
$(0.06)$(0.11)$(1.34)$(0.29)
Net loss per share of Class A common stock from
    discontinued operations, basic and diluted
— — (0.95)(0.01)
Net loss per share of Class A common stock,
    basic and diluted
$(0.06)$(0.11)$(2.29)$(0.30)
Schedule of Antidilutive Securities
The following number of weighted-average potentially dilutive shares as of July 1, 2023 and July 2, 2022 were excluded from the calculation of diluted loss per share because the effect of including such potentially dilutive shares would have been antidilutive upon conversion:
Three Months EndedSix Months Ended
July 1, 2023July 2, 2022July 1, 2023July 2, 2022
LLC Interests held by Continuing LLC Owner(a)
15,786,737 15,786,737 15,786,737 15,786,737 
Stock options6,730,685 10,020,106 7,623,865 9,396,023 
RSUs766,427 1,137,936 974,238 769,809 
Total23,283,849 26,944,779 24,384,840 25,952,569 
(a)Class A Shares reserved for future issuance upon redemption or exchange of LLC Interests by the Continuing LLC Owner.