Business Combinations (Tables)

6 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as a result of the In2Bones Acquisition. The assessment of fair value is based on preliminary valuations and estimates that were available to management at the time the consolidated condensed financial statements were prepared. Accordingly, the allocation of purchase price is preliminary and therefore subject to adjustment during the measurement adjustment period.

Cash	$	445
Accounts receivable, net	5,036
Inventories	24,247
Prepaid expenses and other current assets	403
Current assets	30,131
Goodwill	140,338
Developed technology	37,300
Distributor relationships	26,600
Other long-term assets	2,875
Total assets acquired	$	237,244
Current liabilities assumed	5,972
Deferred income taxes	16,457
Contingent consideration	69,402
Other long-term liabilities	413
Total liabilities assumed	$	92,244
Net assets acquired	$	145,000

Fair Value Measurement Inputs and Valuation Techniques

The recurring Level 3 fair value measurements of contingent consideration for which the liability is recorded include the following significant unobservable inputs:

Unobservable Input	Assumptions
Discount rate	5.67%
Revenue volatility	12.75%
Projected year of payment	2023-2026