Revenue recognition and accounts receivable (Tables)

9 Months Ended

Sep. 30, 2022

Revenue Recognition And Accounts Receivable [Abstract]

Schedule of Net Sales by Major Product Category by Reporting Segment

The table below presents net sales by major product category by reporting segment:

	Three Months Ended September 30,
(U.S. Dollars, in thousands)	2022		2021		Change
Bone Growth Therapies	$	46,531	$	45,168		3.0	%
Spinal Implants		25,857		28,151		-8.1	%
Biologics		13,798		12,806		7.7	%
Global Spine		86,186		86,125		0.1	%
Global Orthopedics		27,810		26,303		5.7	%
Net sales	$	113,996	$	112,428		1.4	%

	Nine Months Ended September 30,
(U.S. Dollars, in thousands)	2022		2021		Change
Bone Growth Therapies	$	136,244	$	137,821		-1.1	%
Spinal Implants		80,693		83,943		-3.9	%
Biologics		42,686		41,351		3.2	%
Global Spine		259,623		263,115		-1.3	%
Global Orthopedics		78,861		76,300		3.4	%
Net sales	$	338,484	$	339,415		-0.3	%

Schedule of Components Net Sales

The table below presents product sales and marketing service fees, which are both components of net sales:

	Three Months Ended September 30,				Nine Months Ended September 30,
(U.S. Dollars, in thousands)	2022		2021		2022		2021
Product sales	$	100,485	$	100,004	$	296,652	$	299,214
Marketing service fees		13,511		12,424		41,832		40,201
Net sales	$	113,996	$	112,428	$	338,484	$	339,415

Allowances for Expected Credit Losses

The following table provides a detail of changes in the Company’s allowance for expected credit losses for the three and nine months ended September 30, 2022 and 2021:

(U.S. Dollars, in thousands)	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Allowance for expected credit losses beginning balance	$	5,589		$	4,471		$	4,944		$	4,848
Current period provision for expected credit losses		574			590			1,713			376
Write-offs charged against the allowance and other		10			(54	)		(236	)		(134	)
Effect of changes in foreign exchange rates		(225	)		(79	)		(473	)		(162	)
Allowance for expected credit losses ending balance	$	5,948		$	4,928		$	5,948		$	4,928

Schedule of Changes in Contract Liability

The following table provides a detail of changes in the Company’s contract liability associated with the Accelerated and Advanced Payment Program for the three and nine months ended September 30, 2022 and 2021:

(U.S. Dollars, in thousands)	Three Months Ended September 30,					Nine Months Ended September 30,
	2022		2021			2022			2021
Contract liability beginning balance	$	—	$	10,971		$	4,791		$	13,851
Recoupment recognized in net sales		—		(3,071	)		(4,791	)		(5,951	)
Contract liability ending balance	$	—	$	7,900		$	—		$	7,900