XML 71 R41.htm IDEA: XBRL DOCUMENT v3.22.4
Business segment information (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [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:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

(U.S. Dollars, in thousands)

 

Net Sales

 

 

Percent of
Total Net
Sales

 

 

Net Sales

 

 

Percent of
Total Net
Sales

 

 

Net Sales

 

 

Percent of
Total Net
Sales

 

Bone Growth Therapies

 

$

187,247

 

 

 

40.7

%

 

$

187,448

 

 

 

40.4

%

 

$

171,396

 

 

 

42.2

%

Spinal Implants

 

 

109,546

 

 

 

23.8

%

 

 

115,094

 

 

 

24.8

%

 

 

94,857

 

 

 

23.3

%

Biologics

 

 

56,381

 

 

 

12.2

%

 

 

56,421

 

 

 

12.1

%

 

 

55,482

 

 

 

13.6

%

Global Spine

 

 

353,174

 

 

 

76.7

%

 

 

358,963

 

 

 

77.3

%

 

 

321,735

 

 

 

79.1

%

Global Orthopedics

 

 

107,539

 

 

 

23.3

%

 

 

105,516

 

 

 

22.7

%

 

 

84,827

 

 

 

20.9

%

Net sales

 

$

460,713

 

 

 

100.0

%

 

$

464,479

 

 

 

100.0

%

 

$

406,562

 

 

 

100.0

%

Summary of EBITDA by Reporting Segment

The following table presents EBITDA, the primary metric used in managing the Company, by reporting segment:

 

 

 

Year Ended December 31,

 

(U.S. Dollars, in thousands)

 

2022

 

 

2021

 

 

2020

 

Global Spine

 

$

60,649

 

 

$

58,014

 

 

$

63,036

 

Global Orthopedics

 

 

(4,037

)

 

 

3,374

 

 

 

(4,993

)

Corporate

 

 

(44,011

)

 

 

(31,691

)

 

 

(25,382

)

Total EBITDA

 

 

12,601

 

 

 

29,697

 

 

 

32,661

 

Depreciation and amortization

 

 

(29,019

)

 

 

(29,599

)

 

 

(30,546

)

Goodwill impairment

 

 

 

 

 

(11,756

)

 

 

 

Interest expense, net

 

 

(1,288

)

 

 

(1,837

)

 

 

(2,483

)

Loss before income taxes

 

$

(17,706

)

 

$

(13,495

)

 

$

(368

)

Schedule of Depreciation and Amortization by Reporting Segment

The following table presents depreciation and amortization by reporting segment:

 

 

 

Year Ended December 31,

 

(U.S. Dollars, in thousands)

 

2022

 

 

2021

 

 

2020

 

Global Spine

 

$

18,213

 

 

$

17,548

 

 

$

18,362

 

Global Orthopedics

 

 

6,696

 

 

 

8,233

 

 

 

7,896

 

Corporate

 

 

4,110

 

 

 

3,818

 

 

 

4,288

 

Total

 

$

29,019

 

 

$

29,599

 

 

$

30,546

 

Summary of Net Sales by Geographic Destination

The following data includes net sales by geographic destination:

 

 

 

Year Ended December 31,

 

(U.S. Dollars, in thousands)

 

2022

 

 

2021

 

 

2020

 

U.S.

 

$

358,843

 

 

$

361,945

 

 

$

327,280

 

Italy

 

 

19,098

 

 

 

20,187

 

 

 

18,733

 

Germany

 

 

11,569

 

 

 

13,716

 

 

 

11,940

 

United Kingdom

 

 

10,171

 

 

 

10,552

 

 

 

7,147

 

France

 

 

10,377

 

 

 

10,475

 

 

 

8,354

 

Brazil

 

 

5,668

 

 

 

5,108

 

 

 

2,347

 

Others

 

 

44,987

 

 

 

42,496

 

 

 

30,761

 

Net sales

 

$

460,713

 

 

$

464,479

 

 

$

406,562

 

 

The table below presents net sales by geographic destination for each reporting segment and for the consolidated Company:

 

 

 

Year Ended December 31,

 

(U.S. Dollars, in thousands)

 

2022

 

 

2021

 

 

2020

 

Global Spine

 

 

 

 

 

 

 

 

 

U.S.

 

$

332,846

 

 

$

337,455

 

 

$

304,595

 

International

 

 

20,328

 

 

 

21,508

 

 

 

17,140

 

Total Global Spine

 

 

353,174

 

 

 

358,963

 

 

 

321,735

 

 

 

 

 

 

 

 

 

 

 

Global Orthopedics

 

 

 

 

 

 

 

 

 

U.S.

 

$

25,997

 

 

 

24,490

 

 

 

22,685

 

International

 

 

81,542

 

 

 

81,026

 

 

 

62,142

 

Total Global Orthopedics

 

 

107,539

 

 

 

105,516

 

 

 

84,827

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

U.S.

 

 

358,843

 

 

 

361,945

 

 

 

327,280

 

International

 

 

101,870

 

 

 

102,534

 

 

 

79,282

 

Net sales

 

$

460,713

 

 

$

464,479

 

 

$

406,562

 

Summary of Property, Plant and Equipment of Reporting Segments by Geographic Area

The following data includes property, plant, and equipment by geographic area:

 

(U.S. Dollars, in thousands)

 

2022

 

 

2021

 

U.S.

 

$

44,802

 

 

$

45,090

 

Italy

 

 

8,535

 

 

 

9,412

 

Germany

 

 

3,115

 

 

 

2,544

 

United Kingdom

 

 

1,149

 

 

 

1,193

 

Brazil

 

 

85

 

 

 

91

 

Others

 

 

543

 

 

 

922

 

Total

 

$

58,229

 

 

$

59,252