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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net loss $ (60,938) $ (4,460)
Adjustments to reconcile net loss to net cash from operating activities    
Depreciation and amortization 12,670 7,516
Inventory reserve expenses 7,412 2,332
Amortization of inventory fair value step up 11,636  
Amortization of operating lease assets, debt costs, and other assets 1,696 798
Provision for expected credit losses 208 600
Deferred income taxes 379 (36)
Share-based compensation expense 13,020 4,332
Change in valuation of investment securities (207) (9)
Change in fair value of contingent consideration   (5,500)
Other (383) 528
Changes in operating assets and liabilities, net of effects of acquisitions    
Accounts receivable 4,792 5,392
Inventories (16,781) (8,543)
Prepaid expenses and other current assets 2,225 (1,891)
Accounts payable (3,560) 1,387
Other current liabilities (5,842) (6,993)
Contract liability   (3,395)
Other long-term assets and liabilities (347) 233
Net cash from operating activities (34,020) (7,709)
Cash flows from investing activities    
Capital expenditures for property, plant and equipment (11,472) (5,329)
Capital expenditures for intangible assets (363) (338)
Cash acquired in the SeaSpine merger 29,419  
Other investing activities (500)  
Net cash from investing activities 17,084 (5,667)
Cash flows from financing activities    
Payments related to withholdings for share-based compensation (1,958) (69)
Payments related to finance lease obligation (160) (2,141)
Borrowings under credit facility 45,000  
Payment of debt acquired from SeaSpine merger (26,899)  
Other financing activities   (23)
Net cash from financing activities 15,983 (2,233)
Effect of exchange rate changes on cash 221 (321)
Net change in cash, cash equivalents, and restricted cash (732) (15,930)
Cash and cash equivalents at the beginning of period 50,700 87,847
Cash and cash equivalents at the end of period $ 49,968 71,917
Noncash investing activities - Purchase of intangible assets   $ 2,000