XML 34 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business segment information (Tables)
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Schedule of External Net Sales by SBU Reporting Segment

The table below presents external net sales by SBU reporting segment (amounts reported for prior periods have been reclassified to conform to our new segment reporting structure). Net sales include product sales and marketing service fees. Marketing service fees, which are recorded on a net basis, are comprised of fees earned for the marketing of Trinity Evolution®, Trinity ELITE™ and Versashield™ in our Biologics segment.

 

     External Net Sales by SBU  
     Three Months Ended March 31,  

(U.S. Dollars, in thousands)

   2014      2013      Reported
Growth
    Constant
Currency
Growth
 

BioStim

   $ 38,424       $ 38,242         1     1

Biologics

     13,019         13,378         (3 )%      (3 )% 

Extremity Fixation

     27,079         26,217         3     4

Spine Fixation

     22,820         25,536         (11 )%      (11 )% 
  

 

 

    

 

 

    

 

 

   

 

 

 

Total Net Sales

   $ 101,342       $ 103,373         (2 )%      (2 )% 
  

 

 

    

 

 

    

 

 

   

 

 

 
Summary of Net Margin, Defined as Gross Profit Less Sales and Marketing Expenses from Continuing Operations by SBU Reporting Segment

The table below presents net margin, defined as gross profit less sales and marketing expenses, from continuing operations by SBU reporting segment:

 

Net margin by SBU    Three Months Ended
March 31,
 

(U.S. Dollars, in thousands)

   2014     2013  

Net margin:

    

BioStim

   $ 14,188      $ 16,938   

Biologics

     6,693        6,025   

Extremity Fixation

     9,297        7,967   

Spine Fixation

     5,105        2,197   

Corporate

     (444     (425
  

 

 

   

 

 

 

Total net margin

     34,839        32,702   
  

 

 

   

 

 

 

General and administrative

     17,545        18,330   

Research and development

     5,939        5,741   

Amortization of intangible assets

     584        544   

Costs related to the accounting review and restatement

     8,306        —     
  

 

 

   

 

 

 

Operating income

   $ 2,465      $ 8,087