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Business segment information (Tables)
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Schedule of Net Sales by SBU Reporting Segment

The table below presents net sales for continuing operations by SBU reporting segment. 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.

 

 

 

 

 

 

 

Three Months Ended June 30,

 

(U.S. Dollars, in thousands)

 

2015

 

 

2014

 

 

Reported

Increase (Decrease)

 

 

Constant

Currency

Increase (Decrease)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BioStim

 

$

40,703

 

 

$

39,513

 

 

 

3

%

 

 

3

%

Biologics

 

 

15,274

 

 

 

13,853

 

 

 

10

%

 

 

10

%

Extremity Fixation

 

 

25,594

 

 

 

27,303

 

 

 

(6

)%

 

 

12

%

Spine Fixation

 

 

19,383

 

 

 

20,316

 

 

 

(5

)%

 

 

(4

)%

Total Net Sales

 

$

100,954

 

 

$

100,985

 

 

 

(0

)%

 

 

5

%

 

 

 

 

 

 

 

 

Six Months Ended June 30,

 

(U.S. Dollars, in thousands)

 

2015

 

 

2014

 

 

Reported

Increase (Decrease)

 

 

Constant

Currency

Increase (Decrease)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BioStim

 

$

78,403

 

 

$

76,650

 

 

 

2

%

 

 

2

%

Biologics

 

 

29,235

 

 

 

26,863

 

 

 

9

%

 

 

9

%

Extremity Fixation

 

 

47,409

 

 

 

54,369

 

 

 

(13

)%

 

 

2

%

Spine Fixation

 

 

35,669

 

 

 

43,117

 

 

 

(17

)%

 

 

(17

)%

Total Net Sales

 

$

190,716

 

 

$

200,999

 

 

 

(5

)%

 

 

(1

)%

 

Summary of Net Margin by SBU Reporting Segment

The table below presents net margin by SBU reporting segment:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

(U.S. Dollars, in thousands)

 

2015

 

 

2014

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net margin:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BioStim

 

$

16,787

 

 

$

17,706

 

 

$

30,800

 

 

$

32,726

 

Biologics

 

 

7,285

 

 

 

6,496

 

 

 

13,229

 

 

 

12,997

 

Extremity Fixation

 

 

9,149

 

 

 

6,656

 

 

 

16,165

 

 

 

13,590

 

Spine Fixation

 

 

3,173

 

 

 

3,130

 

 

 

2,644

 

 

 

7,189

 

Corporate

 

 

(296

)

 

 

(430

)

 

 

(602

)

 

 

(874

)

Total net margin

 

 

36,098

 

 

 

33,558

 

 

 

62,236

 

 

 

65,628

 

General and administrative

 

 

22,506

 

 

 

18,214

 

 

 

44,075

 

 

 

36,074

 

Research and development

 

 

6,451

 

 

 

6,313

 

 

 

12,296

 

 

 

12,246

 

Restatements and related costs

 

 

2,213

 

 

 

2,327

 

 

 

8,129

 

 

 

10,633

 

Operating income (loss)

 

$

4,928

 

 

$

6,704

 

 

$

(2,264

)

 

$

6,675