v3.25.2
SEGMENT AND GEOGRAPHIC INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Net sales and profit by each reportable segment for the three and six months ended June 30, 2025 and 2024 are as follows:
Three Months Ended June 30, 2025Six Months Ended June 30, 2025
Dollars in thousandsCodman Specialty SurgicalTissue TechnologiesCorporate and OtherTotalCodman Specialty SurgicalTissue TechnologiesCorporate and OtherTotal
Total revenue, net$303,958 $111,647 $— $415,605 $584,622 $213,636 $— $798,258 
Cost of goods sold102,004 50,768 53,501 206,273 194,781 95,830 103,883 394,494 
Research and development7,698 4,334 14,965 26,997 15,643 8,054 28,028 51,725 
Selling, general & administrative69,202 38,317 72,371 179,890 138,877 74,805 147,705 361,387 
Intangible asset amortization— — 3,754 3,754 — — 7,458 7,458 
Goodwill impairment388,106 123,259 — 511,365 388,106 123,259 — 511,365 
Total cost and expenses567,010 216,678 144,591 928,279 737,407 301,948 287,074 1,326,429 
Operating income (loss)$(263,052)$(105,031)$(144,591)(512,674)$(152,785)$(88,312)$(287,074)(528,171)
Interest income4,710 9,130 
Interest expense(21,042)(39,857)
Other income, net(1,946)(2,090)
Loss before income taxes$(530,952)$(560,988)
Three Months Ended June 30, 2024Six Months Ended June 30, 2024
Dollars in thousandsCodman Specialty SurgicalTissue TechnologiesCorporate and OtherTotalCodman Specialty SurgicalTissue TechnologiesCorporate and OtherTotal
Total revenue, net$301,761 $116,414 $— $418,175 $558,195 $228,852 $— $787,047 
Cost of goods sold92,640 41,444 58,174 192,258 185,613 78,983 89,700 354,296 
Research and development7,567 4,451 17,749 29,767 13,332 9,351 34,049 56,732 
Selling, general & administrative37,413 33,332 124,727 195,472 91,617 72,665 196,988 361,270 
Intangible asset amortization— — 3,707 3,707 — — 13,814 13,814 
Goodwill impairment— — — — — — — — 
Total cost and expenses137,620 79,227 204,357 421,204 290,562 160,999 334,551 786,112 
Operating income (loss)$164,141 $37,187 $(204,357)(3,029)$267,633 $67,853 $(334,551)935 
Interest income5,058 10,098 
Interest expense(18,651)(32,275)
Other income, net1,437 827 
Loss before income taxes$(15,185)$(20,415)
Schedule of Geographic Revenue, by Area Total revenue by major geographic area consisted of the following:
 Three Months Ended June 30,Six Months Ended June 30,
Dollars in thousands2025202420252024
United States$306,308 $310,225 $588,525 $566,454 
Europe42,594 40,689 77,920 82,285 
Asia Pacific47,732 45,951 92,837 95,496 
Rest of World18,971 21,310 38,976 42,812 
Total Revenues$415,605 $418,175 $798,258 $787,047