| Schedule of Lease Cost |
As of June 30, 2026, the Company had the following building and facility leases capitalized on the balance sheet:
|
|
|
|
|
Location (leases) |
|
Purpose |
|
Expiration |
|
|
|
|
|
Americas |
|
|
|
|
Vaughan, Canada |
|
Canada sales office and distribution |
|
August 2026 |
Fox River Grove, IL (2) |
|
RestoreFlow allografts business |
|
December 2026 |
North Brunswick, NJ |
|
Artegraft biologic business |
|
October 2029 |
Burlington, MA (2) |
|
Corporate headquarters and US distribution |
|
December 2030 |
Billerica, MA |
|
US distribution |
|
December 2032 |
Burlington, MA (4) |
|
Corporate headquarters and manufacturing |
|
December 2034 |
Mississauga, Canada |
|
Canada sales office and distribution |
|
March 2036 |
|
|
|
|
|
Europe, Middle East and Africa |
|
|
|
|
Milan, Italy |
|
Italy sales office and distribution |
|
September 2027 |
Madrid, Spain |
|
Spain sales office and distribution |
|
June 2029 |
Hereford, England |
|
United Kingdom sales office and distribution |
|
October 2029 |
Maisons-Alfort, France |
|
France sales office and distribution |
|
February 2030 |
Glattbrugg, Switzerland |
|
Switzerland sales office and distribution |
|
February 2030 |
Dublin, Ireland |
|
Ireland sales office and distribution |
|
September 2030 |
Sulzbach, Germany |
|
European headquarters and distribution |
|
June 2031 |
|
|
|
|
|
Asia Pacific |
|
|
|
|
Bangkok, Thailand |
|
Thailand sales office and distribution |
|
August 2026 |
Seoul, Korea |
|
Korea sales office and distribution |
|
April 2027 |
Tokyo, Japan |
|
Japan sales office and distribution |
|
July 2027 |
Shanghai, China |
|
China sales office and distribution |
|
October 2027 |
Singapore |
|
Asia Pacific headquarters and distribution |
|
June 2028 |
Docklands, Australia |
|
Australia sales office and distribution |
|
April 2030 |
Ballarat, Australia |
|
Supply facility |
|
December 2030 |
Additional information with respect to the Company’s leases is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
|
Six months ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
(in thousands) |
|
|
(in thousands) |
|
Lease cost |
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease cost |
|
$ |
1,325 |
|
|
$ |
447 |
|
|
$ |
2,662 |
|
|
$ |
1,041 |
|
Short-term lease cost |
|
|
20 |
|
|
|
20 |
|
|
|
50 |
|
|
|
46 |
|
Total lease cost |
|
$ |
1,345 |
|
|
$ |
467 |
|
|
$ |
2,712 |
|
|
$ |
1,087 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average remaining lease term - operating
leases (in years) |
|
|
|
|
|
|
|
|
6.5 |
|
|
|
6.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average discount rate - operating leases |
|
|
|
|
|
|
|
|
6.48 |
% |
|
|
6.62 |
% |
|
| Schedule of Minimum Noncancelable Operating Lease Rental Commitments with Initial or Remaining Terms |
As of June 30, 2026, the minimum noncancelable operating lease rental commitments with initial or remaining terms of more than one year are as follows:
|
|
|
|
|
Remainder of 2026 |
|
$ |
2,441 |
|
Year ending December 31, |
|
|
|
2027 |
|
|
4,284 |
|
2028 |
|
|
3,949 |
|
2029 |
|
|
3,792 |
|
2030 |
|
|
3,294 |
|
2031 |
|
|
2,564 |
|
Thereafter |
|
|
6,025 |
|
Adjustment to net present value as of June 30, 2026 |
|
|
(5,186 |
) |
|
|
|
|
Minimum noncancelable lease liability |
|
$ |
21,163 |
|
|