| Schedule of Total Segment Revenue, Significant Segments Expenses and Other Expenses |
The following table represents total segment revenue, significant segments expenses and other expenses for the three and six months ended June 30, 2026 and 2025, respectively: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | (in thousands) | 2026 | | 2025 | | 2026 | | 2025 | | Net sales | $ | 789,612 | | | $ | 745,342 | | | $ | 1,549,466 | | | $ | 1,343,463 | | | | | | | | | | | Cost of Sales and Operating expenses: | | | | | | | | | Cost of sales | (210,505) | | | (213,162) | | | (413,494) | | | (379,538) | | Amortization of inventory fair value step-up (a) | — | | | (5,967) | | | — | | | (6,016) | | | Depreciation related to cost of sales | (30,934) | | | (29,636) | | | (62,011) | | | (58,609) | | | Research and development employee-related cost | (26,126) | | | (30,101) | | | (53,463) | | | (55,533) | | Research and development other (b) | (10,194) | | | (9,852) | | | (19,367) | | | (17,483) | | | Selling, general and administrative employee-related cost | (218,357) | | | (237,372) | | | (445,257) | | | (426,353) | | Selling, general and administrative other (c) | (55,364) | | | (59,258) | | | (113,797) | | | (104,881) | | | Provision for litigation | (62) | | | 2,621 | | | (196) | | | 3,908 | | | Acquisition-related costs | (11,080) | | | (33,155) | | | (17,457) | | | (34,213) | | | Amortization of intangibles | (29,560) | | | (30,189) | | | (59,086) | | | (58,991) | | Other segment expenses (d) | (13,827) | | | (22,390) | | | (29,100) | | | (31,156) | | | | | | | | | | | Operating income/(loss) | 183,603 | | | 76,881 | | | 336,238 | | | 174,598 | | | | | | | | | | | Interest income/(expense), net | 7,074 | | | 693 | | | 12,508 | | | 2,374 | | | Foreign currency transactional gain/(loss) | (860) | | | 38 | | | (2,973) | | | 4,308 | | | Bargain purchase gain | — | | | 110,561 | | | 1,118 | | | 110,561 | | | | | | | | | | | Income/(loss) before income taxes | $ | 189,817 | | | $ | 188,173 | | | $ | 346,891 | | | $ | 291,841 | |
(a)Amounts primarily related to inventory step up associated with the Nevro Merger. (b)Amounts include IPR&D and other non-employee related costs. (c)Amounts include non-employee related costs including taxes and fees. (d)Amounts primarily include restructuring expense and credit losses.
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| Schedule of Total Net Sales by Geographical Area |
The following table represents total net sales by geographic area, based on the location of the customer for the three and six months ended June 30, 2026 and 2025, respectively: | | | | | | | | | | | | | | | | | | | | | | | | | Net Sales | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | (In thousands) | 2026 | | 2025 | | 2026 | | 2025 | | United States | $ | 619,105 | | | $ | 600,784 | | | $ | 1,223,993 | | | $ | 1,084,641 | | | International | 170,507 | | | 144,558 | | | 325,473 | | | 258,822 | | | Total | $ | 789,612 | | | $ | 745,342 | | | $ | 1,549,466 | | | $ | 1,343,463 | |
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