Business segment information

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Business segment information

12. Business segment information

The Company has two reporting segments: Global Spine and Global Extremities. The primary metric used in managing the Company is earnings before interest, tax, depreciation, and amortization (“EBITDA”). Corporate activities are comprised of the operating expenses and activities of the Company not necessarily identifiable within the two reporting segments, such as human resources, finance, legal, and information technology functions. The table below presents EBITDA by reporting segment: 

	Three Months Ended September 30,						Nine Months Ended September 30,
(U.S. Dollars, in thousands)	2020			2019			2020			2019
Global Spine	$	19,960		$	(6,033	)	$	38,670		$	21,065
Global Extremities		1,258			1,229			(3,995	)		3,806
Corporate		(6,196	)		(15,949	)		(16,259	)		(38,356	)
Total EBITDA	$	15,022		$	(20,753	)	$	18,416		$	(13,485	)
Depreciation and amortization		(9,030	)		(6,275	)		(22,299	)		(18,180	)
Interest income (expense), net		(731	)		186			(2,055	)		386
Income (loss) before income taxes	$	5,261		$	(26,842	)	$	(5,938	)	$	(31,279	)

Geographical information

The table below presents net sales by geographic destination for each reporting segment and for the consolidated Company:

	Three Months Ended September 30,				Nine Months Ended September 30,
(U.S. Dollars, in thousands)	2020		2019		2020		2019
Global Spine
U.S.	$	83,477	$	82,816	$	215,819	$	246,943
International		4,339		5,275		12,413	$	17,145
Total Global Spine		87,816		88,091		228,232		264,088
Global Extremities
U.S.		6,356		6,636		16,439		20,078
International		16,813		18,772		44,272		54,295
Total Global Extremities		23,169		25,408		60,711		74,373
Consolidated
U.S.		89,833		89,452		232,258		267,021
International		21,152		24,047		56,685		71,440
Net sales	$	110,985	$	113,499	$	288,943	$	338,461