10-Q Filing

GLOBUS MEDICAL INC CIK: 1237831 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001562762-23-000407`
Period End Date	20230930
Filing Date	20231107
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	gmed-20230930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 103 Cash Flow Statement 73 Stockholders Equity 46

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.24M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.72M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$150.47M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$193.07M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$279.62M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$134.22M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$387.82M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$343.04M	USD	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$295.59M	USD	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$189.31M	USD	Point-in-time
Accounts receivable, net of allowances of $9,242 and $4,724, respectively	`AccountsReceivableNetCurrent`	$213.25M	USD	Point-in-time
Accounts receivable, net of allowances of $9,242 and $4,724, respectively	`AccountsReceivableNetCurrent`	$494.11M	USD	Point-in-time
Inventories	`InventoryNet`	$298.98M	USD	Point-in-time
Inventories	`InventoryNet`	$904.98M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	775.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$47.57M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$4.06M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.92B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$983.34M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $387,816 and $343,036, respectively	`PropertyPlantAndEquipmentNet`	$243.73M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $387,816 and $343,036, respectively	`PropertyPlantAndEquipmentNet`	$606.91M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$94.83M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$5.99M	USD	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$495.85M	USD	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$275.96M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$63.57M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.26B	USD	Point-in-time
Goodwill	`Goodwill`	$197.47M	USD	Point-in-time
Goodwill	`Goodwill`	$179.71M	USD	Point-in-time
Goodwill	`Goodwill`	$1.12B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$69.48M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$37.32M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$48.84M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$7.32M	USD	Point-in-time
Total assets	`Assets`	$5.36B	USD	Point-in-time
Total assets	`Assets`	$2.08B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$86.93M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$221.67M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$92.17M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$13.38M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.54M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$990.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$34.40M	USD	Point-in-time
Business acquisition liabilities	`BusinessAcquisitionLiabilitiesCurrent`	$13.31M	USD	Point-in-time
Business acquisition liabilities	`BusinessAcquisitionLiabilitiesCurrent`	$54.34M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$17.99M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$14.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$428.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$159.20M	USD	Point-in-time
Business acquisition liabilities, net of current portion	`BusinessAcquisitionLiabilitiesNoncurrent`	$75.63M	USD	Point-in-time
Business acquisition liabilities, net of current portion	`BusinessAcquisitionLiabilitiesNoncurrent`	$54.95M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$99.93M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$3.48M	USD	Point-in-time
Senior convertible notes	`ConvertibleDebtNoncurrent`	$409.72M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$132.19M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$1.78M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$22.40M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$10.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$229.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.17B	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$630.95M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.86B	USD	Point-in-time
Accumulated other comprehensive income/(loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.63M	USD	Point-in-time
Accumulated other comprehensive income/(loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.35B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.24B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.79B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.70B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.99B	USD	Point-in-time
Total equity	`StockholdersEquity`	$4.19B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.91B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.85B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.74B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.76B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.36B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.08B	USD	Point-in-time

Income Statement 103 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$748.35M	USD	3 Qtrs
Net sales	`Revenues`	$951.94M	USD	3 Qtrs
Net sales	`Revenues`	$254.15M	USD	1 Quarter
Net sales	`Revenues`	$383.64M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$282.69M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$193.13M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$135.39M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$65.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$248.25M	USD	1 Quarter
Gross profit	`GrossProfit`	$555.21M	USD	3 Qtrs
Gross profit	`GrossProfit`	$669.25M	USD	3 Qtrs
Gross profit	`GrossProfit`	$188.65M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$53.51M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$71.76M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$29.33M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$18.70M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$398.69M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$314.04M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$156.21M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$106.58M	USD	1 Quarter
Provision for litigation, net	`LitigationSettlementExpense`	$2.92M	USD	1 Quarter
Provision for litigation, net	`LitigationSettlementExpense`	$2.34M	USD	3 Qtrs
Provision for litigation, net	`LitigationSettlementExpense`	$184.00K	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$13.76M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$22.91M	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$13.23M	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$4.32M	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$-1.83M	USD	3 Qtrs
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$45.62M	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$-652.00K	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$52.69M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$128.95M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$546.24M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$247.84M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$381.29M	USD	3 Qtrs
Operating income/(loss)	`OperatingIncomeLoss`	$173.92M	USD	3 Qtrs
Operating income/(loss)	`OperatingIncomeLoss`	$59.70M	USD	1 Quarter
Operating income/(loss)	`OperatingIncomeLoss`	$404.00K	USD	1 Quarter
Operating income/(loss)	`OperatingIncomeLoss`	$123.02M	USD	3 Qtrs
Interest income/(expense), net	`InterestIncomeExpenseNet`	$8.92M	USD	3 Qtrs
Interest income/(expense), net	`InterestIncomeExpenseNet`	$7.92M	USD	1 Quarter
Interest income/(expense), net	`InterestIncomeExpenseNet`	$3.90M	USD	1 Quarter
Interest income/(expense), net	`InterestIncomeExpenseNet`	$22.71M	USD	3 Qtrs
Foreign currency transaction gain/(loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-3.71M	USD	3 Qtrs
Foreign currency transaction gain/(loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-5.65M	USD	3 Qtrs
Foreign currency transaction gain/(loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-5.31M	USD	1 Quarter
Foreign currency transaction gain/(loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.21M	USD	1 Quarter
Other income/(expense)	`OtherNonoperatingIncomeExpenseOther`	$-475.00K	USD	1 Quarter
Other income/(expense)	`OtherNonoperatingIncomeExpenseOther`	$74.00K	USD	1 Quarter
Other income/(expense)	`OtherNonoperatingIncomeExpenseOther`	$1.77M	USD	3 Qtrs
Other income/(expense)	`OtherNonoperatingIncomeExpenseOther`	$318.00K	USD	3 Qtrs
Total other income/(expense), net	`OtherNonoperatingIncomeExpense`	$17.38M	USD	3 Qtrs
Total other income/(expense), net	`OtherNonoperatingIncomeExpense`	$6.98M	USD	3 Qtrs
Total other income/(expense), net	`OtherNonoperatingIncomeExpense`	$1.76M	USD	1 Quarter
Total other income/(expense), net	`OtherNonoperatingIncomeExpense`	$2.13M	USD	1 Quarter
Income/(loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$180.90M	USD	3 Qtrs
Income/(loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$61.47M	USD	1 Quarter
Income/(loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$140.40M	USD	3 Qtrs
Income/(loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.54M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$14.03M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$32.56M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$1.54M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$40.80M	USD	3 Qtrs
Net income/(loss)	`NetIncomeLoss`	$107.84M	USD	3 Qtrs
Net income/(loss)	`NetIncomeLoss`	$47.43M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$998.00K	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$140.10M	USD	3 Qtrs
Unrealized gain/(loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.38M	USD	1 Quarter
Unrealized gain/(loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-18.24M	USD	3 Qtrs
Unrealized gain/(loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.64M	USD	1 Quarter
Unrealized gain/(loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$6.98M	USD	3 Qtrs
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-7.21M	USD	3 Qtrs
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.08M	USD	3 Qtrs
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.31M	USD	1 Quarter
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.48M	USD	1 Quarter
Total other comprehensive income/(loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-25.45M	USD	3 Qtrs
Total other comprehensive income/(loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-6.86M	USD	1 Quarter
Total other comprehensive income/(loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.89M	USD	3 Qtrs
Total other comprehensive income/(loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$331.00K	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$46.39M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$58.07M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$114.65M	USD	3 Qtrs
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$113.73M	USD	3 Qtrs
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$54.34M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$1.33M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$40.57M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$27.69M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.39	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.03	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.98	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.36	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	104.76M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	99.65M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	100.64M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	113.54M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	115.25M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	102.79M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	101.42M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.06M	shares	3 Qtrs

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$107.84M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$47.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$998.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$140.10M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$73.57M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$51.34M	USD	3 Qtrs
Amortization of premium (discount) on marketable securities	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	$-4.45M	USD	3 Qtrs
Amortization of premium (discount) on marketable securities	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	$-730.00K	USD	3 Qtrs
Write-down for excess and obsolete inventories, net	`InventoryWriteDown`	$6.70M	USD	3 Qtrs
Write-down for excess and obsolete inventories, net	`InventoryWriteDown`	$5.89M	USD	3 Qtrs
Amortization of inventory fair value step up	`AmortizationOfInventoryFairValueStepUp`	$19.07M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$40.30M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$24.30M	USD	3 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$4.28M	USD	3 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-396.00K	USD	3 Qtrs
Change in fair value of business acquisition liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$4.43M	USD	3 Qtrs
Change in fair value of business acquisition liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-2.04M	USD	3 Qtrs
Change in deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-17.01M	USD	3 Qtrs
Change in deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-45.99M	USD	3 Qtrs
(Gain)/loss on disposal of assets, net	`GainLossOnDispositionOfAssets1`	$-241.00K	USD	3 Qtrs
(Gain)/loss on disposal of assets, net	`GainLossOnDispositionOfAssets1`	$-1.47M	USD	3 Qtrs
Payment of business acquisition related liabilities	`PaymentForContingentConsiderationLiabilityOperatingActivities`	$2.02M	USD	3 Qtrs
Payment of business acquisition related liabilities	`PaymentForContingentConsiderationLiabilityOperatingActivities`	$2.37M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$46.20M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$36.95M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$48.65M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$58.98M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.87M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.28M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.41M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.95M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.66M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$20.58M	USD	3 Qtrs
Income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$13.39M	USD	3 Qtrs
Income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-710.00K	USD	3 Qtrs
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$138.82M	USD	3 Qtrs
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$114.49M	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$100.64M	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$322.10M	USD	3 Qtrs
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$214.43M	USD	3 Qtrs
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$239.13M	USD	3 Qtrs
Sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$89.98M	USD	3 Qtrs
Sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$219.99M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$55.39M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$55.71M	USD	3 Qtrs
Acquisition of businesses, net of cash acquired and purchases of intangible and other assets	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$296.03M	USD	3 Qtrs
Acquisition of businesses, net of cash acquired and purchases of intangible and other assets	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.18M	USD	3 Qtrs
Net cash provided by/(used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-49.88M	USD	3 Qtrs
Net cash provided by/(used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.65M	USD	3 Qtrs
Payment of business acquisition liabilities	`PaymentOfBusinessAcquisitionLiabilities`	$5.29M	USD	3 Qtrs
Payment of business acquisition liabilities	`PaymentOfBusinessAcquisitionLiabilities`	$5.91M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$26.23M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$11.36M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$144.49M	USD	3 Qtrs
Net cash provided by/(used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.45M	USD	3 Qtrs
Net cash provided by/(used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-123.55M	USD	3 Qtrs
Effect of foreign exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.53M	USD	3 Qtrs
Effect of foreign exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$92.00K	USD	3 Qtrs
Net increase/(decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-58.85M	USD	3 Qtrs
Net increase/(decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$129.15M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$150.47M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$193.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$279.62M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$134.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$150.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$193.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$279.62M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$134.22M	USD	Point-in-time
Income taxes paid, net	`IncomeTaxesPaidNet`	$65.17M	USD	3 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$58.30M	USD	3 Qtrs
Equity issued in conjunction with the NuVasive merger	`StockIssued1`	$2.15B	USD	3 Qtrs
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$5.97M	USD	3 Qtrs
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$5.34M	USD	3 Qtrs

Stockholders Equity 46 line items

Line Item	Tag	Value	Unit	Period
Total equity, beginning of period	`StockholdersEquity`	$1.79B	USD	Point-in-time
Total equity, beginning of period	`StockholdersEquity`	$1.70B	USD	Point-in-time
Total equity, beginning of period	`StockholdersEquity`	$1.99B	USD	Point-in-time
Total equity, beginning of period	`StockholdersEquity`	$4.19B	USD	Point-in-time
Total equity, beginning of period	`StockholdersEquity`	$1.91B	USD	Point-in-time
Total equity, beginning of period	`StockholdersEquity`	$1.85B	USD	Point-in-time
Total equity, beginning of period	`StockholdersEquity`	$1.74B	USD	Point-in-time
Total equity, beginning of period	`StockholdersEquity`	$1.76B	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$22.76M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.03M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.35M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.64M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.02M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.43M	USD	1 Quarter
Grant of contingent restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$196.00K	USD	1 Quarter
Grant of contingent restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$219.00K	USD	1 Quarter
Grant of contingent restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$1.12M	USD	1 Quarter
Grant of contingent restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$951.00K	USD	1 Quarter
Grant of contingent restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$220.00K	USD	1 Quarter
Grant of contingent restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$340.00K	USD	1 Quarter
Exercise of stock options (shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	352,000.00	shares	3 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$4.86M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$14.89M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$7.75M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.58M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.30M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.20M	USD	1 Quarter
Issuance of Class A common stock under employee and director equity option plans, net	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$10.27M	USD	1 Quarter
Issuance of Class A equity for NuVasive Merger	`StockIssuedDuringPeriodValueAcquisitions`	$2.18B	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$46.39M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$58.07M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$114.65M	USD	3 Qtrs
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$113.73M	USD	3 Qtrs
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$54.34M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$1.33M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$40.57M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$27.69M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$144.49M	USD	1 Quarter
Total equity, end of period	`StockholdersEquity`	$1.79B	USD	Point-in-time
Total equity, end of period	`StockholdersEquity`	$1.70B	USD	Point-in-time
Total equity, end of period	`StockholdersEquity`	$1.99B	USD	Point-in-time
Total equity, end of period	`StockholdersEquity`	$4.19B	USD	Point-in-time
Total equity, end of period	`StockholdersEquity`	$1.91B	USD	Point-in-time
Total equity, end of period	`StockholdersEquity`	$1.85B	USD	Point-in-time
Total equity, end of period	`StockholdersEquity`	$1.74B	USD	Point-in-time
Total equity, end of period	`StockholdersEquity`	$1.76B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.