SEGMENT AND GEOGRAPHIC INFORMATION (Tables)
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3 Months Ended |
Mar. 31, 2024 |
| Segment Reporting [Abstract] |
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| Schedule of Net Sales and Profit by Segments |
Net sales and profit by each reportable segment for the three months ended March 31, 2024 and 2023 are as follows: | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | Dollars in thousands | | | | | 2024 | | 2023 | | Segment Net Sales | | | | | | | | | Codman Specialty Surgical | | | | | $ | 256,434 | | | $ | 248,136 | | Tissue Technologies | | | | | 112,438 | | | 132,710 | | | Total revenues | | | | | $ | 368,872 | | | $ | 380,846 | | | Segment Profit | | | | | | | | | Codman Specialty Surgical | | | | | $ | 103,492 | | | $ | 110,933 | | Tissue Technologies | | | | | 30,666 | | 52,281 | | | Segment profit | | | | | 134,158 | | | 163,214 | | | Amortization | | | | | (10,107) | | | (3,108) | | Corporate and other | | | | | (120,087) | | (123,724) | | Operating income | | | | | $ | 3,964 | | | $ | 36,382 | |
Total revenue by major geographic area consisted of the following: | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | Dollars in thousands | | | | | 2024 | | 2023 | | United States | | | | | $ | 256,229 | | | $ | 271,002 | | | Europe | | | | | 41,596 | | | 41,064 | | | Asia Pacific | | | | | 49,545 | | | 50,473 | | | Rest of World | | | | | 21,502 | | | 18,307 | | | Total Revenues | | | | | $ | 368,872 | | | $ | 380,846 | |
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| Schedule of Geographic Revenue by Area |
Net sales and profit by each reportable segment for the three months ended March 31, 2024 and 2023 are as follows: | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | Dollars in thousands | | | | | 2024 | | 2023 | | Segment Net Sales | | | | | | | | | Codman Specialty Surgical | | | | | $ | 256,434 | | | $ | 248,136 | | Tissue Technologies | | | | | 112,438 | | | 132,710 | | | Total revenues | | | | | $ | 368,872 | | | $ | 380,846 | | | Segment Profit | | | | | | | | | Codman Specialty Surgical | | | | | $ | 103,492 | | | $ | 110,933 | | Tissue Technologies | | | | | 30,666 | | 52,281 | | | Segment profit | | | | | 134,158 | | | 163,214 | | | Amortization | | | | | (10,107) | | | (3,108) | | Corporate and other | | | | | (120,087) | | (123,724) | | Operating income | | | | | $ | 3,964 | | | $ | 36,382 | |
Total revenue by major geographic area consisted of the following: | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | Dollars in thousands | | | | | 2024 | | 2023 | | United States | | | | | $ | 256,229 | | | $ | 271,002 | | | Europe | | | | | 41,596 | | | 41,064 | | | Asia Pacific | | | | | 49,545 | | | 50,473 | | | Rest of World | | | | | 21,502 | | | 18,307 | | | Total Revenues | | | | | $ | 368,872 | | | $ | 380,846 | |
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