v3.25.0.1
ASSET ACQUISITIONS AND BUSINESS COMBINATIONS (Tables)
12 Months Ended
Dec. 31, 2024
ASSET ACQUISITIONS AND BUSINESS COMBINATIONS [Abstract]  
Summary of Aggregate Consideration of Merger

(In thousands)

NuVasive shares outstanding as of September 1, 2023

52,451

NuVasive accelerated equity awards

632

Globus exchange ratio

0.75

Globus Class A common stock issued in exchange for NuVasive shares

39,813

Globus closing share price

$

54.10

Total Value Class A common stock

$

2,153,860

2025 Warrants

579

Repayment of revolving credit facility

420,762

Fair value of assumed equity awards

28,635

Total purchase price

$

2,603,836

Summary of Preliminary Purchase Price

(In thousands)

Preliminary Purchase Price Allocation as of September 1, 2023

Measurement Period and Other Adjustments

Preliminary Purchase Price Allocation as of December 31, 2023 (as adjusted)

Measurement Period and Other Adjustments

Final Purchase Price Allocation

Current assets (excluding accounts receivable and inventories)

$

158,112

$

38

$

158,150

$

—

$

158,150

Accounts receivable

249,591

(6,912)

242,679

—

242,679

Inventories

570,300

(12,266)

558,034

16,969

575,003

Property, plant, and equipment

361,118

598

361,716

(1,019)

360,697

Operating lease ROU asset

90,457

(32,174)

58,283

—

58,283

Intangible assets

1,222,000

(323,000)

899,000

—

899,000

Other long-term assets

25,973

13,111

39,084

—

39,084

Deferred income taxes

4,837

977

5,814

—

5,814

Total Assets

$

2,682,388

$

(359,628)

$

2,322,760

$

15,950

$

2,338,710

Current Liabilities

185,175

(1,718)

183,457

13,387

196,844

Operating lease liabilities, including current portion

109,110

(7,758)

101,352

—

101,352

Business acquisition liabilities, including current portion

66,873

—

66,873

—

66,873

Senior convertible notes

409,500

—

409,500

—

409,500

Deferred income taxes and other tax liabilities

194,553

(16,035)

178,518

(19,501)

159,017

Other liabilities

37,496

(23,797)

13,699

(2,471)

11,228

Total liabilities

$

1,002,707

$

(49,308)

$

953,399

$

(8,585)

$

944,814

Fair value of acquired identifiable assets and liabilities

$

1,679,681

$

(310,320)

$

1,369,362

$

24,534

$

1,393,896

Purchase price

$

2,603,836

$

2,603,836

$

2,603,836

Less: Fair value of acquired identifiable assets and liabilities

(1,679,681)

(1,369,362)

(1,393,896)

Goodwill

$

924,155

$

1,234,475

$

1,209,940

Summary of Estimated Fair Value of Identifiable Assets Acquired

Fair Value as of

(In thousands)

December 31, 2024

Useful Life

Developed Technology

$

607,000

8

Customer Relationships

292,000

11

Summary of Pro Forma Information

(In thousands)

2023

Pro forma net sales

$

2,395,812

Pro forma net income

187,585