$ATEC
Alphatec Holdings, Inc.

2022 Q3 Form 10-Q Financial Statement

#000095017022014850 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $89.84M $84.15M $70.93M
YoY Change 42.87% 35.18% 60.77%
Cost Of Revenue $30.32M $28.68M $21.72M
YoY Change 30.33% 35.36% 77.09%
Gross Profit $59.52M $55.48M $49.22M
YoY Change 50.24% 35.09% 54.49%
Gross Profit Margin 66.25% 65.92% 69.38%
Selling, General & Admin $75.95M $72.67M $69.47M
YoY Change 23.51% 19.8% 71.85%
% of Gross Profit 127.62% 130.99% 141.16%
Research & Development $12.11M $10.60M $9.722M
YoY Change 28.96% 35.17% 67.59%
% of Gross Profit 20.35% 19.1% 19.75%
Depreciation & Amortization $8.000M $7.500M $9.315M
YoY Change 50.94% 50.0% 141.95%
% of Gross Profit 13.44% 13.52% 18.93%
Operating Expenses $94.49M $91.23M $79.19M
YoY Change 26.43% 18.76% 55.57%
Operating Profit -$34.97M -$35.75M -$41.23M
YoY Change -0.43% -0.01% 116.47%
Interest Expense $1.285M $1.435M $1.456M
YoY Change 1.02% -40.06% -24.87%
% of Operating Profit
Other Income/Expense, Net -$615.0K $67.00K -$30.00K
YoY Change -169.41% -518.75% -98.41%
Pretax Income -$36.87M -$37.12M -$42.72M
YoY Change -14.14% -2.74% 86.77%
Income Tax $129.0K $203.0K $129.0K
% Of Pretax Income
Net Earnings -$37.00M -$37.32M -$42.84M
YoY Change -14.02% -2.32% 87.07%
Net Earnings / Revenue -41.18% -44.35% -60.4%
Basic Earnings Per Share -$0.35 -$0.36 -$0.43
Diluted Earnings Per Share -$0.35 -$0.36 -$428.5K
COMMON SHARES
Basic Shares Outstanding 104.7M 102.8M 99.98M
Diluted Shares Outstanding 104.8M 102.8M 99.98M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $106.1M $107.5M $151.8M
YoY Change -52.6% 40.34% -20.56%
Cash & Equivalents $106.1M $107.5M $151.8M
Short-Term Investments
Other Short-Term Assets $9.718M $11.05M $12.09M
YoY Change 36.7% 33.98% 226.62%
Inventory $102.2M $102.8M $99.04M
Prepaid Expenses
Receivables $50.72M $43.93M $40.44M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $268.7M $265.2M $303.4M
YoY Change -24.76% 28.53% 8.7%
LONG-TERM ASSETS
Property, Plant & Equipment $98.91M $99.18M $96.19M
YoY Change 28.1% 50.16% 71.38%
Goodwill $37.59M $39.17M $40.83M
YoY Change
Intangibles $79.74M $78.61M $82.09M
YoY Change -10.25% -15.45% 240.21%
Long-Term Investments
YoY Change
Other Assets $2.881M $1.616M $1.544M
YoY Change -26.32% -57.95% 157.33%
Total Long-Term Assets $247.6M $246.7M $245.3M
YoY Change 2.75% 5.13% 95.62%
TOTAL ASSETS
Total Short-Term Assets $268.7M $265.2M $303.4M
Total Long-Term Assets $247.6M $246.7M $245.3M
Total Assets $516.3M $511.9M $548.7M
YoY Change -13.68% 16.08% 35.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.37M $33.16M $34.04M
YoY Change 13.37% 11.22% 28.92%
Accrued Expenses $66.27M $60.04M $65.19M
YoY Change 50.66% 38.16% 77.47%
Deferred Revenue $12.29M $13.85M $14.89M
YoY Change -26.39% -32.08%
Short-Term Debt $13.55M $14.27M $1.789M
YoY Change 121.44% 29.83%
Long-Term Debt Due $13.55M $14.27M $1.789M
YoY Change 121.44% 29.83% -66.87%
Total Short-Term Liabilities $125.5M $121.3M $115.9M
YoY Change 25.4% 12.78% 65.34%
LONG-TERM LIABILITIES
Long-Term Debt $348.3M $313.4M $326.6M
YoY Change 8.52% 461.75% 746.22%
Other Long-Term Liabilities $14.49M $15.75M $16.63M
YoY Change -13.53% 4.01% 47.27%
Total Long-Term Liabilities $362.8M $329.1M $343.3M
YoY Change 7.43% 364.03% 2940.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $125.5M $121.3M $115.9M
Total Long-Term Liabilities $362.8M $329.1M $343.3M
Total Liabilities $488.3M $450.5M $459.2M
YoY Change 11.54% 120.91% 226.11%
SHAREHOLDERS EQUITY
Retained Earnings -$899.5M -$862.5M -$823.6M
YoY Change 21.2%
Common Stock $11.00K $11.00K $10.00K
YoY Change 10.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $25.10M $25.10M $25.10M
YoY Change 0.0%
Treasury Stock Shares $1.808M $1.808M $1.808M
Shareholders Equity -$22.57M $10.54M $41.98M
YoY Change
Total Liabilities & Shareholders Equity $516.3M $511.9M $548.7M
YoY Change -13.68% 16.08% 35.65%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$37.00M -$37.32M -$42.84M
YoY Change -14.02% -2.32% 87.07%
Depreciation, Depletion And Amortization $8.000M $7.500M $9.315M
YoY Change 50.94% 50.0% 141.95%
Cash From Operating Activities -$14.69M -$27.34M -$24.71M
YoY Change -37.4% 65.58% 32.83%
INVESTING ACTIVITIES
Capital Expenditures -$15.63M -$14.41M $13.26M
YoY Change 20.98% -30.81% -12.79%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$15.63M -$14.41M -$13.41M
YoY Change 20.98% -85.42% -48.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 29.44M -1.926M 2.697M
YoY Change -83.97% -4.23% -97.94%
NET CHANGE
Cash From Operating Activities -14.69M -27.34M -24.71M
Cash From Investing Activities -15.63M -14.41M -13.41M
Cash From Financing Activities 29.44M -1.926M 2.697M
Net Change In Cash -874.0K -43.67M -35.44M
YoY Change -100.59% -62.79% -142.5%
FREE CASH FLOW
Cash From Operating Activities -$14.69M -$27.34M -$24.71M
Capital Expenditures -$15.63M -$14.41M $13.26M
Free Cash Flow $938.0K -$12.93M -$37.97M
YoY Change -108.89% -399.4% 12.31%

Facts In Submission

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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98541000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98541000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101422000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101422000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92912000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92912000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-37320000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-38205000
us-gaap Net Income Loss
NetIncomeLoss
-80164000
us-gaap Net Income Loss
NetIncomeLoss
-61108000
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-5289000
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1697000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-6469000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1355000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-42609000
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-36508000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7730000
CY2022Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
2178000
CY2022Q1 atec Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
1289000
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-5687000
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
140000
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-4751000
CY2021Q2 atec Stock Issued During Period Value Shareholder Note Receivable
StockIssuedDuringPeriodValueShareholderNoteReceivable
1100000
CY2022Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1180000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-42844000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
41984000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10109000
CY2022Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
361000
CY2022Q2 atec Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
2675000
CY2022Q2 atec Stock Issued During Period Value Employee Stock Purchase Plan And Stock Option Exercises
StockIssuedDuringPeriodValueEmployeeStockPurchasePlanAndStockOptionExercises
2331000
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-4562000
CY2022Q2 atec Stock Issued During Period Value Asset Acquisition
StockIssuedDuringPeriodValueAssetAcquisition
250000
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-5289000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-37320000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
10539000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
129880000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3889000
CY2021Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
129000
CY2021Q1 atec Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
756000
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
210000
CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-1717000
CY2021Q1 atec Stock Issued During Period Value Shareholder Note Receivable
StockIssuedDuringPeriodValueShareholderNoteReceivable
1100000
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-3052000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-22903000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
108292000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11187000
CY2021Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
94000
CY2021Q2 atec Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
1729000
CY2021Q2 atec Stock Issued During Period Value Employee Stock Purchase Plan And Stock Option Exercises
StockIssuedDuringPeriodValueEmployeeStockPurchasePlanAndStockOptionExercises
1479000
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1697000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-38205000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
213514000
us-gaap Profit Loss
ProfitLoss
-80164000
us-gaap Profit Loss
ProfitLoss
-61108000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19007000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10394000
us-gaap Share Based Compensation
ShareBasedCompensation
19387000
us-gaap Share Based Compensation
ShareBasedCompensation
15970000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
973000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1292000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1128000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1950000
us-gaap Inventory Write Down
InventoryWriteDown
4100000
us-gaap Inventory Write Down
InventoryWriteDown
4317000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-1194000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-689000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-126000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
2003000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
16615000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15195000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-79778000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-31184000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
187248000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
107765000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
107470000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76581000
us-gaap Interest Paid Net
InterestPaidNet
1970000
us-gaap Interest Paid Net
InterestPaidNet
3476000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1515000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
253000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-145000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
7651000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3797000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3646000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-62000
atec Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
-1054000
atec Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
-26000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-187000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-444000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-97000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
914000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-52050000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-35110000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
26338000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
36028000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1479000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
62133000
us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
21097000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
3000000
atec Settlement Of Forward Contract
SettlementOfForwardContract
2589000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-27817000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-124847000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
131828000
atec Net Cash Paid Received From Common Stock Exercises
NetCashPaidReceivedFromCommonStockExercises
-218000
atec Net Cash Paid Received From Common Stock Exercises
NetCashPaidReceivedFromCommonStockExercises
3044000
atec Proceeds From Financed Insurance
ProceedsFromFinancedInsurance
1617000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
83000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2000
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-981000
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-13000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
771000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
128769000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-682000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
78611000
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
82734000
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
71320000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2304000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
591000
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
750000
atec Recognition Of Lease Liability
RecognitionOfLeaseLiability
23159000
atec Modification Of Lease Liability For Lease Amendment
ModificationOfLeaseLiabilityForLeaseAmendment
4288000
atec Noncash Or Part Noncash Common Stock Issued For Asset Acquisition
NoncashOrPartNoncashCommonStockIssuedForAssetAcquisition
250000
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the useful lives of property and equipment, goodwill, intangible assets, allowances for doubtful accounts, the valuation of share-based liabilities, deferred tax assets, inventory, stock-based compensation, revenues, income tax uncertainties, and other contingencies.</span></p>
CY2022Q2 us-gaap Inventory Net
InventoryNet
102796000
CY2021Q4 us-gaap Inventory Net
InventoryNet
91703000
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
1600000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-2147000
CY2022Q2 us-gaap Goodwill
Goodwill
39170000
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
14726000
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
14671000
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
5336000
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5712000
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
95847000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17236000
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
78611000
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
183919000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
160125000
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
84736000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
72724000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
99183000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
87401000
CY2022Q2 us-gaap Depreciation
Depreciation
7500000
us-gaap Depreciation
Depreciation
14600000
CY2021Q2 us-gaap Depreciation
Depreciation
5000000.0
us-gaap Depreciation
Depreciation
8400000
CY2021Q4 us-gaap Goodwill
Goodwill
39689000
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
1628000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
98623000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13349000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
85274000
CY2022Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
2200000
us-gaap Adjustment For Amortization
AdjustmentForAmortization
4400000
CY2021Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1500000
us-gaap Adjustment For Amortization
AdjustmentForAmortization
1900000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
4429000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
8859000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
8756000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8171000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8171000
CY2022Q2 atec Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
40225000
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
16650000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
18151000
CY2022Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2800000
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2896000
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
13850000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
15255000
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
5800000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
10100000
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3400000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3400000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
18151000
atec Contract With Customer Liability Payments Received
ContractWithCustomerLiabilityPaymentsReceived
8634000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
10135000
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
16650000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1207000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
13936000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1500000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1233000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
317483000
CY2022Q2 atec Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
590000
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
335949000
CY2022Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
8286000
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
327663000
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
14266000
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
313397000
us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
Company recognizes right-of-use assets (“ROU assets”) and lease liabilities for office buildings and certain equipment with lease terms of 1 year to 10 years, some of which include options to extend and/or terminate the leases. Any short-term leases defined as twelve months or less or month-to-month leases were excluded and continue to be expensed each month. Total costs associated with these short-term leases is immaterial to all periods presented.
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2193000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4667000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4782000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4752000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4857000
CY2022Q2 atec Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
18014000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
39265000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7766000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
31499000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4164000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
27335000
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M6D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.085
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
1091000
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
1119000
us-gaap Operating Lease Expense
OperatingLeaseExpense
2247000
us-gaap Operating Lease Expense
OperatingLeaseExpense
2202000
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1129000
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
495000
us-gaap Operating Lease Payments
OperatingLeasePayments
2151000
us-gaap Operating Lease Payments
OperatingLeasePayments
875000
us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
28900000
CY2022Q2 us-gaap Litigation Reserve Current
LitigationReserveCurrent
4400000
CY2021Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
4400000
CY2022Q2 us-gaap Litigation Reserve Noncurrent
LitigationReserveNoncurrent
1865000
CY2021Q4 us-gaap Litigation Reserve Noncurrent
LitigationReserveNoncurrent
3587000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
102849000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98541000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92912000
CY2022Q2 us-gaap Litigation Reserve
LitigationReserve
6265000
CY2021Q4 us-gaap Litigation Reserve
LitigationReserve
7987000
CY2022Q2 atec Litigation Settlement Obligation Future Imputed Interest Amount
LitigationSettlementObligationFutureImputedInterestAmount
254000
CY2021Q4 atec Litigation Settlement Obligation Future Imputed Interest Amount
LitigationSettlementObligationFutureImputedInterestAmount
478000
CY2022Q2 atec Litigation Settlement Obligation Net
LitigationSettlementObligationNet
6519000
CY2021Q4 atec Litigation Settlement Obligation Net
LitigationSettlementObligationNet
8465000
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9203000
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11496000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19387000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15970000
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
17500000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
84151000
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
62249000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
155084000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
106370000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
99183000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
87401000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-37320000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-38205000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-80164000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-61108000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
102849000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98541000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101422000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101422000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92912000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.36
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.36
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.39
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.79
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.66
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.66
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
46618000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
32891000
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0055
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0042
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0011
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0012
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21

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