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Description of the Company | 6 Months Ended
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Jul. 02, 2022
Accounting Policies [Abstract] |
Description of the Company | 1. Description of the Company Masimo Corporation is a global medical technology company dedicated to improving lives, taking noninvasive monitoring to new sites and applications while improving patient outcomes and reducing the cost of care. The Company invented Masimo Signal Extraction Technology® (SET®), which provides the capabilities of Measure-through Motion and Low Perfusion™ pulse oximetry to address the primary limitations of conventional pulse oximetry. Historically, the Company has been focused on the core healthcare businesses derived from its SET® technology. During the early stages of the COVID-19 pandemic, the Company strategically expanded into the fast evolving remote patient monitoring and home wellness markets as well as the therapeutics markets. On April 11, 2022, the Company acquired Viper Holdings Corporation d/b/a Sound United, LLC (Sound United), via the Company’s wholly-owned subsidiary, Sonic Boom Acquisition Corp (Sonic). Fo r more information on Masimo’s acquisition of Sound United, see Note 17, “Business Combinations”. In addition, t he Company updated its financial reporting segments to align with the way it manages the business units post-acquisition. See Note 24, “Segment and Enterprise Reporting”, for additional details. The terms the “Company” and “Masimo” refer to Masimo Corporation and, where applicable, its consolidated subsidiaries. ______________ (1) The use of the trademark Patient SafetyNet™ is under license from the University HealthSystem Consortium.

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- Definition The entire disclosure for the nature of an entity's business, major products or services, principal markets including location, and the relative importance of its operations in each business and the basis for the determination, including but not limited to, assets, revenues, or earnings. For an entity that has not commenced principal operations, disclosures about the risks and uncertainties related to the activities in which the entity is currently engaged and an understanding of what those activities are being directed toward. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -URI http://asc.fasb.org/topic&trid=2134479 + Details
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