XML 55 R36.htm IDEA: XBRL DOCUMENT
v3.20.4

Goodwill and other intangible assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in Carrying Amount of Goodwill, by Reporting Segment | Changes in the carrying amount of goodwill, by reportable operating segment, for the years ended December 31, 2020 and 2019 were as follows:
| Americas |  |  | EMEA |  | Asia |  | OEM |  | Total
Balance as of December 31, 2018 |  |  |  |  |  |  |  |  |  |
Goodwill | $ | 1,881,662 |  |  |  | $ | 480,615 |  |  | $ | 211,547 |  |  | $ | 4,883 |  |  | $ | 2,578,707 |
Accumulated impairment losses | (332,128) |  |  |  | — |  |  | — |  |  | — |  |  | (332,128) |
| 1,549,534 |  |  |  | 480,615 |  |  | 211,547 |  |  | 4,883 |  |  | 2,246,579 |
Goodwill related to acquisitions | 439 |  |  |  | 189 |  |  | 1,205 |  |  | — |  |  | 1,833 |
Translation and other adjustments | 952 |  |  |  | (5,032) |  |  | 973 |  |  | — |  |  | (3,107) |
Balance as of December 31, 2019 | 1,550,925 |  |  |  | 475,772 |  |  | 213,725 |  |  | 4,883 |  |  | 2,245,305 |
Goodwill related to acquisitions | 149,877 |  |  |  | 22,364 |  |  | 15,698 |  |  | 107,127 |  |  | 295,066 |
Translation and other adjustments | (520) |  |  |  | 38,092 |  |  | 8,023 |  |  | — |  |  | 45,595 |
Balance as of December 31, 2020 | $ | 1,700,282 |  |  |  | $ | 536,228 |  |  | $ | 237,446 |  |  | $ | 112,010 |  |  | $ | 2,585,966 |
Components of Intangible Assets | The following table sets forth the components of identifiable intangible assets acquired and the ranges of the useful lives as of the date of each acquisition:
| HPC |  | Z-Medica
| Fair value |  | Useful life (years) |  | Fair value |  | Useful life (years)
Intellectual property | $ | 40,000 |  |  | 20 |  | $ | 86,500 |  |  | 13 - 16
Trade names | — |  |  | — |  | 47,500 |  |  | 25
Customer relationships | 139,000 |  |  | 20 |  | 198,000 |  |  | 26
Intangible assets at December 31, 2020 and 2019 consisted of the following:
| Gross Carrying Amount |  | Accumulated Amortization
| 2020 |  | 2019 |  | 2020 |  | 2019
Customer relationships | $ | 1,377,943 |  |  | $ | 1,021,852 |  |  | $ | (425,692) |  |  | $ | (367,585) |
In-process research and development | 29,627 |  |  | 27,940 |  |  | — |  |  | — |
Intellectual property | 1,458,924 |  |  | 1,351,990 |  |  | (479,612) |  |  | (402,340) |
Distribution rights | 23,866 |  |  | 23,369 |  |  | (20,280) |  |  | (18,859) |
Trade names | 619,847 |  |  | 563,315 |  |  | (65,955) |  |  | (50,718) |
Non-compete agreements | 24,592 |  |  | 22,618 |  |  | (23,514) |  |  | (15,297) |
| $ | 3,534,799 |  |  | $ | 3,011,084 |  |  | $ | (1,015,053) |  |  | $ | (854,799) |
Estimated Annual Amortization Expense | Amortization expense related to intangible assets was $158.7 million, $150.0 million, and $149.5 million for the years ended December 31, 2020, 2019 and 2018, respectively. Estimated annual amortization expense for each of the five succeeding years is as follows:
2021 | $ | 167,000 |
2022 | 165,300 |
2023 | 160,300 |
2024 | 159,100 |
2025 | 158,100 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration