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Geographic and Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Revenue from External Customers by Geographic Areas

The table below presents net sales by operating segment and geographic region (in thousands):

												Three Months Ended March 31,
																		2021						2020
Cardiopulmonary
United States																		$	35,759					$	36,858
Europe																		30,626						34,234
Rest of World																		42,334						45,275
																		108,719						116,367
Heart Valves
United States																		2,717						3,373
Europe																		8,284						9,529
Rest of World																		10,454						12,309
																		21,455						25,211
Advanced Circulatory Support
United States																		12,560						10,076
Europe																		228						370
Rest of World																		204						45
																		12,992						10,491
Cardiovascular
United States																		51,036						50,307
Europe																		39,138						44,133
Rest of World																		52,992						57,629
																		143,166						152,069
Neuromodulation
United States																		82,300						73,276
Europe																		11,679						10,583
Rest of World																		9,720						5,798
																		103,699						89,657
Other																		738						671
Totals
United States																		133,336						123,583
Europe (1)																		50,817						54,716
Rest of World																		63,450						64,098
Total (2)																		$	247,603					$	242,397

(1)Europe sales include those countries in which we have a direct sales presence, whereas European countries in which we sell through distributors are included in Rest of World.

(2)No single customer represented over 10% of our consolidated net sales. No country’s net sales exceeded 10% of our consolidated sales except for the U.S.

Schedule of Segment Reporting Information, by Segment

The table below presents a reconciliation of segment income from continuing operations to consolidated income from continuing operations before tax (in thousands):

												Three Months Ended March 31,
																		2021						2020
Cardiovascular																		$	5,628					$	8,681
Neuromodulation																		34,039						33,858
Other																		(30,669)						(26,610)
Total reportable segment income from continuing operations																		8,998						15,929
Merger and integration expenses																		630						3,474
Restructuring expenses																		6,092						1,580
Amortization of intangibles																		6,699						10,267
Operating income from continuing operations																		(4,423)						608
Interest income																		(74)						148
Interest expense																		(15,936)						(4,849)
Foreign exchange and other losses																		(6,369)						(1,914)
Income from continuing operations before tax																		$	(26,802)					$	(6,007)

Assets by segment are as follows (in thousands):

						March 31, 2021						December 31, 2020
Cardiovascular						$	1,319,493					$	1,361,669
Neuromodulation						642,123						673,586
Other						407,553						376,096
Total assets						$	2,369,169					$	2,411,351

Capital expenditures by segment are as follows (in thousands):

												Three Months Ended March 31,
																		2021						2020
Cardiovascular																		$	4,149					$	5,292
Neuromodulation																		40						5,239
Other																		925						1,843
Total																		$	5,114					$	12,374

Schedule of Goodwill

The changes in the carrying amount of goodwill by segment for the three months ended March 31, 2021 were as follows (in thousands):

						Cardiovascular						Neuromodulation						Total
December 31, 2020						$	523,564					$	398,754					$	922,318
Foreign currency adjustments						(12,326)						—						(12,326)
March 31, 2021						$	511,238					$	398,754					$	909,992

Long-lived Assets by Geographic Areas

Property, plant and equipment, net by geography are as follows (in thousands):

						March 31, 2021						December 31, 2020
United States						$	64,002					$	64,553
Europe						87,945						93,821
Rest of World						5,945						5,431
Total						$	157,892					$	163,805

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Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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