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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 5. Goodwill and Intangible Assets The following table presents LivaNova’s finite-lived and indefinite-lived intangible assets (in thousands):
|  | Amortization Period in Years |  | December 31,
|  |  | 2025 |  | 2024
Finite-lived intangible assets: |  |  |  |  |  |
Customer relationships |  | 7 - 18 |  | $ | 190,850 |  |  | $ | 178,616 |
Developed technology |  | 14 - 17 |  | 108,907 |  |  | 97,858 |
Trade names |  |  |  | 14,076 |  |  | 12,453 |
Other intangible assets |  |  |  | 1,038 |  |  | 721 |
Total gross finite-lived intangible assets |  |  |  | 314,871 |  |  | 289,648 |
Accumulated amortization - Customer relationships |  |  |  | (107,785) |  |  | (90,895) |
Accumulated amortization - Developed technology |  |  |  | (74,263) |  |  | (60,315) |
Accumulated amortization - Trade names |  |  |  | (14,076) |  |  | (12,453) |
Accumulated amortization - Other intangible assets |  |  |  | (783) |  |  | (691) |
Total accumulated amortization |  |  |  | (196,907) |  |  | (164,354) |
Net finite-lived intangible assets |  |  |  | $ | 117,964 |  |  | $ | 125,294 |
Indefinite-lived intangible assets: |  |  |  |  |  |
IPR&D |  |  |  | $ | 112,000 |  |  | $ | 112,000 |
Goodwill |  |  |  | 792,840 |  |  | 750,006 |
Total indefinite-lived intangible assets |  |  |  | $ | 904,840 |  |  | $ | 862,006 |
The following table presents estimated future amortization expense based on LivaNova’s finite-lived intangible assets as of December 31, 2025 (in thousands):
2026 |  | $ | 18,162 |
2027 |  | 17,763 |
2028 |  | 17,763 |
2029 |  | 17,652 |
2030 |  | 16,432 |
In connection with the 2024 Restructuring Plan, as previously discussed in “Note 4. Restructuring,” LivaNova recorded impairments of the ACS developed technology and trade names intangible assets of $78.1 million and $7.1 million, respectively, for the year ended December 31, 2023, which are included within impairment of long-lived assets on the consolidated statements of income (loss). Goodwill The following table presents the changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2025 and 2024 (in thousands):
|  | Cardiopulmonary |  | Neuromodulation |  | Total
As of December 31, 2023 |  | $ | 384,187 |  |  | $ | 398,754 |  |  | $ | 782,941 |
Foreign currency translation adjustment |  | (32,935) |  |  | — |  |  | (32,935) |
As of December 31, 2024 |  | 351,252 |  |  | 398,754 |  |  | 750,006 |
Foreign currency translation adjustment |  | 42,834 |  |  | — |  |  | 42,834 |
As of December 31, 2025 |  | $ | 394,086 |  |  | $ | 398,754 |  |  | $ | 792,840 |
LivaNova performed a quantitative goodwill impairment assessment for its Cardiopulmonary and Neuromodulation reporting units as of October 1, 2025. The assessment was performed using management’s current estimate of future cash flows and discount rates to present value. LivaNova concluded that the fair value of its Cardiopulmonary and Neuromodulation reporting units exceeded the carrying value of the respective reporting units and were, therefore, not impaired on the October 1, 2025 test date.

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