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Goodwill And Other Intangible Assets | 12 Months Ended
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Dec. 31, 2018
Goodwill And Other Intangible Assets [Abstract] |
Goodwill And Other Intangible Assets | 9. Goodwill and Other Intangible Assets ﻿ Indefinite Lived Intangible Assets ﻿ As of December 31, 2018 and 2017 the carrying values of our indefinite lived intangible assets are as follows (in thousands): ﻿
﻿ |  |  |  |  |
﻿ | 2018 |  | 2017
﻿Goodwill | $ | 188,781 |  | $ | 188,305
﻿In-process R&D |  | 9,382 |  |  | 13,954
﻿Procurement contracts and agreements |  | 2,013 |  |  | 2,013
﻿Trademarks |  | 844 |  |  | 841
﻿ Based on our experience with similar agreements, we believe that our acquired procurement contracts and agreements have indefinite useful lives, as we expect to continue to renew these contracts for the foreseeable future. We believe that our trademarks have indefinite useful lives as we currently anticipate that these trademarks will contribute to our cash flows indefinitely. ﻿ As of December 31, 2018 and 2017 the value of our goodwill, all of which is related to our Medical Devices segment, is as follows (in thousands): ﻿
﻿ |  |  |  |  |
﻿ |  |  |  |  |
﻿ | 2018 |  | 2017
﻿Balance as of January 1, | $ | 188,305 |  | $ | 78,294
﻿Goodwill from JOTEC acquisition |  | 5,100 |  |  | 110,100
﻿Revaluation of goodwill denominated in foreign currency |  | (4,624) |  |  | (89)
﻿Balance as of December 31, | $ | 188,781 |  | $ | 188,305
﻿ Definite Lived Intangible Assets ﻿ As of December 31, 2018 and 2017 gross carrying values, accumulated amortization, and approximate amortization periods of our definite lived intangible assets are as follows (dollars in thousands):
﻿ |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |
﻿ | Gross Carrying |  | Accumulated |  | Amortization
﻿December 31, 2018 | Value |  | Amortization |  | Period
﻿Acquired technology | $ | 134,999 |  |  | 16,815 |  | 11 | – | 22 | Years
﻿Patents |  | 3,656 |  |  | 2,970 |  |  |  | 17 | Years
﻿Distribution and manufacturing rights and know-how |  | 4,059 |  |  | 2,107 |  | 11 | – | 15 | Years
﻿Customer lists and relationships |  | 31,169 |  |  | 5,068 |  | 13 | – | 22 | Years
﻿Other |  | 1,154 |  |  | 235 |  | 3 | – | 5 | Years
﻿ |  |  |  |  |  |  |  |  |  |
﻿ | Gross Carrying |  | Accumulated |  | Amortization
﻿December 31, 2017 | Value |  | Amortization |  | Period
﻿Acquired technology | $ | 139,045 |  |  | 8,685 |  | 11 | – | 22 | Years
﻿Patents |  | 3,612 |  |  | 2,819 |  |  |  | 17 | Years
﻿Distribution and manufacturing rights and know-how |  | 4,059 |  |  | 1,820 |  | 11 | – | 15 | Years
﻿Customer lists and relationships |  | 32,419 |  |  | 3,552 |  | 13 | – | 22 | Years
﻿Other |  | 1,439 |  |  | 1,076 |  |  |  | 3 | Years
﻿ Amortization Expense ﻿ Amortization expense recorded in general, administrative, and marketing expenses on our Consolidated Statements of Operations and Comprehensive (Loss) Income for the years ended December 31 is as follows (in thousands):
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿ | 2018 |  | 2017 |  | 2016
﻿Amortization expense | $ | 10,792 |  | $ | 5,085 |  | $ | 4,426
﻿ As of December 31, 2018 scheduled amortization of intangible assets for the next five years is as follows (in thousands):
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | Total
﻿Amortization expense | $ | 10,394 |  | $ | 10,228 |  | $ | 10,203 |  | $ | 9,657 |  | $ | 9,244 |  | $ | 49,726

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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