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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Carrying Values of Indefinite Lived Intangible Assets | As of September 30, 2022 and December 31, 2021 the carrying values of our indefinite lived intangible assets were as follows (in thousands):
| September 30, 2022 |  | December 31, 2021
Goodwill | $ | 234,773 |  | $ | 250,000
In-process R&D | 1,901 |  | 2,208
Procurement contracts and agreements | 2,013 |  | 2,013
Trademarks | 247 |  | 66
Schedule of Goodwill by Reportable Segment | As of September 30, 2022 and December 31, 2021 the carrying value of goodwill, all of which is related to our Medical devices segment, is as follows (in thousands):
| Medical Devices Segment
Balance as of December 31, 2021 | $ | 250,000
Foreign currency translation | (15,227) |
Balance as of September 30, 2022 | $ | 234,773
Schedule of Gross Carrying Values, Accumulated Amortization, and Approximate Amortization Period of Definite Lived Intangible Assets | As of September 30, 2022 and December 31, 2021 the gross carrying values, accumulated amortization, and approximate amortization period of our definite lived intangible assets were as follows (in thousands, except weighted average useful life):
September 30, 2022 |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Weighted Average Useful Life (Years)
Acquired technology |  | $ | 190,108 |  | $ | 42,048 |  | $ | 148,060 |  | 18.3
Other intangibles: |  |  |  |  |  |  |  |
Customer lists and relationships |  | 30,868 |  | 10,677 |  | 20,191 |  | 20.6
Distribution and manufacturing rights and know-how |  | 8,476 |  | 4,900 |  | 3,576 |  | 5.0
Patents |  | 4,171 |  | 3,168 |  | 1,003 |  | 17.0
Other |  | 4,325 |  | 2,144 |  | 2,181 |  | 4.5
Total other intangibles |  | $ | 47,840 |  | $ | 20,889 |  | $ | 26,951 |  | 10.8
December 31, 2021 |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Weighted Average Useful Life (Years)
Acquired technology |  | $ | 213,626 |  | $ | 46,632 |  | $ | 166,994 |  | 17.7
Other intangibles: |  |  |  |  |  |  |  |
Customer lists and relationships |  | 31,148 |  | 9,618 |  | 21,530 |  | 20.5
Distribution and manufacturing rights and know-how |  | 9,847 |  | 4,308 |  | 5,539 |  | 5.0
Patents |  | 4,083 |  | 3,144 |  | 939 |  | 17.0
Other |  | 3,969 |  | 1,762 |  | 2,207 |  | 4.4
Total other intangibles |  | $ | 49,047 |  | $ | 18,832 |  | $ | 30,215 |  | 10.6
Summary of Amortization Expense | The following is a summary of amortization expense as recorded in General, administrative, and marketing expenses on our Condensed Consolidated Statement of Operations and Comprehensive (Loss) Income (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Amortization expense | $ | 3,686 |  |  | $ | 4,203 |  |  | $ | 11,675 |  |  | $ | 12,701 |
Scheduled Amortization of Intangible Assets for Next Five Years | As of September 30, 2022 scheduled amortization of intangible assets for the next five years is as follows (in thousands):
| Remainder of 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | Total
Amortization expense | $ | 3,593 |  |  | 14,174 |  |  | 13,822 |  |  | 12,070 |  |  | 11,842 |  |  | 11,748 |  |  | $ | 67,249 |

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