v3.24.0.1

Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table summarizes the activity in Goodwill, by segment during the years ended December 31, 2023 and 2022:
| Prevention & Recovery |  | Reconstructive |  | Total
| (In thousands)
Balance, January 1, 2022 | $ | 1,088,533 |  |  | $ | 845,725 |  |  | $ | 1,934,258 |
Goodwill attributable to acquisitions(1) | — |  |  | 61,241 |  |  | 61,241 |
Impact of foreign currency translation | (10,897) |  |  | (1,014) |  |  | (11,911) |
Balance, December 31, 2022 | 1,077,636 |  |  | 905,952 |  |  | 1,983,588 |
Goodwill attributable to acquisitions(1) | — |  |  | 43,683 |  |  | 43,683 |
Impact of foreign currency translation | 23,859 |  |  | 9,763 |  |  | 33,622 |
Balance, December 31, 2023 | $ | 1,101,495 |  |  | $ | 959,398 |  |  | $ | 2,060,893 |
(1) Includes purchase accounting adjustments associated with acquisitions discussed in Note 5, “Acquisitions”.
Schedule Of Intangible Assets | The following table summarizes the Company’s Intangible assets, excluding Goodwill:
| Year Ended December 31,
| 2023 |  | 2022
| Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
| (In thousands)
Definite-Lived Intangible Assets |  |  |  |  |  |  |
Acquired customer relationships | $ | 548,234 |  |  | $ | (279,757) |  |  | $ | 528,489 |  |  | $ | (215,962) |
Acquired technology | 632,801 |  |  | (184,216) |  |  | 553,284 |  |  | (134,967) |
Acquired trade names | 458,917 |  |  | (100,061) |  |  | 414,801 |  |  | (74,644) |
Software | 83,849 |  |  | (42,910) |  |  | 72,371 |  |  | (39,202) |
Other intangible assets | 16,335 |  |  | (5,829) |  |  | 9,917 |  |  | (3,360) |
| $ | 1,740,136 |  |  | $ | (612,773) |  |  | $ | 1,578,862 |  |  | $ | (468,135) |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The Company’s expected annual amortization expense for intangible assets for the next five years is as follows:
| December 31, 2023
| (In thousands)
2024 | $ | 145,822 |
2025 | 144,572 |
2026 | 139,483 |
2027 | 131,403 |
2028 | 96,556 |

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