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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2022
Alfmeier |
Business Acquisition [Line Items] |
Summary of Product Revenues and Operating Income | The following table provides product revenues and operating income from Alfmeier that are included in our consolidated condensed financial statements:
|  | Three Months Ended September 30, 2022 |  |  | Nine Months Ended September 30, 2022 |
Product revenues |  | $ | 41,281 |  |  | $ | 41,281 |
Operating loss |  |  | (3,104 | ) |  |  | (3,104 | )
Summary of Preliminary Allocation of Purchase Consideration to Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary allocation of the purchase consideration to the estimated fair values of assets acquired and liabilities assumed as of the acquisition date:
Purchase price, cash consideration, net of cash acquired |  | $ | 188,941 |
Purchase price, Purchase Consideration Receivable |  | $ | (24,054 | )
Total purchase price, net of cash acquired |  | $ | 164,887 |
Accounts receivable |  |  | 24,988 |
Inventory |  |  | 36,026 |
Prepaid expenses and other assets |  |  | 20,920 |
Operating lease right-of-use assets |  |  | 4,608 |
Property and equipment |  |  | 89,942 |
Other intangible assets |  |  | 22,668 |
Goodwill |  |  | 43,678 |
Assumed liabilities |  |  | (55,994 | )
Deferred tax liabilities |  |  | (21,949 | )
Net assets acquired |  | $ | 164,887 |
Summary of Preliminary Allocation of Purchase Consideration to Other Intangible Assets Acquired | The following table summarizes the preliminary allocation of the purchase consideration to the other intangible assets acquired:
|  | Preliminary Fair Value |  |  | Weighted Average Life (in years) |
Definite-lived: |  |  |  |  |  |
Customer related |  | $ | 11,233 |  |  |  | 13 |
Technology |  |  | 11,435 |  |  |  | 9 |
Total |  | $ | 22,668 |  |  |  |
Summary of Unaudited Pro Forma Information | The following unaudited pro forma information represents our product revenues as if the acquisition of Alfmeier had occurred as of January 1, 2021:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Product revenues |  | $ | 352,946 |  |  | $ | 300,520 |  |  | $ | 1,005,337 |  |  | $ | 992,403 |
Dacheng |
Business Acquisition [Line Items] |
Summary of Product Revenues and Operating Income | The results of Dacheng's operations are reported within the Medical segment from the date of acquisition. The following table provides product revenues and operating income from Dacheng that are included in our consolidated condensed financial statements:
|  | Three Months Ended September 30, 2022 |  |  | Nine Months Ended September 30, 2022 |
Product re venues |  | $ | 1,234 |  |  | $ | 1,234 |
Operating loss |  |  | (153 | ) |  |  | (153 | )
Summary of Preliminary Allocation of Purchase Consideration to Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary allocation of the purchase consideration to the estimated fair values of assets acquired and liabilities assumed as of the acquisition date:
Purchase price, cash consideration, net of cash acquired |  | $ | 35,048 |
Accounts receivable |  |  | 746 |
Inventory |  |  | 1,942 |
Prepaid expenses and other assets |  |  | 152 |
Operating lease right-of-use assets |  |  | 841 |
Property and equipment |  |  | 684 |
Other intangible assets |  |  | 19,094 |
Goodwill |  |  | 22,995 |
Assumed liabilities |  |  | (2,799 | )
Deferred tax liabilities |  |  | (8,607 | )
Net assets acquired |  | $ | 35,048 |
Summary of Preliminary Allocation of Purchase Consideration to Other Intangible Assets Acquired | The following table summarizes the preliminary allocation of the purchase consideration to the other intangible assets acquired:
|  | Preliminary Fair Value |  |  | Weighted Average Life (in years) |
Definite-lived: |  |  |  |  |  |
Customer related |  | $ | 11,873 |  |  |  | 12 |
Technology |  |  | 4,749 |  |  |  | 12 |
Indefinite-lived: |  |  |  |  |  |
Tradenames |  |  | 2,472 |  |  |  | — |
Total |  | $ | 19,094 |  |  |  |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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