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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 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 financial statements:
|  | Year Ended December 31, |
|  | 2022 |
Product revenues |  | $ | 98,960 |
Net loss |  |  | (2,675 | )
Summary of Purchase Consideration to Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the purchase consideration to the fair values of assets acquired and liabilities assumed as of the acquisition date and subsequent measurement period adjustments:
|  | Initial Allocation as of August 1, 2022 |  |  | Measurement Period Adjustments |  |  | Revised Allocation as of December 31, 2022 |
Purchase price, consideration, net of cash acquired (a) |  | $ | 164,887 |  |  | $ | 5,813 |  |  | $ | 170,700 |
|  |  |  |  |  |  |  |  | — |
Accounts receivable |  |  | 24,988 |  |  |  | (121 | ) |  |  | 24,867 |
Inventory |  |  | 36,026 |  |  |  | (106 | ) |  |  | 35,920 |
Prepaid expenses and other assets |  |  | 20,920 |  |  |  | (74 | ) |  |  | 20,846 |
Operating lease right-of-use assets |  |  | 4,608 |  |  |  | — |  |  |  | 4,608 |
Property and equipment |  |  | 89,942 |  |  |  | 1,242 |  |  |  | 91,184 |
Other intangible assets |  |  | 22,668 |  |  |  | 8,791 |  |  |  | 31,459 |
Goodwill |  |  | 43,678 |  |  |  | (9,184 | ) |  |  | 34,494 |
Assumed liabilities |  |  | (55,994 | ) |  |  | 975 |  |  |  | (55,019 | )
Deferred tax liabilities |  |  | (21,949 | ) |  |  | 4,290 |  |  |  | (17,659 | )
Net assets acquired |  | $ | 164,887 |  |  | $ | 5,813 |  |  | $ | 170,700 |
(a) Purchase price includes cash paid of $170,439 plus amounts due to seller of $261.
Summary of Allocation of Purchase Consideration to Other Intangible Assets Acquired | The following table summarizes the allocation of the purchase consideration to the other intangible assets acquired:
|  | Preliminary Fair Value |  |  | Weighted Average Life (in years) |
Definite-lived: |  |  |  |  |  |
Customer related |  | $ | 19,812 |  |  |  | 14 |
Technology |  |  | 11,647 |  |  |  | 9 |
Total |  | $ | 31,459 |  |  |  |
Summary of Unaudited Pro Forma Information | The following unaudited pro forma information represents our product revenues and net income as if the acquisition of Alfmeier had occurred as of January 1, 2021:
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |
Product revenues |  | $ | 1,348,295 |  |  | $ | 1,304,505 |
Net Income |  |  | 17,645 |  |  |  | 92,079 |
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 financial statements:
|  | Year Ended December 31, |
|  | 2022 |
Product revenues |  | $ | 3,499 |
Net Loss |  |  | (217 | )
Summary of Purchase Consideration to Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the purchase consideration to the fair values of assets acquired and liabilities assumed as of the acquisition date and subsequent measurement period adjustments:
|  | Initial Allocation as of July 13, 2022 |  |  | Measurement Period Adjustments |  |  | Revised Allocation as of December 31, 2022 |
Purchase price, cash consideration, net of cash acquired |  | $ | 35,048 |  |  | $ | — |  |  | $ | 35,048 |
|  |  |  |  |  |  |  |  | — |
Accounts receivable |  |  | 746 |  |  |  | (84 | ) |  |  | 662 |
Inventory |  |  | 1,942 |  |  |  | (177 | ) |  |  | 1,765 |
Prepaid expenses and other assets |  |  | 152 |  |  |  | 22 |  |  |  | 174 |
Operating lease right-of-use assets |  |  | 841 |  |  |  | — |  |  |  | 841 |
Property and equipment |  |  | 684 |  |  |  | — |  |  |  | 684 |
Other intangible assets |  |  | 19,094 |  |  |  | 965 |  |  |  | 20,059 |
Goodwill |  |  | 22,995 |  |  |  | (3,979 | ) |  |  | 19,016 |
Assumed liabilities |  |  | (2,799 | ) |  |  | (40 | ) |  |  | (2,839 | )
Deferred tax liabilities |  |  | (8,607 | ) |  |  | 3,293 |  |  |  | (5,314 | )
Net assets acquired |  | $ | 35,048 |  |  | $ | — |  |  | $ | 35,048 |
Summary of Allocation of Purchase Consideration to Other Intangible Assets Acquired | The following table summarizes the allocation of the purchase consideration to the other intangible assets acquired:
|  | Preliminary Fair Value |  |  | Weighted Average Life (in years) |
Definite-lived: |  |  |  |  |  |
Customer related |  | $ | 12,837 |  |  |  | 12 |
Technology |  |  | 4,749 |  |  |  | 12 |
Indefinite-lived: |  |  |  |  |  |
Tradenames |  |  | 2,473 |  |  |  | — |
Total |  | $ | 20,059 |  |  |  |

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