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Acquisitions (Tables)

12 Months Ended

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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