XML 52 R35.htm IDEA: XBRL DOCUMENT v3.20.4

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill in 2020 and 2019 were as follows:

			Codman Specialty Surgical						Orthopedics and Tissue Technologies						Total
			(In thousands)
Goodwill at January 1, 2019			$	625,760					$	300,715					$	926,475
Arkis Acquisition			27,600						—						27,600
Foreign currency translation			140						65						205
Goodwill at December 31, 2019			$	653,500					$	300,780					$	954,280
Foreign currency translation			18,475						7,158						25,633
Transfer to assets held for sale (See Note 3. Assets Held for Sale)			$	—					$	(47,546)					$	(47,546)
Goodwill at December 31, 2020			$	671,975					$	260,392					$	932,367

Schedule of Components of Indefinite-Lived Intangible Assets

The components of the Company's identifiable intangible assets were as follows:

			December 31, 2020
			Weighted Average Life						Cost						Accumulated Amortization						Net
						(Dollars in Thousands)
Completed technology			19 years						$	896,478					$	(248,088)					$	648,390
Customer relationships			12 years						213,270						(132,838)						80,432
Trademarks/brand names			28 years						104,209						(31,767)						72,442
Codman trade name			Indefinite						170,226						—						170,226
Supplier relationships			27 years						30,211						(15,203)						15,008
All other (1)			4 years						9,995						(7,057)						2,938
									$	1,424,389					$	(434,953)					$	989,436

			December 31, 2019
			Weighted Average Life						Cost						Accumulated Amortization						Net
						(Dollars in Thousands)
Completed technology			19 years						$	880,623					$	(213,702)					$	666,921
Customer relationships			12 years						222,575						(119,393)						103,182
Trademarks/brand names			28 years						103,873						(28,514)						75,359
Codman trade name			Indefinite						163,126						—						163,126
Supplier relationships			27 years						34,721						(17,947)						16,774
All other (1)			4 years						10,869						(4,640)						6,229
									$	1,415,787					$	(384,196)					$	1,031,591

(1)At December 31, 2020 and 2019, all other included IPR&D of $1.0 million, which was indefinite-lived. At December 31, 2020, this IPR&D asset was presented separately as "assets held for sale" in conjunction with the sale of the Extremity Orthopedics business which is expected to be sold within twelve months. See Note 3, Assets and Liabilities Held for Sale, for details.

Schedule of Components of Finite-Lived Intangible Assets

The components of the Company's identifiable intangible assets were as follows:

			December 31, 2020
			Weighted Average Life						Cost						Accumulated Amortization						Net
						(Dollars in Thousands)
Completed technology			19 years						$	896,478					$	(248,088)					$	648,390
Customer relationships			12 years						213,270						(132,838)						80,432
Trademarks/brand names			28 years						104,209						(31,767)						72,442
Codman trade name			Indefinite						170,226						—						170,226
Supplier relationships			27 years						30,211						(15,203)						15,008
All other (1)			4 years						9,995						(7,057)						2,938
									$	1,424,389					$	(434,953)					$	989,436

			December 31, 2019
			Weighted Average Life						Cost						Accumulated Amortization						Net
						(Dollars in Thousands)
Completed technology			19 years						$	880,623					$	(213,702)					$	666,921
Customer relationships			12 years						222,575						(119,393)						103,182
Trademarks/brand names			28 years						103,873						(28,514)						75,359
Codman trade name			Indefinite						163,126						—						163,126
Supplier relationships			27 years						34,721						(17,947)						16,774
All other (1)			4 years						10,869						(4,640)						6,229
									$	1,415,787					$	(384,196)					$	1,031,591

(1)At December 31, 2020 and 2019, all other included IPR&D of $1.0 million, which was indefinite-lived. At December 31, 2020, this IPR&D asset was presented separately as "assets held for sale" in conjunction with the sale of the Extremity Orthopedics business which is expected to be sold within twelve months. See Note 3, Assets and Liabilities Held for Sale, for details.

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

+ Details

Name:	us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 3
-Subparagraph (b),(d)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

+ Details

Name:	us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration