XML 40 R28.htm IDEA: XBRL DOCUMENT v3.21.2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the six-month period ended June 30, 2021 were as follows:

Dollars in thousands			Codman Specialty Surgical						Tissue Technologies						Total
Goodwill at December 31, 2020			$	671,975					$	260,392					$	932,367
ACell Acquisition			—						94,298						94,298
Foreign currency translation			(7,218)						(3,809)						(11,027)
Goodwill at June 30, 2021			$	664,757					$	350,881					$	1,015,638

Schedule of Finite-Lived Intangible Assets

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

			June 30, 2021
Dollars in thousands			Weighted Average Life						Cost						Accumulated Amortization						Net
Completed technology			18 years						$	1,125,279					$	(274,287)					$	850,992
Customer relationships			12 years						$	212,572					$	(137,897)					$	74,675
Trademarks/brand names			28 years						$	99,319					$	(29,866)					$	69,453
Codman tradename			Indefinite						$	166,651					$	—					$	166,651
Supplier relationships			30 years						$	30,211					$	(15,691)					$	14,520
All other			11 years						$	6,473					$	(3,880)					$	2,593
									$	1,640,505					$	(461,621)					$	1,178,884

			December 31, 2020
Dollars in thousands			Weighted Average Life						Cost						Accumulated Amortization						Net
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 tradename			Indefinite						170,226						—						170,226
Supplier relationships			27 years						30,211						(15,203)						15,008
All other (1)			4 years						6,693						(3,755)						2,938
									$	1,421,087					$	(431,651)					$	989,436

(1) Prior period amounts were reclassified as it relates to All other within this table to conform to the current period presentation.

Schedule of Indefinite-Lived Intangible Assets

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

			June 30, 2021
Dollars in thousands			Weighted Average Life						Cost						Accumulated Amortization						Net
Completed technology			18 years						$	1,125,279					$	(274,287)					$	850,992
Customer relationships			12 years						$	212,572					$	(137,897)					$	74,675
Trademarks/brand names			28 years						$	99,319					$	(29,866)					$	69,453
Codman tradename			Indefinite						$	166,651					$	—					$	166,651
Supplier relationships			30 years						$	30,211					$	(15,691)					$	14,520
All other			11 years						$	6,473					$	(3,880)					$	2,593
									$	1,640,505					$	(461,621)					$	1,178,884

			December 31, 2020
Dollars in thousands			Weighted Average Life						Cost						Accumulated Amortization						Net
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 tradename			Indefinite						170,226						—						170,226
Supplier relationships			27 years						30,211						(15,203)						15,008
All other (1)			4 years						6,693						(3,755)						2,938
									$	1,421,087					$	(431,651)					$	989,436

(1) Prior period amounts were reclassified as it relates to All other within this table to conform to the current period presentation.

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:	dtr-types: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:	dtr-types: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:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration