XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.24.2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
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, 2024 were as follows:
Dollars in thousands | Codman Specialty Surgical |  | Tissue Technologies |  | Total
Goodwill at December 31, 2023 | $ | 666,937 |  |  | $ | 388,525 |  |  | $ | 1,055,462 |
Acclarent Acquisition | 65,579 |  |  | — |  |  | 65,579 |
Foreign currency translation | (10,717) |  |  | (5,684) |  |  | (16,401) |
Goodwill at June 30, 2024 | $ | 721,799 |  |  | $ | 382,841 |  |  | $ | 1,104,640 |
Schedule of Finite-Lived Intangible Assets | The components of the Company’s identifiable intangible assets were as follows:
| June 30, 2024
Dollars in thousands | Weighted Average Life |  | Cost |  | Accumulated Amortization |  | Net
Completed technology | 17 years |  | $ | 1,412,670 |  |  | $ | (482,499) |  |  | $ | 930,171 |
Customer relationships | 12 years |  | 167,273 |  |  | (135,789) |  |  | 31,484 |
Trademarks/brand names | 27 years |  | 100,600 |  |  | (40,351) |  |  | 60,249 |
Codman tradename | Indefinite |  | 168,969 |  |  | — |  |  | 168,969 |
Supplier relationships | 30 years |  | 30,211 |  |  | (18,637) |  |  | 11,574 |
All other | 6 years |  | 23,015 |  |  | (5,520) |  |  | 17,495 |
|  |  | $ | 1,902,738 |  |  | $ | (682,796) |  |  | $ | 1,219,942 |
| December 31, 2023
Dollars in thousands | Weighted Average Life |  | Cost |  | Accumulated Amortization |  | Net
Completed technology | 18 years |  | $ | 1,226,128 |  |  | $ | (448,519) |  |  | $ | 777,609 |
Customer relationships | 12 years |  | 193,895 |  |  | (152,160) |  |  | 41,735 |
Trademarks/brand names | 28 years |  | 98,892 |  |  | (38,754) |  |  | 60,138 |
Codman tradename | Indefinite |  | 174,531 |  |  | — |  |  | 174,531 |
Supplier relationships | 30 years |  | 30,211 |  |  | (18,148) |  |  | 12,063 |
All other | 11 years |  | 6,180 |  |  | (4,423) |  |  | 1,757 |
|  |  | $ | 1,729,837 |  |  | $ | (662,004) |  |  | $ | 1,067,833 |
Schedule of Indefinite-Lived Intangible Assets | The components of the Company’s identifiable intangible assets were as follows:
| June 30, 2024
Dollars in thousands | Weighted Average Life |  | Cost |  | Accumulated Amortization |  | Net
Completed technology | 17 years |  | $ | 1,412,670 |  |  | $ | (482,499) |  |  | $ | 930,171 |
Customer relationships | 12 years |  | 167,273 |  |  | (135,789) |  |  | 31,484 |
Trademarks/brand names | 27 years |  | 100,600 |  |  | (40,351) |  |  | 60,249 |
Codman tradename | Indefinite |  | 168,969 |  |  | — |  |  | 168,969 |
Supplier relationships | 30 years |  | 30,211 |  |  | (18,637) |  |  | 11,574 |
All other | 6 years |  | 23,015 |  |  | (5,520) |  |  | 17,495 |
|  |  | $ | 1,902,738 |  |  | $ | (682,796) |  |  | $ | 1,219,942 |
| December 31, 2023
Dollars in thousands | Weighted Average Life |  | Cost |  | Accumulated Amortization |  | Net
Completed technology | 18 years |  | $ | 1,226,128 |  |  | $ | (448,519) |  |  | $ | 777,609 |
Customer relationships | 12 years |  | 193,895 |  |  | (152,160) |  |  | 41,735 |
Trademarks/brand names | 28 years |  | 98,892 |  |  | (38,754) |  |  | 60,138 |
Codman tradename | Indefinite |  | 174,531 |  |  | — |  |  | 174,531 |
Supplier relationships | 30 years |  | 30,211 |  |  | (18,148) |  |  | 12,063 |
All other | 11 years |  | 6,180 |  |  | (4,423) |  |  | 1,757 |
|  |  | $ | 1,729,837 |  |  | $ | (662,004) |  |  | $ | 1,067,833 |

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://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + 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://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2 + 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://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration