XML 34 R16.htm IDEA: XBRL DOCUMENT
v3.21.2

Goodwill and Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | (7) Goodwill and Intangible Assets The following table summarizes the activity in goodwill:
| Nine Months Ended September 30, 2021
| Healthcare |  | Industrial |  | Consolidated
(in thousands) | Gross Goodwill |  | Dispositions, Acquisitions and Impairments |  | Net Goodwill |  | Gross Goodwill |  | Dispositions, Acquisitions and Impairments |  | Net Goodwill |  | Gross Goodwill |  | Dispositions, Acquisitions and Impairments |  | Net Goodwill
Balance at beginning of year | $ | 101,767 |  |  | $ | (32,055) |  |  | $ | 69,712 |  |  | $ | 134,382 |  |  | $ | (42,329) |  |  | $ | 92,053 |  |  | $ | 236,149 |  |  | $ | (74,384) |  |  | $ | 161,765 |
Additions and adjustments (a) | $ | — |  |  | $ | (14,961) |  |  | $ | (14,961) |  |  | $ | — |  |  | $ | (1,519) |  |  | $ | (1,519) |  |  | $ | — |  |  | $ | (16,480) |  |  | $ | (16,480) |
Foreign currency translation adjustments | $ | (2,319) |  |  | $ | — |  |  | $ | (2,319) |  |  | $ | (3,060) |  |  | $ | — |  |  | $ | (3,060) |  |  | $ | (5,379) |  |  | $ | — |  |  | $ | (5,379) |
Total goodwill | $ | 99,448 |  |  | $ | (47,016) |  |  | $ | 52,432 |  |  | $ | 131,322 |  |  | $ | (43,848) |  |  | $ | 87,474 |  |  | $ | 230,770 |  |  | $ | (90,864) |  |  | $ | 139,906 |
a.The 2021 additions/adjustments for the Healthcare and Industrial segments in the table above relate to the acquisitions of Allevi and Additive of $3,278 as well as the dispositions of ODM and Simbionix of $19,397. The goodwill related to the Cimatron disposition was included in net assets held for sale as of December 31, 2020. Intangible assets, net, other than goodwill, at September 30, 2021 and December 31, 2020 are summarized as follows:
| September 30, 2021 |  | December 31, 2020 |  |
(in thousands) | Gross (a) |  | Accumulated Amortization |  | Net |  | Gross (a) |  | Accumulated Amortization |  | Net |  | Weighted Average Useful Life Remaining (in years)
Intangible assets with finite lives: |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 59,059 |  |  | $ | (50,063) |  |  | $ | 8,996 |  |  | $ | 71,123 |  |  | $ | (56,682) |  |  | $ | 14,441 |  |  | 3.1
Acquired technology | 17,302 |  |  | (16,199) |  |  | 1,103 |  |  | 42,472 |  |  | (41,201) |  |  | 1,271 |  |  | 6.0
Trade names | 13,775 |  |  | (10,150) |  |  | 3,625 |  |  | 17,477 |  |  | (16,506) |  |  | 971 |  |  | 1.9
Patent costs | 21,384 |  |  | (11,502) |  |  | 9,882 |  |  | 19,828 |  |  | (10,999) |  |  | 8,829 |  |  | 4.8
Trade secrets | 19,755 |  |  | (18,590) |  |  | 1,165 |  |  | 20,188 |  |  | (18,216) |  |  | 1,972 |  |  | 1.8
Acquired patents | 16,252 |  |  | (15,889) |  |  | 363 |  |  | 16,317 |  |  | (15,723) |  |  | 594 |  |  | 7.8
Other | 14,626 |  |  | (9,509) |  |  | 5,117 |  |  | 19,793 |  |  | (19,788) |  |  | 5 |  |  | 6.1
Total intangible assets | $ | 162,153 |  |  | $ | (131,902) |  |  | $ | 30,251 |  |  | $ | 207,198 |  |  | $ | (179,115) |  |  | $ | 28,083 |  |  | 5.1
a.Change in gross carrying amounts consists primarily of charges for license and patent costs, foreign currency translation, acquisitions and divestitures. Amortization expense related to intangible assets was $2,690 and $7,619 for the quarter and nine months ended September 30, 2021, respectively, compared to $4,260 and $12,806 for the quarter and nine months ended September 30, 2020, respectively.

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 The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration