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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of product concentration risk
The following table sets forth revenues for each of the Company’s products representing 10% or more of revenues:
Year Ended
December 31,
202020192018
DEFINITY62.8%62.6%53.3%
TechneLite25.4%24.9%28.8%
Schedule of estimated useful lives of major classes of depreciable assets The estimated useful lives of the major classes of depreciable assets are as follows:
ClassRange of Estimated Useful Lives
Buildings
10 - 50 years
Land improvements
15 - 40 years
Machinery and equipment
3 - 15 years
Furniture and fixtures
15 years
Leasehold improvements
Lesser of lease term or 15 years
Computer software
3 - 5 years
Property, plant and equipment, net, consisted of the following:
 December 31,
(in thousands)20202019
Land$13,450 $13,450 
Buildings70,381 75,654 
Machinery, equipment and fixtures77,854 87,763 
Computer software23,644 20,739 
Construction in progress11,254 10,546 
196,583 208,152 
Less: accumulated depreciation and amortization(76,412)(91,655)
Total property, plant and equipment, net$120,171 $116,497 
Schedule of other expense (income)
Other (income) loss consisted of the following:
 Year Ended
December 31,
(in thousands)202020192018
Foreign currency losses (gains)$260 $(33)$557 
Tax indemnification (income) expense, net(2,218)10,635 (2,855)
Interest income(238)(686)(167)
Arbitration award— (3,453)— 
Other(2)(242)— 
Total other (income) loss$(2,198)$6,221 $(2,465)
Schedule of recent account pronouncements
StandardDescriptionEffective Date
for Company
Effect on the
Consolidated Financial
Statements
Accounting Standards Adopted During the Year Ended December 31, 2020
ASU 2020-04 and 2021-01, “Reference Rate Reform (Topic 848)”
ASU 2020-04 provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. ASU 2021-01 amends the previous standard to clarify certain expedient options are applicable to derivative instruments that use an interest rate for margining, discounting, or contract price alignment.
January 1, 2020The adoption of this standard did not have a material impact on the Company’s consolidated financial statements.
ASU 2016-13, “Financial Instruments-Credit Losses (Topic 326)”This ASU requires financial instruments measured at amortized cost and accounts receivable to be presented at the net amount expected to be collected. The new model requires an entity to estimate credit losses based on historical information, current information and reasonable and supportable forecasts that affect the collectability of the reported amount.January 1, 2020The adoption of this standard did not have a material impact on the Company’s consolidated financial statements.