Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Carrying Values of Indefinite Lived Intangible Assets

As of June 30, 2024 and December 31, 2023 the carrying values of our indefinite lived intangible assets were as follows (in thousands):

	June 30, 2024		December 31, 2023
Goodwill	$	244,008	$	247,337
In-process R&D	2,087		2,154
Procurement contracts and agreements	2,013		2,013

Schedule of Goodwill by Reportable Segment

As of June 30, 2024 and December 31, 2023 the carrying value of goodwill, all of which is related to our Medical Devices segment, was as follows (in thousands):

	Medical Devices Segment
Balance as of December 31, 2023	$	247,337
Foreign currency translation	(3,329)
Balance as of June 30, 2024	$	244,008

Schedule of Gross Carrying Values, Accumulated Amortization, and Approximate Amortization Period of Definite Lived Intangible Assets

As of June 30, 2024 and December 31, 2023 the gross carrying values, accumulated amortization, and approximate amortization period of our definite lived intangible assets were as follows (in thousands, except weighted average useful life):

June 30, 2024	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted Average Useful Life (Years)
Acquired technology	$	198,773	$	63,622	$	135,151	18.2
Other intangibles:
Customer lists and relationships	28,668		10,976		17,692		21.6
Distribution and manufacturing rights and know-how	9,308		8,435		873		5.0
Patents	4,361		3,246		1,115		17.0
Other	10,117		4,636		5,481		5.0
Total other intangibles	$	52,454	$	27,293	$	25,161	9.6

December 31, 2023	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted Average Useful Life (Years)
Acquired technology	$	201,897	$	59,304	$	142,593	18.2
Other intangibles:
Customer lists and relationships	28,729		10,334		18,395		21.6
Distribution and manufacturing rights and know-how	9,608		7,807		1,801		5.0
Patents	4,365		3,225		1,140		17.0
Other	7,815		3,680		4,135		5.0
Total other intangibles	$	50,517	$	25,046	$	25,471	10.0

Summary of Amortization Expense

The following is a summary of amortization expense as recorded in General, administrative, and marketing expenses on our Condensed Consolidated Statement of Operations and Comprehensive (Loss) Income (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Amortization expense	$	3,793	$	3,805	$	7,660	$	7,687

Scheduled Amortization of Intangible Assets for Next Five Years

As of June 30, 2024 scheduled amortization of intangible assets for the next five years is as follows (in thousands):

	Remainder of 2024		2025		2026		2027		2028		2029		Total
Amortization expense	$	7,565	$	13,208	$	12,909	$	12,804	$	12,584	$	12,323	$	71,393