XML 42 R30.htm IDEA: XBRL DOCUMENT v3.20.2
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
Changes in the carrying amount of goodwill for the nine-month period ended September 30, 2020 were as follows:
 
Codman Specialty
Surgical
 
Orthopedics and
Tissue Technologies
 
Total
 
(In thousands)
Goodwill at December 31, 2019
$
653,500

 
$
300,780

 
$
954,280

Transfer to assets held for sale (See Note 2. Assets Held for Sale)

 
(47,117
)
 
(47,117
)
Foreign currency translation
8,928

 
3,465

 
12,393

Goodwill at September 30, 2020
$
662,428

 
$
257,128

 
$
919,556








Schedule of Finite-Lived Intangible Assets
The components of the Company’s identifiable intangible assets were as follows:
 
September 30, 2020
 
Weighted
Average
Life
 
Cost
 
Accumulated
Amortization
 
Net
 
(Dollars in thousands)
Completed technology
19 years
 
$
891,554

 
$
(250,609
)
 
$
640,945

Customer relationships
12 years
 
223,512

 
(138,989
)
 
84,523

Trademarks/brand names
28 years
 
104,404

 
(31,425
)
 
72,979

Codman tradename
Indefinite
 
167,013

 

 
167,013

Supplier relationships
27 years
 
34,721

 
(19,018
)
 
15,703

All other(1)
4 years
 
11,101

 
(5,247
)
 
5,854

Transfer to assets held for sale (See Note 2. Assets Held for Sale)

 
 
(39,821
)
 
26,489

 
(13,332
)
 
 
 
$
1,392,484

 
$
(418,799
)
 
$
973,685


 
December 31, 2019
 
Weighted
Average
Life
 
Cost
 
Accumulated
Amortization
 
Net
 
(Dollars in thousands)
Completed technology
19 years
 
$
880,623

 
$
(213,702
)
 
$
666,921

Customer relationships
12 years
 
222,575

 
(119,393
)
 
103,182

Trademarks/brand names
28 years
 
103,873

 
(28,514
)
 
75,359

Codman tradename
Indefinite
 
163,126

 

 
163,126

Supplier relationships
27 years
 
34,721

 
(17,947
)
 
16,774

All other (1)
4 years
 
10,869

 
(4,640
)
 
6,229

 
 
 
$
1,415,787

 
$
(384,196
)
 
$
1,031,591


(1)
At September 30, 2020 and December 31, 2019, all other included IPR&D of $1.0 million, which was indefinite-lived. At September 30, 2020, this IPR&D asset was presented separately as "assets held for sale" in conjunction with the sale of the Extremity Orthopedics business which is expected to be sold within twelve months. See Note 2, Assets and Liabilities Held for Sale, for details.
Schedule of Indefinite-Lived Intangible Assets
The components of the Company’s identifiable intangible assets were as follows:
 
September 30, 2020
 
Weighted
Average
Life
 
Cost
 
Accumulated
Amortization
 
Net
 
(Dollars in thousands)
Completed technology
19 years
 
$
891,554

 
$
(250,609
)
 
$
640,945

Customer relationships
12 years
 
223,512

 
(138,989
)
 
84,523

Trademarks/brand names
28 years
 
104,404

 
(31,425
)
 
72,979

Codman tradename
Indefinite
 
167,013

 

 
167,013

Supplier relationships
27 years
 
34,721

 
(19,018
)
 
15,703

All other(1)
4 years
 
11,101

 
(5,247
)
 
5,854

Transfer to assets held for sale (See Note 2. Assets Held for Sale)

 
 
(39,821
)
 
26,489

 
(13,332
)
 
 
 
$
1,392,484

 
$
(418,799
)
 
$
973,685


 
December 31, 2019
 
Weighted
Average
Life
 
Cost
 
Accumulated
Amortization
 
Net
 
(Dollars in thousands)
Completed technology
19 years
 
$
880,623

 
$
(213,702
)
 
$
666,921

Customer relationships
12 years
 
222,575

 
(119,393
)
 
103,182

Trademarks/brand names
28 years
 
103,873

 
(28,514
)
 
75,359

Codman tradename
Indefinite
 
163,126

 

 
163,126

Supplier relationships
27 years
 
34,721

 
(17,947
)
 
16,774

All other (1)
4 years
 
10,869

 
(4,640
)
 
6,229

 
 
 
$
1,415,787

 
$
(384,196
)
 
$
1,031,591


(1)
At September 30, 2020 and December 31, 2019, all other included IPR&D of $1.0 million, which was indefinite-lived. At September 30, 2020, this IPR&D asset was presented separately as "assets held for sale" in conjunction with the sale of the Extremity Orthopedics business which is expected to be sold within twelve months. See Note 2, Assets and Liabilities Held for Sale, for details.