GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

Changes in the carrying amount of goodwill for the three-month period ended March 31, 2023 were as follows:

Dollars in thousands	Codman Specialty Surgical		Tissue Technologies		Total
Goodwill at December 31, 2022	$	656,219	$	382,662	$	1,038,881
SIA Acquisition Working Capital Adjustment	—		129		129
Foreign currency translation	1,639		957		2,596
Goodwill at March 31, 2023	$	657,858	$	383,748	$	1,041,606

Other Intangible Assets

The components of the Company’s identifiable intangible assets were as follows:

	March 31, 2023
Dollars in thousands	Weighted Average Life	Cost		Accumulated Amortization		Net
Completed technology	18 years	$	1,206,748	$	(389,297)	$	817,451
Customer relationships	12 years	$	193,297	$	(146,098)	$	47,199
Trademarks/brand names	28 years	$	97,554	$	(35,665)	$	61,889
Codman tradename	Indefinite	$	167,529	$	—	$	167,529
Supplier relationships	30 years	$	30,211	$	(17,415)	$	12,796
All other	11 years	$	6,024	$	(4,129)	$	1,895
		$	1,701,363	$	(592,604)	$	1,108,759

	December 31, 2022
Dollars in thousands	Weighted Average Life	Cost		Accumulated Amortization		Net
Completed technology	18 years	$	1,204,325	$	(370,968)	$	833,357
Customer relationships	12 years	193,081		(144,040)		49,041
Trademarks/brand names	28 years	97,265		(34,674)		62,591
Codman tradename	Indefinite	166,693		—		166,693
Supplier relationships	30 years	30,211		(17,170)		13,041
All other	11 years	5,957		(4,071)		1,886
		$	1,697,532	$	(570,923)	$	1,126,609

Based on quarter-end exchange rates, amortization expense (including amounts reported in cost of goods sold) is expected to be approximately $61.8 million for the remainder of 2023, $81.8 million in 2024, $81.8 million in 2025, $81.6 million in 2026, $79.7 million in 2027, $78.1 million in 2028 and $474.4 million thereafter.