Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Goodwill

The following table summarizes changes in goodwill during the six months ended June 30, 2023 (in thousands):

Balance at beginning of the period	$	478,897
Effect of foreign exchange rate changes		4,512
Balance at end of the period	$	483,409

Goodwill by Reportable Segment

Goodwill by reportable segment as of June 30, 2023 was as follows (in thousands):

	Reportable Segment
	Precision Medicine and Manufacturing			Medical Solutions			Robotics and Automation			Total
Goodwill	$	210,725		$	169,428		$	254,485		$	634,638
Accumulated impairment of goodwill		(102,461	)		(31,722	)		(17,046	)		(151,229	)
Total	$	108,264		$	137,706		$	237,439		$	483,409

Goodwill by reportable segment as of December 31, 2022 was as follows (in thousands):

	Reportable Segment
	Precision Medicine and Manufacturing			Medical Solutions			Robotics and Automation			Total
Goodwill	$	208,387		$	167,891		$	253,848		$	630,126
Accumulated impairment of goodwill		(102,461	)		(31,722	)		(17,046	)		(151,229	)
Total	$	105,926		$	136,169		$	236,802		$	478,897

Intangible Assets

Intangible assets as of June 30, 2023 and December 31, 2022, respectively, are summarized as follows (in thousands):

	June 30, 2023							December 31, 2022
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Amortizable intangible assets:
Patents and developed technologies	$	186,494	$	(139,792	)	$	46,702	$	184,589	$	(132,350	)	$	52,239
Customer relationships		224,463		(132,474	)		91,989		222,173		(121,527	)		100,646
Trademarks and trade names		23,565		(14,327	)		9,238		23,311		(13,457	)		9,854
Amortizable intangible assets		434,522		(286,593	)		147,929		430,073		(267,334	)		162,739
Non-amortizable intangible assets:
Trade names		13,027		—			13,027		13,027		—			13,027
Total	$	447,549	$	(286,593	)	$	160,956	$	443,100	$	(267,334	)	$	175,766

Amortization Expense of Intangible Assets

Amortization expense was as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30,		July 1,		June 30,		July 1,
	2023		2022		2023		2022
Amortization expense – cost of revenue	$	3,046	$	3,336	$	6,068	$	6,757
Amortization expense – operating expenses		5,124		7,173		10,213		14,515
Total amortization expense	$	8,170	$	10,509	$	16,281	$	21,272

Estimated Amortization Expense

As of June 30, 2023, estimated amortization expense for each of the five succeeding years and thereafter was as follows (in thousands):

Year Ending December 31,	Cost of Revenue		Operating Expenses		Total
2023 (remainder of year)	$	6,106	$	10,267	$	16,373
2024		9,918		17,231		27,149
2025		8,397		14,575		22,972
2026		7,013		12,402		19,415
2027		4,251		10,001		14,252
Thereafter		11,017		36,751		47,768
Total	$	46,702	$	101,227	$	147,929