Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 29, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Goodwill

The following table summarizes changes in goodwill during the nine months ended September 29, 2023 (in thousands):

Balance at beginning of the period	$	478,897
Effect of foreign exchange rate changes		(1,255	)
Balance at end of the period	$	477,642

Goodwill by Reportable Segment

Goodwill by reportable segment as of September 29, 2023 was as follows (in thousands):

	Reportable Segment
	Precision Medicine and Manufacturing			Medical Solutions			Robotics and Automation			Total
Goodwill	$	208,110		$	166,905		$	253,856		$	628,871
Accumulated impairment of goodwill		(102,461	)		(31,722	)		(17,046	)		(151,229	)
Total	$	105,649		$	135,183		$	236,810		$	477,642

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 September 29, 2023 and December 31, 2022, respectively, are summarized as follows (in thousands):

	September 29, 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	$	184,246	$	(141,182	)	$	43,064	$	184,589	$	(132,350	)	$	52,239
Customer relationships		221,706		(135,476	)		86,230		222,173		(121,527	)		100,646
Trademarks and trade names		23,297		(14,522	)		8,775		23,311		(13,457	)		9,854
Amortizable intangible assets		429,249		(291,180	)		138,069		430,073		(267,334	)		162,739
Non-amortizable intangible assets:
Trade names		13,027		—			13,027		13,027		—			13,027
Total intangible assets	$	442,276	$	(291,180	)	$	151,096	$	443,100	$	(267,334	)	$	175,766

Amortization Expense of Intangible Assets

Amortization expense was as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 29,		September 30,		September 29,		September 30,
	2023		2022		2023		2022
Amortization expense – cost of revenue	$	3,051	$	3,247	$	9,119	$	10,004
Amortization expense – operating expenses		5,131		6,472		15,344		20,987
Total amortization expense	$	8,182	$	9,719	$	24,463	$	30,991

Estimated Amortization Expense

As of September 29, 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)	$	3,005	$	5,065	$	8,070
2024		9,771		16,998		26,769
2025		8,289		14,378		22,667
2026		6,933		12,227		19,160
2027		4,197		9,861		14,058
Thereafter		10,869		36,476		47,345
Total	$	43,064	$	95,005	$	138,069