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Goodwill and Other Intangible Assets, Net
6 Months Ended
Jul. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS, NET GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Goodwill
The changes in the carrying amount of goodwill by reportable segment for the six months ended July 1, 2022 were as follows (in thousands):
MedicalNon- MedicalTotal
December 31, 2021$907,704 $17,000 $924,704 
Acquisition (Note 2)68,460 — 68,460 
Acquisition-related adjustments (Note 2)414 414 
Foreign currency translation(15,019)— (15,019)
July 1, 2022$961,559 $17,000 $978,559 
Intangible Assets
The Company reclassified purchased tradenames with a net carrying value of $16.2 million from Purchased technology and patents as of December 31, 2021 to Amortizing tradenames and other to conform to the current period presentation. The Company made this reclassification to better align with the classification of amortization expense for similar assets. See Note 2 “Business Acquisitions” for additional details regarding intangible assets acquired during 2022. Intangible assets comprise the following (in thousands):
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
July 1, 2022
Definite-lived:
Purchased technology and patents$283,022 $(170,380)$112,642 
Customer lists822,121 (200,119)622,002 
Amortizing tradenames and other21,021 (4,831)16,190 
Total amortizing intangible assets$1,126,164 $(375,330)$750,834 
Indefinite-lived:
Trademarks and tradenames$90,288 
December 31, 2021
Definite-lived:
Purchased technology and patents$269,359 $(164,298)$105,061 
Customer lists783,618 (187,412)596,206 
Amortizing tradenames and other20,462 (4,207)16,255 
Total amortizing intangible assets$1,073,439 $(355,917)$717,522 
Indefinite-lived:
Trademarks and tradenames$90,288 
Aggregate intangible asset amortization expense comprises the following (in thousands):
 Three Months EndedSix Months Ended
 July 1,
2022
July 2,
2021
July 1,
2022
July 2,
2021
Cost of sales$4,037 $3,233 $7,682 $6,501 
Selling, general and administrative expenses8,248 7,106 16,207 14,288 
Total intangible asset amortization expense$12,285 $10,339 $23,889 $20,789 
(5.)     GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Continued)
Estimated future intangible asset amortization expense based on the carrying value as of July 1, 2022 is as follows (in thousands):
Remainder of 20222023202420252026After 2026
Amortization Expense$24,618 51,982 51,352 50,542 48,709 523,631