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Segment Information (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The Company’s segment results were as follows:
Year Ended December 31,
202220212020
(In thousands)
Net sales(1):
     Americas$1,128,306 $1,004,208 $767,414 
EMEA & APAC1,465,174 1,423,907 1,182,655 
$2,593,480 $2,428,115 $1,950,069 
Adjusted EBITDA(2):
     Americas$188,577 $159,623 $111,588 
EMEA & APAC248,177 244,458 189,558 
$436,754 $404,081 $301,146 
Depreciation, amortization and other impairment charges:
     Americas$29,281 $33,890 $36,380 
EMEA & APAC36,697 42,009 40,264 
$65,978 $75,899 $76,644 
Capital expenditures:
     Americas$18,005 $14,095 $15,244 
EMEA & APAC22,238 21,489 24,894 
$40,243 $35,584 $40,138 
(1) For the years ended December 31, 2022, 2021 and 2020, the total Net sales originating from the United States were $583.0 million, $533.5 million and $443.7 million, respectively. The remainder of the sales were derived from foreign countries.
(2) The following is a reconciliation of Net income from continuing operations to Adjusted EBITDA:
Year Ended December 31,
202220212020
(In thousands)
Net income from continuing operations$231,081 $238,679 $159,868 
Income tax expense69,170 80,40945,971
Interest expense (income) and other, net (1)
37,950 (29)(1,023)
Pension settlement gain(9,136)(11,208)— 
Restructuring and other related charges
23,096 18,954 21,633 
Separation costs(2)
15,545 2,865 — 
Acquisition - amortization and other related charges(3)
34,196 35,949 36,331 
Depreciation and other amortization34,852 38,462 38,366 
Adjusted EBITDA$436,754 $404,081 $301,146 
(1) Relates to removal of interest expense, net included within the Interest expense (income) and other, net line within the Consolidated and Combined Statements of Operations
(2) Includes non-recurring charges and employee costs related to the planning and execution of the separation from Enovis within the Selling, general and administrative expense line within the Consolidated and Combined Statements of Operations.
(3) Includes transaction expenses, amortization of intangibles, fair value charges on acquired inventories and integration expenses.

December 31,
20222021
(In thousands)
Investments in Equity Method Investees:
     Americas$— $— 
     EMEA & APAC28,527 28,180 
$28,527 $28,180 
Total Assets:
     Americas$1,666,799 $1,304,797 
     EMEA & APAC2,087,216 2,156,465 
$3,754,015 $3,461,262 
Schedule of Long-Lived Assets, by Geographical Areas
December 31,
20222021
(In thousands)
Property, Plant and Equipment, Net(1):
United States$68,380 $64,136 
Czech Republic60,278 63,273 
India34,892 37,312 
Russia19,111 18,797 
Mexico17,666 14,720 
Other foreign countries83,899 88,040 
$284,226 $286,278 
(1) As the Company does not allocate all long-lived assets, specifically intangible assets, to each individual country, evaluation of long-lived assets in total is impracticable.