Goodwill And Other Intangible Assets

9 Months Ended

Oct. 01, 2011

Goodwill And Other Intangible Assets [Abstract]

Goodwill And Other Intangible Assets

NOTE 3 – GOODWILL AND OTHER INTANGIBLE ASSETS

The changes in the carrying amount of goodwill for each of the Company's reportable segments (see Note 14) for the nine months ended October 1, 2011 were as follows (in thousands):

	CRM/NMD		CV/AF		Total
Balance at January 1, 2011	$	1,231,120	$	1,724,482	$	2,955,602
Foreign currency translation and other		6,538		29		6,567
Balance at October 1, 2011	$	1,237,658	$	1,724,511	$	2,962,169

The following table provides the gross carrying amount of other intangible assets and related accumulated amortization (in thousands):

	October 1, 2011				January 1, 2011
	Gross carrying amount		Accumulated amortization		Gross carrying amount		Accumulated amortization
Definite-lived intangible assets:
Purchased technology and patents	$	923,168	$	258,058	$	910,035	$	208,362
Customer lists and relationships		184,554		114,803		184,327		100,608
Trademarks and tradenames		24,219		7,528		24,370		7,431
Licenses, distribution agreements and other		6,346		4,576		6,170		4,511
	$	1,138,287	$	384,965	$	1,124,902	$	320,912
Indefinite-lived intangible assets:
Acquired IPR&D	$	120,000			$	134,270
Trademarks and tradenames		48,800				48,800
	$	168,800			$	183,070

During the third quarter of 2011, the Company received approval in Japan for its optical coherence tomography (OCT) technology acquired in conjunction with its LightLab Imaging, Inc. acquisition in 2010. As a result of the approval, the Company reclassified $14.3 million of acquired IPR&D from an indefinite-lived intangible asset to a purchased technology definite-lived intangible asset.