Acquisitions Pursuit Vascular (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes the final purchase price and the final allocation of the purchase price related to the assets and liabilities purchased (in thousands):


Cash consideration for acquired assets, net	$	71,533
Fair value of contingent consideration	17,300
Total Consideration	$	88,833

Final Purchase Price Allocation:
Trade receivables	$	973
Inventories	2,464
Prepaid expenses and other current assets	74
Property, plant and equipment	609
Intangible assets(1)	82,300
Accounts payable	(215)
Accrued liabilities	(2,065)
Total identifiable net assets acquired	$	84,140
Goodwill - not tax deductible	20,462
Deferred tax liability	(15,769)
Purchase Consideration	$	88,833

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(1) Identifiable intangible assets included $69.0 million of developed technology, $10.8 million of trade name and $2.5 million of non-compete agreement. The weighted-average amortization periods for the identifiable intangible assets are as follows: approximately fifteen years for developed technology, fifteen years for trade name and three years for the non-compete agreement.