Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

The following table presents the changes in the carrying amount of our goodwill (in thousands):

	Total
Balance as of January 1, 2022	$	43,439
Goodwill acquired (1)	1,493,115
Other (2)	(7,128)
Currency translation	(2,560)
Balance as of March 31, 2022	$	1,526,866

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(1)    Relates to Smiths Medical acquired on January 6, 2022.

(2)    Other relates to measurement period adjustments related to a 2021 acquisition of a small foreign infusion systems supplier.

Schedule of Intangible Assets and Goodwill [Table Text Block]

Intangible assets, carried at cost less accumulated amortization and amortized on a straight-lined basis, were as follows (in thousands):

	Weighted-Average Amortization Life in Years	March 31, 2022
		Cost		Accumulated Amortization		Net
Patents	10	$	28,012	$	17,213	$	10,799
Customer contracts	12	10,281		6,256		4,025
Non-contractual customer relationships	8	558,579		47,757		510,822
Trademarks	1	5,425		2,424		3,001
Trade name	15	18,265		5,045		13,220
Developed technology	10	581,915		62,220		519,695
Non-compete	3	9,100		3,114		5,986
Total amortized intangible assets		$	1,211,577	$	144,029	$	1,067,548
Internally developed software*		$	27,162			$	27,162
Total intangible assets		$	1,238,739	$	144,029	$	1,094,710

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* Internally developed software will be amortized when the projects are complete and the assets are ready for their intended use.

	Weighted-Average Amortization Life in Years	December 31, 2021
		Cost		Accumulated Amortization		Net
Patents	10	$	27,429	$	16,764	$	10,665
Customer contracts	12	10,412		6,196		4,216
Non-contractual customer relationships	9	57,316		33,004		24,312
Trademarks	4	425		425		—
Trade name	15	18,260		4,731		13,529
Developed technology	13	152,893		49,406		103,487
Non-compete	3	9,100		2,356		6,744
Total amortized intangible assets		$	275,835	$	112,882	$	162,953
Internally developed software*		$	25,358			$	25,358
Total intangible assets		$	301,193	$	112,882	$	188,311

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

As of March 31, 2022 estimated annual amortization for our intangible assets for each of the next five years is approximately (in thousands):

Remainder of 2022	$	104,564
2023	132,855
2024	132,216
2025	124,744
2026	123,989
2027	116,092
Thereafter	333,088
Total	$	1,067,548