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 | | _______________________________(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.
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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 | |
______________________________ * 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 | |
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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 | |
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