GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
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9 Months Ended |
Sep. 30, 2024 |
Goodwill and Intangible Assets Disclosure [Abstract] |
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Schedule of Changes in Carrying Amount of Goodwill |
Changes in the carrying amount of goodwill for the nine-month period ended September 30, 2024 were as follows: | | | | | | | | | | | | | | | | | | Dollars in thousands | Codman Specialty Surgical | | Tissue Technologies | | Total | Goodwill at December 31, 2023 | $ | 666,937 | | | $ | 388,525 | | | $ | 1,055,462 | | Acclarent Acquisition | 61,396 | | | — | | | 61,396 | | Foreign currency translation | (210) | | | (113) | | | (323) | | Goodwill at September 30, 2024 | $ | 728,123 | | | $ | 388,412 | | | $ | 1,116,535 | |
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Schedule of Finite-Lived Intangible Assets |
The components of the Company’s identifiable intangible assets were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2024 | Dollars in thousands | Weighted Average Life | | Cost | | Accumulated Amortization | | Net | Completed technology | 17 years | | $ | 1,427,186 | | | $ | (509,825) | | | $ | 917,361 | | Customer relationships | 12 years | | 168,396 | | | (138,022) | | | 30,374 | | Trademarks/brand names | 27 years | | 101,896 | | | (41,833) | | | 60,063 | | Codman tradename | Indefinite | | 174,118 | | | — | | | 174,118 | | Supplier relationships | 30 years | | 30,211 | | | (18,882) | | | 11,329 | | All other | 6 years | | 23,154 | | | (6,851) | | | 16,303 | | | | | $ | 1,924,961 | | | $ | (715,413) | | | $ | 1,209,548 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | Dollars in thousands | Weighted Average Life | | Cost | | Accumulated Amortization | | Net | Completed technology | 18 years | | $ | 1,226,128 | | | $ | (448,519) | | | $ | 777,609 | | Customer relationships | 12 years | | 193,895 | | | (152,160) | | | 41,735 | | Trademarks/brand names | 28 years | | 98,892 | | | (38,754) | | | 60,138 | | Codman tradename | Indefinite | | 174,531 | | | — | | | 174,531 | | Supplier relationships | 30 years | | 30,211 | | | (18,148) | | | 12,063 | | All other | 11 years | | 6,180 | | | (4,423) | | | 1,757 | | | | | $ | 1,729,837 | | | $ | (662,004) | | | $ | 1,067,833 | |
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Schedule of Indefinite-Lived Intangible Assets |
The components of the Company’s identifiable intangible assets were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2024 | Dollars in thousands | Weighted Average Life | | Cost | | Accumulated Amortization | | Net | Completed technology | 17 years | | $ | 1,427,186 | | | $ | (509,825) | | | $ | 917,361 | | Customer relationships | 12 years | | 168,396 | | | (138,022) | | | 30,374 | | Trademarks/brand names | 27 years | | 101,896 | | | (41,833) | | | 60,063 | | Codman tradename | Indefinite | | 174,118 | | | — | | | 174,118 | | Supplier relationships | 30 years | | 30,211 | | | (18,882) | | | 11,329 | | All other | 6 years | | 23,154 | | | (6,851) | | | 16,303 | | | | | $ | 1,924,961 | | | $ | (715,413) | | | $ | 1,209,548 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | Dollars in thousands | Weighted Average Life | | Cost | | Accumulated Amortization | | Net | Completed technology | 18 years | | $ | 1,226,128 | | | $ | (448,519) | | | $ | 777,609 | | Customer relationships | 12 years | | 193,895 | | | (152,160) | | | 41,735 | | Trademarks/brand names | 28 years | | 98,892 | | | (38,754) | | | 60,138 | | Codman tradename | Indefinite | | 174,531 | | | — | | | 174,531 | | Supplier relationships | 30 years | | 30,211 | | | (18,148) | | | 12,063 | | All other | 11 years | | 6,180 | | | (4,423) | | | 1,757 | | | | | $ | 1,729,837 | | | $ | (662,004) | | | $ | 1,067,833 | |
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