Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Business Acquisition, Pro Forma Information

Pro forma combined financial information

The following unaudited pro forma combined financial information for the years ended December 31, 2017 and 2016, respectively, gives effect to the Vascular Solutions and NeoTract acquisitions as if they were completed at the beginning of the earliest period presented. The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have occurred under the ownership and management of the Company.



	2017		2016
	(unaudited)
Net revenue	$	2,255,696	$	2,084,439
Net income	$	119,934	$	106,512
Basic earnings per common share:
Net income	$	2.66	$	2.46
Diluted earnings per common share:
Net income	$	2.57	$	2.24
Weighted average common shares outstanding:
Basic	45,004		43,325
Diluted	46,664		47,646

Vascular Solutions, Inc.

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table presents the purchase price allocation among the assets acquired and liabilities assumed with respect to the Vascular Solutions acquisition:



	(Dollars in thousands)
Assets
Current assets	$	61,592
Property, plant and equipment	45,533
Intangible assets	539,250
Goodwill	524,872
Other assets	728
Total assets acquired	1,171,975
Less:
Current liabilities	15,079
Deferred tax liabilities	181,372
Liabilities assumed	196,451
Net assets acquired	$	975,524

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table sets forth the components of identifiable intangible assets acquired and the ranges of the useful lives as of the date of the Vascular Solutions acquisition:



	Fair value		Useful life range
	(Dollars in thousands)		(Years)
Intellectual property	$	248,200	10- 20
In-process research and development ("IPR&D")	15,600		Indefinite
Trade names	16,650		20
Customer relationships	258,800		25

NeoTract, Inc

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table presents the purchase price allocation among the assets acquired and liabilities assumed with respect to the NeoTract acquisition:



	(Dollars in thousands)
Assets
Current assets	$	32,887
Property, plant and equipment	6,980
Intangible assets	763,314
Goodwill	341,171
Other assets	184
Total assets acquired	1,144,536
Less:
Current liabilities	13,580
Deferred tax liabilities	155,806
Liabilities assumed	169,386
Net assets acquired	$	975,150

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table sets forth the components of identifiable intangible assets acquired and the ranges of the useful lives as of the date of the NeoTract acquisition:



	Fair value		Useful life
	(Dollars in thousands)		(Years)
Intellectual property	$	492,118	15
Trade names	161,637		25
Customer relationships	109,559		15