GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
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9 Months Ended |
Sep. 30, 2022 |
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| 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, 2022 were as follows: | | | | | | | | | | | | | | | | | | | Dollars in thousands | Codman Specialty
Surgical | | Tissue Technologies | | Total | | Goodwill at December 31, 2021 | $ | 663,428 | | | $ | 350,030 | | | $ | 1,013,458 | | Divestitures(1) | — | | | (5,019) | | | (5,019) | | | Foreign currency translation | (20,117) | | | (10,462) | | | (30,579) | | Goodwill at September 30, 2022 | $ | 643,311 | | | $ | 334,549 | | | $ | 977,860 | |
(1) On August 31, 2022, the Company completed the sale of the TWC business. See Note 2, Acquisitions and Divestitures.
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| Schedule of Finite-Lived Intangible Assets |
The components of the Company’s identifiable intangible assets were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2022 | | Dollars in thousands | Weighted
Average
Life | | Cost | | Accumulated
Amortization | | Net | | Completed technology | 18 years | | $ | 1,114,779 | | | $ | (350,055) | | | $ | 764,724 | | | Customer relationships | 12 years | | $ | 190,848 | | | $ | (140,433) | | | $ | 50,415 | | | Trademarks/brand names | 28 years | | $ | 95,406 | | | $ | (33,261) | | | $ | 62,145 | | | Codman tradename | Indefinite | | $ | 161,663 | | | $ | — | | | $ | 161,663 | | | Supplier relationships | 30 years | | $ | 30,211 | | | $ | (16,926) | | | $ | 13,285 | | | All other | 11 years | | $ | 5,547 | | | $ | (3,744) | | | $ | 1,803 | | | | | $ | 1,598,454 | | | $ | (544,419) | | | $ | 1,054,035 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | Dollars in thousands | Weighted
Average
Life | | Cost | | Accumulated
Amortization | | Net | | Completed technology | 18 years | | $ | 1,132,954 | | | $ | (307,013) | | | $ | 825,941 | | | Customer relationships | 12 years | | 211,344 | | | (142,755) | | | 68,589 | | | Trademarks/brand names | 28 years | | 98,367 | | | (31,468) | | | 66,899 | | | Codman tradename | Indefinite | | 167,758 | | | — | | | 167,758 | | | Supplier relationships | 30 years | | 30,211 | | | (16,192) | | | 14,019 | | | All other | 11 years | | 6,258 | | | (3,891) | | | 2,367 | | | | | $ | 1,646,892 | | | $ | (501,319) | | | $ | 1,145,573 | |
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| Schedule of Indefinite-Lived Intangible Assets |
The components of the Company’s identifiable intangible assets were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2022 | | Dollars in thousands | Weighted
Average
Life | | Cost | | Accumulated
Amortization | | Net | | Completed technology | 18 years | | $ | 1,114,779 | | | $ | (350,055) | | | $ | 764,724 | | | Customer relationships | 12 years | | $ | 190,848 | | | $ | (140,433) | | | $ | 50,415 | | | Trademarks/brand names | 28 years | | $ | 95,406 | | | $ | (33,261) | | | $ | 62,145 | | | Codman tradename | Indefinite | | $ | 161,663 | | | $ | — | | | $ | 161,663 | | | Supplier relationships | 30 years | | $ | 30,211 | | | $ | (16,926) | | | $ | 13,285 | | | All other | 11 years | | $ | 5,547 | | | $ | (3,744) | | | $ | 1,803 | | | | | $ | 1,598,454 | | | $ | (544,419) | | | $ | 1,054,035 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | Dollars in thousands | Weighted
Average
Life | | Cost | | Accumulated
Amortization | | Net | | Completed technology | 18 years | | $ | 1,132,954 | | | $ | (307,013) | | | $ | 825,941 | | | Customer relationships | 12 years | | 211,344 | | | (142,755) | | | 68,589 | | | Trademarks/brand names | 28 years | | 98,367 | | | (31,468) | | | 66,899 | | | Codman tradename | Indefinite | | 167,758 | | | — | | | 167,758 | | | Supplier relationships | 30 years | | 30,211 | | | (16,192) | | | 14,019 | | | All other | 11 years | | 6,258 | | | (3,891) | | | 2,367 | | | | | $ | 1,646,892 | | | $ | (501,319) | | | $ | 1,145,573 | |
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