GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
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6 Months Ended |
Jun. 30, 2024 |
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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 six-month period ended June 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 | 65,579 | | | — | | | 65,579 | | | Foreign currency translation | (10,717) | | | (5,684) | | | (16,401) | | Goodwill at June 30, 2024 | $ | 721,799 | | | $ | 382,841 | | | $ | 1,104,640 | |
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| Schedule of Finite-Lived Intangible Assets |
The components of the Company’s identifiable intangible assets were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2024 | | Dollars in thousands | Weighted
Average
Life | | Cost | | Accumulated
Amortization | | Net | | Completed technology | 17 years | | $ | 1,412,670 | | | $ | (482,499) | | | $ | 930,171 | | | Customer relationships | 12 years | | 167,273 | | | (135,789) | | | 31,484 | | | Trademarks/brand names | 27 years | | 100,600 | | | (40,351) | | | 60,249 | | | Codman tradename | Indefinite | | 168,969 | | | — | | | 168,969 | | | Supplier relationships | 30 years | | 30,211 | | | (18,637) | | | 11,574 | | | All other | 6 years | | 23,015 | | | (5,520) | | | 17,495 | | | | | $ | 1,902,738 | | | $ | (682,796) | | | $ | 1,219,942 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | 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: | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2024 | | Dollars in thousands | Weighted
Average
Life | | Cost | | Accumulated
Amortization | | Net | | Completed technology | 17 years | | $ | 1,412,670 | | | $ | (482,499) | | | $ | 930,171 | | | Customer relationships | 12 years | | 167,273 | | | (135,789) | | | 31,484 | | | Trademarks/brand names | 27 years | | 100,600 | | | (40,351) | | | 60,249 | | | Codman tradename | Indefinite | | 168,969 | | | — | | | 168,969 | | | Supplier relationships | 30 years | | 30,211 | | | (18,637) | | | 11,574 | | | All other | 6 years | | 23,015 | | | (5,520) | | | 17,495 | | | | | $ | 1,902,738 | | | $ | (682,796) | | | $ | 1,219,942 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | 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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