Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.22.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The following table shows changes in the carrying amount of goodwill by reportable segment as of March 31, 2022 and December 31, 2021 (in millions):
Successor
Medical Industrial Consolidated
Balance—December 31, 2021 $ 712.5  $ 950.1  $ 1,662.6 
Translation adjustment —  (10.1) (10.1)
Balance—March 31, 2022 $ 712.5  $ 940.0  $ 1,652.5 
Schedule of Finite-Lived Intangible Assets A summary of intangible assets useful lives, gross carrying value and related accumulated amortization is below (in millions):
Successor
March 31, 2022
Original Average
 Life in Years		 Gross Carrying
 Amount		 Accumulated
 Amortization		 Net Book
 Value
Customer relationships
6 - 13
 $ 339.5  $ (33.2) $ 306.3 
Distributor relationships
7 - 13
 61.0  (3.4) 57.6 
Developed technology
 5 - 16
 249.2  (13.5) 235.7 
Trade names
3 - 10
 99.4  (4.6) 94.8 
Backlog and other
1 - 4
 84.9  (15.8) 69.1 
Total $ 834.0  $ (70.5) $ 763.5 
December 31, 2021
Original Average
 Life in Years		 Gross Carrying
 Amount		 Accumulated
 Amortization 		Net Book
 Value
Customer relationships
6 - 13
 $ 341.0  $ (15.3) $ 325.8 
Distributor relationships
7 - 13
 61.0  (1.5) 59.5
Developed technology
5 - 16
 251.2  (5.9) 245.3
Trade names
3 - 10
 100.0  (2.1) 97.9
Backlog and other
1 - 4
 85.7  (7.2) 78.4
Total $ 838.9  $ (32.0) $ 806.9 
Schedule of Finite-lived Intangible Assets Amortization Expense
Aggregate amortization expense for intangible assets included in cost of revenues and operating expenses was as follows (in millions):
Successor Predecessor
Three Months Ended March 31, 2022 Three Months Ended March 31, 2021
Amortization expense for intangible assets in:
Cost of revenues $ 6.7  $ 6.9 
Operating expenses $ 32.1  $ 11.7