Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.22.2.2
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 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 September 30, 2022 and December 31, 2021 (in millions):
Successor
Medical Industrial Consolidated
Balance—December 31, 2021 $ 712.5  $ 950.1  $ 1,662.6 
CI acquisition 4.9  4.9 
Goodwill impairment —  (55.2) (55.2)
Business Combination and other acquisitions - measurement period adjustments (1.9) 4.6  2.7 
Translation adjustment —  (64.0) (64.0)
Balance—September 30, 2022 $ 710.6  $ 840.4  $ 1,551.0 
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
September 30, 2022
Original Average
 Life in Years		 Gross Carrying
 Amount		 Accumulated
 Amortization		 Net Book
 Value
Customer relationships
6 - 13
 $ 330.9  $ (65.6) $ 265.2 
Distributor relationships
7 - 13
 60.6  (6.9) 53.7 
Developed technology
 5 - 16
 240.9  (27.9) 213 
Trade names
3 - 10
 95.6  (9.2) 86.4 
Backlog and other
1 - 4
 80.6  (30.5) 50.1 
Total $ 808.6  $ (140.1) $ 668.5 
December 31, 2021
Original Average
 Life in Years		 Gross Carrying
 Amount		 Accumulated
 Amortization 		Net Book
 Value
Customer relationships
6 - 13
 $ 341.0  $ (15.3) $ 325.7 
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 Successor Predecessor
Three Months Ended September 30, Three Months Ended September 30, Nine Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Amortization expense for intangible assets in:
Cost of revenues $ 6.6  $ 5.4  $ 19.9  $ 16.7 
Operating expenses $ 28.6  $ 10.7  $ 91.6  $ 36.6