(2) Represents the estimated impact on "as reported" revenue due to changes in foreign currency exchange rates
(3) Represents the % increase or decrease in revenue excluding the estimated "FX effect"
(4)Amounts in table may not foot due to rounding
| Year Ended December 31, | Constant Currency (1) | |||||||||||||||||
| (in thousands) | 2023 | 2022 | $ Change | % Change | FX Effect (2) | % Change (3) | ||||||||||||
| Healthcare Solutions | $ | 213,216 | $ | 260,988 | $ | (47,772 | ) | (18.3 | )% | $ | 817 | (18.6 | )% | |||||
| Industrial Solutions | 274,853 | 277,043 | (2,190 | ) | (0.8 | )% | 971 | (1.1 | )% | |||||||||
| Total revenue | $ | 488,069 | $ | 538,031 | $ | (49,962 | ) | (9.3 | )% | $ | 1,788 | (9.6 | )% | |||||
(1) To assist in the analysis of the Company’s revenue trends, the Company estimated the impact of foreign exchange on year-over-year revenue growth by recasting revenue for the year ended December 31, 2023 by applying the foreign exchange rates used to translate 2022 non-US functional currency revenue to 2023 non-US functional currency revenue.
(2) Represents the estimated impact on "as reported" revenue due to changes in foreign currency exchange rates
