BALANCE SHEET DETAILS AND OTHER FINANCIAL INFORMATION

Inventories

The following table provides details of inventories (in millions):



	September 30, 2014		December 31, 2013
Raw materials	$	57.0	$	67.2
Work-in-process	10.1		12.6
Finished goods	131.8		99.8
Total inventories	$	198.9	$	179.6

Goodwill and Intangible Assets

The increases in goodwill of $60.6 million and intangible assets of $16.2 million from December 31, 2013, to September 30, 2014, primarily relate to the acquisition of certain intellectual property, know-how, fixed assets, and employees from Luna Innovations, Inc. (“Luna”) on January 17, 2014, and the acquisition of Japan distribution rights from Adachi Co., Ltd. (“Adachi”) on June 25, 2014. The acquisition of Japan distribution rights enhances the Company's ability to directly interact with customers, surgical societies and government agencies in Japan. In both transactions, the assets acquired met the definition of a business and were accounted for using the acquisition method of accounting for financial reporting purposes.

In connection with the Luna acquisition, the Company recognized goodwill of $10.1 million and intangible assets of $9.5 million which are being amortized over nine years.

In connection with the acquisition of Japan distribution rights, the Company recognized goodwill of $50.5 million, intangible assets related to reacquired distribution rights of $5.5 million, and customer relationships of $17.2 million, which are being amortized over a weighted average period of 1.1 years and 7.0 years, respectively. The Company also assumed a total of $2.7 million of liabilities and received assets of $2.5 million in connection with the acquisition. The purchase consideration consisted of cash of $71.2 million and contingent payments of $1.8 million.

Pro forma results of operations related to the acquisitions have not been presented since the operating results of the acquired businesses are not material to the Company's consolidated financial statements.

Supplemental Cash flow Information

The following table provides supplemental cash flow information (in millions):



	Nine Months Ended September 30,
	2014		2013
Supplemental non-cash investing activities:
Equipment transfers from inventories to property, plant and equipment	$	23.8	$	9.3