Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 14,852	$ 10,051
Accounts receivable, net of allowances of $998 and $946	52,751	50,731
Prepaid expenses and other assets, net	3,575	2,436
Income taxes receivable	966	1,492
Inventories - current	71,964	72,827
Deferred tax assets - current	1,616	1,620
Total current assets	145,724	139,157
PROPERTY AND EQUIPMENT:
Land	2,687	2,742
Machinery and equipment	36,318	35,434
Surgical instruments	106,096	101,142
Furniture and fixtures	4,745	4,556
Facilities	20,087	19,981
Projects in process	862	1,166
Total property and equipment	170,795	165,021
Accumulated depreciation	(91,781)	(84,915)
Net property and equipment	79,014	80,106
OTHER ASSETS:
Deferred financing and deposits, net	610	676
Non-current inventories	16,400	17,465
Product licenses and designs, net	12,031	8,641
Patents and trademarks, net	1,561	1,701
Customer relationships, net	130	203
Goodwill	19,016	13,091
Total other assets	49,748	41,777
TOTAL ASSETS	274,486	261,040
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	13,271	13,615
Income taxes payable	4	146
Accrued expenses and other liabilities	8,661	9,194
Other current liabilities	1,747	250
Current portion of long-term debt	3,000	3,000
Total current liabilities	26,683	26,205
LONG-TERM LIABILITIES:
Deferred tax liabilities	4,026	2,794
Long-term debt, net of current portion	18,750	20,250
Other long-term liabilities	5,222	420
Total long-term liabilities	27,998	23,464
Total liabilities	54,681	49,669
SHAREHOLDERS' EQUITY:
Common stock	141	139
Additional paid-in capital	79,567	76,126
Accumulated other comprehensive loss	(11,179)	(8,397)
Retained earnings	151,276	143,503
Total shareholders' equity	219,805	211,371
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 274,486	$ 261,040