SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2015

Inventories, consisting of purchased materials, direct labor and manufacturing overhead, are stated at the lower of cost, the value determined by the first-in, first-out method, or market. Inventories consisted of the following:



	December 31,
	2015		2014
	(In thousands)
Finished goods	$	125,869	$	120,477
Work in process	47,962		38,938
Raw materials	37,598		29,718
Total inventories, net	$	211,429	$	189,133

Schedule Of Property, Plant And Equipment Balances And Corresponding Lives

Property, plant and equipment balances and corresponding lives were as follows:



	December 31,
	2015			2014			Useful Lives
	(In thousands)
Land	$	2,189		$	3,308
Buildings and building improvements	17,611			16,271			5-40 years
Leasehold improvements	75,575			41,154			1-20 years
Machinery and production equipment	103,083			86,010			3-20 years
Surgical instrument kits	15,916			10,758			4-5 years
Information systems and hardware	93,742			90,672			1-7 years
Furniture, fixtures, and office equipment	15,010			14,861			1-15 years
Construction-in-progress	50,571			78,055
Total	373,697			341,089
Less: Accumulated depreciation	(168,516		)	(147,463		)
Property, plant and equipment, net	$	205,181		$	193,626

Schedule Of Changes In Carrying Amount Of Goodwill

Changes in the carrying amount of goodwill in 2015 and 2014 were as follows:



	Specialty Surgical Solutions			Orthopedics and Tissue Technologies			Total
	(In thousands)
Goodwill at December 31, 2014	$	281,829		$	81,650		$	363,479
MicroFrance working capital and purchase price adjustments	(1,069		)	—			(1,069		)
Metasurg working capital and purchase price adjustment	—			263			263
TEI acquisition	—			147,878			147,878
Tekmed acquisition	9,665			—			9,665
Foreign currency translation	(5,449		)	(2,378		)	(7,827		)
Balance, December 31, 2015	$	284,976		$	227,413		$	512,389

Schedule of Finite-Lived Intangible Assets

The components of the Company's identifiable intangible assets were as follows:



	Weighted Average Life	December 31, 2015
	Weighted Average Life	Cost		Accumulated Amortization			Net
	(Dollars in Thousands)
Completed technology	17 years	$	480,684	$	(67,978	)	$	412,706
Customer relationships	12 years	153,246		(68,811		)	84,435
Trademarks/brand names ⁽²⁾	30 years	90,837		(16,374		)	74,463
Supplier relationships	27 years	34,721		(12,236		)	22,485
All other⁽¹⁾	5 years	10,958		(1,307		)	9,651
		$	770,446	$	(166,706	)	$	603,740



	Weighted Average Life	December 31, 2014
	Weighted Average Life	Cost		Accumulated Amortization			Net
	(Dollars in Thousands)
Completed technology	18 years	$	314,664	$	(46,339	)	$	268,325
Customer relationships	13 years	105,201		(63,689		)	41,512
Trademarks/brand names ⁽²⁾	34 years	44,220		(15,455		)	28,765
Trademarks/brand names ⁽²⁾	Indefinite	48,484		—			48,484
Supplier relationships	27 years	34,721		(10,809		)	23,912
All other⁽¹⁾	4 years	2,910		(1,340		)	1,570
		$	550,200	$	(137,632	)	$	412,568


(1)	At December 31, 2015 and 2014, all other included IPR&D of $1.0 million and $1.4 million, respectively, which was indefinite-lived.


(2)	In August 2015, the Company reevaluated the Miltex, CUSA, Luxtec, and Omni-Tract trade names and determined that they are no longer indefinite-lived intangible assets. The Company assigned remaining useful lives ranging from 20 to 30 years, consistent with other trademarks/brand names, and began amortization.

Schedule of Indefinite-Lived Intangible Assets

The components of the Company's identifiable intangible assets were as follows:



	Weighted Average Life	December 31, 2015
	Weighted Average Life	Cost		Accumulated Amortization			Net
	(Dollars in Thousands)
Completed technology	17 years	$	480,684	$	(67,978	)	$	412,706
Customer relationships	12 years	153,246		(68,811		)	84,435
Trademarks/brand names ⁽²⁾	30 years	90,837		(16,374		)	74,463
Supplier relationships	27 years	34,721		(12,236		)	22,485
All other⁽¹⁾	5 years	10,958		(1,307		)	9,651
		$	770,446	$	(166,706	)	$	603,740



	Weighted Average Life	December 31, 2014
	Weighted Average Life	Cost		Accumulated Amortization			Net
	(Dollars in Thousands)
Completed technology	18 years	$	314,664	$	(46,339	)	$	268,325
Customer relationships	13 years	105,201		(63,689		)	41,512
Trademarks/brand names ⁽²⁾	34 years	44,220		(15,455		)	28,765
Trademarks/brand names ⁽²⁾	Indefinite	48,484		—			48,484
Supplier relationships	27 years	34,721		(10,809		)	23,912
All other⁽¹⁾	4 years	2,910		(1,340		)	1,570
		$	550,200	$	(137,632	)	$	412,568


(1)	At December 31, 2015 and 2014, all other included IPR&D of $1.0 million and $1.4 million, respectively, which was indefinite-lived.


(2)	In August 2015, the Company reevaluated the Miltex, CUSA, Luxtec, and Omni-Tract trade names and determined that they are no longer indefinite-lived intangible assets. The Company assigned remaining useful lives ranging from 20 to 30 years, consistent with other trademarks/brand names, and began amortization.