SEGMENT AND GEOGRAPHIC INFORMATION

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHIC INFORMATION

SEGMENT AND GEOGRAPHIC INFORMATION

The Company internally manages two global reportable segments and reports the results of its businesses to its chief operating decision maker. The two reportable segments and their activities are described below:

• The Specialty Surgical Solutions segment includes (i) the Neurosurgery business, which sells a full line of products for neurosurgery and neuro critical care such as tissue ablation equipment, dural repair products, cerebral spinal fluid management devices, intracranial monitoring equipment, and cranial stabilization equipment and (ii) the Instruments business, which sells more than 60,000 instrument patterns and surgical and lighting products to hospitals, surgery centers, and dental, podiatry, and veterinary offices.

• The Orthopedics and Tissue Technologies segment includes such offerings as skin and wound repair products, bone and joint fixation implants in the upper and lower extremities, bone grafts, plastic and reconstruction and nerve and tendon repair collagen implants.

The Corporate and other category includes (i) various legal, finance, information systems, executive, and human resource functions, (ii) brand management, and (iii) share-based compensation costs.

The operating results of the various reportable segments as presented are not comparable to one another because (i) certain operating segments are more dependent than others on corporate functions for unallocated general and administrative and/or operational manufacturing functions, and (ii) the Company does not allocate certain manufacturing costs and general and administrative costs to the operating segment results. Net sales and profit by reportable segment for the three and six months ended June 30, 2016 and 2015 are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016		2015
	(In thousands)
Segment Net Sales
Specialty Surgical Solutions	$	158,163		$	146,709		$	309,338	$	286,767
Orthopedics and Tissue Technologies	91,146			65,964			176,741		128,440
Total revenues	$	249,309		$	212,673		$	486,079	$	415,207
Segment Profit
Specialty Surgical Solutions	$	63,397		$	62,325		$	120,978	$	122,657
Orthopedics and Tissue Technologies	26,025			18,428			46,300		38,348
Segment profit	89,422			80,753			167,278		161,005
Amortization	(3,471		)	(1,747)			(6,943)		(3,476)
Corporate and other	(63,574		)	(54,661		)	(115,859)		(111,944		)
Operating income from continuing operations	$	22,377		$	24,345		$	44,476	$	45,585

The Company attributes revenues to geographic areas based on the location of the customer. Total revenue by major geographic area consisted of the following:

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
	(In thousands)
United States	$	191,872	$	162,511	$	373,101	$	315,270
Europe	31,663		25,564		61,098		50,700
Rest of World	25,774		24,598		51,880		49,237
Total Revenues	$	249,309	$	212,673	$	486,079	$	415,207