SEGMENT AND GEOGRAPHIC INFORMATION

9 Months Ended

Sep. 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 nine months ended September 30, 2016 and 2015 are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016		2015
	(In thousands)
Segment Net Sales
Specialty Surgical Solutions	$	159,409		$	147,085		$	468,767	$	433,834
Orthopedics and Tissue Technologies	90,923			79,282			267,644		207,740
Total revenues	$	250,332		$	226,367		$	736,411	$	641,574
Segment Profit
Specialty Surgical Solutions	$	67,148		$	61,017		$	188,126	$	183,674
Orthopedics and Tissue Technologies	27,727			20,072			74,027		59,095
Segment profit	94,875			81,089			262,153		242,769
Amortization	(3,467		)	(2,942)			(10,410)		(6,418)
Corporate and other	(61,313		)	(68,153		)	(177,173)		(180,772		)
Operating income from continuing operations	$	30,095		$	9,994		$	74,570	$	55,579

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 September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
	(In thousands)
United States	$	194,346	$	178,290	$	567,103	$	493,559
Europe	28,553		24,275		89,623		75,046
Rest of World	27,433		23,802		79,685		72,969
Total Revenues	$	250,332	$	226,367	$	736,411	$	641,574