SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2016

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,
	2016		2015
	(In thousands)
Finished goods	$	127,973	$	125,869
Work in process	39,247		47,962
Raw materials	50,043		37,598
Total inventories, net	$	217,263	$	211,429

Schedule Of Property, Plant And Equipment Balances And Corresponding Lives

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



	December 31,
	2016			2015			Useful Lives
	(In thousands)
Land	$	2,147		$	2,189
Buildings and building improvements	17,677			17,611			5-40 years
Leasehold improvements	82,432			75,575			1-20 years
Machinery and production equipment	103,818			103,083			3-20 years
Surgical instrument kits	19,871			15,916			4-5 years
Information systems and hardware	111,145			93,742			1-7 years
Furniture, fixtures, and office equipment	16,896			15,010			1-15 years
Construction-in-progress	59,222			50,571
Total	413,208			373,697
Less: Accumulated depreciation	(190,839		)	(168,516		)
Property, plant and equipment, net	$	222,369		$	205,181

Schedule Of Changes In Carrying Amount Of Goodwill

Changes in the carrying amount of goodwill in 2016 and 2015 were as follows:



	Specialty Surgical Solutions			Orthopedics and Tissue Technologies			Total
	(In thousands)
Goodwill at December 31, 2015	$	284,976		$	227,413		$	512,389
TEI acquisition working capital adjustment	—			(174		)	(174		)
Foreign currency translation and other	(618		)	(1,026		)	(1,644		)
Balance, December 31, 2016	$	284,358		$	226,213		$	510,571

Schedule of Finite-Lived Intangible Assets

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



	Weighted Average Life	December 31, 2016
	Weighted Average Life	Cost		Accumulated Amortization			Net
	(Dollars in Thousands)
Completed technology	17 years	$	479,964	$	(94,991	)	$	384,973
Customer relationships	12 years	152,335		(77,005		)	75,330
Trademarks/brand names ⁽²⁾	30 years	90,507		(19,158		)	71,349
Supplier relationships	27 years	34,721		(13,664		)	21,057
All other⁽¹⁾	5 years	10,806		(2,340		)	8,466
		$	768,333	$	(207,158	)	$	561,175



	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


(1)	At December 31, 2016 and 2015, all other included IPR&D of $1.0 million, 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, 2016
	Weighted Average Life	Cost		Accumulated Amortization			Net
	(Dollars in Thousands)
Completed technology	17 years	$	479,964	$	(94,991	)	$	384,973
Customer relationships	12 years	152,335		(77,005		)	75,330
Trademarks/brand names ⁽²⁾	30 years	90,507		(19,158		)	71,349
Supplier relationships	27 years	34,721		(13,664		)	21,057
All other⁽¹⁾	5 years	10,806		(2,340		)	8,466
		$	768,333	$	(207,158	)	$	561,175



	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


(1)	At December 31, 2016 and 2015, all other included IPR&D of $1.0 million, 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.