SUMMARY OF SIGNIFICANT ACCOUNT POLICIES (Tables)

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Schedule Of Change in Accounting Estimate

Company has revised the comparative results for the twelve months ended December 31, 2013 to reflect the retrospective application of the change in accounting principle had the new method been in effect for all periods, as follows:

Condensed Consolidating Statements of Operations and Comprehensive Income:

	Year Ended December 31, 2013
	Originally						As
	Reported			Adjustments			Adjusted
	(In thousands, except per share amounts)
Cost of goods sold	$	334,085		$	(7,040	)	$	327,045
Selling, general, and administrative	394,250			13,552			407,802
Income tax expense (benefit)	(7,813		)	(2,422		)	(10,235		)
Net income (loss)	(16,977		)	(4,090		)	(21,067		)
Basic net income (loss) per common share	$	(0.60	)	$	(0.14	)	$	(0.74	)
Diluted net income (loss) per common share	(0.60		)	(0.14		)	(0.74		)
Comprehensive income (loss)	$	(11,253	)	$	(4,090	)	$	(15,343	)

Condensed Consolidated Balance Sheet:

	December 31, 2013
	Originally					As
	Reported		Adjustments			Adjusted
	(In thousands)
Inventories	$	213,431	$	(6,512	)	$	206,919
Deferred tax assets - current	46,300		2,316			48,616
Prepaid expenses and other current assets	26,752		106			26,858
Retained earnings	285,046		(4,090		)	280,956

Condensed Consolidated Statements of Cash Flows:

	Year Ended December 31, 2013
	Originally						As
	Reported			Adjustments			Adjusted
	(In thousands)
Net income (loss)	$	(16,977	)	$	(4,090	)	$	(21,067	)
Deferred income tax provision (benefit)	(10,829		)	(2,316		)	(13,145		)
Inventories	(42,017		)	6,512			(35,505		)
Prepaid and other current assets	4,929			(106		)	4,823

Schedule Of Inventories, Net

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,
	2014		2013
			(As adjusted)*
	(In thousands)
Finished goods	$	150,483	$	123,786
Work in process	50,166		47,403
Raw materials	36,465		35,730
Total inventories, net	$	237,114	$	206,919

*See Note 2 of these consolidated financial statements for discussion of the impact of the change in accounting for the medical device excise tax. Impact of adjustment was recorded to finished goods.

Schedule Of Property, Plant And Equipment Balances And Corresponding Lives

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

	December 31,
	2014			2013			Useful Lives
	(In thousands)
Land	$	3,308		$	3,022
Buildings and building improvements	16,272			15,377			5-40 years
Leasehold improvements	45,416			42,900			1-20 years
Machinery and production equipment	92,149			86,192			3-20 years
Surgical instrument kits	32,551			30,352			4-5 years
Information systems and hardware	92,392			51,171			1-7 years
Furniture, fixtures, and office equipment	15,517			16,363			1-15 years
Construction-in-progress	86,844			112,130
Total	384,449			357,507
Less: Accumulated depreciation	(174,463		)	(157,197		)
Property, plant and equipment, net	$	209,986		$	200,310

Schedule Of Changes In Carrying Amount Of Goodwill

Changes in the carrying amount of goodwill in 2014 and 2013 were as follows:

	U.S. Neurosurgery			U.S. Instruments			U.S. Extremities			U.S. Spine and Other			International			Total
	(In thousands)
Goodwill, gross	$	95,165		$	58,033		$	61,079		$	56,325		$	25,900		$	296,502
Accumulated impairment losses	—			—			—			(46,738		)	—			(46,738		)
Goodwill at December 31, 2013	$	95,165		$	58,033		$	61,079		$	9,587		$	25,900		$	249,764
Confluent Surgical, Inc. acquisition	95,373			—			—			—			9,958			105,331
MicroFrance acquisition	—			—			—			—			16,614			16,614
Metasurg acquisition	—			—			469			—			—			469
Foreign currency translation	(4,248		)	(1,290		)	(1,369		)	(213		)	(1,170		)	(8,290		)
Balance, December 31, 2014	$	186,290		$	56,743		$	60,179		$	9,374		$	51,302		$	363,888

Components Of Company's Identifiable Intangible Assets

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

	Weighted Average Life	December 31, 2014							Weighted Average Life	December 31, 2013
		Cost		Accumulated Amortization			Net			Cost		Accumulated Amortization			Net
	(Dollars in Thousands)
Completed technology	18 years	$	345,082	$	(62,920	)	$	282,162	12 years	$	81,238	$	(45,343	)	$	35,895
Customer relationships	12 years	162,031		(87,653		)	74,378		12 years	146,627		(79,624		)	67,003
Trademarks/brand names	34 years	44,520		(15,755		)	28,765		31 years	33,703		(15,648		)	18,055
Trademarks/brand names	Indefinite	48,484		—			48,484		Indefinite	48,484		—			48,484
Supplier relationships	27 years	34,721		(10,809		)	23,912		27 years	34,721		(9,305		)	25,416
All other (1)	4 years	4,810		(3,052		)	1,758		4 years	4,251		(1,941		)	2,310
		$	639,648	$	(180,189	)	$	459,459		$	349,024	$	(151,861	)	$	197,163

(1) At December 31, 2014 and 2013, all other included IPR&D of $1.4 million which was indefinite-lived.