XML 92 R26.htm IDEA: XBRL DOCUMENT
v2.4.0.8

SUMMARY OF SIGNIFICANT ACCOUNT POLICIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Accounting Policies [Abstract] |
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,
| 2013 |  | 2012
| (In thousands)
Finished goods | $ | 123,786 |  |  | $ | 102,401 |
Work in process | 47,403 |  |  | 40,067 |
Raw materials | 35,730 |  |  | 29,338 |
Total inventories, net | $ | 206,919 |  |  | $ | 171,806 |
Schedule Of Property, Plant And Equipment Balances And Corresponding Lives | Property, plant and equipment balances and corresponding lives were as follows:
| December 31, |  |
| 2013 |  | 2012 |  | Useful Lives
| (In thousands) |  |
Land | $ | 3,022 |  |  | $ | 2,768 |  |  |
Buildings and building improvements | 15,377 |  |  | 7,908 |  |  | 5-40 years
Leasehold improvements | 42,900 |  |  | 46,240 |  |  | 1-20 years
Machinery and production equipment | 86,192 |  |  | 85,721 |  |  | 3-20 years
Surgical instrument kits | 30,352 |  |  | 26,231 |  |  | 4-5 years
Information systems and hardware | 51,171 |  |  | 42,145 |  |  | 1-7 years
Furniture, fixtures, and office equipment | 16,363 |  |  | 15,692 |  |  | 1-15 years
Construction-in-progress | 112,130 |  |  | 90,243 |  |  |
Total | 357,507 |  |  | 316,948 |  |  |
Less: Accumulated depreciation | (157,197 | ) |  | (139,050 | ) |  |
Property, plant and equipment, net | $ | 200,310 |  |  | $ | 177,898 |  |  |
Schedule Of Changes In Carrying Amount Of Goodwill | Changes in the carrying amount of goodwill in 2013 and 2012 were as follows:
| U.S. Neurosurgery |  | U.S. Instruments |  | U.S. Extremities |  | U.S. Spine and Other |  | International |  | Total
| (In thousands)
Goodwill, gross | $ | 94,312 |  |  | $ | 57,514 |  |  | $ | 60,353 |  |  | $ | 56,219 |  |  | $ | 25,669 |  |  | $ | 294,067 |
Accumulated impairment losses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Goodwill at December 31, 2012 | $ | 94,312 |  |  | $ | 57,514 |  |  | $ | 60,353 |  |  | $ | 56,219 |  |  | $ | 25,669 |  |  | $ | 294,067 |
Tarsus Medical, Inc. acquisition | — |  |  | — |  |  | 180 |  |  | — |  |  | — |  |  | 180 |
Goodwill impairment charge | — |  |  | — |  |  | — |  |  | (46,738 | ) |  | — |  |  | (46,738 | )
Foreign currency translation | 853 |  |  | 519 |  |  | 546 |  |  | 106 |  |  | 231 |  |  | 2,255 |
Balance, December 31, 2013 | $ | 95,165 |  |  | $ | 58,033 |  |  | $ | 61,079 |  |  | $ | 9,587 |  |  | $ | 25,900 |  |  | $ | 249,764 |
Components Of Company's Identifiable Intangible Assets | The components of the Company's identifiable intangible assets were as follows:
| December 31, 2013 |  | December 31, 2012
| Weighted Average Life |  | Cost |  | Accumulated Amortization |  | Net |  | Weighted Average Life |  | Cost |  | Accumulated Amortization |  | Net
| (Dollars in Thousands)
Completed technology | 12 years |  | $ | 81,238 |  |  | $ | (45,343 | ) |  | $ | 35,895 |  |  | 12 years |  | $ | 75,692 |  |  | $ | (38,402 | ) |  | $ | 37,290 |
Customer relationships | 12 years |  | 146,627 |  |  | (79,624 | ) |  | 67,003 |  |  | 12 years |  | 147,690 |  |  | (70,005 | ) |  | 77,685 |
Trademarks/brand names | 31 years |  | 33,703 |  |  | (15,648 | ) |  | 18,055 |  |  | 31 years |  | 33,807 |  |  | (15,034 | ) |  | 18,773 |
Trademarks/brand names | Indefinite |  | 48,484 |  |  | — |  |  | 48,484 |  |  | Indefinite |  | 48,484 |  |  | — |  |  | 48,484 |
Supplier relationships | 27 years |  | 34,721 |  |  | (9,305 | ) |  | 25,416 |  |  | 27 years |  | 34,721 |  |  | (7,817 | ) |  | 26,904 |
All other (1) | 5 years |  | 4,251 |  |  | (1,941 | ) |  | 2,310 |  |  | 4 years |  | 4,519 |  |  | (1,388 | ) |  | 3,131 |
|  |  | $ | 349,024 |  |  | $ | (151,861 | ) |  | $ | 197,163 |  |  |  |  | $ | 344,913 |  |  | $ | (132,646 | ) |  | $ | 212,267 |
(1) | At December 31, 2013 and 2012, all other included IPR&D of $1.4 million and $1.7 million, respectively, which was indefinite-lived.
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | The medical device excise tax applies to sales beginning January 1, 2013; therefore, only 2013 financial results were affected by this change. Accordingly, the 2013 results included herein have been revised to reflect the retrospective application of the change in accounting principle had the new method been in effect that year, as follows: Consolidated Statements of Operations:
| 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 | ) |  |  |  |  | $ | (0.74 | )
Diluted net income (loss) per common share | (0.60 | ) |  |  |  |  | (0.74 | )
Consolidated Statements of Comprehensive Income:
| Year ended December 31, 2013
| Originally |  |  |  | As
| Reported |  | Adjustments |  | Adjusted
| (In thousands, except per share amounts)
Net income (loss) | $ | (16,977 | ) |  | $ | (4,090 | ) |  | $ | (21,067 | )
Comprehensive income (loss) | (11,253 | ) |  | (4,090 | ) |  | (15,343 | )
Consolidated Balance Sheets:
| 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 |
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 |

X
- Definition Schedule Of Definite And Indefinite Lived Intangible Assets [Table Text Block] + References No definition available. + Details
Name: | iart_ScheduleOfDefiniteAndIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | iart_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph b -Article 5 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 2 -Paragraph 6 -Subparagraph a,b,c -Article 5 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 01 -Paragraph b -Subparagraph 6 -Article 10 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22499-107794 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22580-107794 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Direct Effects of a Change in Accounting Principle -URI http://asc.fasb.org/extlink&oid=6510796 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Indirect Effects of a Change in Accounting Principle -URI http://asc.fasb.org/extlink&oid=6515603 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Accounting Change -URI http://asc.fasb.org/extlink&oid=6503790 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Change in Accounting Principle -URI http://asc.fasb.org/extlink&oid=6507316 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Retrospective Application -URI http://asc.fasb.org/extlink&oid=6523989 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22583-107794 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration