XML 32 R25.htm IDEA: XBRL DOCUMENT
v2.4.1.9

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.

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 the change in an accounting estimate, including a change that occurs in an interim period. If a change in accounting estimate affects several future periods (for example, a change in the service life of a depreciable asset) disclose the effect on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), and any related per-share amounts of the current period. Disclosure of the effects of a change in an accounting estimate that occurs in the ordinary course of business (such as uncollectible accounts or inventory obsolescence) is not required, unless the effect is material. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22595-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e777-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 45 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=6368906&loc=d3e21843-107793 Reference 4: 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.(a)(5)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 01 -Paragraph a -Subparagraph 5 -Article 10 + Details
Name: | us-gaap_ScheduleOfChangeInAccountingEstimateTextBlock
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=35741047&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=35741047&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 FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 Reference 2: 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