Discontinued Operations

12 Months Ended

Dec. 31, 2011

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

In 2010, in connection with the acquisition of ICx, the Company began to pursue the sale of certain business units of ICx and the results of operations were reported as discontinued operations for that year. In 2011, the Company decided to not proceed with the disposition of three of the business units and the Company has reclassified these business units as continuing operations. Accordingly, the net loss of $0.2 million of these business units have been reclassified from discontinued operations in the Consolidated Statement of Income for the year ended December 31, 2010.

In December 2011, the Company sold two of the ICx business units reported as discontinued operations. In addition, the Company has written down the net assets to estimated market value of the two remaining business units classified as discontinued operations. The net loss $0.7 million on the sale, the write down of $3.0 million and the operating losses of $1.3 million for the year have been included in the loss from discontinued operations, net of cumulative tax benefits of $3.8 million, on the Consolidated Statement of Income for the year ended December 31, 2011. The two remaining business units had assets totaling approximately $4.7 million and liabilities of approximately $0.7 million as of December 31, 2011.