Operating Segments and Related Information

6 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Operating Segments and Related Information

Operating Segments and Related Information

Operating Segments

The Company has two business divisions: Commercial Systems and Government Systems.

Commercial Systems Division

The Commercial Systems division is focused on the design, manufacture, and marketing of instrument, sensor, and electronics solutions that facilitate improved situational awareness and environmental analytics for commercial customers. The division is comprised of two operating segments: Thermal Vision and Measurement and Raymarine. The Thermal Vision and Measurement segment provides advanced thermal imaging solutions for emerging commercial and industrial markets that enable people to see at night or through adverse weather conditions and to capture, measure, and analyze temperature data. The Raymarine segment provides electronics for the maritime market and is a leading global provider of fully integrated “stem to stern” networked electronic systems for boats of all sizes.

Government Systems Division

The Government Systems division designs, manufactures, and markets advanced imaging and detection systems for government markets where high performance is required. The division is comprised of three operating segments: Surveillance, Detection, and Integrated Systems. The Surveillance segment provides enhanced imaging and recognition solutions to a wide variety of military, law enforcement, public safety, and other government customers around the world for the protection of borders, troops, and public welfare. The Detection segment produces sensor instruments that detect and identify chemical, biological, radiological, nuclear, and explosives (“CBRNE”) threats for military force protection, homeland security, and commercial applications. The Integrated Systems segment develops platform solutions for combating sophisticated security threats and incorporates multiple sensor systems in order to deliver actionable intelligence for wide area surveillance, intrusion detection, and facility security.

Note 17.    Operating Segments and Related Information - (Continued)

Operating Segments - (Continued)

Operating segment information is as follows (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011(1)			2012			2011(1)
Revenue – External Customers:
Thermal Vision and Measurement	$	142,641		$	164,838		$	298,381		$	309,803
Raymarine	47,181			50,190			93,785			100,726
Surveillance	119,493			141,479			234,090			291,336
Detection	15,713			17,221			35,066			35,092
Integrated Systems	13,263			17,827			25,421			30,567
	$	338,291		$	391,555		$	686,743		$	767,524
Revenue – Intersegments:
Thermal Vision and Measurement	$	4,403		$	5,705		$	9,451		$	10,398
Raymarine	—			4			4			7
Surveillance	7,083			6,764			11,986			17,021
Detection	326			1,478			776			1,478
Integrated Systems	473			1,221			1,047			1,902
Eliminations	(12,285		)	(15,172		)	(23,264		)	(30,806		)
	$	—		$	—		$	—		$	—
Earnings (loss) from operations:
Thermal Vision and Measurement	$	27,394		$	47,109		$	66,736		$	84,285
Raymarine	5,728			7,243			9,569			14,653
Surveillance	40,821			46,475			75,722			97,799
Detection	(1,767		)	(3,014		)	(330		)	(6,875		)
Integrated Systems	331			161			(66		)	(172		)
Other	(11,786		)	(56,171		)	(22,614		)	(71,572		)
	$	60,721		$	41,803		$	129,017		$	118,118

_______________

(1)    Amounts have been adjusted for the reclassification of certain discontinued operations to continuing operations.

	June 30, 2012		December 31, 2011
Segment assets (accounts receivable, net and inventories):
Thermal Vision and Measurement	$	211,420	$	233,888
Raymarine	70,667		60,093
Surveillance	289,143		316,615
Detection	26,966		32,447
Integrated Systems	21,145		17,774
Discontinued Operations	—		604
	$	619,341	$	661,421

Note 17.    Operating Segments and Related Information - (Continued)

Revenue and Long-Lived Assets by Geographic Area

Information related to revenue by significant geographical location, determined by the end customer, is as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011(1)		2012		2011(1)
United States	$	152,032	$	196,087	$	350,929	$	392,386
Europe	89,152		99,222		169,866		191,694
Other international	97,107		96,246		165,948		183,444
	$	338,291	$	391,555	$	686,743	$	767,524

_______________

(1)    Amounts have been adjusted for the reclassification of certain discontinued operations to continuing operations.

Long-lived assets by significant geographic locations are as follows (in thousands):

	June 30, 2012		December 31, 2011
United States	$	579,612	$	587,592
Europe	292,570		284,171
Other international	9,838		9,627
	$	882,020	$	881,390

Major Customers

Revenue derived from major customers is as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011(1)		2012		2011(1)
US Government	$	75,758	$	111,765	$	174,262	$	230,285

_______________

(1)    Amounts have been adjusted for the reclassification of certain discontinued operations to continuing operations.