Operating Segments and Related Information

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Revenue – External Customers:
Thermal Vision and Measurement	$	149,540		$	160,998		$	447,922		$	470,799
Raymarine	31,659			35,442			125,443			136,169
Surveillance	115,915			139,827			350,005			431,164
Detection	15,401			21,193			50,467			56,284
Integrated Systems	19,715			13,867			45,136			44,434
	$	332,230		$	371,327		$	1,018,973		$	1,138,850
Revenue – Intersegments:
Thermal Vision and Measurement	$	3,076		$	3,799		$	12,527		$	14,197
Raymarine	—			—			4			7
Surveillance	5,260			5,982			17,246			23,003
Detection	1,027			1,913			1,803			3,391
Integrated Systems	295			—			1,342			1,811
Eliminations	(9,658		)	(11,694		)	(32,922		)	(42,409		)
	$	—		$	—		$	—		$	—
Earnings (loss) from operations:
Thermal Vision and Measurement	$	42,916		$	47,162		$	109,651		$	131,447
Raymarine	374			(2,824		)	9,944			11,829
Surveillance	39,243			51,872			114,965			149,672
Detection	1,131			1,997			801			(4,878		)
Integrated Systems	1,333			298			1,267			126
Other	(10,760		)	(13,096		)	(33,375		)	(84,669		)
	$	74,237		$	85,409		$	203,253		$	203,527

	September 30, 2012		December 31, 2011
Segment assets (accounts receivable, net and inventories):
Thermal Vision and Measurement	$	224,448	$	233,888
Raymarine	68,945		60,093
Surveillance	295,403		316,615
Detection	35,687		32,447
Integrated Systems	19,953		17,774
Discontinued Operations	—		604
	$	644,436	$	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 September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
United States	$	185,222	$	205,579	$	536,150	$	598,236
Europe	61,507		87,647		231,374		279,341
Other international	85,501		78,101		251,449		261,273
	$	332,230	$	371,327	$	1,018,973	$	1,138,850

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

	September 30, 2012		December 31, 2011
United States	$	576,520	$	587,592
Europe	301,442		284,171
Other international	10,038		9,627
	$	888,000	$	881,390

Major Customers

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
US Government	$	91,714	$	118,659	$	265,976	$	348,944