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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED)
FLIR SYSTEMS, INC.
(In thousands, except per share data)

 
Q1
 
Q2
 
Q3
 
Q4
2012
 
 
 
 
 
 
 
Revenue
$
348,452

 
$
338,291

 
$
332,230

 
$
386,385

Gross profit
182,727

 
170,029

 
173,353

 
205,281

Earnings from continuing operations
48,825

 
42,405

 
55,949

 
78,177

Loss from discontinued operations
(686
)
 
(1,312
)
 
(44
)
 
(916
)
Net earnings
48,139

 
41,093

 
55,905

 
77,261

Basic earnings per share:
 
 
 
 
 
 
 
Continuing operations
$
0.32

 
$
0.28

 
$
0.37

 
$
0.53

Discontinued operations
(0.00
)
 
(0.01
)
 
(0.00
)
 
(0.01
)
Basic earnings per share
$
0.31

 
$
0.27

 
$
0.37

 
$
0.52

Diluted earnings per share:
 
 
 
 
 
 
 
Continuing operations
$
0.31

 
$
0.27

 
$
0.37

 
$
0.52

Discontinued operations
(0.00
)
 
(0.01
)
 
(0.00
)
 
(0.01
)
Diluted earnings per share
$
0.31

 
$
0.27

 
$
0.37

 
$
0.52

2011
 
 
 
 
 
 
 
Revenue
$
375,969

 
$
391,554

 
$
371,327

 
$
405,212

Gross profit
196,512

 
205,410

 
201,897

 
224,785

Earnings from continuing operations
51,605

 
29,822

(1
)
64,390

 
76,835

(Loss) income from discontinued operations
(289
)
 
(513
)
 
329

 
(705
)
Net earnings
51,316

 
29,309

 
64,719

 
76,130

Basic earnings per share:
 
 
 
 
 
 
 
Continuing operations
$
0.32

 
$
0.19

 
$
0.41

 
$
0.49

Discontinued operations
(0.00
)
 
(0.00
)
 
(0.00
)
 
(0.00
)
Basic earnings per share
$
0.32

 
$
0.18

 
$
0.41

 
$
0.49

Diluted earnings per share:
 
 
 
 
 
 
 
Continuing operations
$
0.32

 
$
0.18

 
$
0.40

 
$
0.49

Discontinued operations
(0.00
)
 
(0.00
)
 
(0.00
)
 
(0.00
)
Diluted earnings per share
$
0.32

 
$
0.18

 
$
0.40

 
$
0.48

_
_______________
(1)
Earnings from continuing operations for the second quarter of 2011 include the payment of a $39.0 million litigation settlement. See Note 13 to the Consolidated Financial Statements for additional information.
The sum of the quarterly earnings per share does not always equal the annual earnings per share as a result of the computation of quarterly versus annual average shares outstanding.