Operating Segments and Related Information

3 Months Ended

Mar. 31, 2013

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.

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

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.

Operating Segments - (Continued)

Operating segment information is as follows (in thousands):

	Three Months Ended March 31,
	2013			2012
Revenue – External Customers:
Thermal Vision and Measurement	$	167,388		$	155,741
Raymarine	44,401			46,604
Surveillance	110,241			114,597
Detection	12,547			19,352
Integrated Systems	14,006			12,158
	$	348,583		$	348,452
Revenue – Intersegments:
Thermal Vision and Measurement	$	2,963		$	5,048
Raymarine	—			4
Surveillance	5,790			4,903
Detection	2,441			451
Integrated Systems	308			574
Eliminations	(11,502		)	(10,980		)
	$	—		$	—
Earnings (loss) from operations:
Thermal Vision and Measurement	$	39,949		$	39,341
Raymarine	5,977			3,841
Surveillance	34,954			34,901
Detection	592			1,437
Integrated Systems	179			(398		)
Other	(12,521		)	(10,826		)
	$	69,130		$	68,296

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

	March 31, 2013		December 31, 2012
Segment assets (accounts receivable, net and inventories):
Thermal Vision and Measurement	$	246,157	$	265,197
Raymarine	80,404		74,980
Surveillance	308,484		317,944
Detection	23,059		31,861
Integrated Systems	37,972		26,559
	$	696,076	$	716,541

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 March 31,
	2013		2012
United States	$	171,016	$	198,897
Europe	91,154		80,714
Other international	86,413		68,841
	$	348,583	$	348,452

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

	March 31, 2013		December 31, 2012
United States	$	584,512	$	582,387
Europe	336,654		386,871
Other international	51,510		10,778
	$	972,676	$	980,036

Major Customers

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

	Three Months Ended March 31,
	2013		2012
US Government	$	77,759	$	98,504