Operating Segments and Related Information

6 Months Ended

Jun. 30, 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.

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,
	2013			2012			2013			2012
Revenue – External Customers:
Thermal Vision and Measurement	$	174,962		$	142,641		$	342,351		$	298,381
Raymarine	46,887			47,181			91,288			93,785
Surveillance	118,618			119,493			228,859			234,090
Detection	14,367			15,713			26,913			35,066
Integrated Systems	34,495			13,263			48,501			25,421
	$	389,329		$	338,291		$	737,912		$	686,743
Revenue – Intersegments:
Thermal Vision and Measurement	$	4,233		$	4,403		$	7,196		$	9,451
Raymarine	—			—			—			4
Surveillance	8,490			7,083			14,280			11,986
Detection	1,821			326			4,262			776
Integrated Systems	390			473			698			1,047
Eliminations	(14,934		)	(12,285		)	(26,436		)	(23,264		)
	$	—		$	—		$	—		$	—
Earnings (loss) from operations:
Thermal Vision and Measurement	$	41,816		$	27,394		$	81,765		$	66,736
Raymarine	6,318			5,728			12,295			9,569
Surveillance	35,346			40,821			70,300			75,722
Detection	1,319			(1,767		)	1,911			(330		)
Integrated Systems	30			331			209			(66		)
Other	(14,557		)	(11,786		)	(27,078		)	(22,614		)
	$	70,272		$	60,721		$	139,402		$	129,017

	June 30, 2013		December 31, 2012
Segment assets (accounts receivable, net and inventories):
Thermal Vision and Measurement	$	240,977	$	265,197
Raymarine	69,994		74,980
Surveillance	274,806		317,944
Detection	22,054		31,861
Integrated Systems	35,105		26,559
	$	642,936	$	716,541

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,
	2013		2012		2013		2012
United States	$	214,003	$	152,032	$	385,017	$	350,929
Europe	87,571		89,152		178,726		169,866
Other international	87,755		97,107		174,169		165,948
	$	389,329	$	338,291	$	737,912	$	686,743

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

	June 30, 2013		December 31, 2012
			(As adjusted)
United States	$	591,099	$	583,008
Europe	343,162		353,695
Other international	51,577		52,961
	$	985,838	$	989,664

Major Customers

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
US Government	$	114,844	$	75,758	$	192,604	$	174,262