Operating Segments and Related Information

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Operating Segments and Related Information

Operating Segments and Related Information

Operating Segments

In February 2014, the Company announced a realignment of its business which resulted in the elimination of its division structure and the formation of six reporting segments effective as of January 1, 2014. Those operating segments are as follows:

Surveillance

The Surveillance segment develops and manufactures enhanced imaging and recognition solutions for 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. Offerings include airborne, land, maritime, and man-portable multi-spectrum imaging systems, radars, lasers, imaging components, integrated multi-sensor system platforms, and services related to these systems.

Instruments

The Instruments segment develops and manufactures devices that image, measure, and assess thermal energy, gases, and other environmental elements for industrial, commercial, and scientific applications. Products include thermal imaging cameras, gas detection cameras, firefighting cameras, process automation cameras, and environmental test and measurement devices.

OEM and Emerging Markets

The OEM and Emerging Markets segment develops and manufactures thermal imaging camera cores and components that are utilized by third parties to create thermal and other types of imaging systems. The segment also develops and manufactures intelligent traffic systems and hand-held and weapon-mounted thermal imaging systems for use by consumers and law enforcement.

Maritime

The Maritime segment develops and manufactures electronics and imaging instruments for the recreational and commercial maritime market. The segment provides a full suite of networked electronic systems including multi-function helm displays, navigational instruments, autopilots, radars, sonar systems, thermal and visible imaging systems, and communications equipment for boats of all sizes.

Security

The Security segment develops and manufactures cameras and video recording systems for use in commercial, critical infrastructure, and home security applications. Products include thermal and visible-spectrum cameras, digital and networked video recorders, and related software and accessories that enable the efficient and effective safeguarding of assets at all hours of the day and through adverse weather conditions.

Detection

The Detection segment develops and manufactures sensor instruments and integrated platform solutions for the detection, identification, and suppression of chemical, biological, radiological, nuclear, and explosives threats for military force protection, homeland security, and commercial applications.

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

Operating Segments - (Continued)

Operating segment information is as follows (in thousands):

	Three Months Ended March 31,
	2014			2013
Revenue – External Customers:
Surveillance	$	117,201		$	117,987
Instruments	84,056			78,550
OEM and Emerging Markets	53,801			50,285
Maritime	52,575			50,462
Security	29,309			29,472
Detection	14,600			21,827
	$	351,542		$	348,583
Revenue – Intersegments:
Surveillance	$	2,415		$	1,830
Instruments	302			1,521
OEM and Emerging Markets	5,166			6,016
Maritime	668			—
Security	1,655			—
Detection	21			1
Elimination	(10,227		)	(9,368		)
	$	—		$	—
Earnings (loss) from operations:
Surveillance	$	20,361		$	33,726
Instruments	20,450			20,024
OEM and Emerging Markets	11,711			14,596
Maritime	8,830			8,107
Security	1,686			4,389
Detection	(1,800		)	2,545
Other	(18,787		)	(14,257		)
	$	42,451		$	69,130

	March 31, 2014		December 31, 2013
Segment assets (accounts receivable, net and inventories):
Surveillance	$	271,834	$	282,839
Instruments	109,957		117,336
OEM and Emerging Markets	85,112		88,317
Maritime	79,462		68,915
Security	36,916		45,053
Detection	25,778		28,832
	$	609,059	$	631,292

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

Operating Segments - (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 March 31,
	2014		2013
United States	$	161,738	$	171,016
Europe	95,072		91,154
Other international	94,732		86,413
	$	351,542	$	348,583

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

	March 31, 2014		December 31, 2013
United States	$	617,096	$	600,261
Europe	346,865		359,444
Other international	56,648		56,040
	$	1,020,609	$	1,015,745

Major Customers

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

	Three Months Ended March 31,
	2014		2013
US Government	$	71,637	$	77,759