Operating Segments and Related Information

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Operating Segments and Related Information

Operating Segments and Related Information

Operating Segments

The operating segments of the Company 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. Effective January 1, 2015, the Personal Vision Systems product line was transferred from the OEM and Emerging Markets segment to the Surveillance segment. This product line includes hand-held and weapon-mounted thermal imaging systems for use by consumers. Accordingly, segment financial information in the tables below has been reclassified for the prior period for comparative purposes.

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 monitoring and signal control systems and imaging solutions for the smartphone and mobile devices market.

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 networkedvideo 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,
	2015			2014
				(as reclassified)
Revenue – External Customers:
Surveillance	$	112,901		$	123,087
Instruments	83,821			84,056
OEM and Emerging Markets	39,834			47,915
Maritime	50,972			52,575
Security	38,806			29,309
Detection	18,183			14,600
	$	344,517		$	351,542
Revenue – Intersegments:
Surveillance	$	3,682		$	2,415
Instruments	842			302
OEM and Emerging Markets	8,686			5,166
Maritime	657			665
Security	3,976			1,655
Detection	—			21
Elimination	(17,843		)	(10,224		)
	$	—		$	—
Earnings (loss) from operations:
Surveillance	$	30,166		$	23,266
Instruments	28,063			20,450
OEM and Emerging Markets	8,779			8,806
Maritime	4,789			8,830
Security	3,816			1,686
Detection	2,680			(1,800		)
Other	(12,539		)	(18,787		)
	$	65,754		$	42,451

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

Operating Segments - (Continued)

	March 31, 2015		December 31, 2014
			(as reclassified)
Segment assets (accounts receivable, net and inventories):
Surveillance	$	285,707	$	309,473
Instruments	112,430		119,629
OEM and Emerging Markets	85,022		79,053
Maritime	79,689		67,775
Security	53,457		59,182
Detection	35,782		40,151
	$	652,087	$	675,263

	March 31, 2015		December 31, 2014
			(as reclassified)
Segment goodwill:
Surveillance	$	119,977	$	121,268
Instruments	148,956		155,527
OEM and Emerging Markets	69,639		72,687
Maritime	106,320		109,980
Security	43,779		45,710
Detection	48,109		48,163
	$	536,780	$	553,335

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,
	2015		2014
United States	$	158,650	$	161,738
Europe	90,306		95,072
Other international	95,561		94,732
	$	344,517	$	351,542

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

	March 31, 2015		December 31, 2014
United States	$	622,694	$	623,522
Europe	336,511		319,661
Other international	11,449		51,698
	$	970,654	$	994,881

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

Major Customers

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

	Three Months Ended March 31,
	2015		2014
US Government	$	53,320	$	71,637