Operating Segments and Related Information

9 Months Ended

Sep. 30, 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 applicable prior periods 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.

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

Operating Segments - (Continued)

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 ("CBRNE") threats for military force protection, homeland security, and commercial applications.

Operating segment information is as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
				(as reclassified)						(as reclassified)
Revenue – External Customers:
Surveillance	$	131,598		$	125,343		$	352,312		$	362,073
Instruments	74,796			82,561			248,877			250,583
OEM and Emerging Markets	51,448			49,888			137,568			148,927
Maritime	38,920			44,728			141,922			152,533
Security	59,331			48,648			158,185			122,692
Detection	25,835			24,198			80,556			59,480
	$	381,928		$	375,366		$	1,119,420		$	1,096,288
Revenue – Intersegments:
Surveillance	$	2,653		$	2,659		$	8,400		$	6,642
Instruments	777			74			2,687			548
OEM and Emerging Markets	8,020			4,721			25,778			15,277
Maritime	85			804			1,667			2,308
Security	2,386			2,971			10,393			7,361
Detection	—			4			—			64
Elimination	(13,921		)	(11,233		)	(48,925		)	(32,200		)
	$	—		$	—		$	—		$	—
Earnings (loss) from operations:
Surveillance	$	39,918		$	33,393		$	96,464		$	79,293
Instruments	21,555			23,191			77,959			64,678
OEM and Emerging Markets	14,233			12,798			33,507			35,518
Maritime	1,848			4,614			13,058			23,159
Security	7,222			6,988			18,911			14,560
Detection	5,290			4,167			17,349			5,519
Other	(14,084		)	(15,142		)	(44,981		)	(50,903		)
	$	75,982		$	70,009		$	212,267		$	171,824

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

Operating Segments - (Continued)

	September 30, 2015		December 31, 2014
			(as reclassified)
Segment assets (accounts receivable, net and inventories):
Surveillance	$	284,147	$	309,473
Instruments	121,995		119,629
OEM and Emerging Markets	91,582		79,053
Maritime	72,802		67,775
Security	90,271		59,182
Detection	30,586		40,151
	$	691,383	$	675,263

	September 30, 2015		December 31, 2014
			(as reclassified)
Segment goodwill:
Surveillance	$	120,358	$	121,268
Instruments	150,803		155,527
OEM and Emerging Markets	70,470		72,687
Maritime	107,883		109,980
Security	44,322		45,710
Detection	48,135		48,163
	$	541,971	$	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 September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
United States	216,237		192,495		587,637		559,058
Canada/Latin America	23,825		20,870		60,224		69,349
Europe	66,207		82,253		255,331		256,908
Middle East/Africa	37,253		42,287		89,830		91,506
Asia	38,406		37,461		126,398		119,467
	$	381,928	$	375,366	$	1,119,420	$	1,096,288

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

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

	September 30, 2015		December 31, 2014
United States	$	636,965	$	623,522
Europe	338,670		319,661
Other international	12,447		51,698
	$	988,082	$	994,881

Major Customers

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
US Government	$	79,297	$	77,496	$	208,742	$	227,715