Operating Segments and Related Information

3 Months Ended

Mar. 31, 2016

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, hand-held and weapon-mounted thermal imaging systems for use by consumers 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.

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.

OEM & Emerging Markets

The OEM & 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, imaging solutions for the smartphone and mobile devices market, and provides thermal cameras and cores for use or integration into unmanned aerial systems.

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.

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.

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

Operating Segments - (Continued)

Operating segment information is as follows (in thousands):

	Three Months Ended March 31,
	2016			2015
Revenue – External Customers:
Surveillance	$	124,151		$	112,901
Instruments	79,418			83,821
Security	47,061			38,806
OEM & Emerging Markets	47,845			39,834
Maritime	51,720			50,972
Detection	29,277			18,183
	$	379,472		$	344,517
Revenue – Intersegments:
Surveillance	$	4,224		$	3,682
Instruments	1,575			842
Security	2,473			3,976
OEM & Emerging Markets	8,176			8,686
Maritime	615			657
Detection	—			—
Elimination	(17,063		)	(17,843		)
	$	—		$	—
Earnings (loss) from operations:
Surveillance	$	35,240		$	30,166
Instruments	19,496			28,063
Security	(3,645		)	3,816
OEM & Emerging Markets	10,032			8,779
Maritime	4,998			4,789
Detection	7,880			2,680
Other	(16,624		)	(12,539		)
	$	57,377		$	65,754

	March 31, 2016		December 31, 2015
Segment assets (accounts receivable, net and inventories):
Surveillance	$	257,612	$	286,058
Instruments	109,601		130,135
Security	92,558		105,509
OEM & Emerging Markets	113,830		93,925
Maritime	87,414		73,506
Detection	36,385		30,057
	$	697,400	$	719,190

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

Operating Segments - (Continued)

	March 31, 2016		December 31, 2015
Segment goodwill:
Surveillance	$	120,549	$	120,145
Instruments	151,974		149,582
Security	104,149		101,955
OEM & Emerging Markets	71,081		69,973
Maritime	105,413		106,549
Detection	48,081		48,112
	$	601,247	$	596,316

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,
	2016		2015
United States	194,283		166,455
Canada/Latin America	29,242		16,427
Europe	84,410		93,255
Middle East/Africa	27,712		26,567
Asia	43,825		41,813
	$	379,472	$	344,517

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

	March 31, 2016		December 31, 2015
United States	$	664,989	$	666,759
Europe	388,126		383,501
Other international	13,987		13,197
	$	1,067,102	$	1,063,457

Major Customers

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

	Three Months Ended March 31,
	2016		2015
US Government	$	85,636	$	53,320