Operating Segments and Related Information

6 Months Ended

Jun. 30, 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 and image intensified 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.

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 June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Revenue – External Customers:
Surveillance	$	113,440		$	107,814		$	237,591		$	220,715
Instruments	78,068			90,260			157,487			174,080
Security	63,380			60,048			110,441			98,854
OEM & Emerging Markets	56,980			46,285			104,825			86,120
Maritime	55,163			52,030			106,883			103,002
Detection	35,698			36,538			64,974			54,721
	$	402,729		$	392,975		$	782,201		$	737,492
Revenue – Intersegments:
Surveillance	$	4,755		$	2,065		$	8,979		$	5,747
Instruments	1,213			1,068			2,788			1,910
Security	3,836			4,032			6,308			8,007
OEM & Emerging Markets	8,833			9,072			17,010			17,758
Maritime	1,458			925			2,072			1,582
Detection	31			—			31			—
Elimination	(20,126		)	(17,162		)	(37,188		)	(35,004		)
	$	—		$	—		$	—		$	—
Earnings (loss) from operations:
Surveillance	$	26,135		$	26,378		$	61,374		$	56,546
Instruments	19,133			28,341			38,629			56,404
Security	3,214			7,874			(430		)	11,689
OEM & Emerging Markets	16,094			10,495			26,127			19,274
Maritime	6,721			6,421			11,719			11,210
Detection	9,963			9,380			17,843			12,059
Other	(16,048		)	(18,358		)	(32,673		)	(30,897		)
	$	65,212		$	70,531		$	122,589		$	136,285

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

Operating Segments - (Continued)

	June 30, 2016		December 31, 2015
Segment assets (accounts receivable, net and inventories):
Surveillance	$	255,484	$	285,602
Instruments	105,306		130,363
Security	92,960		105,737
OEM & Emerging Markets	111,703		93,925
Maritime	73,414		73,506
Detection	27,849		30,057
	$	666,716	$	719,190

	June 30, 2016		December 31, 2015
Segment goodwill:
Surveillance	$	120,113	$	120,145
Instruments	150,457		149,582
Security	102,004		101,955
OEM & Emerging Markets	70,332		69,973
Maritime	102,025		106,549
Detection	48,015		48,112
	$	592,946	$	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 June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
United States	224,305		204,946		418,589		371,401
Canada/Latin America	18,085		19,972		47,327		36,399
Europe	84,297		95,869		168,707		189,124
Middle East/Africa	28,629		26,009		56,341		52,576
Asia	47,413		46,179		91,237		87,992
	$	402,729	$	392,975	$	782,201	$	737,492

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

	June 30, 2016		December 31, 2015
United States	$	693,580	$	666,759
Europe	373,385		383,501
Other international	14,586		13,197
	$	1,081,551	$	1,063,457

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

Major Customers

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
US Government	$	100,106	$	76,125	$	185,742	$	129,445