Segment Information (Tables)

6 Months Ended

Jun. 30, 2014

The following table presents operating information and identifiable assets by reportable segment (in thousands):

	Quarters Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Launch Vehicles:
Revenues	$	125,840		$	134,027		$	263,081		$	268,319
Operating income		11,040			10,521			22,779			22,554
Identifiable assets		190,374			195,294	⁽²⁾		190,374			195,294	⁽²⁾
Capital expenditures		1,835			2,976			4,970			4,673
Depreciation and amortization		4,401			4,618			8,790			8,877
Satellites and Space Systems:
Revenues	$	87,244		$	93,828		$	170,034		$	194,611
Operating income		2,713			10,637			6,010			21,475
Identifiable assets		306,407			288,343	⁽²⁾		306,407			288,343	⁽²⁾
Capital expenditures		3,522			5,337			7,592			10,373
Depreciation and amortization		2,088			2,074			4,119			4,232
Advanced Space Programs:
Revenues	$	110,178		$	116,620		$	217,491		$	229,879
Operating income		8,120			5,148			16,066			13,384
Identifiable assets		354,188			448,015	⁽²⁾		354,188			448,015	⁽²⁾
Capital expenditures		2,012			1,311			2,590			2,762
Depreciation and amortization		2,557			2,179			5,018			4,035
Corporate and Other:
Revenues⁽¹⁾	$	(5,138	)	$	(11,394	)	$	(9,197	)	$	(24,915	)
Operating loss		(6,613	)⁽³⁾		-			(6,613	)⁽³⁾		-
Identifiable assets		456,210			353,109	⁽²⁾		456,210			353,109	⁽²⁾
Capital expenditures		351			1,812			1,011			2,025
Depreciation and amortization		1,589			1,563			3,179			3,114
Consolidated:
Revenues	$	318,124		$	333,081		$	641,409		$	667,894
Operating income		15,260			26,306			38,242			57,413
Identifiable assets		1,307,179			1,284,761	⁽²⁾		1,307,179			1,284,761	⁽²⁾
Capital expenditures		7,720			11,436			16,163			19,833
Depreciation and amortization		10,635			10,434			21,106			20,258

(1)

Corporate and other revenues are comprised solely of the elimination of intersegment revenues summarized as follows (in millions):

	Quarters Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Launch Vehicles	$	3.9	$	10.3	$	6.9	$	22.0
Satellites and Space Systems		1.0		0.9		1.9		2.3
Advanced Space Programs		0.2		0.2		0.4		0.6
Total intersegment revenues	$	5.1	$	11.4	$	9.2	$	24.9

(2)

As of December 31, 2013.

(3)

The corporate and other loss in 2014 is comprised solely of professional fees and other costs pertaining to the proposed merger (see Note 2).

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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