Operating Segments and Related Information

6 Months Ended

Jun. 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 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 June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
				(as reclassified)						(as reclassified)
Revenue – External Customers:
Surveillance	$	107,814		$	113,641		$	220,715		$	236,729
Instruments	90,260			83,968			174,080			168,023
OEM and Emerging Markets	46,285			51,124			86,120			99,039
Maritime	52,030			55,230			103,002			107,805
Security	60,048			44,735			98,854			74,045
Detection	36,538			20,682			54,721			35,282
	$	392,975		$	369,380		$	737,492		$	720,923
Revenue – Intersegments:
Surveillance	$	2,065		$	1,568		$	5,747		$	3,983
Instruments	1,068			173			1,910			474
OEM and Emerging Markets	9,072			5,390			17,758			10,556
Maritime	925			836			1,582			1,504
Security	4,032			2,735			8,007			4,390
Detection	—			39			—			59
Elimination	(17,162		)	(10,741		)	(35,004		)	(20,966		)
	$	—		$	—		$	—		$	—
Earnings (loss) from operations:
Surveillance	$	26,378		$	22,634		$	56,546		$	45,900
Instruments	28,341			21,037			56,404			41,486
OEM and Emerging Markets	10,495			13,914			19,274			22,720
Maritime	6,421			9,714			11,210			18,544
Security	7,874			5,886			11,689			7,572
Detection	9,380			3,152			12,059			1,353
Other	(18,358		)	(16,973		)	(30,897		)	(35,761		)
	$	70,531		$	59,364		$	136,285		$	101,814

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

Operating Segments - (Continued)

	June 30, 2015		December 31, 2014
			(as reclassified)
Segment assets (accounts receivable, net and inventories):
Surveillance	$	285,436	$	309,473
Instruments	123,924		119,629
OEM and Emerging Markets	86,524		79,053
Maritime	74,532		67,775
Security	80,540		59,182
Detection	37,268		40,151
	$	688,224	$	675,263

	June 30, 2015		December 31, 2014
			(as reclassified)
Segment goodwill:
Surveillance	$	120,489	$	121,268
Instruments	151,061		155,527
OEM and Emerging Markets	70,622		72,687
Maritime	109,758		109,980
Security	44,398		45,710
Detection	48,173		48,163
	$	544,501	$	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 June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
United States	$	200,276	$	191,108	$	364,240	$	352,846
Europe	95,851		85,771		188,593		180,845
Other international	96,848		92,501		184,659		187,232
	$	392,975	$	369,380	$	737,492	$	720,923

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

	June 30, 2015		December 31, 2014
United States	$	629,235	$	623,522
Europe	344,667		319,661
Other international	12,745		51,698
	$	986,647	$	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 June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
US Government	$	76,125	$	78,582	$	129,445	$	150,219