Operating Segments and Related Information

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Revenue – External Customers:
Surveillance	$	136,402		$	131,598		$	373,993		$	352,312
Instruments	82,673			74,796			240,160			248,877
Security	56,431			59,331			166,872			158,185
OEM & Emerging Markets	62,719			51,448			167,544			137,568
Maritime	40,586			38,920			147,469			141,922
Detection	26,417			25,835			91,391			80,556
	$	405,228		$	381,928		$	1,187,429		$	1,119,420
Revenue – Intersegments:
Surveillance	$	5,001		$	2,653		$	13,980		$	8,400
Instruments	709			777			3,498			2,687
Security	4,267			2,386			10,575			10,393
OEM & Emerging Markets	7,518			8,020			24,528			25,778
Maritime	656			85			2,728			1,667
Detection	—			—			31			—
Elimination	(18,151		)	(13,921		)	(55,340		)	(48,925		)
	$	—		$	—		$	—		$	—
Earnings (loss) from operations:
Surveillance	$	38,427		$	39,918		$	99,801		$	96,464
Instruments	27,010			21,555			65,640			77,959
Security	2,958			7,222			2,527			18,911
OEM & Emerging Markets	19,936			14,233			46,063			33,507
Maritime	2,391			1,848			14,110			13,058
Detection	6,641			5,290			24,484			17,349
Other	(16,514		)	(14,084		)	(49,187		)	(44,981		)
	$	80,849		$	75,982		$	203,438		$	212,267

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

Operating Segments - (Continued)

	September 30, 2016		December 31, 2015
Segment assets (accounts receivable, net and inventories):
Surveillance	$	275,705	$	285,602
Instruments	110,048		130,363
Security	93,646		105,737
OEM & Emerging Markets	118,408		93,925
Maritime	62,290		73,506
Detection	29,730		30,057
	$	689,827	$	719,190

	September 30, 2016		December 31, 2015
Segment goodwill:
Surveillance	$	151,123	$	120,145
Instruments	150,638		149,582
Security	105,630		101,955
OEM & Emerging Markets	70,380		69,973
Maritime	100,489		106,549
Detection	47,983		48,112
	$	626,243	$	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 September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
United States	229,350		216,237		647,938		587,637
Canada/Latin America	19,401		23,825		66,727		60,224
Europe	71,949		66,207		240,656		255,331
Middle East/Africa	41,889		37,253		98,231		89,830
Asia	42,639		38,406		133,877		126,398
	$	405,228	$	381,928	$	1,187,429	$	1,119,420

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

	September 30, 2016		December 31, 2015
United States	$	692,391	$	666,759
Europe	369,906		383,501
Other international	14,263		13,197
	$	1,076,560	$	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 September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
US Government	$	112,737	$	79,297	$	298,479	$	208,742