XML 59 R45.htm IDEA: XBRL DOCUMENT v3.8.0.1
Operating Segments and Related Information (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Operating Segment Information
Operating segment information is as follows (in thousands):
 
Year Ended December 31,
 
2017
 
2016
 
2015
Revenue—External Customers:
 
 
 
 
 
Surveillance
$
545,755

 
$
532,476

 
$
503,045

Instruments
357,834

 
336,141

 
347,476

Security
231,456

 
240,010

 
226,575

OEM & Emerging Markets
347,160

 
243,678

 
186,722

Maritime
189,694

 
185,726

 
177,948

Detection
128,535
 
124,136
 
115,301
 
$
1,800,434

 
$
1,662,167

 
$
1,557,067

Revenue—Intersegments:
 
 
 
 
 
Surveillance
$
14,074

 
$
18,835

 
$
10,761

Instruments
4,686

 
4,343

 
9,951

Security
15,845

 
13,838

 
12,033

OEM & Emerging Markets
42,985

 
33,442

 
33,059

Maritime
2,440

 
3,450

 
2,108

Detection
145

 
31

 

Eliminations
(80,175
)
 
(73,939
)
 
(67,912
)
 
$

 
$

 
$

Segment operating income:
 
 
 
 
 
Surveillance
$
151,983

 
$
151,516

 
$
149,560

Instruments
106,887

 
98,775

 
115,115

Security
13,760

 
15,885

 
29,366

OEM & Emerging Markets
103,334

 
66,141

 
43,660

Maritime
23,019

 
18,564

 
17,383

Detection
36,146

 
35,276

 
30,262

 
$
435,129

 
$
386,157

 
$
385,346


Note 17.
Operating Segments and Related Information - (Continued)
Operating Segments - (Continued)
A reconciliation of the Company's consolidated segment operating income to consolidated earnings before income taxes is as follows (in thousands):
 
Year Ended December 31,
 
2017
 
2016
 
2015
Consolidated segment operating income
$
435,129

 
$
386,157

 
$
385,346

Unallocated corporate expenses
(87,184
)
 
(65,012
)
 
(61,946
)
Amortization of purchased intangible assets
(27,391
)
 
(18,266
)
 
(16,275
)
Amortization of acquisition-related inventory step-up
(1,992
)
 
(3,230
)
 

Restructuring charges
(625
)
 
(1,431
)
 
(1,361
)
Loss on net assets held for sale
(23,588
)
 

 

SkyWatch product quality accrual
(4,388
)
 
(2,500
)
 

Consolidated earnings from operations
289,961

 
295,718

 
305,764

Interest and non-operating expense, net
(10,896
)
 
(19,761
)
 
(318
)
Consolidated earnings before income taxes
$
279,065

 
$
275,957

 
$
305,446


Unallocated corporate expenses include general corporate expenses, acquisition related costs and executive transition costs.
Segment Assets
 
December 31,
 
2017
 
2016
Segment assets (accounts receivable, net and inventories):
 
 
 
Surveillance
$
296,891

 
$
283,324

Instruments
139,367

 
114,681

Security
34,735

 
93,174

OEM & Emerging Markets
149,346

 
144,862

Maritime
66,689

 
61,494

Detection
31,842

 
25,856

 
$
718,870

 
$
723,391


 
December 31,
 
2017
 
2016
Segment goodwill:
 
 
 
Surveillance
$
253,341

 
$
152,383

Instruments
155,937

 
147,595

Security
92,719

 
102,983

OEM & Emerging Markets
256,745

 
252,647

Maritime
103,048

 
97,860

Detection
48,021

 
47,938

 
$
909,811

 
$
801,406



Note 17.
Operating Segments and Related Information - (Continued)
By Significant Geographical Location
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):
 
Year Ended December 31,
 
2017
 
2016
 
2015
United States
$
956,438

 
$
903,582

 
$
830,485

Europe
375,474

 
338,805

 
338,886

Asia
227,047

 
195,913

 
175,616

Middle East/Africa
127,796

 
130,890

 
125,848

Canada/Latin America
113,679

 
92,977

 
86,232

 
$
1,800,434

 
$
1,662,167

 
$
1,557,067

Long-lived assets are comprised of net property and equipment, net identifiable intangible assets, goodwill and other long-term assets. Long-lived assets by significant geographic locations are as follows (in thousands):
 
December 31,
 
2017
 
2016
United States
$
797,816

 
$
676,007

Europe
343,208

 
673,767

Other foreign
260,782

 
60,032

 
$
1,401,806

 
$
1,409,806

Revenue Derived from Major Customers
Major Customers
Revenue derived from major customers is as follows (in thousands):
 
Year Ended December 31,
 
2017
 
2016
 
2015
United States government
$
466,304

 
$
416,341

 
$
321,420