Operating Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2015


Broadcast Solutions	Years ended December 31,
	2015		2014		2013
	(In thousands)
Segment revenues	$	739,970	$	757,767	$	501,560
Affiliate revenues		916		821		502
Segment EBITDA		113,638		116,966		86,649
Depreciation expense		16,295		15,854		17,786
Amortization of intangibles		49,812		49,562		44,828
Severance, restructuring, and acquisition integration costs		39,078		48,440		12,128
Purchase accounting effects of acquisitions		132		8,574		6,550
Deferred gross profit adjustments		2,446		10,777		11,337
Acquisition of property, plant and equipment		27,365		17,091		9,685
Segment assets		346,095		378,024		238,221


Enterprise Connectivity Solutions	Years ended December 31,
	2015		2014		2013
	(In thousands)
Segment revenues	$	605,910	$	626,614	$	670,766
Affiliate revenues		5,322		8,467		9,823
Segment EBITDA		100,214		89,352		84,971
Depreciation expense		12,591		14,443		13,105
Amortization of intangibles		1,720		1,827		1,720
Severance, restructuring, and acquisition integration costs		723		3,435		400
Purchase accounting effects of acquisitions		52		608		—
Acquisition of property, plant and equipment		10,323		13,395		12,590
Segment assets		238,400		259,344		279,306


Industrial Connectivity Solutions	Years ended December 31,
	2015		2014		2013
	(In thousands)
Segment revenues	$	603,350	$	682,374	$	680,643
Affiliate revenues		1,613		2,927		1,901
Segment EBITDA		99,941		106,097		104,655
Depreciation expense		11,235		11,145		10,308
Amortization of intangibles		3,154		1,236		1,085
Severance, restructuring, and acquisition integration costs		6,228		11,953		700
Purchase accounting effects of acquisitions		334		1,328		—
Acquisition of property, plant and equipment		8,836		10,053		14,496
Segment assets		231,265		255,997		259,400


Industrial IT Solutions	Years ended December 31,
	2015		2014		2013
	(In thousands)
Segment revenues	$	244,303	$	253,464	$	231,521
Affiliate revenues		70		54		208
Segment EBITDA		43,253		47,927		45,719
Depreciation expense		2,293		2,294		2,449
Amortization of intangibles		5,859		5,801		3,170
Severance, restructuring, and acquisition integration costs		169		6,999		1,660
Purchase accounting effects of acquisitions		32		2,030		—
Acquisition of property, plant and equipment		2,039		1,903		2,020
Segment assets		55,285		67,417		56,658


Network Security Solutions	Years ended December 31,
	2015		2014		2013
	(In thousands)
Segment revenues	$	167,050	$	—	$	—
Affiliate revenues		8		—		—
Segment EBITDA		44,620		—		—
Depreciation expense		4,137		—		—
Amortization of intangibles		43,246		—		—
Severance, restructuring, and acquisition integration costs		972		—		—
Purchase accounting effects of acquisitions		9,197		—		—
Deferred gross profit adjustments		50,430		—		—
Acquisition of property, plant and equipment		5,009		—		—
Segment assets		63,235		—		—

Total Segments	Years ended December 31,
	2015		2014		2013
	(In thousands)
Segment revenues	$	2,360,583	$	2,320,219	$	2,084,490
Affiliate revenues		7,929		12,269		12,434
Segment EBITDA		401,666		360,342		321,994
Depreciation expense		46,551		43,736		43,648
Amortization of intangibles		103,791		58,426		50,803
Severance, restructuring, and acquisition integration costs		47,170		70,827		14,888
Purchase accounting effects of acquisitions		9,747		12,540		6,550
Deferred gross profit adjustments		52,876		10,777		11,337
Acquisition of property, plant and equipment		53,572		42,442		38,791
Segment assets		934,280		960,782		833,585

Reconciliation of Total Reportable Segments' Revenues and EBITDA to Consolidated Revenues and Consolidated Income from Continuing Operations Before Taxes

The following table is a reconciliation of the total of the reportable segments’ Revenues and EBITDA to consolidated revenues and consolidated income from continuing operations before taxes, respectively.


	Years Ended December 31,
	2015			2014			2013
	(In thousands)
Total Segment Revenues	$	2,360,583		$	2,320,219		$	2,084,490
Deferred revenue adjustments (1)		(51,361	)		(11,954	)		(15,297	)

Consolidated Revenues	$	2,309,222		$	2,308,265		$	2,069,193

Total Segment EBITDA	$	401,666		$	360,342		$	321,994
Amortization of intangibles		(103,791	)		(58,426	)		(50,803	)
Deferred gross profit adjustments (1)		(52,876	)		(10,777	)		(11,337	)
Severance, restructuring, and acquisition integration costs (2)		(47,170	)		(70,827	)		(14,888	)
Depreciation expense		(46,551	)		(43,736	)		(43,648	)
Purchase accounting effects related to acquisitions (3)		(9,747	)		(12,540	)		(6,550	)
Income from equity method investment		1,770			3,955			8,922
Gain on sale of assets		—			—			1,278
Eliminations		(2,748	)		(4,872	)		(3,706	)

Consolidated operating income		140,553			163,119			201,262
Interest expense, net		(100,613	)		(81,573	)		(72,601	)
Loss on debt extinguishment		—			—			(1,612	)

Consolidated income from continuing operations before taxes	$	39,940		$	81,546		$	127,049

(1)	For the year ended December 31, 2015, both our consolidated revenues and gross profit were negatively impacted by the reduction of the acquired deferred revenue balance to fair value associated with our acquisition of Tripwire. See Note 3, Acquisitions.

(2)	See Note 12, Severance, Restructuring, and Acquisition Integration Activities, for details.

(3)

For the year ended December 31, 2015, we recognized $9.2 million of compensation expense related to the accelerated vesting of acquiree stock based compensation awards associated with our acquisition of Tripwire. In addition, we recognized $0.3 million of cost of sales related to the adjustment of acquired inventory to fair value related to our acquisition of Coast. For the year ended December 31, 2014, we recognized $8.3 million of cost of sales related to the adjustment of acquired inventory to fair value for our acquisitions of Grass Valley and ProSoft.

Reconciliations of Other Segment Measures to Consolidated Totals

Below are reconciliations of other segment measures to the consolidated totals.


	Years Ended December 31,
	2015		2014		2013
	(In thousands)
Total segment assets	$	934,280	$	960,782	$	833,585
Cash and cash equivalents		216,751		741,162		613,304
Goodwill		1,385,115		943,374		773,048
Intangible assets, less accumulated amortization		655,871		461,292		376,976
Deferred income taxes		34,295		60,652		54,801
Income tax receivable		3,787		4,953		12,169
Corporate assets		60,503		59,987		64,804

Total assets	$	3,290,602	$	3,232,202	$	2,728,687

Total segment acquisition of property, plant and equipment	$	53,572	$	42,442	$	38,791
Corporate acquisition of property, plant and equipment		1,397		3,017		1,418

Total acquisition of property, plant and equipment	$	54,969	$	45,459	$	40,209

Schedule of Revenue from External Customers and Long-Lived Assets Based on Physical Location

The table below summarizes net sales and long-lived assets for the years ended December 31, 2015, 2014 and 2013 for the following countries: the U.S., Canada, China, and Germany. No other individual foreign country’s net sales or long-lived assets are material to the Company.


	United States			Canada			China			Germany			All Other			Total
	(In thousands, except percentages)
Year ended December 31, 2015
Revenues	$	1,270,467		$	170,522		$	114,863		$	103,106		$	650,264		$	2,309,222
Percent of total revenues		55	%		7	%		5	%		4	%		29	%		100	%
Long-lived assets	$	188,032		$	27,315		$	62,794		$	35,588		$	64,434		$	378,163
Year ended December 31, 2014
Revenues	$	1,134,721		$	194,149		$	132,330		$	120,297		$	726,768		$	2,308,265
Percent of total revenues		49	%		8	%		6	%		5	%		32	%		100	%
Long-lived assets	$	169,080		$	29,773		$	70,574		$	40,557		$	70,727		$	380,711
Year ended December 31, 2013
Revenues	$	1,032,190		$	195,387		$	126,461		$	108,745		$	606,410		$	2,069,193
Percent of total revenues		50	%		9	%		6	%		5	%		30	%		100	%
Long-lived assets	$	152,199		$	27,458		$	76,949		$	45,702		$	59,275		$	361,583