Operating Segments and Related Information | 3 Months Ended |
Mar. 31, 2014 |
Segment Reporting [Abstract] | ' |
Operating Segments and Related Information | ' |
Operating Segments and Related Information |
Operating Segments |
In February 2014, the Company announced a realignment of its business which resulted in the elimination of its division structure and the formation of six reporting segments effective as of January 1, 2014. Those operating segments 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. |
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 systems and hand-held and weapon-mounted thermal imaging systems for use by consumers and law enforcement. |
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 networked video 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 |
March 31, |
| 2014 | | 2013 |
Revenue – External Customers: | | | |
Surveillance | $ | 117,201 | | | $ | 117,987 | |
|
Instruments | 84,056 | | | 78,550 | |
|
OEM and Emerging Markets | 53,801 | | | 50,285 | |
|
Maritime | 52,575 | | | 50,462 | |
|
Security | 29,309 | | | 29,472 | |
|
Detection | 14,600 | | | 21,827 | |
|
| $ | 351,542 | | | $ | 348,583 | |
|
Revenue – Intersegments: | | | |
Surveillance | $ | 2,415 | | | $ | 1,830 | |
|
Instruments | 302 | | | 1,521 | |
|
OEM and Emerging Markets | 5,166 | | | 6,016 | |
|
Maritime | 668 | | | — | |
|
Security | 1,655 | | | — | |
|
Detection | 21 | | | 1 | |
|
Elimination | (10,227 | ) | | (9,368 | ) |
| $ | — | | | $ | — | |
|
Earnings (loss) from operations: | | | |
Surveillance | $ | 20,361 | | | $ | 33,726 | |
|
Instruments | 20,450 | | | 20,024 | |
|
OEM and Emerging Markets | 11,711 | | | 14,596 | |
|
Maritime | 8,830 | | | 8,107 | |
|
Security | 1,686 | | | 4,389 | |
|
Detection | (1,800 | ) | | 2,545 | |
|
Other | (18,787 | ) | | (14,257 | ) |
| $ | 42,451 | | | $ | 69,130 | |
|
|
|
|
|
| | | | | | | |
| March 31, | | December 31, |
2014 | 2013 |
Segment assets (accounts receivable, net and inventories): | | | |
Surveillance | $ | 271,834 | | | $ | 282,839 | |
|
Instruments | 109,957 | | | 117,336 | |
|
OEM and Emerging Markets | 85,112 | | | 88,317 | |
|
Maritime | 79,462 | | | 68,915 | |
|
Security | 36,916 | | | 45,053 | |
|
Detection | 25,778 | | | 28,832 | |
|
| $ | 609,059 | | | $ | 631,292 | |
|
Note 17. Operating Segments and Related Information - (Continued) |
Operating Segments - (Continued) |
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 |
March 31, |
| 2014 | | 2013 |
United States | $ | 161,738 | | | $ | 171,016 | |
|
Europe | 95,072 | | | 91,154 | |
|
Other international | 94,732 | | | 86,413 | |
|
| $ | 351,542 | | | $ | 348,583 | |
|
Long-lived assets by significant geographic locations are as follows (in thousands): |
|
|
| | | | | | | |
| March 31, | | December 31, |
2014 | 2013 |
United States | $ | 617,096 | | | $ | 600,261 | |
|
Europe | 346,865 | | | 359,444 | |
|
Other international | 56,648 | | | 56,040 | |
|
| $ | 1,020,609 | | | $ | 1,015,745 | |
|
|
|
Major Customers |
Revenue derived from major customers is as follows (in thousands): |
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| | | | | | | |
| Three Months Ended |
March 31, |
| 2014 | | 2013 |
US Government | $ | 71,637 | | | $ | 77,759 | |
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