Teledyne FLIR (FLIR) 10-Q 9 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Document and Entity [Abstract]
Entity Registrant Name	FLIR SYSTEMS INC
Entity Central Index Key	354,908
Trading Symbol	FLIR
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		138,134,165

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Revenue	$ 381,928	$ 375,366	$ 1,119,420	$ 1,096,288
Cost of goods sold	201,189	190,980	573,169	560,652
Gross profit	180,739	184,386	546,251	535,636
Operating expenses:
Research and development	31,050	34,022	100,898	106,655
Selling, general and administrative	73,380	76,295	231,991	241,737
Restructuring expenses	327	4,060	1,095	15,420
Total operating expenses	104,757	114,377	333,984	363,812
Earnings from operations	75,982	70,009	212,267	171,824
Interest expense	3,670	3,663	10,689	11,000
Interest income	(319)	(398)	(861)	(934)
Other expense (income), net	1,455	(3,719)	1,775	(4,987)
Earnings before income taxes	71,176	70,463	200,664	166,745
Income tax (benefit) provision	(1,896)	17,606	29,182	39,236
Net earnings	$ 73,072	$ 52,857	$ 171,482	$ 127,509
Earnings per share:
Basic	$ 0.52	$ 0.37	$ 1.23	$ 0.90
Diluted	$ 0.52	$ 0.37	$ 1.21	$ 0.89
Weighted average shares outstanding:
Basic	139,596	141,433	139,808	141,315
Diluted	140,525	143,413	141,262	143,756

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net earnings	$ 73,072	$ 52,857	$ 171,482	$ 127,509
Other comprehensive loss, net of tax:
Pension Plans	0	163	0	163
Cash flow hedges	(599)	359	(1,009)	(362)
Foreign currency translation adjustments	(16,672)	(48,994)	(52,138)	(57,800)
Total other comprehensive loss	(17,271)	(48,472)	(53,147)	(57,999)
Comprehensive income	$ 55,801	$ 4,385	$ 118,335	$ 69,510

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 525,376	$ 531,374
Accounts receivable, net	304,270	354,658
Inventories	387,113	320,605
Prepaid expenses and other current assets	90,957	93,691
Deferred income taxes, net	38,484	38,873
Total current assets	1,346,200	1,339,201
Property and equipment, net	269,724	247,094
Deferred income taxes, net	20,521	19,941
Goodwill	541,971	553,335
Intangible assets, net	118,418	133,212
Other assets	57,969	61,240
Total assets	2,354,803	2,354,023
Current liabilities:
Accounts payable	125,739	98,173
Deferred revenue	27,394	27,878
Accrued payroll and related liabilities	55,713	62,065
Accrued product warranties	13,213	13,538
Advance payments from customers	33,270	28,276
Accrued expenses	38,516	51,810
Accrued income taxes	0	4,586
Other current liabilities	5,038	8,231
Current portion, long term debt	15,000	15,000
Total current liabilities	313,883	309,557
Long-term debt	347,080	357,986
Deferred income taxes	1,012	13,905
Accrued income taxes	11,255	11,096
Other long-term liabilities	$ 56,715	$ 51,706
Commitments and contingencies
Shareholders’ equity:
Preferred stock, $0.01 par value, 10,000 shares authorized; no shares issued at September 30, 2015, and December 31 2014	$ 0	$ 0
Common stock, $0.01 par value, 500,000 shares authorized, 138,128 and 139,579 shares issued at September 30, 2015, and December 31 2014, respectively, and additional paid-in capital	1,381	1,396
Retained earnings	1,740,033	1,671,786
Accumulated other comprehensive loss	(116,556)	(63,409)
Total shareholders’ equity	1,624,858	1,609,773
Total liabilities and shareholders' equity	$ 2,354,803	$ 2,354,023

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred Stock, Par Value	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	10,000	10,000
Preferred Stock, Shares Issued	0	0
Common Stock, Par Value	$ 0.01	$ 0.01
Common Stock, Shares Authorized	500,000	500,000
Common Stock, Shares, Issued	138,128	139,579

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH PROVIDED BY OPERATING ACTIVITIES:
Net earnings	$ 171,482	$ 127,509
Income items not affecting cash:
Depreciation and amortization	36,465	44,278
Deferred income taxes	(17,238)	971
Stock-based compensation arrangements	19,449	24,006
Gain on sale of certain optics assets	0	(4,129)
Other non-cash items	4,346	3,241
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable, net	43,295	(17,422)
Increase in inventories	(72,531)	(7,196)
Decrease in prepaid expenses and other current assets	1,784	10,248
Increase in other assets	(1,775)	(26,609)
Increase in accounts payable	29,011	6,362
Decrease in deferred revenue	(106)	(2,194)
(Decrease) increase in accrued payroll and other current liabilities	(21,055)	5,795
Decrease in accrued income taxes	(957)	(2,571)
Increase in other long-term liabilities	5,309	1,111
Cash provided by operating activities	197,479	163,400
CASH USED BY INVESTING ACTIVITIES:
Additions to property and equipment, net	(50,116)	(40,928)
Proceeds from sale of certain optics assets	0	(12,000)
Cash used by investing activities	(50,116)	(28,928)
CASH USED BY FINANCING ACTIVITIES:
Repayments of long term debt, net	(11,250)	(11,250)
Repurchase of common stock	(93,381)	(76,624)
Dividends paid	(46,193)	(42,410)
Proceeds from shares issued pursuant to stock-based compensation plans	21,188	34,168
Excess tax benefit of stock options exercised	4,216	7,705
Other financing activities	(10)	(36)
Cash used by financing activities	(125,430)	(88,447)
Effect of exchange rate changes on cash	(27,931)	(23,128)
Net increase in cash and cash equivalents	(5,998)	22,897
Cash and cash equivalents, beginning of period	531,374	542,476
Cash and cash equivalents, end of period	$ 525,376	$ 565,373

Basis of Presenation

Basis of Presenation	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements of FLIR Systems, Inc. and its consolidated subsidiaries (the “Company”) are unaudited and have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of management, these statements have been prepared on the same basis as the audited consolidated financial statements and include all adjustments, consisting of only normal recurring adjustments, necessary for a fair presentation of the Company’s consolidated financial position and results of operations for the interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations. These consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014 . The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. The results of operations for the interim periods presented are not necessarily indicative of the operating results to be expected for any subsequent interim period or for the year ending December 31, 2015 .

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Sep. 30, 2015
Share-based Compensation [Abstract]
Stock-based Compensation	Stock-based Compensation Stock Incentive Plans The Company has a stock-based compensation program that provides equity incentives for employees, consultants and directors. This program includes incentive and non-statutory stock options and nonvested stock awards (referred to as restricted stock unit awards) administered by the Compensation Committee of the Board of Directors. Under the stock-based compensation program, the Company has granted time-based options, time-based restricted stock unit awards, and market-based restricted stock unit awards. Options generally expire ten years from their grant dates. Time-based options and restricted stock unit awards generally vest over a three year period. Shares issuable under market-based restricted stock unit awards are earned based upon the Company's total shareholder return compared to the total shareholder return over a three year period of the component company at the 60th percentile level in the Standard & Poor's 500 Index. Shares vested under the market-based restricted stock unit awards must be held by the participant for a period of one year from the vest date. Employee Stock Purchase Plan The Company has an Employee Stock Purchase Plan (the “ESPP”) which allows employees to purchase shares of the Company’s common stock at 85 percent of the lower of the fair market value at the date of enrollment or the fair market value at the purchase date. The ESPP provides for six-month offerings commencing on May 1 and November 1 of each year with purchases on April 30 and October 31 of each year. Shares purchased under the ESPP must be held by the purchasing plan participant for a period of at least 18 months after the date of purchase. Note 2. Stock-based Compensation - (Continued) Stock-based Compensation Expense Stock-based compensation expense recognized in the Consolidated Statements of Income are as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Cost of goods sold $ 799 $ 679 $ 2,283 $ 1,974 Research and development 1,259 1,371 3,584 3,951 Selling, general and administrative 4,454 4,752 13,582 15,486 Restructuring expenses — — — 2,595 Stock-based compensation expense $ 6,512 $ 6,802 $ 19,449 $ 24,006 Stock-based compensation costs capitalized in inventory are as follows (in thousands): September 30, 2015 2014 Capitalized in inventory $ 667 $ 665 As of September 30, 2015 , the Company had $42.5 million of total unrecognized stock-based compensation costs, net of estimated forfeitures, to be recognized over a weighted average period of 2.1 years.

Net Earnings Per Share

Net Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Net Earnings Per Share	Net Earnings Per Share The following table sets forth the reconciliation of the numerator and denominator utilized in the computation of basic and diluted earnings per share (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Numerator for earnings per share: Net earnings for basic and diluted earnings per share $ 73,072 $ 52,857 $ 171,482 $ 127,509 Denominator for earnings per share: Weighted average number of common shares outstanding 139,596 141,433 139,808 141,315 Assumed exercises of stock options and vesting of restricted stock awards, net of shares assumed reacquired under the treasury stock method 929 1,980 1,454 2,441 Weighted average diluted shares outstanding 140,525 143,413 141,262 143,756 The effect of outstanding stock-based compensation awards for the three and nine months ended September 30, 2015 , which in the aggregate consisted of 457,000 and 316,000 shares, respectively, and for the three and nine months ended September 30, 2014 , which in the aggregate consisted of 142,000 and 85,000 shares, respectively, have been excluded for purposes of calculating diluted earnings per share since their inclusion would have had an anti-dilutive effect.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Factors used in determining the fair value of our financial assets and liabilities are summarized into three broad categories in accordance with FASB ASC Topic 820, “Fair Value Measurement”: Level 1 – quoted prices in active markets for identical securities as of the reporting date; Level 2 – other significant directly or indirectly observable inputs, including quoted prices for similar securities, interest rates, prepayment speeds and credit risk; and Level 3 – significant inputs that are generally less observable than objective sources, including our own assumptions in determining fair value. The factors and methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The Company had $28.7 million and $29.8 million of cash equivalents at September 30, 2015 and December 31, 2014 , respectively, which were primarily investments in money market funds. The Company has categorized its cash equivalents as a Level 1 financial asset, measured at fair value based on quoted prices in active markets of identical assets. The fair values of the Company’s foreign currency forward contracts and interest rate swap contracts as of September 30, 2015 and December 31, 2014 are disclosed in Note 5, "Derivative Financial Instruments," of the Notes to the Consolidated Financial Statements below and are based on Level 2 inputs. The fair value of the Company’s senior unsecured notes as described in Note 13, "Long-Term Debt," of the Notes to the Consolidated Financial Statements is approximately $255.6 million based upon Level 2 inputs at September 30, 2015 . The fair value of the Company's term loan, also described in Note 13, approximates the carrying value due to the variable market rate used to calculate interest payments. The Company does not have any other significant financial assets or liabilities that are measured at fair value.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Derivative Financial Instruments Foreign Currency Exchange Rate Contracts In general, the gains and losses related to the Company's foreign currency exchange rate contracts recorded in other expense (income), net are offset by the reciprocal gains and losses from the underlying assets or liabilities which originally gave rise to the exposure. The net losses for the three and nine months ended September 30, 2015 were $8.9 million and $7.0 million , respectively. The net losses for the three and nine months ended September 30, 2014 were $2.8 million and $5.7 million , respectively. The following table provides volume information about the Company's foreign currency exchange rate contracts. The table below presents the net notional amounts of the Company's outstanding foreign currency forward contracts in United States dollar equivalent amounts (in thousands): September 30, December 31, Swedish kronor $ 71,088 $ 67,809 British pound sterling 41,396 14,928 Canadian dollar 20,852 17,446 Brazilian real 6,240 2,449 Australian dollar 3,830 6,566 Japanese yen 3,765 3,718 Euro 1,441 5,391 Other 176 701 $ 148,788 $ 119,008 At September 30, 2015 , the Company’s foreign currency forward contracts, in general, had maturities of three months or less. Note 5. Derivative Financial Instruments - (Continued) Foreign Currency Exchange Rate Contracts - (Continued) The carrying amount of the foreign currency forward contracts included in the Consolidated Balance Sheets are as follows (in thousands): September 30, 2015 December 31, 2014 Other current assets Other current liabilities Other current assets Other current liabilities Foreign currency forward contracts $ 429 $ 2,080 $ 112 $ 3,247 Interest Rate Swap Contracts At September 30, 2015 , the effective interest rate on the Company's term loan was 2.49 percent . As of September 30, 2015 , the following interest rate swaps were outstanding: Contract Date Notional Amount (in millions) Fixed Rate Effective Date Maturity Date March 15, 2013 $ 56.3 1.02 % April 5, 2013 March 31, 2019 March 29, 2013 $ 56.3 0.97 % April 5, 2013 March 31, 2019 The net fair value carrying amount of the Company's interest rate swaps was a liability of $0.3 million , of which $0.3 million and $0.6 million have been recorded to other assets and other current liabilities , respectively, in the Consolidated Balance Sheet as of September 30, 2015 .

Accounts Receivable

Accounts Receivable	9 Months Ended
	Sep. 30, 2015
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Accounts Receivable	Accounts Receivable Accounts receivable are net of an allowance for doubtful accounts of $8.0 million at both September 30, 2015 and December 31, 2014 .

Inventories

Inventories	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following (in thousands): September 30, December 31, Raw material and subassemblies $ 201,777 $ 181,618 Work-in-progress 49,712 37,139 Finished goods 135,624 101,848 $ 387,113 $ 320,605

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment are net of accumulated depreciation of $256.6 million and $248.2 million at September 30, 2015 and December 31, 2014 , respectively. Property and equipment, net, as of September 30, 2015 , includes land and a building valued at approximately $2.2 million that are held for sale.

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2015
Disclosure - Goodwill - Additional Information [Abstract]
Goodwill	Goodwill During the third quarter of 2015, the Company completed its annual review of goodwill and determined there had been no impairment on its recorded goodwill. The carrying value of goodwill and the activity for the nine months ended September 30, 2015 are as follows (in thousands): Balance, December 31, 2014 $ 553,335 Currency translation adjustments (11,364 ) Balance, September 30, 2015 $ 541,971 See Note 17, "Operating Segments and Related Information - Operating Segments, " of the Notes to the Consolidated Financial Statements for additional information on the carrying value of goodwill by operating segment at September 30, 2015 .

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2015
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	Intangible Assets Intangible assets are net of accumulated amortization of $86.7 million and $75.1 million at September 30, 2015 and December 31, 2014 , respectively.

Credit Agreements

Credit Agreements	9 Months Ended
	Sep. 30, 2015
Line of Credit Facility [Abstract]
Credit Agreements	Credit Agreement At September 30, 2015 , the Company had no borrowings outstanding under its revolving credit facility pursuant to the Credit Agreement, dated February 8, 2011, with Bank of America, N.A., U.S. Bank National Association, JPMorgan Chase Bank N.A. and other lenders, as amended, and had $42.7 million of letters of credit outstanding, which reduced the available credit under the revolving credit facility to $157.3 million .

Accrued Product Warranties

Accrued Product Warranties	9 Months Ended
	Sep. 30, 2015
Product Warranties Disclosures [Abstract]
Accrued Product Warranties	Accrued Product Warranties The following table summarizes the Company’s accrued product warranties and activity (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Accrued product warranties, beginning of period $ 16,023 $ 15,989 $ 16,175 $ 17,732 Amounts paid for warranty services (1,907 ) (2,368 ) (5,678 ) (7,131 ) Warranty provisions for products sold 1,745 2,254 5,529 5,546 Currency translation adjustments and other (25 ) (343 ) (190 ) (615 ) Accrued product warranties, end of period $ 15,836 $ 15,532 $ 15,836 $ 15,532 Current accrued product warranties, end of period $ 13,213 $ 12,881 Long-term accrued product warranties, end of period $ 2,623 $ 2,651

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following (in thousands): September 30, December 31, Unsecured notes $ 250,000 $ 250,000 Term loan 112,500 123,750 Unamortized discounts and issuance costs of unsecured notes (420 ) (764 ) $ 362,080 $ 372,986 Current portion, long-term debt $ 15,000 $ 15,000 Long-term debt $ 347,080 $ 357,986 In August 2011, the Company issued $250 million aggregate principal amount of its 3.75 percent senior unsecured notes due September 1, 2016 (the “Notes”). The net proceeds from the issuance of the Notes were approximately $247.7 million , after deducting underwriting discounts and offering expenses, which are being amortized over a period of five years. Interest on the Notes is payable semiannually in arrears on March 1 and September 1 . The proceeds from the Notes are being used for general corporate purposes, which may include working capital and capital expenditure needs, business acquisitions and repurchases of the Company’s common stock. The Credit Agreement discussed in Note 11, "Credit Agreement," of the Notes to the Consolidated Financial Statements above, incorporates a $150 million term loan facility that matures on April 5, 2019 . On April 5, 2013 the Company drew down $150 million under the term loan facility. Interest is accrued at the one-month LIBOR rate plus the scheduled spread and paid monthly . Quarterly principal payments of $3.75 million commenced on June 30, 2013 and will continue through December 31, 2018 with the final maturity payment including any accrued interest due on April 5, 2019 . See Note 5, "Derivative Financial Instruments - Interest Rate Swap Contracts ," of the Notes to the Consolidated Financial Statements for additional information on the effective interest rate on the term loan at September 30, 2015 .

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ Equity The following table summarizes the common stock and additional paid-in capital activity during the nine months ended September 30, 2015 (in thousands): Common stock and additional paid-in capital, December 31, 2014 $ 1,396 Income tax benefit of common stock options exercised 3,487 Common stock issued pursuant to stock-based compensation plans, net 13,475 Stock-based compensation arrangements 19,362 Repurchase of common stock (36,339 ) Common stock and additional paid-in capital, September 30, 2015 $ 1,381 On February 5, 2015 , the Company's Board of Directors authorized the repurchase of up to 15.0 million shares of the Company's outstanding common stock in the open market or through privately negotiated transactions. The authorization will expire on February 5, 2017 . During the nine months ended September 30, 2015 , the Company repurchased 3.2 million shares through open market transactions for a total of $93.4 million, of which $36.3 million reduced common stock and additional paid in capital and $57.0 million reduced retained earnings. On September 4, 2015 , the Company paid a dividend of $0.11 per share on its outstanding common stock to the shareholders of record as of the close of business on August 21, 2015 . The total cash payments for dividends during the nine months ended September 30, 2015 were $46.2 million .

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2015
Loss Contingency [Abstract]
Contingencies	Contingencies FLIR Systems, Inc. and its subsidiary, Indigo Systems Corporation (now known as FLIR Commercial Systems, Inc.) (together, the “FLIR Parties”), were named in a lawsuit filed by Raytheon Company (“Raytheon”) on March 2, 2007 in the United States District Court for the Eastern District of Texas. Raytheon's complaint, as amended, asserted claims for tortious interference, patent infringement, trade secret misappropriation, unfair competition, breach of contract and fraudulent concealment. The FLIR Parties filed an answer to the complaint on September 2, 2008, in which they denied all material allegations. On October 27, 2010, the FLIR Parties and Raytheon entered into a settlement agreement that resolved the patent infringement claims (the "Patent Claims") pursuant to which the FLIR Parties paid $3 million to Raytheon and entitles the FLIR Parties to certain license rights in the patents that were the subject of the Patent Claims. On October 28, 2014, a four-week trial began with respect to Raytheon's remaining claims of misappropriations of trade secrets and claims related to 31 alleged trade secrets. On November 24, 2014, a jury in the United States District Court for the Eastern District of Texas rejected Raytheon’s claims and determined that 27 of the alleged trade secrets were not in fact trade secrets and that neither Indigo, prior to its acquisition by FLIR Systems, Inc., nor FLIR Systems, Inc. infringed any of the trade secrets claimed and awarded Raytheon no damages. The court has yet to rule on any post-trial motion seeking to modify the jury verdict or on the FLIR Parties' motion for an award of attorney’s fees in the amount of $28 million as a prevailing party under the Texas Theft Liability Act. The matter remains ongoing and is subject to appeal and the Company is unable to estimate the amount or range of potential loss or recovery, if any, which might result if the final determination of this matter is favorable or unfavorable, but an adverse ruling on the merits of the original claims against the FLIR Parties, while remote, could be material. On October 22, 2014, the Company initially contacted the United States Department of State Office of Defense Trade Controls Compliance (“DDTC”), pursuant to International Traffic in Arms Regulation (“ITAR”) § 127.12(c), regarding the unauthorized export of technical data and defense services to dual and third country nationals in at least four facilities of the Company. On April 27, 2015, the Company submitted its initial report to DDTC regarding the details of the issues raised in the October 22, 2014 submission. DDTC subsequently notified the Company that it was considering administrative proceedings under Part 128 of ITAR and requested a tolling agreement, which the Company executed on June 16, 2015. DDTC continues its review and the Company is unable to reasonably estimate the time it may take to resolve the matter or the amount or range of potential loss, penalty or other government action, if any, that may be incurred in connection with this matter. However, an unfavorable outcome could potentially be material to the financial condition and results of operations of the Company in the period in which such an outcome becomes estimable or known.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Income tax (benefit) provision $ (1,896 ) $ 17,606 $ 29,182 $ 39,236 Effective tax rate (2.7 )% 25.0 % 14.5 % 23.5 % The effective tax rates are lower than the US Federal tax rate of 35 percent because of the mix of lower foreign jurisdiction tax rates, the effect of federal, foreign and state tax credits and discrete adjustments. The effective tax rate for the three and nine months ended September 30, 2015 included a discrete tax benefit from the recognition of a valuation allowance release of $17.4 million . As of September 30, 2015 , the Company had approximately $11.3 million of unrecognized tax benefits, all of which would affect the Company’s effective tax rate if recognized. The Company anticipates an immaterial portion of its net unrecognized tax benefits will be recognized within 12 months as the result of settlements or effective settlements with various tax authorities, the closure of certain audits and the lapse of the applicable statute of limitations. The Company classifies interest and penalties related to uncertain tax positions as income tax expense. As of September 30, 2015 , the Company had approximately $1.1 million of net accrued interest and penalties related to uncertain tax positions. Note 16. Income Taxes - (Continued) The Company currently has the following tax years open to examination by major taxing jurisdictions: Tax Years: US Federal 2012 – 2014 State of Oregon 2012 – 2014 State of Massachusetts 2011 – 2014 State of California 2012 – 2014 Sweden 2011 – 2014 United Kingdom 2011 – 2014 Belgium 2011 – 2014

Operating Segments and Related

Operating Segments and Related Information	9 Months Ended
	Sep. 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 applicable prior periods 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 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. 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, 2015 2014 2015 2014 (as reclassified) (as reclassified) Revenue – External Customers: Surveillance $ 131,598 $ 125,343 $ 352,312 $ 362,073 Instruments 74,796 82,561 248,877 250,583 OEM and Emerging Markets 51,448 49,888 137,568 148,927 Maritime 38,920 44,728 141,922 152,533 Security 59,331 48,648 158,185 122,692 Detection 25,835 24,198 80,556 59,480 $ 381,928 $ 375,366 $ 1,119,420 $ 1,096,288 Revenue – Intersegments: Surveillance $ 2,653 $ 2,659 $ 8,400 $ 6,642 Instruments 777 74 2,687 548 OEM and Emerging Markets 8,020 4,721 25,778 15,277 Maritime 85 804 1,667 2,308 Security 2,386 2,971 10,393 7,361 Detection — 4 — 64 Elimination (13,921 ) (11,233 ) (48,925 ) (32,200 ) $ — $ — $ — $ — Earnings (loss) from operations: Surveillance $ 39,918 $ 33,393 $ 96,464 $ 79,293 Instruments 21,555 23,191 77,959 64,678 OEM and Emerging Markets 14,233 12,798 33,507 35,518 Maritime 1,848 4,614 13,058 23,159 Security 7,222 6,988 18,911 14,560 Detection 5,290 4,167 17,349 5,519 Other (14,084 ) (15,142 ) (44,981 ) (50,903 ) $ 75,982 $ 70,009 $ 212,267 $ 171,824 Note 17. Operating Segments and Related Information - (Continued) Operating Segments - (Continued) September 30, December 31, (as reclassified) Segment assets (accounts receivable, net and inventories): Surveillance $ 284,147 $ 309,473 Instruments 121,995 119,629 OEM and Emerging Markets 91,582 79,053 Maritime 72,802 67,775 Security 90,271 59,182 Detection 30,586 40,151 $ 691,383 $ 675,263 September 30, December 31, (as reclassified) Segment goodwill: Surveillance $ 120,358 $ 121,268 Instruments 150,803 155,527 OEM and Emerging Markets 70,470 72,687 Maritime 107,883 109,980 Security 44,322 45,710 Detection 48,135 48,163 $ 541,971 $ 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 United States 216,237 192,495 587,637 559,058 Canada/Latin America 23,825 20,870 60,224 69,349 Europe 66,207 82,253 255,331 256,908 Middle East/Africa 37,253 42,287 89,830 91,506 Asia 38,406 37,461 126,398 119,467 $ 381,928 $ 375,366 $ 1,119,420 $ 1,096,288 Note 17. Operating Segments and Related Information - (Continued) Long-lived assets by significant geographic locations are as follows (in thousands): September 30, December 31, United States $ 636,965 $ 623,522 Europe 338,670 319,661 Other international 12,447 51,698 $ 988,082 $ 994,881 Major Customers Revenue derived from major customers is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 US Government $ 79,297 $ 77,496 $ 208,742 $ 227,715

Restructuring Costs (Notes)

Restructuring Costs (Notes)	9 Months Ended
	Sep. 30, 2015
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	Restructuring Costs In 2013, the Company initiated a realignment plan that includes closing six sites in the United States and Europe and transferring those operations to the Company's larger facilities. The Company also consolidated its optics and laser manufacturing businesses to better realize the benefits of vertical integration in these areas. As of September 30, 2015 , most of the restructuring activities have been completed, with remaining costs and accrued expenses primarily related to the closure of a European facility. During the three and nine months ended September 30, 2015 , the Company recorded net pre-tax restructuring expenses totaling $0.3 million and $1.1 million , respectively. During the three and nine months ended September 30, 2014 , the Company recorded net pre-tax restructuring expenses totaling $4.1 million and $16.0 million , respectively. The Company recorded the restructuring expenses in the segments as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Surveillance $ 148 $ 358 $ 225 $ 5,082 Instruments 223 3,674 907 9,868 OEM and Emerging Markets (24 ) — (22 ) 278 Maritime — 28 — (97 ) Detection (19 ) — (15 ) 759 Other — — — 120 $ 328 $ 4,060 $ 1,095 $ 16,010 Restructuring expenses were recorded in the Consolidated Statements of Income as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Cost of goods sold $ — $ — $ — $ 590 Restructuring expenses 328 4,060 1,095 15,420 $ 328 $ 4,060 $ 1,095 $ 16,010 Note 18. Restructuring Costs - (Continued) The following table summarizes the activity by cost type (in thousands): Severance and personnel costs Facilities Exit, Lease Terminations & Other Total Balance, December 31, 2014 $ 10,941 $ 1,485 $ 12,426 Additional costs 277 37 314 Utilization (3,524 ) (1,040 ) (4,564 ) Balance, March 31, 2015 $ 7,694 $ 482 $ 8,176 Additional costs 82 371 453 Utilization (2,394 ) (371 ) (2,765 ) Balance, June 30, 2015 $ 5,382 $ 482 $ 5,864 Additional costs 269 59 328 Utilization (1,593 ) (148 ) (1,741 ) Balance, September 30, 2015 $ 4,058 $ 393 $ 4,451

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On October 22, 2015 , the Company’s Board of Directors declared a quarterly dividend of $0.11 per share on its common stock, payable on December 4, 2015 , to shareholders of record as of the close of business on November 20, 2015 . The total cash payment of this dividend will be approximately $15.2 million . On November 2, 2015, the Company sold its investment in a private company and anticipates a pre-tax gain of approximately $20.2 million in the fourth quarter as a result of the sale.

Basis of Presenation Basis of P

Basis of Presenation Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of consolidation	The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.

Stock-based Compensation (Table

Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2015
Share-based Compensation [Abstract]
Stock-based compensation expense recognized in the Consolidated Statements of Income and capitalized in the Consolidated Balance Sheets	Stock-based compensation expense recognized in the Consolidated Statements of Income are as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Cost of goods sold $ 799 $ 679 $ 2,283 $ 1,974 Research and development 1,259 1,371 3,584 3,951 Selling, general and administrative 4,454 4,752 13,582 15,486 Restructuring expenses — — — 2,595 Stock-based compensation expense $ 6,512 $ 6,802 $ 19,449 $ 24,006 Stock-based compensation costs capitalized in inventory are as follows (in thousands): September 30, 2015 2014 Capitalized in inventory $ 667 $ 665

Net Earnings Per Share (Tables)

Net Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Reconciliation of the numerator and denominator utilized in the computation of basic and diluted earnings per share	The following table sets forth the reconciliation of the numerator and denominator utilized in the computation of basic and diluted earnings per share (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Numerator for earnings per share: Net earnings for basic and diluted earnings per share $ 73,072 $ 52,857 $ 171,482 $ 127,509 Denominator for earnings per share: Weighted average number of common shares outstanding 139,596 141,433 139,808 141,315 Assumed exercises of stock options and vesting of restricted stock awards, net of shares assumed reacquired under the treasury stock method 929 1,980 1,454 2,441 Weighted average diluted shares outstanding 140,525 143,413 141,262 143,756

Derivative Financial Instrume29

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Notional amounts of outstanding foreign currency forward contracts by currency	in United States dollar equivalent amounts (in thousands): September 30, December 31, Swedish kronor $ 71,088 $ 67,809 British pound sterling 41,396 14,928 Canadian dollar 20,852 17,446 Brazilian real 6,240 2,449 Australian dollar 3,830 6,566 Japanese yen 3,765 3,718 Euro 1,441 5,391 Other 176 701 $ 148,788 $ 119,008
Fair value carrying amount of derivative instruments included in consolidated balance sheets	The carrying amount of the foreign currency forward contracts included in the Consolidated Balance Sheets are as follows (in thousands): September 30, 2015 December 31, 2014 Other current assets Other current liabilities Other current assets Other current liabilities Foreign currency forward contracts $ 429 $ 2,080 $ 112 $ 3,247
Interest rate swaps outstanding	As of September 30, 2015 , the following interest rate swaps were outstanding: Contract Date Notional Amount (in millions) Fixed Rate Effective Date Maturity Date March 15, 2013 $ 56.3 1.02 % April 5, 2013 March 31, 2019 March 29, 2013 $ 56.3 0.97 % April 5, 2013 March 31, 2019

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories consist of the following (in thousands): September 30, December 31, Raw material and subassemblies $ 201,777 $ 181,618 Work-in-progress 49,712 37,139 Finished goods 135,624 101,848 $ 387,113 $ 320,605

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure - Goodwill - Additional Information [Abstract]
Carrying value of goodwill by reporting segment and the activity	The carrying value of goodwill and the activity for the nine months ended September 30, 2015 are as follows (in thousands): Balance, December 31, 2014 $ 553,335 Currency translation adjustments (11,364 ) Balance, September 30, 2015 $ 541,971

Accrued Product Warrenties (Tab

Accrued Product Warrenties (Tables)	9 Months Ended
	Sep. 30, 2015
Product Warranties Disclosures [Abstract]
Summay of warranty liability and activity	The following table summarizes the Company’s accrued product warranties and activity (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Accrued product warranties, beginning of period $ 16,023 $ 15,989 $ 16,175 $ 17,732 Amounts paid for warranty services (1,907 ) (2,368 ) (5,678 ) (7,131 ) Warranty provisions for products sold 1,745 2,254 5,529 5,546 Currency translation adjustments and other (25 ) (343 ) (190 ) (615 ) Accrued product warranties, end of period $ 15,836 $ 15,532 $ 15,836 $ 15,532 Current accrued product warranties, end of period $ 13,213 $ 12,881 Long-term accrued product warranties, end of period $ 2,623 $ 2,651

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consists of the following (in thousands): September 30, December 31, Unsecured notes $ 250,000 $ 250,000 Term loan 112,500 123,750 Unamortized discounts and issuance costs of unsecured notes (420 ) (764 ) $ 362,080 $ 372,986 Current portion, long-term debt $ 15,000 $ 15,000 Long-term debt $ 347,080 $ 357,986

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity Note [Abstract]
Common stock and additional paid-in capital activity	The following table summarizes the common stock and additional paid-in capital activity during the nine months ended September 30, 2015 (in thousands): Common stock and additional paid-in capital, December 31, 2014 $ 1,396 Income tax benefit of common stock options exercised 3,487 Common stock issued pursuant to stock-based compensation plans, net 13,475 Stock-based compensation arrangements 19,362 Repurchase of common stock (36,339 ) Common stock and additional paid-in capital, September 30, 2015 $ 1,381

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Tax years open to examination by major taxing jurisdictions	The Company currently has the following tax years open to examination by major taxing jurisdictions: Tax Years: US Federal 2012 – 2014 State of Oregon 2012 – 2014 State of Massachusetts 2011 – 2014 State of California 2012 – 2014 Sweden 2011 – 2014 United Kingdom 2011 – 2014 Belgium 2011 – 2014

Operating Segments and Relate36

Operating Segments and Related Information (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Operating Segment Information	Operating segment information is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (as reclassified) (as reclassified) Revenue – External Customers: Surveillance $ 131,598 $ 125,343 $ 352,312 $ 362,073 Instruments 74,796 82,561 248,877 250,583 OEM and Emerging Markets 51,448 49,888 137,568 148,927 Maritime 38,920 44,728 141,922 152,533 Security 59,331 48,648 158,185 122,692 Detection 25,835 24,198 80,556 59,480 $ 381,928 $ 375,366 $ 1,119,420 $ 1,096,288 Revenue – Intersegments: Surveillance $ 2,653 $ 2,659 $ 8,400 $ 6,642 Instruments 777 74 2,687 548 OEM and Emerging Markets 8,020 4,721 25,778 15,277 Maritime 85 804 1,667 2,308 Security 2,386 2,971 10,393 7,361 Detection — 4 — 64 Elimination (13,921 ) (11,233 ) (48,925 ) (32,200 ) $ — $ — $ — $ — Earnings (loss) from operations: Surveillance $ 39,918 $ 33,393 $ 96,464 $ 79,293 Instruments 21,555 23,191 77,959 64,678 OEM and Emerging Markets 14,233 12,798 33,507 35,518 Maritime 1,848 4,614 13,058 23,159 Security 7,222 6,988 18,911 14,560 Detection 5,290 4,167 17,349 5,519 Other (14,084 ) (15,142 ) (44,981 ) (50,903 ) $ 75,982 $ 70,009 $ 212,267 $ 171,824
Segment Assets	September 30, December 31, (as reclassified) Segment assets (accounts receivable, net and inventories): Surveillance $ 284,147 $ 309,473 Instruments 121,995 119,629 OEM and Emerging Markets 91,582 79,053 Maritime 72,802 67,775 Security 90,271 59,182 Detection 30,586 40,151 $ 691,383 $ 675,263 September 30, December 31, (as reclassified) Segment goodwill: Surveillance $ 120,358 $ 121,268 Instruments 150,803 155,527 OEM and Emerging Markets 70,470 72,687 Maritime 107,883 109,980 Security 44,322 45,710 Detection 48,135 48,163 $ 541,971 $ 553,335
By Significant Geographical 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, 2015 2014 2015 2014 United States 216,237 192,495 587,637 559,058 Canada/Latin America 23,825 20,870 60,224 69,349 Europe 66,207 82,253 255,331 256,908 Middle East/Africa 37,253 42,287 89,830 91,506 Asia 38,406 37,461 126,398 119,467 $ 381,928 $ 375,366 $ 1,119,420 $ 1,096,288 Note 17. Operating Segments and Related Information - (Continued) Long-lived assets by significant geographic locations are as follows (in thousands): September 30, December 31, United States $ 636,965 $ 623,522 Europe 338,670 319,661 Other international 12,447 51,698 $ 988,082 $ 994,881
Revenue Derived from Major Customers	Revenue derived from major customers is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 US Government $ 79,297 $ 77,496 $ 208,742 $ 227,715

Restructuring Costs (Tables)

Restructuring Costs (Tables)	9 Months Ended
	Sep. 30, 2015
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs [Table Text Block]	In 2013, the Company initiated a realignment plan that includes closing six sites in the United States and Europe and transferring those operations to the Company's larger facilities. The Company also consolidated its optics and laser manufacturing businesses to better realize the benefits of vertical integration in these areas. As of September 30, 2015 , most of the restructuring activities have been completed, with remaining costs and accrued expenses primarily related to the closure of a European facility. During the three and nine months ended September 30, 2015 , the Company recorded net pre-tax restructuring expenses totaling $0.3 million and $1.1 million , respectively. During the three and nine months ended September 30, 2014 , the Company recorded net pre-tax restructuring expenses totaling $4.1 million and $16.0 million , respectively. The Company recorded the restructuring expenses in the segments as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Surveillance $ 148 $ 358 $ 225 $ 5,082 Instruments 223 3,674 907 9,868 OEM and Emerging Markets (24 ) — (22 ) 278 Maritime — 28 — (97 ) Detection (19 ) — (15 ) 759 Other — — — 120 $ 328 $ 4,060 $ 1,095 $ 16,010 Restructuring expenses were recorded in the Consolidated Statements of Income as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Cost of goods sold $ — $ — $ — $ 590 Restructuring expenses 328 4,060 1,095 15,420 $ 328 $ 4,060 $ 1,095 $ 16,010 Note 18. Restructuring Costs - (Continued) The following table summarizes the activity by cost type (in thousands): Severance and personnel costs Facilities Exit, Lease Terminations & Other Total Balance, December 31, 2014 $ 10,941 $ 1,485 $ 12,426 Additional costs 277 37 314 Utilization (3,524 ) (1,040 ) (4,564 ) Balance, March 31, 2015 $ 7,694 $ 482 $ 8,176 Additional costs 82 371 453 Utilization (2,394 ) (371 ) (2,765 ) Balance, June 30, 2015 $ 5,382 $ 482 $ 5,864 Additional costs 269 59 328 Utilization (1,593 ) (148 ) (1,741 ) Balance, September 30, 2015 $ 4,058 $ 393 $ 4,451

Stock-based Compensation (Detai

Stock-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 6,512	$ 6,802	$ 19,449	$ 24,006
Cost of goods sold
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	799	679	2,283	1,974
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	1,259	1,371	3,584	3,951
Selling, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	4,454	4,752	13,582	15,486
Restructuring Charges
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 0	$ 0	$ 0	$ 2,595

Stock-based Compensation (Det39

Stock-based Compensation (Details 2) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]
Capitalized in inventory	$ 667	$ 665

Stock-based Compensation (Det40

Stock-based Compensation (Details textual) $ in Millions	3 Months Ended
	Sep. 30, 2015USD ($)
Share-based Compensation [Abstract]
Unrecognized stock-based compensation costs, net of estimated forfeitures	$ 42.5
Weighted average period of unrecognized stock-based compensation costs, net of estimated forfeitures	2 years 1 month 6 days

Net Earnings Per Share (Details

Net Earnings Per Share (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator for earnings per share:
Net earnings for basic and diluted earnings per share	$ 73,072	$ 52,857	$ 171,482	$ 127,509
Denominator for earnings per share:
Weighted average number of common shares outstanding	139,596	141,433	139,808	141,315
Assumed exercises of stock options and vesting of restricted stock awards, net of shares assumed reacquired under the treasury stock method	929	1,980	1,454	2,441
Weighted average diluted shares outstanding	140,525	143,413	141,262	143,756

Net Earnings Per Share (Detai42

Net Earnings Per Share (Details textual) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Effect of stock-based compensation awards, shares excluded for purposes of diluted earnings per share	457,000	142,000	316,000	85,000

Fair Value of Financial Instr43

Fair Value of Financial Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Level 1
Schedule of Trading Securities and Other Trading Assets [Line Items]
Cash equivalents	$ 28.7	$ 29.8
Three Point Seven Five Percent Senior Unsecured Notes Due September First, Twenty Sixteen [Member] | Level 2
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair value of long-term debt	$ 255.6

Derivative Financial Instrume44

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Derivative, Notional Amount	$ 148,788	$ 119,008
Swedish kronor
Derivative, Notional Amount	71,088	67,809
British pound sterling
Derivative, Notional Amount	41,396	14,928
Canada, Dollars
Derivative, Notional Amount	20,852	17,446
Brazil, Brazil Real
Derivative, Notional Amount	6,240	2,449
Australian dollar
Derivative, Notional Amount	3,830	6,566
Japan, Yen
Derivative, Notional Amount	3,765	3,718
Euro
Derivative, Notional Amount	1,441	5,391
Other
Derivative, Notional Amount	$ 176	$ 701

Derivative Financial Instrume45

Derivative Financial Instruments (Details 2) - Level 2 - Foreign currency forward contracts - Not Designated as Hedging Instrument - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Other current assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 429	$ 112
Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 2,080	$ 3,247

Derivative Financial Instrume46

Derivative Financial Instruments (Details 3) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Derivative [Line Items]
Derivative, Notional Amount	$ 148,788	$ 119,008
Interest Rate Swap [Member] | March 15, 2013 Interest rate swap [Member]
Derivative [Line Items]
Contract date	Mar. 15, 2013
Derivative, Notional Amount	$ 56,300
Fixed rate	1.02%
Effective date	Apr. 5, 2013
Maturity date	Mar. 31, 2019
Interest Rate Swap [Member] | March 29, 2013 Interest rate swap [Member]
Derivative [Line Items]
Contract date	Mar. 29, 2013
Derivative, Notional Amount	$ 56,300
Fixed rate	0.97%
Effective date	Apr. 5, 2013
Maturity date	Mar. 31, 2019

Derivative Financial Instrume47

Derivative Financial Instruments (Details textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Derivative [Line Items]
Net gain (loss)	$ (8.9)	$ (2.8)	$ (7)	$ (5.7)
Maturities of foreign currency forward contracts			3 months
Level 2 | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Net	(0.3)		$ (0.3)
Level 2 | Interest Rate Swap [Member] | Other current assets
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	0.3		0.3
Level 2 | Interest Rate Swap [Member] | Other current liabilities
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Liability	$ 0.6		$ 0.6
Term loan facility [Member]
Derivative [Line Items]
Effective interest rate	2.49%		2.49%

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Allowance for doubtful accounts receivable	$ 8	$ 8

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Raw material and subassemblies	$ 201,777	$ 181,618
Work-in-progress	49,712	37,139
Finished goods	135,624	101,848
Total inventories	$ 387,113	$ 320,605

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Accumulated depreciation	$ 256.6	$ 248.2
Assets Held-for-sale, Property, Plant and Equipment	$ 2.2

Goodwill (Details)

Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Goodwill [Roll Forward]
Goodwill, beginning of period	$ 553,335
Currency translation adjustments	(11,364)
Goodwill, end of period	$ 541,971

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated amortization	$ 86.7	$ 75.1

Credit Agreements (Details)

Credit Agreements (Details) $ in Millions	Sep. 30, 2015USD ($)
Line of Credit Facility [Abstract]
Letters of credit outstanding	$ 42.7
Total available credit	$ 157.3

Accrued Product Warrenties (Det

Accrued Product Warrenties (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Movement in Standard Product Warranty Accrual [Roll Forward]
Accrued product warranties, beginning of period	$ 16,023	$ 15,989	$ 16,175	$ 17,732
Amounts paid for warranty services	(1,907)	(2,368)	(5,678)	(7,131)
Warranty provisions for products sold	1,745	2,254	5,529	5,546
Currency translation adjustments and other	(25)	(343)	(190)	(615)
Accrued product warranties, end of period	15,836	15,532	15,836	15,532
Current accrued product warranties, end of period	13,213	12,881	13,213	12,881	$ 13,538
Long-term accrued product warranties, end of period	$ 2,623	$ 2,651	$ 2,623	$ 2,651

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Unsecured notes	$ 250,000	$ 250,000
Term loan	112,500	123,750
Unamortized discounts and issuance costs of unsecured notes	(420)	(764)
Long-term Debt	362,080	372,986
Current portion, long term debt	15,000	15,000
Long-term debt	$ 347,080	$ 357,986

Long Term Debt (Details textual

Long Term Debt (Details textual) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended
	Apr. 30, 2013	Aug. 31, 2011	Sep. 30, 2015	Apr. 05, 2013
Debt Instrument [Line Items]
Senior unsecured notes, term (in years)		5 years
Three Point Seven Five Percent Senior Unsecured Notes Due September First, Twenty Sixteen [Member]
Debt Instrument [Line Items]
Debt instrument, face amount		$ 250,000
Debt instrument, interest rate, stated percentage		3.75%
Debt instrument, maturity date		Sep. 1, 2016
Senior unsecured notes, proceeds		$ 247,700
Debt instrument, frequency of periodic payment		semiannually
Senior unsecured notes, interest payment dates		March 1 and September 1
Term loan facility [Member]
Debt Instrument [Line Items]
Debt instrument, face amount				$ 150,000
Debt instrument, maturity date	Apr. 5, 2019
Debt instrument, frequency of periodic payment	monthly
Debt Instrument, Description of Variable Rate Basis	Interest is accrued at the one-month LIBOR rate plus the scheduled spread
Debt Instrument, Date of First Required Payment	Jun. 30, 2013
Long-term Debt [Member]
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment, Principal			$ 3,750

Shareholders' Equity (Details)

Shareholders' Equity (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Stockholders' Equity Note [Abstract]
Common stock and additional paid-in capital, beginning of period	$ 1,396
Income tax benefit of common stock options exercised	3,487
Common stock issued pursuant to stock-based compensation plans, net	13,475
Stock-based compensation arrangements	19,362
Repurchase of common stock	(36,339)
Common stock and additional paid-in capital, end of period	$ 1,381

Shareholders' Equity (Details t

Shareholders' Equity (Details textual) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Sep. 04, 2015	Sep. 30, 2015	Sep. 30, 2015	Feb. 05, 2015
Stockholders Equity Note [Line Items]
Common stock authorized to be repurchased, number of shares (in shares)				15
Common stock repurchased, shares		3.2
Common stock dividends, paid per share (in dollars per share)	$ 0.11
Retained Earnings
Stockholders Equity Note [Line Items]
Common stock dividends, total cash paid			$ 46.2

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2015	Dec. 31, 2010
Loss Contingency [Abstract]
Litigation settlement payment	$ (28)	$ (3)

Income Taxes (Details Textuals)

Income Taxes (Details Textuals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Income tax (benefit) provision	$ (1,896)	$ 17,606	$ 29,182	$ 39,236
Effective tax rate	(2.70%)	25.00%	14.50%	23.50%
Federal Statutory Income Tax Rate	35.00%
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	$ 17,400
Unrecognized tax benefits	11,300		$ 11,300
Accrued interest and penalties	$ 1,100		$ 1,100

Income Taxes (Details 2)

Income Taxes (Details 2)	9 Months Ended
	Sep. 30, 2015
US Federal | Minimum
Income Tax Examination [Line Items]
Tax years open to examination by major taxing jurisdictions	2,012
US Federal | Maximum
Income Tax Examination [Line Items]
Tax years open to examination by major taxing jurisdictions	2,014
State of Oregon | Minimum
Income Tax Examination [Line Items]
Tax years open to examination by major taxing jurisdictions	2,012
State of Oregon | Maximum
Income Tax Examination [Line Items]
Tax years open to examination by major taxing jurisdictions	2,014
State of Massachusetts | Minimum
Income Tax Examination [Line Items]
Tax years open to examination by major taxing jurisdictions	2,011
State of Massachusetts | Maximum
Income Tax Examination [Line Items]
Tax years open to examination by major taxing jurisdictions	2,014
State of California | Minimum
Income Tax Examination [Line Items]
Tax years open to examination by major taxing jurisdictions	2,012
State of California | Maximum
Income Tax Examination [Line Items]
Tax years open to examination by major taxing jurisdictions	2,014
Sweden | Minimum
Income Tax Examination [Line Items]
Tax years open to examination by major taxing jurisdictions	2,011
Sweden | Maximum
Income Tax Examination [Line Items]
Tax years open to examination by major taxing jurisdictions	2,014
United Kingdom | Minimum
Income Tax Examination [Line Items]
Tax years open to examination by major taxing jurisdictions	2,011
United Kingdom | Maximum
Income Tax Examination [Line Items]
Tax years open to examination by major taxing jurisdictions	2,014
Belgium | Minimum
Income Tax Examination [Line Items]
Tax years open to examination by major taxing jurisdictions	2,011
Belgium | Maximum
Income Tax Examination [Line Items]
Tax years open to examination by major taxing jurisdictions	2,014

Operating Segments and Relate62

Operating Segments and Related Information (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue - External Customers	$ 381,928	$ 375,366	$ 1,119,420	$ 1,096,288
Intersegment revenue	0	0	0	0
Earnings (loss) from operations	75,982	70,009	212,267	171,824
Surveillance
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue - External Customers	131,598	125,343	352,312	362,073
Intersegment revenue	2,653	2,659	8,400	6,642
Earnings (loss) from operations	39,918	33,393	96,464	79,293
Instruments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue - External Customers	74,796	82,561	248,877	250,583
Intersegment revenue	777	74	2,687	548
Earnings (loss) from operations	21,555	23,191	77,959	64,678
OEM & Emerging Markets
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue - External Customers	51,448	49,888	137,568	148,927
Intersegment revenue	8,020	4,721	25,778	15,277
Earnings (loss) from operations	14,233	12,798	33,507	35,518
Maritime
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue - External Customers	38,920	44,728	141,922	152,533
Intersegment revenue	85	804	1,667	2,308
Earnings (loss) from operations	1,848	4,614	13,058	23,159
Security
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue - External Customers	59,331	48,648	158,185	122,692
Intersegment revenue	2,386	2,971	10,393	7,361
Earnings (loss) from operations	7,222	6,988	18,911	14,560
Detection
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue - External Customers	25,835	24,198	80,556	59,480
Intersegment revenue	0	4	0	64
Earnings (loss) from operations	5,290	4,167	17,349	5,519
Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Intersegment revenue	(13,921)	(11,233)	(48,925)	(32,200)
Earnings (loss) from operations	$ (14,084)	$ (15,142)	$ (44,981)	$ (50,903)

Operating Segments and Relate63

Operating Segments and Related Information (Details 3) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets (accounts receivable, net and inventories)	$ 691,383	$ 675,263
Surveillance
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets (accounts receivable, net and inventories)	284,147	309,473
Instruments
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets (accounts receivable, net and inventories)	121,995	119,629
OEM & Emerging Markets
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets (accounts receivable, net and inventories)	91,582	79,053
Maritime
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets (accounts receivable, net and inventories)	72,802	67,775
Security
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets (accounts receivable, net and inventories)	90,271	59,182
Detection
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets (accounts receivable, net and inventories)	$ 30,586	$ 40,151

Operating Segments and Relate64

Operating Segments and Related Information (Details 4) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Segment Reporting, Asset Reconciling Item [Line Items]
Segment Reporting Information Goodwill	$ 541,971	$ 553,335
Surveillance
Segment Reporting, Asset Reconciling Item [Line Items]
Segment Reporting Information Goodwill	120,358	121,268
Instruments
Segment Reporting, Asset Reconciling Item [Line Items]
Segment Reporting Information Goodwill	150,803	155,527
OEM & Emerging Markets
Segment Reporting, Asset Reconciling Item [Line Items]
Segment Reporting Information Goodwill	70,470	72,687
Maritime
Segment Reporting, Asset Reconciling Item [Line Items]
Segment Reporting Information Goodwill	107,883	109,980
Security
Segment Reporting, Asset Reconciling Item [Line Items]
Segment Reporting Information Goodwill	44,322	45,710
Detection
Segment Reporting, Asset Reconciling Item [Line Items]
Segment Reporting Information Goodwill	$ 48,135	$ 48,163

Operating Segments and Relate65

Operating Segments and Related Information (Details 5) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 381,928	$ 375,366	$ 1,119,420	$ 1,096,288
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	216,200	192,500	587,600	559,100
Canada/Latin_America
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	23,825	20,870	60,224	69,349
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	66,207	82,253	255,331	256,908
Mid_East/Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	37,253	42,287	89,830	91,506
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 38,406	$ 37,461	$ 126,398	$ 119,467

Operating Segments and Relate66

Operating Segments and Related Information (Details 6) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 988,082	$ 994,881
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	636,965	623,522
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	338,670	319,661
Other International
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 12,447	$ 51,698

Operating Segments and Relate67

Operating Segments and Related Information (Details 7) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenue, Major Customer [Line Items]
Revenue	$ 381,928	$ 375,366	$ 1,119,420	$ 1,096,288
US Government
Revenue, Major Customer [Line Items]
Revenue	$ 79,297	$ 77,496	$ 208,742	$ 227,715

Restructuring Costs (Details)

Restructuring Costs (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 327			$ 4,060	$ 1,095	$ 15,420
Cost of Goods Sold
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	0			0	0	590
Selling General and Administrative Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	328			4,060	1,095	15,420
Total COGS and SGA
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	328	$ 453	$ 314	4,060	1,095	16,010
Surveillance
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	148			358	225	5,082
Instruments
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	223			3,674	907	9,868
OEM & Emerging Markets
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	(24)			0	(22)	278
Maritime
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	0			28	0	(97)
Detection
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	(19)			0	(15)	759
Other
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 0			$ 0	$ 0	$ 120

Restructuring Costs (Details 2)

Restructuring Costs (Details 2) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 327			$ 4,060	$ 1,095	$ 15,420
Cost of Goods Sold
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	0			0	0	590
Selling, general and administrative
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	328			4,060	1,095	15,420
Total COGS and SGA
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 328	$ 453	$ 314	$ 4,060	$ 1,095	$ 16,010

Restructuring Costs (Details 3)

Restructuring Costs (Details 3) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 327			$ 4,060	$ 1,095	$ 15,420
Total COGS and SGA
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, beginning balance	5,864	$ 8,176	$ 12,426		12,426
Restructuring expenses	328	453	314	$ 4,060	1,095	$ 16,010
Restructuring and Related Cost, Incurred Cost	(1,741)	(2,765)	(4,564)
Restructuring Reserve, ending balance	4,451	5,864	8,176		4,451
Total COGS and SGA | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, beginning balance	5,382	7,694	10,941		10,941
Restructuring expenses	269	82	277
Restructuring and Related Cost, Incurred Cost	(1,593)	(2,394)	(3,524)
Restructuring Reserve, ending balance	4,058	5,382	7,694		4,058
Total COGS and SGA | Facility Exit [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, beginning balance	482	482	1,485		1,485
Restructuring expenses	59	371	37
Restructuring and Related Cost, Incurred Cost	(148)	(371)	(1,040)
Restructuring Reserve, ending balance	$ 393	$ 482	$ 482		$ 393

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 04, 2015	Nov. 20, 2015	Oct. 22, 2015	Dec. 31, 2015	Sep. 30, 2015	Sep. 30, 2014
Subsequent Event [Line Items]
Gain (Loss) on Disposition of Assets				$ 20,200	$ 0	$ 4,129
Dividend declared
Subsequent Event [Line Items]
Quarterly dividend, date declared			Oct. 22, 2015
Common Stock, Dividends, Per Share, Declared			$ 0.11
Quarterly dividend, date to be paid	Dec. 4, 2015
Quarterly dividend, date of record		Nov. 20, 2015
Quarterly dividend, amount declared	$ 15,200