XML 72 R40.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Operating Segments and Geographic Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Segment Reporting [Abstract] |
Operating Segment Information | The results of our equity method investment in Xuzhou Hirschmann Electronics Co. Ltd. (the Hirschmann JV) are analyzed separately from the results of our operating segments, and they are not included in the corporate expense allocation. Operating Segment Information
Broadcast Solutions |  | Years Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  |  |  |  | (In thousands) |  |  |  |
External customer revenues |  | $ | 916,632 |  |  | $ | 663,900 |  |  | $ | 356,320 |
Affiliate revenues |  |  | 1,381 |  |  |  | 933 |  |  |  | 691 |
Total revenues |  |  | 918,013 |  |  |  | 664,833 |  |  |  | 357,011 |
Depreciation and amortization |  |  | (67,372 | ) |  |  | (64,420 | ) |  |  | (23,184 | )
Operating income (loss) |  |  | 4,093 |  |  |  | 15,099 |  |  |  | (11,657 | )
Total assets |  |  | 430,991 |  |  |  | 294,454 |  |  |  | 272,520 |
Acquisition of property, plant and equipment |  |  | 17,912 |  |  |  | 10,526 |  |  |  | 8,844 |
Enterprise Connectivity Solutions |  | Years Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  |  |  |  | (In thousands) |  |  |  |
External customer revenues |  | $ | 455,795 |  |  | $ | 493,129 |  |  | $ | 496,857 |
Affiliate revenues |  |  | 8,467 |  |  |  | 9,823 |  |  |  | 6,467 |
Total revenues |  |  | 464,262 |  |  |  | 502,952 |  |  |  | 503,324 |
Depreciation and amortization |  |  | (14,331 | ) |  |  | (12,988 | ) |  |  | (16,057 | )
Asset impairment and loss on sale of assets |  |  | — |  |  |  | — |  |  |  | (1,468 | )
Operating income |  |  | 47,715 |  |  |  | 48,753 |  |  |  | 40,056 |
Total assets |  |  | 206,377 |  |  |  | 223,073 |  |  |  | 234,882 |
Acquisition of property, plant and equipment |  |  | 12,574 |  |  |  | 11,749 |  |  |  | 13,013 |
Industrial Connectivity Solutions |  | Years Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  |  |  |  | (In thousands) |  |  |  |
External customer revenues |  | $ | 682,374 |  |  | $ | 680,643 |  |  | $ | 670,112 |
Affiliate revenues |  |  | 2,927 |  |  |  | 1,901 |  |  |  | 1,129 |
Total revenues |  |  | 685,301 |  |  |  | 682,544 |  |  |  | 671,241 |
Depreciation and amortization |  |  | (12,318 | ) |  |  | (11,408 | ) |  |  | (10,970 | )
Asset impairment and loss on sale of assets |  |  | — |  |  |  | — |  |  |  | (2,435 | )
Operating income |  |  | 80,435 |  |  |  | 92,562 |  |  |  | 72,366 |
Total assets |  |  | 255,997 |  |  |  | 259,400 |  |  |  | 263,293 |
Acquisition of property, plant and equipment |  |  | 10,053 |  |  |  | 14,496 |  |  |  | 13,077 |
Industrial IT Solutions |  | Years Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  |  |  |  | (In thousands) |  |  |  |
External customer revenues |  | $ | 253,464 |  |  | $ | 231,521 |  |  | $ | 219,679 |
Affiliate revenues |  |  | 54 |  |  |  | 208 |  |  |  | 286 |
Total revenues |  |  | 253,518 |  |  |  | 231,729 |  |  |  | 219,965 |
Depreciation and amortization |  |  | (8,141 | ) |  |  | (5,635 | ) |  |  | (4,848 | )
Operating income |  |  | 30,803 |  |  |  | 38,440 |  |  |  | 32,807 |
Total assets |  |  | 67,417 |  |  |  | 56,658 |  |  |  | 54,428 |
Acquisition of property, plant and equipment |  |  | 1,903 |  |  |  | 2,020 |  |  |  | 4,597 |
All Other |  | Years Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
External customer revenues |  | $ | — |  |  | $ | — |  |  | $ | 97,771 |
Affiliate revenues |  |  | — |  |  |  | — |  |  |  | — |
Total revenues |  |  | — |  |  |  | — |  |  |  | 97,771 |
Depreciation and amortization |  |  | — |  |  |  | — |  |  |  | (2,828 | )
Asset impairment and loss on sale of assets |  |  | — |  |  |  | — |  |  |  | (29,773 | )
Operating income (loss) |  |  | — |  |  |  | 1,278 |  |  |  | (32,640 | )
Total assets |  |  | — |  |  |  | — |  |  |  | — |
Acquisition of property, plant and equipment |  |  | — |  |  |  | — |  |  |  | 348 |
Total Segments |  | Years Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
External customer revenues |  | $ | 2,308,265 |  |  | $ | 2,069,193 |  |  | $ | 1,840,739 |
Affiliate revenues |  |  | 12,829 |  |  |  | 12,865 |  |  |  | 8,573 |
Total revenues |  |  | 2,321,094 |  |  |  | 2,082,058 |  |  |  | 1,849,312 |
Depreciation and amortization |  |  | (102,162 | ) |  |  | (94,451 | ) |  |  | (57,887 | )
Asset impairment and loss on sale of assets |  |  | — |  |  |  | — |  |  |  | (33,676 | )
Operating income |  |  | 163,046 |  |  |  | 196,132 |  |  |  | 100,932 |
Total assets |  |  | 960,782 |  |  |  | 833,585 |  |  |  | 825,123 |
Acquisition of property, plant and equipment |  |  | 42,442 |  |  |  | 38,791 |  |  |  | 39,879 |
Reconciliation of Total Reportable Segments' Net Income to Consolidated Income (Loss) from Continuing Operations Before Taxes | Total segment operating income differs from net income reported in the Consolidated Financial Statements as follows:
|  | Years Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
Total segment operating income |  | $ | 163,046 |  |  | $ | 196,132 |  |  | $ | 100,932 |
Income from equity method investment |  |  | 3,955 |  |  |  | 8,922 |  |  |  | 9,704 |
Eliminations |  |  | (3,882 | ) |  |  | (3,792 | ) |  |  | (2,139 | )
Total operating income |  |  | 163,119 |  |  |  | 201,262 |  |  |  | 108,497 |
Interest expense |  |  | (82,156 | ) |  |  | (73,095 | ) |  |  | (52,038 | )
Interest income |  |  | 583 |  |  |  | 494 |  |  |  | 1,033 |
Loss on debt extinguishment |  |  | — |  |  |  | (1,612 | ) |  |  | (52,450 | )
Income tax benefit (expense) |  |  | (7,114 | ) |  |  | (22,315 | ) |  |  | 38,194 |
Income from continuing operations |  |  | 74,432 |  |  |  | 104,734 |  |  |  | 43,236 |
Income (loss) from discontinued operations, net of tax |  |  | 579 |  |  |  | (1,421 | ) |  |  | 16,774 |
Gain (loss) from disposal of discontinued operations, net of tax |  |  | (562 | ) |  |  | — |  |  |  | 134,480 |
Net income |  | $ | 74,449 |  |  | $ | 103,313 |  |  | $ | 194,490 |
Reconciliations of Other Segment Measures to Consolidated Totals | Below are reconciliations of other segment measures to the consolidated totals.
|  | Years Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
Total segment assets |  | $ | 960,782 |  |  | $ | 833,585 |  |  | $ | 825,123 |
Cash and cash equivalents |  |  | 741,162 |  |  |  | 613,304 |  |  |  | 395,095 |
Goodwill |  |  | 943,374 |  |  |  | 773,048 |  |  |  | 778,708 |
Intangible assets, less accumulated amortization |  |  | 461,292 |  |  |  | 376,976 |  |  |  | 428,273 |
Deferred income taxes |  |  | 62,809 |  |  |  | 54,801 |  |  |  | 66,855 |
Income tax receivable |  |  | 4,953 |  |  |  | 12,169 |  |  |  | 8,432 |
Corporate assets |  |  | 88,455 |  |  |  | 87,870 |  |  |  | 82,097 |
Total assets |  | $ | 3,262,827 |  |  | $ | 2,751,753 |  |  | $ | 2,584,583 |
Total segment acquisition of property, plant and equipment |  | $ | 42,442 |  |  | $ | 38,791 |  |  | $ | 39,879 |
Corporate acquisition of property, plant and equipment |  |  | 3,017 |  |  |  | 1,418 |  |  |  | 336 |
Discontinued operations acquisition of property, plant and equipment |  |  | — |  |  |  | — |  |  |  | 795 |
Total acquisition of property, plant and equipment |  | $ | 45,459 |  |  | $ | 40,209 |  |  | $ | 41,010 |
Total segment depreciation and amortization |  | $ | (102,162 | ) |  | $ | (94,451 | ) |  | $ | (57,887 | )
Discontinued operations depreciation and amortization |  |  | — |  |  |  | — |  |  |  | (1,468 | )
Total depreciation and amortization |  | $ | (102,162 | ) |  | $ | (94,451 | ) |  | $ | (59,355 | )
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, 2014, 2013 and 2012 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, 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 |  | $ | 191,728 |  |  | $ | 29,773 |  |  | $ | 70,574 |  |  | $ | 40,557 |  |  | $ | 70,727 |  |  | $ | 403,359 |
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 |  | $ | 170,813 |  |  | $ | 27,458 |  |  | $ | 76,949 |  |  | $ | 45,702 |  |  | $ | 59,275 |  |  | $ | 380,197 |
Year ended December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 825,437 |  |  | $ | 196,761 |  |  | $ | 193,082 |  |  | $ | 105,377 |  |  | $ | 520,082 |  |  | $ | 1,840,739 |
Percent of total revenues |  |  | 45 | % |  |  | 11 | % |  |  | 10 | % |  |  | 6 | % |  |  | 28 | % |  |  | 100 | %
Long-lived assets |  | $ | 164,619 |  |  | $ | 31,610 |  |  | $ | 72,556 |  |  | $ | 42,411 |  |  | $ | 59,854 |  |  | $ | 371,050 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration