XML 51 R38.htm IDEA: XBRL DOCUMENT
v3.4.0.3

Operating Segments and Geographic Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Segment Reporting [Abstract] |
Operating Segment Information | Operating Segment Information
Broadcast Solutions |  | Years ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (In thousands) |
Segment revenues |  | $ | 739,970 |  |  | $ | 757,767 |  |  | $ | 501,560 |
Affiliate revenues |  |  | 916 |  |  |  | 821 |  |  |  | 502 |
Segment EBITDA |  |  | 113,638 |  |  |  | 116,966 |  |  |  | 86,649 |
Depreciation expense |  |  | 16,295 |  |  |  | 15,854 |  |  |  | 17,786 |
Amortization of intangibles |  |  | 49,812 |  |  |  | 49,562 |  |  |  | 44,828 |
Severance, restructuring, and acquisition integration costs |  |  | 39,078 |  |  |  | 48,440 |  |  |  | 12,128 |
Purchase accounting effects of acquisitions |  |  | 132 |  |  |  | 8,574 |  |  |  | 6,550 |
Deferred gross profit adjustments |  |  | 2,446 |  |  |  | 10,777 |  |  |  | 11,337 |
Acquisition of property, plant and equipment |  |  | 27,365 |  |  |  | 17,091 |  |  |  | 9,685 |
Segment assets |  |  | 346,095 |  |  |  | 378,024 |  |  |  | 238,221 |
Enterprise Connectivity Solutions |  | Years ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (In thousands) |
Segment revenues |  | $ | 605,910 |  |  | $ | 626,614 |  |  | $ | 670,766 |
Affiliate revenues |  |  | 5,322 |  |  |  | 8,467 |  |  |  | 9,823 |
Segment EBITDA |  |  | 100,214 |  |  |  | 89,352 |  |  |  | 84,971 |
Depreciation expense |  |  | 12,591 |  |  |  | 14,443 |  |  |  | 13,105 |
Amortization of intangibles |  |  | 1,720 |  |  |  | 1,827 |  |  |  | 1,720 |
Severance, restructuring, and acquisition integration costs |  |  | 723 |  |  |  | 3,435 |  |  |  | 400 |
Purchase accounting effects of acquisitions |  |  | 52 |  |  |  | 608 |  |  |  | — |
Acquisition of property, plant and equipment |  |  | 10,323 |  |  |  | 13,395 |  |  |  | 12,590 |
Segment assets |  |  | 238,400 |  |  |  | 259,344 |  |  |  | 279,306 |
Industrial Connectivity Solutions |  | Years ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (In thousands) |
Segment revenues |  | $ | 603,350 |  |  | $ | 682,374 |  |  | $ | 680,643 |
Affiliate revenues |  |  | 1,613 |  |  |  | 2,927 |  |  |  | 1,901 |
Segment EBITDA |  |  | 99,941 |  |  |  | 106,097 |  |  |  | 104,655 |
Depreciation expense |  |  | 11,235 |  |  |  | 11,145 |  |  |  | 10,308 |
Amortization of intangibles |  |  | 3,154 |  |  |  | 1,236 |  |  |  | 1,085 |
Severance, restructuring, and acquisition integration costs |  |  | 6,228 |  |  |  | 11,953 |  |  |  | 700 |
Purchase accounting effects of acquisitions |  |  | 334 |  |  |  | 1,328 |  |  |  | — |
Acquisition of property, plant and equipment |  |  | 8,836 |  |  |  | 10,053 |  |  |  | 14,496 |
Segment assets |  |  | 231,265 |  |  |  | 255,997 |  |  |  | 259,400 |
Industrial IT Solutions |  | Years ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (In thousands) |
Segment revenues |  | $ | 244,303 |  |  | $ | 253,464 |  |  | $ | 231,521 |
Affiliate revenues |  |  | 70 |  |  |  | 54 |  |  |  | 208 |
Segment EBITDA |  |  | 43,253 |  |  |  | 47,927 |  |  |  | 45,719 |
Depreciation expense |  |  | 2,293 |  |  |  | 2,294 |  |  |  | 2,449 |
Amortization of intangibles |  |  | 5,859 |  |  |  | 5,801 |  |  |  | 3,170 |
Severance, restructuring, and acquisition integration costs |  |  | 169 |  |  |  | 6,999 |  |  |  | 1,660 |
Purchase accounting effects of acquisitions |  |  | 32 |  |  |  | 2,030 |  |  |  | — |
Acquisition of property, plant and equipment |  |  | 2,039 |  |  |  | 1,903 |  |  |  | 2,020 |
Segment assets |  |  | 55,285 |  |  |  | 67,417 |  |  |  | 56,658 |
Network Security Solutions |  | Years ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (In thousands) |
Segment revenues |  | $ | 167,050 |  |  | $ | — |  |  | $ | — |
Affiliate revenues |  |  | 8 |  |  |  | — |  |  |  | — |
Segment EBITDA |  |  | 44,620 |  |  |  | — |  |  |  | — |
Depreciation expense |  |  | 4,137 |  |  |  | — |  |  |  | — |
Amortization of intangibles |  |  | 43,246 |  |  |  | — |  |  |  | — |
Severance, restructuring, and acquisition integration costs |  |  | 972 |  |  |  | — |  |  |  | — |
Purchase accounting effects of acquisitions |  |  | 9,197 |  |  |  | — |  |  |  | — |
Deferred gross profit adjustments |  |  | 50,430 |  |  |  | — |  |  |  | — |
Acquisition of property, plant and equipment |  |  | 5,009 |  |  |  | — |  |  |  | — |
Segment assets |  |  | 63,235 |  |  |  | — |  |  |  | — |
Total Segments |  | Years ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (In thousands) |
Segment revenues |  | $ | 2,360,583 |  |  | $ | 2,320,219 |  |  | $ | 2,084,490 |
Affiliate revenues |  |  | 7,929 |  |  |  | 12,269 |  |  |  | 12,434 |
Segment EBITDA |  |  | 401,666 |  |  |  | 360,342 |  |  |  | 321,994 |
Depreciation expense |  |  | 46,551 |  |  |  | 43,736 |  |  |  | 43,648 |
Amortization of intangibles |  |  | 103,791 |  |  |  | 58,426 |  |  |  | 50,803 |
Severance, restructuring, and acquisition integration costs |  |  | 47,170 |  |  |  | 70,827 |  |  |  | 14,888 |
Purchase accounting effects of acquisitions |  |  | 9,747 |  |  |  | 12,540 |  |  |  | 6,550 |
Deferred gross profit adjustments |  |  | 52,876 |  |  |  | 10,777 |  |  |  | 11,337 |
Acquisition of property, plant and equipment |  |  | 53,572 |  |  |  | 42,442 |  |  |  | 38,791 |
Segment assets |  |  | 934,280 |  |  |  | 960,782 |  |  |  | 833,585 |
Reconciliation of Total Reportable Segments' Revenues and EBITDA to Consolidated Revenues and Consolidated Income from Continuing Operations Before Taxes | The following table is a reconciliation of the total of the reportable segments’ Revenues and EBITDA to consolidated revenues and consolidated income from continuing operations before taxes, respectively.
|  | Years Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (In thousands) |
Total Segment Revenues |  | $ | 2,360,583 |  |  | $ | 2,320,219 |  |  | $ | 2,084,490 |
Deferred revenue adjustments (1) |  |  | (51,361 | ) |  |  | (11,954 | ) |  |  | (15,297 | )
Consolidated Revenues |  | $ | 2,309,222 |  |  | $ | 2,308,265 |  |  | $ | 2,069,193 |
Total Segment EBITDA |  | $ | 401,666 |  |  | $ | 360,342 |  |  | $ | 321,994 |
Amortization of intangibles |  |  | (103,791 | ) |  |  | (58,426 | ) |  |  | (50,803 | )
Deferred gross profit adjustments (1) |  |  | (52,876 | ) |  |  | (10,777 | ) |  |  | (11,337 | )
Severance, restructuring, and acquisition integration costs (2) |  |  | (47,170 | ) |  |  | (70,827 | ) |  |  | (14,888 | )
Depreciation expense |  |  | (46,551 | ) |  |  | (43,736 | ) |  |  | (43,648 | )
Purchase accounting effects related to acquisitions (3) |  |  | (9,747 | ) |  |  | (12,540 | ) |  |  | (6,550 | )
Income from equity method investment |  |  | 1,770 |  |  |  | 3,955 |  |  |  | 8,922 |
Gain on sale of assets |  |  | — |  |  |  | — |  |  |  | 1,278 |
Eliminations |  |  | (2,748 | ) |  |  | (4,872 | ) |  |  | (3,706 | )
Consolidated operating income |  |  | 140,553 |  |  |  | 163,119 |  |  |  | 201,262 |
Interest expense, net |  |  | (100,613 | ) |  |  | (81,573 | ) |  |  | (72,601 | )
Loss on debt extinguishment |  |  | — |  |  |  | — |  |  |  | (1,612 | )
Consolidated income from continuing operations before taxes |  | $ | 39,940 |  |  | $ | 81,546 |  |  | $ | 127,049 |
(1) | For the year ended December 31, 2015, both our consolidated revenues and gross profit were negatively impacted by the reduction of the acquired deferred revenue balance to fair value associated with our acquisition of Tripwire. See Note 3, Acquisitions.
(2) | See Note 12, Severance, Restructuring, and Acquisition Integration Activities, for details.
(3) | For the year ended December 31, 2015, we recognized $9.2 million of compensation expense related to the accelerated vesting of acquiree stock based compensation awards associated with our acquisition of Tripwire. In addition, we recognized $0.3 million of cost of sales related to the adjustment of acquired inventory to fair value related to our acquisition of Coast. For the year ended December 31, 2014, we recognized $8.3 million of cost of sales related to the adjustment of acquired inventory to fair value for our acquisitions of Grass Valley and ProSoft.
Reconciliations of Other Segment Measures to Consolidated Totals | Below are reconciliations of other segment measures to the consolidated totals.
|  | Years Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (In thousands) |
Total segment assets |  | $ | 934,280 |  |  | $ | 960,782 |  |  | $ | 833,585 |
Cash and cash equivalents |  |  | 216,751 |  |  |  | 741,162 |  |  |  | 613,304 |
Goodwill |  |  | 1,385,115 |  |  |  | 943,374 |  |  |  | 773,048 |
Intangible assets, less accumulated amortization |  |  | 655,871 |  |  |  | 461,292 |  |  |  | 376,976 |
Deferred income taxes |  |  | 34,295 |  |  |  | 60,652 |  |  |  | 54,801 |
Income tax receivable |  |  | 3,787 |  |  |  | 4,953 |  |  |  | 12,169 |
Corporate assets |  |  | 60,503 |  |  |  | 59,987 |  |  |  | 64,804 |
Total assets |  | $ | 3,290,602 |  |  | $ | 3,232,202 |  |  | $ | 2,728,687 |
Total segment acquisition of property, plant and equipment |  | $ | 53,572 |  |  | $ | 42,442 |  |  | $ | 38,791 |
Corporate acquisition of property, plant and equipment |  |  | 1,397 |  |  |  | 3,017 |  |  |  | 1,418 |
Total acquisition of property, plant and equipment |  | $ | 54,969 |  |  | $ | 45,459 |  |  | $ | 40,209 |
Schedule of Revenue from External Customers and Long-Lived Assets Based on Physical Location | The table below summarizes net sales and long-lived assets for the years ended December 31, 2015, 2014 and 2013 for the following countries: the U.S., Canada, China, and Germany. No other individual foreign country’s net sales or long-lived assets are material to the Company.
|  | United States |  |  | Canada |  |  | China |  |  | Germany |  |  | All Other |  |  | Total |
|  | (In thousands, except percentages) |
Year ended December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,270,467 |  |  | $ | 170,522 |  |  | $ | 114,863 |  |  | $ | 103,106 |  |  | $ | 650,264 |  |  | $ | 2,309,222 |
Percent of total revenues |  |  | 55 | % |  |  | 7 | % |  |  | 5 | % |  |  | 4 | % |  |  | 29 | % |  |  | 100 | %
Long-lived assets |  | $ | 188,032 |  |  | $ | 27,315 |  |  | $ | 62,794 |  |  | $ | 35,588 |  |  | $ | 64,434 |  |  | $ | 378,163 |
Year ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,134,721 |  |  | $ | 194,149 |  |  | $ | 132,330 |  |  | $ | 120,297 |  |  | $ | 726,768 |  |  | $ | 2,308,265 |
Percent of total revenues |  |  | 49 | % |  |  | 8 | % |  |  | 6 | % |  |  | 5 | % |  |  | 32 | % |  |  | 100 | %
Long-lived assets |  | $ | 169,080 |  |  | $ | 29,773 |  |  | $ | 70,574 |  |  | $ | 40,557 |  |  | $ | 70,727 |  |  | $ | 380,711 |
Year ended December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,032,190 |  |  | $ | 195,387 |  |  | $ | 126,461 |  |  | $ | 108,745 |  |  | $ | 606,410 |  |  | $ | 2,069,193 |
Percent of total revenues |  |  | 50 | % |  |  | 9 | % |  |  | 6 | % |  |  | 5 | % |  |  | 30 | % |  |  | 100 | %
Long-lived assets |  | $ | 152,199 |  |  | $ | 27,458 |  |  | $ | 76,949 |  |  | $ | 45,702 |  |  | $ | 59,275 |  |  | $ | 361,583 |

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=51669610&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=51669610&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 30 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 2: 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=51669610&loc=d3e8924-108599 + 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 FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&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 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 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=51669610&loc=d3e8813-108599 Reference 3: 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=51669610&loc=d3e8721-108599 Reference 4: 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 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=51669610&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration