Investments In Affiliated Companies, Partnership And Other Companies (Tables)

12 Months Ended

Dec. 31, 2011

Investments In Affiliated Companies, Partnership And Other Companies [Abstract]


	December 31,
	2011		2010
Companies accounted for under the equity method	$	105,914	$	86,069
Companies accounted for on a cost basis		4,245		3,745
	$	110,159	$	89,814

Investments In Companies Accounted For Under The Equity Method


	December 31,
	2011		2010
SCD (1)	$	63,854	$	58,815
VSI (2)		8,154		4,181
Opgal (3)		14,626		13,000
Netcity (4)		10,418		2,697
Other		8,862		7,376
	$	105,914	$	86,069

(1)

Semi Conductor Devices ("SCD") is an Israeli partnership, held 50% by the Company and 50% by Rafael Advanced Defense Systems Ltd. ("Rafael"). SCD is engaged in the development and production of various thermal detectors and laser diodes. SCD is jointly controlled and therefore is not consolidated in the Company's financial statements.

(2)

Vision Systems International LLC ("VSI") based in San Jose, is a California limited liability company that is held 50% by ESA and 50% by a subsidiary of Rockwell Collins Inc. VSI operates in the area of helmet mounted display systems for fixed-wing military aircraft. VSI is jointly controlled and therefore is not consolidated in the Company's financial statements.

(3)

Opgal Optronics Industries Ltd. ("Opgal") is an Israeli company owned 50.1% by the Company and 49.9% by a subsidiary of Rafael. Opgal focuses mainly on commercial applications of thermal imaging and electro-optic technologies. The Company jointly controls Opgal with Rafael, and therefore Opgal is not consolidated in the Company's financial statements.

(4)

Netcity is a Romanian company held 40% by the Company. During 2011, the Company invested in Netcity approximately $8,100, in addition to $2,700 that were invested in 2010. Netcity is a constructor of fiber-telecommunication networks in Romania.

Schedule Of Equity In Net Earnings Of Affiliated Companies


	Year ended December 31,
	2011		2010		2009
SCD	$	5,807	$	11,470	$	12,603
VSI		8,454		6,265		4,942
Other		1,116		1,061		1,747
	$	15,377	$	18,796	$	19,292

Balance Sheet Information


	December 31,
	2011		2010
Current assets	$	272,274	$	278,141
Non-current assets		67,151		69,507
Total assets	$	339,425	$	347,648

Current liabilities	$	158,548	$	186,555
Non-current liabilities		24,809		34,688
Shareholders' equity		156,068		126,405
	$	339,425	$	347,648

Income Statement Information


	Year ended December 31,
	2011		2010		2009
Revenues	$	402,438	$	476,286	$	361,283
Gross profit	$	117,222	$	137,228	$	110,699
Net income	$	38,131	$	36,728	$	31,489

- Definition

Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.

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