Moreover, because intellectual property does not necessarily prevent our competitors from entering the markets we serve, there can be no assurance that we will be able to maintain our competitive advantage or that our competitors will not develop capabilities equal or superior to ours.Litigation over patents and other intellectual property is common in our industry. However, our actual costs may differ materially from these estimates.We face risks from international sales and business activitiesWe market and sell our products worldwide and international sales have accounted for, and are expected to continue to account for, a significant portion of our revenue. Additionally, any development that has the effect of devaluing the European euro or British pound sterling could meaningfully reduce the value of our assets and reduce the usefulness of liquidity alternatives denominated in that currency, such as our multicurrency credit facility.Historically, currency fluctuations have affected our operating results.
If we fail to develop and introduce new products and technologies in a timely manner, our business, financial condition and results of operations would be adversely affected.
The final allocation of the purchase price to identified intangible assets, goodwill, and the related tax attributes is subject to final determination of fair value and is expected to be finalized during the third quarter of 2019. The fair value of the Company's borrowings under the Credit Agreement as described in approximates the carrying value.
As of shares have been repurchased under the February 7, 2019 authorization. Such an occurrence could cause LIBOR to stop publication or cause LIBOR to no longer be representative of the underlying market.
Service revenue is deferred and recognized over the contract period, as is the case for extended warranty contracts, or recognized as services are provided.
The Company regularly enters into contracts that can include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations.
The standard clarifies that certain transactions between collaborative arrangement participants should be accounted for under ASC 606, when one participant is a customer, and specifies that a distinct good or service is the unit of account for evaluating whether the transaction is with a customer. A refinancing of our indebtedness, including the Notes, could also require us to comply with more onerous covenants and further restrict our business operations. Bribery Act, and other local laws prohibiting corrupt payments to governmental officials, data privacy requirements, tax laws, and accounting, internal control and disclosure requirements. Industrial business unit operating results are as follows (in millions, except percentages):Industrial business unit revenue for the quarter ended was flat compared to the same period of 2018. The total cash payment of this dividend will be approximately MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSThis Quarterly Report on Form 10-Q (the “Report”), including “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part I, Item 2, contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future events and the future results of FLIR Systems, Inc. and its consolidated subsidiaries (“FLIR” or the “Company”) that are based on management’s current expectations, estimates, projections and assumptions about the Company’s business. As a result of this combined sale, the Company recognized a total pre-tax loss of approximately in year ended December 31, 2017 and approximately in the year ended December 31, 2018).
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