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Acquisitions and Divestitures (Tables) | 3 Months Ended
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Mar. 31, 2016
Business Acquisition [Line Items] |
Business Acquisition, Pro Forma Information | The unaudited consolidated pro forma results for the three months ended March 31, 2016 and 2015 are set forth in the table below (in thousands). These pro forma consolidated results combine the results of operations of the Company, Ctrack and FW as though Ctrack and FW had been acquired as of January 1, 2015 and include amortization charges for the acquired intangibles for both acquisitions and interest expense related to the Company’s borrowings to finance the Ctrack acquisition. The pro forma financial information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of 2015.
| Three Months Ended March 31,
| 2016 |  | 2015
Net revenues | $ | 66,944 |  |  | $ | 75,921 |
Net loss | $ | (11,899 | ) |  | $ | (11,008 | )
Feeney Wireless |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition | The fair value has been allocated based on the estimated fair values of assets acquired and liabilities assumed as follows (in thousands):
|  | March 27, 2015
Cash |  | $ | 205 |
Accounts receivable |  | 3,331 |
Inventory |  | 10,008 |
Property, plant and equipment |  | 535 |
Intangible assets |  | 18,880 |
Goodwill |  | 3,949 |
Other assets |  | 544 |
Accounts payable |  | (7,494 | )
Accrued and other liabilities |  | (1,916 | )
Deferred revenues |  | (270 | )
Note payable |  | (2,575 | )
Capital lease obligations |  | (420 | )
Net assets acquired |  | $ | 24,777 |
Set forth below is supplemental purchase consideration information related to the FW acquisition (in thousands):
Cash payments |  | $ | 9,268 |
Future issuance of common stock |  | 15,000 |
Other assumed liabilities |  | 509 |
Total purchase price |  | $ | 24,777 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination | The following table sets forth the components of intangible assets acquired in connection with the FW acquisition (dollars in thousands):
|  | Amount Assigned |  | Amortization Period (in years)
Definite-lived intangible assets: |  |  |  |
Developed technologies |  | $ | 3,660 |  |  | 6.0
Trademarks |  | 4,700 |  |  | 10.0
Customer relationships |  | 8,500 |  |  | 10.0
Indefinite-lived intangible assets: |  |  |  |
In-process research and development |  | 2,020 |  |  |
Total intangible assets acquired |  | $ | 18,880 |  |  |
DigiCore |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition | The fair value has been allocated based on the estimated fair values of assets acquired and liabilities assumed as follows (in thousands):
|  | October 5, 2015
Cash |  | $ | 2,437 |
Accounts receivable |  | 15,052 |
Inventory |  | 11,361 |
Property, plant and equipment |  | 5,924 |
Rental assets |  | 6,603 |
Intangible assets |  | 28,270 |
Goodwill |  | 29,273 |
Other assets |  | 5,695 |
Bank facilities |  | (2,124 | )
Accounts payable |  | (7,446 | )
Accrued and other liabilities |  | (15,018 | )
Noncontrolling interests |  | (39 | )
Net assets acquired |  | $ | 79,988 |
Set forth below is supplemental purchase consideration information related to the Ctrack acquisition (in thousands):
Cash payments |  | $ | 79,365 |
Fair value of replacement equity awards issued to Ctrack employees for precombination services |  | 623 |
Total purchase price |  | $ | 79,988 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination | The following table sets forth the components of definite-lived intangible assets acquired in connection with the Ctrack acquisition (in thousands):
|  | Amount Assigned |  | Amortization Period (in years)
Developed technologies |  | $ | 10,170 |  |  | 6.0
Trade name |  | 14,030 |  |  | 10.0
Customer relationships |  | 4,070 |  |  | 5.0
Total intangible assets acquired |  | $ | 28,270 |  |  |

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