Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

A summary of the activity in goodwill is presented below (in thousands):



Balance at December 31, 2015	$	29,520
Ctrack adjustment⁽¹⁾	1,236
FW adjustment	195
Effect of change in foreign currency exchange rates	3,477
Balance at December 31, 2016	34,428
Effect of change in foreign currency exchange rates	3,253
Balance at December 31, 2017	$	37,681

⁽¹⁾

During the year ended December 31, 2016, the Company identified the need for an immaterial adjustment in the recording of net assets and goodwill in the accounting for the acquisition of Ctrack. As a result, the Company has recorded an adjustment during the year ended December 31, 2016 that increased goodwill and decreased accounts receivable. There was no change in reported cash flows in any period related to this adjustment.

Schedule of Intangible Assets

The Company’s intangible assets are comprised of the following (in thousands):



	December 31, 2017
	Weighted-Average Life (in years)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Finite-lived intangible assets:
Developed technologies	5.6	$	18,332	$	(9,532	)	$	8,800
Trademarks and trade names	9.3	24,337		(8,911		)	15,426
Customer relationships	8.2	13,480		(4,852		)	8,628
Capitalized software development costs	5.0	6,491		(1,472		)	5,019
Other	2.8	712		(706		)	6
Total finite-lived intangible assets		$	63,352	$	(25,473	)	37,879
Indefinite-lived intangible assets:
In-process capitalized software development costs							792
Total intangible assets							$	38,671



	December 31, 2016
	Weighted-Average Life (in years)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Finite-lived intangible assets:
Developed technologies	5.5	$	17,247	$	(7,042	)	$	10,205
Trademarks and trade names	9.2	23,043		(6,905		)	16,138
Customer relationships	8.3	13,046		(2,993		)	10,053
Capitalized software development costs	5.0	3,579		(511		)	3,068
Other	2.7	828		(545		)	283
Total finite-lived intangible assets		$	57,743	$	(17,996	)	39,747
Indefinite-lived intangible assets:
In-process capitalized software development costs							536
Total intangible assets							$	40,283

Schedule of Amortization Expense of Finite-Lived Intangible Assets Expected to be Recognized

The following table represents details of the amortization of finite-lived intangible assets that is estimated to be expensed in the future (in thousands):



2018	$	7,281
2019	7,274
2020	7,044
2021	5,759
2022	3,301
Thereafter	7,220
Total	$	37,879