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Discontinued Operations and Held for Sale
 9 Months Ended
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations and Held for Sale Discontinued Operations and Held for Sale
As noted in Note 1 – Nature of Business and Significant Accounting Policies, on September 16, 2024, the Company entered into the Purchase Agreement to sell its Telematics Business. As a result, within these condensed consolidated financial statements, the assets and liabilities associated with the Telematics Business disposal group have been classified as held for sale within the Condensed Consolidated Balance Sheet and its operations have been classified as discontinued operations within the Condensed Consolidated Statements of Operations and Comprehensive Income.
The following table summarizes Income from discontinued operations, net of tax included in the Condensed Consolidated Statements of Operations and Comprehensive Income for the three and nine months ended September 30, 2024 and 2023 (in thousands):
 Three Months Ended
September 30,		Nine Months Ended
September 30,
  2024202320242023
Services and other revenues$7,862 $7,226 $22,895 $21,567 
Services and other cost of revenues3,222 3,166 9,876 9,022 
Gross profit from discontinued operations4,640 4,060 13,019 12,545 
Operating costs and expenses:
Research and development293 473 967 1,345 
Sales and marketing1,289 1,255 3,625 3,698 
General and administrative1,884 1,146 4,799 3,404 
Depreciation and amortization360 392 1,060 1,112 
Total operating costs and expenses3,826 3,266 10,451 9,559 
Operating income from discontinued operations814 794 2,568 2,986 
Other (expense) income:
Interest income, net3 3 10 8 
Other income (expense), net875 (623)1,128 824 
Income from discontinued operations before income taxes1,692 174 3,706 3,818 
Income tax provision (benefit)266 (46)674 555 
Income from discontinued operations, net of tax$1,426 $220 $3,032 $3,263 
The following table summarizes the held for sale assets and liabilities included in the Condensed Consolidated Balance Sheet (in thousands):
 September 30,
2024		December 31,
2023
ASSETS
Current assets:
Cash and cash equivalents$2,775 $5,110 
     Accounts receivable, net4,803 4,414 
Inventories2,092 2,325 
Prepaid expenses and other380 274 
Current assets held for sale (*)
10,050 12,123 
Non-current assets:
Property, plant and equipment, net323 369 
Rental assets, net4,932 5,083 
Intangible assets, net990 1,422 
Goodwill17,973 17,973 
Operating lease right-of-use assets1,503 1,390 
Non-current assets held for sale (*)
25,721 26,237 
Total assets held for sale (*)
$35,771 $38,360 
LIABILITIES
Current liabilities:
Accounts payable$1,650 $1,387 
Accrued expenses and other current liabilities6,410 5,973 
Current liabilities held for sale (*)
8,060 7,360 
Long-term liabilities:
Operating lease liabilities1,335 1,067 
Deferred tax liabilities, net600 568 
Other long-term liabilities5 9 
Non-current liabilities held for sale (*)
1,940 1,644 
Total liabilities held for sale (*)
$10,000 $9,004 
(*) Assets and liabilities of the held for sale Telematics Business are presented as current in the Condensed Consolidated Balance Sheet at September 30, 2024, as the Company expects to complete the disposition within one year.
As permitted under ASC 205-20-50-5b(2), the Company has elected not to adjust the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2024 and 2023 to exclude cash flows attributable to discontinued operations. The table below sets forth, for the periods presented, significant selected financial information related to discontinued activities included in the accompanying condensed consolidated financial statements (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Non-cash items included in net (loss) income:
Depreciation and amortization$969 $1,032 $2,921 $2,867 
Share-based compensation$35 $144 $101 $390 
Cash flows from investing activities:
Purchases of property, plant and equipment$(14)$(173)$(17)$(334)
Non-cash investing activities:
Transfer of inventories to rental assets$698 $412 $2,043 $1,077 
Right-of-use assets obtained in exchange for operating leases liabilities$362 $93 $508 $1,030