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Held for Sale and Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations, Condensed Consolidated Statements of Operations, Comprehensive Income and Balance Sheet | The following table summarizes Income from discontinued operations, net of tax included in the Consolidated Statements of Operations and Comprehensive Income for the years ended December 31, 2024 and 2023 (in thousands):
| Year Ended December 31,
| 2024 |  | 2023
Services and other revenues | $ | 27,967 |  |  | $ | 28,402 |
Services and other cost of revenues | 12,242 |  |  | 11,724 |
Gross profit from discontinued operations | 15,725 |  |  | 16,678 |
Operating costs and expenses: |  |  |
Research and development | 1,152 |  |  | 1,789 |
Sales and marketing | 4,672 |  |  | 4,872 |
General and administrative | 6,120 |  |  | 4,868 |
Depreciation and amortization | 1,293 |  |  | 1,351 |
Impairment of capitalized software | — |  |  | 4,124 |
Total operating costs and expenses | 13,237 |  |  | 17,004 |
Operating income from discontinued operations | 2,488 |  |  | (326) |
Other (expense) income: |  |  |
Interest income, net | 12 |  |  | 14 |
Other income (expense), net | (59) |  |  | (16) |
Gain on sale of discontinued operation(a) | 18,456 |  |  | — |
Income from discontinued operations before income taxes | 20,897 |  |  | (328) |
Income tax provision | 1,956 |  |  | 841 |
Income from discontinued operations, net of tax | $ | 18,941 |  |  | $ | (1,169) |
(a) The gain on sale realized in fiscal 2024 includes the release of Accumulated other comprehensive income of $6.1 million associated with the realization of cumulative translation gains attributed to the Telematics Business The following table summarizes the Company’s Telematics Business’ held for sale assets and liabilities in the Consolidated Balance Sheet (in thousands):
| December 31, 2023
ASSETS |
Current assets: |
Cash and cash equivalents | $ | 5,110 |
Accounts receivable, net | 4,414 |
Inventories | 2,325 |
Prepaid expenses and other | 274 |
Current assets held for sale | 12,123 |
Non-current assets: |
Property, plant and equipment, net | 369 |
Rental assets, net | 5,083 |
Intangible assets, net | 1,422 |
Goodwill | 17,973 |
Operating lease right-of-use assets | 1,390 |
Non-current assets held for sale | 26,237 |
Total assets held for sale | $ | 38,360 |
LIABILITIES |
Current liabilities: |
Accounts payable | $ | 1,387 |
Accrued expenses and other current liabilities | 5,973 |
Current liabilities held for sale | 7,360 |
Long-term liabilities: |
Operating lease liabilities | 1,067 |
Deferred tax liabilities, net | 568 |
Other long-term liabilities | 9 |
Non-current liabilities held for sale | 1,644 |
Total liabilities held for sale | $ | 9,004 |

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