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Subsequent Events
6 Months Ended
Jun. 30, 2019
Subsequent Events [Abstract]  
Subsequent Events

16. Subsequent Events

NetComm Wireless Limited Acquisition

On February 21, 2019, as previously disclosed, we entered into a definitive agreement to acquire 100% of the equity interests in NetComm by way of a scheme of arrangement subject to NetComm shareholder approval and court approval (the “Acquisition”). On July 1, 2019, the Company closed the Acquisition for cash consideration of $160,963 Australian dollars, or AUD ($112,674 United States dollars, or USD, based on an exchange rate of USD $0.700 per AUD $1.00 on July 1, 2019), using amounts included in restricted cash in the accompanying condensed consolidated balance sheet as of June 30, 2019. In addition, the Company recognized advisory fee expenses of $1,525 which became due and payable upon the closing of the acquisition.

Revolving Credit Facility

On July 1, 2019, the Company used $5,679 of borrowing capacity under its revolving credit facility for three stand-by letters of credit that serve as collateral to three of NetComm’s customers pursuant to a contractual performance guarantee.