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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Components of Goodwill

Goodwill consisted of the following:

 

Balance at January 1, 2014

   $ 20,335   

Addition resulting from the acquisition of Euroscan

     20,626   

Reduction of warranty liabilities within the one-year measurement period assumed in connection with the acquisition of GlobalTrak

     (250
  

 

 

 

Balance at March 31, 2014

   $ 40,711   
  

 

 

 

Components of Intangible Assets

The Company’s intangible assets consisted of the following:

 

          March 31, 2014      December 31, 2013  
     Useful life           Accumulated                   Accumulated        
    

(years)

   Cost      amortization     Net      Cost      amortization     Net  

Customer lists

   5, 7, 10 and 12    $ 21,850         (1,434   $ 20,416       $ 7,450       $ (1,183   $ 6,267   

Patents and technology

   5 and 10      8,380         (1,575     6,805         5,980         (1,398     4,582   

Trade names and trademarks

   3, 5 and 10      1,690         (337     1,353         1,090         (303     787   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
      $ 31,920       $ (3,346   $ 28,574       $ 14,520       $ (2,884   $ 11,636   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
Estimated Amortization Expense for Intangible Assets

Estimated amortization expense for intangible assets subsequent to March 31, 2014 is as follows:

 

Years ending December 31,

  

Remainder of 2014

   $ 2,318   

2015

     3,091   

2016

     3,089   

2017

     2,939   

2018

     2,901   

Thereafter

     14,236   
  

 

 

 
   $ 28,574