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Business Acquisitions Business Acquisitions (Tables)
3 Months Ended
Mar. 31, 2013
Lorex Technology Inc
 
Business Acquisition [Line Items]  
Allocation of the purchase price
The preliminary allocation of the purchase price is as follows (in thousands):
Cash acquired
$
1,170

Accounts receivable, net
10,183

Inventories
13,967

Property and equipment
1,049

Other assets
3,004

Liabilities
(10,252
)
Net tangible assets
19,121

Identifiable intangible assets
15,100

Goodwill
26,949

Purchase price
$
61,170

Identifiable intangible assets and the estimated useful life
The identifiable intangible assets and the estimated useful life of each are as follows (in thousands):
 
Estimated
Useful Life
 
Amount
Lorex Trade Name
indefinite
 
$
6,800

Customer Relationships
7 years
 
8,300

 
 
 
$
15,100

Traficon International NV
 
Business Acquisition [Line Items]  
Allocation of the purchase price
The preliminary allocation of the purchase price is as follows (in thousands):
Cash acquired
$
181

Accounts receivable, net
6,435

Inventories
2,853

Property and equipment
179

Other assets
657

Liabilities
(5,248
)
Net tangible assets
5,057

Identifiable intangible assets
19,838

Goodwill
21,393

Purchase price
$
46,288

Identifiable intangible assets and the estimated useful life
The identifiable intangible assets and the estimated useful life of each are as follows (in thousands):
 
Estimated
Useful Life
 
Amount
Patented/Proprietary Technology
10 years
 
$
5,951

Backlog
1.5 years
 
1,587

Customer Relationships
12 years
 
12,300

 
 
 
$
19,838