XML 44 R47.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Acquisitions Business Acquisitions (Tables)
12 Months Ended
Dec. 31, 2013
Lorex Technology Inc. [Member]
 
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The 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

Net deferred taxes
(4,171
)
Identifiable intangible assets
15,100

Goodwill
31,121

Purchase price
$
61,171

None of the goodwill recognized is deductible for income tax purposes.
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
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]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The 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

Net deferred taxes
(6,903
)
Identifiable intangible assets
20,102

Goodwill
30,107

Purchase price
$
48,363

None of the goodwill recognized is deductible for income tax purposes.
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
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
 
1,852

Customer Relationships
10 years
 
12,299

 
 
 
$
20,102

DigitalOptics Charlotte [Member]
 
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The allocation of the purchase price for DOC Charlotte is as follows (in thousands):
Inventories
$
741

Property and equipment
9,246

Net tangible assets
9,987

Identifiable intangible assets
2,520

Goodwill
2,401

Purchase price
$
14,908


None of the goodwill recognized is deductible for income tax purposes.
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
The identifiable intangible assets and the estimated useful life of each are as follows (in thousands):
 
Estimated
Useful Life
 
Amount
Patented/Proprietary Technology
12 years
 
$
2,000

Backlog
2 years
 
150

Customer Relationships
2.5 years
 
370

 
 
 
$
2,520