Business Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2017

Acquired Finite-Lived Intangible Assets [Line Items]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Planned Divestiture of the Consumer and Small and Medium-Sized Security Business

During the fourth quarter of 2017, the Company committed to a plan to sell the Consumer and Small and Medium-sized ("SMB") Security business that has a carrying amount of $51.3 million as of December 31, 2017. In the fourth quarter of 2017, all the held for sale criteria were met and all the assets and liabilities of the disposal group were classified as held for sale on the Consolidated Balance Sheets accordingly. The Company estimates the fair value of the disposal group to be $28.8 million. The costs to sell the disposal group, including legal fees, brokers commissions and other closing costs are estimated to be approximately $1.1 million. Consequently, the Company recorded a pre-tax loss on net assets held for sale of $23.6 million as of December 31, 2017 representing the excess of the $51.3 million carrying value over the $27.7 million estimated fair value less costs to sell. The estimated loss on sale has been recorded as loss on net assets held for sale on the Consolidated Statements of Income. This anticipated disposal does not qualify as discontinued operations and therefore, is included in the Company’s continuing operations for all periods presented. The carrying amounts of the major classes of assets and liabilities held for sale included the following (in thousands):

Accounts receivable, net	$	20,414
Inventories	43,050
Other current assets	1,031
Property and equipment, net	4,888
Intangible assets, net	8,359
Goodwill	13,090
Loss on assets	(23,488		)
Assets held for sale, net	$	67,344
Accounts payable and accrued expenses	$	39,544
Liabilities held for sale	$	39,544

Note 18. Business Acquisitions and Divestitures - (Continued)

We ceased recording depreciation and amortization on property, plant and equipment and identified intangibles assets, respectively, as of the date the assets triggered held for sale accounting. There were no assets or liabilities classified as held for sale as of December 31, 2016. On February 6, 2018, the Company completed the sale of this business. See Note 21, "Subsequent Events", for further discussion.

Disposal Groups, Including Discontinued Operations [Table Text Block]

The carrying amounts of the major classes of assets and liabilities held for sale included the following (in thousands):

Accounts receivable, net	$	20,414
Inventories	43,050
Other current assets	1,031
Property and equipment, net	4,888
Intangible assets, net	8,359
Goodwill	13,090
Loss on assets	(23,488		)
Assets held for sale, net	$	67,344
Accounts payable and accrued expenses	$	39,544
Liabilities held for sale	$	39,544

Armasight, Inc. [Member]

Acquired Finite-Lived Intangible Assets [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The allocation of the purchase price for Armasight is as follows (in thousands):

Cash acquired	$	2,804
Other tangible assets and liabilities, net	1,925
Net deferred taxes	(1,855		)
Identifiable intangible assets	7,600
Goodwill	32,994
Total purchase price	$	43,468

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The following table presents the acquired intangible assets, their estimated fair values, and estimated useful lives (in thousands, except years):

	Estimated Useful Life	Amount
Customer relationships	4.0 years	5,200
Trade name	3.0 years	1,000
Trade Secrets	6.0 years	1,400
		$	7,600

DVTEL [Member]

Acquired Finite-Lived Intangible Assets [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

These amounts have been recorded within the Company's Security segment.

The allocation of the purchase price for DVETEL is as follows (in thousands):

Cash acquired	$	5,015
Other tangible assets and liabilities, net	4,025
Net deferred taxes	582
Identifiable intangible assets	27,380
Goodwill	60,494
Total purchase price	$	97,496

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The following table presents the acquired intangible assets, their estimated fair values, and estimated useful lives (in thousands, except years):

	Estimated Useful Life	Amount
Developed technology	7.5 years	$	21,500
Customer relationships	10.0 years	3,800
In-process research and development	n/a	1,700
Other	1.0 year	380
		$	27,380

Point Grey Research, Inc. [Member]

Acquired Finite-Lived Intangible Assets [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The allocation of the purchase price for Point Grey is as follows (in thousands):

Cash acquired	$	2,994
Other tangible assets and liabilities, net	35,127
Net deferred taxes	(2,438		)
Identifiable intangible assets	39,800
Goodwill	183,678
Total purchase price	$	259,161

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The following table presents the acquired intangible assets, their estimated fair values, and estimated useful lives (in thousands, except years):

	Estimated Useful Life	Amount
Developed technology	10.0 years	$	23,100
Customer relationships	7.0 years	13,200
Backlog	1.0 year	2,300
Non-Competition Agreements	5.0 years	1,000
Other	n/a	200
		$	39,800

Prox Dynamics, AS [Member]

Acquired Finite-Lived Intangible Assets [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The allocation of the purchase price for Prox Dynamics is as follows (in thousands):

Cash acquired	$	11,706
Other tangible assets and liabilities, net	(900		)
Net deferred taxes	(4,250		)
Identifiable intangible assets	31,400
Goodwill	96,431
Total purchase price	$	134,387

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The following table presents the acquired intangible assets, their estimated fair values, and estimated useful lives (in thousands, except years):

	Estimated Useful Life	Amount
Developed technology	8 years	$	23,400
Customer relationships	7 years	3,500
Patents	8 years	3,100
Trade name	8 years	1,400
		$	31,400

Held-for-sale [Member]

Acquired Finite-Lived Intangible Assets [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The carrying amounts of the major classes of assets and liabilities held for sale included the following (in thousands):

Accounts receivable, net	$	20,414
Inventories	43,050
Other current assets	1,031
Property and equipment, net	4,888
Intangible assets, net	8,359
Goodwill	13,090
Loss on assets	(23,488		)
Assets held for sale, net	$	67,344
Accounts payable and accrued expenses	$	39,544
Liabilities held for sale	$	39,544