GOODWILL (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

 

The changes in the carrying amount of goodwill for the years ended December 31, 2016 and 2015 are as follows:

	December 31,
	2016		2015
Goodwill, beginning of the year	$	31,388	$	33,524
Additions in respect of acquisitions		6,070		-
Impairment of Goodwill (see notes 1e and 2g)		-		(758)
Foreign currency translation adjustments		649		(1,378)
Goodwill, end of year	$	38,107	$	31,388

Schedule of Good will Reporting Unit [Table Text Block]

The carrying value of goodwill by reporting unit as of 31 December, 2016 is as follows:

Reporting unit	2016
Cellocator	$	2,534
SVR (*)		27,219
Pointer brazil		2,373
Cielo brazil		5,981
	$	38,107

The carrying value of goodwill by reporting unit as of 31 December 2015 is as follows:

Reporting unit	2015
Cellocator	$	2,534
SVR (*)		26,873
Pointer brazil		1,981
	$	31,388

(*) SVR in Israel.

Schedule of Material Assumptions [Table Text Block]

The material assumptions used for the income approach for 2016 were:

	Cellocator			SVR			Pointer brazil			Cielo
Discount rate		16	%		14	%		22	%	21	%
Growth rate		3	%		2	%		6.5	%	6.5	%
Years of projected cash flows		5			5			5		5