Note 9. Accrued Liabilities
The Company’s accrued liabilities consisted of the following:
|
|
|
December 31, |
|
|
December 31, |
|
|
|
|
2015 |
|
|
2014 |
|
|
Accrued compensation and benefits |
|
$ |
7,082 |
|
|
$ |
4,453 |
|
|
Warranty |
|
|
2,321 |
|
|
|
1,470 |
|
|
Corporate income tax payable |
|
|
204 |
|
|
|
455 |
|
|
Contingent earn-out amount |
|
|
— |
|
|
|
1,115 |
|
|
AIS deployment and license agreement |
|
|
— |
|
|
|
8 |
|
|
Accrued satellite network and other equipment |
|
|
1,642 |
|
|
|
1,188 |
|
|
Accrued inventory purchases |
|
|
1,676 |
|
|
|
— |
|
|
Milestone payable |
|
|
3,185 |
|
|
|
5,460 |
|
|
Accrued interest expense |
|
|
1,017 |
|
|
|
1,083 |
|
|
Accrued acquisition-related and integration costs |
|
|
— |
|
|
|
417 |
|
|
Accrued credit facility financing fees |
|
|
— |
|
|
|
734 |
|
|
Accrued airtime charges |
|
|
834 |
|
|
|
— |
|
|
Other accrued expenses |
|
|
6,225 |
|
|
|
3,953 |
|
|
|
|
$ |
24,186 |
|
|
$ |
20,336 |
|
For the years ended December 31, 2015 and 2014, changes in accrued warranty obligations consisted of the following:
|
|
|
December 31, |
|
|
|
|
2015 |
|
|
2014 |
|
|
Balance at January 1, |
|
$ |
1,470 |
|
|
$ |
2,199 |
|
|
Warranty liabilities assumed from acquisitions |
|
|
450 |
|
|
|
96 |
|
|
Amortization of fair value adjustment of warranty liabilities
acquired through acquisitions |
|
|
(12 |
) |
|
|
(164 |
) |
|
Reduction of warranty liabilities assumed in connection with
acquisitions |
|
|
(174 |
) |
|
|
(720 |
) |
|
Warranty expense |
|
|
827 |
|
|
|
692 |
|
|
Warranty charges |
|
|
(240 |
) |
|
|
(633 |
) |
|
Balance at December 31, |
|
$ |
2,321 |
|
|
$ |
1,470 |
|
|