Rendering

Component: (Network and Table)
Network
2302302 - Disclosure - Summary of Significant Accounting Policies (Tables)
(http://www.fenixparts.com/role/SummaryOfSignificantAccountingPoliciesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001615153 (http://www.sec.gov/CIK)
Accounting Policies [Abstract]Period [Axis]
2015-01-01 - 2015-12-31
Accounting Policies [Abstract]
 
Schedule of Product Warranty Liability
The change in the deferred warranty liability for the year ended December 31, 2015 is summarized below:
(In thousands)
 
Beginning balance
$
—

Warranty sales
1,061

Revenue recognized
(289
)
Ending balance
$
772

  
Schedule of Estimated Useful Lives
Estimated useful lives of property and equipment acquired after May 19, 2015 are as follows:
Vehicles
5 years
Machinery and equipment
3-10 years
Leasehold improvements
10-15 years or term of lease, if shorter
Office furniture and fixtures
7 years
Computer equipment and software
5 years

For property and equipment the Company acquired in the acquisition of the Subsidiaries, the range of estimated remaining useful lives are as follows:
Vehicles
3-4 years
Machinery and equipment
4-6 years
Leasehold improvements
5-6 years or term of lease, if shorter
Office furniture and fixtures
4-6 years
Computer equipment and software
1-5 years

  
Schedule of Finite-Lived Intangible Assets
The components of intangible assets are as follows at December 31, 2015:
(In thousands)
Gross Carrying Amount
 
Exchange Rate Effects
 
Accumulated Amortization
 
Net
Trade names
$
6,230

 
$
(197
)
 
$
(724
)
 
$
5,309

Customer relationships
29,456

 
(1,299
)
 
(1,121
)
 
27,036

Covenants not to compete
1,710

 
(61
)
 
(208
)
 
1,441

    Intangible assets, net
$
37,396

 
$
(1,557
)
 
$
(2,053
)
 
$
33,786

 
 
 
 
 
 
 
 
Off market lease payments
$
1,538

 
$
(83
)
 
$
(237
)
 
$
1,218

  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The additional rent expense related to the incremental off market lease payments for the next five years is as follows:
(In thousands)
 
2016
$
328

2017
$
376

2018
$
304

2019
$
208

2020
$
140

The following table shows the estimated future amortization expense for intangible assets as of December 31, 2015 for the next five years:
(In thousands)
 
2016
$
3,342

2017
$
3,622

2018
$
3,877

2019
$
3,946

2020
$
2,980

  
Schedule Of Indemnification Receivable
The change in the Indemnification Receivables for the year ended December 31, 2015 is summarized below:
(In thousands)
 
Beginning balance
$
—

Indemnification receivables from acquisitions
5,124

Expense from change in indemnification asset
(46
)
Ending balance
$
5,078

  
Schedule of Anti-dilutive Securities
The following outstanding equity instruments as of December 31, 2015 are not included in the computation of diluted loss per share as the effect of including such stock options and restricted stock units in the computation would be anti-dilutive:
(In thousands, except per share amounts)
 
Year Ended 
 December 31, 2015
 
Period from
January 2, 2014 (Inception) to
December 31, 2014
Stock options
 
1,596,297

 
—

Restricted stock units
 
150,000

 
—

Leesville bonus shares
 
271,111

 
—

  
Calculations of Earnings (Loss) Per Share
The calculations of loss per share for the years ended December 31, 2015 and 2014, are as follows:
(In thousands, except per share amounts)
 
Year Ended December 31,
 
 
2015
 
2014
Basic Loss per Common Share:
 
 
 
 
Net loss
 
$
(26,042
)
 
(4,747
)
Net loss allocable to Fenix Canada preferred shares
 
(1,222
)
 
—

Net loss available to common shares
 
$
(24,820
)
 
$
(4,747
)
Weighted-average common shares outstanding
 
13,333

 
2,143

Basic and diluted loss per common share
 
$
(1.86
)
 
$
(2.22
)