v3.20.2

Business Combinations | 9 Months Ended
--- | ---
Sep. 30, 2020
Business Combinations [Abstract] |
BUSINESS COMBINATIONS | BUSINESS COMBINATIONSIn May 2019, we entered into an agreement with Al Yah Satellite Communications Company PrJSC (“Yahsat”) pursuant to which, in November 2019, Yahsat contributed its satellite communications services business in Brazil to one of our Brazilian subsidiaries in exchange for a 20% equity ownership interest in that subsidiary (the “Yahsat Brazil JV Transaction”). The combined business provides broadband internet services and enterprise solutions in Brazil using the Telesat T19V satellite, the Eutelsat 65W satellite and Yahsat’s Al Yah 3 satellite. The results of operations related to the business we acquired from Yahsat have been included in these Condensed Consolidated Financial Statements from the date of acquisition. Thro ugh September 30, 2020, we have incu rred $1.6 million of costs associated with the closing of the Yahsat Brazil JV Transaction. All assets and liabilities acquired from Yahsat have been recorded at fair value. The following table presents our updated preliminary allocation of the purchase price:
|  | Amounts
Assets: |  |
Cash and cash equivalents |  | $ | 8,110 |
Other current assets, net |  | 7,106 |
Property and equipment |  | 86,983 |
Regulatory authorization |  | 4,498 |
Goodwill |  | 6,076 |
Other non-current assets, net |  | 1,502 |
Total assets |  | $ | 114,275 |
Liabilities: |  |
Trade accounts payable |  | $ | 3,879 |
Accrued expenses and other current liabilities |  | 4,796 |
Total liabilities |  | $ | 8,675 |
Total purchase price (1) |  | $ | 105,600 |
(1) Based on the value determined for the equity ownership interest issued by our Brazilian subsidiary as consideration for the business acquired by us in the Yahsat Brazil JV Transaction. The following preliminary valuation of the acquired assets was derived using primarily unobservable Level 3 inputs, which require significant management judgment and estimation:
|  | Amounts
Satellite payload |  | $ | 49,363 |
Regulatory authorization |  | 4,498 |
Total |  | $ | 53,861 |
The satellite payload and regulatory authorization were valued using an income approach and are being amortized over seven and 11 years, respectively. The goodwill we recognized was allocated entirely to our Hughes segment and attributed to expected synergies, projected long-term business growth in current and new markets and an assembled workforce.

X
- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
Name: | us-gaap_BusinessCombinationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration