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Revenue Recognition | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | 3. Revenue Recognition Remaining performance obligations As of June 30, 2024, the aggregate amount of the transaction price in our contracts allocated to the remaining unsatisfied performance obligations (“RPO”) was approximately $278 million and excludes consideration from contracts that have an original duration of one year or less. Approximately $264 million of the RPO primarily represents connectivity and entertainment service revenues which are recognized as services are provided, which is expected to occur through the remaining term of the contracts. Our contracts vary in length and generally have terms of two to ten years. We expect to recognize approximately 21% of our connectivity and entertainment service RPO within the next year, approximately 43% in one to five years and the remaining 36% in five to ten years. The remaining $14 million of the RPO represents future equipment revenue that is expected to be recognized primarily within the next three years as equipment is shipped. Disaggregation of revenue The following table presents our revenue disaggregated by category (in thousands):
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Service revenue |  |  |  |  |  |  |  |  |  |  |  |
Connectivity |  | $ | 80,613 |  |  | $ | 77,799 |  |  | $ | 160,971 |  |  | $ | 155,045 |
Entertainment and other |  |  | 1,316 |  |  |  | 1,263 |  |  |  | 2,631 |  |  |  | 2,516 |
Total service revenue |  | $ | 81,929 |  |  | $ | 79,062 |  |  | $ | 163,602 |  |  | $ | 157,561 |
Equipment revenue |  |  |  |  |  |  |  |  |  |  |  |
ATG |  | $ | 17,196 |  |  | $ | 20,327 |  |  | $ | 36,543 |  |  | $ | 35,883 |
Narrowband satellite |  |  | 2,228 |  |  |  | 2,158 |  |  |  | 3,922 |  |  |  | 4,809 |
Other |  |  | 706 |  |  |  | 1,674 |  |  |  | 2,314 |  |  |  | 3,565 |
Total equipment revenue |  | $ | 20,130 |  |  | $ | 24,159 |  |  | $ | 42,779 |  |  | $ | 44,257 |
Customer type |  |  |  |  |  |  |  |  |  |  |  |
Aircraft owner/operator/service provider |  | $ | 81,929 |  |  | $ | 79,062 |  |  | $ | 163,602 |  |  | $ | 157,561 |
OEM and aftermarket dealer |  |  | 20,130 |  |  |  | 24,159 |  |  |  | 42,779 |  |  |  | 44,257 |
Total revenue |  | $ | 102,059 |  |  | $ | 103,221 |  |  | $ | 206,381 |  |  | $ | 201,818 |
Contract balances Our current and non-current contract asset balances totaled $15.7 million and $16.6 million as of June 30, 2024 and December 31, 2023, respectively. Contract assets represent the aggregate amount of revenue recognized in excess of billings and recoverable contract costs primarily for certain sales programs. Our current and non-current deferred revenue balances totaled $1.9 million and $1.0 million as of June 30, 2024 and December 31, 2023, respectively. Deferred revenue includes, among other things, prepayments for equipment and subscription connectivity products.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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