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SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2014
SEGMENT REPORTING  
SEGMENT REPORTING

11.  SEGMENT REPORTING

 

The Company has four reportable segments for separate disclosure in accordance with the FASB’s authoritative guidance on disclosures about segments of an enterprise. Those four segments are: i) U.S. Wireless, which generates all of its revenues in and has all of its assets located in the United States, ii) International Integrated Telephony, which generates all of its revenues in and has all of its assets located in Guyana, iii) Island Wireless, which generates a majority of its revenues in, and has a majority of its assets located in, Bermuda and which also generates revenues in and has assets located in the U.S. Virgin Islands, Aruba and Turks and Caicos and iv) U.S. Wireline, which generates all of its revenues in and has all of its assets located in the United States. The operating segments are managed separately because each offers different services and serves different markets.

 

The following tables provide information for each operating segment (in thousands):

 

 

 

For the Three Months Ended March 31, 2013

 

 

 

U.S. Wireless

 

International
Integrated
Telephony

 

Island
Wireless

 

U.S.
Wireline

 

Reconciling
Items

 

Consolidated

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. wireless

 

$

21,213

 

$

—

 

$

—

 

$

—

 

$

—

 

$

21,213

 

International wireless

 

—

 

6,754

 

14,676

 

—

 

—

 

21,430

 

Wireline

 

152

 

15,683

 

—

 

6,581

 

(1,852

)

20,564

 

Equipment and other

 

103

 

254

 

1,218

 

50

 

—

 

1,625

 

Total revenue

 

21,468

 

22,691

 

15,894

 

6,631

 

(1,852

)

64,832

 

Depreciation and amortization

 

3,611

 

4,781

 

2,595

 

642

 

359

 

11,988

 

Non-cash stock-based compensation

 

—

 

—

 

—

 

—

 

806

 

806

 

Operating income (loss)

 

9,717

 

5,942

 

1,634

 

(408

)

(4,806

)

12,079

 

 

 

 

For the Three Months Ended March 31, 2014

 

 

 

U.S. Wireless

 

International
Integrated
Telephony

 

Island
Wireless

 

U.S.
Wireline

 

Reconciling
Items

 

Consolidated

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. wireless

 

$

28,392

 

$

—

 

$

—

 

$

—

 

$

—

 

$

28,392

 

International wireless

 

—

 

6,897

 

16,251

 

—

 

—

 

23,148

 

Wireline

 

152

 

14,706

 

—

 

7,308

 

(636

)

21,530

 

Equipment and other

 

179

 

194

 

1,672

 

59

 

—

 

2,104

 

Total revenue

 

28,723

 

21,797

 

17,923

 

7,367

 

(636

)

75,174

 

Depreciation and amortization

 

3,303

 

4,313

 

2,608

 

1,140

 

616

 

11,980

 

Non-cash stock-based compensation

 

—

 

—

 

—

 

—

 

1,058

 

1,058

 

Operating income (loss)

 

13,589

 

5,635

 

3,426

 

(1,074

)

(5,328

)

16,248

 

 

 

 

Segment Assets

 

 

 

U.S. Wireless

 

International
Integrated
Telephony

 

Island
Wireless

 

U.S.
Wireline

 

Reconciling
Items

 

Consolidated

 

December 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net fixed assets

 

$

73,592

 

$

118,917

 

$

29,310

 

$

26,082

 

$

6,731

 

$

254,632

 

Goodwill

 

32,148

 

—

 

5,438

 

7,491

 

—

 

45,077

 

Total assets

 

151,094

(1)

197,903

 

74,427

 

45,351

 

390,944

 

859,719

 

March 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net fixed assets

 

$

67,550

 

$

115,465

 

$

27,363

 

$

26,447

 

$

15,478

 

$

252,303

 

Goodwill

 

32,148

 

—

 

5,438

 

7,491

 

—

 

45,077

 

Total assets

 

153,675

(1)

201,665

 

76,476

 

43,542

 

351,164

 

826,522

 

 

(1)                                  Includes $4,748 and $163 of assets associated with our discontinued operations as of December 31, 2013 and March 31, 2014, respectively.

 

 

 

Capital Expenditures

 

 

 

U.S. Wireless

 

International
Integrated
Telephony

 

Island
Wireless

 

U.S.
Wireline

 

Reconciling
Items

 

Consolidated

 

Three Months Ended March 31,

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

$

4,480

 

$

4,120

 

$

1,111

 

$

5,095

 

$

549

 

$

15,355

 

2014

 

5,337

 

2,176

 

366

 

430

 

427

 

8,736