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SEGMENT REPORTING | 9 Months Ended
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Sep. 30, 2015
SEGMENT REPORTING |
SEGMENT REPORTING | 11. SEGMENT REPORTING For the nine months ended September 30, 2014, the Company had four reportable segments for separate disclosure in accordance with the FASB’s authoritative guidance on disclosures about segments of an enterprise. Those four segments were: 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 (through March 23, 2015) and iv) U.S. Wireline, which generates all of its revenues in and has all of its assets located in the United States. With the Ahana Acquisition on December 24, 2014, the Company added a fifth reportable segment, Renewable Energy, which generates all of its revenues in and has all of its assets located in the United States. Segment presentations for the nine months ended September 30, 2014 were not impacted by the Ahana Acquisition. 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 September 30, 2014
|  |  |  |  | International |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | U.S. |  | Integrated |  | Island |  | U.S. |  | Renewable |  | Reconciling |  |  |
|  | Wireless |  | Telephony |  | Wireless |  | Wireline |  | Energy |  | Items |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Wireless |  | $ | 44,306 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 44,306
International Wireless |  |  | — |  |  | 6,399 |  |  | 15,158 |  |  | — |  |  | — |  |  | — |  |  | 21,557
Wireline |  |  | 152 |  |  | 15,249 |  |  | — |  |  | 6,130 |  |  | — |  |  | — |  |  | 21,531
Renewable energy |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Equipment and Other |  |  | 278 |  |  | 183 |  |  | 1,469 |  |  | 69 |  |  | — |  |  | — |  |  | 1,999
Total Revenue |  |  | 44,736 |  |  | 21,831 |  |  | 16,627 |  |  | 6,199 |  |  | — |  |  | — |  |  | 89,393
Depreciation and amortization |  |  | 3,657 |  |  | 4,397 |  |  | 2,596 |  |  | 1,193 |  |  | — |  |  | 999 |  |  | 12,842
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,002 |  |  | 1,002
Operating income (loss) |  |  | 27,585 |  |  | 5,065 |  |  | 2,231 |  |  | (471) |  |  | — |  |  | (6,252) |  |  | 28,158
For the Three Months Ended September 30, 2015
|  |  |  |  | International |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | U.S. |  | Integrated |  | Island |  | U.S. |  | Renewable |  | Reconciling |  |  |
|  | Wireless |  | Telephony |  | Wireless |  | Wireline |  | Energy |  | Items |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Wireless |  | $ | 47,047 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 47,047
International Wireless |  |  | — |  |  | 6,503 |  |  | 13,889 |  |  | — |  |  | — |  |  | — |  |  | 20,392
Wireline |  |  | 152 |  |  | 15,572 |  |  | — |  |  | 6,091 |  |  | — |  |  | — |  |  | 21,815
Renewable energy |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,052 |  |  | — |  |  | 5,052
Equipment and Other |  |  | 480 |  |  | 462 |  |  | 1,479 |  |  | 55 |  |  | — |  |  | — |  |  | 2,476
Total Revenue |  |  | 47,679 |  |  | 22,537 |  |  | 15,368 |  |  | 6,146 |  |  | 5,052 |  |  | — |  |  | 96,782
Depreciation and amortization |  |  | 4,522 |  |  | 4,470 |  |  | 1,930 |  |  | 1,193 |  |  | 1,205 |  |  | 1,270 |  |  | 14,590
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 29 |  |  | 1,126 |  |  | 1,155
Operating income (loss) |  |  | 25,208 |  |  | 1,313 |  |  | 3,615 |  |  | (990) |  |  | 2,694 |  |  | (9,316) |  |  | 22,524
For the Nine Months Ended September 30, 2014
|  |  |  |  | International |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | U.S. |  | Integrated |  | Island |  | U.S. |  | Renewable |  | Reconciling |  |  |
|  | Wireless |  | Telephony |  | Wireless |  | Wireline |  | Energy |  | Items |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Wireless |  | $ | 110,153 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 110,153
International Wireless |  |  | — |  |  | 20,054 |  |  | 47,073 |  |  | — |  |  | — |  |  | — |  |  | 67,127
Wireline |  |  | 457 |  |  | 44,399 |  |  | — |  |  | 19,488 |  |  | — |  |  | — |  |  | 64,344
Renewable energy |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Equipment and Other |  |  | 663 |  |  | 573 |  |  | 4,782 |  |  | 194 |  |  | — |  |  | — |  |  | 6,212
Total Revenue |  |  | 111,273 |  |  | 65,026 |  |  | 51,855 |  |  | 19,682 |  |  | — |  |  | — |  |  | 247,836
Depreciation and amortization |  |  | 10,413 |  |  | 13,111 |  |  | 7,810 |  |  | 3,519 |  |  | — |  |  | 2,899 |  |  | 37,752
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,381 |  |  | 3,381
Operating income (loss) |  |  | 63,826 |  |  | 15,293 |  |  | 8,210 |  |  | (2,511) |  |  | — |  |  | (18,804) |  |  | 66,014
For the Nine Months Ended September 30, 2015 |
|  |  |  |  | International |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | U.S. |  | Integrated |  | Island |  | U.S. |  | Renewable |  | Reconciling |  |  |  |
|  | Wireless |  | Telephony |  | Wireless |  | Wireline |  | Energy |  | Items |  | Consolidated |
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Wireless |  | $ | 122,993 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 122,993 |
International Wireless |  |  | — |  |  | 19,114 |  |  | 42,673 |  |  | — |  |  | — |  |  | — |  |  | 61,787 |
Wireline |  |  | 457 |  |  | 45,583 |  |  | — |  |  | 18,457 |  |  | — |  |  | — |  |  | 64,497 |
Renewable energy |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 15,631 |  |  | — |  |  | 15,631 |
Equipment and Other |  |  | 1,606 |  |  | 1,305 |  |  | 4,467 |  |  | 167 |  |  | — |  |  | — |  |  | 7,545 |
Total Revenue |  |  | 125,056 |  |  | 66,002 |  |  | 47,140 |  |  | 18,624 |  |  | 15,631 |  |  | — |  |  | 272,453 |
Depreciation and amortization |  |  | 13,175 |  |  | 13,249 |  |  | 6,461 |  |  | 3,699 |  |  | 3,613 |  |  | 3,616 |  |  | 43,813 |
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 238 |  |  | 3,594 |  |  | 3,832 |
Operating income (loss) |  |  | 67,160 |  |  | 11,545 |  |  | 9,902 |  |  | (3,046) |  |  | 8,037 |  |  | (23,183) |  |  | 70,415 |
|  |  |  |  | International |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | U.S. |  | Integrated |  | Island |  | U.S. |  | Renewable |  | Reconciling |  |  |  |
|  | Wireless |  | Telephony |  | Wireless |  | Wireline |  | Energy |  | Items |  | Consolidated |
December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net fixed assets |  | $ | 79,910 |  | $ | 108,972 |  | $ | 26,590 |  | $ | 28,113 |  | $ | 111,342 |  | $ | 14,655 |  | $ | 369,582 |
Goodwill |  |  | 32,148 |  |  | — |  |  | 5,438 |  |  | 7,491 |  |  | — |  |  | — |  |  | 45,077 |
Total assets |  |  | 188,377 |  |  | 201,649 |  |  | 74,563 |  |  | 42,446 |  |  | 130,124 |  |  | 287,871 | (1) |  | 925,030 |
September 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net fixed assets |  | $ | 84,631 |  | $ | 107,222 |  | $ | 23,200 |  | $ | 29,593 |  | $ | 107,754 |  | $ | 13,615 |  | $ | 366,015 |
Goodwill |  |  | 32,148 |  |  | — |  |  | 5,438 |  |  | 7,491 |  |  | — |  |  | — |  |  | 45,077 |
Total assets |  |  | 193,315 |  |  | 204,315 |  |  | 76,629 |  |  | 45,387 |  |  | 122,667 |  |  | 304,145 | (1) |  | 946,458 |
| (1) |  | Includes $175 and $44 of assets associated with our discontinued operations as of December 31, 2014 and September 30, 2015, respectively.
|  | Capital Expenditures |
|  |  |  | International |  |  |  |  |  |  |  |  |  |  |
|  | U.S. |  | Integrated |  | Island |  | U.S. |  | Renewable |  | Reconciling |  |  |
Nine months ended September 30, |  | Wireless |  | Telephony |  | Wireless |  | Wireline |  | Energy |  | Items |  | Consolidated |
2014 | $ | 26,496 | $ | 6,816 | $ | 3,966 | $ | 2,325 | $ | — | $ | 2,096 | $ | 41,699 |
2015 |  | 21,617 |  | 9,720 |  | 6,077 |  | 6,015 |  | 26 |  | 2,576 |  | 46,031 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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