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SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2016
SEGMENT REPORTING  
SEGMENT REPORTING

11. SEGMENT REPORTING

 

For the three months ended March 31, 2015, the Company had five reportable segments for separate disclosure in accordance with the FASB’s authoritative guidance on disclosures about segments of an enterprise. Those five segments were: i) U.S. Wireless, which generated all of its revenues in and had all of its assets located in the United States, ii) International Integrated Telephony, which generated all of its revenues in and had all of its assets located in Guyana, iii) Island Wireless, which generated a majority of its revenues in, and had a majority of its assets located in, Bermuda and which also generated revenues in and had assets located in the U.S. Virgin Islands, Aruba and Turks and Caicos (through March 23, 2015),  iv) U.S. Wireline, which generated all of its revenues in and had all of its assets located in the United States, and v) Renewable Energy, which generated all of its revenues in and had all of its assets located in the United States.  The operating segments were managed separately because each offers different services and serves different markets. 

 

To be consistent with how management allocates resources and assesses the performance of its business operations in 2016, the Company updated its reportable operating segments to consist of the following: i) U.S. Telecom, consisting of the Company’s former U.S. Wireless and U.S. Wireline segments, ii) International Telecom, consisting of the Company’s former Island Wireless and International Integrated Telephony segments, and iii) Renewable Energy, consisting of the Company’s former Renewable Energy segment.  The prior period segment information has been recast to conform to the current year’s segment presentation.

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended March 31, 2016

 

    

 

 

    

 

    

 

 

    

 

 

 

 

 

 

 

U.S.

 

International

 

Renewable

 

Reconciling

 

 

 

 

 

Telecom

 

Telecom

 

Energy

 

Items  (1)

 

Consolidated

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wireless

 

$
39,464

 

$
19,414

 

$

 —

 

$

 —

 

$
58,878

Wireline

 

 
6,046

 

 
16,399

 

 

 —

 

 

 —

 

 
22,445

Equipment and Other

 

 
688

 

 
2,086

 

 

 —

 

 

 —

 

 
2,774

Renewable Energy

 

 

 —

 

 

 —

 

 
5,589

 

 

 —

 

 
5,589

Total Revenue

 

 
46,198

 

 
37,899

 

 
5,589

 

 

 —

 

 
89,686

Depreciation and amortization

 

 
5,654

 

 
6,341

 

 
1,207

 

 
1,352

 

 
14,554

Non-cash stock-based compensation

 

 

 —

 

 

 —

 

 
28

 

 
1,700

 

 
1,728

Operating income (loss)

 

 
16,746

 

 
7,737

 

 
63

 

 
(8,653)

 

 
15,893

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended March 31, 2015

 

    

 

 

    

    

    

 

 

    

 

 

    

 

 

 

 

U.S.

 

International

 

Renewable

 

Reconciling

 

 

 

 

 

Telecom

 

Telecom

 

Energy

 

Items  (1)

 

Consolidated

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wireless

 

$
35,843

 

$
21,172

 

$

 —

 

$

 —

 

$
57,015

Wireline

 

 
5,993

 

 
14,600

 

 

 —

 

 

 —

 

 
20,593

Equipment and Other

 

 
540

 

 
1,907

 

 

 —

 

 

 —

 

 
2,447

Renewable Energy

 

 

 —

 

 

 —

 

 
5,289

 

 

 —

 

 
5,289

Total Revenue

 

 
42,376

 

 
37,679

 

 
5,289

 

 

 —

 

 
85,344

Depreciation and amortization

 

 
5,503

 

 
6,911

 

 
1,204

 

 
1,133

 

 
14,751

Non-cash stock-based compensation

 

 

 —

 

 

 —

 

 
181

 

 
1,043

 

 
1,224

Operating income (loss)

 

 
16,775

 

 
6,179

 

 
2,652

 

 
(6,455)

 

 
19,151

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

    

 

 

    

 

    

    

 

 

 

 

U.S.

 

International

 

Renewable

 

Reconciling

 

 

 

 

 

Telecom

 

Telecom

 

Energy

 

Items  (1)

 

Consolidated

March 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net fixed assets

 

$
118,857

 

$
138,348

 

$
105,349

 

$
12,741

 

$
375,295

Goodwill

 

 
39,639

 

 
5,438

 

 

 —

 

 

 —

 

 
45,077

Total assets

 

 
243,156

 

 
285,491

 

 
123,775

 

 
305,591

 

 
958,013

December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net fixed assets

 

$
119,596

 

$
133,262

 

$
106,560

 

$
14,085

 

$
373,503

Goodwill

 

 
39,639

 

 
5,438

 

 

 —

 

 

 —

 

 
45,077

Total assets

 

 
227,707

 

 
278,770

 

 
122,788

 

 
315,739

 

 
945,004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Expenditures

 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

    

 

 

 

 

U.S.

 

 

International

 

 

Renewable

 

 

Reconciling

 

 

 

 

 

Three months ended  March 31, 

 

 

Telecom

 

 

Telecom

 

 

Energy

 

 

Items  (1)

 

 

Consolidated

 

 

2016

 

$
7,561

 

$
7,774

 

$

 —

 

$
1,110

 

$
16,445

 

 

2015

 

 
7,871

 

 
5,209

 

 

 —

 

 
732

 

 
13,812

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)   Reconciling items refer to corporate overhead matters and consolidating adjustments.