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SEGMENT REPORTING | 6 Months Ended
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Jun. 30, 2016
SEGMENT REPORTING |
SEGMENT REPORTING | 12. SEGMENT REPORTING For the three and six months ended June 30, 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 the results of its KeyTech Transaction, and iii) Renewable Energy, consisting of the Company’s former Renewable Energy segment and the results of its Vibrant Energy Acquisition. 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 June 30, 2016
|  | U.S. |  | International |  | Renewable |  | Reconciling |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Items (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 37,655 |  | $ | 19,433 |  | $ | — |  | $ | — |  | $ | 57,088
Wireline |  |  | 5,811 |  |  | 28,165 |  |  | — |  |  | — |  |  | 33,976
Equipment and Other |  |  | 481 |  |  | 2,764 |  |  | 120 |  |  | — |  |  | 3,365
Renewable Energy |  |  | — |  |  | — |  |  | 5,562 |  |  | — |  |  | 5,562
Total Revenue |  |  | 43,947 |  |  | 50,362 |  |  | 5,682 |  |  | — |  |  | 99,991
Depreciation and amortization |  |  | 5,609 |  |  | 8,209 |  |  | 1,207 |  |  | 1,467 |  |  | 16,493
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | 28 |  |  | 1,877 |  |  | 1,905
Operating income (loss) |  |  | 4,797 |  |  | 1,955 |  |  | (3,619) |  |  | (1,221) |  |  | 1,912
For the Three Months Ended June 30, 2015
|  | U.S. |  | International |  | Renewable |  | Reconciling |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Items (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 40,103 |  | $ | 20,223 |  | $ | — |  | $ | — |  | $ | 60,326
Wireline |  |  | 6,679 |  |  | 15,410 |  |  | — |  |  | — |  |  | 22,089
Equipment and Other |  |  | 698 |  |  | 1,923 |  |  | — |  |  | — |  |  | 2,621
Renewable Energy |  |  | — |  |  | — |  |  | 5,290 |  |  | — |  |  | 5,290
Total Revenue |  |  | 47,480 |  |  | 37,556 |  |  | 5,290 |  |  | — |  |  | 90,326
Depreciation and amortization |  |  | 5,657 |  |  | 6,399 |  |  | 1,204 |  |  | 1,212 |  |  | 14,472
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | 29 |  |  | 1,424 |  |  | 1,453
Operating income (loss) |  |  | 23,122 |  |  | 10,332 |  |  | 2,691 |  |  | (7,413) |  |  | 28,732
For the Six Months Ended June 30, 2016
|  | U.S. |  | International |  | Renewable |  | Reconciling |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Items (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 77,119 |  | $ | 38,846 |  | $ | — |  | $ | — |  | $ | 115,965
Wireline |  |  | 11,857 |  |  | 44,564 |  |  | — |  |  | — |  |  | 56,421
Equipment and Other |  |  | 1,169 |  |  | 4,850 |  |  | 120 |  |  | — |  |  | 6,139
Renewable Energy |  |  | — |  |  | — |  |  | 11,151 |  |  | — |  |  | 11,151
Total Revenue |  |  | 90,145 |  |  | 88,260 |  |  | 11,271 |  |  | — |  |  | 189,676
Depreciation and amortization |  |  | 11,229 |  |  | 14,586 |  |  | 2,415 |  |  | 2,818 |  |  | 31,047
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | 57 |  |  | 3,576 |  |  | 3,633
Operating income (loss) |  |  | 21,579 |  |  | 9,655 |  |  | (3,555) |  |  | (9,875) |  |  | 17,804
For the Six Months Ended June 30, 2015
|  | U.S. |  | International |  | Renewable |  | Reconciling |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Items (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 75,946 |  | $ | 41,395 |  | $ | — |  | $ | — |  | $ | 117,341
Wireline |  |  | 12,672 |  |  | 30,009 |  |  | — |  |  | — |  |  | 42,681
Equipment and Other |  |  | 1,239 |  |  | 3,830 |  |  | — |  |  | — |  |  | 5,069
Renewable Energy |  |  | — |  |  | — |  |  | 10,579 |  |  | — |  |  | 10,579
Total Revenue |  |  | 89,857 |  |  | 75,234 |  |  | 10,579 |  |  | — |  |  | 175,670
Depreciation and amortization |  |  | 11,159 |  |  | 13,310 |  |  | 2,408 |  |  | 2,346 |  |  | 29,223
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | 210 |  |  | 2,467 |  |  | 2,677
Operating income (loss) |  |  | 39,896 |  |  | 16,520 |  |  | 5,343 |  |  | (13,867) |  |  | 47,892
|  | U.S. |  | International |  | Renewable |  | Reconciling |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Items (1) |  | Consolidated
June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net fixed assets |  | $ | 120,103 |  | $ | 243,935 |  | $ | 112,147 |  | $ | 10,544 |  | $ | 486,729
Goodwill |  |  | 32,148 |  |  | 5,438 |  |  | 3,279 |  |  | — |  |  | 40,865
Total assets |  |  | 242,524 |  |  | 390,932 |  |  | 143,190 |  |  | 268,738 |  |  | 1,045,384
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 |  |  |  |  |
Six months ended June 30, |  |  | Telecom |  |  | Telecom |  |  | Energy |  |  | Items (1) |  |  | Consolidated |  |
2016 |  | $ | 16,447 |  | $ | 22,283 |  | $ | 242 |  | $ | 3,755 |  | $ | 42,727 |  |
2015 |  |  | 17,075 |  |  | 9,265 |  |  | 12 |  |  | 1,679 |  |  | 28,031 |  |
(1) Reconciling items refer to corporate overhead matters and consolidating adjustments.

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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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