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SEGMENT REPORTING | 9 Months Ended
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Sep. 30, 2016
SEGMENT REPORTING |
SEGMENT REPORTING | 12. SEGMENT REPORTING For the three and nine months ended September 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 in the first quarter of the year 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 and Innovative Acquisitions as discussed below, and iii) Renewable Energy, consisting of the Company’s former Renewable Energy segment and the results of its Vibrant Energy Acquisition. The prior year 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 September 30, 2016
|  | U.S. |  | International |  | Renewable |  | Reconciling |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Items (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 40,076 |  | $ | 21,075 |  | $ | — |  | $ | — |  | $ | 61,151
Wireline |  |  | 6,936 |  |  | 59,193 |  |  | — |  |  | — |  |  | 66,129
Equipment and Other |  |  | 548 |  |  | 5,045 |  |  | 138 |  |  | — |  |  | 5,731
Renewable Energy |  |  | — |  |  | — |  |  | 5,784 |  |  | — |  |  | 5,784
Total Revenue |  |  | 47,560 |  |  | 85,313 |  |  | 5,922 |  |  | — |  |  | 138,795
Depreciation and amortization |  |  | 6,176 |  |  | 12,896 |  |  | 1,227 |  |  | 1,567 |  |  | 21,866
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | 28 |  |  | 1,371 |  |  | 1,399
Operating income (loss) |  |  | 18,120 |  |  | 11,358 |  |  | 2,822 |  |  | (10,219) |  |  | 22,081
For the Three Months Ended September 30, 2015
|  | U.S. |  | International |  | Renewable |  | Reconciling |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Items (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 47,047 |  | $ | 20,474 |  | $ | — |  | $ | — |  | $ | 67,521
Wireline |  |  | 6,243 |  |  | 15,517 |  |  | — |  |  | — |  |  | 21,760
Equipment and Other |  |  | 535 |  |  | 1,914 |  |  | — |  |  | — |  |  | 2,449
Renewable Energy |  |  | — |  |  | — |  |  | 5,052 |  |  | — |  |  | 5,052
Total Revenue |  |  | 53,825 |  |  | 37,905 |  |  | 5,052 |  |  | — |  |  | 96,782
Depreciation and amortization |  |  | 5,715 |  |  | 6,400 |  |  | 1,205 |  |  | 1,270 |  |  | 14,590
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | 29 |  |  | 1,127 |  |  | 1,156
Operating income (loss) |  |  | 24,218 |  |  | 4,928 |  |  | 2,694 |  |  | (9,316) |  |  | 22,524
For the Nine Months Ended September 30, 2016
|  | U.S. |  | International |  | Renewable |  | Reconciling |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Items (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 117,194 |  | $ | 60,106 |  | $ | — |  | $ | — |  | $ | 177,300
Wireline |  |  | 18,793 |  |  | 103,397 |  |  | — |  |  | — |  |  | 122,190
Equipment and Other |  |  | 1,716 |  |  | 10,071 |  |  | 259 |  |  | — |  |  | 12,046
Renewable Energy |  |  | — |  |  | — |  |  | 16,935 |  |  | — |  |  | 16,935
Total Revenue |  |  | 137,703 |  |  | 173,574 |  |  | 17,194 |  |  | — |  |  | 328,471
Depreciation and amortization |  |  | 17,405 |  |  | 27,482 |  |  | 3,642 |  |  | 4,384 |  |  | 52,913
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | 86 |  |  | 4,946 |  |  | 5,032
Operating income (loss) |  |  | 39,698 |  |  | 28,320 |  |  | (734) |  |  | (27,398) |  |  | 39,886
For the Nine Months Ended September 30, 2015
|  | U.S. |  | International |  | Renewable |  | Reconciling |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Items (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 122,993 |  | $ | 62,279 |  | $ | — |  | $ | — |  | $ | 185,272
Wireline |  |  | 18,915 |  |  | 44,605 |  |  | — |  |  | — |  |  | 63,520
Equipment and Other |  |  | 1,774 |  |  | 6,256 |  |  | — |  |  | — |  |  | 8,030
Renewable Energy |  |  | — |  |  | — |  |  | 15,631 |  |  | — |  |  | 15,631
Total Revenue |  |  | 143,682 |  |  | 113,140 |  |  | 15,631 |  |  | — |  |  | 272,453
Depreciation and amortization |  |  | 16,874 |  |  | 19,710 |  |  | 3,613 |  |  | 3,616 |  |  | 43,813
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | 238 |  |  | 3,594 |  |  | 3,832
Operating income (loss) |  |  | 64,114 |  |  | 21,447 |  |  | 8,037 |  |  | (23,187) |  |  | 70,411
|  | U.S. |  | International |  | Renewable |  | Reconciling |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Items (1) |  | Consolidated
September 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net fixed assets |  | $ | 134,219 |  | $ | 357,733 |  | $ | 116,354 |  | $ | 10,229 |  | $ | 618,535
Goodwill |  |  | 32,739 |  |  | 26,024 |  |  | 3,279 |  |  | — |  |  | 62,042
Total assets |  |  | 252,827 |  |  | 588,190 |  |  | 180,115 |  |  | 144,925 |  |  | 1,166,057
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 |  |  |  |  |
Nine months ended September 30, |  |  | Telecom |  |  | Telecom |  |  | Energy |  |  | Items (1) |  |  | Consolidated |  |
2016 |  | $ | 26,709 |  | $ | 36,543 |  | $ | 10,326 |  | $ | 4,877 |  | $ | 78,455 |  |
2015 |  |  | 27,632 |  |  | 15,797 |  |  | 26 |  |  | 2,576 |  |  | 46,031 |  |
(1) Reconciling items refer to corporate overhead costs 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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&loc=d3e8906-108599 + Details
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