XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.7.0.1

SEGMENT REPORTING | 6 Months Ended
--- | ---
Jun. 30, 2017
SEGMENT REPORTING |
SEGMENT REPORTING | 10. SEGMENT REPORTING The Company’s reportable segments 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 One Communications and Viya 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 following tables provide information for each operating segment (in thousands):
For the Three Months Ended June 30, 2017
|  | U.S. |  | International |  | Renewable |  | Corporate and |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Other (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 34,505 |  | $ | 19,955 |  | $ | — |  | $ | — |  | $ | 54,460
Wireline |  |  | 2,057 |  |  | 59,402 |  |  | — |  |  | — |  |  | 61,459
Renewable Energy |  |  | — |  |  | — |  |  | 4,891 |  |  | — |  |  | 4,891
Equipment and Other |  |  | 416 |  |  | 2,013 |  |  | 6 |  |  | — |  |  | 2,435
Total Revenue |  |  | 36,978 |  |  | 81,370 |  |  | 4,897 |  |  | — |  |  | 123,245
Depreciation and amortization |  |  | 6,246 |  |  | 13,134 |  |  | 1,830 |  |  | 1,044 |  |  | 22,254
Non-cash stock-based compensation |  |  | — |  |  | 8 |  |  | 29 |  |  | 2,061 |  |  | 2,098
Operating income (loss) |  |  | 13,147 |  |  | 10,805 |  |  | 846 |  |  | (8,955) |  |  | 15,843
For the Three Months Ended June 30, 2016
|  | U.S. |  | International |  | Renewable |  | Corporate and |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Other (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 37,655 |  | $ | 19,433 |  | $ | — |  | $ | — |  | $ | 57,088
Wireline |  |  | 5,811 |  |  | 28,165 |  |  | — |  |  | — |  |  | 33,976
Renewable Energy |  |  | — |  |  | — |  |  | 5,562 |  |  | — |  |  | 5,562
Equipment and Other |  |  | 480 |  |  | 2,765 |  |  | 120 |  |  | — |  |  | 3,365
Total Revenue |  |  | 43,946 |  |  | 50,363 |  |  | 5,682 |  |  | — |  |  | 99,991
Depreciation and amortization |  |  | 5,609 |  |  | 8,209 |  |  | 1,207 |  |  | 1,468 |  |  | 16,493
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | 28 |  |  | 1,877 |  |  | 1,905
Operating income (loss) |  |  | 4,797 |  |  | 9,259 |  |  | (3,618) |  |  | (8,526) |  |  | 1,912
For the Six Months Ended June 30, 2017
|  | U.S. |  | International |  | Renewable |  | Corporate and |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Other (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 71,668 |  | $ | 39,022 |  | $ | — |  | $ | — |  | $ | 110,690
Wireline |  |  | 8,108 |  |  | 117,151 |  |  | — |  |  | — |  |  | 125,259
Renewable Energy |  |  | — |  |  | — |  |  | 9,791 |  |  | — |  |  | 9,791
Equipment and Other |  |  | 995 |  |  | 4,487 |  |  | 138 |  |  | — |  |  | 5,620
Total Revenue |  |  | 80,771 |  |  | 160,660 |  |  | 9,929 |  |  | — |  |  | 251,360
Depreciation and amortization |  |  | 12,797 |  |  | 26,250 |  |  | 3,284 |  |  | 2,416 |  |  | 44,747
Non-cash stock-based compensation |  |  | — |  |  | 138 |  |  | 57 |  |  | 3,591 |  |  | 3,786
Operating income (loss) |  |  | 28,533 |  |  | 20,771 |  |  | 2,287 |  |  | (17,955) |  |  | 33,636
For the Six Months Ended June 30, 2016
|  | U.S. |  | International |  | Renewable |  | Corporate and |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Other (1) |  | Consolidated
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wireless |  | $ | 77,119 |  | $ | 38,846 |  | $ | — |  | $ | — |  | $ | 115,965
Wireline |  |  | 11,857 |  |  | 44,564 |  |  | — |  |  | — |  |  | 56,421
Renewable Energy |  |  | — |  |  | — |  |  | 11,151 |  |  | — |  |  | 11,151
Equipment and Other |  |  | 1,169 |  |  | 4,850 |  |  | 120 |  |  | — |  |  | 6,139
Total Revenue |  |  | 90,145 |  |  | 88,260 |  |  | 11,271 |  |  | — |  |  | 189,676
Depreciation and amortization |  |  | 11,229 |  |  | 14,586 |  |  | 2,415 |  |  | 2,817 |  |  | 31,047
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | 57 |  |  | 3,576 |  |  | 3,633
Operating income (loss) |  |  | 21,579 |  |  | 16,959 |  |  | (3,555) |  |  | (17,179) |  |  | 17,804
(1) Corporate and Other items refer to corporate overhead costs and consolidating adjustments Selected balance sheet data for each of our segments as of June 30, 2017 and December 31, 2016 consists of the following (in thousands):
|  | U.S. |  | International |  | Renewable |  | Corporate and |  |  |
|  | Telecom |  | Telecom |  | Energy |  | Other (1) |  | Consolidated
June 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash, Cash equivalents, and Investments |  | $ | 14,353 |  | $ | 98,684 |  | $ | 18,679 |  | $ | 107,679 |  | $ | 239,395
Total current assets |  |  | 43,730 |  |  | 152,351 |  |  | 27,209 |  |  | 121,045 |  |  | 344,335
Fixed assets, net |  |  | 102,532 |  |  | 374,748 |  |  | 156,503 |  |  | 15,951 |  |  | 649,734
Goodwill |  |  | 35,268 |  |  | 24,326 |  |  | 3,279 |  |  | — |  |  | 62,873
Total assets |  |  | 205,968 |  |  | 602,990 |  |  | 201,785 |  |  | 190,733 |  |  | 1,201,476
Total current liabilities |  |  | 44,733 |  |  | 76,896 |  |  | 15,134 |  |  | 15,128 |  |  | 151,891
Total debt |  |  | — |  |  | 95,446 |  |  | 64,236 |  |  | — |  |  | 159,682
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash, Cash equivalents, and Investments |  | $ | 22,235 |  | $ | 97,681 |  | $ | 27,378 |  | $ | 131,664 |  | $ | 278,958
Total current assets |  |  | 50,983 |  |  | 143,201 |  |  | 37,440 |  |  | 135,745 |  |  | 367,369
Fixed assets, net |  |  | 129,274 |  |  | 372,741 |  |  | 130,268 |  |  | 15,429 |  |  | 647,712
Goodwill |  |  | 35,268 |  |  | 24,326 |  |  | 3,279 |  |  | — |  |  | 62,873
Total assets |  |  | 240,006 |  |  | 597,454 |  |  | 190,253 |  |  | 170,505 |  |  | 1,198,218
Total current liabilities |  |  | 23,162 |  |  | 95,502 |  |  | 12,603 |  |  | 18,838 |  |  | 150,105
Total debt |  |  | — |  |  | 91,316 |  |  | 65,507 |  |  | — |  |  | 156,823
|  |  | Capital Expenditures |
|  |  | U.S. |  |  | International |  |  | Renewable |  |  | Corporate and |  |  |  |  |
Six months ended June 30, |  |  | Telecom |  |  | Telecom |  |  | Energy |  |  | Other (1) |  |  | Consolidated |  |
2017 |  | $ | 12,602 |  | $ | 37,118 |  | $ | 25,535 |  | $ | 3,294 |  | $ | 78,549 |  |
2016 |  |  | 16,447 |  |  | 22,283 |  |  | 242 |  |  | 3,755 |  |  | 42,727 |  |
| (1) |  | Corporate and Other items refer to corporate overhead costs and consolidating adjustments.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration