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SEGMENT REPORTING | 3 Months Ended
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Mar. 31, 2023
SEGMENT REPORTING |
SEGMENT REPORTING | 13. SEGMENT REPORTING The Company has the following two reportable and operating segments: i) International Telecom and ii) US Telecom. The following tables provide information for each operating segment (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Three Months Ended March 31, 2023
​ |  | ​ | ​ |  | ​ |  | ​ | ​ | ​ | ​ | ​
​ | ​ | International | ​ | US | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Communication Services | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mobility - Business | ​ | $ | 3,575 | ​ | $ | 172 | ​ | $ | — | ​ | $ | 3,747
Mobility - Consumer | ​ | ​ | 22,532 | ​ | ​ | 987 | ​ | ​ | — | ​ | ​ | 23,519
Total Mobility | ​ | ​ | 26,107 | ​ | ​ | 1,159 | ​ | ​ | — | ​ | ​ | 27,266
Fixed - Business | ​ | ​ | 17,113 | ​ | ​ | 36,320 | ​ | ​ | — | ​ | ​ | 53,433
Fixed - Consumer | ​ | ​ | 41,778 | ​ | ​ | 22,582 | ​ | ​ | — | ​ | ​ | 64,360
Total Fixed | ​ | ​ | 58,891 | ​ |  | 58,902 | ​ |  | — | ​ |  | 117,793
Carrier Services | ​ | ​ | 3,690 | ​ | ​ | 32,084 | ​ | ​ | — | ​ | ​ | 35,774
Other | ​ |  | 400 | ​ | ​ | 75 | ​ | ​ | — | ​ | ​ | 475
Total Communication Services Revenue | ​ |  | 89,088 | ​ | ​ | 92,220 | ​ | ​ | — | ​ | ​ | 181,308
Construction | ​ | ​ | — | ​ | ​ | 590 | ​ | ​ | — | ​ | ​ | 590
Other | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Managed Services | ​ | ​ | 1,320 | ​ | ​ | 2,556 | ​ | ​ | — | ​ | ​ | 3,876
Total other revenue | ​ | ​ | 1,320 | ​ | ​ | 2,556 | ​ | ​ | — | ​ | ​ | 3,876
Total Revenue | ​ | ​ | 90,408 | ​ | ​ | 95,367 | ​ | ​ | — | ​ | ​ | 185,774
Depreciation and amortization | ​ |  | 14,186 | ​ |  | 21,487 | ​ |  | 731 | ​ |  | 36,404
Amortization of intangibles from acquisitions | ​ | ​ | 380 | ​ | ​ | 2,867 | ​ | ​ | — | ​ | ​ | 3,247
Non-cash stock-based compensation | ​ |  | 67 | ​ |  | 77 | ​ |  | 1,634 | ​ |  | 1,778
Operating income (loss) | ​ |  | 13,825 | ​ |  | (4,342) | ​ |  | (8,847) | ​ |  | 636
​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Three Months Ended March 31, 2022
​ |  | ​ | ​ |  |  |  | ​ | ​ |  | ​ | ​
​ | ​ | International | ​ | US | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Other (1) | ​ | Consolidated
Revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Communication Services | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mobility - Business | ​ | $ | 3,616 | ​ | $ | 374 | ​ | $ | — | ​ | $ | 3,990
Mobility - Consumer | ​ | ​ | 19,970 | ​ | ​ | 1,456 | ​ | ​ | — | ​ | ​ | 21,426
Total Mobility | ​ | ​ | 23,586 | ​ | ​ | 1,830 | ​ | ​ | — | ​ | ​ | 25,416
Fixed - Business | ​ | ​ | 17,254 | ​ | ​ | 27,145 | ​ | ​ | — | ​ | ​ | 44,399
Fixed - Consumer | ​ | ​ | 41,093 | ​ | ​ | 18,968 | ​ | ​ | — | ​ | ​ | 60,061
Total Fixed | ​ | ​ | 58,347 | ​ | ​ | 46,113 | ​ | ​ | — | ​ | ​ | 104,460
Carrier Services | ​ | ​ | 3,402 | ​ | ​ | 32,989 | ​ | ​ | — | ​ | ​ | 36,391
Other | ​ |  | 276 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 276
Total Communication Services Revenue | ​ |  | 85,611 | ​ | ​ | 80,932 | ​ | ​ | — | ​ | ​ | 166,543
Construction | ​ | ​ | — | ​ | ​ | 1,987 | ​ | ​ | — | ​ | ​ | 1,987
Other | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Managed Services | ​ | ​ | 1,176 | ​ | ​ | 2,313 | ​ | ​ | — | ​ | ​ | 3,489
Total Other Revenue | ​ | ​ | 1,176 | ​ | ​ | 2,313 | ​ | ​ | — | ​ | ​ | 3,489
Total Revenue | ​ | ​ | 86,787 | ​ | ​ | 85,232 | ​ | ​ | — | ​ | ​ | 172,019
Depreciation | ​ |  | 13,897 | ​ | ​ | 18,442 | ​ | ​ | 953 | ​ |  | 33,292
Amortization of intangibles from acquisitions | ​ | ​ | 418 | ​ | ​ | 2,840 | ​ | ​ | — | ​ | ​ | 3,258
Non-cash stock-based compensation | ​ |  | 60 | ​ | ​ | 90 | ​ | ​ | 1,311 | ​ |  | 1,461
Operating income (loss) | ​ |  | 11,802 | ​ | ​ | (4,635) | ​ | ​ | (7,059) | ​ |  | 108
​ ​ Selected balance sheet data for each of the Company’s segments as of March 31, 2023 and December 31, 2022 consists of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ |  | ​ |  |  | ​ | ​
​ | ​ | International | ​ | US | ​ | Corporate and | ​ | ​ | ​
​ | ​ | Telecom | ​ | Telecom | ​ | Other (1) | ​ | Consolidated
March 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash, cash equivalents, and short-term investments | ​ | $ | 30,664 | ​ | $ | 19,433 | ​ | $ | 6,219 | ​ | $ | 56,316
Total current assets | ​ | ​ | 113,711 | ​ | ​ | 110,108 | ​ | ​ | 7,733 | ​ | ​ | 231,552
Fixed assets, net | ​ | ​ | 468,961 | ​ | ​ | 580,633 | ​ | ​ | 6,769 | ​ | ​ | 1,056,363
Goodwill | ​ |  | 4,835 | ​ |  | 35,269 | ​ |  | — | ​ | ​ | 40,104
Total assets | ​ |  | 658,621 | ​ |  | 959,395 | ​ |  | 81,999 | ​ | ​ | 1,700,015
Total current liabilities | ​ | ​ | 88,967 | ​ | ​ | 96,844 | ​ | ​ | 19,573 | ​ | ​ | 205,384
Total debt | ​ | ​ | 63,235 | ​ | ​ | 327,553 | ​ | ​ | 122,000 | ​ | ​ | 512,788
December 31, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash, cash equivalents, and short-term investments | ​ | $ | 25,345 | ​ | $ | 22,679 | ​ | $ | 6,936 | ​ | $ | 54,960
Total current assets | ​ | ​ | 105,324 | ​ | ​ | 116,038 | ​ | ​ | 8,326 | ​ | ​ | 229,688
Fixed assets, net | ​ | ​ | 462,447 | ​ | ​ | 585,969 | ​ | ​ | 7,538 | ​ | ​ | 1,055,954
Goodwill | ​ |  | 4,835 | ​ |  | 35,269 | ​ |  | — | ​ | ​ | 40,104
Total assets | ​ |  | 643,664 | ​ |  | 980,543 | ​ |  | 83,662 | ​ | ​ | 1,707,869
Total current liabilities | ​ | ​ | 86,738 | ​ | ​ | 119,755 | ​ | ​ | 26,687 | ​ | ​ | 233,180
Total debt | ​ | ​ | 59,659 | ​ | ​ | 308,589 | ​ | ​ | 99,000 | ​ | ​ | 467,248
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Capital Expenditures
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
​ | ​ | ​ | International | ​ | ​ | US | ​ | ​ | Corporate and | ​ | ​ | ​
Three months ended March 31, | ​ | ​ | Telecom | ​ | ​ | Telecom | ​ | ​ | Other (1) | ​ | ​ | Consolidated
2023 | ​ | $ | 21,464 | ​ | $ | 31,261 | ​ | $ | — | ​ | $ | 52,725
2022 | ​ | ​ | 15,170 | ​ | ​ | 19,095 | ​ | ​ | 203 | ​ | ​ | 34,468
​
| (1) | Corporate and other 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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