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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net revenues (note 10) $ 304,337 $ 311,202 $ 337,145
Cost of revenues (note 10)      
Cost of revenues 193,039 200,401 217,579
Network expenses 14,769 10,194 9,190
Depreciation of property and equipment (note 4) 17,452 12,144 8,475
Amortization of intangible assets (note 5) 583 1,340 1,124
Network, impairment 201 1,638 0
Total cost of revenues 226,044 225,717 236,368
Gross profit 78,293 85,485 100,777
Expenses:      
Sales and marketing 39,471 34,274 34,270
Technical operations and development 14,310 12,427 9,717
General and administrative 22,370 20,268 17,880
Depreciation of property and equipment (note 4) 534 488 486
Loss (gain) on disposition of property and equipment 234 (17) 73
Amortization of intangible assets (note 5) 9,424 10,080 9,209
Impairment of definite life intangible assets (note 5) 0 1,431 0
Gain on currency forward contracts (note 7) (277) (383) (198)
Total expenses 86,066 78,568 71,437
Income from operations (7,773) 6,917 29,340
Other income (expenses):      
Interest expense, net (4,617) (3,611) (4,769)
Gain on sale of Ting customer assets, net (note 16) 20,030 7,612 0
Other expense, net (370) (158) 0
Total other income (expenses) 15,043 3,843 (4,769)
Income before provision for income taxes 7,270 10,760 24,571
Provision for income taxes (note 9) 3,906 4,985 9,173
Net income for the period 3,364 5,775 15,398
Other comprehensive income, net of tax      
Unrealized income (loss) on hedging activities (note 7) 572 1,653 1,101
Net amount reclassified to earnings (note 7) (2,565) 210 182
Other comprehensive income (loss) net of tax expense (recovery) of ($595) and $550 and $411 for the years ended December 31, 2021, 2020 and 2019 (note 7) (1,993) 1,863 1,283
Comprehensive income, net of tax for the period $ 1,371 $ 7,638 $ 16,681
Basic earnings per common share (note 17) (in dollars per share) $ 0.32 $ 0.55 $ 1.45
Shares used in computing basic earnings per common share (note 17) (in shares) 10,662,337 10,590,684 10,623,799
Diluted earnings per common share (note 17) (in dollars per share) $ 0.31 $ 0.54 $ 1.43
Shares used in computing diluted earnings per common share (note 17) (in shares) 10,817,468 10,692,281 10,772,812