Capital Lease (Notes)

3 Months Ended

Mar. 31, 2018

Capital Leases in Financial Statements of Lessee Disclosure [Text Block]

(19) Capital Lease

During the first quarter of 2018, the Company entered into a five-year capital lease for three satellite hubs for its HTS network. As of March 31, 2018, the gross costs and accumulated depreciation associated with this lease are included in revenue generating assets and amounted to $3,068 and $78, respectively. Property and equipment under capital leases are stated at the present value of minimum lease payments.

The property and equipment held under this capital lease are amortized on a straight‑line basis over the seven-year estimated useful life of the asset, since the lease meets the bargain purchase option criteria. Amortization of assets held under capital leases is included within depreciation expense. Depreciation expense for these capital assets was $78 for the three months ended March 31, 2018.

The future minimum capital lease payments under this capital lease as of March 31, 2018 are:




Remainder of 2018	$	468
2019	624
2020	624
2021	624
2022	624
2023	45
Total minimum lease payments	$	3,009

Less amount representing interest (1.53%)	$	(47	)
Present value of net minimum capital lease payments	$	2,962
Less current installments of obligation under accrued other	$	562
Obligations under other long-term liabilities, excluding current installments	$	2,400