ASC 606 and Business and Credit Concentrations Impact of New Revenue Guidance on Financial Statement Line Items (Tables)

3 Months Ended

Mar. 31, 2018

Impact of New Revenue Guidance on Financial Statement Line Items [Abstract]

Schedule of Prospective Adoption of New Accounting Pronouncements [Table Text Block]



	Three Months Ended March 31, 2018
Statement of Cash Flows	As reported			Pro forma as if the previous accounting guidance had been in effect
Net loss	$	(3,893	)	$	(3,884	)
Non cash adjustments to reconcile net loss to net cash used in operating activities	3,980			3,971
Changes in operating assets and liabilities:
Accounts receivable and inventories	(649		)	(649		)
Prepaid expenses, other assets, and contract assets	(1,487		)	(1,079		)
Deferred revenue, contract liabilities, and long-term contract liabilities	1,094			686
Accounts payable, accrued compensation, warranty, other, and other long-term liabilities	(242		)	(242		)
Net cash used in operating activities	$	(1,197	)	$	(1,197	)

The adoption of ASC 606 had no impact on the Company’s cash flows from operations. The aforementioned impacts resulted in offsetting shifts in cash flows throughout net loss and various changes in working capital balances.



	Contract Assets				Contract Liabilities
	Current		Non-Current		Current		Non-Current
Balance at January 1, 2018	$	3,205	$	5,963	$	11,039	$	7,998
Balance at March 31, 2018	$	3,305	$	6,272	$	11,973	$	8,301

The Company adopted ASC 606 using the modified retrospective method. The cumulative effect of applying the new guidance to all contracts with customers that were not completed as of January 1, 2018 was recorded as an adjustment to accumulated deficit as of the adoption date. As a result of applying the modified retrospective method to adopt the new revenue guidance, the following adjustments were made to accounts on the consolidated balance sheet as of January 1, 2018:



	As Reported			Adjustments			Adjusted
	December 31, 2017			mini-VSAT Product			January 1, 2018
Cash, cash equivalent and marketable securities	$	42,915		$	—		$	42,915
Accounts receivable, net	28,316			—			28,316
Inventories	22,732			—			22,732
Contract assets	—			3,205			3,205
Prepaid expenses and other current assets	3,816			—			3,816
Long-lived assets	92,513			—			92,513
Other non-current assets	5,927			—			5,927
Contract assets, long-term	—			5,963			5,963
Non-current deferred income tax asset	20			202			222
Total assets	$	196,239		$	9,370		$	205,609
Accounts payable, accrued expenses, and other current liabilities	$	36,430		—			$	36,430
Deferred revenue, current	6,919			(6,919		)	—
Contract liabilities	—			11,039			11,039
Long-term contract liabilities	—			7,998			7,998
Other long-term liabilities	2,653			—			2,653
Long-term debt, excluding current portion	44,572			—			44,572
Total liabilities	$	90,574		$	12,118		$	102,692
Accumulated deficit	(4,417		)	(2,748		)	(7,165		)
Common stock, additional paid-in capital, and accumulated other comprehensive loss	110,082			—			110,082
Total stockholders’ equity	$	105,665		$	(2,748	)	$	102,917
Total liabilities and stockholders’ equity	$	196,239		$	9,370		$	205,609

The following tables compare the reported consolidated balance sheet, statement of operations and cash flows, as of and for the three months ended March 31, 2018, to the pro forma amounts that would have been reported if the previous guidance had been in effect:



	As of March 31, 2018
Balance Sheet	As reported			Pro forma as if the previous accounting guidance had been in effect
Cash, cash equivalent and marketable securities	$	41,100		$	41,100
Accounts receivable, net	28,550			28,550
Inventories	23,327			23,327
Contract assets	3,305			—
Prepaid expenses and other current assets	4,419			4,419
Long-lived assets	97,728			97,728
Other non-current assets	6,437			6,437
Contract assets, long-term	6,272			—
Non-current deferred income tax asset	214			21
Total assets	$	211,352		$	201,582
Accounts payable, accrued expenses, and other current liabilities	$	37,400		$	37,400
Deferred revenue, current	—			7,748
Contract liabilities	11,973			—
Long-term contract liabilities	8,301			—
Other long-term liabilities	5,143			5,143
Long-term debt, excluding current portion	41,701			41,701
Total liabilities	$	104,518		$	91,992
Accumulated deficit	(11,058		)	(8,302		)
Common stock, additional paid-in capital, and accumulated other comprehensive loss	117,892			117,892
Total stockholders’ equity	$	106,834		$	109,590
Total liabilities and stockholders’ equity	$	211,352		$	201,582



	Three Months Ended March 31, 2018
Consolidated Statement of Operations	As reported			Pro forma as if the previous accounting guidance had been in effect
Sales:
Product	$	13,992		$	14,400
Service	26,109			26,109
Net Sales	40,101			40,509
Costs and expenses:
Costs of product sales	8,923			9,332
Costs of service sales	13,816			13,816
Research and development	3,934			3,934
Sales, marketing and support	8,941			8,940
General and administrative	7,667			7,667
Total operating expenses	43,281			43,689
Loss from operations	(3,180		)	(3,180		)
Other expense, net	(535		)	(535		)
Loss before income tax expense	(3,715		)	(3,715		)
Income tax expense	178			169
Net loss	$	(3,893	)	$	(3,884	)

Net loss per common share:
Basic and diluted	$	(0.23	)	$	(0.23	)