Revenue from Contracts with Customers (ASC 606) (Tables)

6 Months Ended

Jun. 30, 2018

Disaggregation of Revenue [Abstract]

Disaggregation of Revenue [Table Text Block]

Disaggregation of Revenue

The following table summarizes net sales from contracts with customers for the three and six months ended June 30, 2018:



	Three Months Ended		Six Months Ended
	June 30, 2018
Mobile connectivity product, transferred at point in time	$	6,731	$	13,401
Mobile connectivity product, transferred over time	1,372		2,622
Mobile connectivity service	25,661		50,490
Inertial navigation product	8,059		14,131
Inertial navigation service	1,569		2,849
Total net sales	$	43,392	$	83,493

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



	Three Months Ended June 30, 2018						Six Months Ended June 30, 2018
Consolidated Statement of Operations	As reported			Pro forma as if the previous accounting guidance had been in effect			As reported			Pro forma as if the previous accounting guidance had been in effect
Sales:
Product	$	16,162		$	16,344		$	30,154		$	30,744
Service	27,230			27,230			53,339			53,339
Net Sales	43,392			43,574			83,493			84,083
Costs and expenses:
Costs of product sales	10,094			10,161			19,017			19,493
Costs of service sales	15,498			15,498			29,314			29,314
Research and development	3,565			3,565			7,499			7,499
Sales, marketing and support	8,494			8,536			17,435			17,476
General and administrative	6,928			6,928			14,595			14,595
Total operating expenses	44,579			44,688			87,860			88,377
Loss from operations	(1,187		)	(1,114		)	(4,367		)	(4,294		)
Other income (expense), net	173			173			(362		)	(362		)
Loss before income tax expense	(1,014		)	(941		)	(4,729		)	(4,656		)
Income tax expense	329			313			507			482
Net loss	$	(1,343	)	$	(1,254	)	$	(5,236	)	$	(5,138	)

Net loss per common share:
Basic and diluted	$	(0.08	)	$	(0.07	)	$	(0.31	)	$	(0.30	)



	Six Months Ended June 30, 2018
Statement of Cash Flows	As reported			Pro forma as if the previous accounting guidance had been in effect
Net loss	$	(5,236	)	$	(5,138	)
Non cash adjustments to reconcile net loss to net cash used in operating activities	7,821			7,796
Changes in operating assets and liabilities:
Accounts receivable and inventories	(1,856		)	(1,856		)
Prepaid expenses, other assets, and contract assets	(1,022		)	(505		)
Deferred revenue, contract liabilities, and long-term contract liabilities	527			(63		)
Accounts payable, accrued compensation, warranty, other, and other long-term liabilities	(1,432		)	(1,432		)
Net cash used in operating activities	$	(1,198	)	$	(1,198	)

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 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 June 30, 2018	$	3,419	$	6,266	$	11,051	$	8,374

The following tables compare the reported consolidated balance sheet, statement of operations and cash flows, as of and for the three months ended June 30, 2018, to the pro forma amounts that would have been reported if the previous guidance had been in effect:



	As of June 30, 2018
Balance Sheet	As reported			Pro forma as if the previous accounting guidance had been in effect
Cash, cash equivalent and marketable securities	$	34,872		$	34,872
Accounts receivable, net	29,837			29,837
Inventories	22,912			22,912
Contract assets	3,419			—
Prepaid expenses and other current assets	3,339			3,339
Long-lived assets	96,049			96,049
Other non-current assets	6,735			6,735
Contract assets, long-term	6,266			—
Non-current deferred income tax asset	198			21
Total assets	$	203,627		$	193,765
Accounts payable, accrued expenses, and other current liabilities	$	38,403		$	38,403
Deferred revenue, current	—			6,716
Contract liabilities	11,051			—
Long-term contract liabilities	8,374			—
Other long-term liabilities	4,793			4,793
Long-term debt, excluding current portion	38,575			38,575
Total liabilities	$	101,196		$	88,487
Accumulated deficit	(12,401		)	(9,554		)
Common stock, additional paid-in capital, and accumulated other comprehensive loss	114,832			114,832
Total stockholders’ equity	$	102,431		$	105,278
Total liabilities and stockholders’ equity	$	203,627		$	193,765