| Summary of changes to condensed consolidated balance sheet and statement of operations |
In addition, adoption of the standard resulted in the following changes to the consolidated balance sheet as of January 1, 2018:
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January 1, 2018
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Adjustment for
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January 1, 2018
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(Per ASC 605)
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Adoption
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(Per ASC 606)
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Accounts receivable, net
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$
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26,148
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$
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(1,069)
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$
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25,079
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Prepaid expenses and other current assets
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$
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6,369
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$
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170
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$
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6,539
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Other assets
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$
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10,082
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$
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(2,179)
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$
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7,903
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Deferred revenue, current
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$
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61,708
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$
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14,176
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$
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75,884
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Deferred revenue, net of current portion
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$
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149,168
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$
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(20,580)
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$
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128,588
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The below table summarizes the changes to our consolidated balance sheet as of December 31, 2018 as a result of the adoption of ASC 606:
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December 31, 2018
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Adjustment for
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December 31, 2018
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(Per ASC 605)
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Adoption
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(Per ASC 606)
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(in thousands)
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Accounts receivable, net
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$
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43,410
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$
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(644)
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$
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42,766
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Prepaid expenses and other current assets
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$
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7,603
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$
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212
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$
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7,815
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Other assets
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$
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12,224
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$
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(2,288)
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$
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9,936
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Deferred revenue, current
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$
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82,731
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$
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(2,348)
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$
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80,383
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Deferred revenue, net of current portion
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$
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147,785
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$
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(10,580)
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$
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137,205
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Non-controlling interests
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$
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408
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$
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1,803
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$
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2,211
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The below table summarizes the changes to our consolidated statement of operations for the year ended December 31, 2018 as a result of the adoption of ASC 606 with income taxes calculated excluding the tax effect on the equity component of the Convertible Notes:
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Year Ended
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Year Ended
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December 31, 2018
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Adjustment for
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December 31, 2018
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(Per ASC 605)
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Adoption
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(Per ASC 606)
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(in thousands)
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Revenue
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$
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244,307
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$
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6,514
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$
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250,821
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Income tax benefit
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$
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(4,785)
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$
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(368)
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$
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(5,153)
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Non-controlling interests
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$
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(245)
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$
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1,734
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$
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1,489
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| Summary of the entity's revenue disaggregated by product offerings |
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Year Ended December 31,
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2018
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2017 (1)
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2016 (1)
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Revenue:
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DAS
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$
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95,216
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$
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80,552
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$
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58,182
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Military/multifamily
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77,721
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55,129
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39,975
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Wholesale-Wi-Fi
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47,481
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31,529
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22,221
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Retail
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17,630
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24,926
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26,636
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Advertising and other
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12,773
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12,233
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12,330
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Total revenue
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$
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250,821
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$
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204,369
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$
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159,344
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(1)
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As noted above, prior period amounts have not been adjusted upon adoption of ASC 606 under the modified retrospective method. |
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