Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment, net

v3.8.0.1
Property, Plant and Equipment, net
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment, net
Property, Plant and Equipment, net

Property, plant and equipment, net, consisted of the following (in thousands):

 
December 31,
 
2016
 
2015
Leasehold improvements
$
5,737

 
$
3,886

Furniture and fixtures
1,332

 
2,154

Equipment (3)
86,339

 
21,043

Computer equipment
8,002

 
6,967

Computer software (1)
18,207

 
8,677

Automobiles
325

 
255

Buildings
7,039

 
2,649

Albatross (aircraft)
425

 
425

Satellite transponder (2)
62,131

 
6,700

Construction in-progress (3)
8,380

 
6,319

Total property, plant, and equipment
197,917

 
59,075

Accumulated depreciation (1) (2) (3)
(31,868
)
 
(20,009
)
Property, plant and equipment, net
$
166,049

 
$
39,066



(1)
Includes computer software acquired under capital leases of $1.0 million and $0.9 million and related accumulated amortization of $0.4 million and $0.1 million as of December 31, 2016 and 2015.

(2)
Includes satellite transponders acquired under capital leases of $2.0 million and the related accumulated depreciation of $0.6 million as of December 31, 2016. There was no satellite transponders acquired under capital leases as of December 31, 2015.

(3)
Includes internally developed software of $10.7 million and $7.6 million and related accumulated amortization of $6.3 million and $2.7 million as of December 31, 2016 and 2015, respectively. Amortization expense for the years ended December 31, 2016, 2015 and 2014 was $3.6 million, $1.7 million and $0.8 million, respectively. Impairment loss for the year ended December 31, 2016 was $4.1 million included in the Consolidated Statements of Operations. There were no impairment losses during the years ended December 31, 2015 and 2014. During the years ended December 31, 2016, 2015 and 2014, the Company capitalized software development costs totaling $5.0 million, $3.3 million and $3.3 million, respectively.

Depreciation expense for property, plant and equipment, including software amortization expense and amortization of assets under capital leases, for the years ended December 31, 2016, 2015, and 2014 is as follows (in thousands):

 
Year Ended December 31,
 
2016
 
2015
 
2014
Consolidated Statement of Operations Classification:
 
 
 
 
 
Cost of sales
$
10,855

 
$
2,957

 
$
2,820

Sales and marketing
1,793

 
893

 
471

Product development
2,186

 
1,443

 
858

General and administrative
6,677

 
4,154

 
3,030

Total
$
21,511

 
$
9,447

 
$
7,179