| Schedule of Property, Plant and Equipment |
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.
|
|
| Schedule of Depreciation Expense by Classification |
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 |
|
|