Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.8.0.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Reconciliation of operating profit (loss) by segment
The following table summarizes revenue and gross margin by our reportable segments (as they existed as of March 31, 2017) for the three months ended March 31, 2017 and 2016 (in thousands):

 
Three Months Ended March 31,
 
2017
 
2016
Revenue:
 
 
 
Media & Content
 
 
 
Licensing and services
$
76,380

 
$
83,606

Aviation Connectivity (former segment)(*)
 
 
 
Services
28,195

 
24,225

Equipment
6,563

 
5,986

Total
34,758

 
30,211

Maritime & Land Connectivity (former segment)(*)(+)
 
 
 
Services
39,068

 
—

Equipment
2,386

 
—

Total
41,454

 
—

Total revenue
$
152,592

 
$
113,817

Gross Margin:
 
 
 
Media & Content
$
22,125

 
$
27,969

Aviation Connectivity (former segment)(*)
9,733

 
9,080

Maritime & Land Connectivity (former segment)(*)
10,194

 
—

Total Gross Margin
42,052

 
37,049

Other operating expenses
143,465

 
42,042

Loss from operations
$
(101,413
)
 
$
(4,993
)

(*) As noted in the narrative preceding this table, we reorganized our business into two Operating Segments (Media & Content and Connectivity) in the second quarter of 2017.
(+) We acquired EMC (which became our Maritime & Land Connectivity reporting segment) in July 2016, and as such do not report the financial performance of this business at March 31, 2016.
Schedule of assets by segment
The Company’s total assets by segment were as follows (in thousands):

 
March 31, 2017
 
December 31, 2016
Segment Assets:
 
 
 
Media & Content
$
374,456

 
$
391,668

Aviation Connectivity (former segment)(*)
178,121

 
151,136

Maritime & Land Connectivity (former segment)(*)
462,106

 
539,327

Total segment assets
1,014,683

 
1,082,131

Corporate assets
75,611

 
17,304

Total assets
$
1,090,294

 
$
1,099,435


(*) As noted in the narrative preceding this table, we reorganized our business into two Operating Segments (Media & Content and Connectivity) in the second quarter of 2017.