Annual report pursuant to Section 13 and 15(d)

Goodwill

v3.8.0.1
Goodwill
 12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
Goodwill

The changes in the carrying amounts of goodwill by reporting unit are as follows (in thousands):

 
Aviation Connectivity
 
Maritime & Land Connectivity
 
Media & Content
 
Total
Balance as of December 31, 2015
$
19,273

 
$
—

 
$
74,523

 
$
93,796

Goodwill related to the EMC acquisition
78,764

 
210,380

 
9,703

 
298,847

Impairment loss
—

 
(64,000
)
 
—

 
(64,000
)
Adjustment to RMG goodwill
—

 
—

 
(812
)
 
(812
)
Foreign currency translation
—

 
—

 
5

 
5

Balance as of December 31, 2016
98,037

 
146,380

 
83,419

 
327,836

Impairment loss
(44,000
)
 
(123,000
)
 
—

 
(167,000
)
Settlement received related to acquisition
—

 
(1,250
)
 
—

 
(1,250
)
Foreign currency translation
—

 
—

 
110

 
110

Balance as of December 31, 2017
$
54,037

 
$
22,130

 
$
83,529

 
$
159,696

 
 
 
 
 
 
 
 
Balance as of December 31, 2017
 
 
 
 
 
 
 
Gross carrying amount
$
98,037

 
$
209,130

 
$
83,529

 
$
390,696

Accumulated impairment loss
(44,000
)
 
(187,000
)
 
—

 
(231,000
)
Balance as of December 31, 2017, net
$
54,037

 
$
22,130

 
$
83,529

 
$
159,696


Refer to Note 3. Business Combinations for the details of goodwill that arose from the EMC Acquisition in 2016 and WOI, RMG, navAero and masFlight acquisitions in 2015 and for changes during those years affecting goodwill. During the year ended December 31, 2017 we determined that goodwill relating to our Maritime & Land Connectivity and Aviation Connectivity reporting units was impaired and we recognized an impairment loss of $123.0 million and $44.0 million, respectively. During the year ended December 31, 2016 we recorded an impairment loss of $64.0 million to our Maritime & Land Connectivity reporting unit. There was no goodwill impairment recognized in the year ended December 31, 2015. Refer to Note 2. Basis of Presentation and Summary of Significant Accounting Policies for details regarding the goodwill impairment losses.
On June 29, 2017, we received $1.3 million from the seller of the EMC business, relating to the working capital adjustment escrow in the EMC purchase agreement. The receipt was recorded as a purchase price accounting measurement period adjustment reducing the goodwill balance.
As of December 31, 2017 our Maritime & Land reporting unit, which is included in our Connectivity segment, had negative carrying amounts of assets. As of December 31, 2017, remaining goodwill allocated to this reporting unit was $22.1 million.