Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment, net

v3.19.1
Property, Plant and Equipment, net
12 Months Ended
Dec. 31, 2018
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,
 
2018
 
2017
Leasehold improvements
$
6,579

 
$
6,869

Furniture and fixtures
2,147

 
2,187

Equipment (3)
156,029

 
128,046

Computer equipment
18,561

 
10,661

Computer software (1)
38,475

 
31,518

Automobiles
293

 
311

Buildings
8,005

 
6,744

Albatross (aircraft)
447

 
447

Satellite transponders (2)
62,306

 
79,097

Construction in-progress (3)
7,771

 
3,370

Total property, plant, and equipment
300,613

 
269,250

Accumulated depreciation (1) (2) (3)
(124,036
)
 
(74,221
)
Property, plant and equipment, net
$
176,577

 
$
195,029



(1)
Includes computer software acquired under capital leases of $1.0 million as December 31, 2018 and 2017, net of and related accumulated amortization of $1.0 million and $0.7 million as of December 31, 2018 and 2017, respectively.

(2)
Includes satellite transponders acquired under capital leases of $2.0 million and the related accumulated depreciation of $0.7 million and $0.6 million as of December 31, 2018 and 2017, respectively.

(3)
Includes internally developed software of $33.4 million and $18.1 million and related accumulated amortization of $19.3 million and $11.4 million as of December 31, 2018 and 2017, respectively. Amortization expense for the years ended December 31, 2018, 2017 and 2016 was $7.9 million, $5.1 million and $3.6 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, 2018 and 2017. During the years ended December 31, 2018, 2017 and 2016, the Company capitalized software development costs totaling $10.0 million, $7.4 million and $5.0 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, 2018, 2017, and 2016 is as follows (in thousands):
 
Year Ended December 31,
 
2018
 
2017
 
2016
Consolidated Statement of Operations Classification:
 
 
 
 
 
Cost of sales
$
42,535

 
$
29,798

 
$
10,855

Sales and marketing
3,553

 
3,219

 
1,793

Product development
3,257

 
3,478

 
2,186

General and administrative
12,560

 
10,009

 
6,677

Total
$
61,905

 
$
46,504

 
$
21,511