| Schedule of Property, Plant and Equipment |
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.
|
|
| 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, 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 |
|
|