Segment Information (Tables)
|
12 Months Ended |
Dec. 31, 2018 |
|---|
| Segment Reporting [Abstract] |
|
| Reconciliation of operating profit (loss) by segment |
Revenue and contribution profit by segment were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2018 |
|
2017 |
|
2016 |
Revenue: |
|
|
|
|
|
Media & Content |
|
|
|
|
|
Licensing & Services |
$ |
315,409 |
|
|
$ |
298,935 |
|
|
$ |
318,064 |
|
Connectivity |
|
|
|
|
|
Services |
290,818 |
|
|
282,985 |
|
|
178,471 |
|
Equipment |
40,867 |
|
|
37,549 |
|
|
33,220 |
|
Total |
331,685 |
|
|
320,534 |
|
|
211,691 |
|
Total revenue |
$ |
647,094 |
|
|
$ |
619,469 |
|
|
$ |
529,755 |
|
Cost of sales(1):
|
|
|
|
|
|
Media & Content |
|
|
|
|
|
Licensing & Services |
225,318 |
|
|
217,909 |
|
|
214,028 |
|
Connectivity |
|
|
|
|
|
Services |
255,546 |
|
|
210,710 |
|
|
122,674 |
|
Equipment |
31,529 |
|
|
33,501 |
|
|
28,768 |
|
Total |
287,075 |
|
|
244,211 |
|
|
151,442 |
|
Total cost of sales |
512,393 |
|
|
462,120 |
|
|
365,470 |
|
Gross Margin: |
|
|
|
|
|
Media & Content |
$ |
90,091 |
|
|
$ |
81,026 |
|
|
$ |
104,036 |
|
Connectivity |
44,610 |
|
|
76,323 |
|
|
60,249 |
|
Total Gross Margin |
134,701 |
|
|
157,349 |
|
|
164,285 |
|
Other operating expenses |
244,784 |
|
|
437,157 |
|
|
326,948 |
|
Loss from operations |
$ |
(110,083 |
) |
|
$ |
(279,808 |
) |
|
$ |
(162,663 |
) |
|
|
(1) |
Includes depreciation expense of $0.4 million (Media & Content) and $42.2 million (Connectivity) for the year ended December 31, 2018, $0.6 million (Media & Content) and $29.2 million (Connectivity) for the year ended December 31, 2017, and $0.7 million (Media & Content) and $10.2 million (Connectivity) for the year ended December 31, 2016.
|
|
| Schedule of Total Assets By Segment |
The Company’s total assets by segment were as follows (in thousands):
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|
|
|
|
|
|
|
December 31, |
|
|
|
|
|
|
|
2018 |
|
2017 |
Segment assets: |
|
|
|
|
|
|
|
|
|
Media & Content |
|
|
|
|
|
|
$ |
346,280 |
|
|
$ |
362,216 |
|
Connectivity |
|
|
|
|
|
|
355,144 |
|
|
479,714 |
|
Total segment assets |
|
|
|
|
|
|
701,424 |
|
|
841,930 |
|
Corporate assets |
|
|
|
|
|
|
15,663 |
|
|
18,654 |
|
Total assets |
|
|
|
|
|
|
$ |
717,087 |
|
|
$ |
860,584 |
|
|
| Geographical revenue by segment |
Geographical revenue by segment as presented below is based on the billing location of the customer. Revenue from external customers was as follows (in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2018 |
|
2017 |
|
2016 |
Media & Content: |
|
|
|
|
|
United States and Canada |
$ |
64,763 |
|
|
$ |
67,807 |
|
|
$ |
80,765 |
|
Europe |
58,855 |
|
|
52,551 |
|
|
48,527 |
|
Asia and Middle East |
160,009 |
|
|
149,644 |
|
|
152,758 |
|
Other |
31,782 |
|
|
28,933 |
|
|
36,014 |
|
Total |
$ |
315,409 |
|
|
$ |
298,935 |
|
|
$ |
318,064 |
|
Connectivity: |
|
|
|
|
|
United States |
$ |
284,498 |
|
|
$ |
195,363 |
|
|
$ |
150,532 |
|
Europe |
37,998 |
|
|
77,102 |
|
|
37,319 |
|
Africa, Middle East and Asia |
6,991 |
|
|
26,966 |
|
|
13,759 |
|
Other |
2,198 |
|
|
21,103 |
|
|
10,081 |
|
Total |
$ |
331,685 |
|
|
$ |
320,534 |
|
|
$ |
211,691 |
|
|
$ |
647,094 |
|
|
$ |
619,469 |
|
|
$ |
529,755 |
|
|
| Property, Plant and Equipment by Geographic Areas |
The following table summarizes net property, plant and equipment by country (in thousands):
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2018 |
|
2017 |
Media & Content: |
|
|
|
United States and Canada |
$ |
1,093 |
|
|
$ |
1,628 |
|
United Kingdom |
3,890 |
|
|
4,531 |
|
India |
1,663 |
|
|
1,745 |
|
Other |
172 |
|
|
346 |
|
Total |
$ |
6,818 |
|
|
$ |
8,250 |
|
Connectivity: |
|
|
|
United States |
$ |
141,887 |
|
|
$ |
162,133 |
|
Germany |
16,507 |
|
|
15,316 |
|
Other |
5,405 |
|
|
4,574 |
|
Total |
$ |
163,799 |
|
|
$ |
182,023 |
|
Corporate |
|
|
|
United States |
$ |
5,960 |
|
|
$ |
4,756 |
|
Total |
$ |
5,960 |
|
|
$ |
4,756 |
|
|
$ |
176,577 |
|
|
$ |
195,029 |
|
|