Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.19.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Reconciliation of operating profit (loss) by segment
The following table summarizes revenue and gross margin by our reportable segments for the three months ended March 31, 2019 and 2018 (in thousands):
 
Three Months Ended March 31,
 
2019
 
2018
Revenue:
 
 
 
Media & Content -- Licensing and Services
$
80,010

 
$
74,915

Connectivity -- Services
70,468

 
71,611

Connectivity -- Equipment
16,141

 
9,971

Total revenue
$
166,619

 
$
156,497

Cost of sales:
 
 
 
Media & Content -- Licensing and Services
$
57,669

 
$
54,471

Connectivity -- Services
65,600

 
57,943

Connectivity -- Equipment
10,925

 
6,082

Total
76,525

 
64,025

Total cost of sales
$
134,194

 
$
118,496

Gross Margin:
 
 
 
Media & Content
$
22,341

 
$
20,444

Connectivity
10,084

 
17,557

Total Gross Margin
32,425

 
38,001

Other operating expenses
51,515

 
67,560

Loss from operations
$
(19,090
)
 
$
(29,559
)
Schedule of assets by segment
The Company’s total assets by segment were as follows (in thousands):
 
 
March 31, 2019
 
December 31, 2018
Media & Content
 
$
335,828

 
$
346,280

Connectivity
 
370,665

 
355,144

Total segment assets
 
706,493

 
701,424

Corporate assets
 
28,363

 
15,663

Total assets
 
$
734,856

 
$
717,087