Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

v3.19.2
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents the disaggregation of the Company’s revenue from contracts with customers for the three and six months ended June 30, 2019 and 2018:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Media & Content -- Licensing and Services
$
74,013

 
$
83,455

 
$
154,023

 
$
158,369

Connectivity -- Aviation Services
30,621

 
29,423

 
61,862

 
58,749

Connectivity -- Aviation Equipment
8,719

 
6,712

 
22,779

 
14,310

Connectivity -- Maritime & Land Services
40,495

 
43,550

 
79,722

 
85,836

Connectivity -- Maritime & Land Equipment
3,619

 
2,822

 
5,700

 
5,195

Total Revenues
$
157,467

 
$
165,962

 
$
324,086

 
$
322,459

Schedule of Contract Liabilities
The following table summarizes the significant changes in the contract liabilities during the six months ended June 30, 2019 (in thousands):
 
June 30, 2019
Opening balance as of January 1
$
8,546

Revenue recognized during the period relating to opening balance
(5,006
)
Increase due to collections, excluding amounts recognized as revenue during the period
7,384

Closing Balance
$
10,924

 
 
Deferred revenue, current
10,672

Deferred revenue, non-current
252

 
$
10,924