Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.19.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2019 and 2018 (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Revenue:
 
 
 
 
 
 
 
Media & Content -- Licensing and Services
$
74,013

 
$
83,455

 
$
154,023

 
$
158,369

Connectivity -- Services
71,116

 
72,973

 
141,584

 
144,585

Connectivity -- Equipment
12,338

 
9,534

 
28,479

 
19,505

Total revenue
$
157,467

 
$
165,962

 
$
324,086

 
$
322,459

Cost of sales:
 
 
 
 
 
 
 
Media & Content -- Licensing and Services
$
57,604

 
$
58,456

 
$
115,273

 
$
112,910

Connectivity -- Services
58,704

 
63,848

 
124,304

 
121,885

Connectivity -- Equipment
7,909

 
4,427

 
18,834

 
10,415

Total
66,613

 
68,275

 
143,138

 
132,300

Total cost of sales
$
124,217

 
$
126,731

 
$
258,411

 
$
245,210

Gross Margin:
 
 
 
 
 
 
 
Media & Content
$
16,409

 
$
24,999

 
$
38,750

 
$
45,459

Connectivity
16,841

 
14,232

 
26,925

 
31,790

Total Gross Margin
33,250

 
39,231

 
65,675

 
77,249

Other operating expenses
48,476

 
60,764

 
99,991

 
128,228

Loss from operations
$
(15,226
)
 
$
(21,533
)
 
$
(34,316
)
 
$
(50,979
)
Schedule of assets by segment
The Company’s total assets by segment were as follows (in thousands):
 
 
June 30, 2019
 
December 31, 2018
Media & Content
 
$
319,157

 
$
346,280

Connectivity
 
359,825

 
355,144

Total segment assets
 
678,982

 
701,424

Corporate assets
 
23,947

 
15,663

Total assets
 
$
702,929

 
$
717,087