| Property and Equipment, net |
Property and Equipment, net
Property, plant and equipment, net, consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2019 |
|
2018 |
Leasehold improvements |
$ |
11,319 |
|
|
$ |
6,579 |
|
Furniture and fixtures |
2,683 |
|
|
2,147 |
|
Equipment (1)
|
157,259 |
|
|
151,953 |
|
Computer equipment |
16,993 |
|
|
18,561 |
|
Computer software (1)(2)
|
51,939 |
|
|
38,475 |
|
Automobiles |
301 |
|
|
293 |
|
Buildings |
7,088 |
|
|
8,005 |
|
Albatross (aircraft) |
456 |
|
|
447 |
|
Satellite transponders |
70,100 |
|
|
62,306 |
|
Construction in-progress (2)
|
1,499 |
|
|
11,847 |
|
Total property, plant, and equipment |
319,637 |
|
|
300,613 |
|
Accumulated depreciation (1) (2)
|
(174,342 |
) |
|
(124,036 |
) |
Property, plant and equipment, net |
$ |
145,295 |
|
|
$ |
176,577 |
|
|
|
(1) |
Includes equipment & computer software acquired under finance leases of $1.2 million and $1.0 million as December 31, 2019 and 2018, net of and related accumulated amortization of $0.9 million and $1.0 million as of December 31, 2019 and 2018, respectively.
|
|
|
(2) |
Includes internally developed software of $39.0 million and $33.4 million and related accumulated amortization of $27.8 million and $19.3 million as of December 31, 2019 and 2018, respectively. Amortization expense for the years ended December 31, 2019 and 2018 was $8.5 million and $7.9 million, respectively. There were no impairment losses during the years ended December 31, 2019 and 2018. During the years ended December 31, 2019 and 2018, the Company capitalized software development costs totaling $5.7 million and $10.0 million, respectively.
|
Depreciation expense for property, plant and equipment, including software amortization expense and amortization of assets under capital leases, for the years ended December 31, 2019 and 2018 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2019 |
|
2018 |
Consolidated Statement of Operations Classification: |
|
|
|
Cost of sales |
$ |
36,971 |
|
|
$ |
42,535 |
|
Sales and marketing |
3,450 |
|
|
3,553 |
|
Product development |
3,181 |
|
|
3,257 |
|
General and administrative |
13,070 |
|
|
12,560 |
|
Total |
$ |
56,672 |
|
|
$ |
61,905 |
|
|