Segment Information (Tables)
|
12 Months Ended |
Dec. 31, 2019 |
|---|
| 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, |
|
2019 |
|
2018 |
Revenue: |
|
|
|
Media & Content |
|
|
|
Licensing & Services |
$ |
311,079 |
|
|
$ |
315,409 |
|
Connectivity |
|
|
|
Services |
281,083 |
|
|
290,818 |
|
Equipment |
64,715 |
|
|
40,867 |
|
Total |
345,798 |
|
|
331,685 |
|
Total revenue |
$ |
656,877 |
|
|
$ |
647,094 |
|
Cost of sales(1):
|
|
|
|
Media & Content |
|
|
|
Licensing & Services |
$ |
234,229 |
|
|
$ |
225,318 |
|
Connectivity |
|
|
|
Services |
240,375 |
|
|
255,546 |
|
Equipment |
49,121 |
|
|
31,529 |
|
Total |
289,496 |
|
|
287,075 |
|
Total cost of sales |
$ |
523,725 |
|
|
$ |
512,393 |
|
Gross Margin: |
|
|
|
Media & Content |
$ |
76,850 |
|
|
$ |
90,091 |
|
Connectivity |
56,302 |
|
|
44,610 |
|
Total Gross Margin |
133,152 |
|
|
134,701 |
|
Other operating expenses |
197,900 |
|
|
244,784 |
|
Loss from operations |
$ |
(64,748 |
) |
|
$ |
(110,083 |
) |
|
|
(1) |
Includes depreciation expense of $0.1 million (Media & Content) and $36.9 million (Connectivity) for the year ended December 31, 2019, and $0.4 million (Media & Content) and $42.2 million (Connectivity) for the year ended December 31, 2018
|
|
| Schedule of Total Assets By Segment |
The Company’s total assets by segment were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2019 |
|
2018 |
Segment assets: |
|
|
|
Media & Content |
$ |
316,340 |
|
|
$ |
346,280 |
|
Connectivity |
331,368 |
|
|
355,144 |
|
Total segment assets |
647,708 |
|
|
701,424 |
|
Corporate assets |
20,872 |
|
|
15,663 |
|
Total assets |
$ |
668,580 |
|
|
$ |
717,087 |
|
|
| 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):
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2019 |
|
2018 |
Media & Content: |
|
|
|
United States and Canada |
$ |
67,121 |
|
|
$ |
64,763 |
|
Europe |
50,196 |
|
|
58,855 |
|
Asia and Middle East |
164,233 |
|
|
160,009 |
|
Other |
29,529 |
|
|
31,782 |
|
Total |
$ |
311,079 |
|
|
$ |
315,409 |
|
Connectivity: |
|
|
|
United States |
$ |
231,932 |
|
|
$ |
284,498 |
|
Europe |
79,574 |
|
|
37,998 |
|
Africa, Middle East and Asia |
20,433 |
|
|
6,991 |
|
Other |
13,859 |
|
|
2,198 |
|
Total |
$ |
345,798 |
|
|
$ |
331,685 |
|
Total revenue |
$ |
656,877 |
|
|
$ |
647,094 |
|
|
| Property, Plant and Equipment by Geographic Areas |
The following table summarizes net property, plant and equipment by country (in thousands):
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2019 |
|
2018 |
Media & Content: |
|
|
|
United States and Canada |
$ |
625 |
|
|
$ |
1,093 |
|
United Kingdom |
3,194 |
|
|
3,890 |
|
India |
1,544 |
|
|
1,663 |
|
Other |
706 |
|
|
172 |
|
Total |
$ |
6,069 |
|
|
$ |
6,818 |
|
Connectivity: |
|
|
|
United States |
$ |
112,491 |
|
|
$ |
141,887 |
|
Germany |
13,717 |
|
|
16,507 |
|
Other |
3,745 |
|
|
5,405 |
|
Total |
$ |
129,953 |
|
|
$ |
163,799 |
|
Corporate |
|
|
|
United States |
$ |
9,273 |
|
|
$ |
5,960 |
|
Total |
$ |
9,273 |
|
|
$ |
5,960 |
|
Property, plant and equipment, net |
$ |
145,295 |
|
|
$ |
176,577 |
|
|