Revenue Recognition (Tables)
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6 Months Ended |
Jun. 30, 2020 |
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| Revenue from Contract with Customer [Abstract] |
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| Schedule of Disaggregation of Revenue |
The following table represents a disaggregation of the Company’s revenue from contracts with customers (in thousands):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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| Revenue: |
2020 |
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2019 |
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2020 |
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2019 |
| Media & Content |
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| Licensing and Services |
$ |
20,757 |
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$ |
74,013 |
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$ |
89,142 |
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$ |
154,023 |
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| Total Media & Content |
20,757 |
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74,013 |
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89,142 |
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154,023 |
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| Connectivity |
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| Aviation Services |
27,742 |
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30,621 |
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58,448 |
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61,862 |
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| Aviation Equipment |
3,679 |
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8,719 |
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10,082 |
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22,779 |
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| Maritime & Land Services |
28,958 |
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40,495 |
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65,512 |
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79,722 |
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| Maritime & Land Equipment |
1,905 |
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3,619 |
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4,022 |
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5,700 |
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| Total Connectivity |
62,284 |
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83,454 |
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138,064 |
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170,063 |
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| Total revenue |
$ |
83,041 |
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$ |
157,467 |
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$ |
227,206 |
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$ |
324,086 |
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| Schedule of Contract Assets and Liabilities |
The following table summarizes the significant changes in the balance for contract assets during the six months ended June 30, 2020 (in thousands):
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Contract Assets |
| Balance as of December 31, 2019 |
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$ |
14,431 |
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| Costs deferred for revenue recognized in excess of billings |
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4,628 |
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| Costs included in the beginning balance recognized during the period |
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(5,638) |
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Balance as of June 30, 2020 |
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$ |
13,421 |
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| Current contract assets |
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$ |
2,757 |
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| Non-current contract assets |
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10,664 |
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Balance as of June 30, 2020 |
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$ |
13,421 |
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The following table summarizes the significant changes in the balance for contract liabilities, included within “Other non-current liabilities” in our unaudited condensed consolidated balance sheet, during the six months ended June 30, 2020 (in thousands):
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Contract Liabilities |
| Balance as of December 31, 2019 |
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$ |
12,403 |
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| Revenue recognized including amount in contract liability balance at the beginning of the period |
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(7,446) |
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| Increase due to cash received, excluding amounts recognized as revenue during the period |
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3,488 |
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Balance as of June 30, 2020 |
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$ |
8,445 |
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| Deferred revenue, current |
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$ |
8,359 |
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| Deferred revenue, non-current |
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86 |
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Balance as of June 30, 2020 |
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$ |
8,445 |
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| Schedule of Accounts Receivable and Bad Debts |
Accounts receivable consist of the following (in thousands):
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June 30, |
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December 31, |
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2020 |
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2019 |
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| Accounts receivable, gross |
$ |
74,193 |
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$ |
94,995 |
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| Less: Allowance for doubtful accounts |
(7,808) |
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(6,776) |
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| Accounts receivable, net |
$ |
66,385 |
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$ |
88,219 |
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| Schedule of Capitalized Contract Cost Activity |
The following table summarizes the significant changes in the contract assets balances during the period ended June 30, 2020 (in thousands):
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Contract Assets |
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Costs to Obtain |
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Costs to Fulfill |
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Total |
| Balance as of December 31, 2019 |
$ |
387 |
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$ |
5,256 |
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$ |
5,643 |
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| Capitalization (reversal) during the period |
127 |
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(132) |
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(5) |
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| Amortization during the period |
(57) |
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(221) |
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(278) |
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Balance as of June 30, 2020 |
$ |
457 |
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$ |
4,903 |
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$ |
5,360 |
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