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Summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2018
Summary of significant accounting policies  
Schedule of estimated useful lives for property and equipment

 

 

 

Software

    

2 to 5 years

Computer equipment

 

3 to 5 years

Furniture, fixtures and office equipment

 

3 to 5 years

Leasehold improvements

 

The shorter of the estimated useful life or the remaining term of the agreements, generally ranging from 2 to 18 years

 

Summary of changes to condensed consolidated balance sheet and statement of operations

In addition, adoption of the standard resulted in the following changes to the consolidated balance sheet as of January 1, 2018:

 

 

 

 

 

 

 

 

 

 

 

    

January 1, 2018

    

Adjustment for

    

January 1, 2018

 

 

(Per ASC 605)

 

Adoption

 

(Per ASC 606)

Accounts receivable, net

 

$

26,148

 

$

(1,069)

 

$

25,079

Prepaid expenses and other current assets

 

$

6,369

 

$

170

 

$

6,539

Other assets

 

$

10,082

 

$

(2,179)

 

$

7,903

Deferred revenue, current

 

$

61,708

 

$

14,176

 

$

75,884

Deferred revenue, net of current portion

 

$

149,168

 

$

(20,580)

 

$

128,588

 

The below table summarizes the changes to our consolidated balance sheet as of December 31, 2018 as a result of the adoption of ASC 606:

 

 

 

 

 

 

 

 

 

 

 

    

December 31, 2018

    

Adjustment for

    

December 31, 2018

 

 

(Per ASC 605)

 

Adoption

 

(Per ASC 606)

 

 

(in thousands)

Accounts receivable, net

 

$

43,410

 

$

(644)

 

$

42,766

Prepaid expenses and other current assets

 

$

7,603

 

$

212

 

$

7,815

Other assets

 

$

12,224

 

$

(2,288)

 

$

9,936

Deferred revenue, current

 

$

82,731

 

$

(2,348)

 

$

80,383

Deferred revenue, net of current portion

 

$

147,785

 

$

(10,580)

 

$

137,205

Non-controlling interests

 

$

408

 

$

1,803

 

$

2,211

 

The below table summarizes the changes to our consolidated statement of operations for the year ended December 31, 2018 as a result of the adoption of ASC 606 with income taxes calculated excluding the tax effect on the equity component of the Convertible Notes:

 

 

 

 

 

 

 

 

 

 

 

    

Year Ended

    

 

 

    

Year Ended

 

 

December 31, 2018

 

Adjustment for

 

December 31, 2018

 

 

(Per ASC 605)

 

Adoption

 

(Per ASC 606)

 

 

(in thousands)

Revenue

 

$

244,307

 

$

6,514

 

$

250,821

Income tax benefit

 

$

(4,785)

 

$

(368)

 

$

(5,153)

Non-controlling interests

 

$

(245)

 

$

1,734

 

$

1,489

 

Summary of the entity's revenue disaggregated by product offerings

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2018

    

2017 (1)

    

2016 (1)

Revenue:

 

 

 

 

 

 

 

 

 

DAS

 

$

95,216

 

$

80,552

 

$

58,182

Military/multifamily

 

 

77,721

 

 

55,129

 

 

39,975

Wholesale-Wi-Fi

 

 

47,481

 

 

31,529

 

 

22,221

Retail

 

 

17,630

 

 

24,926

 

 

26,636

Advertising and other

 

 

12,773

 

 

12,233

 

 

12,330

Total revenue

 

$

250,821

 

$

204,369

 

$

159,344


(1)

As noted above, prior period amounts have not been adjusted upon adoption of ASC 606 under the modified retrospective method.