XML 15 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 21,158 $ 27,077
Accounts receivable, net of allowance for doubtful accounts of $1,047 and $1,233, respectively 31,205 29,816
Inventories 21,665 20,712
Prepaid expenses and other current assets 5,818 5,646
Restricted cash 1,000 1,000
Deferred income taxes 508 508
Total current assets 81,354 84,759
Satellite network and other equipment, net 235,182 229,970
Goodwill 112,425 112,425
Intangible assets, net 90,229 93,172
Other assets 7,116 6,573
Total assets 526,306 526,899
Current liabilities:    
Accounts payable 9,926 13,895
Accrued liabilities 29,458 24,186
Current portion of deferred revenue 7,373 7,652
Total current liabilities 46,757 45,733
Note payable - related party 1,298 1,241
Note payable 150,000 150,000
Deferred revenue, net of current portion 5,140 6,024
Deferred tax liabilities 18,643 18,440
Other liabilities 5,039 5,705
Total liabilities $ 226,877 $ 227,143
Commitments and contingencies
ORBCOMM Inc. stockholders' equity    
Common stock, par value $0.001; 250,000,000 shares authorized; 70,875,217 and 70,613,642 shares issued at March 31, 2016 and December 31, 2015 $ 71 $ 71
Additional paid-in capital 382,914 381,659
Accumulated other comprehensive income (loss) (660) (1,174)
Accumulated deficit (83,520) (81,424)
Less treasury stock, at cost; 29,990 shares at March 31, 2016 and December 31, 2015 (96) (96)
Total ORBCOMM Inc. stockholders' equity 299,060 299,393
Noncontrolling interest 369 363
Total equity 299,429 299,756
Total liabilities and equity 526,306 526,899
Series A Convertible Preferred Stock [Member]    
ORBCOMM Inc. stockholders' equity    
Series A Convertible Preferred Stock, par value $0.001; 1,000,000 shares authorized; 35,173 and 35,759 shares issued and outstanding $ 351 $ 357