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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 25,023 $ 27,077
Accounts receivable, net of allowances for doubtful accounts of $1,057 and $1,233, respectively 31,937 29,816
Inventories 23,217 20,712
Prepaid expenses and other current assets 8,031 5,646
Restricted cash - current   1,000
Total current assets 88,208 84,251
Satellite network and other equipment, net 215,841 229,970
Goodwill 114,033 112,425
Intangible assets, net 82,545 93,172
Other assets 5,447 3,121
Deferred income taxes 80 80
Total assets 506,154 523,019
Current liabilities:    
Accounts payable 12,481 13,895
Accrued liabilities 30,431 24,058
Current portion of deferred revenue 7,414 7,652
Total current liabilities 50,326 45,605
Note payable — related party 1,195 1,241
Notes payable, net of unamortized deferred issuance costs 147,458 146,548
Deferred revenue, net of current portion 2,978 6,024
Deferred tax liabilities 18,645 18,140
Other liabilities 3,684 5,705
Total liabilities 224,286 223,263
Commitments and contingencies
ORBCOMM Inc. stockholders’ equity    
Common stock, par value $0.001; 250,000,000 shares authorized; 71,111,863 and 70,613,642 shares issued at December 31, 2016 and December 31, 2015 71 71
Additional paid-in capital 386,920 381,659
Accumulated other comprehensive income (loss) (1,089) (1,174)
Accumulated deficit (104,949) (81,424)
Less treasury stock, at cost, 29,990 shares at December 31, 2016 and December 31, 2015 (96) (96)
Total ORBCOMM Inc. stockholders’ equity 281,221 299,393
Noncontrolling interests 647 363
Total equity 281,868 299,756
Total liabilities and equity 506,154 523,019
Series A Convertible Preferred Stock [Member]    
ORBCOMM Inc. stockholders’ equity    
Series A Convertible Preferred Stock, par value $0.001; 1,000,000 shares authorized; 36,466 and 35,759 shares issued and outstanding $ 364 $ 357