XML 14 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 84,032 $ 25,023
Accounts receivable, net of allowance for doubtful accounts of $957 and $1,057, respectively 44,441 31,937
Inventories 29,681 23,217
Prepaid expenses and other current assets 11,947 8,031
Total current assets 170,101 88,208
Satellite network and other equipment, net 211,666 215,841
Goodwill 137,397 114,033
Intangible assets, net 101,888 82,545
Other assets 8,691 5,447
Deferred income taxes 86 80
Total assets 629,829 506,154
Current liabilities:    
Accounts payable 17,130 12,481
Accrued liabilities 37,210 30,431
Current portion of deferred revenue 7,264 7,414
Total current liabilities 61,604 50,326
Note payable - related party 1,298 1,195
Note payable, net of unamortized deferred issuance costs 244,743 147,458
Deferred revenue, net of current portion 2,963 2,978
Deferred tax liabilities 19,423 18,645
Other liabilities 11,944 3,684
Total liabilities 341,975 224,286
Commitments and contingencies
ORBCOMM Inc. stockholders' equity    
Common stock, par value $0.001; 250,000,000 shares authorized; 73,518,654 and 71,111,863 shares issued at June 30, 2017 and December 31, 2016 74 71
Additional paid-in capital 406,339 386,920
Accumulated other comprehensive loss (473) (1,089)
Accumulated deficit (119,032) (104,949)
Less treasury stock, at cost; 29,990 shares at June 30, 2017 and December 31, 2016 (96) (96)
Total ORBCOMM Inc. stockholders' equity 287,176 281,221
Noncontrolling interest 678 647
Total equity 287,854 281,868
Total liabilities and equity 629,829 506,154
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 36,466 shares issued and outstanding $ 364 $ 364