XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 39,027 $ 34,830
Accounts receivable, net of allowance for doubtful accounts of $2,610 and $400, respectively 53,727 46,900
Inventories 44,862 42,437
Prepaid expenses and other current assets 18,751 18,692
Total current assets 156,367 142,859
Satellite network and other equipment, net 168,724 174,178
Goodwill 166,129 166,678
Intangible assets, net 92,832 99,339
Other assets 12,729 12,036
Deferred income taxes 173 104
Total assets 596,954 595,194
Current liabilities:    
Accounts payable 14,333 29,298
Accrued liabilities 42,384 33,016
Current portion of deferred revenue 5,010 6,263
Total current liabilities 61,727 68,577
Note payable-related party 1,332 1,366
Notes payable, net of unamortized deferred issuance costs 245,519 245,131
Deferred revenue, net of current portion 3,834 2,459
Deferred tax liabilities 16,695 17,646
Other liabilities 6,242 13,619
Total liabilities 335,349 348,798
Commitments and contingencies
ORBCOMM Inc. stockholders' equity    
Common stock, par value $0.001; 250,000,000 shares authorized; 78,593,002 and 74,436,579 shares issued at June 30, 2018 and December 31, 2017, respectively 79 74
Additional paid-in capital 444,069 411,298
Accumulated other comprehensive (loss) income (141) 256
Accumulated deficit (183,564) (166,245)
Less treasury stock, at cost; 29,990 shares at June 30, 2018 and December 31, 2017 (96) (96)
Total ORBCOMM Inc. stockholders' equity 260,734 245,663
Noncontrolling interests 871 733
Total equity 261,605 246,396
Total liabilities and equity 596,954 595,194
Series A Convertible Preferred Stock [Member]    
ORBCOMM Inc. stockholders' equity    
Series A Convertible Preferred Stock, par value $0.001; 1,000,000 shares authorized; 38,672 and 37,544 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively $ 387 $ 376