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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Summary of Deferred Revenues Deferred revenue as of September 30, 2020 and December 31, 2019 consisted of the following:

 

 

September 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Service activation fees

 

$

2,546

 

 

$

3,007

 

Prepaid services

 

 

5,611

 

 

 

6,423

 

Extended warranty revenues

 

 

1,150

 

 

 

1,206

 

 

 

 

9,307

 

 

 

10,636

 

Less current portion

 

 

(6,188

)

 

 

(3,865

)

Long-term portion

 

$

3,119

 

 

$

6,771

 

 

Components of Revenue from Contracts with Customers

The following table summarizes the components of revenue from contracts with customers, as well as revenue recognized under ASC 842:

 

 

 

Quarters Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Revenue from contracts with customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recurring service revenues

 

$

36,393

 

 

$

39,161

 

 

$

113,252

 

 

$

115,196

 

Other service revenues

 

 

3,345

 

 

 

1,389

 

 

 

5,439

 

 

 

4,099

 

Total service revenues

 

 

39,738

 

 

 

40,550

 

 

 

118,691

 

 

 

119,295

 

Product sales

 

 

20,885

 

 

 

27,157

 

 

 

63,935

 

 

 

78,257

 

Total revenue from contracts with customers

 

 

60,623

 

 

 

67,707

 

 

 

182,626

 

 

 

197,552

 

Revenue recognized under ASC 842

 

 

1,119

 

 

 

1,486

 

 

 

2,027

 

 

 

4,779

 

Total revenues

 

$

61,742

 

 

$

69,193

 

 

$

184,653

 

 

$

202,331

 

Summary of carrying and fair values of senior secured notes

The carrying amounts and fair values of the Company’s Senior Secured Notes are shown in the following table:

 

 

 

September 30, 2020

 

 

December 31, 2019

 

 

 

Carrying

Amount

 

 

Fair

Value

 

 

Carrying

Amount

 

 

Fair

Value

 

Senior Secured Notes

 

$

250,000

 

 

$

243,425

 

 

$

250,000

 

 

$

241,875