XML 33 R23.htm IDEA: XBRL DOCUMENT v3.22.1
Revenue (Tables)
3 Months Ended
Mar. 31, 2022
Revenue From Contract With Customer [Abstract]  
Schedule of Expected Revenue to be Recognized for Existing Customer Contracts The expected revenue to be recognized for existing customer contracts is as follows:

 

(dollars in millions)

 

 

 

 

Nine months ended December 31, 2022

 

$

10.2

 

2023

 

 

15.2

 

2024

 

 

16.9

 

2025

 

 

16.9

 

2026

 

 

17.0

 

Thereafter

 

 

110.4

 

 

Schedule of Activity of Contract Assets

The following table presents the activity for the Company’s contract assets:

 

 

 

Fulfillment Costs

 

 

Cost of Acquisition

 

 

Total Contract Assets

 

(dollars in millions)

 

Network

 

 

IT Services

and

Hardware

 

 

Total

Company

 

 

Network

 

 

IT Services

and

Hardware

 

 

Total

Company

 

 

Network

 

 

IT Services

and

Hardware

 

 

Total

Company

 

Balance as of December 31, 2021

 

$

0.7

 

 

$

0.7

 

 

$

1.4

 

 

$

3.3

 

 

$

0.3

 

 

$

3.6

 

 

$

4.0

 

 

$

1.0

 

 

$

5.0

 

Additions

 

 

0.5

 

 

 

0.5

 

 

 

1.0

 

 

 

2.6

 

 

 

0.7

 

 

 

3.3

 

 

 

3.1

 

 

 

1.2

 

 

 

4.3

 

Amortization

 

 

(0.1

)

 

 

(0.1

)

 

 

(0.2

)

 

 

(0.4

)

 

 

(0.1

)

 

 

(0.5

)

 

 

(0.5

)

 

 

(0.2

)

 

 

(0.7

)

Balance as of March 31, 2022

 

$

1.1

 

 

$

1.1

 

 

$

2.2

 

 

$

5.5

 

 

$

0.9

 

 

$

6.4

 

 

$

6.6

 

 

$

2.0

 

 

$

8.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Revenues Disaggregation by Product and Service Lines

The following table presents revenues disaggregated by product and service lines:

 

 

 

Successor

 

 

 

Predecessor

 

(dollars in millions)

 

Three Months Ended March 31, 2022

 

 

 

Three Months Ended March 31, 2021

 

Data

 

$

126.1

 

 

 

$

121.3

 

Video

 

 

48.6

 

 

 

 

48.6

 

Voice

 

 

59.3

 

 

 

 

65.9

 

Other

 

 

9.5

 

 

 

 

7.0

 

Total Network

 

 

243.5

 

 

 

 

242.8

 

Consulting

 

 

83.4

 

 

 

 

65.5

 

Cloud

 

 

24.6

 

 

 

 

23.4

 

Communications

 

 

54.9

 

 

 

 

54.0

 

Infrastructure Solutions

 

 

35.9

 

 

 

 

30.9

 

Total IT Services and Hardware

 

 

198.8

 

 

 

 

173.8

 

Intersegment revenue

 

 

(6.5

)

 

 

 

(6.7

)

Total revenue

 

$

435.8

 

 

 

$

409.9

 

The following table presents revenues disaggregated by contract type:

 

 

 

Successor

 

 

 

Three Months Ended March 31, 2022

 

(dollars in millions)

 

Network

 

 

IT Services and Hardware

 

 

Intersegment revenue

elimination

 

 

Total

 

Products and Services transferred at a point in time

 

$

7.4

 

 

$

38.5

 

 

$

—

 

 

$

45.9

 

Products and Services transferred over time

 

 

231.2

 

 

 

158.7

 

 

 

—

 

 

 

389.9

 

Intersegment revenue

 

 

4.9

 

 

 

1.6

 

 

 

(6.5

)

 

 

—

 

Total revenue

 

$

243.5

 

 

$

198.8

 

 

$

(6.5

)

 

$

435.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Predecessor

 

 

 

Three Months Ended March 31, 2021

 

(dollars in millions)

 

Network

 

 

IT Services and Hardware

 

 

Intersegment revenue

elimination

 

 

Total

 

Products and Services transferred at a point in time

 

$

5.9

 

 

$

33.4

 

 

$

—

 

 

$

39.3

 

Products and Services transferred over time

 

 

232.1

 

 

 

138.5

 

 

 

—

 

 

 

370.6

 

Intersegment revenue

 

 

4.8

 

 

 

1.9

 

 

 

(6.7

)

 

 

—

 

Total revenue

 

$

242.8

 

 

$

173.8

 

 

$

(6.7

)

 

$

409.9