SEGMENT REPORTING

9 Months Ended

Sep. 30, 2013

SEGMENT REPORTING

SEGMENT REPORTING

11. SEGMENT REPORTING

The Company has four reportable segments for separate disclosure in accordance with the FASB’s authoritative guidance on disclosures about segments of an enterprise. Those four segments are: i) U.S. Wireless, which generates all of its revenues in and has all of its assets located in the United States, ii) International Integrated Telephony, which generates all of its revenues in and has its assets located in Guyana, iii) Island Wireless, which generates a majority of its revenues in and has a majority of its assets located in Bermuda and which also generates revenues in and has assets located in the U.S. Virgin Islands, Aruba and Turks and Caicos and iv) U.S. Wireline, which generates all of its revenues in and has all of its assets located in the United States. The operating segments are managed separately because each offers different services and serves different markets.

The following tables provide information for each operating segment.  Previous periods have been restated to remove our discontinued operations which were previously reported within our U.S. Wireless segment (in thousands):

	For the Three Months Ended September 30, 2012
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. wireless	$	29,042	$	—	$	—	$	—		$	—		$	29,042
International wireless	—		6,838		14,176		—			—			21,014
Wireline	152		16,351		—		4,786			—			21,289
Equipment and other	85		377		1,451		54			—			1,967
Total Revenue	29,279		23,566		15,627		4,840			—			73,312
Depreciation and amortization	4,200		4,406		2,875		697			243			12,421
Non-cash stock-based compensation	—		—		—		—			774			774
Operating income (loss)	14,879		6,596		1,043		(566		)	(5,781		)	16,171

	For the Nine months Ended September 30, 2012
	U.S. Wireless		International Integrated Telephony		Island Wireless			U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. wireless	$	77,970	$	—	$	—		$	—		$	—		$	77,970
International wireless	—		19,891		40,295			—			—			60,186
Wireline	450		49,354		—			14,290			—			64,094
Equipment and other	212		1,334		3,947			141			—			5,634
Total Revenue	78,632		70,579		44,242			14,431			—			207,884
Depreciation and amortization	13,634		13,424		8,444			2,135			667			38,304
Non-cash stock-based compensation	—		—		—			—			2,566			2,566
Operating income (loss)	35,799		16,973		(319		)	(1,655		)	(15,280		)	35,518

	For the Three Months Ended September 30, 2013
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless	$	32,796	$	—	$	—	$	—		$	—		$	32,796
International wireless	—		7,046		15,849		—			—			22,895
Wireline	152		15,640		—		5,712			—			21,504
Equipment and other	109		388		1,594		64			—			2,155
Total revenue	33,057		23,074		17,443		5,776			—			79,350
Depreciation and amortization	4,039		4,551		2,551		816			378			12,335
Non-cash stock-based compensation	—		—		—		—			926			926
Operating income (loss)	18,293		7,028		3,292		(255		)	(8,320		)	20,038

	For the Nine months Ended September 30, 2013
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. wireless	$	80,597	$	—	$	—	$	—		$	—		$	80,597
International wireless	—		20,330		45,832		—			—			66,162
Wireline	457		46,493		—		15,995			—			62,945
Equipment and other	313		1,151		4,468		171			—			6,103
Total revenue	81,367		67,974		50,300		16,166			—			215,807
Depreciation and amortization	12,119		13,476		7,705		2,252			965			36,517
Non-cash stock-based compensation	—		—		—		—			2,898			2,898
Operating income (loss)	40,472		19,596		7,226		(786		)	(18,485		)	48,023

	Segment Assets
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline		Reconciling Items		Consolidated
December 31, 2012:
Net fixed assets	$	52,944	$	126,532	$	33,745	$	17,489	$	7,614	$	238,324
Goodwill	32,148		—		5,438		7,491		—		45,077
Total assets (1)	161,038		191,314		77,120		30,888		69,750		530,110
September 30, 2013:
Net fixed assets	$	69,291	$	118,143	$	30,568	$	25,858	$	9,350	$	253,210
Goodwill	32,148		—		5,438		7,491		—		45,077
Total assets (1)	725,836		195,412		79,343		43,859		44,716		1,089,166

(1) Total assets do not include $380,765 and $4,923 of assets associated with our discontinued operations as of December 31, 2012 and September 30, 2013, respectively.

	Capital Expenditures
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline		Reconciling Items		Consolidated
Nine months Ended September 30,
2012	$	7,516	$	7,362	$	3,915	$	7,280	$	2,502	$	28,575
2013	27,736		9,039		4,014		11,231		3,151		55,171