SEGMENT REPORTING

6 Months Ended

Jun. 30, 2016

SEGMENT REPORTING

SEGMENT REPORTING

12. SEGMENT REPORTING

For the three and six months ended June 30, 2015, the Company had five reportable segments for separate disclosure in accordance with the FASB’s authoritative guidance on disclosures about segments of an enterprise. Those five segments were: i) U.S. Wireless, which generated all of its revenues in and had all of its assets located in the United States, ii) International Integrated Telephony, which generated all of its revenues in and had all of its assets located in Guyana, iii) Island Wireless, which generated a majority of its revenues in, and had a majority of its assets located in, Bermuda and which also generated revenues in and had assets located in the U.S. Virgin Islands, Aruba and Turks and Caicos (through March 23, 2015),  iv) U.S. Wireline, which generated all of its revenues in and had all of its assets located in the United States, and v) Renewable Energy, which generated all of its revenues in and had all of its assets located in the United States.  The operating segments were managed separately because each offers different services and serves different markets.

To be consistent with how management allocates resources and assesses the performance of its business operations in 2016, the Company updated its reportable operating segments to consist of the following: i) U.S. Telecom, consisting of the Company’s former U.S. Wireless and U.S. Wireline segments, ii) International Telecom, consisting of the Company’s former Island Wireless and International Integrated Telephony segments and the results of its KeyTech Transaction, and iii) Renewable Energy, consisting of the Company’s former Renewable Energy segment and the results of its Vibrant Energy Acquisition.  The prior period segment information has been recast to conform to the current year’s segment presentation.

The following tables provide information for each operating segment (in thousands):

For the Three Months Ended June 30, 2016
	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items  (1)		Consolidated
Revenue
Wireless	$	37,655	$	19,433	$	—	$	—	$	57,088
Wireline		5,811		28,165		—		—		33,976
Equipment and Other		481		2,764		120		—		3,365
Renewable Energy		—		—		5,562		—		5,562
Total Revenue		43,947		50,362		5,682		—		99,991
Depreciation and amortization		5,609		8,209		1,207		1,467		16,493
Non-cash stock-based compensation		—		—		28		1,877		1,905
Operating income (loss)		4,797		1,955		(3,619)		(1,221)		1,912

For the Three Months Ended June 30, 2015
	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items  (1)		Consolidated
Revenue
Wireless	$	40,103	$	20,223	$	—	$	—	$	60,326
Wireline		6,679		15,410		—		—		22,089
Equipment and Other		698		1,923		—		—		2,621
Renewable Energy		—		—		5,290		—		5,290
Total Revenue		47,480		37,556		5,290		—		90,326
Depreciation and amortization		5,657		6,399		1,204		1,212		14,472
Non-cash stock-based compensation		—		—		29		1,424		1,453
Operating income (loss)		23,122		10,332		2,691		(7,413)		28,732

For the Six Months Ended June 30, 2016
	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items  (1)		Consolidated
Revenue
Wireless	$	77,119	$	38,846	$	—	$	—	$	115,965
Wireline		11,857		44,564		—		—		56,421
Equipment and Other		1,169		4,850		120		—		6,139
Renewable Energy		—		—		11,151		—		11,151
Total Revenue		90,145		88,260		11,271		—		189,676
Depreciation and amortization		11,229		14,586		2,415		2,818		31,047
Non-cash stock-based compensation		—		—		57		3,576		3,633
Operating income (loss)		21,579		9,655		(3,555)		(9,875)		17,804

For the Six Months Ended June 30, 2015
	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items  (1)		Consolidated
Revenue
Wireless	$	75,946	$	41,395	$	—	$	—	$	117,341
Wireline		12,672		30,009		—		—		42,681
Equipment and Other		1,239		3,830		—		—		5,069
Renewable Energy		—		—		10,579		—		10,579
Total Revenue		89,857		75,234		10,579		—		175,670
Depreciation and amortization		11,159		13,310		2,408		2,346		29,223
Non-cash stock-based compensation		—		—		210		2,467		2,677
Operating income (loss)		39,896		16,520		5,343		(13,867)		47,892

	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items  (1)		Consolidated
June 30, 2016
Net fixed assets	$	120,103	$	243,935	$	112,147	$	10,544	$	486,729
Goodwill		32,148		5,438		3,279		—		40,865
Total assets		242,524		390,932		143,190		268,738		1,045,384
December 31, 2015
Net fixed assets	$	119,596	$	133,262	$	106,560	$	14,085	$	373,503
Goodwill		39,639		5,438		—		—		45,077
Total assets		227,707		278,770		122,788		315,739		945,004

		CapitalExpenditures
		U.S.		International		Renewable		Reconciling
Six months ended June 30,		Telecom		Telecom		Energy		Items  (1)		Consolidated
2016	$	16,447	$	22,283	$	242	$	3,755	$	42,727
2015		17,075		9,265		12		1,679		28,031

(1)   Reconciling items refer to corporate overhead matters and consolidating adjustments.