SEGMENT REPORTING

9 Months Ended

Sep. 30, 2016

SEGMENT REPORTING

SEGMENT REPORTING

12. SEGMENT REPORTING

For the three and nine months ended September 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 in the first quarter of the year 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 and Innovative Acquisitions as discussed below, and iii) Renewable Energy, consisting of the Company’s former Renewable Energy segment and the results of its Vibrant Energy Acquisition.  The prior year 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 September 30, 2016
	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items  (1)		Consolidated
Revenue
Wireless	$	40,076	$	21,075	$	—	$	—	$	61,151
Wireline		6,936		59,193		—		—		66,129
Equipment and Other		548		5,045		138		—		5,731
Renewable Energy		—		—		5,784		—		5,784
Total Revenue		47,560		85,313		5,922		—		138,795
Depreciation and amortization		6,176		12,896		1,227		1,567		21,866
Non-cash stock-based compensation		—		—		28		1,371		1,399
Operating income (loss)		18,120		11,358		2,822		(10,219)		22,081

For the Three Months Ended September 30, 2015
	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items  (1)		Consolidated
Revenue
Wireless	$	47,047	$	20,474	$	—	$	—	$	67,521
Wireline		6,243		15,517		—		—		21,760
Equipment and Other		535		1,914		—		—		2,449
Renewable Energy		—		—		5,052		—		5,052
Total Revenue		53,825		37,905		5,052		—		96,782
Depreciation and amortization		5,715		6,400		1,205		1,270		14,590
Non-cash stock-based compensation		—		—		29		1,127		1,156
Operating income (loss)		24,218		4,928		2,694		(9,316)		22,524

For the Nine Months Ended September 30, 2016
	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items  (1)		Consolidated
Revenue
Wireless	$	117,194	$	60,106	$	—	$	—	$	177,300
Wireline		18,793		103,397		—		—		122,190
Equipment and Other		1,716		10,071		259		—		12,046
Renewable Energy		—		—		16,935		—		16,935
Total Revenue		137,703		173,574		17,194		—		328,471
Depreciation and amortization		17,405		27,482		3,642		4,384		52,913
Non-cash stock-based compensation		—		—		86		4,946		5,032
Operating income (loss)		39,698		28,320		(734)		(27,398)		39,886

For the Nine Months Ended September 30, 2015
	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items  (1)		Consolidated
Revenue
Wireless	$	122,993	$	62,279	$	—	$	—	$	185,272
Wireline		18,915		44,605		—		—		63,520
Equipment and Other		1,774		6,256		—		—		8,030
Renewable Energy		—		—		15,631		—		15,631
Total Revenue		143,682		113,140		15,631		—		272,453
Depreciation and amortization		16,874		19,710		3,613		3,616		43,813
Non-cash stock-based compensation		—		—		238		3,594		3,832
Operating income (loss)		64,114		21,447		8,037		(23,187)		70,411

	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items  (1)		Consolidated
September 30, 2016
Net fixed assets	$	134,219	$	357,733	$	116,354	$	10,229	$	618,535
Goodwill		32,739		26,024		3,279		—		62,042
Total assets		252,827		588,190		180,115		144,925		1,166,057
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
Nine months ended September 30,		Telecom		Telecom		Energy		Items  (1)		Consolidated
2016	$	26,709	$	36,543	$	10,326	$	4,877	$	78,455
2015		27,632		15,797		26		2,576		46,031

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