Revenue from Contracts with Customers (ASC 606) (Tables)

12 Months Ended

Dec. 31, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table summarizes net sales from contracts with customers for the year ended December 31, 2018:

Mobile connectivity product, transferred at point in time	$	26,086
Mobile connectivity product, transferred over time	5,265
Mobile connectivity service	102,307
Inertial navigation product	31,926
Inertial navigation service	5,177
Total net sales	$	170,761

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

	Year Ended December 31, 2018
Statement of Cash Flows	As reported			Pro forma as if the previous accounting guidance had been in effect
Net loss	$	(8,232	)	$	(8,227	)
Non-cash adjustments to reconcile net loss to net cash used in operating activities	15,694			15,631
Changes in operating assets and liabilities:
Accounts receivable and inventories	(2,357		)	(2,357		)
Prepaid expenses, other assets, and contract assets	(2,340		)	(971		)
Deferred revenue, contract liabilities, and long-term contract liabilities	(498		)	(1,809		)
Accounts payable, accrued compensation, warranty, other, and other long-term liabilities	2,917			2,917
Net cash used in operating activities	$	5,184		$	5,184

The following tables compare the reported consolidated balance sheet, statement of operations and cash flows, as of and for the year ended December 31, 2018, to the pro forma amounts that would have been reported if the previous guidance had been in effect:

	As of December 31, 2018
Balance Sheet	As reported			Pro forma as if the previous accounting guidance had been in effect
Cash, cash equivalent and marketable securities	$	18,075		$	18,075
Accounts receivable, net	29,663			29,663
Inventories	22,942			22,942
Contract assets	3,566			—
Prepaid expenses and other current assets	3,494			3,494
Long-lived assets	95,979			95,979
Other non-current assets	6,736			6,736
Contract assets, long-term	6,971			—
Non-current deferred income tax asset	226			86
Total assets	$	187,652		$	176,975
Accounts payable, accrued expenses, and other current liabilities	$	46,817		$	46,817
Deferred revenue, current	—			4,833
Contract liabilities	9,193			—
Long-term contract liabilities	9,070			—
Other long-term liabilities	3,620			3,620
Long-term debt, excluding current portion	19,437			19,437
Total liabilities	$	88,137		$	74,707
Accumulated deficit	(15,397		)	(12,644		)
Common stock, additional paid-in capital, and accumulated other comprehensive loss	114,912			114,912
Total stockholders’ equity	$	99,515		$	102,268
Total liabilities and stockholders’ equity	$	187,652		$	176,975

As a result of applying the modified retrospective method to adopt the new revenue guidance, the following adjustments were made to accounts on the consolidated balance sheet as of January 1, 2018:

	As Reported			Adjustments			Adjusted
	December 31, 2017			mini-VSAT Product			January 1, 2018
Cash, cash equivalent and marketable securities	$	42,915		$	—		$	42,915
Accounts receivable, net	28,316			—			28,316
Inventories	22,732			—			22,732
Contract assets	—			3,205			3,205
Prepaid expenses and other current assets	3,816			—			3,816
Long-lived assets	92,513			—			92,513
Other non-current assets	5,927			—			5,927
Contract assets, long-term	—			5,963			5,963
Non-current deferred income tax asset	20			202			222
Total assets	$	196,239		$	9,370		$	205,609
Accounts payable, accrued expenses, and other current liabilities	$	36,430		—			$	36,430
Deferred revenue, current	6,919			(6,919		)	—
Contract liabilities	—			11,039			11,039
Long-term contract liabilities	—			7,998			7,998
Other long-term liabilities	2,653			—			2,653
Long-term debt, excluding current portion	44,572			—			44,572
Total liabilities	$	90,574		$	12,118		$	102,692
Accumulated deficit	(4,417		)	(2,748		)	(7,165		)
Common stock, additional paid-in capital, and accumulated other comprehensive loss	110,082			—			110,082
Total stockholders’ equity	$	105,665		$	(2,748	)	$	102,917
Total liabilities and stockholders’ equity	$	196,239		$	9,370		$	205,609

The adoption of ASC 606 had no impact on the Company’s cash flows from operations. The aforementioned impacts resulted in offsetting shifts in cash flows throughout net loss and various changes in working capital balances.

	Contract Assets				Contract Liabilities
	Current		Non-Current		Current		Non-Current
Balance at January 1, 2018	$	3,205	$	5,963	$	11,039	$	7,998
Balance at December 31, 2018	$	3,566	$	6,971	$	9,193	$	9,070

	Year Ended December 31, 2018
Consolidated Statement of Operations	As reported			Pro forma as if the previous accounting guidance had been in effect
Sales:
Product	$	63,277		$	64,588
Service	107,484			107,484
Net Sales	170,761			172,072
Costs and expenses:
Costs of product sales	39,510			40,767
Costs of service sales	60,590			60,590
Research and development	14,951			14,951
Sales, marketing and support	34,910			35,022
General and administrative	27,964			27,964
Total operating expenses	177,925			179,294
Loss from operations	(7,164		)	(7,222		)
Other income (expense), net	(503		)	(503		)
Loss before income tax expense	(7,667		)	(7,725		)
Income tax expense	565			502
Net loss	$	(8,232	)	$	(8,227	)
Net loss per common share:
Basic and diluted	$	(0.48	)	$	(0.48	)