Segment and Geographical Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment and Geographic Information

Segment and Geographic Information

In 2014, following the merger, the Company aggregated its two operating segments - Voyetra Turtle Beach (“Headset”) and HyperSound. During 2015, in light of the subsequent development and launch of the HyperSound Clear 500P product, the Company evaluated whether its operating segments should continue to be aggregated for reporting purposes and determined that as a result of the new hearing healthcare product, the HyperSound operating segment will no longer have similar economic characteristics, production processes, clients or methods of distribution. As such, the Company has disclosed the Headset and HyperSound operating segments separately. The entire business is managed by a single management team whose Chief Operating Decision Maker is the Chief Executive Officer.

The following tables show net revenues, operating income and total assets by reporting segments:

	December 31,
	2015			2014			2013
Net Revenues	(in thousands)
Headset	$	161,835		$	185,469		$	178,470
HyperSound	912			707			—
Total	$	162,747		$	186,176		$	178,470
Operating Income (Loss)
Headset	$	(8,698	)	$	(311	)	$	1,598
HyperSound	(65,701		)	(13,514		)	—
Total	$	(74,399	)	$	(13,825	)	$	1,598
Interest Expense	$	5,099		$	7,209		$	6,626
Other non-operating expense, net	$	1,016		$	724		$	45
Loss before income tax expense (benefit)	$	(80,514	)	$	(21,758	)	$	(5,073	)

	December 31, 2015		December 31, 2014
Total Assets	(in thousands)
Headset	$	62,361	$	82,798
HyperSound	111,490		164,170
Total	$	173,851	$	246,968

The following table represents total net revenue based on where customers are physically located:

	Year Ended
	December 31,
	2015		2014		2013
	(in thousands)
North America	$	117,526	$	123,908	$	123,224
United Kingdom	20,881		29,425		26,439
Europe	17,329		24,082		18,565
Other	7,011		8,761		10,242
Total net revenue	$	162,747	$	186,176	$	178,470

The following table represents property and equipment based on physical location:

	Year Ended
	December 31,
	2015		2014
	(in thousands)
United States	$	5,749	$	6,612
International	1,110		110
Total	$	6,859	$	6,722