SEGMENT REPORTING

6 Months Ended

Jun. 30, 2013

SEGMENT REPORTING

SEGMENT REPORTING

10. 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 (in thousands):

	For the Three Months Ended June 30, 2012
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless:
Retail	$	84,002	$	—	$	—	$	—		$	—		$	84,002
Wholesale	51,553		—		—		—			—			51,553
International Wireless	—		6,705		13,566		—			—			20,271
Wireline	154		16,212		—		4,708			—			21,074
Equipment and Other	6,774		524		1,245		53			—			8,596
Total Revenue	142,483		23,441		14,811		4,761			—			185,496
Depreciation and amortization	18,324		4,490		2,783		693			292			26,582
Non-cash stock-based compensation	58		—		—		—			755			813
Operating income (loss)	23,978		4,141		279		(666		)	(4,666		)	23,066

	For the Six Months Ended June 30, 2012
	U.S. Wireless		International Integrated Telephony		Island Wireless			U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless:
Retail	$	170,686	$	—	$	—		$	—		$	—		$	170,686
Wholesale	98,937		—		—			—			—			98,937
International Wireless	—		13,052		26,119			—			—			39,171
Wireline	297		33,003		—			9,504			—			42,804
Equipment and Other	13,445		957		2,496			87			—			16,985
Total Revenue	283,365		47,012		28,615			9,591			—			368,583
Depreciation and amortization	37,026		9,017		5,569			1,438			556			53,606
Non-cash stock-based compensation	116		—		—			—			1,792			1,908
Operating income (loss)	42,900		10,377		(1,362		)	(1,089		)	(9,630		)	41,196

	For the Three Months Ended June 30, 2013
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless:
Retail	$	80,733	$	—	$	—	$	—		$	—		$	80,733
Wholesale	42,030		—		—		—			—			42,030
International Wireless	—		6,530		15,307		—			—			21,837
Wireline	152		15,170		—		6,738			(1,183		)	20,877
Equipment and Other	7,375		508		1,655		57			—			9,595
Total Revenue	130,290		22,208		16,962		6,795			(1,183		)	175,072
Depreciation and amortization	17,170		4,535		2,560		794			395			25,454
Non-cash stock-based compensation	60		—		—		—			1,166			1,226
Operating income (loss)	17,250		6,235		2,301		(124		)	(5,525		)	20,137

	For the Six Months Ended June 30, 2013
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless:
Retail	$	162,015	$	—	$	—	$	—		$	—		$	162,015
Wholesale	82,332		—		—		—			—			82,332
International Wireless	—		13,284		29,983		—			—			43,267
Wireline	304		30,853		—		13,319			(3,035		)	41,441
Equipment and Other	15,142		763		2,873		107			—			18,885
Total Revenue	259,793		44,900		32,856		13,426			(3,035		)	347,940
Depreciation and amortization	34,985		8,925		5,155		1,436			754			51,255
Non-cash stock-based compensation	99		—		—		—			1,972			2,071
Operating income (loss)	32,267		12,568		3,935		(532		)	(10,332		)	37,906

	Segment Assets
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline		Reconciling Items		Consolidated
December 31, 2012:
Net fixed assets	$	262,372	$	126,532	$	33,745	$	17,489	$	10,409	$	450,547
Goodwill	32,148		—		5,438		7,491		—		45,077
Total assets	539,008		191,314		77,120		30,888		72,545		910,875
June 30, 2013:
Net fixed assets	$	264,787	122,200		30,624		23,331		9,890		450,832
Goodwill	32,148		—		5,438		7,491		—		45,077
Total assets	527,689		194,590		81,816		39,420		48,997		892,512

	Capital Expenditures
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline		Reconciling Items		Consolidated
Six Months Ended June 30,
2012	$	20,411	$	4,131	$	2,521	$	3,538	$	1,671	$	32,272
2013	$	35,844	$	6,116	$	1,910	$	6,689	$	1,624	$	52,183