SEGMENT REPORTING

3 Months Ended

Mar. 31, 2015

SEGMENT REPORTING

SEGMENT REPORTING

11.  SEGMENT REPORTING

For the three months ended March 31, 2014, the Company had four reportable segments for separate disclosure in accordance with the FASB’s authoritative guidance on disclosures about segments of an enterprise. Those four segments were: 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 all of 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 (through March 23, 2015) and iv) U.S. Wireline, which generates all of its revenues in and has all of its assets located in the United States. With the Ahana Acquisition on December 24, 2014, the Company added a fifth reportable segment, Renewable Energy, which generates all of its revenues in and has all of its assets located in the United States. Segment presentations for the three months ended March 31, 2014 were not impacted by the Ahana Acquisition. 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 March 31, 2014
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Renewable Energy		Reconciling Items			Consolidated
Revenue
U.S. wireless	$	28,392	$	—	$	—	$	—		$	—	$	—		$	28,392
International wireless	—		6,897		16,251		—			—		—			23,148
Wireline	152		14,706		—		7,308			—		(636		)	21,530
Renewable energy	—		—		—		—			—		—			—
Equipment and other	179		194		1,672		59			—		—			2,104
Total revenue	28,723		21,797		17,923		7,367			—		(636		)	75,174
Depreciation and amortization	3,303		4,313		2,608		1,140			—		616			11,980
Non-cash stock-based compensation	—		—		—		—			—		1,058			1,058
Operating income (loss)	13,589		5,635		3,426		(1,074		)	—		(5,328		)	16,248

	For the Three Months Ended March 31, 2015
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Renewable Energy		Reconciling Items			Consolidated
Revenue
U.S. wireless	$	35,843	$	—	$	—	$	—		$	—	$	—		$	35,843
International wireless	—		6,126		15,046		—			—		—			21,172
Wireline	152		14,600		—		5,841			—		—			20,593
Renewable energy	—		—		—		—			5,289		—			5,289
Equipment and other	484		382		1,519		56			—		—			2,441
Total revenue	36,479		21,108		16,565		5,897			5,289		—			85,338
Depreciation and amortization	4,147		4,366		2,545		1,356			1,204		1,133			14,751
Non-cash stock-based compensation										181		1,043			1,224
Operating income (loss)	17,910		3,766		2,413		(1,135		)	2,652		(6,455		)	19,151

	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline		Renewable Energy		Reconciling Items			Consolidated
December 31, 2014:
Net fixed assets	$	79,910	$	108,972	$	26,590	$	28,113	$	111,342	$	14,655		$	369,582
Goodwill	32,148		—		5,438		7,491		—		—			45,077
Total assets	188,377		201,649		74,563		42,446		130,124		287,871		(1)	925,030
March  31, 2015:
Net fixed assets	$	80,932	$	107,636	$	23,094	$	27,333	$	110,138	$	14,254		$	363,387
Goodwill	32,148		—		5,438		7,491		—		—			45,077
Total assets	192,822		196,682		70,281		45,265		126,585		293,148		(1)	924,783

(1) Includes $175 and $44 of assets associated with our discontinued operations as of December 31, 2014 and March 31, 2015, respectively

	Capital Expenditures
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline		Renewable Energy		Reconciling Items		Consolidated
Three Months Ended March 31,
2014	$	5,337	$	2,176	$	366	$	430	$	—	$	427	$	8,736
2015	6,373		2,791		2,418		1,498		—		732		13,812