SEGMENT REPORTING

3 Months Ended

Mar. 31, 2017

SEGMENT REPORTING

SEGMENT REPORTING

10. SEGMENT REPORTING

The Company updated its reportable operating segments in the first quarter of 2016 to align with how management began to allocate resources and assess the performance of its business operations.  The Company’s reportable segments 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 One Communications (formerly KeyTech, Ltd.) and Viya 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 following tables provide information for each operating segment (in thousands):

For the Three Months Ended March 31, 2017
	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items  (1)		Consolidated
Revenue
Wireless	$	37,162	$	19,068	$	—	$	—	$	56,230
Wireline		6,051		57,749		—		—		63,800
Renewable Energy		—		—		4,900		—		4,900
Equipment and Other		579		2,474		132		—		3,185
Total Revenue		43,792		79,291		5,032		—		128,115
Depreciation and amortization		6,551		13,117		1,454		1,372		22,494
Non-cash stock-based compensation		—		129		29		1,508		1,666
Operating income (loss)		16,617		9,966		1,441		(10,231)		17,793

For the Three Months Ended March 31, 2016
	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items  (1)		Consolidated
Revenue
Wireless	$	39,464	$	19,414	$	—	$	—	$	58,878
Wireline		6,046		16,399		—		—		22,445
Renewable Energy		—		—		5,589		—		5,589
Equipment and Other		688		2,086		—		—		2,774
Total Revenue		46,198		37,899		5,589		—		89,686
Depreciation and amortization		5,654		6,341		1,207		1,352		14,554
Non-cash stock-based compensation		—		—		28		1,700		1,728
Operating income (loss)		16,746		7,737		63		(8,653)		15,893

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

	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items  (1)		Consolidated
March 31, 2017
Cash, Cash equivalents, and Investments	$	16,143	$	97,104	$	18,312	$	142,689	$	274,248
Total current asset		46,955		146,696		27,177		155,802		376,630
Fixed assets, net		102,366		368,372		152,891		15,594		639,223
Goodwill		35,268		24,326		3,279		—		62,873
Total assets		209,026		595,135		198,858		190,381		1,193,400
Total current liabilities		38,469		85,774		16,108		21,474		161,825
Total debt		—		88,120		64,279		—		152,399
December 31, 2016
Cash, Cash equivalents, and Investments	$	22,235	$	97,681	$	27,378	$	131,664	$	278,958
Total current asset		50,983		143,201		37,440		135,745		367,369
Fixed assets, net		129,274		372,741		130,268		15,429		647,712
Goodwill		35,268		24,326		3,279		—		62,873
Total assets		240,006		597,454		190,253		170,505		1,198,218
Total current liabilities		23,162		95,502		12,603		18,838		150,105
Total debt		—		91,316		65,507		—		156,823

		CapitalExpenditures
		U.S.		International		Renewable		Reconciling
Three months ended  March 31,		Telecom		Telecom		Energy		Items  (1)		Consolidated
2017	$	6,044	$	16,666	$	21,788	$	1,204	$	45,702
2016		7,561		7,774		—		1,110		16,445

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