| Segment Reporting [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Segment Reporting [Abstract] | |
Summary of Segment Performance |
The following tables summarize the segment contribution for the years ended December 31, 2016 and 2015:
|
|
|
Year Ended December 31, 2016 |
|
|
(In thousands) |
|
Digital Channels |
|
|
IP Licensing |
|
|
Wholesale Distribution |
|
|
Corporate |
|
|
Total |
|
|
Revenues |
|
$ |
16,262 |
|
|
$ |
168 |
|
|
$ |
63,808 |
|
|
$ |
— |
|
|
$ |
80,238 |
|
|
Operating costs and expenses |
|
|
(9,297 |
) |
|
|
(554 |
) |
|
|
(60,169 |
) |
|
|
(10,966 |
) |
|
|
(80,986 |
) |
|
Depreciation and amortization |
|
|
(618 |
) |
|
|
(134 |
) |
|
|
(1,714 |
) |
|
|
(491 |
) |
|
|
(2,957 |
) |
|
Share in ACL earnings |
|
|
— |
|
|
|
3,078 |
|
|
|
— |
|
|
|
— |
|
|
|
3,078 |
|
|
Segment contribution |
|
$ |
6,347 |
|
|
$ |
2,558 |
|
|
$ |
1,925 |
|
|
$ |
(11,457 |
) |
|
$ |
(627 |
) |
|
|
|
Year Ended December 31, 2015 |
|
|
(In thousands) |
|
Digital Channels |
|
|
IP Licensing |
|
|
Wholesale Distribution |
|
|
Corporate |
|
|
Total |
|
|
Revenues |
|
$ |
7,542 |
|
|
$ |
3,107 |
|
|
$ |
88,321 |
|
|
$ |
— |
|
|
$ |
98,970 |
|
|
Operating costs and expenses |
|
|
(8,230 |
) |
|
|
(2,276 |
) |
|
|
(83,656 |
) |
|
|
(11,185 |
) |
|
|
(105,347 |
) |
|
Depreciation and amortization |
|
|
(763 |
) |
|
|
(143 |
) |
|
|
(2,715 |
) |
|
|
(516 |
) |
|
|
(4,137 |
) |
|
Goodwill impairment |
|
|
— |
|
|
|
— |
|
|
|
(30,260 |
) |
|
|
— |
|
|
|
(30,260 |
) |
|
Share in ACL earnings |
|
|
— |
|
|
|
2,217 |
|
|
|
— |
|
|
|
— |
|
|
|
2,217 |
|
|
Segment contribution |
|
$ |
(1,451 |
) |
|
$ |
2,905 |
|
|
$ |
(28,310 |
) |
|
$ |
(11,701 |
) |
|
$ |
(38,557 |
) |
|
Reconciliation of Total Segment to Income (Loss) Before Provision for Income Taxes |
A reconciliation of total segment loss to loss before provision for income taxes is as follows:
|
|
|
Years Ended
December 31, |
|
|
(In thousands) |
|
2016 |
|
|
2015 |
|
|
Total segment loss |
|
$ |
(627 |
) |
|
$ |
(38,557 |
) |
|
Interest expense, net |
|
|
(8,400 |
) |
|
|
(9,968 |
) |
|
Change in fair value of stock warrants and other
derivatives |
|
|
(4,573 |
) |
|
|
1,373 |
|
|
Loss on extinguishment of debt |
|
|
(3,549 |
) |
|
|
— |
|
|
Other expense |
|
|
(1,293 |
) |
|
|
(1,402 |
) |
|
Loss before provision for income taxes |
|
$ |
(18,442 |
) |
|
$ |
(48,554 |
) |
|
Revenue by Geographical Location |
Total revenue by geographical location is as follows:
|
|
|
Years Ended
December 31, |
|
|
(In thousands) |
|
2016 |
|
|
2015 |
|
|
United States |
|
$ |
68,096 |
|
|
$ |
80,409 |
|
|
United Kingdom |
|
|
11,117 |
|
|
|
16,616 |
|
|
Other |
|
|
1,025 |
|
|
|
1,945 |
|
|
Net revenues |
|
$ |
80,238 |
|
|
$ |
98,970 |
|
|
Total Assets by Segment |
Total assets by segment, excluding assets of discontinued operations, are as follows:
|
|
|
December 31, |
|
|
(In thousands) |
|
2016 |
|
|
2015 |
|
|
Digital Channels |
|
$ |
5,941 |
|
|
$ |
1,489 |
|
|
IP Licensing |
|
|
18,648 |
|
|
|
22,707 |
|
|
Wholesale Distribution |
|
|
102,748 |
|
|
|
114,221 |
|
|
Corporate |
|
|
8,643 |
|
|
|
5,341 |
|
|
|
|
$ |
135,980 |
|
|
$ |
143,758 |
|
|
Long-lived Assets by Geographical Location |
Long-lived assets by geographical location are as follows:
|
|
|
December 31, |
|
|
(In thousands) |
|
2016 |
|
|
2015 |
|
|
United States |
|
$ |
75,742 |
|
|
$ |
73,637 |
|
|
United Kingdom |
|
|
25,177 |
|
|
|
31,901 |
|
|
Other |
|
|
645 |
|
|
|
646 |
|
|
Total long-lived assets |
|
$ |
101,564 |
|
|
$ |
106,184 |
|
|