RigNet (RNET) 10-Q 6 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 31, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Trading Symbol	RNET
Entity Registrant Name	RigNet, Inc.
Entity Central Index Key	0001162112
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Security Exchange Name	NASDAQ
Title of 12(b) Security	Common Stock, $0.001 par value per share
Entity Common Stock, Shares Outstanding		20,559,781
Entity File Number	001-35003
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	76-0677208
Entity Address, Address Line One	15115 Park Row Blvd
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77084-4947
City Area Code	281
Local Phone Number	674-0100
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 16,887	$ 12,941
Restricted cash	1,500	42
Accounts receivable, net	58,583	67,059
Costs and estimated earnings in excess of billings on uncompleted contracts (CIEB)	14,421	13,275
Prepaid expenses and other current assets	5,141	6,500
Total current assets	96,532	99,817
Property, plant and equipment, net	51,005	60,118
Restricted cash		1,522
Goodwill	19,982	46,792
Intangibles, net	20,392	30,145
Right-of-use lease asset	6,193	6,829
Deferred tax and other assets	5,378	5,757
TOTAL ASSETS	199,482	250,980
Current liabilities:
Accounts payable	21,226	28,517
Accrued expenses	16,828	16,660
Current maturities of long-term debt	8,836	10,793
Income taxes payable	1,223	2,649
GX dispute accrual		750
Deferred revenue and other current liabilities	19,121	11,173
Total current liabilities	67,234	70,542
Long-term debt	100,241	96,934
Deferred revenue	767	855
Deferred tax liability	1,989	2,672
Right-of-use lease liability - long-term portion	5,764	6,329
Other liabilities	16,304	26,771
Total liabilities	192,299	204,103
Commitments and contingencies (Note 10)
Stockholders' equity
Preferred stock - $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding at September 30, 2020 and December 31, 2019
Common stock - $0.001 par value; 190,000,000 shares authorized; 20,556,408 and 19,979,284 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	21	20
Treasury stock - 448,586 and 203,756 shares at September 30, 2020 and December 31, 2019, respectively, at cost	(3,285)	(2,693)
Additional paid-in capital	189,753	184,571
Accumulated deficit	(152,373)	(115,673)
Accumulated other comprehensive loss	(27,011)	(19,502)
Total stockholders' equity	7,105	46,723
Non-redeemable, non-controlling interest	78	154
Total equity	7,183	46,877
TOTAL LIABILITIES AND EQUITY	$ 199,482	$ 250,980

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	190,000,000	190,000,000
Common stock, shares issued	20,556,408	19,979,284
Common stock, shares outstanding	20,556,408	19,979,284
Treasury stock, shares	448,586	203,756

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Revenue	$ 48,722	$ 60,993	$ 160,874	$ 178,835
Expenses:
Cost of revenue (excluding depreciation and amortization)	29,995	35,662	101,632	108,637
Depreciation and amortization	6,375	7,172	20,219	23,763
Impairment of goodwill and intangible assets	3,836		26,977
Change in fair value of earn-out/contingent consideration			3,916	1,284
Selling and marketing	2,262	2,784	7,281	9,529
General and administrative	9,295	12,377	32,577	43,305
Total expenses	51,763	57,995	192,602	186,518
Operating income (loss)	(3,041)	2,998	(31,728)	(7,683)
Other expense:
Interest expense	(1,315)	(1,784)	(4,168)	(4,291)
Other income (expense), net	(416)	(486)	(750)	(507)
Income (loss) before income taxes	(4,772)	728	(36,646)	(12,481)
Income tax (expense) benefit	(695)	(998)	156	(5,868)
Net loss	(5,467)	(270)	(36,490)	(18,349)
Less: Net loss attributable to non-redeemable, non-controlling interest	70	224	210	284
Net loss attributable to RigNet, Inc. stockholders	(5,537)	(494)	(36,700)	(18,633)
COMPREHENSIVE LOSS
Net loss	(5,467)	(270)	(36,490)	(18,349)
Foreign currency translation	39	(2,913)	(7,509)	(2,577)
Comprehensive loss	(5,428)	(3,183)	(43,999)	(20,926)
Less: Comprehensive income attributable to non-controlling interest	70	224	210	284
Comprehensive loss attributable to RigNet, Inc. stockholders	(5,498)	(3,407)	(44,209)	(21,210)
LOSS PER SHARE - BASIC AND DILUTED
Net loss attributable to RigNet, Inc. common stockholders	$ (5,537)	$ (494)	$ (36,700)	$ (18,633)
Net loss per share attributable to RigNet, Inc. common stockholders, basic	$ (0.25)	$ (0.02)	$ (1.69)	$ (0.94)
Net loss per share attributable to RigNet, Inc. common stockholders, diluted	$ (0.25)	$ (0.02)	$ (1.69)	$ (0.94)
Weighted average shares outstanding, basic	22,573	19,970	21,776	19,777
Weighted average shares outstanding, diluted	22,573	19,970	21,776	19,777

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net loss	$ (36,490)	$ (18,349)
Adjustments to reconcile net loss to net cash provided by operations:
Depreciation and amortization	20,219	23,763
Impairment of goodwill and intangible assets	26,977
Stock-based compensation	5,188	7,132
Amortization of deferred financing costs	284	252
Deferred taxes	(595)	4,902
Change in fair value of earn-out/contingent consideration	3,916	1,284
Accretion of discount of contingent consideration payable for acquisitions	468	262
(Gain) loss on sales of property, plant and equipment, net of retirements	195	19
Changes in operating assets and liabilities, net of effect of acquisition:
Accounts receivable, net	7,501	4,995
Costs and estimated earnings in excess of billings on uncompleted contracts (CIEB)	(243)	(4,536)
Prepaid expenses and other assets	1,472	128
Right-of-use lease asset	636	1,214
Accounts payable	(4,366)	5,355
Accrued expenses	(225)	36
GX Dispute payment	(750)	(50,000)
Deferred revenue	(1,257)	1,635
Right-of-use lease liability	(827)	(1,593)
Other liabilities	(3,383)	(2,444)
Net cash provided by (used in) operating activities	18,720	(25,945)
Cash flows from investing activities:
Capital expenditures	(10,698)	(16,776)
Proceeds from sales of property, plant and equipment	27	300
Net cash used in investing activities	(10,671)	(16,476)
Cash flows from financing activities:
Issuance of common stock upon the exercise of stock options and the vesting of restricted stock	1	4
Stock withheld to cover employee taxes on stock-based compensation	(598)	(1,412)
Subsidiary distributions to non-controlling interest	(286)	(275)
Proceeds from borrowings	15,550	48,500
Proceeds from Paycheck Protection Program Loan	6,298
Repayments of long-term debt	(23,163)	(11,413)
Payment of financing fees	(485)	(486)
Net cash provided by (used in) financing activities	(2,683)	34,918
Net change in cash and cash equivalents	5,366	(7,503)
Cash and cash equivalents including restricted cash:
Cash and cash equivalents including restricted cash	14,505	23,296
Changes in foreign currency translation	(1,484)	35
Cash and cash equivalents including restricted cash	18,387	15,828
Supplemental disclosures:
Income taxes paid	3,698	3,881
Interest paid	3,349	3,645
Property, plant and equipment acquired under finance leases		556
Non-cash investing - capital expenditures accrued	566	2,873
Non-cash investing and financing - issuance of common stock for the Intelie earn-out		3,000
Right-of-use operating lease entered into	582	539
Cash and cash equivalents	16,887	14,267
Restricted cash - current portion	1,500	39
Restricted cash - long-term portion		1,522
Cash and cash equivalents including restricted cash	$ 18,387	$ 15,828

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings (Accumulated Deficit) [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total Stockholders' Equity [Member]	Non-Redeemable, Non-Controlling Interest [Member]
Beginning Balance at Dec. 31, 2018	$ 55,984	$ 19	$ (1,270)	$ 172,946	$ (96,517)	$ (19,254)	$ 55,924	$ 60
Beginning Balance, shares at Dec. 31, 2018		19,465,000	92,000
Issuance of common stock upon the exercise of stock options	3			3			3
Issuance of common stock upon the exercise of stock options, shares		1,000
Issuance of common stock upon the vesting of Restricted Stock Units, net of share cancellations	1	$ 1					1
Issuance of common stock upon the vesting of Restricted Stock Units, net of share cancellations, shares		296,000
Issuance of common stock for the Intelie earn-out	3,000			3,000			3,000
Issuance of common stock for the Intelie earn-out, shares		208,000
Stock withheld to cover employee taxes on stock-based compensation	(1,412)		$ (1,412)				(1,412)
Stock withheld to cover employee taxes on stock-based compensation, shares			110,000
Stock-based compensation	7,132			7,132			7,132
Foreign currency translation	(2,577)					(2,577)	(2,577)
Non-controlling owner distributions	(275)							(275)
Net income (loss)	(18,349)				(18,633)		(18,633)	284
Ending Balance at Sep. 30, 2019	43,507	$ 20	$ (2,682)	183,081	(115,150)	(21,831)	43,438	69
Ending Balance, shares at Sep. 30, 2019		19,970,000	202,000
Beginning Balance at Jun. 30, 2019	45,332	$ 20	$ (2,676)	181,577	(114,656)	(18,918)	45,347	(15)
Beginning Balance, shares at Jun. 30, 2019		19,969,000	201,000
Issuance of common stock upon the vesting of Restricted Stock Units, net of share cancellations, shares		1,000
Stock withheld to cover employee taxes on stock-based compensation	(6)		$ (6)				(6)
Stock withheld to cover employee taxes on stock-based compensation, shares			1,000
Stock-based compensation	1,504			1,504			1,504
Foreign currency translation	(2,913)					(2,913)	(2,913)
Non-controlling owner distributions	(140)							(140)
Net income (loss)	(270)				(494)		(494)	224
Ending Balance at Sep. 30, 2019	43,507	$ 20	$ (2,682)	183,081	(115,150)	(21,831)	43,438	69
Ending Balance, shares at Sep. 30, 2019		19,970,000	202,000
Beginning Balance at Dec. 31, 2019	$ 46,877	$ 20	$ (2,693)	184,571	(115,673)	(19,502)	46,723	154
Beginning Balance, shares at Dec. 31, 2019	19,979,284	19,979,000	204,000
Issuance of common stock upon the vesting of Restricted Stock Units, net of share cancellations	$ 1	$ 1					1
Issuance of common stock upon the vesting of Restricted Stock Units, net of share cancellations, shares		577,000
Stock withheld to cover employee taxes on stock-based compensation	(598)		$ (592)	(6)			(598)
Stock withheld to cover employee taxes on stock-based compensation, shares			245,000
Stock-based compensation	5,188			5,188			5,188
Foreign currency translation	(7,509)					(7,509)	(7,509)
Non-controlling owner distributions	(286)							(286)
Net income (loss)	(36,490)				(36,700)		(36,700)	210
Ending Balance at Sep. 30, 2020	$ 7,183	$ 21	$ (3,285)	189,753	(152,373)	(27,011)	7,105	78
Ending Balance, shares at Sep. 30, 2020	20,556,408	20,556,000	449,000
Beginning Balance at Jun. 30, 2020	$ 12,244	$ 21	$ (3,281)	189,251	(146,836)	(27,050)	12,105	139
Beginning Balance, shares at Jun. 30, 2020		20,551,000	446,000
Issuance of common stock upon the vesting of Restricted Stock Units, net of share cancellations, shares		5,000
Stock withheld to cover employee taxes on stock-based compensation	(4)		$ (4)				(4)
Stock withheld to cover employee taxes on stock-based compensation, shares			3,000
Stock-based compensation	502			502			502
Foreign currency translation	39					39	39
Non-controlling owner distributions	(131)							(131)
Net income (loss)	(5,467)				(5,537)		(5,537)	70
Ending Balance at Sep. 30, 2020	$ 7,183	$ 21	$ (3,285)	$ 189,753	$ (152,373)	$ (27,011)	$ 7,105	$ 78
Ending Balance, shares at Sep. 30, 2020	20,556,408	20,556,000	449,000

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	Note 1 – Basis of Presentation The interim unaudited condensed consolidated financial statements of RigNet, Inc. (the Company or RigNet) include all adjustments which, in the opinion of management, are necessary for a fair presentation of the Company’s financial position and results of operations. All such adjustments are of a normal recurring nature. These financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and Rule 10-01 of Regulation S-X. The preparation of these financial statements requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying footnotes. Estimates and assumptions about future events and their effects cannot be perceived with certainty. Estimates may change as new events occur, as more experience is acquired, as additional information becomes available and as the Company’s operating environment changes. Actual results could differ from estimates. These interim financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2019 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 11, 2020. Significant Accounting Policies In addition to the accounting policies described below, please refer to RigNet’s Annual Report on Form 10-K for the fiscal year 2019 for information regarding the Company’s accounting policies. Revenue Recognition – Revenue from Contracts with Customers Revenue is recognized to depict the transfer of promised goods or services in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. Revenue Recognition – Managed Communications Services (MCS) and Applications and Internet-of-Things (Apps & IoT) MCS and Apps & IoT customers are primarily served under fixed-price contracts, either on a monthly, usage or day rate basis or for equipment sales and consulting services. Contracts are generally in the form of Master Service Agreements, or MSAs, with specific services being provided under individual service orders. Offshore contracts generally have a term of up to five years with renewal options. Land-based contracts are generally shorter term or terminable on short notice without a penalty. Service orders are executed under the MSA for individual remote sites or groups of sites, and generally permit early termination on short notice without penalty in the event of force majeure, breach of the MSA or cold stacking of a drilling rig (when a rig is taken out of service and is expected to be idle for a protracted period of time). With certain customers, our contracts require that the contract backlog on stack rigs be transferred to other units, preserving the total contract value. Performance Obligations Satisfied Over Time — The delivery of service represents the single performance obligation under MCS and Apps & IoT contracts. Revenue for contracts is generally recognized over time as service is transferred to the customer and the Company expects to be entitled to the agreed monthly, usage or day rate in exchange for those services. Performance Obligations Satisfied at a Point in Time — The delivery of equipment represents the single performance obligation under equipment sale contracts. Revenue for equipment sales is generally recognized upon delivery of equipment to customers. Revenue Recognition – Systems Integration Revenues related to long-term, fixed-price Systems Integration contracts for customized network solutions are recognized based on the cost to cost (formerly known as percentage of completion) for the contract. At any point, RigNet has numerous contracts in progress, all of which are at various stages of completion. Accounting for revenues and profits on long-term contracts requires estimates of total estimated contract costs and estimates of progress toward completion to determine the extent of revenue and profit recognition. Performance Obligations Satisfied Over Time — The delivery of a Systems Integration solution represents the single performance obligation under Systems Integration contracts. Progress towards completion on fixed-price contracts is measured based on the ratio of costs incurred to total estimated contract costs (the cost-to-cost method). These estimates may be revised as additional information becomes available or as specific project circumstances change. The Company reviews all material contracts on a monthly basis and revises the estimates as appropriate for developments such as providing services, purchasing third-party materials and equipment at costs differing from those previously estimated, and incurring or expecting to incur schedule issues. Changes in estimated final contract revenues and costs can either increase or decrease the final estimated contract profit or loss. Profits are recorded in the period in which a change in estimate is recognized, based on the progress achieved through the period of change. Anticipated losses on contracts are recorded in full in the period in which they become evident. Revenue recognized in excess of amounts billed is classified as a current asset under Costs and estimated earnings in excess of billings on uncompleted contracts (CIEB). Systems Integration contracts are billed in accordance with the terms of the contract which are typically either based on milestones or specified time intervals. As of September 30, 2020, and December 31, 2019, the amount of CIEB related to Systems Integration projects was $14.4 million and $13.3 million, respectively. Under long-term contracts, amounts recorded in CIEB may not be realized or paid within a one-year period. As of September 30, 2020 and December 31, 2019, $0.6 million and $1.0 million, respectively, of amounts billed to customers in excess of revenue recognized to date were classified as a current liability, under deferred revenue and other current liabilities. Variable Consideration – Systems Integration - The Company records revenue on contracts relating to certain probable claims and unapproved change orders by including in revenue an amount less than or equal to the amount of costs incurred to date relating to these probable claims and unapproved change orders, thus recognizing no profit until such time as claims are finalized or change orders are approved. The amount of unapproved change orders and claim revenues is included in the Company’s Condensed Consolidated Balance Sheets as part of CIEB. No material unapproved change orders or claims revenue were included in CIEB as of September 30, 2020, and December 31, 2019 . As new facts become known, an adjustment to the estimated recovery is made and reflected in the current period. Backlog - As of September 30, 2020, we have a backlog for our cost to cost projects of $12.4 million, which will be recognized over the remaining contract term for each contract. The cost to cost contract terms are typically one to three years. As of December 31, 2019, we had a backlog for our cost to cost projects of $26.2 million. Leases Effective with adoption of Accounting Standards Update No. 2016-02 (ASU 2016-02), Leases (the new lease standard) on January 1, 2019, we now determine if an arrangement is a lease at inception. Operating leases right-of-use assets and liabilities are included in right-to-use lease asset, deferred revenue and other current liabilities, and right-to-use lease liability – long-term portion on our condensed consolidated balance sheets. Finance leases are included in property, plant and equipment; current maturities of long-term debt; and long-term debt on our condensed consolidated balance sheets. Operating lease right-to-use assets and liabilities are recognized based on the present value of the future minimum lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Recently Issued Accounting Pronouncements In June 2016, the FASB issued Accounting Standards Update No. 2016-13 (ASU 2016-13), which measures credit losses on most financial assets and certain other instruments that are not measured at fair value through net income. The update amends the impairment model to utilize a current expected credit loss (CECL) methodology in place of the incurred loss methodology for financial instruments, including trade receivables. The amendment requires entities to consider a broader range of information to estimate expected credit losses, which may result in earlier recognition of losses. Companies applied this standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The new standard is effective for interim and annual reporting periods beginning Company adopted the guidance effective January 1, 2020, and the guidance did not have a material impact on the Company’s condensed consolidated financial statements. In January 2017, the FASB issues ASU No. 2017-04 (ASU 2017-04), which removes the requirement to compare the implied fair value of the goodwill with its carrying amount as part of step two of the goodwill impairment test. Under ASU 2017-04, an entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The ASU is effective for impairments tests in annual and interim reporting periods beginning after December 15, 2019. The Company adopted the guidance effective January 1, 2020, and the guidance did not have a material impact on the Company’s condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13 (ASU 2018-13), which eliminates disclosures, modifies existing disclosures and adds new Fair Value disclosure requirements to Topic 820 for the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The ASU is effective for annual and interim reporting periods beginning after December 15, 2019. In August 2018, the FASB issued ASU No. 2018-15 (ASU 2018-15), which provides guidance on implementation costs incurred in a cloud computing arrangement that is a service contract. The ASU is effective for annual and interim reporting periods beginning after December 15, 2019. The Company adopted the guidance effective January 1, 2020, and the guidance did not have a material impact on the Company’s condensed consolidated financial statements. In December 2019, the FASB issued Accounting Standards Update No. 2019-12 (ASU 2019-12), Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU removes certain exceptions for investments, intraperiod allocations and interim tax calculations and adds guidance to reduce complexity in accounting for income taxes. We will be required to adopt the amended guidance in annual and interim periods beginning after December 15, 2020, with early adoption permitted. The various amendments in Update 2019-12 are applied on a retrospective basis, modified retrospective basis and prospective basis, depending on the amendment. We are in the process of evaluating the impact this amendment will have on our consolidated financial statements. In March 2020, the FASB issued Accounting Standards Update No. 2020-04 (ASU 2020-04), Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides optional guidance for a limited period of time to ease the potential burden in accounting or recognizing the effects of the LIBOR or another reference rate reform on financing rate. The amendments are effective through December 31, 2022. We are currently in the process of evaluating the impact of the transition from LIBOR to alternative reference rates, but we do not expect a material impact on our consolidated financial statements.

Business and Credit Concentrati

Business and Credit Concentrations	9 Months Ended
	Sep. 30, 2020
Risks And Uncertainties [Abstract]
Business and Credit Concentrations	Note 2 – Business and Credit Concentrations The Company is exposed to various business and credit risks including interest rate, foreign currency, credit and liquidity risks. Interest Rate Risk The Company has significant interest-bearing liabilities at variable interest rates which generally price monthly. The Company’s variable borrowing rates are presently tied to LIBOR resulting in interest rate risk (see Note 5 – Long-Term Debt). The Company presently does not use financial instruments to hedge interest rate risk, but evaluates this on a regular basis and may utilize financial instruments in the future if deemed necessary. Foreign Currency Risk The Company has exposure to foreign currency risk, as a portion of the Company’s activities are conducted in currencies other than U.S. dollars. Currently, the Norwegian Kroner, the British Pound Sterling and the Brazilian Real are the currencies that could materially impact the Company’s financial position and results of operations. The Company presently does not hedge these risks, but evaluates financial risk on a regular basis and may utilize financial instruments in the future if deemed necessary. Foreign currency translations are reported as accumulated o ther comprehensive income ( loss ) in the Company’s condensed consolidated financial statements. Credit and Customer Concentration Risk Credit risk, with respect to accounts receivable, is due to customers being concentrated in the oil and gas, maritime, pipeline, engineering and construction industries Liquidity Risk The Company maintains cash and cash equivalent balances with major financial institutions which, at times, exceed federally insured limits. The Company monitors the financial condition of the financial institutions and has not experienced losses associated with these accounts during 2020 or 2019. Liquidity risk is managed by continuously monitoring forecasted and actual cash flows and by matching the maturity profiles of financial assets and liabilities (see Note 5 – Long-Term Debt).

Goodwill and Intangibles

Goodwill and Intangibles	9 Months Ended
	Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangibles	Note 3 – Goodwill and Intangibles Goodwill Goodwill resulted from prior acquisitions as the consideration paid for the acquired businesses exceeded the fair value of acquired identifiable net tangible and intangible assets. Goodwill is reviewed for impairment at least annually with additional evaluations being performed when events or circumstances indicate that the carrying value of these assets may not be recoverable. The Company performs its annual impairment test as of July 31 st In connection with the July 31, 2020 impairment test for Apps & IoT, the most recent annual test performed prior to September 30, 2020, the fair value of the Apps & IoT was in excess of its carrying value and no impairment was noted. Apps & IoT had $20.0 million of goodwill as of September 30, 2020, and fair value exceeded carrying value by over 100% as of the July 31, 2020 annual impairment test. The Company used the income approach to estimate the fair value of its reporting units, but also considered the market approach to validate the results. The income approach estimates the fair value by discounting each reporting unit’s estimated future cash flows using the Company’s discount rate. Some of the significant assumptions inherent in the income approach include the estimated future net annual cash flows for each reporting unit and the discount rate. The Company selected the assumptions used in the discounted cash flow projections using historical information with supplemental data by current and anticipated market conditions and estimated growth rates. The Company's estimates are based upon assumptions believed to be reasonable. However, given the inherent uncertainty in determining the assumptions underlying a discounted cash flow analysis, particularly in the current volatile market, actual results may differ from those used in the Company's valuations. Any future downturn in our business could adversely impact the key assumptions in our impairment test. As of September 30, 2020, and December 31, 2019, goodwill was $20.0 million and $46.8 million, respectively. Goodwill increases or decreases in value due to the effect of foreign currency translation, increases with acquisitions, and decreases in the event an impairment is recognized. Intangibles Intangibles consist of customer relationships, brand covenants-not-to-compete and licenses The Company’s intangibles have useful lives ranging from 5.0 to 20.0 years The Company reviews its finite-lived assets and certain other long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The Company identified a triggering event in the Apps & IoT segment associated with Cyphre as a result of market conditions. This circumstance resulted in a reduction in the Company’s cash flow projection during a revision of the internal forecast. The Company performed a recoverability analysis and determined the carrying value of the intangibles acquired with the Cyphre acquisition, which included trade name, customer relationship and developed technology, was in excess of its recoverable value and recognized an impairment of $3.8 million. As of September 30, 2020, and December 31, 2019, intangibles were $20.4 million and $30.1 million, respectively. During the three months ended September 30, 2020 and 2019, the Company recognized amortization expense of $1.5 million and $2.0 million, respectively. During the nine months ended September 30, 2020 and 2019, the Company recognized amortization expense of $5.5 million and $6.9 million, respectively The following table sets forth expected amortization expense of intangibles for the remainder of 2020 and the following years (in thousands): 2020 1,336 2021 5,181 2022 4,772 2023 4,173 2024 3,277 2025 861 Thereafter 792 $ 20,392

Restricted Cash

Restricted Cash	9 Months Ended
	Sep. 30, 2020
Cash And Cash Equivalents [Abstract]
Restricted Cash	As of September 30, 2020, the Company had in the MCS segment .

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Long-Term Debt	Note 5 – Long-Term Debt As of September 30, 2020, and December 31, 2019, the following credit facilities and long-term debt arrangements with financial institutions were in place: September 30, December 31, 2020 2019 (in thousands) Term Loan $ 12,000 $ 5,000 Term-Out Loan - 25,500 Revolving credit facility (RCF) 88,700 77,150 Vendor Finance Arrangement 2,328 - Paycheck Protection Program Loan 6,298 - Unamortized deferred financing costs (667 ) (466 ) Finance lease 418 543 109,077 107,727 Less: Current maturities of long-term debt (7,640 ) (10,627 ) Current maturities of Vendor Finance Arrangement (1,030 ) - Current maturities of finance lease (166 ) (166 ) $ 100,241 $ 96,934 Credit Agreement The Company and certain of its subsidiaries are party to the Third Amendment to the Third Amended and Restated Credit Agreement, dated as of February 21, 2020, with four participating financial institutions (as amended from time to time, the Credit Agreement), which provides for a $16.0 million term loan (Term Loan), a $100.0 million RCF and a $30.0 million accordion feature. The Term Loan matures on March 31, 2022 with principal installments of $2.0 million due quarterly beginning June 30, 2020. Under this schedule the Term Loan is expected to be fully repaid at its maturity. The RCF and accordion, if exercised, mature on August 31, 2022. The Credit Agreement bears Term Loan As of September 30, 2020, the outstanding principal amount of the Term Loan was $12.0 million, excluding the impact of unamortized deferred financing costs. RCF As of September 30, 2020, outstanding draws on the RCF were $88.7 million. Covenants and Restrictions The Company’s Credit Agreement contains certain covenants and restrictions, including restricting the payment of cash dividends under default, and maintaining certain financial covenants such as a Consolidated Leverage Ratio, of less than or equal to 3.25 through the third quarter of 2020. The Consolidated Leverage Ratio requirement then steps down to 3.00 through the second quarter of 2021 and then steps down to 2.75 for all remaining quarters. The Consolidated Fixed Charge Coverage ratio requirement is greater than or equal to 1.25 through the maturity of the Credit Agreement. If any default occurs related to these covenants that is not cured or waived, the unpaid principal and any accrued interest can be declared immediately due and payable. The facilities under the Credit Agreement are secured by substantially all the assets of the Company. On September 8, 2020, the Company entered into a fourth amendment to the Credit Agreement (Fourth Amendment), which permits the Company to exclude the amount borrowed pursuant to the Paycheck Protection Program established under the CARES Act from the Company’s calculation of Consolidated Funded Indebtedness for all periods prior to and including March 31, 2021. We believe we have accurately calculated and reported our required debt covenant calculations for the September 30, 2020 reporting period and are in compliance with the required covenant ratios. As of September 30, 2020, the Consolidated Leverage Ratio was 2.97 and Consolidated Fixed Charge Coverage Ratio was 2.13. Vendor Finance Agreement As of September 30, 2020, the Company had a vendor financing agreement in place, with an outstanding balance of $2.3 million. The outstanding balance bears interest at a rate of 6% and has quarterly payments of $0.3 million of principal and interest through January 2023 Paycheck Protection Program Loan In May 2020, the Company entered into the PPP Loan. Under the PPP Loan, the Company borrowed $6.3 million which the Company expects to be eligible for forgiveness pursuant to the applicable regulations of the PPP. Currently, the regulations provide for loan forgiveness to the extent that (i) the proceeds are used in the Cover Period, as defined in the application for loan forgiveness, after the funding of the loan, (ii) at least 60% of the forgiven amount is used for eligible payroll costs and (iii) the remaining proceeds are used for interest on mortgages, rents, or utilities, and interest on other debt obligations incurred before February 15, 2020. The amount eligible for forgiveness may be reduced if, among other things, the Company reduces its full-time headcount or if the Company reduces salaries and wages beyond certain limits. While the Company expects all $6.3 million will be used in accordance with the regulations for forgiveness, not all costs are within the control of the Company and these regulations are subject to change as a result of administrative or judicial proceedings or legislative initiatives including additional regulations that are anticipated to be released by the SBA. While the Company cannot determine the ultimate outcome, based on the Company’s assessments on the current rules in place, the Company believes it should qualify for full forgiveness. Any amounts not forgiven must be repaid in two years and will accrue interest at a rate of 1.0% per year. No interest or principal payments are due for six months, at which time interest and principal payments will be made on any unforgiven balance under terms established by Bank of America, N.A. at that time. The SBA has publicly stated that it intends to review all loans in excess of $2.0 million when loan forgiveness is requested. The SBA has not provided any further details of this review and the Company cannot assure the results of any such review. Performance Bonds, Surety Bonds and Other Similar Instruments As of September 30, 2020, there were $4.3 million of performance bonds, surety bonds and similar instruments outstanding of which $2.0 million is issued by the parties under the Credit Agreement. In June 2016, the Company secured a performance bond facility with a lender in the amount of $1.5 million for its MCS segment. This facility has a maturity date of June 2021 Debt Maturities The following table sets forth the aggregate principal maturities of long-term debt, net of deferred financing cost amortization, for the remainder of 2020 and the following years (in thousands): 2020 2,179 2021 8,731 2022 97,862 2023 306 Total debt, including current maturities $ 109,077

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Note 6 – Fair Value Disclosures The Company uses the following methods and assumptions to estimate the fair value of financial instruments: • Cash and Cash Equivalents — Reported amounts approximate fair value based on quoted market prices (Level 1). • Restricted Cash — Reported amounts approximate fair value. • Accounts Receivable — Reported amounts, net of the allowance for doubtful accounts, approximate fair value due to the short-term nature of these assets. • Accounts Payable, Including Income Taxes Payable and Accrued Expenses — Reported amounts approximate fair value due to the short-term nature of these liabilities. • Long-Term Debt — The carrying amount of the Company’s floating-rate debt approximates fair value since the interest rates paid are based on short-term maturities and recent quoted rates from financial institutions. The estimated fair value of debt was calculated based upon observable (Level 2) inputs regarding interest rates available to the Company at the end of each respective period. The Company’s non-financial assets, such as goodwill, intangibles and property, plant and equipment, are measured at fair value, based on level 3 inputs, when there is an indicator of impairment and recorded at fair value only when an impairment charge is recognized. The earn-out for Intelie is measured at fair value in each reporting period, based on level 3 inputs, with any change to the fair value recorded in the Condensed Consolidated Statements of Comprehensive Loss. The earn-out is payable in RigNet stock in portions and is based on certain post-closing performance targets under the acquisition agreement. In May 2019, the Company issued 208,356 shares of its common stock, with an aggregate value of $3.0 million, as payment for the portion of the earn-out earned as of the first anniversary of the closing of the acquisition. The earn-out was originally payable on the first, second and third anniversary of the March 23, 2018 closing of the acquisition. However, on June 11, 2020, the Company, Intelie and the former shareholders of Intelie entered into the Third Amendment to the Purchase Agreement dated as of January 15, 2018. The Amendment clarified the calculation of certain contingent consideration, extended the earn-out achievement period by six months, and delayed the time of payment of a portion of that contingent consideration until September 23, 2021, but did not change the amount or form of consideration that could be paid pursuant to the Purchase Agreement. The value of the maximum remaining earn-out consideration is $13.9 million. As of September 30, 2020, the fair value of the earn-out was $13.7 million, all of which is reported in deferred revenue and other current liabilities on the Company’s condensed consolidated balance sheet. During the three and nine months ended September 30, 2020, RigNet recognized an increase in the fair value of the earn-out of none and $3.9 million, respectively. Additionally, during the three and nine months ended September 30, 2020, RigNet recognized accreted interest expense on the Intelie earn-out of $ 0.1 million and $0.2 million, respectively, with corresponding increases to other liabilities. As of December 31, 2019, the fair value of the earn-out was $9.7 million with $4.4 million in deferred revenue and other current liabilities and $5.3 million in other long-term liabilities. During the three and nine months ended September 30, 2019, RigNet recognized an increase in the fair value of the earn-out of none and $1.3 million, respectively. Additionally, during the three and nine months ended September 30, 2019, RigNet recognized accreted interest expense on the Intelie earn-out of $0.1 million and $0. 2 million, respectively, with corresponding increases to other liabilities. The contingent consideration for Cyphre, a cybersecurity company acquired in May 2017, is measured at fair value in each reporting period, based on level 3 inputs, with any change to the fair value recorded in the Condensed Consolidated Statements of Comprehensive Loss. As of September 30, 2020, the fair value of the contingent consideration was $3.0 million of which $0.3 million is in other current liabilities and $2.7 million is in other long-term liabilities. As of December 31, 2019, the fair value of the contingent consideration was $3.1 million, of which $0.3 million is in other current liabilities and $2.7 million is in other long-term liabilities. During the three and nine months ended September 30, 2020, RigNet recognized accreted interest expense on the Cyphre contingent consideration of $0.2 million and $0.3 million, respectively, with corresponding increases to other liabilities. During the three and nine months ended September 30, 2019, RigNet recognized accreted interest expense on the Cyphre contingent consideration of $0.1 million and $0.1 million respectively, with corresponding increases to other liabilities. During the three and nine months ended September 30, 2020, RigNet paid cash of $0.2 million and $0.3 million, respectively, in required royalty payments, with corresponding decreases to other liabilities. During the three and nine months ended September 30, 2019, RigNet paid cash of $0.1 million and $0.3 million, respectively, in required royalty payments, with corresponding decreases to other liabilities.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 7 – Income Taxes The Company’s effective income tax rate was (14.6%) and 0.4% for the three and nine months ended September 30, 2020. The Company’s effective income tax rate was 137.1% and (47.0%) for the three and nine months ended September 30, 2019. The Company’s effective tax rate is affected by factors including changes in valuation allowances, fluctuations in income across jurisdictions with varying tax rates, and changes in income tax reserves, including related penalties and interest. The Company has computed the provision for taxes for the current and comparative periods using the actual year-to-date effective tax rate. The Company’s financial projections for those periods did not provide the level of detail necessary to calculate a forecasted effective tax rate. The Company received notices informing us of audits of the Company’s 2016-2018 income tax returns in Malaysia, the 2010-2014 income tax returns in Qatar and the 2018 income tax return in Saudi Arabia. It is unclear if the audits and the appeals processes, if necessary, will be completed within the next twelve months. The Company is in the early stages of the audits and is unable to quantify any potential settlement or outcome of the audits at this time. The authorities closed the audit of the Company’s 2016-2017 income tax returns in Singapore with no additional assessments. The Company believes that it is reasonably possible that a decrease of up to $4.4 million in

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	Note 8 – Stock-Based Compensation During the nine months ended September 30, 2020, the Company granted a total of 1,906,328 shares of stock-based awards to certain directors, officers and employees of the Company under the Company’s 2019 Omnibus Incentive Plan (2019 Plan). Of these, the Company granted (i) 603,983 shares of common stock associated with the payment of the Company’s 2019 short term incentive plan to certain officers and employees, which were fully vested on issuance, (ii) 233,982 RSUs to outside directors that vest in 2021 and (iii) 1,068,363 performance share units (PSUs) to certain officers and employees that vest on the third anniversary of the grant date, are subject to continued employment and achievement of certain performance based targets. The fair value of shares of common stock and RSUs awarded pursuant to the 2019 Plan is determined based on the closing trading price of the Company’s common stock on the grant date of the award. Compensation expense is recognized on a straight-line basis over the requisite service period of the entire award, net of forfeitures. During the nine months ended September 30, 2020, the Company granted a total of 42,272 shares of stock-based awards to a newly-hired executive officer of the Company pursuant to an inducement award. These awards consisted of (i) 18,787 RSUs to such officer that vest over a three year period of continued employment, with 33% of the RSUs vesting on each of the first three anniversaries of the grant date and (ii) 23,485 that vest on the third anniversary of the grant date, are subject to continued employment and achievement of certain performance criteria. The fair value of the RSUs grants pursuant to the inducement award is determined based on the closing trading price of the Company’s common stock on the grant date of the award. Compensation expense is recognized on a straight-line basis over the requisite service period of the entire award, net of forfeitures In addition to the foregoing, the executive officer was also granted 10,299 of stock options with an exercise price of $ 6.20 . The options granted have a contractual term of seven years and vest over a three-year period of continued employment, with 33 % of the options vesting of each of the first three anniversaries of the grant date . The fair value of each stock option award is estimated on the grant date using a Black-Scholes option valuation model, which uses certain assumptions as of the date of grant. The assumptions used for the stock option grants made during the nine months ended September 30, 2020, were as follows: Nine Months Ended September 30, 2020 Expected volatility 51% Expected term (in years) 7 Risk-free interest rate 1.8% Dividend yield - Based on these assumptions, the weighted average grant date fair value of stock options granted during the nine months ended September 30, 2020 was $3.27 per option. During the nine months ended September 30, 2020, 40,245 RSUs, 18,811 PSUs and 24,905 stock options were forfeited. Stock-based compensation expense related to the Company’s stock-based compensation plans for the three and nine months ended September 30, 2020, was $0.5 million and $5.2 million respectively, and reported as a general and administrative expense in the Corporate segment. Stock-based compensation expense related to the Company’s stock-based compensation plans for the three and nine months ended September 30, 2019, was $1.5 million and $7.1 million, respectively. As of September 30, 2020, there was $8.3 million of total unrecognized compensation cost related to unvested options, RSUs and restricted stock expected to vest. This cost is expected to be recognized over a remaining weighted-average period of 2.0 years.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Note 9 – Earnings (loss) per Share Basic EPS are computed by dividing net loss attributable to RigNet common stockholders by the weighted average number of basic shares outstanding during the period. Basic shares equal the total of the common shares outstanding, but excludes the dilutive effect of common shares that could potentially be issued due to the exercise of stock options or vesting of restricted stock, RSUs or PSUs. Diluted EPS is computed by dividing loss attributable to RigNet common stockholders by the weighted average number of diluted shares outstanding during the period. Diluted shares equal the total of the basic shares outstanding and all potentially issuable shares, other than anti-dilutive shares, if any. The Company uses the treasury stock method to determine the dilutive effect. In periods when a net loss is reported, all common stock equivalents are excluded from the calculation because they would have an anti-dilutive effect if included, meaning the loss per share would be reduced. Therefore, in periods when a loss is reported, basic and dilutive loss per share are the same. The effect of stock-based awards was not included in the Company’s calculation of diluted EPS for . The effect of stock-based awards was not included in the Company’s calculation of diluted EPS for the three and nine months ended September 30, 2019, due to the net loss for the periods

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10 – Commitments and Contingencies Global Xpress (GX) Dispute Inmarsat plc (Inmarsat), a satellite telecommunications company , filed arbitration with the International Centre for Dispute Resolution tribunal (the panel) in October 2016 concerning a January 2014 take-or-pay agreement to purchase up to $ 65.0 million, under certain conditions, of GX capacity from Inmarsat over several years. In June 2019, the Company announced that it reached a settlement with Inmarsat that concluded the GX Dispute. Pursuant to the settlement the Company paid $45.0 million in June 2019, $5.0 million in July 2019 and the final $0.8 million in July 2020. The Company incurred credit of ($0.4) million Other Litigation The Company, in the ordinary course of business, is a claimant or a defendant in various legal proceedings, including proceedings as to which the Company has insurance coverage and those that may involve the filing of liens against the Company or its assets. Sales Tax Audit The Company is undergoing a routine sales tax audit from a state where the Company has operations. The audit can cover up to a four-year period. It is expected that the audit and the appeals process, if necessary, will be completed within the year. The Company does not believe that the outcome of the audit will result in a material impact to the consolidated financial statements. Operating Leases The Company’s leasing activities primarily consist of leases of real estate including office space under lease agreements expiring on various dates through 2030. For the three and nine months ended September 30, 2020, the Company recognized expense under operating leases, which approximates cash paid and includes short-term leases, of $0.5 million and $1.7 million, respectively. For the three and nine months ended September 30, 2019, the Company recognized expense under operating leases, which approximates cash paid and includes short-term leases, of $0.6 million and $1.9 million, respectively. As of September 30, 2020, future undiscounted minimum lease obligation maturities for the remainder of 2020 and future years were as follows (in thousands): 2020 $ 522 2021 1,686 2022 1,307 2023 1,264 2024 1,202 2025 854 Thereafter 2,168 Total lease payments $ 9,003 Less present value discount (1,416 ) Amounts recognized in Balance Sheet $ 7,587 Amounts recognized in Balance Sheet Deferred revenue and other current liabilities 1,823 Right-of-use lease liability - long-term portion 5,764 Total right-to-use lease liability $ 7,587 Operating lease right-of-use assets for leases were $6.2 million as of September 30, 2020. The right-of-use assets and liabilities for leases were discounted at a weighted-average discount rate of Commercial Commitments The Company enters into contracts for satellite bandwidth and other network services with certain providers. As of September 30, 2020, the Company had the following commercial commitments related to satellite and network services for the remainder of 2020 and the future years thereafter (in thousands): 2020 5,527 2021 13,626 2022 6,058 2023 323 $ 25,534

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Segment Information	Note 11 – Segment Information Segment information is prepared consistent with the components of the enterprise for which separate financial information is available and regularly evaluated by the chief operating decision-maker for the purpose of allocating resources and assessing performance. RigNet considers its business to consist of the following segments: • Managed Communications Services (MCS) . The MCS segment provides remote communications, telephony and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites. • Applications and Internet- of-Things (Apps & IoT). The Apps & IoT segment provides applications over-the-top of the network layer including SaaS offerings such as a real-time machine learning and AI data platform (Intelie Pipes and Intelie LIVE), Cyphre Encryption, ECS, edge computing solution services that assist customers with collecting and standardizing the complex data produced by edge devices (LIVE-IT), applications for safety and workforce productivity such as weather monitoring primarily in the North Sea (MetOcean) , and certain other value-added services such as AVI. This segment also includes the private machine-to-machine IoT data networks including SCADA provided primarily for pipelines. • Systems Integration (SI) . The SI segment provides design and implementation services for customer telecommunications systems. Solutions are delivered based on the customer’s specifications, adhering to international industry standards and best practices. Project services may include consulting, design, engineering, project management, procurement, testing, installation, commissioning and maintenance. Additionally, Systems Integration provides complete monitoring and maintenance for fire and gas detection systems and PLC/automation control systems. Corporate and Eliminations primarily represents unallocated executive and support activities, including back-office software development, interest expense, income taxes and eliminations , the GX Dispute and change in fair value of earn-out/contingent consideration The Company’s reportable segment information as of and for the three and nine months ended September 30, 2020 and 2019, is presented below. Three Months Ended September 30, 2020 Managed Communication Services Applications and Internet-of-Things Systems Integration Corporate and Eliminations Consolidated Total (in thousands) Revenue $ 31,939 $ 8,367 $ 8,416 $ - $ 48,722 Cost of revenue (excluding depreciation and amortization) 19,523 3,382 7,090 - 29,995 Depreciation and amortization 4,510 1,290 157 418 6,375 Impairment of intangible assets - 3,836 - - 3,836 Selling, general and administrative 2,454 1,332 374 7,397 11,557 Operating income (loss) $ 5,452 $ (1,473 ) $ 795 $ (7,815 ) $ (3,041 ) Capital expenditures 1,442 537 25 - 2,004 Three Months Ended September 30, 2019 Managed Communication Services Applications and Internet-of-Things Systems Integration Corporate and Eliminations Consolidated Total (in thousands) Revenue $ 42,055 $ 9,265 $ 9,673 $ - $ 60,993 Cost of revenue (excluding depreciation and amortization) 24,156 4,091 7,415 - 35,662 Depreciation and amortization 5,037 1,218 155 762 7,172 Selling, general and administrative 3,303 1,599 464 9,795 15,161 Operating income (loss) $ 9,559 $ 2,357 $ 1,639 $ (10,557 ) $ 2,998 Capital expenditures $ 4,818 $ 720 $ - $ 326 $ 5,864 Nine Months Ended September 30, 2020 Managed Communications Services Applications and Internet-of- Things Systems Integration Corporate and Eliminations Consolidated Total (in thousands) Revenue $ 105,971 $ 25,915 $ 28,988 $ - $ 160,874 Cost of revenue (excluding depreciation and amortization) 68,010 11,164 22,458 - 101,632 Depreciation and amortization 14,012 3,626 478 2,103 20,219 Impairment of goodwill and intangible assets 21,755 3,836 1,386 - 26,977 Change in fair value of earn- out/contingent consideration - - - 3,916 3,916 Selling, general and administrative 7,697 4,515 1,080 26,566 39,858 Operating income (loss) $ (5,503 ) $ 2,774 $ 3,586 $ (32,585 ) $ (31,728 ) Total assets $ 120,659 $ 30,674 $ 26,154 $ 21,995 $ 199,482 Capital expenditures 6,181 1,962 25 588 8,756 Nine Months Ended September 30, 2019 Managed Communications Services Applications and Internet-of- Things Systems Integration Corporate and Eliminations Consolidated Total (in thousands) Revenue $ 125,593 $ 25,285 $ 27,957 $ - $ 178,835 Cost of revenue (excluding depreciation and amortization) 76,160 12,975 19,502 - 108,637 Depreciation and amortization 16,360 3,675 1,456 2,272 23,763 Change in fair value of earn-out/contingent consideration - - - 1,284 1,284 Selling, general and administrative 10,446 2,999 2,158 37,231 52,834 Operating income (loss) $ 22,627 $ 5,636 $ 4,841 $ (40,787 ) $ (7,683 ) Total assets $ 154,268 $ 42,886 $ 26,782 $ 19,224 $ 243,160 Capital expenditures $ 15,143 $ 1,556 $ - $ 827 $ 17,526 The following table presents revenue earned from the Company’s domestic and international operations for the three and nine months ended September 30, 2020 and 2019. Revenue is based on the location where services are provided or goods are sold. Due to the mobile nature of RigNet’s customer base and the services provided, the Company works closely with its customers to ensure rig or vessel moves are monitored to ensure the location of service information is properly reflected. Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 (in thousands) Domestic $ 21,018 $ 27,360 $ 66,875 $ 80,868 International 27,704 33,633 93,999 97,967 Total $ 48,722 $ 60,993 $ 160,874 $ 178,835 The following table presents goodwill, right-of-use lease assets and long-lived assets, net of accumulated depreciation, for the Company’s domestic and international operations as of September 30, 2020 and December 31, 2019. September 30, December 31, 2020 2019 (in thousands) Domestic $ 60,041 $ 76,253 International 37,531 67,631 Total $ 97,572 $ 143,884

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Note 12 – Related Party Transactions The Company has a reseller arrangement with Darktrace, which is an artificial intelligence company in cybersecurity that is partially owned by KKR & CO. Inc. (KKR). KKR is a significant stockholder of the Company. Under the arrangement, the Company sells Darktrace’s cybersecurity audit services with the Company’s cybersecurity offerings. In the three and nine months ended September 30, 2020, the Company purchased $0.1 million and $0.1 million, respectively, from Darktrace in the ordinary course of business. In the three and nine months ended September 30, 2019, the Company purchased $0.1 million and $0.1 million, respectively, from Darktrace in the ordinary course of business. Vissim AS is now a vendor following a competitive request for a quote from RigNet in the ordinary course of business. A customer specified Vissim AS by name as a provider for an SI project. Vissim AS is 24% owned by AVANT Venture Capital AS, which is owned by and has as the chairman of its board one of our board members. In the three and nine months ended September 30, 2020, the Company purchased none and $0.1 million, respectively, from Vissim AS in the ordinary course of business. In the three and nine months ended September 30, 2019, the Company purchased $0.2 million and $0.8 million, respectively, from Vissim AS in the ordinary course of business.

Restructuring Costs - Cost Redu

Restructuring Costs - Cost Reduction Plans	9 Months Ended
	Sep. 30, 2020
Restructuring And Related Activities [Abstract]
Restructuring Costs - Cost Reduction Plans	Note 13 – Restructuring Costs – Cost Reduction Plans During the nine months ended September 30, 2019, the Company incurred a net pre-tax restructuring expense of $0.7 million reported as a general and administrative expense, of which $0.2 million was incurred in the three month months ended September 30, 2019 related to consolidating three separate legacy facilities into our new office in Lafayette, Louisiana and $0.5 million was incurred in the first quarter of 2019 associated with the reduction of 25 employees.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Revenue Recognition	Revenue Recognition – Revenue from Contracts with Customers Revenue is recognized to depict the transfer of promised goods or services in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. Revenue Recognition – Managed Communications Services (MCS) and Applications and Internet-of-Things (Apps & IoT) MCS and Apps & IoT customers are primarily served under fixed-price contracts, either on a monthly, usage or day rate basis or for equipment sales and consulting services. Contracts are generally in the form of Master Service Agreements, or MSAs, with specific services being provided under individual service orders. Offshore contracts generally have a term of up to five years with renewal options. Land-based contracts are generally shorter term or terminable on short notice without a penalty. Service orders are executed under the MSA for individual remote sites or groups of sites, and generally permit early termination on short notice without penalty in the event of force majeure, breach of the MSA or cold stacking of a drilling rig (when a rig is taken out of service and is expected to be idle for a protracted period of time). With certain customers, our contracts require that the contract backlog on stack rigs be transferred to other units, preserving the total contract value. Performance Obligations Satisfied Over Time — The delivery of service represents the single performance obligation under MCS and Apps & IoT contracts. Revenue for contracts is generally recognized over time as service is transferred to the customer and the Company expects to be entitled to the agreed monthly, usage or day rate in exchange for those services. Performance Obligations Satisfied at a Point in Time — The delivery of equipment represents the single performance obligation under equipment sale contracts. Revenue for equipment sales is generally recognized upon delivery of equipment to customers. Revenue Recognition – Systems Integration Revenues related to long-term, fixed-price Systems Integration contracts for customized network solutions are recognized based on the cost to cost (formerly known as percentage of completion) for the contract. At any point, RigNet has numerous contracts in progress, all of which are at various stages of completion. Accounting for revenues and profits on long-term contracts requires estimates of total estimated contract costs and estimates of progress toward completion to determine the extent of revenue and profit recognition. Performance Obligations Satisfied Over Time — The delivery of a Systems Integration solution represents the single performance obligation under Systems Integration contracts. Progress towards completion on fixed-price contracts is measured based on the ratio of costs incurred to total estimated contract costs (the cost-to-cost method). These estimates may be revised as additional information becomes available or as specific project circumstances change. The Company reviews all material contracts on a monthly basis and revises the estimates as appropriate for developments such as providing services, purchasing third-party materials and equipment at costs differing from those previously estimated, and incurring or expecting to incur schedule issues. Changes in estimated final contract revenues and costs can either increase or decrease the final estimated contract profit or loss. Profits are recorded in the period in which a change in estimate is recognized, based on the progress achieved through the period of change. Anticipated losses on contracts are recorded in full in the period in which they become evident. Revenue recognized in excess of amounts billed is classified as a current asset under Costs and estimated earnings in excess of billings on uncompleted contracts (CIEB). Systems Integration contracts are billed in accordance with the terms of the contract which are typically either based on milestones or specified time intervals. As of September 30, 2020, and December 31, 2019, the amount of CIEB related to Systems Integration projects was $14.4 million and $13.3 million, respectively. Under long-term contracts, amounts recorded in CIEB may not be realized or paid within a one-year period. As of September 30, 2020 and December 31, 2019, $0.6 million and $1.0 million, respectively, of amounts billed to customers in excess of revenue recognized to date were classified as a current liability, under deferred revenue and other current liabilities. Variable Consideration – Systems Integration - The Company records revenue on contracts relating to certain probable claims and unapproved change orders by including in revenue an amount less than or equal to the amount of costs incurred to date relating to these probable claims and unapproved change orders, thus recognizing no profit until such time as claims are finalized or change orders are approved. The amount of unapproved change orders and claim revenues is included in the Company’s Condensed Consolidated Balance Sheets as part of CIEB. No material unapproved change orders or claims revenue were included in CIEB as of September 30, 2020, and December 31, 2019 . As new facts become known, an adjustment to the estimated recovery is made and reflected in the current period. Backlog - As of September 30, 2020, we have a backlog for our cost to cost projects of $12.4 million, which will be recognized over the remaining contract term for each contract. The cost to cost contract terms are typically one to three years. As of December 31, 2019, we had a backlog for our cost to cost projects of $26.2 million.
Leases	Leases Effective with adoption of Accounting Standards Update No. 2016-02 (ASU 2016-02), Leases (the new lease standard) on January 1, 2019, we now determine if an arrangement is a lease at inception. Operating leases right-of-use assets and liabilities are included in right-to-use lease asset, deferred revenue and other current liabilities, and right-to-use lease liability – long-term portion on our condensed consolidated balance sheets. Finance leases are included in property, plant and equipment; current maturities of long-term debt; and long-term debt on our condensed consolidated balance sheets. Operating lease right-to-use assets and liabilities are recognized based on the present value of the future minimum lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In June 2016, the FASB issued Accounting Standards Update No. 2016-13 (ASU 2016-13), which measures credit losses on most financial assets and certain other instruments that are not measured at fair value through net income. The update amends the impairment model to utilize a current expected credit loss (CECL) methodology in place of the incurred loss methodology for financial instruments, including trade receivables. The amendment requires entities to consider a broader range of information to estimate expected credit losses, which may result in earlier recognition of losses. Companies applied this standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The new standard is effective for interim and annual reporting periods beginning Company adopted the guidance effective January 1, 2020, and the guidance did not have a material impact on the Company’s condensed consolidated financial statements. In January 2017, the FASB issues ASU No. 2017-04 (ASU 2017-04), which removes the requirement to compare the implied fair value of the goodwill with its carrying amount as part of step two of the goodwill impairment test. Under ASU 2017-04, an entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The ASU is effective for impairments tests in annual and interim reporting periods beginning after December 15, 2019. The Company adopted the guidance effective January 1, 2020, and the guidance did not have a material impact on the Company’s condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13 (ASU 2018-13), which eliminates disclosures, modifies existing disclosures and adds new Fair Value disclosure requirements to Topic 820 for the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The ASU is effective for annual and interim reporting periods beginning after December 15, 2019. In August 2018, the FASB issued ASU No. 2018-15 (ASU 2018-15), which provides guidance on implementation costs incurred in a cloud computing arrangement that is a service contract. The ASU is effective for annual and interim reporting periods beginning after December 15, 2019. The Company adopted the guidance effective January 1, 2020, and the guidance did not have a material impact on the Company’s condensed consolidated financial statements. In December 2019, the FASB issued Accounting Standards Update No. 2019-12 (ASU 2019-12), Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU removes certain exceptions for investments, intraperiod allocations and interim tax calculations and adds guidance to reduce complexity in accounting for income taxes. We will be required to adopt the amended guidance in annual and interim periods beginning after December 15, 2020, with early adoption permitted. The various amendments in Update 2019-12 are applied on a retrospective basis, modified retrospective basis and prospective basis, depending on the amendment. We are in the process of evaluating the impact this amendment will have on our consolidated financial statements. In March 2020, the FASB issued Accounting Standards Update No. 2020-04 (ASU 2020-04), Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides optional guidance for a limited period of time to ease the potential burden in accounting or recognizing the effects of the LIBOR or another reference rate reform on financing rate. The amendments are effective through December 31, 2022. We are currently in the process of evaluating the impact of the transition from LIBOR to alternative reference rates, but we do not expect a material impact on our consolidated financial statements.

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	9 Months Ended
	Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization Expense for Intangibles	The following table sets forth expected amortization expense of intangibles for the remainder of 2020 and the following years (in thousands): 2020 1,336 2021 5,181 2022 4,772 2023 4,173 2024 3,277 2025 861 Thereafter 792 $ 20,392

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Credit Facilities and Long-Term Debt Arrangements	As of September 30, 2020, and December 31, 2019, the following credit facilities and long-term debt arrangements with financial institutions were in place: September 30, December 31, 2020 2019 (in thousands) Term Loan $ 12,000 $ 5,000 Term-Out Loan - 25,500 Revolving credit facility (RCF) 88,700 77,150 Vendor Finance Arrangement 2,328 - Paycheck Protection Program Loan 6,298 - Unamortized deferred financing costs (667 ) (466 ) Finance lease 418 543 109,077 107,727 Less: Current maturities of long-term debt (7,640 ) (10,627 ) Current maturities of Vendor Finance Arrangement (1,030 ) - Current maturities of finance lease (166 ) (166 ) $ 100,241 $ 96,934
Aggregate Principal Maturities of Long-Term Debt	The following table sets forth the aggregate principal maturities of long-term debt, net of deferred financing cost amortization, for the remainder of 2020 and the following years (in thousands): 2020 2,179 2021 8,731 2022 97,862 2023 306 Total debt, including current maturities $ 109,077

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Assumptions Used for Stock Option Grants	The assumptions used for the stock option grants made during the nine months ended September 30, 2020, were as follows: Nine Months Ended September 30, 2020 Expected volatility 51% Expected term (in years) 7 Risk-free interest rate 1.8% Dividend yield -

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Future Minimum Lease Obligations	As of September 30, 2020, future undiscounted minimum lease obligation maturities for the remainder of 2020 and future years were as follows (in thousands): 2020 $ 522 2021 1,686 2022 1,307 2023 1,264 2024 1,202 2025 854 Thereafter 2,168 Total lease payments $ 9,003 Less present value discount (1,416 ) Amounts recognized in Balance Sheet $ 7,587 Amounts recognized in Balance Sheet Deferred revenue and other current liabilities 1,823 Right-of-use lease liability - long-term portion 5,764 Total right-to-use lease liability $ 7,587
Commercial Commitments Related to Satellite and Network Services	As of September 30, 2020, the Company had the following commercial commitments related to satellite and network services for the remainder of 2020 and the future years thereafter (in thousands): 2020 5,527 2021 13,626 2022 6,058 2023 323 $ 25,534

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Company's Business Segment Information	The Company’s reportable segment information as of and for the three and nine months ended September 30, 2020 and 2019, is presented below. Three Months Ended September 30, 2020 Managed Communication Services Applications and Internet-of-Things Systems Integration Corporate and Eliminations Consolidated Total (in thousands) Revenue $ 31,939 $ 8,367 $ 8,416 $ - $ 48,722 Cost of revenue (excluding depreciation and amortization) 19,523 3,382 7,090 - 29,995 Depreciation and amortization 4,510 1,290 157 418 6,375 Impairment of intangible assets - 3,836 - - 3,836 Selling, general and administrative 2,454 1,332 374 7,397 11,557 Operating income (loss) $ 5,452 $ (1,473 ) $ 795 $ (7,815 ) $ (3,041 ) Capital expenditures 1,442 537 25 - 2,004 Three Months Ended September 30, 2019 Managed Communication Services Applications and Internet-of-Things Systems Integration Corporate and Eliminations Consolidated Total (in thousands) Revenue $ 42,055 $ 9,265 $ 9,673 $ - $ 60,993 Cost of revenue (excluding depreciation and amortization) 24,156 4,091 7,415 - 35,662 Depreciation and amortization 5,037 1,218 155 762 7,172 Selling, general and administrative 3,303 1,599 464 9,795 15,161 Operating income (loss) $ 9,559 $ 2,357 $ 1,639 $ (10,557 ) $ 2,998 Capital expenditures $ 4,818 $ 720 $ - $ 326 $ 5,864 Nine Months Ended September 30, 2020 Managed Communications Services Applications and Internet-of- Things Systems Integration Corporate and Eliminations Consolidated Total (in thousands) Revenue $ 105,971 $ 25,915 $ 28,988 $ - $ 160,874 Cost of revenue (excluding depreciation and amortization) 68,010 11,164 22,458 - 101,632 Depreciation and amortization 14,012 3,626 478 2,103 20,219 Impairment of goodwill and intangible assets 21,755 3,836 1,386 - 26,977 Change in fair value of earn- out/contingent consideration - - - 3,916 3,916 Selling, general and administrative 7,697 4,515 1,080 26,566 39,858 Operating income (loss) $ (5,503 ) $ 2,774 $ 3,586 $ (32,585 ) $ (31,728 ) Total assets $ 120,659 $ 30,674 $ 26,154 $ 21,995 $ 199,482 Capital expenditures 6,181 1,962 25 588 8,756 Nine Months Ended September 30, 2019 Managed Communications Services Applications and Internet-of- Things Systems Integration Corporate and Eliminations Consolidated Total (in thousands) Revenue $ 125,593 $ 25,285 $ 27,957 $ - $ 178,835 Cost of revenue (excluding depreciation and amortization) 76,160 12,975 19,502 - 108,637 Depreciation and amortization 16,360 3,675 1,456 2,272 23,763 Change in fair value of earn-out/contingent consideration - - - 1,284 1,284 Selling, general and administrative 10,446 2,999 2,158 37,231 52,834 Operating income (loss) $ 22,627 $ 5,636 $ 4,841 $ (40,787 ) $ (7,683 ) Total assets $ 154,268 $ 42,886 $ 26,782 $ 19,224 $ 243,160 Capital expenditures $ 15,143 $ 1,556 $ - $ 827 $ 17,526
Revenue Earned from Domestic and International Operations	The following table presents revenue earned from the Company’s domestic and international operations for the three and nine months ended September 30, 2020 and 2019. Revenue is based on the location where services are provided or goods are sold. Due to the mobile nature of RigNet’s customer base and the services provided, the Company works closely with its customers to ensure rig or vessel moves are monitored to ensure the location of service information is properly reflected. Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 (in thousands) Domestic $ 21,018 $ 27,360 $ 66,875 $ 80,868 International 27,704 33,633 93,999 97,967 Total $ 48,722 $ 60,993 $ 160,874 $ 178,835
Long - Lived Assets, Net of Accumulated Depreciation for Both Domestic and International Operations	The following table presents goodwill, right-of-use lease assets and long-lived assets, net of accumulated depreciation, for the Company’s domestic and international operations as of September 30, 2020 and December 31, 2019. September 30, December 31, 2020 2019 (in thousands) Domestic $ 60,041 $ 76,253 International 37,531 67,631 Total $ 97,572 $ 143,884

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Revenue recognized from customers	$ 0.6	$ 1
Systems Integration Projects [Member]
Costs and estimated earnings	14.4	13.3
Backlog from revenue contract	$ 12.4	$ 26.2
Systems Integration Projects [Member] | Maximum [Member]
Remaining contract term	1 year
Systems Integration Projects [Member] | Minimum [Member]
Remaining contract term	3 years

Business and Credit Concentra_2

Business and Credit Concentrations - Additional Information (Detail) - Sales Revenue, Net [Member]	9 Months Ended
	Sep. 30, 2020Customer
Business Combination, Separately Recognized Transactions [Line Items]
Percentage of revenue generated from top five customers	30.10%
Number of significant customers	0
Royal Dutch [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Maximum percentage of revenue generated from single customer	10.00%

Goodwill and Intangibles - Addi

Goodwill and Intangibles - Additional Information (Detail)	3 Months Ended			9 Months Ended
	Sep. 30, 2020USD ($)	Mar. 31, 2020USD ($)ReportingUnit	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Jul. 31, 2020	Dec. 31, 2019USD ($)
Goodwill And Intangible Assets Impairment [Line Items]
Reporting units | ReportingUnit		2
Impairment of goodwill		$ 23,100,000
Goodwill	$ 19,982,000			$ 19,982,000			$ 46,792,000
Impairment of intangibles				3,800
Intangibles, net	20,392,000			20,392,000			$ 30,145,000
Amortization expense	1,500,000		$ 2,000,000	$ 5,500,000	$ 6,900,000
Minimum [Member]
Goodwill And Intangible Assets Impairment [Line Items]
Intangible assets useful life				5 years
Maximum [Member]
Goodwill And Intangible Assets Impairment [Line Items]
Intangible assets useful life				20 years
Managed Communication Services [Member]
Goodwill And Intangible Assets Impairment [Line Items]
Goodwill	21,800,000			$ 21,800,000
Applications and Internet-of-Things [Member]
Goodwill And Intangible Assets Impairment [Line Items]
Goodwill	20,000,000			20,000,000
Applications and Internet-of-Things [Member] | Goodwill [Member]
Goodwill And Intangible Assets Impairment [Line Items]
Percentage of fair value of goodwill in excess of carrying amount						100.00%
Systems Integration [Member]
Goodwill And Intangible Assets Impairment [Line Items]
Goodwill	$ 1,400,000			$ 1,400,000

Goodwill and Intangibles - Amor

Goodwill and Intangibles - Amortization Expense for Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
2020	$ 1,336
2021	5,181
2022	4,772
2023	4,173
2024	3,277
2025	861
Thereafter	792
Total amortization expense of intangibles	$ 20,392	$ 30,145

Restricted Cash - Additional In

Restricted Cash - Additional Information (Detail) - USD ($)	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
Restricted cash, current	$ 1,500,000	$ 42,000	$ 39,000
Restricted cash, non-current		1,522,000	$ 1,522,000
Current assets [Member]
Restricted cash, current	1,500,000	100,000
Long-term assets [Member]
Restricted cash, non-current	$ 0	$ 1,500,000

Long-Term Debt - Credit Facilit

Long-Term Debt - Credit Facilities and Long-Term Debt Arrangements (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
Term Loan	$ 12,000	$ 5,000
Term-Out Loan		25,500
Revolving credit facility (RCF)	88,700	77,150
Vendor Finance Arrangement	2,328
Paycheck Protection Program Loan	6,298
Unamortized deferred financing costs	(667)	(466)
Finance lease	418	543
Total debt, including current maturities	109,077	107,727
Less: Current maturities of long-term debt	(7,640)	(10,627)
Current maturities of Vendor Finance Arrangement	(1,030)
Current maturities of finance lease	(166)	(166)
Long-term debt, non current portion	$ 100,241	$ 96,934

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) $ in Thousands	Feb. 21, 2020USD ($)Institution	May 31, 2020USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Sep. 30, 2019	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2016USD ($)
Debt Instrument [Line Items]
Number of participating financial institutions | Institution	4
Line of credit outstanding amount			$ 88,700			$ 88,700		$ 77,150
Maturity of Term Loan / Maturity date						Jan. 31, 2023
Debt Instrument, Description of Variable Rate Basis			LIBOR
Supplementary leverage ratio			0.0297			0.0297
Weighted average interest rate						6.00%
Fixed Charge Coverage Ratio			2.13%			2.13%
Vendor finance agreement , outstanding amount			$ 2,300			$ 2,300
Quartely payments						300
Proceeds from borrowings						15,550	$ 48,500
Performance bonds outstanding amount			4,300			4,300
Surety Bonds And Similar Instruments Outstanding			2,000			$ 2,000
Performance bond facility									$ 1,500
Maturity date of performance bond facility						Jun. 30, 2021
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit outstanding amount			$ 88,700			$ 88,700
Revolving credit facility	$ 100,000
Amendment Credit Agreement [Member] | Term Out Loan [Member]
Debt Instrument [Line Items]
Maturity of Term Loan / Maturity date	Aug. 31, 2022
Credit Agreement [Member]
Debt Instrument [Line Items]
Fixed Charge Coverage Ratio			1.25%			1.25%
Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Weighted average interest rate			3.60%		5.30%	4.00%	5.30%
Interest rate			3.40%			3.40%
Credit Agreement [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Supplementary leverage ratio	0.0175
Credit Agreement [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Supplementary leverage ratio	0.0325
Third Quarter 2020 [Member]
Debt Instrument [Line Items]
Funded debt to Adjusted EBITDA ratio			3.25%			3.25%
Second Quarter 2021 [Member]
Debt Instrument [Line Items]
Funded debt to Adjusted EBITDA ratio			3.00%			3.00%
Remaining Quarter [Member]
Debt Instrument [Line Items]
Funded debt to Adjusted EBITDA ratio			2.75%			2.75%
Paycheck Protection Program Loan | Bank of America, N.A [Member]
Debt Instrument [Line Items]
Proceeds from borrowings		$ 6,300
Borrowing capacity description		(i) the proceeds are used in the Cover Period, as defined in the application for loan forgiveness, after the funding of the loan, (ii) at least 60% of the forgiven amount is used for eligible payroll costs and (iii) the remaining proceeds are used for interest on mortgages, rents, or utilities, and interest on other debt obligations incurred before February 15, 2020.
Debt repayment term		2 years
Accrued interest		1.00%
Forgiveness of loan		$ 2,000
Paycheck Protection Program Loan | Minimum [Member] | Bank of America, N.A [Member]
Debt Instrument [Line Items]
Loan forgiveness, percentage		60.00%
Term Loan [Member]
Debt Instrument [Line Items]
Line of credit outstanding amount			$ 12,000			$ 12,000
Maturity of Term Loan / Maturity date						Mar. 31, 2022
Debt Instrument, Periodic Payment, Principal				$ 2,000
Term Loan [Member] | Amendment Credit Agreement [Member]
Debt Instrument [Line Items]
Line of credit outstanding amount	$ 16,000
Accordion Feature [Member] | Amendment Credit Agreement [Member]
Debt Instrument [Line Items]
Line of credit outstanding amount	$ 30,000

Long-Term Debt - Aggregate Prin

Long-Term Debt - Aggregate Principal Maturities of Long-Term Debt (Detail) $ in Thousands	Sep. 30, 2020USD ($)
Debt Disclosure [Abstract]
2020	$ 2,179
2021	8,731
2022	97,862
2023	306
Total debt, including current maturities	$ 109,077

Fair Value Disclosure - Additio

Fair Value Disclosure - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	May 31, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items]
Change in fair value of earn-out/contingent consideration				$ 3,916	$ 1,284
Royalty payments			$ 100		300
Intelie Solucoes Em Informatica S A [Member]
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items]
Contingent consideration earn-out, estimated payment		$ 13,700		13,700		$ 9,700
Maximum remaining earn-out consideration		13,900
Business combination, contingent consideration, liability, current		13,700		13,700		4,400
Business combination, contingent consideration, liability, noncurrent		5,300		5,300		5,300
Change in fair value of earn-out/contingent consideration		0	0	3,900	1,300
Number of Stock Issued For Acquisition	208,356
Stock issued for acquisition	$ 3,000
Intelie Solucoes Em Informatica S A [Member] | Interest Expense [Member]
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items]
Change in fair value of earn-out/contingent consideration		100	100	200	200
Cyphre Security Solutions [Member]
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items]
Contingent consideration earn-out, estimated payment		3,000		3,000		3,100
Business combination, contingent consideration, liability, current		300		300		300
Business combination, contingent consideration, liability, noncurrent		2,700		2,700		$ 2,700
Royalty payments		200		300
Cyphre Security Solutions [Member] | Interest Expense [Member]
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items]
Accreted interest expense on earn-out liability		$ 200	$ 100	$ 300	$ 100

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Effective income tax rate	14.60%	137.10%	0.40%	47.00%
Reductions related to lapses in statue of limitations			$ 4.4

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average grant date fair value of stock options granted			$ 3.27
Stock options, forfeited			24,905
Stock-based compensation	$ 500	$ 1,500	$ 5,188	$ 7,132
Total unrecognized compensation cost	$ 8,300		$ 8,300
Performance Share Units (PSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units, forfeited			18,811
Restricted Stock Units RSUs [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units, forfeited			40,245
2019 Omnibus Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted common stock granted, net of share repurchase from employees and share cancellations, shares			1,906,328
2019 Omnibus Incentive Plan [Member] | Vest Over a Three Year Period of Continued Employment [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issuance of common stock upon the vesting of Restricted Stock Units, net of share cancellations, shares			603,983
2019 Omnibus Incentive Plan [Member] | Vest Over a Three Year Period of Continued Employment [Member] | Certain Officers and Employees [Member] | Performance Share Units (PSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock units granted			1,068,363
2019 Omnibus Incentive Plan [Member] | Vesting Twenty Twenty One [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issuance of common stock upon the vesting of Restricted Stock Units, net of share cancellations, shares			233,982
Inducement Grant Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted common stock granted, net of share repurchase from employees and share cancellations, shares			42,272
Inducement Grant Plan [Member] | Certain Officers and Employees [Member] | Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options granted			10,299
Exercise price			$ 6.20
Contractual term			7 years
Period of employment			3 years
Inducement Grant Plan [Member] | Vest Over a Three Year Period of Continued Employment [Member] | Certain Officers and Employees [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issuance of common stock upon the vesting of Restricted Stock Units, net of share cancellations, shares			18,787
Vesting period for restricted stock			3 years
Vesting percentage for restricted shares issued to officers and employees			33.00%
Inducement Grant Plan [Member] | Vest Over a Three Year Period of Continued Employment [Member] | Certain Officers and Employees [Member] | Performance Share Units (PSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock units granted			23,485
Inducement Grant Plan [Member] | Vest Over a Three Year Period of Continued Employment [Member] | Certain Officers and Employees [Member] | Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage for restricted shares issued to officers and employees			33.00%
2006 Long Term Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted-average period			2 years

Stock-Based Compensation - Assu

Stock-Based Compensation - Assumptions Used for Stock Option Grants (Detail)	9 Months Ended
	Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Expected volatility	51.00%
Expected term (in years)	7 years
Risk-free interest rate	1.80%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended			3 Months Ended		9 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jun. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Commitments And Contingencies [Line Items]
Recognized expense under operating leases				$ 0.5	$ 0.6	$ 1.7	$ 1.9
Operating lease right-of-use assets				$ 6.2		$ 6.2
Operating lease,weighted-average discount rate				5.00%		5.00%
Weighted-average remaining lease term				6 years 8 months 12 days		6 years 8 months 12 days
GX Dispute [Member]
Commitments And Contingencies [Line Items]
Long term purchase commitment amount, maximum						$ 65
Damages Paid	$ 0.8		$ 45
Legal expenses		$ 5					$ 3.9
Legal fees reimbursements					$ (0.4)

Commitments and Contingencies_2

Commitments and Contingencies - Future Minimum Lease Obligations (Detail) $ in Thousands	Sep. 30, 2020USD ($)
Operating Leases Future Minimum Payments Due [Abstract]
2020	$ 522
2021	1,686
2022	1,307
2023	1,264
2024	1,202
2025	854
Thereafter	2,168
Total lease payments	9,003
Less present value discount	(1,416)
Amounts recognized in Balance Sheet	7,587
Amounts recognized in Balance Sheet
Deferred revenue and other current liabilities	1,823
Right-of-use lease liability - long-term portion	5,764
Total right-to-use lease liability	$ 7,587

Commitments and Contingencies_3

Commitments and Contingencies - Commercial Commitments Related to Satellite and Network Services (Detail) $ in Thousands	Sep. 30, 2020USD ($)
Commitments And Contingencies Disclosure [Abstract]
2020	$ 5,527
2021	13,626
2022	6,058
2023	323
Other Commitment total	$ 25,534

Segment Information - Company's

Segment Information - Company's Business Segment Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Revenue	$ 48,722	$ 60,993	$ 160,874	$ 178,835
Cost of revenue (excluding depreciation and amortization)	29,995	35,662	101,632	108,637
Depreciation and amortization	6,375	7,172	20,219	23,763
Impairment of goodwill and intangible assets	3,836		26,977
Change in fair value of earn-out/contingent consideration			3,916	1,284
Selling, general and administrative	11,557	15,161	39,858	52,834
Operating income (loss)	(3,041)	2,998	(31,728)	(7,683)
Total assets	199,482	243,160	199,482	243,160	$ 250,980
Capital expenditures	2,004	5,864	8,756	17,526
Reportable Segments [Member] | Managed Communication Services [Member]
Segment Reporting Information [Line Items]
Revenue	31,939	42,055	105,971	125,593
Cost of revenue (excluding depreciation and amortization)	19,523	24,156	68,010	76,160
Depreciation and amortization	4,510	5,037	14,012	16,360
Impairment of goodwill and intangible assets			21,755
Selling, general and administrative	2,454	3,303	7,697	10,446
Operating income (loss)	5,452	9,559	(5,503)	22,627
Total assets	120,659	154,268	120,659	154,268
Capital expenditures	1,442	4,818	6,181	15,143
Reportable Segments [Member] | Applications and Internet-of-Things [Member]
Segment Reporting Information [Line Items]
Revenue	8,367	9,265	25,915	25,285
Cost of revenue (excluding depreciation and amortization)	3,382	4,091	11,164	12,975
Depreciation and amortization	1,290	1,218	3,626	3,675
Impairment of goodwill and intangible assets	3,836		3,836
Selling, general and administrative	1,332	1,599	4,515	2,999
Operating income (loss)	(1,473)	2,357	2,774	5,636
Total assets	30,674	42,886	30,674	42,886
Capital expenditures	537	720	1,962	1,556
Reportable Segments [Member] | Systems Integration [Member]
Segment Reporting Information [Line Items]
Revenue	8,416	9,673	28,988	27,957
Cost of revenue (excluding depreciation and amortization)	7,090	7,415	22,458	19,502
Depreciation and amortization	157	155	478	1,456
Impairment of goodwill and intangible assets			1,386
Selling, general and administrative	374	464	1,080	2,158
Operating income (loss)	795	1,639	3,586	4,841
Total assets	26,154	26,782	26,154	26,782
Capital expenditures	25		25
Corporate and Eliminations [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	418	762	2,103	2,272
Change in fair value of earn-out/contingent consideration			3,916	1,284
Selling, general and administrative	7,397	9,795	26,566	37,231
Operating income (loss)	(7,815)	(10,557)	(32,585)	(40,787)
Total assets	$ 21,995	19,224	21,995	19,224
Capital expenditures		$ 326	$ 588	$ 827

Segment Information - Revenue E

Segment Information - Revenue Earned from Domestic and International Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues From External Customers And Long Lived Assets [Line Items]
Revenue	$ 48,722	$ 60,993	$ 160,874	$ 178,835
Domestic [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenue	21,018	27,360	66,875	80,868
International [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenue	$ 27,704	$ 33,633	$ 93,999	$ 97,967

Segment Information - Long - Li

Segment Information - Long - Lived Assets, Net of Accumulated Depreciation for Both Domestic and International Operations (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Revenues From External Customers And Long Lived Assets [Line Items]
Long lived assets	$ 97,572	$ 143,884
Domestic [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Long lived assets	60,041	76,253
International [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Long lived assets	$ 37,531	$ 67,631

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Related Party Transaction [Line Items]
Purchases from related party	$ 100,000	$ 100,000	$ 100,000	$ 100,000
Avant Venture Capital AS [Member]
Related Party Transaction [Line Items]
Purchases from related party	$ 0	$ 200,000	$ 100,000	$ 800,000
Equity method investment, Ownership percentage	24.00%		24.00%

Restructuring Costs - Cost Re_2

Restructuring Costs - Cost Reduction Plans - Additional Information (Detail) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Mar. 31, 2019USD ($)Employee	Sep. 30, 2019USD ($)
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges, pre-tax		$ 0.5
Number of employees lay off | Employee		25
General and Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges, pre-tax	$ 0.2		$ 0.7