Iridium Communications (IRDM) 10-Q 20 Oct 22 2022 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - $ / shares	9 Months Ended
	Sep. 30, 2022	Oct. 13, 2022	Dec. 31, 2021
Document Information [Line Items]
Entity Registrant Name	Iridium Communications Inc.
Entity Central Index Key	0001418819
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Trading Symbol	IRDM
Entity Current Reporting Status	Yes
Document Quarterly Report	true
Document Type	10-Q
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Entity Address, Address Line One	1750 Tysons Boulevard
Entity Address, City or Town	McLean
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22102
Document Transition Report	false
City Area Code	703
Local Phone Number	703-287-7400
Entity File Number	001-33963
Entity Incorporation, State or Country Code	DE
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, $0.001 par value
Common Stock, Par or Stated Value Per Share	$ 0.001		$ 0.001
Entity Common Stock, Shares Outstanding (in shares)		125,642,535
Entity Tax Identification Number	26-1344998
NASDAQ/NGS (GLOBAL SELECT MARKET) [Member]
Document Information [Line Items]
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 218,762	$ 320,913
Accounts receivable, net	86,847	63,410
Inventory	39,222	29,044
Prepaid expenses and other current assets	13,395	11,043
Total current assets	358,226	424,410
Property and equipment, net	2,480,296	2,662,336
Other assets	181,235	50,050
Intangible assets, net	42,835	43,999
Total assets	3,062,592	3,180,795
Current liabilities:
Short-term secured debt	16,500	16,500
Accounts payable	28,448	16,196
Accrued expenses and other current liabilities	46,066	48,122
Deferred revenue	35,822	28,018
Total current liabilities	126,836	108,836
Long-term secured debt, net	1,572,526	1,581,516
Deferred income tax liabilities, net	154,196	134,279
Deferred revenue, net of current portion	46,605	48,070
Other long-term liabilities	17,332	20,147
Total liabilities	1,917,495	1,892,848
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.001 par value, 300,000 shares authorized, 125,759 and 131,342 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	126	131
Additional paid-in capital	1,125,700	1,154,058
Retained earnings (accumulated deficit)	(37,763)	140,810
Accumulated other comprehensive income (loss), net of tax	57,034	(7,052)
Total stockholders’ equity	1,145,097	1,287,947
Total liabilities and stockholders’ equity	$ 3,062,592	$ 3,180,795

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	125,759,000	131,342,000
Common stock, shares outstanding (in shares)	125,759,000	131,342,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue:
Total revenue	$ 184,060	$ 162,159	$ 527,198	$ 458,613
Operating expenses:
Research and development	4,865	2,815	10,470	8,156
Selling, general and administrative	32,140	25,897	86,905	72,524
Depreciation and amortization	76,397	77,688	227,739	229,266
Total operating expenses	166,186	147,130	469,292	422,973
Operating income	17,874	15,029	57,906	35,640
Other expense, net:
Interest expense, net	(17,632)	(17,614)	(46,989)	(58,013)
Loss on extinguishment of debt	0	(879)	0	(879)
Other expense, net	(146)	(81)	(374)	(225)
Total other expense, net	(17,778)	(18,574)	(47,363)	(59,117)
Income (loss) before income taxes	96	(3,545)	10,543	(23,477)
Income tax benefit (expense)	2,053	1,460	(1,013)	20,042
Net income (loss)	$ 2,149	$ (2,085)	$ 9,530	$ (3,435)
Weighted Average Number of Shares Outstanding, Basic	127,697	132,869	128,800	133,763
Weighted Average Number of Shares Outstanding, Diluted	129,075	132,869	130,284	133,763
Earnings Per Share, Basic and Diluted	$ 0.02	$ (0.02)	$ 0.07	$ (0.03)
Comprehensive income:
Net income (loss)	$ 2,149	$ (2,085)	$ 9,530	$ (3,435)
Foreign currency translation adjustments	(366)	(592)	115	(171)
Unrealized Gain on Cash Flow Hedging, net of tax	25,537	3,040	63,971	7,122
Comprehensive income	$ 27,320	$ 363	$ 73,616	$ 3,516
Earnings Per Share, Diluted	$ 0.04	$ 0.03	$ 0.06	$ (0.01)
Services
Revenue:
Total revenue	$ 138,977	$ 127,774	$ 397,947	$ 365,247
Operating expenses:
Cost of Goods and Services Sold	34,378	25,186	83,796	71,784
Subscriber equipment
Revenue:
Total revenue	27,959	26,898	95,462	72,607
Operating expenses:
Cost of Goods and Services Sold	18,406	15,544	60,382	41,243
Engineering and support services
Revenue:
Total revenue	$ 17,124	$ 7,487	$ 33,789	$ 20,759

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity Statement - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock, Shares [Member]	Common Stock, Amount	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]
Beginning Balance (in shares) at Dec. 31, 2020		134,056
Beginning Balance at Dec. 31, 2020	$ 1,419,439		$ 134	$ 1,160,570	$ (17,180)	$ 275,915
Stock-based compensation	22,129			22,129
Stock options exercised and awards vested (in shares)		1,626
Stock options exercised and awards vested	7,193		1	7,192
Stock withheld to cover employee taxes (in shares)		(131)
Stock withheld to cover employee taxes	(5,390)			(5,390)
Repurchases and retirements of common stock (in shares)		(3,363)
Repurchases and retirements of common stock	(125,106)		(3)	(29,087)		(96,016)
Cumulative translation adjustment	(171)				(171)
Unrealized Gain on Cash Flow Hedging, net of tax	7,122				7,122
Net income (loss)	(3,435)					(3,435)
Ending Balance (in shares) at Sep. 30, 2021		132,188
Ending Balance at Sep. 30, 2021	1,321,781		132	1,155,414	(10,229)	176,464
Beginning Balance (in shares) at Jun. 30, 2021		131,928
Beginning Balance at Jun. 30, 2021	1,314,178		132	1,146,160	(12,677)	180,563
Stock-based compensation	8,150			8,150
Stock options exercised and awards vested (in shares)		348
Stock options exercised and awards vested	2,378		0	2,378
Stock withheld to cover employee taxes (in shares)		(16)
Stock withheld to cover employee taxes	(650)			(650)
Repurchases and retirements of common stock (in shares)		(72)
Repurchases and retirements of common stock	(2,638)		0	(624)		(2,014)
Cumulative translation adjustment	(592)				(592)
Unrealized Gain on Cash Flow Hedging, net of tax	3,040				3,040
Net income (loss)	(2,085)					(2,085)
Ending Balance (in shares) at Sep. 30, 2021		132,188
Ending Balance at Sep. 30, 2021	1,321,781		132	1,155,414	(10,229)	176,464
Beginning Balance (in shares) at Dec. 31, 2021		131,342
Beginning Balance at Dec. 31, 2021	1,287,947		131	1,154,058	(7,052)	140,810
Stock-based compensation	34,952			34,952
Stock options exercised and awards vested (in shares)		1,080
Stock options exercised and awards vested	2,573		1	2,572
Stock withheld to cover employee taxes (in shares)		(117)
Stock withheld to cover employee taxes	(4,598)			(4,598)
Repurchases and retirements of common stock (in shares)		(6,546)
Repurchases and retirements of common stock	(249,393)		(6)	(61,284)		(188,103)
Cumulative translation adjustment	115				115
Unrealized Gain on Cash Flow Hedging, net of tax	63,971				63,971
Net income (loss)	9,530					9,530
Ending Balance (in shares) at Sep. 30, 2022		125,759
Ending Balance at Sep. 30, 2022	1,145,097		126	1,125,700	57,034	(37,763)
Beginning Balance (in shares) at Jun. 30, 2022		127,179
Beginning Balance at Jun. 30, 2022	1,181,104		127	1,128,103	31,863	21,011
Stock-based compensation	15,573			15,573
Stock options exercised and awards vested (in shares)		344
Stock options exercised and awards vested	1,903		0	1,903
Stock withheld to cover employee taxes (in shares)		(13)
Stock withheld to cover employee taxes	(574)			(574)
Repurchases and retirements of common stock (in shares)		(1,751)
Repurchases and retirements of common stock	(80,229)		(1)	(19,305)		(60,923)
Cumulative translation adjustment	(366)				(366)
Unrealized Gain on Cash Flow Hedging, net of tax	25,537				25,537
Net income (loss)	2,149					2,149
Ending Balance (in shares) at Sep. 30, 2022		125,759
Ending Balance at Sep. 30, 2022	$ 1,145,097		$ 126	$ 1,125,700	$ 57,034	$ (37,763)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income (loss)	$ 9,530	$ (3,435)
Deferred income taxes	(286)	(20,521)
Depreciation and amortization	227,739	229,266
Stock-based compensation (net of amounts capitalized)	31,626	20,087
Amortization of deferred financing fees	3,488	3,025
All other items, net	450	(525)
Accounts receivable	(23,109)	(8,702)
Inventory	(9,642)	9,408
Prepaid expenses and other current assets	(1,860)	(309)
Other assets	1,989	2,538
Accounts payable	13,071	(5,050)
Accrued expenses and other current liabilities	(711)	(2,386)
Interest Payable	113	(69)
Deferred revenue	4,870	(8,312)
Other long-term liabilities	(2,810)	(2,757)
Net cash provided by operating activities	254,458	213,137
Cash flows from investing activities:
Capital expenditures	(44,756)	(28,016)
Payments to Acquire Equity Method Investments	(50,000)	0
Purchases of other investments	0	(1,128)
Maturities of marketable securities	0	5,400
Net cash used in investing activities	(94,756)	(23,744)
Cash flows from financing activities:
Payments on the Term Loan	(12,375)	(191,660)
Repurchases of common stock	(249,393)	(125,106)
Payments of Debt Issuance Costs	0	(4,053)
Proceeds from exercise of stock options	2,573	7,193
Tax payment upon settlement of stock awards	4,598	5,390
Net cash used in financing activities	(263,793)	(139,731)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	1,940	164
Net increase (decrease) in cash and cash equivalents, and restricted cash	(102,151)	49,826
Cash, cash equivalents, and restricted cash, beginning of period	320,913	237,178
Cash, cash equivalents, and restricted cash, end of period	218,762	287,004
Supplemental cash flow information:
Interest paid, net of amounts capitalized	45,236	56,985
Income taxes paid, net	1,332	1,304
Supplemental disclosure of non-cash investing activities:
Property and equipment received but not paid	4,282	4,941
Capitalized amortization of deferred financing costs	105	90
Capitalized stock-based compensation	3,326	2,042
Borrowings under the Term Loan	$ 0	$ 179,285

Basis of Presentation and Princ

Basis of Presentation and Principles of Consolidation	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation Iridium Communications Inc. (the “Company”) has prepared its condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). The Company's operations are primarily conducted through, and its operating assets are owned by, its principal operating subsidiary, Iridium Satellite LLC, Iridium Satellite's immediate parent, Iridium Holdings LLC, and their respective subsidiaries. The accompanying condensed consolidated financial statements include the accounts of (i) the Company, (ii) its wholly owned subsidiaries, and (iii) all less than wholly owned subsidiaries that the Company controls. All material intercompany transactions and balances have been eliminated. In the opinion of management, the condensed consolidated financial statements reflect all normal recurring adjustments that the Company considers necessary for the fair presentation of its results of operations and cash flows for the interim periods covered, and of the financial position of the Company at the date of the interim condensed consolidated balance sheet. The operating results for interim periods are not necessarily indicative of the operating results for the entire year. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to instructions, rules and regulations prescribed by the U.S. Securities and Exchange Commission (“SEC”). These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10‑K for the year ended December 31, 2021, as filed with the SEC on February 17, 2022.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Adopted and Recently Issued Accounting Pronouncements In March 2020, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (“ASU 2020-04”). The guidance provides optional expedients and exceptions for contracts, hedging relationships, and other transactions that reference London Inter-bank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued. ASU 2020-04 was further amended in January 2021 when the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope (“ASU 2021-01”), which clarified the applicability of certain provisions. Both ASU 2020-04 and ASU 2021-01 are currently effective prospectively for all entities through December 31, 2022, when the reference rate replacement activity is expected to have been completed. The guidance in ASU 2020-04 and ASU 2021-01 is optional and may be elected over time as reference rate reform activities occur. During 2021, the Company elected to apply the optional expedient for hedge accounting specifically to the interest rate cap agreement (the "Cap") executed in July 2021 (see Note 6 ). This allowed the Company to assume that the index upon which future interest payments on the hedged portion of the Term Loan (see Note 5 ) will be based matches the index on the Cap. Adoption of this practical expedient had no impact on the Company's condensed consolidated financial statements upon adoption. The Company has not yet adopted any other expedients and will continue to evaluate the impact this standard may have on its consolidated financial statements. Effective June 30, 2022, the Company adopted FASB ASU 2017-11, Earnings per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features (“ASU 2017-11”). Part I of ASU 2017-11 simplified the accounting for certain financial instruments with down round features, a provision in an equity-linked financial instrument (or embedded feature) that provides a downward adjustment of the current exercise price based on the price of future equity offerings. The Company also adopted FASB ASU 2020-06, Debt - Debt with Conversion and Other Options and Derivatives and Hedging (“ASU 2020-06”). ASU 2020-06 simplified the accounting for convertible debt instruments and convertible preferred stock by reducing the number of accounting models and limiting the number of embedded conversion features separately recognized from the primary contract. As a result of these adoptions, the Company was permitted to exclude the down-round feature of its investment in Aireon LLC (“Aireon”) from the consideration of whether the instrument is indexed to the entity's own stock (see Note 12 ). Fair Value Measurements The Company evaluates assets and liabilities subject to fair value measurements on a recurring and non-recurring basis to determine the appropriate level to classify them for each reporting period. This determination requires significant judgments to be made by management of the Company. Fair value is the price that would be received from the sale of an asset or paid to transfer a liability assuming an orderly transaction in the most advantageous market at the measurement date. U.S. GAAP establishes a hierarchical disclosure framework which prioritizes and ranks the level of observability of inputs used in measuring fair value. The fair value hierarchy consists of the following tiers: • Level 1, defined as observable inputs such as quoted prices in active markets for identical assets or liabilities; • Level 2, defined as observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and • Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying values of the following financial instruments approximated their fair values as of September 30, 2022 and December 31, 2021: (1) cash and cash equivalents, (2) prepaid expenses and other current assets, (3) accounts receivable, (4) accounts payable, and (5) accrued expenses and other current liabilities. Fair values approximate their carrying values because of their short-term nature. The Level 2 cash equivalents may include money market funds, commercial paper and short-term U.S. agency securities. The Company also classifies its derivative financial instruments as Level 2. The Company did not hold any Level 3 assets as of September 30, 2022 or December 31, 2021. The fair values of the Company’s Level 2 estimates are based upon certain market assumptions and information available to the Company. In determining fair value, the Company uses a market approach utilizing valuation models that incorporate observable inputs such as interest rates, bond yields and quoted prices for similar assets. Leases For new leases, the Company will determine if an arrangement is or contains a lease at inception. Leases are included as (1) right-of-use (“ROU”) assets within other assets, and (2) ROU liabilities within accrued expenses and other liabilities and are included within other long-term liabilities on the Company’s condensed consolidated balance sheets. ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Certain leases contain variable contractual obligations as a result of future base rate escalations which are estimated based on observed trends and included within the measurement of present value. The Company’s leases do not provide an implicit rate. The Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The ROU assets also include any lease payments made and exclude lease incentives. Lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company has lease agreements with lease and non-lease components, which are generally accounted for separately. For certain leases, such as teleport network facilities, the Company elected the practical expedient to combine lease and non-lease components as a single lease component. Taxes assessed on leases in which the Company is either a lessor or lessee are excluded from contract consideration and variable payments when measuring new lease contracts or remeasuring existing lease contracts. Inventory Inventory consists primarily of finished goods and raw materials from third-party manufacturers. The Company outsources manufacturing of subscriber equipment to a third-party manufacturer and purchases accessories from third-party suppliers. The Company’s cost of inventory includes an allocation of overhead, including payroll and payroll-related costs of employees directly involved in bringing inventory to its existing condition, and freight. Inventories are valued using the average cost method and are carried at the lower of cost or net realizable value. The Company has a manufacturing agreement with Benchmark Electronics Inc. (“Benchmark”) to manufacture most of its subscriber equipment. Pursuant to the agreement, the Company may be required to purchase excess materials at cost plus a contractual markup if the materials are not used in production within the periods specified in the agreement. Benchmark will then repurchase such materials from the Company at the same price paid by the Company, as required for the production of the subscriber equipment. The following table summarizes the Company's inventory balances: September 30, 2022 December 31, 2021 (In thousands) Finished goods $ 13,375 $ 18,395 Raw materials 26,910 11,850 Inventory valuation reserve (1,063) (1,201) Total $ 39,222 $ 29,044 Commitments Launch and Related Services In 2022, the Company entered into agreements with Space Exploration Technology Corp. and Thales Alenia Space France for launch and related services, to launch up to five of the Company's ground spare satellites. The Company expects costs related to this launch to total approximately $40.0 million. As of September 30, 2022, the Company had made aggregate payments of $8.2 million related to these services, which were capitalized as construction in progress within property and equipment, net in the accompanying condensed consolidated balance sheets. The Company currently expects the launch to occur in mid-2023. Derivative Financial Instruments The Company uses derivatives (interest rate swap, swaption and cap) to manage its exposure to fluctuating interest rate risk on variable rate debt. Its derivatives are measured at fair value and are recorded on the condensed consolidated balance sheets within other current liabilities and other assets. When the Company’s derivatives are designated as cash flow hedges, the effective portion of the changes in fair value of the derivatives are recorded in accumulated other comprehensive income (loss) within the Company’s condensed consolidated balance sheets and subsequently recognized in earnings when the hedged items impact earnings. Any ineffective portion of a derivative's change in fair value will be recognized in earnings in the same period in which the hedged interest payments affect earnings. Within the condensed consolidated statements of operations and comprehensive income, the gains and losses related to cash flow hedges are recognized within interest income (expense), net, as this is the same financial statement line item used for any gains or losses associated with the hedged items. Cash flows from hedging activities are included in operating activities within the Company’s condensed consolidated statements of cash flows, which is the same category as the item being hedged. See Note 6 for further information.

Cash and Cash Equivalents, Rest

Cash and Cash Equivalents, Restricted Cash and Marketable Securities	9 Months Ended
	Sep. 30, 2022
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents, Restricted Cash and Marketable Securities	Cash and Cash Equivalents Cash and Cash Equivalents The following table presents the Company’s cash and cash equivalents balances: September 30, 2022 December 31, 2021 Recurring Fair (In thousands) Cash and cash equivalents: Cash $ 18,660 $ 28,496 Money market funds 200,102 292,417 Level 2 Total cash and cash equivalents $ 218,762 $ 320,913

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Lessor, Operating Leases [Text Block]	Leases Lessor Arrangements Operating leases in which the Company is a lessor consist primarily of hosting agreements with Aireon (see Note 12 ) and L3Harris Technologies, Inc. (“L3Harris”) for space on the Company’s satellites. These agreements provide for a fee that will be recognized over the life of the satellites, currently estimated to be approximately 12.5 years. Lease income related to these agreements was $5.4 million for each of the three months ended September 30, 2022 and 2021, and $16.1 million for each of the nine months ended September 30, 2022 and 2021. Lease income is recorded as hosted payload and other data service revenue within service revenue on the Company’s condensed consolidated statements of operations and comprehensive income. Aireon has made payments to the Company pursuant to its hosting agreement, and the Company expects Aireon will continue to do so. L3Harris has prepaid all amounts owed to the Company pursuant to its hosting arrangement. The following table presents future income with respect to the Company’s operating leases in which it is the lessor existing at September 30, 2022, exclusive of the $16.1 million recognized during the nine months ended September 30, 2022, by year and in the aggregate: Year Ending December 31, Amount (In thousands) 2022 $ 5,361 2023 21,445 2024 21,445 2025 21,445 2026 21,445 Thereafter 77,462 Total lease income $ 168,603

Debt

Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	Debt Term Loan and Revolving Facility In November 2019 and February 2020, pursuant to a loan agreement (as amended to date, the “Credit Agreement”), the Company entered into a term loan totaling $1,650.0 million in aggregate principal amount with Deutsche Bank AG (the “Term Loan”) and an accompanying $100.0 million revolving loan (the “Revolving Facility”). The Term Loan was repriced on multiple occasions and now bears interest at an annual rate of one-month LIBOR plus 2.50%, with a 0.75% LIBOR floor. The maturity date of the Term Loan is in November 2026. The interest rate on the Revolving Facility is LIBOR plus 3.75%, with no LIBOR floor, and the Revolving Facility has a maturity date in November 2024. Principal payments, payable quarterly, equal $16.5 million per annum (one percent of the full principal amount of the Term Loan), with the remaining principal due upon maturity. As of September 30, 2022 and December 31, 2021, the Company reported an aggregate of $1,608.8 million and $1,621.1 million in borrowings under the Term Loan, respectively. These amounts do not include $19.8 million and $23.1 million of net unamortized deferred financing costs as of September 30, 2022 and December 31, 2021, respectively. The net principal balance in borrowings in the accompanying condensed consolidated balance sheets as of September 30, 2022 and December 31, 2021 amounted to $1,589.0 million and $1,598.0 million, respectively. As of September 30, 2022 and December 31, 2021, based upon over-the-counter bid levels (Level 2 - market approach), the fair value of the borrowings under the Term Loan was $1,568.5 million and $1,622.1 million, respectively. The Company had not borrowed under the Revolving Facility as of September 30, 2022 and December 31, 2021. The Credit Agreement restricts the Company’s ability to incur liens, engage in mergers or asset sales, pay dividends, repay subordinated indebtedness, incur indebtedness, make investments and loans, and engage in other transactions as specified in the Credit Agreement. The Credit Agreement provides for specified exceptions, including baskets measured as a percentage of trailing twelve months of earnings before interest, taxes, depreciation and amortization (“EBITDA” as defined in the Credit Agreement) and unlimited exceptions based on achievement and maintenance of specified leverage ratios, for, among other things, incurring indebtedness and liens and making investments, restricted payments for dividends and share repurchases, and payments of subordinated indebtedness. The Credit Agreement also contains a mandatory prepayment sweep mechanism with respect to a portion of the Company’s excess cash flow (as defined in the Credit Agreement), which is phased out based on achievement and maintenance of specified leverage ratios. As of December 31, 2021, the Company was below the specified leverage ratio, and a mandatory prepayment sweep was therefore not required with respect to 2021 cash flows. The Credit Agreement contains no financial maintenance covenants with respect to the Term Loan. With respect to the Revolving Facility, the Credit Agreement requires the Company to maintain a consolidated first lien net leverage ratio (as defined in the Credit Agreement) of no greater than 6.25 to 1 if more than 35% of the Revolving Facility has been drawn. The Credit Agreement contains other customary representations and warranties, affirmative and negative covenants, and events of default. The Company was in compliance with all covenants as of September 30, 2022. Interest on Debt Total interest incurred includes amortization of deferred financing fees and capitalized interest. The following table presents the interest and amortization of deferred financing fees related to the Term Loan: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (In thousands) (In thousands) Total interest incurred $ 19,844 $ 18,462 $ 51,076 $ 61,018 Amortization of deferred financing fees $ 1,211 $ 1,148 $ 3,593 $ 3,115 Capitalized interest $ 725 $ 438 $ 1,589 $ 1,795 As of September 30, 2022 and December 31, 2021, accrued interest on the Term Loan was $0.2 million and $0.1 million, respectively.

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Derivative Financial Instruments The Company is exposed to interest rate fluctuations related to its Term Loan. The Company has reduced its exposure to fluctuations in the cash flows associated with changes in the variable interest rate by entering into offsetting positions through the use of interest rate cap and swap contracts which result in recognizing a maximum fixed interest rate for a portion of the Term Loan. These instruments reduce the negative impact of increases in the variable rate over the term of the derivative contracts. These contracts are not used for trading or other speculative purposes. Historically, the Company has not incurred, and does not expect to incur in the future, any losses as a result of counterparty default. Hedge effectiveness of interest rate swap and cap contracts is based on a long-haul hypothetical derivative methodology and includes all changes in value. The Company formally assesses, both at the hedge’s inception and on an ongoing quarterly basis, whether the designated derivative instruments are highly effective in offsetting changes in the cash flows of the hedged items. When the hedging instrument is sold, expires, is terminated, is exercised, no longer qualifies for hedge accounting, is de-designated, or is no longer probable, hedge accounting is discontinued prospectively. Interest Rate Swap and Swaption The Company previously entered into a long-term interest rate swap (“Swap”) to mitigate variability in forecasted interest payments on a portion of the Company’s borrowings under the Term Loan. The Swap expired in November 2021. Under the Swap, on the last business day of each month, the Company received variable interest payments based on one-month LIBOR from the counterparty. The Company paid a fixed rate of 1.565% per annum on the Swap. The Company also entered into an interest rate swaption agreement (“Swaption”), for which the Company paid a fixed annual rate of 0.50%. At inception, the Swap and Swaption were designated as cash flow hedges for hedge accounting. The unrealized changes in market value were recorded in accumulated other comprehensive income (loss) and any remaining balance will be reclassified into earnings during the period in which the hedged transaction affects earnings. Due to the changes made to the Term Loan as a result of the July 2021 repricing, at that time the Company elected to de-designate the Swap as a cash flow hedge. Accordingly, as the related interest payments were still probable, the accumulated balance within other comprehensive income (loss) as of the de-designation date was amortized into earnings through the November 2021 expiration date. The Company sold the Swaption in May 2021 for $0.7 million. The Company continued to pay the fixed annual rate for the Swaption through the term of the Swaption, which expired in November 2021. Interest Rate Cap In July 2021, the Company entered into the Cap that began in December 2021, following the expiration of the Swap. The Company entered into the Cap in order to manage its exposure to interest rate movements on a portion of the Term Loan through the maturity of the Term Loan in November 2026. The Cap provides the Company with the right to receive payment if one-month LIBOR exceeds 1.5%. As of December 2021, the Company began paying a fixed monthly premium based on an annual rate of 0.31% for the Cap. The Cap carried a notional amount of $1,000.0 million as of September 30, 2022 and December 31, 2021. The Cap is designed to mirror the terms of the Term Loan and to offset the cash flows being hedged. The Company designated the Cap as a cash flow hedge of the variability of the LIBOR-based interest payments on the Term Loan. The effective portion of the Cap's change in fair value will be recorded in accumulated other comprehensive income (loss). Any ineffective portion of the Cap's change in fair value will be recorded in current earnings as interest expense. Fair Value of Derivative Instruments As of September 30, 2022 and December 31, 2021, the Company had an asset balance of $99.9 million and $19.7 million, respectively, for the fair value of the Cap and a liability balance of $11.7 million and $14.8 million, respectively, for the fair value of the Cap premium. Both the Cap and the Cap premium are recorded net within other assets. During the three and nine months ended September 30, 2022, the Company collectively incurred $0.8 million and $2.5 million, respectively, in interest expense for the Swaption and Cap. This interest expense was reduced by $1.8 million for both the three and nine months ended September 30, 2022, for payments received related to the Cap. During the three and nine months ended September 30, 2021, the Company collectively incurred $1.8 million and $6.6 million, respectively, in net interest expense for the Swap and Swaption. Gains and losses resulting from fair value adjustments to the Cap are recorded within accumulated other comprehensive income (loss) within the Company’s condensed consolidated balance sheets and reclassified to interest expense on the dates that interest payments become due. Cash flows related to the derivative contracts are included in cash flows from operating activities on the condensed consolidated statements of cash flows. Over the next 12 months, the Company expects any gains or losses for cash flow hedges amortized from accumulated other comprehensive income (loss) into earnings to have an immaterial impact on the Company’s consolidated financial statements. The following table presents the amount of unrealized gain or loss and related tax impact associated with the derivative instruments that the Company recorded in its condensed consolidated statements of operations and comprehensive income: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (In thousands) (In thousands) Unrealized gain, net of tax $ 25,537 $ 3,040 $ 63,971 $ 7,122 Tax expense $ 7,740 $ 1,010 $ 19,392 $ 2,222

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation In May 2019, the Company’s stockholders approved the amendment and restatement of the Company’s 2015 Equity Incentive Plan (as so amended and restated, the “Amended 2015 Plan”). As of September 30, 2022, the remaining aggregate number of shares of the Company’s common stock available for future grants under the Amended 2015 Plan was 8,009,551. The Amended 2015 Plan provides for the grant of stock-based awards, including nonqualified stock options, incentive stock options, restricted stock, restricted stock units (“RSUs”), stock appreciation rights and other equity securities to employees, consultants and non-employee directors of the Company and its affiliated entities. The number of shares of common stock available for issuance under the Amended 2015 Plan is reduced by (i) one share for each share of common stock issued pursuant to an appreciation award, such as a stock option or stock appreciation right with an exercise or strike price of at least 100% of the fair market value of the underlying common stock on the date of grant, and (ii) 1.8 shares for each share of common stock issued pursuant to any stock award that is not an appreciation award, also known as a “full value award.” The Amended 2015 Plan allows the Company to utilize a broad array of equity incentives and performance cash incentives in order to secure and retain the services of its employees, directors and consultants, and to provide long-term incentives that align the interests of its employees, directors and consultants with the interests of the Company’s stockholders. The Company accounts for stock-based compensation at fair value. Stock Option Awards The stock option awards granted to employees generally (i) have a term of ten years, (ii) vest over four years with 25% vesting after the first year of service and the remainder vesting ratably on a quarterly basis thereafter, (iii) are contingent upon employment on the vesting date, and (iv) have an exercise price equal to the fair market value of the underlying shares at the date of grant. The fair value of stock options is determined at the grant date using the Black-Scholes option pricing model. The Company historically granted stock options to newly hired and promoted employees but now exclusively utilizes RSUs. The Company did not grant any stock options during the three and nine months ended September 30, 2022 or 2021. Option Summary A summary of the activity of the Company's stock options is as follows: Shares Weighted- Weighted- Aggregate (In thousands, except years and per share data) Options outstanding at December 31, 2021 1,681 $ 9.35 3.28 $ 53,698 Exercised (314) 7.78 $ 11,244 Forfeited (2) 14.24 Options outstanding at September 30, 2022 1,365 $ 9.70 2.81 $ 47,312 Options exercisable at September 30, 2022 1,345 $ 9.52 2.76 $ 46,855 Options exercisable and expected to vest at September 30, 2022 1,365 $ 9.70 2.81 $ 47,310 Shares Weighted- Weighted- Aggregate (In thousands, except years and per share data) Options outstanding at December 31, 2020 2,554 $ 9.10 3.94 $ 77,182 Cancelled or expired (1) 7.78 Exercised (844) 8.46 $ 31,171 Forfeited (11) 15.45 Options outstanding at September 30, 2021 1,698 $ 9.38 3.54 $ 51,755 Options exercisable at September 30, 2021 1,592 $ 8.73 3.31 $ 49,552 Options exercisable and expected to vest at September 30, 2021 1,698 $ 9.37 3.54 $ 51,732 Restricted Stock Units The RSUs granted to employees for service generally vest over four years, with 25% vesting on the first anniversary of the grant date and the remainder vesting ratably on a quarterly basis thereafter, subject to continued employment. Some RSUs granted to employees for performance vest upon the completion of defined performance goals, subject to continued employment. The RSUs granted to non-employee members of the board of directors generally vest in full on the first anniversary of the grant date. The RSUs granted to non-employee consultants generally vest 50% on the first anniversary of the grant date, with the remaining 50% vesting quarterly thereafter through the second anniversary of the grant date. The Company’s RSUs are classified as equity awards because the RSUs will be settled in the Company’s common stock upon vesting. The fair value of the RSUs is determined at the grant date based on the closing price of the Company's common stock on the date of grant. The related compensation expense is recognized over the service period, or shorter periods based on the retirement eligibility of certain grantees, and is based on the grant date fair value of the Company’s common stock and the number of shares expected to vest. The fair value of the awards is not remeasured at the end of each reporting period. The RSUs do not carry voting rights until they are vested, and shares are issued upon settlement in accordance with the terms of the award. RSU Summary The following tables summarize the Company’s RSU activity: Shares Underlying RSUs Weighted- (In thousands) Outstanding at December 31, 2021 2,550 $ 25.80 Granted 1,491 40.02 Forfeited (127) 31.85 Released (766) 32.73 Outstanding at September 30, 2022 3,148 $ 30.60 Vested and unreleased at September 30, 2022 (1) 885 Shares Underlying RSUs Weighted- (In thousands) Outstanding at December 31, 2020 2,664 $ 18.96 Granted 843 41.67 Forfeited (90) 28.41 Released (782) 21.22 Outstanding at September 30, 2021 2,635 $ 25.23 Vested and unreleased at September 30, 2021 (1) 860 (1) These RSUs were granted to the Company's board of directors as a part of their compensation for board and committee service, as detailed below, and had vested but had not yet settled, meaning that the underlying shares of common stock had not been issued and released pursuant to the terms of the applicable compensation program. Service-Based RSUs The majority of the annual compensation the Company provides to non-employee members of its board of directors is paid in the form of RSUs. In addition, some members of the Company’s board of directors may elect to receive the remainder of their annual compensation, or a portion thereof, in the form of RSUs. An aggregate amount of approximately 57,000 and 39,000 service-based RSUs were granted to the Company’s non-employee members of the board of directors as a result of these payments and elections during the nine months ended September 30, 2022 and 2021, respectively, with an estimated grant date fair value of $2.2 million and $1.6 million, respectively. During the nine months ended September 30, 2022 and 2021, the Company granted approximately 1,012,000 and 461,000 service-based RSUs, respectively, to its employees, with an estimated aggregate grant date fair value of $41.0 million and $19.2 million, respectively. During the nine months ended September 30, 2022 and 2021, the Company granted approximately 7,000 and 2,000 service-based RSUs, respectively, to non-employee consultants, with an estimated aggregate grant date fair value of $0.3 million and $0.1 million, respectively. Performance-Based RSUs In March 2022 and 2021, the Company granted approximately 248,000 and 228,000 annual incentive, performance-based RSUs, respectively, to the Company’s executives and employees (the “Bonus RSUs”), with an estimated grant date fair value of $9.7 million and $9.5 million, respectively. Vesting of the Bonus RSUs is and was dependent upon the Company’s achievement of defined performance goals over the respective fiscal year. The Company records stock-based compensation expense related to performance-based RSUs when it is considered probable that the performance conditions will be met. Management believes it is probable that substantially all of the 2022 Bonus RSUs will vest. The level of achievement, if any, of performance goals will be determined by the compensation committee of the Company’s board of directors and, if such goals are achieved, the 2022 Bonus RSUs will vest, subject to continued employment, in March 2023. All of the 2021 Bonus RSUs vested in March 2022 upon the determination of the level of achievement of the performance goals.

Equity Transactions

Equity Transactions	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
Equity Transactions	Equity Transactions Preferred Stock The Company is authorized to issue 2.0 million shares of preferred stock with a par value of $0.0001 per share. The Company previously issued 1.5 million shares of preferred stock, all of which have converted to common stock. The remaining 0.5 million authorized shares of preferred stock remain undesignated and unissued as of September 30, 2022 and December 31, 2021. As of September 30, 2022 and December 31, 2021, there were no outstanding shares of preferred stock. Share Repurchases and Retirement In February 2021, the Company implemented a stock repurchase program for up to $300.0 million of its common stock through December 31, 2022. In March 2022, the Company expanded the repurchase program to include up to an additional $300.0 million of its common stock through December 31, 2023. This timeframe can be extended or shortened by the board of directors. Repurchases may be made from time to time on the open market at prevailing prices or in negotiated transactions off the market. All shares are immediately retired upon repurchase in accordance with the board-approved policy. When treasury shares are retired, the Company’s policy is to allocate the excess of the repurchase price over the par value of shares acquired first, to additional paid-in capital, and then to retained earnings. The portion to be allocated to additional paid-in capital is calculated by applying a percentage, determined by dividing the number of shares to be retired by the number of shares outstanding, to the balance of additional paid-in capital as of the date of retirement.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The following table summarizes the Company’s services revenue: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (In thousands) (In thousands) Commercial services revenue: Voice and data $ 50,256 $ 45,737 $ 143,621 $ 130,444 IoT data 33,786 30,040 92,857 82,018 Broadband 13,589 11,461 37,200 31,531 Hosted payload and other data 14,846 14,649 44,769 43,867 Total commercial services revenue 112,477 101,887 318,447 287,860 Government services revenue 26,500 25,887 79,500 77,387 Total services revenue $ 138,977 $ 127,774 $ 397,947 $ 365,247 The following table summarizes the Company’s engineering and support services revenue: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (In thousands) (In thousands) Commercial $ 1,783 $ 1,249 $ 4,280 $ 2,978 Government 15,341 6,238 29,509 17,781 Total engineering and support services revenue $ 17,124 $ 7,487 $ 33,789 $ 20,759 Approximately 30% and 34% of the Company's accounts receivable balance at September 30, 2022 and December 31, 2021, respectively, was due from prime contracts or subcontracts with agencies of the U.S. government. The Company's contracts with customers generally do not contain performance obligations with terms in excess of one year. As such, the Company does not disclose details related to the value of performance obligations that are unsatisfied as of the end of the reporting period. The total value of any performance obligations that extend beyond one year is immaterial to the financial statements. The timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled receivables (contract assets), and deferred revenue (contract liabilities) on the condensed consolidated balance sheets. The Company bills amounts under its agreed-upon contractual terms at periodic intervals (for services), upon shipment (for equipment), or upon achievement of contractual milestones or as work progresses (for engineering and support services). Billing may occur subsequent to revenue recognition, resulting in unbilled accounts receivable (contract assets). The Company may also receive payments from customers before revenue is recognized, resulting in deferred revenue (contract liabilities). The Company recognized revenue that was previously recorded as deferred revenue in the amounts of $5.5 million and $10.6 million for the three months ended September 30, 2022 and 2021, respectively, and $21.1 million and $32.4 million during the nine months ended September 30, 2022 and 2021. The Company has also recorded costs of obtaining contracts expected to be recovered in prepaid expenses and other current assets (contract assets or commissions), that are not separately disclosed on the condensed consolidated balance sheets. The commissions are recognized over the estimated usage period. The following table presents contract assets not separately disclosed: September 30, 2022 December 31, 2021 (In thousands) Contract Assets: Commissions $ 1,471 $ 1,190 Other contract costs $ 2,330 $ 2,558 Unbilled receivables $ 14,693 $ 10,752

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Tax Disclosure	Income TaxesIncome before income taxes was $0.1 million and $10.5 million for the three and nine months ended September 30, 2022, respectively, while the income tax benefit was $2.1 million for the three months ended September 30, 2022 and the income tax expense was $1.0 million for the nine months ended September 30, 2022. The effective tax rate for the three and nine months ended September 30, 2022, differed from the federal statutory rate of 21% primarily due to U.S. tax credits, a discrete tax benefit associated with stock compensation and a discrete tax benefit from the U.S. provision-to-return adjustment in the current period, partially offset by tax expense associated with nondeductible executive compensation and non-creditable foreign taxes. Loss before income taxes was $3.5 million and $23.5 million for the three and nine months ended September 30, 2021, respectively, while the income tax benefit was $1.5 million and $20.0 million for the three and nine months ended September 30, 2021, respectively. The effective tax rate for the three-month period ended September 30, 2021, differed from the federal statutory rate of 21% primarily due to the net impact of a discrete tax benefit associated with the stock compensation tax deduction and the decrease to the prior year valuation allowance for state net operating losses, offset by a discrete state tax expense associated with state apportionment changes. The effective tax rate for the nine-month period ended September 30, 2021, differed from the federal statutory rate of 21% primarily due to the net impact of the discrete state tax benefit associated with state apportionment changes, a stock compensation tax deduction and the Company's U.S. tax credits.

Net Income (Loss) Per Share

Net Income (Loss) Per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (Loss) Per Share The Company calculates basic net income (loss) per share by dividing net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. In periods of net income, diluted net income per share takes into account the effect of potential dilutive common shares when the effect is dilutive. Potentially dilutive common shares include (i) shares of common stock issuable upon exercise of outstanding stock options and (ii) contingently issuable RSUs that are convertible into shares of common stock upon achievement of certain service and performance requirements. The effect of potentially dilutive common shares is computed using the treasury stock method. The RSUs granted to members of the Company’s board of directors contain non-forfeitable rights to dividends and therefore are considered to be participating securities in periods of net income. The income attributable to the RSUs was immaterial for the periods presented, and as a result, the calculation of basic and diluted net income per share excludes net income attributable to the unvested RSUs granted to the Company’s board of directors from the numerator and excludes the impact of the unvested RSUs granted to the Company’s board of directors from the denominator. The following table summarizes the computations of basic and diluted net income (loss) per share: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (In thousands, except per share data) Numerator: Net income (loss) - basic and diluted $ 2,149 $ (2,085) 9,530 (3,435) Denominator: Weighted average common shares - basic 127,697 132,869 128,800 133,763 Dilutive effect of stock options 921 — 974 — Dilutive effect of RSUs 457 — 510 — Weighted average common shares - diluted 129,075 132,869 130,284 133,763 Net income (loss) per share - basic and diluted $ 0.02 $ (0.02) $ 0.07 $ (0.03) Due to the Company’s net loss position for the three and nine months ended September 30, 2021, all potential common stock equivalents were anti-dilutive and therefore excluded from the calculation of diluted net loss per share. The following table presents the incremental number of shares underlying stock options and RSUs outstanding with anti-dilutive effects: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (In thousands) (In thousands) Performance-based RSUs — 49 — 101 Service-based RSUs — 404 — 547 Stock options — 1,130 — 1,236

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions Disclosure	Related Party Transactions Aireon LLC and Aireon Holdings LLC The Company's satellite constellation hosts the Aireon ® system, which provides a global air traffic surveillance service through a series of automatic dependent surveillance-broadcast (“ADS-B”) receivers. The Company formed Aireon in 2011, with subsequent investments from the air navigation service providers (“ANSPs”) of Canada, Italy, Denmark, Ireland and the United Kingdom, to develop and market this service. The Company and other Aireon investors hold their interests in Aireon through the Amended and Restated Aireon Holdings LLC agreement (the “Aireon Holdings LLC Agreement”). Aireon Holdings LLC holds 100% of the membership interests in Aireon, which is the operating entity. In June 2022, the Company entered into a subscription agreement with Aireon and invested $50 million in exchange for a 6% preferred interest. The Company's investment in Aireon is accounted for as an equity method investment. The carrying value of the Company's investment in Aireon was $50 million as of September 30, 2022. The original investments by the Company were previously written down to a carrying value of zero. As of September 30, 2022 and December 31, 2021, the Company's fully diluted ownership stake in Aireon Holdings was approximately 39.5% and 35.7%, respectively, and is subject to redemption provisions contained in the Aireon Holdings LLC Agreement. Aireon has contracted to pay the Company a fee to host the ADS-B receivers on its constellation, as well as fees for power and data services in connection with the delivery of the air traffic surveillance data. Pursuant to an agreement with Aireon (the “Hosting Agreement”), Aireon will pay the Company fees of $200.0 million to host the ADS-B receivers, of which $70.5 million had been paid as of September 30, 2022, as well as power fees of up to approximately $3.7 million per year. Aireon also pays data services fees of $19.8 million per year for the delivery of the air traffic surveillance data under a data transmission services agreement. Pursuant to ASU 2016-02, the Company considers the Hosting Agreement an operating lease. The Company recognized $4.0 million of hosting fee revenue for each of the three months ended September 30, 2022 and 2021 and $12.0 million for each of the nine months ended September 30, 2022 and 2021. Aireon receivables under the Hosting Agreement totaled $3.6 million as of September 30, 2022 . There were no such receivables as of December 31, 2021 . The Company recorded power and data service revenue from Aireon of $5.9 million for each of the three months ended September 30, 2022 and 2021 and $17.6 million for each of the nine months ended September 30, 2022 and 2021. Under two services agreements, the Company also provides Aireon with administrative services and support services, the fees for which are paid monthly. Aireon receivables due to the Company under these two agreements totaled $2.1 million and $2.2 million as of September 30, 2022 and December 31, 2021, respectively. The Company and the other Aireon investors have agreed to participate pro-rata, based on their fully diluted ownership stakes, in funding an investor bridge loan to Aireon. The Company’s maximum funding commitment for the bridge loan is $10.7 million. No bridge loan amounts were outstanding as of September 30, 2022 or December 31, 2021.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Adopted and Recently Issued Accounting Pronouncements In March 2020, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (“ASU 2020-04”). The guidance provides optional expedients and exceptions for contracts, hedging relationships, and other transactions that reference London Inter-bank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued. ASU 2020-04 was further amended in January 2021 when the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope (“ASU 2021-01”), which clarified the applicability of certain provisions. Both ASU 2020-04 and ASU 2021-01 are currently effective prospectively for all entities through December 31, 2022, when the reference rate replacement activity is expected to have been completed. The guidance in ASU 2020-04 and ASU 2021-01 is optional and may be elected over time as reference rate reform activities occur. During 2021, the Company elected to apply the optional expedient for hedge accounting specifically to the interest rate cap agreement (the "Cap") executed in July 2021 (see Note 6 ). This allowed the Company to assume that the index upon which future interest payments on the hedged portion of the Term Loan (see Note 5 ) will be based matches the index on the Cap. Adoption of this practical expedient had no impact on the Company's condensed consolidated financial statements upon adoption. The Company has not yet adopted any other expedients and will continue to evaluate the impact this standard may have on its consolidated financial statements. Effective June 30, 2022, the Company adopted FASB ASU 2017-11, Earnings per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features (“ASU 2017-11”). Part I of ASU 2017-11 simplified the accounting for certain financial instruments with down round features, a provision in an equity-linked financial instrument (or embedded feature) that provides a downward adjustment of the current exercise price based on the price of future equity offerings. The Company also adopted FASB ASU 2020-06, Debt - Debt with Conversion and Other Options and Derivatives and Hedging (“ASU 2020-06”). ASU 2020-06 simplified the accounting for convertible debt instruments and convertible preferred stock by reducing the number of accounting models and limiting the number of embedded conversion features separately recognized from the primary contract. As a result of these adoptions, the Company was permitted to exclude the down-round feature of its investment in Aireon LLC (“Aireon”) from the consideration of whether the instrument is indexed to the entity's own stock (see Note 12 ).
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements The Company evaluates assets and liabilities subject to fair value measurements on a recurring and non-recurring basis to determine the appropriate level to classify them for each reporting period. This determination requires significant judgments to be made by management of the Company. Fair value is the price that would be received from the sale of an asset or paid to transfer a liability assuming an orderly transaction in the most advantageous market at the measurement date. U.S. GAAP establishes a hierarchical disclosure framework which prioritizes and ranks the level of observability of inputs used in measuring fair value. The fair value hierarchy consists of the following tiers: • Level 1, defined as observable inputs such as quoted prices in active markets for identical assets or liabilities; • Level 2, defined as observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and • Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying values of the following financial instruments approximated their fair values as of September 30, 2022 and December 31, 2021: (1) cash and cash equivalents, (2) prepaid expenses and other current assets, (3) accounts receivable, (4) accounts payable, and (5) accrued expenses and other current liabilities. Fair values approximate their carrying values because of their short-term nature. The Level 2 cash equivalents may include money market funds, commercial paper and short-term U.S. agency securities. The Company also classifies its derivative financial instruments as Level 2. The Company did not hold any Level 3 assets as of September 30, 2022 or December 31, 2021.
Lessee, Leases [Policy Text Block]	Leases For new leases, the Company will determine if an arrangement is or contains a lease at inception. Leases are included as (1) right-of-use (“ROU”) assets within other assets, and (2) ROU liabilities within accrued expenses and other liabilities and are included within other long-term liabilities on the Company’s condensed consolidated balance sheets. ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Certain leases contain variable contractual obligations as a result of future base rate escalations which are estimated based on observed trends and included within the measurement of present value. The Company’s leases do not provide an implicit rate. The Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The ROU assets also include any lease payments made and exclude lease incentives. Lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company has lease agreements with lease and non-lease components, which are generally accounted for separately. For certain leases, such as teleport network facilities, the Company elected the practical expedient to combine lease and non-lease components as a single lease component. Taxes assessed on leases in which the Company is either a lessor or lessee are excluded from contract consideration and variable payments when measuring new lease contracts or remeasuring existing lease contracts.
Inventory, Policy [Policy Text Block]	Inventory Inventory consists primarily of finished goods and raw materials from third-party manufacturers. The Company outsources manufacturing of subscriber equipment to a third-party manufacturer and purchases accessories from third-party suppliers. The Company’s cost of inventory includes an allocation of overhead, including payroll and payroll-related costs of employees directly involved in bringing inventory to its existing condition, and freight. Inventories are valued using the average cost method and are carried at the lower of cost or net realizable value. The Company has a manufacturing agreement with Benchmark Electronics Inc. (“Benchmark”) to manufacture most of its subscriber equipment. Pursuant to the agreement, the Company may be required to purchase excess materials at cost plus a contractual markup if the materials are not used in production within the periods specified in the agreement. Benchmark will then repurchase such materials from the Company at the same price paid by the Company, as required for the production of the subscriber equipment.
Commitments and Contingencies, Policy	Commitments Launch and Related Services
Derivatives, Policy [Policy Text Block]	Derivative Financial Instruments The Company uses derivatives (interest rate swap, swaption and cap) to manage its exposure to fluctuating interest rate risk on variable rate debt. Its derivatives are measured at fair value and are recorded on the condensed consolidated balance sheets within other current liabilities and other assets. When the Company’s derivatives are designated as cash flow hedges, the effective portion of the changes in fair value of the derivatives are recorded in accumulated other comprehensive income (loss) within the Company’s condensed consolidated balance sheets and subsequently recognized in earnings when the hedged items impact earnings. Any ineffective portion of a derivative's change in fair value will be recognized in earnings in the same period in which the hedged interest payments affect earnings. Within the condensed consolidated statements of operations and comprehensive income, the gains and losses related to cash flow hedges are recognized within interest income (expense), net, as this is the same financial statement line item used for any gains or losses associated with the hedged items. Cash flows from hedging activities are included in operating activities within the Company’s condensed consolidated statements of cash flows, which is the same category as the item being hedged. See Note 6 for further information.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Schedule of Inventory, Current	The following table summarizes the Company's inventory balances: September 30, 2022 December 31, 2021 (In thousands) Finished goods $ 13,375 $ 18,395 Raw materials 26,910 11,850 Inventory valuation reserve (1,063) (1,201) Total $ 39,222 $ 29,044

Cash and Cash Equivalents, Re_2

Cash and Cash Equivalents, Restricted Cash and Marketable Securities (Tables)	9 Months Ended
	Sep. 30, 2022
Cash and Cash Equivalents [Abstract]
Summary of Company's Cash and Cash Equivalents	The following table presents the Company’s cash and cash equivalents balances: September 30, 2022 December 31, 2021 Recurring Fair (In thousands) Cash and cash equivalents: Cash $ 18,660 $ 28,496 Money market funds 200,102 292,417 Level 2 Total cash and cash equivalents $ 218,762 $ 320,913

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Operating Lease, Lease Income [Table Text Block]	The following table presents future income with respect to the Company’s operating leases in which it is the lessor existing at September 30, 2022, exclusive of the $16.1 million recognized during the nine months ended September 30, 2022, by year and in the aggregate: Year Ending December 31, Amount (In thousands) 2022 $ 5,361 2023 21,445 2024 21,445 2025 21,445 2026 21,445 Thereafter 77,462 Total lease income $ 168,603

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Interest incurred	The following table presents the interest and amortization of deferred financing fees related to the Term Loan: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (In thousands) (In thousands) Total interest incurred $ 19,844 $ 18,462 $ 51,076 $ 61,018 Amortization of deferred financing fees $ 1,211 $ 1,148 $ 3,593 $ 3,115 Capitalized interest $ 725 $ 438 $ 1,589 $ 1,795

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments, Gain (Loss)	The following table presents the amount of unrealized gain or loss and related tax impact associated with the derivative instruments that the Company recorded in its condensed consolidated statements of operations and comprehensive income: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (In thousands) (In thousands) Unrealized gain, net of tax $ 25,537 $ 3,040 $ 63,971 $ 7,122 Tax expense $ 7,740 $ 1,010 $ 19,392 $ 2,222

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Share-Based Payment Arrangement [Abstract]
Share-based Payment Arrangement, Option, Activity	Option Summary A summary of the activity of the Company's stock options is as follows: Shares Weighted- Weighted- Aggregate (In thousands, except years and per share data) Options outstanding at December 31, 2021 1,681 $ 9.35 3.28 $ 53,698 Exercised (314) 7.78 $ 11,244 Forfeited (2) 14.24 Options outstanding at September 30, 2022 1,365 $ 9.70 2.81 $ 47,312 Options exercisable at September 30, 2022 1,345 $ 9.52 2.76 $ 46,855 Options exercisable and expected to vest at September 30, 2022 1,365 $ 9.70 2.81 $ 47,310	Shares Weighted- Weighted- Aggregate (In thousands, except years and per share data) Options outstanding at December 31, 2020 2,554 $ 9.10 3.94 $ 77,182 Cancelled or expired (1) 7.78 Exercised (844) 8.46 $ 31,171 Forfeited (11) 15.45 Options outstanding at September 30, 2021 1,698 $ 9.38 3.54 $ 51,755 Options exercisable at September 30, 2021 1,592 $ 8.73 3.31 $ 49,552 Options exercisable and expected to vest at September 30, 2021 1,698 $ 9.37 3.54 $ 51,732
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity	The following tables summarize the Company’s RSU activity: Shares Underlying RSUs Weighted- (In thousands) Outstanding at December 31, 2021 2,550 $ 25.80 Granted 1,491 40.02 Forfeited (127) 31.85 Released (766) 32.73 Outstanding at September 30, 2022 3,148 $ 30.60 Vested and unreleased at September 30, 2022 (1) 885	Shares Underlying RSUs Weighted- (In thousands) Outstanding at December 31, 2020 2,664 $ 18.96 Granted 843 41.67 Forfeited (90) 28.41 Released (782) 21.22 Outstanding at September 30, 2021 2,635 $ 25.23 Vested and unreleased at September 30, 2021 (1) 860

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Summary of Company's service revenue	The following table summarizes the Company’s services revenue: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (In thousands) (In thousands) Commercial services revenue: Voice and data $ 50,256 $ 45,737 $ 143,621 $ 130,444 IoT data 33,786 30,040 92,857 82,018 Broadband 13,589 11,461 37,200 31,531 Hosted payload and other data 14,846 14,649 44,769 43,867 Total commercial services revenue 112,477 101,887 318,447 287,860 Government services revenue 26,500 25,887 79,500 77,387 Total services revenue $ 138,977 $ 127,774 $ 397,947 $ 365,247
Summary of Company's Engineering and Support Services Revenue [Table Text Block]	The following table summarizes the Company’s engineering and support services revenue: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (In thousands) (In thousands) Commercial $ 1,783 $ 1,249 $ 4,280 $ 2,978 Government 15,341 6,238 29,509 17,781 Total engineering and support services revenue $ 17,124 $ 7,487 $ 33,789 $ 20,759
Schedule of recognized contract costs	The following table presents contract assets not separately disclosed: September 30, 2022 December 31, 2021 (In thousands) Contract Assets: Commissions $ 1,471 $ 1,190 Other contract costs $ 2,330 $ 2,558 Unbilled receivables $ 14,693 $ 10,752

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Computations of Basic and Diluted Net Income Per Share	The following table summarizes the computations of basic and diluted net income (loss) per share: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (In thousands, except per share data) Numerator: Net income (loss) - basic and diluted $ 2,149 $ (2,085) 9,530 (3,435) Denominator: Weighted average common shares - basic 127,697 132,869 128,800 133,763 Dilutive effect of stock options 921 — 974 — Dilutive effect of RSUs 457 — 510 — Weighted average common shares - diluted 129,075 132,869 130,284 133,763 Net income (loss) per share - basic and diluted $ 0.02 $ (0.02) $ 0.07 $ (0.03)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	The following table presents the incremental number of shares underlying stock options and RSUs outstanding with anti-dilutive effects: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (In thousands) (In thousands) Performance-based RSUs — 49 — 101 Service-based RSUs — 404 — 547 Stock options — 1,130 — 1,236

Significant Accounting Polici_4

Significant Accounting Policies - Schedule of Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Finished goods	$ 13,375	$ 18,395
Raw materials	26,910	11,850
Inventory valuation reserve	(1,063)	(1,201)
Inventory	$ 39,222	$ 29,044

Significant Accounting Polici_5

Significant Accounting Policies (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Accounting Policies [Abstract]
Launch Service Costs	$ 40

Cash and Cash Equivalents, Re_3

Cash and Cash Equivalents, Restricted Cash and Marketable Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Cash and cash equivalents:
Total cash and cash equivalents	$ 218,762	$ 320,913
Cash
Cash and cash equivalents:
Cash	18,660	28,496
Money Market Funds | Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents:
Money market funds	$ 200,102	$ 292,417

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Lessor, Lease, Description [Line Items]
Operating Lease, Lease Income	$ 5,400	$ 5,400	$ 16,100	$ 16,100
2022 (Remainder of Fiscal Year)	5,361		5,361
2023	21,445		21,445
2024	21,445		21,445
2025	21,445		21,445
2026	21,445		21,445
Thereafter	77,462		77,462
Total lease income	$ 168,603		$ 168,603
Next Generation Satellites
Lessor, Lease, Description [Line Items]
Property, Plant and Equipment, Useful Life			12 years 6 months

Debt - Narrative (Details)

Debt - Narrative (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022 USD ($) Rate	Sep. 30, 2022 USD ($) Rate	Dec. 31, 2021 USD ($)	Feb. 07, 2020 USD ($)	Nov. 04, 2019 USD ($) Rate
Line of Credit Facility [Line Items]
Debt Instrument, Periodic Payment, Principal		$ 16.5
Unamortized Deferred Financing Costs	$ 19.8	19.8	$ 23.1
Long-term Debt	1,589	1,589	1,598
Long-term Debt, Fair Value	1,568.5	1,568.5	1,622.1
Interest Payable	$ 0.2	$ 0.2	0.1
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Long-term Debt, Gross					$ 100
Debt Instrument, Basis Spread on Variable Rate | Rate		3.75%
First Lien Net Leverage Ratio					6.25
Credit Facility Drawdown Floor for Application of First Lien Net Leverage Ratio | Rate					35%
Term Loan B (Original)
Line of Credit Facility [Line Items]
Long-term Debt, Gross				$ 1,650
Refinanced Term Loan B
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate | Rate	2.50%
Debt instrument face amount	$ 1,608.8	$ 1,608.8	$ 1,621.1
Interest Rate Floor [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate | Rate		0%
Interest Rate Floor [Member] | Refinanced Term Loan B
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate | Rate	0.75%

Debt - Interest Incurred (Detai

Debt - Interest Incurred (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Debt Disclosure [Abstract]
Interest Costs Incurred	$ 19,844	$ 18,462	$ 51,076	$ 61,018
Amortization of Debt Issuance Costs and Discounts	1,211	1,148	3,593	3,115
Interest Costs Capitalized	$ 725	$ 438	$ 1,589	$ 1,795

Derivatives (Details)

Derivatives (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	May 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Interest Rate Swap [Line Items]
Derivative, Gain (Loss) on Derivative, Net		$ 0.8	$ 1.8	$ 2.5	$ 6.6
Derivative, Gain on Derivative		$ 1.8		$ 1.8
Interest Rate Swap [Member]
Interest Rate Swap [Line Items]
Derivative, Fixed Interest Rate						1.565%
Interest Rate Swaption [Member]
Interest Rate Swap [Line Items]
Derivative, Fixed Interest Rate						0.50%
Proceeds from sale of derivative	$ 0.7
Interest Rate Cap
Interest Rate Swap [Line Items]
Derivative, Fixed Interest Rate		0.31%		0.31%		0.31%
Derivative, Cap Interest Rate		1.50%		1.50%		1.50%
Derivative, Notional Amount		$ 1,000		$ 1,000		$ 1,000
Interest Rate Cash Flow Hedge Asset at Fair Value		99.9		99.9		19.7
Interest Rate Cash Flow Hedge Liability at Fair Value		$ 11.7		$ 11.7		$ 14.8

Derivatives - Summary of Unreal

Derivatives - Summary of Unrealized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Unrealized gain, net of tax	$ 25,537	$ 3,040		$ 7,122
Tax expense	$ 7,740	$ 1,010	$ 19,392	$ 2,222

Stock-Based Compensation Narrat

Stock-Based Compensation Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, number of shares available for grant (in shares)			8,009,551
Share-based compensation, reduction in shares available for issuance by shares issued pursuant to any appreciation award (in shares)			1
Share-based compensation, strike price as a percentage of the fair market value of the underlying stock on the date of grant			100%
Share-based compensation, reduction in shares available for issuance by shares issued pursuant to any stock award that is not an appreciation award (in shares)			1.8
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Option Contractual Term			10 years	10 years
Share-based compensation, vesting period			4 years	4 years
Employee Stock Option | Vesting on first anniversary of grant date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting percentage, year one			25%	25%
Employee Stock Option | Share-based Payment Arrangement, Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, grant date fair value of stock options			$ 0	$ 0
Share-based compensation, options granted (in shares)			0	0
Employee Stock Option | Share-based Payment Arrangement, Employee [Member] | Vesting on the last day of each calendar quarter
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting percentage, year one			6.25%	6.25%
Service Based RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted - restricted stock units			1,012,000	461,000
Share-based compensation, grant date fair value of stock options			$ 41	$ 19.2
Service Based RSU | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted - restricted stock units			57,000	39,000
Share-based compensation, grant date fair value of stock options			$ 2.2	$ 1.6
Restricted Stock Units (RSUs) [Member] | Vesting on the last day of each calendar quarter | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting percentage, year one			150%	150%
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Nonemployee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted - restricted stock units			7,000	2,000
Share-based compensation, grant date fair value of stock options			$ 0.3	$ 0.1
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Nonemployee [Member] | Vesting on first anniversary of grant date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting percentage, year one			50%	50%
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Nonemployee [Member] | Vesting on the last day of each calendar quarter
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting percentage, year one			12.50%	12.50%
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting period			4 years	4 years
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Employee [Member] | Vesting on first anniversary of grant date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting percentage, year one			25%	25%
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Employee [Member] | Vesting on the last day of each calendar quarter
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting percentage, year one			6.25%	6.25%
Restricted Stock Units (RSUs) [Member] | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Ratably Vest After			100%	100%
Restricted Stock Units (RSUs) [Member] | Director | Share-based Payment Arrangement, Nonemployee [Member] | Vesting on the last day of each calendar quarter
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting percentage, year one			100%	100%
Performance Based RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting period			1 year	1 year
Granted - restricted stock units			248,000	228,000
Share-based compensation, grant date fair value of stock options			$ 9.7	$ 9.5
Performance Based RSU | Executives
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting period			3 years	3 years
Granted - restricted stock units			167,000	110,000
Share-based compensation, grant date fair value of stock options			$ 6.5	$ 4.6
Share-based Compensation Arrangement by Share-based Payment Award, Award Performance Period			2 years	2 years
Share-based Compensation Arrangement by Share-based Payment Award, Other Share Increase (Decrease)	50,000	3,000
Performance Based RSU | Executives | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting percentage, year one			0%	0%
Performance Based RSU | Executives | Vesting on first anniversary of grant date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting percentage, year one			50%	50%
Performance Based RSU | Executives | Vesting on the last day of each calendar quarter
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, vesting percentage, year one			50%	50%
Outstanding Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted - restricted stock units			1,491,000	843,000

Stock-Based Compensation Activi

Stock-Based Compensation Activity of Company's Common Stock Options (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding
Options outstanding, beginning of period (in shares)	1,681	2,554	2,554
Cancelled or Expired (Shares)		(1)
Exercised (Shares)	(314)	(844)
Exercised (Dollar Value)	$ 11,244	$ 31,171
Forfeited (Shares)	(2)	(11)
Options outstanding, end of period (in shares)	1,365	1,698	1,681	2,554
Options exercisable, end of period (in shares)	1,345	1,592
Options exercisable and expected to vest, end of period (in shares)	1,365	1,698
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Options outstanding, beginning of period - weighted average exercise price per share	$ 9.35	$ 9.10	$ 9.10
Options cancelled or expired - weighted average exercise price per share		7.78
Options exercised - weighted average exercise price per share	7.78	8.46
Options forfeited - weighted average exercise price per share	14.24	15.45
Options outstanding, end of period - weighted average exercise price per share	9.70	9.38	$ 9.35	$ 9.10
Options exercisable, end of period - weighted average exercise price per share	9.52	8.73
Options exercisable, end of period - weighted average exercise price per share	$ 9.70	$ 9.37
Options outstanding, end of period - weighted average remaining contractual term (years)	2 years 9 months 21 days	3 years 6 months 14 days	3 years 3 months 10 days	3 years 11 months 8 days
Options exercisable, end of period - weighted average remaining contractual term (years)	2 years 9 months 3 days	3 years 3 months 21 days
Options exercisable and expected to vest, end of period - Weighted Average Remaining Contractual Term (Years)	2 years 9 months 21 days	3 years 6 months 14 days
Aggregate Intrinsic Value
Options outstanding, end of period - aggregate intrinsic value	$ 47,312	$ 51,755	$ 53,698	$ 77,182
Options exercisable, end of period - aggregate intrinsic value	46,855	49,552
Options exercisable and expected to vest, end of period - aggregate intrinsic value	$ 47,310	$ 51,732

Stock-Based Compensation Outsta

Stock-Based Compensation Outstanding RSUs (Details) - Outstanding Restricted Stock Units - $ / shares shares in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Shares Underlying RSUs
Outstanding - restricted stock units	2,550	2,664
Granted - restricted stock units	1,491	843
Forfeited - restricted stock units	(127)	(90)
Released - restricted stock units	(766)	(782)
Outstanding - restricted stock units	3,148	2,635
Vested and unreleased restricted stock units	885	860
Weighted- Average Grant Date Fair Value Per RSU
Outstanding - weighted average grant date fair value per RSU	$ 25.80	$ 18.96
Granted - weighted average grant date fair value per RSU	40.02	41.67
Forfeited - weighted average grant date fair value per RSU	31.85	28.41
Released - weighted average grant date fair value per RSU	32.73	21.22
Outstanding - weighted average grant date fair value per RSU	$ 30.60	$ 25.23

Equity Transactions (Details)

Equity Transactions (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Mar. 03, 2022	Dec. 31, 2021	Feb. 05, 2021	Dec. 31, 2014
Class of Stock [Line Items]
Total Authorized Preferred Stock, Number	2,000,000		2,000,000
Preferred stock, par value (in dollars per share)	$ 0.0001		$ 0.0001
Preferred stock, shares issued (in shares)								1,500,000
Shares of preferred stock, undesignated and unissued (in shares)	500,000		500,000			500,000
Stock Repurchase Program, Authorized Amount					$ 300		$ 300
Treasury Stock, Shares, Retired	1,800,000	100,000	6,500,000	3,400,000
Treasury Stock, Retired, Cost Method, Amount	$ 76.5	$ 2.6	$ 245.7	$ 125.1
Treasury Stock, Shares	100,000		100,000
Treasury Stock, Value	$ 3.7		$ 3.7
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 187.2		$ 187.2

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Liability, revenue recognized	$ 5.5	$ 10.6	$ 21.1	$ 32.4
Accounts Receivable [Member] | Customer Concentration Risk | Prime Contracts with the US Government [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage			30%	34%

Revenue - Summary of Service Re

Revenue - Summary of Service Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 184,060	$ 162,159	$ 527,198	$ 458,613
Voice and data
Disaggregation of Revenue [Line Items]
Revenue	50,256	45,737	143,621	130,444
IoT data
Disaggregation of Revenue [Line Items]
Revenue	33,786	30,040	92,857	82,018
Commercial Broadband Services [Member]
Disaggregation of Revenue [Line Items]
Revenue	13,589	11,461	37,200	31,531
Hosted payload and other data
Disaggregation of Revenue [Line Items]
Revenue	14,846	14,649	44,769	43,867
Services
Disaggregation of Revenue [Line Items]
Revenue	138,977	127,774	397,947	365,247
Services | Commercial
Disaggregation of Revenue [Line Items]
Revenue	112,477	101,887	318,447	287,860
Services | US Government [Member]
Disaggregation of Revenue [Line Items]
Revenue	26,500	25,887	79,500	77,387
Engineering and support services
Disaggregation of Revenue [Line Items]
Revenue	17,124	7,487	33,789	20,759
Engineering and support services | Commercial
Disaggregation of Revenue [Line Items]
Revenue	1,783	1,249	4,280	2,978
Engineering and support services | US Government [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 15,341	$ 6,238	$ 29,509	$ 17,781

Revenue - Summary of Contract C

Revenue - Summary of Contract Costs (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Commissions
Capitalized Contract Cost [Line Items]
Contract Assets	$ 1,471	$ 1,190
Other contract costs
Capitalized Contract Cost [Line Items]
Contract Assets	2,330	2,558
Unbilled Revenues
Capitalized Contract Cost [Line Items]
Contract Assets	$ 14,693	$ 10,752

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income (loss) before income taxes	$ 96	$ (3,545)	$ 10,543	$ (23,477)
Income tax benefit (expense)	$ 2,053	$ 1,460	$ (1,013)	$ 20,042
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%	21%	21%

Net Income (Loss) Per Share - S

Net Income (Loss) Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income (loss) - diluted	$ 2,149	$ (2,085)	$ 9,530	$ (3,435)
Weighted Average Number of Shares Outstanding, Basic	127,697	132,869	128,800	133,763
Weighted Average Number of Shares Outstanding, Diluted	129,075	132,869	130,284	133,763
Earnings Per Share, Basic and Diluted	$ 0.02	$ (0.02)	$ 0.07	$ (0.03)
Employee Stock Option
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Dilutive Securities, Effect on Basic Earnings Per Share, Options and Restrictive Stock Units	921	0	974	0
Restricted Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Dilutive Securities, Effect on Basic Earnings Per Share, Options and Restrictive Stock Units	457	0	510	0

Net Income (Loss) Per Share - A

Net Income (Loss) Per Share - Anti-Dilutive Shares (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Performance Based RSU
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earnings per share	0	49	0	101
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earnings per share	0	404	0	547
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earnings per share	0	1,130	0	1,236

Related Party Transactions Rela

Related Party Transactions Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Related Party Transaction, Due from (to) Related Party, Current	$ 3.6		$ 3.6
Nonconsolidated Investees, Other
Related Party Transaction [Line Items]
Ownership stake	39.50%		39.50%		35.70%
Aireon 2022 Preferred Equity Investment
Related Party Transaction [Line Items]
Payments for (Proceeds from) Investments			$ 50
Ownership stake	6%		6%
Equity Method Investments	$ 50		$ 50		$ 0
Aireon Investor Bridge Loan
Related Party Transaction [Line Items]
Investor Bridge Loan Commitment	10.7		10.7		10.7
Equity Method Investee | Hosting Agreement
Related Party Transaction [Line Items]
Revenue from related parties	4	$ 4	12	$ 12
Equity Method Investee | Service Agreements [Member]
Related Party Transaction [Line Items]
Revenue from related parties	5.9	$ 5.9	17.6
Equity Method Investee | Administrative and support agreement accounts receivable
Related Party Transaction [Line Items]
Related Party Transaction, Due from (to) Related Party	$ 2.1		2.1		$ 2.2
Aireon 2022 Preferred Equity Investment
Related Party Transaction [Line Items]
Payments for (Proceeds from) Investments				$ 17.6
Maximum [Member] | Equity Method Investee | Hosting Agreement
Related Party Transaction [Line Items]
Revenue from related parties			200
Maximum [Member] | Equity Method Investee | Power Agreement [Member]
Related Party Transaction [Line Items]
Revenue from related parties			3.7
Maximum [Member] | Equity Method Investee | Service Agreements [Member]
Related Party Transaction [Line Items]
Revenue from related parties			19.8
Minimum [Member] | Equity Method Investee | Hosting Agreement
Related Party Transaction [Line Items]
Revenue from related parties			$ 70.5