0001007587-22-000003 | 10-K | XBRL Viewer

Issuance of common stock under employee stock purchase plan (in shares)

(465)

^[1]

(465)

Stock-based compensation

3,462

44,000

Issuance of common stock under employee stock purchase plan

336

Acquisition of treasury stock (in shares)

(36,000)

Acquisition of treasury stock

(390)

$ (390)

Exercise of stock options and issuance of restricted stock awards, net of forfeitures (in shares)

420,000

Exercise of stock options and issuance of restricted stock awards, net of forfeitures

$ 892

$ 5

887

Ending Balance, treasury stock (in shares) at Dec. 31, 2020

(1,432,694)

(1,433,000)

Ending Balance (in shares) at Dec. 31, 2020

18,429,840

19,863,000

Ending Balance at Dec. 31, 2020

$ 131,884

$ 199

149,170

(2,402)

(3,232)

$ (11,851)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net loss

(9,763)

Issuance of common stock under employee stock purchase plan (in shares)

(177)

^[1]

(177)

Stock-based compensation

4,109

26,000

Issuance of common stock under employee stock purchase plan

215

Exercise of stock options and issuance of restricted stock awards, net of forfeitures (in shares)

454,000

Exercise of stock options and issuance of restricted stock awards, net of forfeitures

$ 2,709

$ 4

2,705

Ending Balance, treasury stock (in shares) at Dec. 31, 2021

(1,432,694)

(1,433,000)

Ending Balance (in shares) at Dec. 31, 2021

19,862,534

20,343,000

Ending Balance at Dec. 31, 2021

$ 128,977

$ 203

$ 156,199

$ (12,165)

$ (3,409)

$ (11,851)

[1]	Tax impact was nominal for all periods.

Leases - Narrative (Details) $ in Thousands	3 Months Ended	12 Months Ended
Leases - Narrative (Details) $ in Thousands	Mar. 31, 2021 satellite_hub	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Mar. 31, 2018 hub
Lessee, Lease, Description [Line Items]
Lease expense		$ 3,963	$ 3,413
Short-term operating lease costs		237	244
Sublease Income		134
Finance lease term				5 years
Number of satellite hubs leased \| hub				3
Number of satellite hubs disposed \| satellite_hub	2
Property and equipment, gross		124,374	114,265
Capital assets, depreciation expense		181
Net investment in lease, current		3,881
Net investment in lease, noncurrent		6,777
Interest income		$ 882	859
Lease term		3 years
Operating lease asset		$ 1,444
Lease, accumulated depreciation		154
Operating lease depreciation		$ 154
Useful life		5 years
Lease revenue		$ 243
Minimum
Lessee, Lease, Description [Line Items]
Sales-type leases, term of contracts		3 years
Maximum
Lessee, Lease, Description [Line Items]
Sales-type leases, term of contracts		5 years
Assets held under capital leases
Lessee, Lease, Description [Line Items]
Leased assets, useful life		7 years
Assets Held Under Finance Leases
Lessee, Lease, Description [Line Items]
Property and equipment, gross		$ 1,268	$ 710

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of allowance for doubtful accounts

Activity within the Company’s allowance for doubtful accounts for the periods presented is as follows:


	2021		2020
Beginning balance	$	1,596	$	1,589
Additions (subtractions)	530		333
Deductions (write-offs/recoveries) from reserve	(490)		(326)
Ending balance	$	1,636	$	1,596

Summary of product warranty activity

The following table summarizes product warranty activity during 2021 and 2020:


	2021		2020
Beginning balance	$	1,812	$	2,194
Charges to expense	457		1,091
Costs incurred	(1,090)		(1,473)
Ending balance	$	1,179	$	1,812

Revenue and related development costs from customer-funded research and development are as follows:


	Year Ended December 31,
	2021		2020
Customer-funded service sales	$	363	$	2,043
Customer-funded costs included in costs of service sales	$	803	$	2,935

Schedule of reconciliation of basic and diluted weighted average common shares outstanding

A reconciliation of the basic and diluted weighted average common shares outstanding is as follows:


	December 31,
	2021	2020
Weighted average common shares outstanding—basic	18,217	17,669
Dilutive common shares issuable in connection with stock plans	—	—
Weighted average common shares outstanding—diluted	18,217	17,669

Commitment and Contingencies - Schedule of Operating Lease Liabilities and Other Commitments (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2022	$ 29,679
2023	28,190
2024	5,041
2025	44
2026	2
Total minimum payments	$ 62,956

Goodwill and Intangible Assets - Intangibles Rollforward (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Intangible Assets [Roll Forward]
Balance at December 31, 2020	$ 2,254
Amortization expense	(1,027)
Intangibles assets acquired in asset acquisition	62
Foreign currency translation adjustment	(2)
Balance at December 31, 2021	$ 1,287

Leases - Future Minimum Operating Lease Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
2022	$ 2,033
2023	819
2024	428
2025	38
Total undiscounted lease payments	3,318
Less amount representing interest	(182)
Present value of operating lease liabilities	3,136
Less current installments of obligation under current-operating lease liabilities	1,912	$ 3,826
Obligations under long-term operating lease liabilities, excluding current installments	$ 1,224	$ 3,204
Weighted-average remaining lease term - operating leases	1 year 11 months 19 days
Weighted-average discount rate - operating leases	5.50%

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property, plant and equipment

Property and equipment, net, as of December 31, 2021 and 2020 consist of the following:


	December 31,
	2021		2020
Land	$	3,828	$	3,828
Building and improvements	24,271		24,197
Leasehold improvements	472		482
Revenue-generating assets	63,587		56,336
Machinery and equipment	16,790		15,536
Office and computer equipment	15,395		13,855
Motor vehicles	31		31
	124,374		114,265
Less accumulated depreciation	(64,260)		(57,992)
	$	60,114	$	56,273

Summary of Significant Accounting Policies - Allowance For Doubtful Accounts Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Beginning balance	$ 1,596	$ 1,589
Additions (subtractions)	530	333
Deductions (write-offs/recoveries) from reserve	(490)	(326)
Ending balance	$ 1,636	$ 1,596

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 11,231	$ 11,171
Accumulated Amortization	9,944	8,917
Net Carrying Value	1,287	2,254
Amortization of Intangible Assets	1,027
Subscriber relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	8,033	7,977
Accumulated Amortization	6,746	5,958
Net Carrying Value	1,287	2,019
Distribution rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	315	311
Accumulated Amortization	315	76
Net Carrying Value	0	235
Internally developed software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	446	446
Accumulated Amortization	446	446
Net Carrying Value	0	0
Proprietary content
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	153	153
Accumulated Amortization	153	153
Net Carrying Value	0	0
Intellectual property
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,284	2,284
Accumulated Amortization	2,284	2,284
Net Carrying Value	0	0
General administrative expense
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 1,027	$ 1,004

Segment Reporting - Depreciation and Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Depreciation	$ 13,574	$ 10,659
Amortization expense	1,027	1,004
Operating Segments \| Mobile Connectivity
Segment Reporting Information [Line Items]
Depreciation	11,322	8,726
Amortization expense	1,027	1,004
Operating Segments \| Intertial Navigation
Segment Reporting Information [Line Items]
Depreciation	1,569	1,325
Amortization expense	0	0
Unallocated, net
Segment Reporting Information [Line Items]
Depreciation	683	608
Amortization expense	$ 0	$ 0

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On March 6, 2022, the Company's President and Chief Executive Officer, Martin Kits van Heyningen retired from his executive and Board roles after more than 40 years of service. The Board of Directors has engaged an executive search firm to identify a new Chief Executive Officer. Brent C. Bruun, the Company’s Chief Operating Officer, has been appointed as its interim President and Chief Executive Officer. In March 2022, the Company also restructured its operations to reduce costs and better reflect a more focused strategy, which resulted in an approximately 10% reduction in its workforce.

Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Future minimum lease payments under operating leases

Maturities of lease liabilities as of December 31, 2021 under operating leases having an initial or remaining non-cancelable term of one year or more are as follows:


Years ending December 31,
2022	$	2,033
2023	819
2024	428
2025	38

Total undiscounted lease payments	$	3,318

Less amount representing interest	$	(182)
Present value of operating lease liabilities	$	3,136
Less current installments of obligation under current-operating lease liabilities	$	1,912
Obligations under long-term operating lease liabilities, excluding current installments	$	1,224

Weighted-average remaining lease term - operating leases (years)	1.97
Weighted-average discount rate - operating leases	5.50		%

Schedule of future minimum capital lease payments

The future undiscounted lease payments under this financing lease as of December 31, 2021 are:



2022	$	264
2023	22

Total undiscounted lease payments	$	286

Less amount representing interest	$	(3)
Present value of financing lease liabilities	$	283
Less current installments of obligation under accrued other	$	261
Obligations under other long-term liabilities, excluding current installments	$	22

Weighted-average remaining lease term - finance leases (years)	1.17
Weighted-average discount rate - finance leases	1.53		%

Sales-type lease, future undiscounted cash flows

The future undiscounted cash flows from these leases as of December 31, 2021 are:


2022	$	4,589
2023	3,479
2024	2,540
2025	1,160
2026	340
Total undiscounted cash flows	$	12,108

Present value of lease payments	$	10,658
Difference between undiscounted cash flows and discounted cash flows	$	1,450

Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity

As of December 31, 2021, minimum future lease payments to be received on the operating leases are as follows:



2022	445
2023	444
2024	202
Total	$	1,091

Revenue from Contracts with Customers (ASC 606) (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table summarizes net sales from contracts with customers for the years ended December 31, 2021 and 2020:


	Year Ended December 31,
	2021		2020
Mobile connectivity product, transferred at point in time	$	27,490	$	25,140
Mobile connectivity product, transferred over time	2,522		2,723
Mobile connectivity service	103,899		91,590
Inertial navigation product	36,858		36,756
Inertial navigation service	998		2,524
Total net sales	$	171,767	$	158,733

Fair Value Measurements - Narrative (Details) - USD ($)	3 Months Ended	12 Months Ended
Fair Value Measurements - Narrative (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Goodwill and intangible impairment charges	$ 10,490,000	$ 0	$ 10,490,000

Inventories

12 Months Ended

Dec. 31, 2021

Inventory Disclosure [Abstract]

Inventories

Inventories are stated at the lower of cost and net realizable value using the first-in first-out costing method. Inventories as of December 31, 2021 and 2020 include the costs of material, labor, and factory overhead. Components of inventories consist of the following:


	December 31,
	2021		2020
Raw materials	$	15,772	$	13,957
Work in process	4,035		3,996
Finished goods	4,833		6,721
	$	24,640	$	24,674

Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 124,374	$ 114,265
Less accumulated depreciation	(64,260)	(57,992)
Property and equipment, net	60,114	56,273
Depreciation	13,574	10,659
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,828	3,828
Building and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	24,271	24,197
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	472	482
Revenue-generating assets
Property, Plant and Equipment [Line Items]
Property and equipment, gross	63,587	56,336
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	16,790	15,536
Office and computer equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	15,395	13,855
Motor vehicles
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 31	$ 31

Subsequent Events (Details)	Mar. 10, 2022
Subsequent Event
Subsequent Event [Line Items]
Percent reduction in workforce	10.00%

Consolidated Statements of Comprehensive Loss - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Statement of Comprehensive Income [Abstract]

Net loss

$ (9,763)

$ (21,940)

Other comprehensive loss, net of tax:

Foreign currency translation adjustment

(177)

(465)

^[1]

(177)

(465)

Total comprehensive loss

$ (9,940)

$ (22,405)

[1]	Tax impact was nominal for all periods.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Amount of tax expense (benefit) allocated to other comprehensive income (loss).

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Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of finite-lived intangible assets

The following table summarizes acquired intangible assets at December 31, 2021 and 2020, respectively:


	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
December 31, 2021
Subscriber relationships	$	8,033	$	6,746	$	1,287
Distribution rights	315		315		—
Internally developed software	446		446		—
Proprietary content	153		153		—
Intellectual property	2,284		2,284		—
	$	11,231	$	9,944	$	1,287
December 31, 2020
Subscriber relationships	$	7,977	$	5,958	$	2,019
Distribution rights	311		76		235
Internally developed software	446		446		—
Proprietary content	153		153		—
Intellectual property	2,284		2,284		—
	$	11,171	$	8,917	$	2,254

As of December 31, 2021, the total weighted average remaining useful lives of the definite-lived intangible assets was 1.5 years and the weighted average remaining useful lives by the definite-lived intangible asset category are as follows:


Intangible Asset			Weighted Average Remaining Useful Life in Years
Subscriber relationships			1.5

The changes in the carrying amount of intangible assets during the year ended December 31, 2021 is as follows:


	2021
Balance at December 31, 2020	$	2,254
Amortization expense	(1,027)
Intangibles assets acquired in asset acquisition	62

Foreign currency translation adjustment	(2)
Balance at December 31, 2021	$	1,287

Schedule of finite-lived intangible assets, future amortization expense

Estimated future amortization expense for intangible assets recorded by the Company at December 31, 2021 is as follows:


Years ending December 31,	Amortization Expense
2022	$	782
2023	315
2024	60
2025	60
2026	60
Thereafter	10
Total amortization expense	$	1,287

Schedule of goodwill

The changes in the carrying amount of goodwill during the year ended December 31, 2021 is as follows:


	Goodwill
Balance at December 31, 2020	$	6,592

Foreign currency translation adjustment	(22)
Balance at December 31, 2021	$	6,570

Stockholders' Equity - Restricted Stock Outstanding Rollforward (Details) - Restricted stock - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Number of Shares
Outstanding at December 31, unvested (in shares)	556
Granted (in shares)	217	317
Vested (in shares)	(247)
Forfeited (in shares)	(37)
Outstanding at December 31, unvested (in shares)	489	556
Weighted- average grant date fair value
Outstanding at December 31, unvested (in dollars per share)	$ 8.90
Granted (in dollars per share)	12.23	$ 8.19
Vested (in dollars per share)	9.18
Forfeited (in dollars per share)	9.46
Outstanding at December 31, unvested (in dollars per share)	$ 10.19	$ 8.90

Marketable Securities (Tables)

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Available-for-sale securities

Marketable securities as of December 31, 2021 and 2020 consisted of the following:


December 31, 2021	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Money market mutual funds	$	13,147	$	—	$	—	$	13,147

Total marketable securities designated as available-for-sale	$	13,147	$	—	$	—	$	13,147


December 31, 2020	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Money market mutual funds	$	20,142	$	—	$	—	$	20,142


United States treasuries	4,999		—		—		4,999
Total marketable securities designated as available-for-sale	$	25,141	$	—	$	—	$	25,141

Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Lessee

The Company has operating leases for office facilities, equipment, and satellite service capacity and related equipment. Lease expense was $3,963 and $3,413 for the year ended December 31, 2021 and 2020, respectively. Short-term operating lease costs was $237 and $244 for the years ended December 31, 2021 and 2020, respectively. Sublease income was $134 for both the years ended December 31, 2021 and 2020. Maturities of lease liabilities as of December 31, 2021 under operating leases having an initial or remaining non-cancelable term of one year or more are as follows:


Years ending December 31,
2022	$	2,033
2023	819
2024	428
2025	38

Total undiscounted lease payments	$	3,318

Less amount representing interest	$	(182)
Present value of operating lease liabilities	$	3,136
Less current installments of obligation under current-operating lease liabilities	$	1,912
Obligations under long-term operating lease liabilities, excluding current installments	$	1,224

Weighted-average remaining lease term - operating leases (years)	1.97
Weighted-average discount rate - operating leases	5.50		%

During the first quarter of 2018, the Company entered into a five-year financing lease for three satellite hubs for its HTS network. During the first quarter of 2021, the terms of this lease were adjusted and the Company discontinued use of two satellite hubs and was released from the related payment obligation in exchange for additional satellite service capacity. As of December 31, 2021, the gross costs and accumulated depreciation associated with this lease are included in revenue generating

assets and amounted to $1,268 and $710, respectively. The obligations under financing leases are stated at the present value of minimum lease payments.

The property and equipment held under this financing lease are amortized on a straight‑line basis over the seven-year estimated useful life of the asset, since the lease meets the bargain purchase option criteria. Amortization of assets held under financing leases is included within depreciation expense. Depreciation expense for the remaining capital assets was $181 for both the years ended December 31, 2021 and 2020.

The future undiscounted lease payments under this financing lease as of December 31, 2021 are:



2022	$	264
2023	22

Total undiscounted lease payments	$	286

Less amount representing interest	$	(3)
Present value of financing lease liabilities	$	283
Less current installments of obligation under accrued other	$	261
Obligations under other long-term liabilities, excluding current installments	$	22

Weighted-average remaining lease term - finance leases (years)	1.17
Weighted-average discount rate - finance leases	1.53		%

Lessor

The Company enters into leases with certain customers primarily for the TracPhone mini-VSAT systems. These leases are classified as sales-type leases as title of the equipment transfers to the customer at the end of the lease term. The Company records the leases at a price typically equivalent to normal selling price and in excess of the cost or carrying amount. Upon delivery, the Company records the net present value of all payments under these leases as product revenue, and the related costs of the product are charged to cost of sales. Interest income is recognized throughout the lease term (typically three to five years) using an implicit interest rate. The sales-type leases do not have unguaranteed residual assets.

The current portion of the net investment in these leases was $3,881 as of December 31, 2021 and the non-current portion of the net investment in these leases was $6,777 as of December 31, 2021. The current portion of the net investment in the leases is included in accounts receivable, net of allowance for doubtful accounts on the accompanying consolidated balance sheets and the non-current portion of the net investment in these leases is included in other non-current assets on the accompanying consolidated balance sheets. Interest income from sales-type leases was $882 and $859 during the year ended December 31, 2021 and 2020, respectively.

The future undiscounted cash flows from these leases as of December 31, 2021 are:


2022	$	4,589
2023	3,479
2024	2,540
2025	1,160
2026	340
Total undiscounted cash flows	$	12,108

Present value of lease payments	$	10,658
Difference between undiscounted cash flows and discounted cash flows	$	1,450

In 2021, the Company entered into three-year leases for its TracPhone mini-VSAT systems, in which ownership of the hardware does not transfer to the lessee by the end of the lease term. As a result, and in light of other factors indicated in ASC 842, these leases are classified as operating leases.

As of December 31, 2021, the gross costs and accumulated depreciation associated with these operating leases are included in revenue generating assets and amounted to $1,444 and $154, respectively. They are depreciated on a straight-line basis over a five-year estimated useful life. Depreciation expense for these assets was $154 for the year ended December 31, 2021.

For the year ended December 31, 2021, lease revenue of $243 was recognized in service sales in the statements of operations.

As of December 31, 2021, minimum future lease payments to be received on the operating leases are as follows:



2022	445
2023	444
2024	202
Total	$	1,091

Lessee


Years ending December 31,
2022	$	2,033
2023	819
2024	428
2025	38

Total undiscounted lease payments	$	3,318

Less amount representing interest	$	(182)
Present value of operating lease liabilities	$	3,136
Less current installments of obligation under current-operating lease liabilities	$	1,912
Obligations under long-term operating lease liabilities, excluding current installments	$	1,224

Weighted-average remaining lease term - operating leases (years)	1.97
Weighted-average discount rate - operating leases	5.50		%

assets and amounted to $1,268 and $710, respectively. The obligations under financing leases are stated at the present value of minimum lease payments.

The future undiscounted lease payments under this financing lease as of December 31, 2021 are:



2022	$	264
2023	22

Total undiscounted lease payments	$	286

Less amount representing interest	$	(3)
Present value of financing lease liabilities	$	283
Less current installments of obligation under accrued other	$	261
Obligations under other long-term liabilities, excluding current installments	$	22

Weighted-average remaining lease term - finance leases (years)	1.17
Weighted-average discount rate - finance leases	1.53		%

Lessor

The future undiscounted cash flows from these leases as of December 31, 2021 are:


2022	$	4,589
2023	3,479
2024	2,540
2025	1,160
2026	340
Total undiscounted cash flows	$	12,108

Present value of lease payments	$	10,658
Difference between undiscounted cash flows and discounted cash flows	$	1,450

For the year ended December 31, 2021, lease revenue of $243 was recognized in service sales in the statements of operations.

As of December 31, 2021, minimum future lease payments to be received on the operating leases are as follows:



2022	445
2023	444
2024	202
Total	$	1,091

Schedule of assets and liabilities measured at fair value on recurring basis

Lessee


Years ending December 31,
2022	$	2,033
2023	819
2024	428
2025	38

Total undiscounted lease payments	$	3,318

Less amount representing interest	$	(182)
Present value of operating lease liabilities	$	3,136
Less current installments of obligation under current-operating lease liabilities	$	1,912
Obligations under long-term operating lease liabilities, excluding current installments	$	1,224

Weighted-average remaining lease term - operating leases (years)	1.97
Weighted-average discount rate - operating leases	5.50		%

assets and amounted to $1,268 and $710, respectively. The obligations under financing leases are stated at the present value of minimum lease payments.

The future undiscounted lease payments under this financing lease as of December 31, 2021 are:



2022	$	264
2023	22

Total undiscounted lease payments	$	286

Less amount representing interest	$	(3)
Present value of financing lease liabilities	$	283
Less current installments of obligation under accrued other	$	261
Obligations under other long-term liabilities, excluding current installments	$	22

Weighted-average remaining lease term - finance leases (years)	1.17
Weighted-average discount rate - finance leases	1.53		%

Lessor

The future undiscounted cash flows from these leases as of December 31, 2021 are:


2022	$	4,589
2023	3,479
2024	2,540
2025	1,160
2026	340
Total undiscounted cash flows	$	12,108

Present value of lease payments	$	10,658
Difference between undiscounted cash flows and discounted cash flows	$	1,450

For the year ended December 31, 2021, lease revenue of $243 was recognized in service sales in the statements of operations.

As of December 31, 2021, minimum future lease payments to be received on the operating leases are as follows:



2022	445
2023	444
2024	202
Total	$	1,091

Leases - Schedule of Future Minimum Lease Payments To Be Received (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Leases [Abstract]
2022	$ 445
2023	444
2024	202
Total	$ 1,091

Marketable Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 13,147	$ 25,141
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	13,147	25,141
Money market mutual funds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	13,147	20,142
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	$ 13,147	20,142
United States treasuries
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		4,999
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Fair Value		$ 4,999

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Assets and liabilities measured at fair value are based the valuation techniques identified in the table below. The valuation techniques are:

(a)Market approach—prices and other relevant information generated by market transactions involving identical or comparable assets.

The following tables present financial assets and liabilities at December 31, 2021 and December 31, 2020 for which the Company measures fair value on a recurring basis, by level, within the fair value hierarchy:


December 31, 2021	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets
Money market mutual funds	$	13,147	$	13,147	$	—	$	—	(a)

December 31, 2020	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets
Money market mutual funds	$	20,142	$	20,142	$	—	$	—	(a)
United States treasuries	$	4,999	$	4,999	$	—	$	—	(a)

Segment Reporting

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Reporting

The Company's reportable segments are mobile connectivity and inertial navigation. The financial results of each segment are based on revenues from external customers, costs of revenue and operating expenses that are directly attributable to the segment and an allocation of costs from shared functions. These shared functions include, but are not limited to, facilities, human resources, information technology, and engineering. Allocations are made based on management’s judgment of the most relevant factors, such as head count, number of customer sites, or other operational data that contribute to the shared costs. Certain corporate-level costs have not been allocated as they are not directly attributable to either segment. These costs primarily consist of broad corporate functions, including executive, legal, finance, and costs associated with corporate actions. Segment-level asset information has not been provided as such information is not reviewed by the chief operating decision-maker for purposes of assessing segment performance and allocating resources. There are no significant inter-segment sales or transactions.

The Company's performance is impacted by the levels of activity in the marine and land mobile markets and defense sectors, among others. Performance in any particular period could be impacted by the timing of sales to certain large customers.

The mobile connectivity segment primarily manufactures and distributes a comprehensive family of mobile satellite antenna products and services that provide access to television, the Internet and voice services while on the move. Product sales within the mobile connectivity segment accounted for approximately 17% and 18% of our consolidated net sales for 2021 and 2020, respectively. Sales of mini-VSAT Broadband airtime service accounted for approximately 54% and 51% of our consolidated net sales for 2021 and 2020, respectively.

The inertial navigation segment manufactures and distributes a portfolio of digital compass and fiber optic gyro (FOG)-based systems that address the rigorous requirements of military and commercial customers and provide reliable, easy-to-use and continuously available navigation and pointing data. The principal product categories in this segment include the FOG-based inertial measurement units (IMUs) for precision guidance, FOGs for tactical navigation as well as pointing and stabilization systems, and digital compasses that provide accurate heading information for demanding applications, security, automation and access control equipment and systems. Sales of FOG-based guidance and navigation systems within the inertial navigation segment accounted for approximately 16% of consolidated net sales for both 2021 and 2020.

No other single product class accounts for 10% or more of consolidated net sales.

The Company operates in a number of major geographic areas, including internationally. Revenues from international locations primarily include Canada, European Union countries, and other European countries, as well as countries in Africa, Asia/Pacific, the Middle East, and India. Revenues are based upon customer location and internationally represented 60% and 64% of consolidated net sales for 2021 and 2020, respectively. Sales to Singapore customers represented 11% of the Company's consolidated net sales for 2021. No other individual foreign country represented 10% or more of the Company's consolidated net sales for 2021. No individual foreign country represented 10% or more of the Company's consolidated net sales for 2020.

As of December 31, 2021 and 2020, the long-lived tangible assets related to the Company’s international subsidiaries were less than 10% of the Company’s long-lived tangible assets and were deemed not material.

Net sales and operating income (loss) for the Company's reporting segments and the Company's loss before income tax (benefit) expense for the years ended December 31, 2021 and 2020 were as follows:


	For the year ended December 31,
	2021		2020
Net sales:
Mobile connectivity	$	133,911	$	119,453
Inertial navigation	37,856		39,280
Consolidated net sales	$	171,767	$	158,733

Operating income (loss):
Mobile connectivity (1)	$	2,749	$	(10,071)
Inertial navigation	1,649		4,799
Subtotal	4,398		(5,272)
Unallocated, net	(22,344)		(17,665)
Loss from operations	(17,946)		(22,937)
Net interest and other income	8,075		1,171
Loss before income tax (benefit) expense	$	(9,871)	$	(21,766)

(1) Includes an impairment charge of $10,490 for the KVH Media Group reporting unit within the mobile connectivity segment for the year ended December 31, 2020.

Depreciation expense and amortization expense for the Company's segments are presented in the table that follows for the periods presented:


	For the year ended December 31,
	2021		2020
Depreciation expense:
Mobile connectivity	$	11,322	$	8,726
Inertial navigation	1,569		1,325
Unallocated	683		608
Total consolidated depreciation expense	$	13,574	$	10,659

Amortization expense:
Mobile connectivity	$	1,027	$	1,004
Inertial navigation	—		—
Unallocated	—		—
Total consolidated amortization expense	$	1,027	$	1,004

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Investments, Debt and Equity Securities [Abstract]

Income Taxes - Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Increase (decrease) in income taxes resulting from:
Income tax benefit at Federal statutory income tax rate	$ (2,073)	$ (4,571)
State income tax benefit, net of federal benefit	(342)	(600)
State research and development, investment credits	(137)	(213)
Non-deductible meals & entertainment	1	22
Non-deductible stock compensation expense	(194)	19
Non-deductible compensation under 162(m)	35	0
Foreign tax rate differential	58	235
Federal research and development credits	(607)	(707)
Uncertain tax positions	32	39
Provision to tax return adjustments	33	144
Change in valuation allowance	4,648	3,980
PPP loan forgiveness	(1,455)	0
Impairment of goodwill and intangibles	0	1,834
Prior period adjustments	(117)	0
Other	10	(8)
Income tax (benefit) expense	$ (108)	$ 174

Marketable Securities

12 Months Ended

Dec. 31, 2021

Marketable Securities

Marketable securities as of December 31, 2021 and 2020 consisted of the following:


December 31, 2021	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Money market mutual funds	$	13,147	$	—	$	—	$	13,147

Total marketable securities designated as available-for-sale	$	13,147	$	—	$	—	$	13,147


December 31, 2020	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Money market mutual funds	$	20,142	$	—	$	—	$	20,142


United States treasuries	4,999		—		—		4,999
Total marketable securities designated as available-for-sale	$	25,141	$	—	$	—	$	25,141

The effective maturity date of the United States treasuries is less than one year.

Interest income from marketable securities was $6 and $135 for the years ended December 31, 2021 and 2020, respectively.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Principles of Consolidation

Principles of ConsolidationThe accompanying consolidated financial statements of KVH Industries, Inc. and its wholly owned subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America. All of the operating expenses of the subsidiaries that serve as the Company’s European, Singaporean, Japanese, and Brazilian international distributors are reflected within sales, marketing, and support within the accompanying consolidated statements of operations. All significant intercompany accounts and transactions have been eliminated in consolidation.

Significant Estimates and Assumptions and Other Significant Non-Recurring Transactions

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of sales and expenses during the reporting periods. The 2021 consolidated financial statements reflect a $6,979 gain in other income related to the U.S. Small Business Administration’s forgiveness of the PPP loan during the third quarter of 2021. See Note 5. The 2020 consolidated financial statements reflect a $10,490 goodwill and intangible impairment charge on the KVH Media Group reporting unit within the mobile connectivity segment. See Note 1(k) and Note 9. On an on-going basis, the Company evaluates its significant estimates, including those related to terminal values and other assumptions and estimates used to evaluate the recoverability of long-lived assets and goodwill and estimated fair values of long-lived assets, including goodwill, amortization methods and periods.

Although the Company regularly assesses these estimates, actual results could differ materially from these estimates. Changes in estimates are recorded in the period in which they become known. The Company bases its estimates on historical experience and various other assumptions that it believes to be reasonable under the circumstances.

Concentration of Credit Risk and Single Source Suppliers

Cash, cash equivalents and marketable securities. The Company is potentially subject to financial instrument concentration of credit risk through its cash, cash equivalent and marketable securities investments. To mitigate these risks the Company maintains cash, cash equivalents and marketable securities with reputable and nationally recognized financial institutions. As of December 31, 2021, $13,147 classified as marketable securities was held by Wells Fargo and substantially all of the cash and cash equivalents were held by Bank of America, N.A. See Note 2 for a description of marketable securities.

Trade accounts receivable. Concentrations of risk (see Note 11) with respect to trade accounts receivable are generally limited due to the large number of customers and their dispersion across several geographic areas. Although the Company does not foresee that credit risk associated with these receivables will deviate from historical experience, repayment is dependent upon the financial stability of those individual customers. The Company establishes allowances for potential bad debts and evaluates, on a monthly basis, the adequacy of those reserves based upon historical experience and its expectations for future collectability concerns. The Company performs ongoing credit evaluations of the financial condition of its customers and generally does not require collateral. Activity within the Company’s allowance for doubtful accounts for the periods presented is as follows:


	2021		2020
Beginning balance	$	1,596	$	1,589
Additions (subtractions)	530		333
Deductions (write-offs/recoveries) from reserve	(490)		(326)
Ending balance	$	1,636	$	1,596

Revenue and operations. Certain components from third parties used in the Company’s products are procured from single sources of supply. The failure of a supplier, including a subcontractor, to deliver on schedule could delay or interrupt the Company’s delivery of products and thereby materially adversely affect the Company’s revenues and operating results.

Revenue Recognition / Shipping and Handling Costs

Revenue Recognition

In accordance with Accounting Standards Codification (ASC) 606, revenue is recognized when a customer obtains control of promised products and services. The amount of revenue recognized reflects the consideration which the Company expects to be entitled to receive in exchange for these products and services. To achieve this core principle, the Company applies the following five steps:

1) Identify the contract with a customer

A contract with a customer exists when (i) the Company enters into an enforceable contract with a customer that defines each party’s rights regarding the products and services to be transferred and identifies the payment terms related to these products and services, (ii) the contract has commercial substance, and (iii) the Company determines that collection of substantially all consideration for products and services that are transferred is probable based on the customer’s intent and ability to pay the promised consideration. The Company applies judgment in determining the customer’s ability and intention to pay, which is based on a variety of factors, including the customer’s historical payment pattern or, in the case of a new customer, published credit and financial information pertaining to the customer.

2) Identify the performance obligations in the contract

Performance obligations promised in a contract are identified based on the products and services that will be transferred to the customer that are both capable of being distinct, whereby the customer can benefit from the product or service either on its own or together with other resources that are readily available from third parties or from the Company, and are distinct in the context of the contract, whereby the transfer of the product or service is separately identifiable from other promises in the contract. To the extent a contract includes multiple promised products and services, the Company must apply judgment to determine whether promised products and services are capable of being distinct and distinct in the context of the contract. If these criteria are not met, the promised products and services are accounted for as a combined performance obligation.

3) Determine the transaction price

The transaction price is determined based on the consideration to which the Company will be entitled in exchange for transferring products and services to the customer. To the extent the transaction price includes variable consideration, the Company estimates the amount of variable consideration that should be included in the transaction price utilizing either the expected value method or the most likely amount method, depending on the nature of the variable consideration. Variable consideration is included in the transaction price if, in the Company’s judgment, it is probable that a significant future reversal of cumulative revenue under the contract will not occur.

4) Allocate the transaction price to performance obligations in the contract

If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. However, if a series of distinct products or services that are substantially the same qualify as a single performance obligation in a contract with variable consideration, the Company must determine if the variable consideration is attributable to the entire contract or to a specific part of the contract. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on a relative standalone selling price basis unless the transaction price is variable and meets the criteria to be allocated entirely to a performance obligation or to a distinct product or service that forms part of a single performance obligation. The Company determines standalone selling price based on the price at which the performance obligation is sold separately. If the standalone selling price is not observable through past transactions, the Company estimates the standalone selling price taking into account available information such as market conditions and internally approved pricing guidelines related to the performance obligations.

5) Recognize revenue when or as the Company satisfies a performance obligation

The Company satisfies performance obligations either over time or at a point in time. Revenue is recognized at the time the related performance obligation is satisfied by transferring a promised product or service to a customer.

Product sales

Revenue from product sales is recognized when control of the goods is transferred to the customer, which generally occurs at the Company’s plant or warehouse upon delivery to the carrier for shipment. Revenue related to shipping and handling is recognized when the products are shipped and the associated costs are accrued for based on the Company’s election to account for shipping and handling activities as a fulfillment of the promise to transfer the products and not as a combined promise.

For certain inertial navigation product sales, customer acceptance or inspection may be required before control of the goods is transferred to the customer. For those sales, revenue is recognized after notification of customer acceptance and the goods have been delivered to the carrier for shipment. In certain circumstances customers may request a bill-and-hold arrangement. Under these bill-and-hold arrangements, revenue is recognized when the Company has fulfilled all of its performance obligations, the units are segregated for the specific customer only, and the goods are ready for physical transfer to the customer in accordance with their defined contract delivery schedule.

The Company’s standard payment terms for product sales are generally Net 30. Under certain limited conditions, the Company, at its sole discretion, provides for the return of goods. No product is accepted for return and no credit is allowed on any returned product unless the Company has granted and confirmed prior written permission by means of appropriate authorization. The Company establishes reserves for potential sales returns, credits, and allowances, and evaluates, on a monthly basis, the adequacy of those reserves based upon historical experience and expectations for the future.

Contracts with multiple performance obligations

The Company sells products and services through arrangements that in certain instances bundle VSAT equipment, satellite connectivity and other services. For these arrangements, the Company has determined that the performance obligations are not distinct in the context of the contracts with certain customers. The Company recognizes product revenue under these arrangements over the estimated satellite connectivity customer life, which is estimated to be five years based on historical evidence.

Satellite connectivity and media content service sales

Directly sold and re-sold satellite connectivity service for voice, data and Internet is recognized monthly based primarily on contracted fixed-fee schedules as well as any overages for minutes or megabytes of traffic processed. The Company has evaluated whether it obtains control of the services that are being transferred to the customer in assessing gross revenue reporting as principal verse net revenue reporting as agent for its satellite connectivity service sales and its payments to the applicable service providers. Based on the Company's assessment of the indicators, the Company has determined that gross revenue reporting as a principal is appropriate. The applicable indicators of gross revenue reporting include, but are not limited to, the following:

•The Company is the primary obligor in its arrangements with its subscribers. The Company manages all interactions with the subscribers, while satellite connectivity service providers do not interact with the subscribers. In addition, the Company assumes the entire performance risk under its arrangements with the subscribers and in the event of a performance issue, the Company may incur reductions in fees without regard for any recourse that the Company may have with the applicable satellite connective service providers.

•The Company has discretion in establishing pricing, as the pricing under its arrangements with the subscribers is negotiated through a contracting process. The Company then separately negotiates the fees with the applicable satellite service providers.

•The Company has complete discretion in determining which satellite service providers it will contract with.

As a result, the Company has determined that it earns revenue (as a principal) from the delivery of satellite connectivity services to its subscribers and records all satellite connectivity service sales to subscribers as gross sales. All associated regulatory service fees and costs are recorded net in the consolidated financial statements.

The Company sells prepaid airtime services in the form of prepaid cards. A liability is established upon purchase equal to the cash paid for the prepaid card. The Company recognizes revenue from the prepaid services upon the use of the prepaid card by the customer. The Company does not offer refunds for unused prepaid services. Prepaid airtime services have not been a significant portion of the Company’s total sales.

Media content sales include the Company's distribution of commercially licensed news, sports, movies and music content for commercial and leisure customers in the maritime, hotel, and retail markets. The Company typically recognizes revenue from media content sales ratably over the period of the service contract.

The accounting estimates related to the recognition of satellite connectivity and media content service sales require the Company to make assumptions about future billing adjustments for disputes with subscribers as well as unauthorized usage. The Company recognizes the monthly subscription fee as service revenue over the service delivery period. Under AgilePlans, the Company retains ownership of the hardware that it provides to these customers, who must return the hardware to KVH if they decide to terminate the service. Because KVH does not sell the hardware under AgilePlans, the Company does not recognize any product revenue when the hardware is deployed to an AgilePlans customer.

Inertial navigation service sales

The Company engages in contracts for development, production, and services activities related to standard product modification or enhancement. The Company considers the nature of these contracts and the types of products and services provided when determining the proper accounting for a particular contract. Customer and government-agency contracted engineering service and sales under development contracts are recognized primarily during the periods in which the Company performs the service or development efforts in accordance with the agreement. Services performed under these types of contracts include engineering studies, surveys, building construction, prototype development, and program management. Performance is determined principally by comparing the accumulated labor hours incurred to date with management’s estimate of the total labor hours to complete the contracted work. Incurred labor hours represent work performed, which corresponds with and best depicts the transfer of control to the customer. This continuous transfer of control to the customer is supported by clauses in the contract that allow the customer to unilaterally terminate the contract for convenience, pay the Company for costs incurred plus a reasonable profit and take control of any work in process. The Company establishes billing terms at the time project deliverables and milestones are agreed. Unbilled revenue recognized in excess of the amounts invoiced to clients are classified within the accompanying consolidated balance sheets as “accounts receivable” as the Company's right to consideration is unconditional.

Product service sales

Product service sales other than under development contracts are recognized when completed services are delivered to the customer. The Company also sells extended warranty contracts on mobile connectivity and inertial navigation products. Sales under these contracts are recognized ratably over the contract term. Product service sales including extended warranties are not a significant portion of the Company’s total sales.

Sales-type leases

Revenue is recognized on sales-type leases primarily from the TracPhone mini-VSAT products. In accordance with ASC 842, the Company records the leases at a price typically equivalent to normal selling price and in excess of the cost or carrying amount. Upon delivery, the Company records the net present value of all payments under these leases as product revenue, and the related costs of the product are charged to cost of sales. See Note 16.

Shipping and Handling CostsShipping and handling costs are expensed as incurred and included in cost of sales. Billings for shipping and handling are reflected within net sales in the accompanying consolidated statements of operations.

LeasesIn accordance with ASC 842, the Company recognizes all leases greater than one year in duration on the balance sheet as right-of-use assets and lease liabilities. In ASC 842, a lease is defined as follows: “[a] contract is or contains a lease if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration.”Many of our lease agreements contain renewal options which are recognized if it is determined that the Company is reasonably certain to renew the lease at inception or when a triggering event occurs. Some of our lease agreements contain rent escalation clauses, rent holidays, capital improvement funding or other lease concessions. The Company recognizes the minimum rental expense on a straight-line basis based on the fixed components of a lease arrangement and amortize such expense over the term of the lease beginning with the commencement date. Variable lease components that are not fixed at the beginning of the lease are recognized as incurred. Under certain third-party service agreements, the Company controls a specific space or underlying asset used in providing the service by the third-party service provider. These arrangements meet the definition under ASC 842 and therefore are accounted for under ASC 842. Right-of-use assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term and include options to extend or terminate the lease when reasonably certain to be exercised. The present value of lease payments is determined using the incremental borrowing rate based on the information available at the lease commencement date.

Fair Value of Financial Instruments

Fair Value of Financial InstrumentsThe carrying amounts of the Company’s financial instruments, which include cash equivalents, investments, accounts receivable, accounts payable and accrued expenses, approximate their fair values due to the short maturity of these instruments. See Note 2 for more information on the fair value of the Company’s marketable securities. The carrying amount of the Company’s debt, and capital lease approximates fair value based on currently available quoted rates of similarly structured debt facilities. See Note 5 for more information on the fair value of the Company’s debt and line of credit and Note 16 for the Company's finance lease.

Cash, Cash Equivalents and Marketable Securities

Cash, Cash Equivalents, and Marketable Securities

In accordance with the Company’s investment policy, cash in excess of operational needs is invested in money market mutual funds, government agency bonds, United States treasuries, municipal bonds, corporate notes, or certificates of deposit. All highly liquid investments with a maturity date of three months or less at the date of purchase are classified as cash equivalents. The Company determines the appropriate classification of marketable securities at each balance sheet date. As of December 31, 2021 and 2020, all of the Company’s marketable securities have been designated as available-for-sale and are carried at their fair value with unrealized gains and losses included in accumulated other comprehensive loss in the accompanying consolidated balance sheets.

The Company reviews investments in debt securities for other than temporary impairment whenever the fair value of an investment is less than amortized cost and evidence indicates that an investment’s carrying amount is not recoverable within a reasonable period of time. To determine whether an impairment is other-than-temporary, the Company considers whether it intends to sell the security, whether it expects to recover the credit loss, and if it is more likely than not that the Company will be required to sell the security prior to recovery. Evidence considered in this assessment includes the reasons for the impairment, compliance with the Company’s investment policy, the severity and duration of the impairment, changes in value subsequent to year-end and forecasted performance of the investee. The Company has reviewed its securities with unrealized losses as of December 31, 2021 and 2020 and has concluded that no other-than-temporary impairments exist.

Inventories

InventoriesInventories are stated at the lower of cost and net realizable value using the first-in first-out costing method. The Company adjusts the carrying value of its inventory based on the consideration of excess and obsolete components based on future estimate demand. The Company records inventory charges to costs of product sales.

Property and Equipment

Property and EquipmentProperty and equipment are stated at cost. Depreciation and amortization are computed on the straight-line method over the estimated useful lives of the respective assets. The principal lives used in determining the depreciation rates of various assets are: buildings and improvements, 5-40 years; leasehold improvements, shorter of original lease term or useful life; machinery, satellite hubs and equipment, 4-10 years; office and computer equipment, 3-7 years; and motor vehicles, 5 years.

Goodwill, Intangible Assets and other Long-Lived Assets

The Company’s goodwill and intangible assets are associated with the purchase of Virtek Communication (now known as KVH Industries Norway AS) in September 2010 and Headland Media Limited (now known as the KVH Media Group) in May 2013.

In accordance with ASC Update No. 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test of Goodwill Impairment. (ASC 350), the Company performs a goodwill impairment test at least annually based on either an optional qualitative assessment or a quantitative analysis comparing the estimated fair value of a reporting unit to its carrying value as of the test date. Any impairment charges would be based on the quantitative analysis. As a result of the 2020 annual impairment test, the Company recorded goodwill impairment charges of $8,732 and intangible asset impairment charges of $1,758 related to its KVH Media Group reporting unit. Prior to 2020, the Company had not recorded or incurred goodwill impairment charges.

For the October 1, 2020 test, due to the uncertainty that the global pandemic presented during 2020, the Company determined that it should perform a quantitative analysis of goodwill impairment. The Company performed this full quantitative analysis in the fourth quarter of 2020 in conjunction with its annual budgeting and long-term planning cycle. The revenues and cash flows of KVH Media Group have been significantly impacted by the global reduction in travel since the start of the pandemic. With the assistance of valuation specialists, the Company utilized an income approach and market approach to estimate the fair value of its reporting units, based on assumptions the Company believed to be reasonable. As an additional corroborative test of the reasonableness of those assumptions, the Company completed a reconciliation of its market capitalization and overall enterprise value to the fair value of all of its reporting units as of October 1, 2020. The Company estimated that, as of October 1, 2020, the fair value of the mobile broadband reporting unit exceeded its carrying value by 18%; however, the carrying value of the KVH Media Group reporting unit exceeded its fair value by $10,156, which signified that an impairment had occurred and identified a triggering event to review the other long-lived assets for impairment. In accordance with ASC 360-10, Property, Plant and Equipment – Impairment or Disposal of Long-Lived Assets (ASC 360), with regard to its long-lived assets, the Company performed an undiscounted cash flow analysis and concluded that the carrying value of the asset group was not recoverable. Accordingly, the Company then performed an analysis to estimate the fair value of the other long-lived assets and recognized an impairment charge of $1,758, against the distribution rights intangible asset, the amount by which the carrying value of the asset group’s other long-lived assets exceeded their estimated fair value, and a reduction in the associated deferred tax liability of $334. As a result, the Company recognized an impairment charge to KVH Media Group’s goodwill in the amount of $8,732, the remaining amount by which the carrying value exceeded its fair value.

For the October 1, 2021 test, the Company performed a qualitative assessment of goodwill impairment (Step 0) and concluded that for the mobile broadband reporting unit, it was more likely than not that, for this reporting unit, the fair value exceeded the carrying value. For the KVH Media Group reporting unit, the Company determined that it was necessary to perform the Step 1 quantitative analysis due to the ongoing global pandemic and its impacts. The Company utilized an income approach to estimate the fair value of the reporting unit. The Company believes that the assumptions used to estimate the fair value of its KVH Media Group reporting unit were reasonable. The Company estimated that, as of October 1, 2021, the fair value of its KVH Media Group exceeded its carrying value by more than 20%. A negative trend of operating results or material changes to forecasted operating results could result in the requirement for additional interim goodwill impairment tests and the potential of future goodwill impairment charges, which could be material. The Company did not identify any impairment indicators that required an interim goodwill impairment test as of December 31, 2021.

Intangible assets with estimated lives and other long-lived assets are reviewed for impairment when events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of intangible assets with estimated lives and other long-lived assets is measured by a comparison of the carrying amount of an asset or asset group to future net undiscounted cash flows expected to be generated by the asset or asset group. If these comparisons indicate that an asset is not recoverable, the Company will recognize an impairment loss for the amount by which the carrying value of the asset or asset group exceeds the related estimated fair value. Estimated fair value is based on either discounted future operating cash flows or appraised values, depending on the nature of the asset. During 2021, there were no events or changes in circumstances that indicated any of the carrying amounts of the Company’s intangible assets or other long-lived assets may not be recoverable. See Note 9 for further discussion of goodwill and intangible assets.

Other Non-Current Assets

Other Non-Current AssetsOther non-current assets are primarily comprised of long-term lease receivables, prepaid expenses, and deposits.

Product Warranty

Product WarrantyThe Company’s products carry standard limited warranties that range from one to two years and vary by product. The warranty period begins on the date of retail purchase or lease by the original purchaser. The Company accrues estimated product warranty costs at the time of sale and any additional amounts are recorded when such costs are probable and can be reasonably estimated. Factors that affect the Company’s warranty liability include the number of units sold or leased, historical and anticipated rates of warranty repairs and the cost per repair. Warranty and related costs are reflected within sales, marketing and support in the accompanying consolidated statements of operations.

Research and Development

Research and DevelopmentExpenditures for research and development, including customer-funded research and development, are expensed as incurred.

Advertising Costs

Advertising CostsCosts related to advertising are expensed as incurred. Advertising expense was $1,259 and $1,285 for the years ended December 31, 2021 and 2020, respectively, and is included in sales, marketing, and support expense in the accompanying consolidated statements of operations.

Foreign Currency Translation

Foreign Currency TranslationThe financial statements of the Company’s foreign subsidiaries located in Denmark and Singapore are maintained using the United States dollar as the functional currency. Exchange rates in effect on the date of the transaction are used to record monetary assets and liabilities. Revenue and other expense elements are recorded at rates that approximate the rates in effect on the transaction dates. Foreign currency exchange gains and losses are recognized within “Other income, net” in the accompanying consolidated statements of operations. For the years ended December 31, 2021 and 2020, the Company recorded a total of net foreign currency exchange losses in its accompanying consolidated statements of operations of $3 and $48, respectively, which is comprised of both realized and unrealized foreign currency exchange gains and losses.The financial statements of the Company’s foreign subsidiaries located in the United Kingdom, Brazil, Norway, Cyprus, India and Japan use the foreign subsidiaries’ respective local currencies as the functional currency. The Company translates the assets and liabilities of these foreign subsidiaries at the exchange rates in effect at year-end. Net sales, costs and expenses are translated using average exchange rates in effect during the year. Gains and losses from foreign currency translation are credited or charged to accumulated other comprehensive loss included in stockholders' equity in the accompanying consolidated balance sheets.

Income Taxes

The Company is subject to income taxes in the U.S. and in numerous foreign jurisdictions. The Company accounts for income taxes following ASC Topic 740, Accounting for Income Taxes.

Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some or all of a deferred tax asset will not be realized. The Company determines whether it is more likely than not that a tax position will be sustained upon examination. If it is not more likely than not that a position will be sustained, no amount of the benefit attributable to the position is recognized. The tax benefit to be recognized of any tax position that meets the more likely than not recognition threshold is calculated as the largest amount that is more than 50% likely of being realized upon resolution of the contingency.

The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes interest and penalties within the income tax expense line in the accompanying consolidated statements of operations. Accrued interest and penalties are included within the related tax liability line in the consolidated balance sheets. See Note 8 for further discussion of income taxes.

Net Loss per Common Share

Net Loss per Common ShareBasic net loss per share is calculated based on the weighted average number of common shares outstanding during the period. Diluted net income per share incorporates the dilutive effect of common stock equivalent options, warrants and other convertible securities, if any, as determined in accordance with the treasury stock accounting method. For the years ended December 31, 2021 and 2020 since there was a net loss, the Company excluded all 747 and 1,566 shares, respectively, in outstanding stock options and non-vested restricted shares from its diluted loss per share calculation, as inclusion of these securities would have reduced the net loss per share.

Contingent Liabilities

Contingent LiabilitiesThe Company estimates the amount of potential exposure it may have with respect to claims, assessments and litigation in accordance with ASC 450, Contingencies. As of December 31, 2021 and 2020, the Company was not party to any lawsuit or proceeding that, in management's opinion, was likely to materially harm the Company's business, results of operations, financial condition or cash flows. It is not always possible to predict the outcome of litigation, as it is subject to many uncertainties. Additionally, it is not always possible for management to make meaningful estimates of the potential loss or range of loss associated with such litigation.

Operating Segments

The Company operates in two segments, the mobile connectivity and inertial navigation segments. Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the chief operating decision maker in making decisions regarding resource allocation and assessing performance. The Company’s chief operating decision maker is its President, Chief Executive Officer and Chairman of the Board.

The Company operates in a number of major geographic areas, including internationally. Revenues are generated from international locations, primarily consisting of Canada, European countries, both inside and outside the European Union, as well as Africa, Asia/Pacific, the Middle East, and South America (see Note 12, "Segment Reporting").

Recently Issued Accounting Standards

From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board, or FASB, or other standard setting bodies. Recently issued standards typically do not require adoption until a future effective date. Prior to their effective date, the Company evaluates the pronouncements to determine the potential effects of adoption on our consolidated financial statements.

Standard Implemented

ASC Update No. 2019-12

In December 2019, the FASB issued ASC Update No. 2019-12, Income Taxes (Topic 740). The update is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The purpose of Update No. 2019-12 is to remove certain exceptions for recognizing deferred taxes for investments and simplify the accounting for income taxes in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. It amends the requirements relating to the accounting for "hybrid" tax regimes. Update No. 2019-12 did not have a material impact on the Company's financial position or results of operations.

Standards to be Implemented

ASC Update No. 2016-13, ASC Update No. 2018-19, ASC Update No. 2019-04, ASC Update No. 2019-05, ASC Update No. 2019-10, ASC Update No. 2019-11 and ASC Update No. 2020-02

In June 2016, the FASB issued ASC Update No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The purpose of Update No. 2016-13 is to replace the incurred loss impairment methodology for financial assets measured at amortized cost with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information, including forecasted information, to develop credit loss estimates.

In November 2018, the FASB issued ASC Update No. 2018-19, Codification Improvements to Topic 326, Financial Instruments—Credit Losses. This update introduced an expected credit loss methodology for the impairment of financial assets measured at amortized cost. The amendment also clarifies that receivables arising from operating leases are not within the scope of Subtopic 326-20. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with Topic 842, Leases.

In May 2019, the FASB issued ASC Update No. 2019-04, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. This update introduced clarifications of the Board’s intent with respect to accrued interest, the transfer between classifications or categories for loans and debt securities, recoveries, reinsurance recoverables, projects of interest rate environments for variable-rate financial instruments, costs to sell when foreclosure is probable, consideration of expected prepayments when determining the effective interest rate, vintage disclosures, and extension and renewal options.

In May 2019, the FASB issued ASC Update No. 2019-05, Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief. The amendments in the update ease the transition for entities adopting ASC Update 2016-13 and increase the

comparability of financial statement information. With the exception of held-to-maturity debt securities, the amendments allow entities to irrevocably elect to apply the fair value option to financial instruments that were previously recorded at amortized cost basis within the scope of Subtopic 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost.

In November 2019, the FASB issued ASC Update No. 2019-10, Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates. The amendments in this update change some effective dates for certain new accounting standards including those pertaining to Topic 326 discussed above, for certain types of entities.

In November 2019, the FASB issued ASC Update No. 2019-11, Codification Improvements to Topic 326, Financial Instruments—Credit Losses (Topic 326). The update is effective for entities that have adopted ASU 2016-13. The purpose of Update No. 2019-11 is to clarify the scope of the recovery guidance to purchased financial assets with credit deterioration.

In February 2020, the FASB issued ASC Update No. 2020-02, Financial Instruments – Credit Losses (Topic 326) and

Leases (Topic 842). The purpose of Update No. 2020-02 is to clarify the scope and interpretation of the standard.

As a smaller reporting entity, the effective date for Topic 326 will be the fiscal year beginning after December 15, 2022. The adoption of Update Nos. 2016-13, 2018-19, 2019-04, 2019-05, 2019-10, 2019-11 and 2020-02 is not expected to have a material impact on the Company's financial position or results of operations.

There are no other recent accounting pronouncements issued by the FASB that the Company expects would have a material impact on the Company's financial statements.

Stockholders' Equity - Weighted-Average Assumptions (Details) - Stock options	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of weighted-average assumptions used to value options as of their grant date
Risk-free interest rate	0.92%	0.21%
Expected volatility	44.98%	44.03%
Expected life (in years)	4 years 3 months 10 days	4 years 3 months 14 days
Dividend yield	0.00%	0.00%

Commitment and Contingencies (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of Operating Lease Liability and Other Commitments

The following reflects future minimum payments under operating leases and other commitments that have initial or remaining non-cancelable terms at December 31, 2021:


Years ending December 31,	Commitments (a)
2022	$	29,679
2023	28,190
2024	5,041
2025	44
2026	2

Total minimum payments	$	62,956

(a) Includes the future minimum lease payments for the Company's operating leases as seen in Note 16.

Debt and Line of Credit (Details)			3 Months Ended	12 Months Ended
Debt and Line of Credit (Details)	Oct. 29, 2021 USD ($)	Oct. 30, 2018 USD ($) covenant	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	May 31, 2020 USD ($)
Debt Instrument [Line Items]
Total long-term debt				$ 0	$ 6,927,000
PPP loan forgiveness			$ 6,979,000	6,979,000	0
PPP Loan
Debt Instrument [Line Items]
Total long-term debt				0	$ 6,927,000	$ 6,927,000
Senior Credit Facility \| Line of Credit \| 2018 term notes
Debt Instrument [Line Items]
Term of debt instrument		3 years
Senior Credit Facility \| Line of Credit \| Revolving loan agreement
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 15,000	$ 20,000,000		15,000,000
Remaining balance available for borrowing				$ 10,900,000
Number of financial covenants \| covenant		2
Consolidated fixed charge coverage ratio		1.25
Minimum trailing four quarter consolidated adjusted EBITDA	$ 3,000,000
Debt Covenant Period, One \| Senior Credit Facility \| Line of Credit \| Revolving loan agreement
Debt Instrument [Line Items]
Consolidated leverage ratio		2.50
Debt Covenant Period, Two \| Senior Credit Facility \| Line of Credit \| Revolving loan agreement
Debt Instrument [Line Items]
Consolidated leverage ratio		2.00

Stockholders' Equity

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement, Noncash Expense [Abstract]

Stockholders' Equity

Stockholders’ Equity

The Company recognizes stock-based compensation in accordance with the provisions of ASC Topic 718, Compensation-Stock Compensation. Stock-based compensation expense, excluding compensation charges related to our employee stock purchase plan, or the ESPP, was $4,053 and $3,414 for the years ended December 31, 2021 and 2020, respectively.

The Company is authorized to grant stock options, restricted stock awards and other stock-based awards under its Amended and Restated 2016 Equity and Incentive Plan (the 2016 Plan) with respect to up to 4,800 shares of common stock, an increase of 1,800 shares reserved for issuance under the previous 2016 Plan as approved by our shareholders on June 10, 2020. Options have generally been granted with an exercise price equal to the fair market value of the common stock on the date of grant and have generally provided for vesting in equal annual amounts over four years beginning on the first anniversary of the date of the grant. No options are exercisable for periods of more than five years after date of grant. Under the 2016 Plan, each share issued under awards other than options and stock appreciation rights will reduce the number of shares reserved for issuance by two shares. Shares issued under options or stock appreciation rights will reduce the shares reserved for issuance on a share-for-share basis. The 2016 Plan and earlier equity compensation plans, pursuant to which an aggregate of 14,215 shares of the Company’s common stock were reserved for issuance, were all approved by the Company's shareholders. As of December 31, 2021, 458 shares were available for future grants. The Compensation Committee of the Board of Directors administers the equity compensation plans, approves the individuals to whom awards will be granted and determines the number of shares and other terms of each award. Outstanding options under the Company's equity compensation plans at December 31, 2021 expire from March 2022 through March 2026. None of the Company’s outstanding options includes performance-based or market-based vesting conditions as of December 31, 2021.

(a)Employee Stock Options

The Company has estimated the fair value of each option grant on the date of grant using the Black-Scholes option-pricing model. The expected volatility assumption is based on the historical daily price data of the Company’s common stock over a period equivalent to the weighted average expected life of the Company’s options. The expected term of options granted is derived using assumed exercise rates based on historical exercise patterns and represents the period of time the options granted are expected to be outstanding. The risk-free interest rate is based on the actual U.S. Treasury zero-coupon rates for bonds matching the expected term of the option as of the option grant date. The dividend yield of zero is based upon the fact that the Company has not historically declared or paid cash dividends, and does not expect to declare or pay dividends in the foreseeable future.

The per share weighted-average fair values of stock options granted during 2021 and 2020 were $4.70 and $2.88, respectively. The weighted-average assumptions used to value options as of their grant date were as follows:


	Year Ended December 31,
	2021		2020
Risk-free interest rate	0.92	%	0.21	%
Expected volatility	44.98	%	44.03	%
Expected life (in years)	4.28		4.29

Dividend yield	0	%	0	%

The changes in outstanding stock options for the year ended December 31, 2021 and 2020 are as follows:


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in Years)	Aggregate Intrinsic Value
Outstanding at December 31, 2020	2,034	$	9.25
Granted	497	$	12.68
Exercised	(274)	$	9.86
Expired, canceled or forfeited	(130)	$	9.96
Outstanding at December 31, 2021	2,127	$	9.93	2.68	$	931
Exercisable at December 31, 2021	858	$	9.41	1.65	$	453
Options vested or expected to vest at December 31, 2021	2,127	$	9.93	2.68	$	931


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in Years)	Aggregate Intrinsic Value
Outstanding at December 31, 2019	1,624	$	9.86
Granted	654	$	8.12
Exercised	(110)	$	8.02
Expired, canceled or forfeited	(134)	$	12.14
Outstanding at December 31, 2020	2,034	$	9.25	3.21	$	4,288
Exercisable at December 31, 2020	611	$	9.83	2.19	$	939
Options vested or expected to vest at December 31, 2020	2,034	$	9.25	3.21	$	4,288

The total aggregate intrinsic value of options exercised was $914 and $269 in 2021 and 2020, respectively.

As of December 31, 2021, there was $3,599 of total unrecognized compensation expense related to stock options, which is expected to be recognized over a weighted-average period of 2.42 years. In 2021 and 2020, the Company recorded compensation charges of $1,740 and $1,401, respectively, related to stock options. Compensation costs for options subject only to service conditions that vest ratably are recognized on a straight-line basis over the requisite service period for the entire award. During 2021 and 2020, cash received under stock option plans for exercises was $2,709 and $880, respectively.

(b)Restricted Stock

The Company granted 217 and 317 restricted stock awards to employees under the terms of the 2016 Plan or the Amended and Restated 2006 Stock Incentive Plan (2006 Plan) for the years ended December 31, 2021 and 2020, respectively. The restricted stock awards have generally provided for vesting annually over four years from the date of grant subject to the recipient remaining an employee through the applicable vesting dates. Compensation expense for restricted stock awards is measured at fair value on the date of grant based on the number of shares granted and the quoted market closing price of the Company’s common stock. Such value is recognized as expense over the vesting period of the award, net of forfeitures. The weighted-average grant-date fair value of restricted stock granted during 2021 and 2020 was $12.23 and $8.19 per share, respectively.

As of December 31, 2021, there was $3,838 of total unrecognized compensation expense related to restricted stock awards, which is expected to be recognized over a weighted-average period of 2.21 years. Compensation costs for awards subject only to service conditions that vest ratably are recognized on a straight-line basis over the requisite service period for the entire award. Compensation cost for awards initially subject to certain performance conditions are recognized on a ratable basis over the requisite service period for the entire award. In 2021 and 2020, the Company recorded compensation charges of $2,313 and $2,013, respectively, related to restricted stock awards.

Restricted stock activity under the 2006 Plan and the 2016 Plan for 2021 is as follows:


	Number of Shares	Weighted- average grant date fair value
Outstanding at December 31, 2020, unvested	556	$	8.90
Granted	217	12.23
Vested	(247)	9.18
Forfeited	(37)	9.46
Outstanding at December 31, 2021, unvested	489	$	10.19

(c)Employee Stock Purchase Plan

Under the Company's Amended and Restated 1996 Employee Stock Purchase Plan (ESPP), an aggregate of 1,650 shares of common stock have been reserved for issuance, of which 821 shares remain available as of December 31, 2021.

The ESPP covers all of the Company’s employees. Under the terms of the ESPP, eligible employees can elect to have up to six percent of their pre-tax compensation withheld to purchase shares of the Company’s common stock on a semi-annual basis at 85% of the market price on the first or last day of each purchase period, whichever is lower. During 2021 and 2020, shares issued under this plan were 26 and 44 shares, respectively. The Company utilizes the Black-Scholes option-pricing model to calculate the fair value of these discounted purchases. The fair value of the 15% discount is recognized as compensation expense over the purchase period. The Company applies a graded vesting approach because the ESPP provides for multiple purchase periods and is, in substance, a series of linked awards. In 2021 and 2020, the Company recorded compensation charges of $56 and $48, respectively, related to the ESPP. During 2021 and 2020, cash received under the ESPP was $230 and $336, respectively.

(d)Stock-Based Compensation Expense

The following presents stock-based compensation expense, including expense for the ESPP, in the Company's consolidated statements of operations for the years ended December 31, 2021 and 2020.


	2021		2020
Cost of product sales	$	271	$	165
Cost of service sales	10		—
Research and development	644		593
Sales, marketing and support	898		682
General and administrative	2,286		2,022
	$	4,109	$	3,462

(e) Accumulated Other Comprehensive Loss (AOCI)

Comprehensive loss includes net income (loss) and unrealized gains and losses from foreign currency translation. The components of the Company’s comprehensive loss and the effect on earnings for the periods presented are detailed in the accompanying consolidated statements of comprehensive loss.


	Foreign Currency Translation		Total Accumulated Other Comprehensive Loss
Balance, December 31, 2019	$	(2,767)	$	(2,767)
Other comprehensive loss	(465)		(465)

Net other comprehensive loss	(465)		(465)
Balance, December 31, 2020	(3,232)		(3,232)
Other comprehensive loss	(177)		(177)
Net other comprehensive loss	(177)		(177)
Balance, December 31, 2021	$	(3,409)	$	(3,409)

401(k) Plan	12 Months Ended
401(k) Plan	Dec. 31, 2021
Retirement Benefits [Abstract]
401(k) Plan	401(k) PlanThe Company has a 401(k) Plan (the Plan) for all eligible employees. Participants may defer a portion of their pre-tax or post-tax earnings subject to limits determined by the Internal Revenue Service. Participants age 50 or older may be eligible to make additional contributions. The Company matches contributions by the Plan participants up to 6%. The Company’s contributions vest over a five-year period from the date of hire. During a five and half month period in 2020, as a result of the uncertainty caused by the COVID-19 pandemic, the Company paused matching contributions. The Company matching contributions were $900 and $561 for the years ended December 31, 2021 and 2020, respectively. In addition, the Company may make additional contributions to the Plan at the discretion of the Compensation Committee of the Board of Directors. There were no discretionary contributions in 2021 and 2020.

Inventories (Tables)

12 Months Ended

Dec. 31, 2021

Inventory Disclosure [Abstract]

Components of inventories

Inventories as of December 31, 2021 and 2020 include the costs of material, labor, and factory overhead. Components of inventories consist of the following:


	December 31,
	2021		2020
Raw materials	$	15,772	$	13,957
Work in process	4,035		3,996
Finished goods	4,833		6,721
	$	24,640	$	24,674

Debt and Line of Credit

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Debt and Line of Credit

Long-term debt consists of the following:


	December 31,
	2021		2020
PPP loan	$	—	$	6,927




Total long-term debt	—		6,927


Less amounts classified as current	—		4,992
Long-term debt, excluding current portion	$	—	$	1,935

Paycheck Protection Program Loan

In May 2020, the Company received a $6,927 loan (the PPP Loan) from Bank of America, N.A., (the Lender) under the Paycheck Protection Program (PPP), which was established under the Coronavirus Aid, Relief, and Economic Security Act (as modified by the Paycheck Protection Flexibility Act of 2020, the CARES Act) and is administered by the U.S. Small Business Administration (the SBA).

The term of the PPP Loan was two years from the funding date, and the interest rate was 1.00%. Interest on the loan accrued from the funding date, but was deferred. In August 2021, the Company applied for forgiveness of the full amount of the PPP Loan. On September 24, 2021, the Company received notification from the Lender that, on September 19, 2021, the SBA had determined that the PPP Loan forgiveness application was approved, and the PPP Loan, including all accrued interest thereon, was paid in full by the SBA. The forgiveness of the PPP Loan including all interest accrued of $6,979 is recognized in Other income, net in the accompanying consolidated statements of operations for the year ended December 31, 2021.

Line of Credit

Effective October 30, 2018, the Company entered into an amended and restated three-year senior secured credit facility agreement (the 2018 Credit Agreement) with Bank of America, N.A., as Administrative Agent, and the lenders named from time to time as parties thereto (the 2018 Lenders), which included a reducing revolving credit facility (the 2018 Revolver) of up to $20,000 initially and reducing to $15,000 on December 31, 2019, to be used for general corporate purposes. The Company's obligations under the 2018 Credit Agreement are secured by substantially all of its assets and the pledge of equity interests in certain of its subsidiaries. As of December 31, 2021, no amounts were outstanding under the 2018 Revolver.

Borrowings under the 2018 Revolver are subject to the satisfaction of various conditions precedent at the time of each borrowing, including the continued accuracy of the Company’s representations and warranties and the absence of any default under the 2018 Credit Agreement. As of December 31, 2021, the Company was only able to draw on $10,900 of the $15,000 facility due to covenant restrictions.

The 2018 Credit Agreement contained two financial covenants, a maximum Consolidated Leverage Ratio and a minimum Consolidated Fixed Charge Coverage Ratio, each as defined in the 2018 Credit Agreement. The Consolidated Leverage Ratio could not exceed 2.50:1.00 through December 31, 2020 and may not exceed 2.00:1.00 after December 31, 2020. The Consolidated Fixed Charge Coverage Ratio may not be less than 1.25:1.00.

On July 30, 2020, the Company amended the 2018 Credit Agreement to reflect the incurrence of the PPP Loan. Under the amended facility, the principal and interest on the PPP Loan were not included in the maximum Consolidated Leverage Ratio or the minimum Consolidated Fixed Charge Coverage Ratio calculations except as to any portion of the PPP Loan that is not ultimately forgiven. In September 2021, the PPP Loan was forgiven in full.

On October 29, 2021, the Company amended the 2018 Credit Agreement to maintain the $15,000 2018 Revolver, extend the maturity date of the 2018 Revolver to October 28, 2022, eliminate the Consolidated Fixed Charge Coverage Ratio financial covenant, add a minimum trailing four-quarter Consolidated Adjusted EBITDA financial covenant of $3,000, modify the definition of Consolidated Adjusted EBITDA, modify the interest rate margins and certain lender fees, and transition the interest rate provisions based on LIBOR to the Bloomberg Short Term Bank Yield Index. In addition, Bank of America became the sole lender under the 2018 Credit Agreement.

The 2018 Credit Agreement imposes certain other affirmative and negative covenants, including without limitation covenants with respect to the payment of taxes and other obligations, compliance with laws, performance of material contracts, creation of liens, incurrence of indebtedness, investments, dispositions, fundamental changes, restricted payments, changes in the nature of the Company’s business, transactions with affiliates, corporate and accounting changes, and sale and leaseback arrangements.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Commitments and Contingencies Disclosure [Abstract]

Commitment and Contingencies

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies

The Company has certain operating leases and other commitments for satellite capacity, various equipment, and facilities. The following reflects future minimum payments under operating leases and other commitments that have initial or remaining non-cancelable terms at December 31, 2021:


Years ending December 31,	Commitments (a)
2022	$	29,679
2023	28,190
2024	5,041
2025	44
2026	2

Total minimum payments	$	62,956

(a) Includes the future minimum lease payments for the Company's operating leases as seen in Note 16.

Total rent expense incurred under facility operating leases for the years ended December 31, 2021 and 2020 amounted to $868 and $875, respectively. Total expense incurred under satellite capacity and equipment operating leases and other commitments for the years ended December 31, 2021 and 2020 amounted to $39,216 and $34,990, respectively, which also includes payments for usage charges in excess of the minimum contractual requirements.

In the normal course of business, the Company enters into unconditional purchase order obligations with its suppliers for inventory and other operational purchases. Outstanding and unconditional purchase order obligations were $26,371 as of December 31, 2021, which the Company expects to fulfill in 2022.

The Company did not have any off-balance sheet commitments, guarantees, or standby repurchase obligations as of December 31, 2021.

Legal Matters In the ordinary course of business, the Company is a party to inquiries, legal proceedings and claims including, from time to time, disagreements with vendors and customers. The Company is not a party to any lawsuit or proceeding that, in management's opinion, is likely to materially harm the Company's business, results of operations, financial condition, or cash flows.

Segment Reporting (Details)	12 Months Ended
Segment Reporting (Details)	Dec. 31, 2021	Dec. 31, 2020
Non-US
Segment Reporting Information [Line Items]
Percent of consolidated net sales	60.00%	64.00%
Singapore
Segment Reporting Information [Line Items]
Percent of consolidated net sales	11.00%
Mobile Connectivity \| Mobile Comm Product Sales
Segment Reporting Information [Line Items]
Percent of consolidated net sales	17.00%	18.00%
Mobile Connectivity \| VSAT Airtime Service Sales
Segment Reporting Information [Line Items]
Percent of consolidated net sales	54.00%	51.00%
Intertial Navigation \| FOG-based Guidance and Navigation Systems
Segment Reporting Information [Line Items]
Percent of consolidated net sales	16.00%	16.00%

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 11,376	$ 12,578
Marketable securities	13,147	25,141
Accounts receivable, net of allowance for doubtful accounts of $1,636 and $1,596 as of December 31, 2021 & December 31, 2020, respectively	33,648	33,687
Inventories, net	24,640	24,674
Prepaid expenses and other current assets	3,789	3,894
Current contract assets	1,230	1,086
Total current assets	87,830	101,060
Property and equipment, net	60,114	56,273
Intangible assets, net	1,287	2,254
Goodwill	6,570	6,592
Right of use assets	3,055	6,893
Other non-current assets	6,778	7,785
Non-current contract assets	3,104	2,661
Deferred income tax asset	56	73
Total assets	168,794	183,591
Current liabilities:
Accounts payable	11,265	11,400
Accrued compensation and employee-related expenses	7,053	7,156
Accrued other	7,892	6,597
Accrued product warranty costs	1,179	1,812
Current portion of long-term debt	0	4,992
Contract liabilities	3,989	4,445
Less current installments of obligation under current-operating lease liabilities	1,912	3,826
Liability for uncertain tax positions	592	560
Total current liabilities	33,882	40,788
Other long-term liabilities	30	674
Obligations under long-term operating lease liabilities, excluding current installments	1,224	3,204
Long-term contract liabilities	4,466	4,688
Long-term debt, excluding current portion	0	1,935
Deferred income tax liability	215	418
Total liabilities	39,817	51,707
Commitments and contingencies (Notes 1, 5, 6, 15 and 16)
Stockholders’ equity:
Preferred stock, $0.01 par value. Authorized 1,000,000 shares; none issued	0	0
Common stock, $0.01 par value. Authorized 30,000,000 shares, 20,342,695 and 19,862,534 shares issued at December 31, 2021 and December 31, 2020, respectively; and 18,910,001 and 18,429,840 shares outstanding at December 31, 2021 and December 31, 2020, respectively	203	199
Additional paid-in capital	156,199	149,170
Accumulated deficit	(12,165)	(2,402)
Accumulated other comprehensive loss	(3,409)	(3,232)
Total Stockholders equity before treasury stock adjustment	140,828	143,735
Less: treasury stock at cost, 1,432,694 shares as of December 31, 2021 and December 31, 2020	(11,851)	(11,851)
Total stockholders’ equity	128,977	131,884
Total liabilities and stockholders’ equity	$ 168,794	$ 183,591
Treasury Stock, Shares	1,432,694	1,432,694

Segment Reporting - Net Sales and Operating Income (Loss) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net sales		$ 171,767,000	$ 158,733,000
Operating income (loss)		(17,946,000)	(22,937,000)
Net interest and other income		8,075,000	1,171,000
Loss before income tax (benefit) expense		(9,871,000)	(21,766,000)
Impairment charge to goodwill and intangibles	$ 10,490,000	0	10,490,000
Operating Segments
Segment Reporting Information [Line Items]
Operating income (loss)		4,398,000	(5,272,000)
Operating Segments \| Mobile Connectivity
Segment Reporting Information [Line Items]
Net sales		133,911,000	119,453,000
Operating income (loss)		2,749,000	(10,071,000)
Operating Segments \| Intertial Navigation
Segment Reporting Information [Line Items]
Net sales		37,856,000	39,280,000
Operating income (loss)		1,649,000	4,799,000
Unallocated, net
Segment Reporting Information [Line Items]
Operating income (loss)		$ (22,344,000)	$ (17,665,000)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Stock-Based Compensation (Textual) [Abstract]
Stock-based compensation expense	$ 4,109	$ 3,462
Number of shares authorized (in shares)	4,800,000
Number of additional shares authorized (in shares)	1,800,000
Stock options
Stock-Based Compensation (Textual) [Abstract]
Stock-based compensation expense	$ 1,740	$ 1,401
Stock award, vesting period	4 years
Stock award, exercise period	5 years
Awards other than options, decrease in number of shares reserved for issuance (in shares)	2
Common stock, shares reserved for issuance (in shares)	14,215,000
Number of shares available for future grants (in shares)	458,000
Dividend yield	0.00%	0.00%
Weighted-average fair value (in dollars per share)	$ 4.70	$ 2.88
Stock options, total intrinsic value of options exercised	$ 914	$ 269
Unrecognized compensation expense	$ 3,599
Weighted-average period of recognition	2 years 5 months 1 day
Cash received under stock option plans for exercises	$ 2,709	880
Restricted stock
Stock-Based Compensation (Textual) [Abstract]
Stock-based compensation expense	$ 2,313	$ 2,013
Stock award, vesting period	4 years
Unrecognized compensation expense	$ 3,838
Weighted-average period of recognition	2 years 2 months 15 days
Granted (in shares)	217,000	317,000
Weighted-average grant-date fair value (in dollars per share)	$ 12.23	$ 8.19
Employee stock purchase plan
Stock-Based Compensation (Textual) [Abstract]
Stock-based compensation expense	$ 56	$ 48
Number of shares available for future grants (in shares)	821,000
Shares issued (in shares)	26,000	44,000
Employee stock purchase plan, discount percentage attributable to compensation expense	15.00%
Cash received under the employee stock purchase plan	$ 230	$ 336
Employee stock purchase plan \| Maximum
Stock-Based Compensation (Textual) [Abstract]
Employee election percentage of pre-tax compensation withheld to purchase Company's common stock shares	6.00%
ESPP Plan \| Stock options
Stock-Based Compensation (Textual) [Abstract]
Stock-based compensation expense	$ 4,053	$ 3,414
ESPP Plan \| Employee stock purchase plan
Stock-Based Compensation (Textual) [Abstract]
Number of shares authorized (in shares)	1,650,000
Percentage of Company's common stock share price	85.00%

Stockholders' Equity - Stock Options Outstanding Rollforward (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Number of Options
Outstanding at December 31 (in shares)	2,034	1,624
Granted (in shares)	497	654
Exercised (in shares)	(274)	(110)
Expired, canceled or forfeited (in shares)	(130)	(134)
Outstanding at December 31 (in shares)	2,127	2,034
Exercisable at December 31 (in shares)	858	611
Options vested or expected to vest, number of option (in shares)	2,127	2,034
Weighted Average Exercise Price
Outstanding at December 31 (in dollars per share)	$ 9.25	$ 9.86
Granted (in dollars per share)	12.68	8.12
Exercised (in dollars per share)	9.86	8.02
Expired, canceled or forfeited (in dollars per share)	9.96	12.14
Outstanding at December 31 (in dollars per share)	9.93	9.25
Exercisable at December 31 (in dollars per share)	9.41	9.83
Options vested or expected to vest, weighted average exercise price (in shares)	$ 9.93	$ 9.25
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Stock options, Outstanding, Weighted Average Remaining Contractual Life	2 years 8 months 4 days	3 years 2 months 15 days
Options vested or expected to vest, Weighted Average Remaining Contractual Life	2 years 8 months 4 days	3 years 2 months 15 days
Stock options, Exercisable, Weighted Average Remaining Contractual Life	1 year 7 months 24 days	2 years 2 months 8 days
Stock options, Outstanding, Aggregate Intrinsic Value	$ 931	$ 4,288
Stock options, Exercisable, Aggregate Intrinsic Value	453	939
Options vested or expected to vest, Aggregate Intrinsic Value	$ 931	$ 4,288

Income Taxes - Income (Loss) From Continuing Operations Before Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest [Abstract]
United States	$ (10,040)	$ (11,862)
Foreign	169	(9,904)
Loss before income tax (benefit) expense	$ (9,871)	$ (21,766)

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Goodwill and Intangible Assets (Details) - USD ($)	1 Months Ended	12 Months Ended		120 Months Ended
Goodwill and Intangible Assets (Details) - USD ($)	Jan. 31, 2017	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2026
Finite-Lived Intangible Assets [Line Items]
Assets acquired		$ 62,000
Amortization expense		$ 1,027,000
Weighted average remaining useful life		1 year 6 months
Goodwill expected tax deductible amount		$ 0
General and administrative
Finite-Lived Intangible Assets [Line Items]
Amortization expense		$ 1,027,000	$ 1,004,000
Subscriber relationships
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining useful life		1 year 6 months
Acquisition Prior to 2013
Finite-Lived Intangible Assets [Line Items]
Useful life		7 years
Headland Media Limited \| Subscriber relationships
Finite-Lived Intangible Assets [Line Items]
Useful life		10 years
Headland Media Limited \| Distribution rights
Finite-Lived Intangible Assets [Line Items]
Useful life		1 year	15 years
Q1 2017 Acquisition \| Subscriber relationships
Finite-Lived Intangible Assets [Line Items]
Useful life	10 years
Assets acquired	$ 100,000	$ 408,000
Assets consideration		$ 62,000	$ 75,000
Forecast \| Q1 2017 Acquisition \| Maximum
Finite-Lived Intangible Assets [Line Items]
Assets consideration				$ 114,000

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 1,636	$ 1,596
Property and equipment, accumulated depreciation	64,260	57,992
Intangible assets, accumulated amortization	$ 9,944	$ 8,917
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	20,342,695	18,910,001
Common stock, shares outstanding (in shares)	19,862,534	18,429,840
Treasury stock, shares outstanding (in shares)	1,432,694	1,432,694

Revenue from Contracts with Customers (ASC 606) - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenue from External Customer [Line Items]
Total net sales	$ 171,767	$ 158,733
Product
Revenue from External Customer [Line Items]
Total net sales	66,870	64,619
Service
Revenue from External Customer [Line Items]
Total net sales	104,897	94,114
Mobile Connectivity \| Service
Revenue from External Customer [Line Items]
Total net sales	103,899	91,590
Intertial Navigation \| Product
Revenue from External Customer [Line Items]
Total net sales	36,858	36,756
Intertial Navigation \| Service
Revenue from External Customer [Line Items]
Total net sales	998	2,524
Transferred at point in time \| Mobile Connectivity \| Product
Revenue from External Customer [Line Items]
Total net sales	27,490	25,140
Transferred over time \| Mobile Connectivity \| Product
Revenue from External Customer [Line Items]
Total net sales	$ 2,522	$ 2,723

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Revenue from Contract with Customer [Abstract]

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Sales:
Net sales	$ 171,767	$ 158,733
Costs and expenses:
Research and development	17,766	15,799
Sales, marketing and support	31,181	29,811
General and administrative	28,794	24,445
Goodwill impairment charge	0	1,758
Intangible asset impairment charge	0	8,732
Total costs and expenses	189,713	181,670
Loss from operations	(17,946)	(22,937)
Interest income	886	996
Interest expense	56	18
Other income, net	7,245	193
Loss before income tax (benefit) expense	(9,871)	(21,766)
Income tax (benefit) expense	(108)	174
Net loss	$ (9,763)	$ (21,940)
Net loss per common share
Basic (in dollars per share)	$ (0.54)	$ (1.24)
Diluted (in dollars per share)	$ (0.54)	$ (1.24)
Weighted average number of shares outstanding:
Weighted average number of shares outstanding - basic (in shares)	18,217	17,669
Weighted average number of shares outstanding - diluted (in shares)	18,217	17,669
Product
Sales:
Net sales	$ 66,870	$ 64,619
Costs and expenses:
Cost of product and service sales	46,810	41,608
Service
Sales:
Net sales	104,897	94,114
Costs and expenses:
Cost of product and service sales	$ 65,162	$ 59,517

Revenue from Contracts with Customers (ASC 606)

12 Months Ended

Dec. 31, 2021

Revenue from Contracts with Customers (ASC 606)

In accordance with ASC 606, revenue is recognized when a customer obtains control of promised products and services. The amount of revenue recognized reflects the consideration which the Company expects to be entitled to receive in exchange for these products and services.

Disaggregation of Revenue

The following table summarizes net sales from contracts with customers for the years ended December 31, 2021 and 2020:


	Year Ended December 31,
	2021		2020
Mobile connectivity product, transferred at point in time	$	27,490	$	25,140
Mobile connectivity product, transferred over time	2,522		2,723
Mobile connectivity service	103,899		91,590
Inertial navigation product	36,858		36,756
Inertial navigation service	998		2,524
Total net sales	$	171,767	$	158,733

Revenue recognized during the years ended December 31, 2021 and 2020 from amounts included in contract liabilities at the beginning of the fiscal year was approximately $2,281 and $2,586, respectively.

For mobile connectivity product sales, the delivery of the Company’s performance obligations are generally transferred to the customer, and associated revenue is recognized, at a point in time, with the exception of certain mini-VSAT contracts which are transferred to customers over time. For mobile connectivity service sales, the delivery of the Company’s performance obligations are transferred to the customer, and associated revenue is recognized, over time. For inertial navigation product sales, the delivery of the Company’s performance obligations are generally transferred to the customer, and associated revenue is recognized, at a point in time. For inertial navigation service sales, the Company's performance obligations are generally transferred to customers, and associated revenue is recognized, over time.

Business and Credit Concentrations

Concentrations of risk with respect to trade accounts receivable are generally limited due to the large number of customers and their dispersion across several geographic areas. Although the Company does not foresee that credit risk associated with these receivables will deviate from historical experience, repayment is dependent upon the financial stability of those individual customers. The Company establishes allowances for potential bad debts and evaluates, on a monthly basis, the adequacy of those reserves based upon historical experience and its expectations for future collectability concerns. The Company performs ongoing credit evaluations of the financial condition of its customers and generally does not require collateral.

No single customer accounted for 10% or more of consolidated net sales for the years ended December 31, 2021 or 2020 or accounts receivables as of December 31, 2021 or 2020.

Certain components from third parties used in the Company’s products are procured from single sources of supply. The failure of a supplier, including a subcontractor, to deliver on schedule could delay or interrupt the Company’s delivery of products and thereby materially adversely affect the Company’s revenues and operating results.

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Schedule of Components of Income Tax Expense (Benefit)

Summary of Significant Accounting Policies - Research and Development (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Research and Development
Customer-funded service sales	$ 363	$ 2,043
Customer-funded costs included in costs of service sales	$ 803	$ 2,935

Share Buyback Program	12 Months Ended
Share Buyback Program	Dec. 31, 2021
Disclosure of Repurchase Agreements [Abstract]
Share Buyback Program	Share Buyback Program On October 4, 2019, the Company's Board of Directors authorized a share repurchase program pursuant to which the Company was authorized to purchase up to 1,000 shares of the Company’s common stock. The program expired on October 4, 2020. Under the repurchase program, the Company, at management’s discretion, was authorized to repurchase shares on the open market from time to time, in privately negotiated transactions or block transactions, or through an accelerated repurchase agreement. In January 2020, the Company repurchased 36 shares of common stock in open market transactions at a cost of approximately $390. The total amount the Company repurchased under the repurchase program since the inception of the October 4, 2019 repurchase program was 151 shares of common stock for an approximate cost of $1,690. There were no repurchase programs outstanding during 2021.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Income tax (benefit) expense for the years ended December 31, 2021 and 2020 attributable to loss from operations is presented below.


	Current		Deferred		Total
Year ended December 31, 2021
Federal	$	27	$	—	$	27
State	—		—		—
Foreign	44		(179)		(135)
	$	71	$	(179)	$	(108)
Year ended December 31, 2020
Federal	$	240	$	—	$	240
State	—		—		—
Foreign	321		(387)		(66)
	$	561	$	(387)	$	174

Schedule of Effective Income Tax Rate Reconciliation

Actual income tax (benefit) expense differs from the “expected” income tax (benefit) expense computed by applying the United States Federal statutory income tax rate of 21% for both 2021 and 2020 to loss before tax (benefit) expense, as follows:


	Year Ended December 31,
	2021		2020
Income tax benefit at Federal statutory income tax rate	$	(2,073)	$	(4,571)
Increase (decrease) in income taxes resulting from:
State income tax benefit, net of federal benefit	(342)		(600)
State research and development, investment credits	(137)		(213)
Non-deductible meals & entertainment	1		22
Non-deductible stock compensation expense	(194)		19
Non-deductible compensation under 162(m)	35		—

Foreign tax rate differential	58		235
Federal research and development credits	(607)		(707)
Uncertain tax positions	32		39
Provision to tax return adjustments	33		144
Change in valuation allowance	4,648		3,980
PPP loan forgiveness	(1,455)		—

Impairment of goodwill and intangibles	—		1,834

Prior period adjustments	(117)		—
Other	10		(8)
Income tax (benefit) expense	$	(108)	$	174

Schedule of Loss before Income Tax, Domestic and Foreign

Loss before income tax (benefit) expense determined by tax jurisdiction, are as follows:


	Year Ended December 31,
	2021		2020
United States	$	(10,040)	$	(11,862)
Foreign	169		(9,904)
Total	$	(9,871)	$	(21,766)

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities for the periods presented consisted of the following:


	December 31,
	2021		2020
Deferred tax assets:
Accounts receivable, due to allowance for doubtful accounts	$	373	$	221
Inventories	1,211		1,209
Operating loss carry-forwards	5,784		2,744
Stock-based compensation expense	1,106		874
Property and equipment, due to difference in depreciation	1,978		841
Research and development tax credit carry-forwards	6,247		5,640
Foreign tax credit carry-forwards	2,345		2,345
State tax credit carry-forwards	3,975		3,838
Capitalized research and development	2,690		3,154
Warranty reserve	277		429
Accrued expenses	1,174		1,216
Lease liability	700		1,574
Gross deferred tax assets	27,860		24,085
Less valuation allowance	(27,080)		(22,432)
Total deferred tax assets	780		1,653
Deferred tax liabilities:
Purchased intangible assets	(199)		(384)
Property and equipment, due to differences in depreciation	(52)		(50)
Right of use asset	(688)		(1,564)

Total deferred tax liabilities	(939)		(1,998)
Net deferred tax liability	$	(159)	$	(345)
Deferred income tax asset	$	56	$	73
Deferred income tax liability	$	(215)	$	(418)

Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible

The aggregate changes in the total gross amount of unrecognized tax benefits are as follows:


	Year Ended December 31,
	2021		2020
Unrecognized tax benefits as of January 1	$	1,771	$	1,897
Gross decrease in unrecognized tax benefits - prior year tax positions	(104)		(105)

Lapse of statute of limitations	(14)		(21)
Unrecognized tax benefits as of December 31	$	1,653	$	1,771

Summary of Significant Accounting Policies (Details) shares in Thousands		3 Months Ended		12 Months Ended
	Oct. 01, 2020 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2021 USD ($) segment shares	Dec. 31, 2020 USD ($) shares	Dec. 31, 2019 USD ($)
Accounting Policies [Line Items]
PPP loan forgiveness		$ 6,979,000		$ 6,979,000	$ 0
Goodwill and intangible impairment charges			$ 10,490,000	0	10,490,000
Marketable securities			25,141,000	13,147,000	25,141,000
Intangible asset impairment charge				0	8,732,000
Deferred tax liability, intangible asset			384,000	199,000	384,000
Goodwill, impairment loss				0	1,758,000
Product warranty accrual			$ 1,812,000	1,179,000	1,812,000	$ 2,194,000
Advertising expense				1,259,000	1,285,000
Foreign currency exchange (gain) loss				$ 3,000	$ 48,000
Antidilutive securities (in shares) \| shares				747	1,566
Number of operating segments \| segment				2
Mobile Broadband Reporting Unit
Accounting Policies [Line Items]
Reporting unit, percent fair value in excess of carrying value	18.00%
KVH Media Group Reporting Unit
Accounting Policies [Line Items]
Intangible asset impairment charge	$ 1,758,000				$ 1,758,000
Fair value reporting unit	10,156,000
Deferred tax liability, intangible asset	334,000
Goodwill, impairment loss	$ 8,732,000				$ 8,732,000
Revenue-generating assets
Accounting Policies [Line Items]
Useful lives				5 years
Motor vehicles
Accounting Policies [Line Items]
Useful lives				5 years
Minimum
Accounting Policies [Line Items]
Limited product warranty period				1 year
Minimum \| Building and improvements
Accounting Policies [Line Items]
Useful lives				5 years
Minimum \| Machinery, satellite hubs and equipment
Accounting Policies [Line Items]
Useful lives				4 years
Minimum \| Office and computer equipment
Accounting Policies [Line Items]
Useful lives				3 years
Maximum
Accounting Policies [Line Items]
Limited product warranty period				2 years
Maximum \| Building and improvements
Accounting Policies [Line Items]
Useful lives				40 years
Maximum \| Machinery, satellite hubs and equipment
Accounting Policies [Line Items]
Useful lives				10 years
Maximum \| Office and computer equipment
Accounting Policies [Line Items]
Useful lives				7 years

401(k) Plan (Details) - USD ($)	12 Months Ended
401(k) Plan (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Employer matching contribution, percent	6.00%
Vesting period	5 years
Employer matching contribution, amount	$ 900,000	$ 561,000
Discretionary contributions	$ 0	$ 0

Share Buyback Program (Details) $ in Thousands	1 Months Ended	12 Months Ended	27 Months Ended
Share Buyback Program (Details) $ in Thousands	Jan. 31, 2020 USD ($) shares	Dec. 31, 2021 Program	Dec. 31, 2021 USD ($) shares	Oct. 04, 2019 shares
Share Buyback Program (Textual) [Abstract]
Common stock available for repurchase (in shares)				1,000,000
Shares repurchased (in shares)	36,000		151,000
Shares repurchased \| $	$ 390		$ 1,690
Number of other repurchase programs outstanding \| Program		0

Summary of Significant Accounting Policies - Weighted Average Shares Outstanding (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Weighted average number of shares outstanding - basic (in shares)	18,217	17,669
Dilutive common shares issuable in connection with stock plans (in shares)	0	0
Weighted average number of shares outstanding - diluted (in shares)	18,217	17,669

Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of contingently issuable shares. Contingently issuable shares are those shares that are issuable for little or no cash contingent on certain conditions being met.

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Revenue from Contracts with Customers (ASC 606) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 2,281	$ 2,586

Debt and Line of Credit - Schedule of Long-Term debt (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	May 31, 2020
Debt Instrument [Line Items]
Total long-term debt	$ 0	$ 6,927
Less amounts classified as current	0	4,992
Long-term debt, excluding current portion	0	1,935
PPP Loan
Debt Instrument [Line Items]
Total long-term debt	$ 0	$ 6,927	$ 6,927

Commitments and Contingencies Disclosure [Abstract]

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References + Details

Fair Value Measurements

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value Measurements

ASC 820, Fair Value Measurements and Disclosures (ASC 820), provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. The Company’s Level 1 assets are investments in money market mutual funds and United States treasuries.

Level 2: Quoted prices for similar assets or liabilities in active markets; or observable prices that are based on observable market data, based on directly or indirectly market-corroborated inputs. The Company has no Level 2 assets or liabilities.

Level 3: Unobservable inputs that are supported by little or no market activity, and are developed based on the best information available given the circumstances. The Company has no Level 3 assets.

Assets and liabilities measured at fair value are based the valuation techniques identified in the table below. The valuation techniques are:

(a)Market approach—prices and other relevant information generated by market transactions involving identical or comparable assets.


December 31, 2021	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets
Money market mutual funds	$	13,147	$	13,147	$	—	$	—	(a)

December 31, 2020	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets
Money market mutual funds	$	20,142	$	20,142	$	—	$	—	(a)
United States treasuries	$	4,999	$	4,999	$	—	$	—	(a)

The carrying amount of certain financial instruments approximates fair value due to their short-term, highly liquid nature. These instruments include cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses. The carrying amount of the Company's operating and financing lease liabilities approximates fair value based on currently available quoted rates of similarly structured borrowings.

Assets Measured and Recorded at Fair Value on a Nonrecurring Basis

The Company's non-financial assets, such as goodwill, intangible assets, and other long-lived assets resulting from business combinations, are measured at fair value using income approach valuation methodologies at the date of acquisition and subsequently re-measured if an impairment exists. During 2020, the Company recorded an impairment charge of $10,490 to goodwill and intangible assets. There was no additional impairment of the Company's non-financial assets noted as of December 31, 2021. See Note 1(k) and Note 9 for additional details. The Company does not have any liabilities that are recorded at fair value on a non-recurring basis.

Stockholders' Equity - Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 4,109	$ 3,462
Cost of product sales
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	271	165
Cost of service sales
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	10	0
Research and development
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	644	593
Sales, marketing and support
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	898	682
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 2,286	$ 2,022

Legal Matters

12 Months Ended

Dec. 31, 2021

Legal Matters

Commitments and Contingencies


Years ending December 31,	Commitments (a)
2022	$	29,679
2023	28,190
2024	5,041
2025	44
2026	2

Total minimum payments	$	62,956

(a) Includes the future minimum lease payments for the Company's operating leases as seen in Note 16.

The Company did not have any off-balance sheet commitments, guarantees, or standby repurchase obligations as of December 31, 2021.

Marketable Securities - Maturity Schedule (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Interest income from cash equivalents and marketable securities	$ 6	$ 135

Income Taxes

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Income Taxes

Income tax (benefit) expense for the years ended December 31, 2021 and 2020 attributable to loss from operations is presented below.


	Current		Deferred		Total
Year ended December 31, 2021
Federal	$	27	$	—	$	27
State	—		—		—
Foreign	44		(179)		(135)
	$	71	$	(179)	$	(108)
Year ended December 31, 2020
Federal	$	240	$	—	$	240
State	—		—		—
Foreign	321		(387)		(66)
	$	561	$	(387)	$	174


	Year Ended December 31,
	2021		2020
Income tax benefit at Federal statutory income tax rate	$	(2,073)	$	(4,571)
Increase (decrease) in income taxes resulting from:
State income tax benefit, net of federal benefit	(342)		(600)
State research and development, investment credits	(137)		(213)
Non-deductible meals & entertainment	1		22
Non-deductible stock compensation expense	(194)		19
Non-deductible compensation under 162(m)	35		—

Foreign tax rate differential	58		235
Federal research and development credits	(607)		(707)
Uncertain tax positions	32		39
Provision to tax return adjustments	33		144
Change in valuation allowance	4,648		3,980
PPP loan forgiveness	(1,455)		—

Impairment of goodwill and intangibles	—		1,834

Prior period adjustments	(117)		—
Other	10		(8)
Income tax (benefit) expense	$	(108)	$	174

Loss before income tax (benefit) expense determined by tax jurisdiction, are as follows:


	Year Ended December 31,
	2021		2020
United States	$	(10,040)	$	(11,862)
Foreign	169		(9,904)
Total	$	(9,871)	$	(21,766)

Deferred tax assets and liabilities for the periods presented consisted of the following:


	December 31,
	2021		2020
Deferred tax assets:
Accounts receivable, due to allowance for doubtful accounts	$	373	$	221
Inventories	1,211		1,209
Operating loss carry-forwards	5,784		2,744
Stock-based compensation expense	1,106		874
Property and equipment, due to difference in depreciation	1,978		841
Research and development tax credit carry-forwards	6,247		5,640
Foreign tax credit carry-forwards	2,345		2,345
State tax credit carry-forwards	3,975		3,838
Capitalized research and development	2,690		3,154
Warranty reserve	277		429
Accrued expenses	1,174		1,216
Lease liability	700		1,574
Gross deferred tax assets	27,860		24,085
Less valuation allowance	(27,080)		(22,432)
Total deferred tax assets	780		1,653
Deferred tax liabilities:
Purchased intangible assets	(199)		(384)
Property and equipment, due to differences in depreciation	(52)		(50)
Right of use asset	(688)		(1,564)

Total deferred tax liabilities	(939)		(1,998)
Net deferred tax liability	$	(159)	$	(345)
Deferred income tax asset	$	56	$	73
Deferred income tax liability	$	(215)	$	(418)

As of December 31, 2021 the Company has federal and state tax loss carryforwards of approximately $22,103 and $16,878, respectively. The federal loss carryforward has no expiration date. The state losses expire through the year 2041. As of December 31, 2021, the Company had federal research and development tax credit carry-forwards in the amount of $6,238 and other general business credits of $9 that expire in years 2028 through 2041. As of December 31, 2021, the Company had foreign tax credit carry-forwards in the amount of $2,345 that expire in years 2026 through 2027. As of December 31, 2021, the Company had state research and development tax credit carry-forwards in the amount of $4,918 that expire in years 2022 through 2028. The Company also had other state tax credit carry-forwards of $114 available to reduce future state tax expense that expire in years 2022 through 2028.

The Company’s ability to utilize these net operating loss carry-forwards and tax credit carry-forwards may be limited in the future if the Company experiences an ownership change pursuant to Internal Revenue Code Section 382. An ownership change occurs when the ownership percentages of 5% or greater stockholders change by more than 50% over a three-year period.

In assessing the realizability of its net deferred tax assets, the Company considered whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. As of December 31, 2021, the Company concluded that a net increase of $4,648 of the valuation allowance was appropriate. The change was the result of an increase in domestic tax credits, net operating loss balances, and property and equipment differences due to depreciation. As part of the Company’s analysis, the Company evaluated, among other factors, its recent history of generating tax losses and its near-term forecasts of future taxable income or losses.

As of December 31, 2021, unremitted foreign earnings, which were not significant, have been retained by the Company's foreign subsidiaries for indefinite reinvestment. Upon repatriation of those earnings, in the form of dividends or otherwise, the Company could be subject to state tax and withholding taxes payable to various foreign countries.

The Company establishes reserves for uncertain tax positions based on management’s assessment of exposure associated with tax deductions, permanent tax differences, and tax credits. The tax reserves are analyzed periodically and adjustments are made as events occur that warrant adjustment to the reserve. The Company's policy is to recognize interest and penalties related to unrecognized tax benefits as a component of income tax expense.

The aggregate changes in the total gross amount of unrecognized tax benefits are as follows:


	Year Ended December 31,
	2021		2020
Unrecognized tax benefits as of January 1	$	1,771	$	1,897
Gross decrease in unrecognized tax benefits - prior year tax positions	(104)		(105)

Lapse of statute of limitations	(14)		(21)
Unrecognized tax benefits as of December 31	$	1,653	$	1,771

All unrecognized tax benefits as of December 31, 2021 and 2020, if recognized, would result in a reduction of the Company's effective tax rate.

The Company recorded interest and penalties of $46 and $61 in its consolidated statement of operations for the years ended December 31, 2021 and 2020, respectively. Total accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $255 and $208 as of December 31, 2021 and 2020, respectively.

The timing of any resolution of income tax examinations is highly uncertain, as are the amounts and timing of any settlement payment. These events could cause fluctuations in the balance sheet classification of current and non-current assets and liabilities. The Company estimates that it is reasonably possible that the balance of unrecognized tax benefits as of December 31, 2021 may decrease approximately $19 in the next twelve months as a result of a lapse of statutes of limitation and settlements with taxing authorities.

The Company’s tax jurisdictions include the United States, the United Kingdom, Denmark, Cyprus, Norway, Brazil, Singapore, Japan, and India. In general, the statute of limitations with respect to the Company's United States federal income taxes has expired for years prior to 2018, and the relevant state and foreign statutes vary. However, preceding years remain open to examination by United States federal and state and foreign taxing authorities to the extent of future utilization of net operating losses and research and development tax credits generated in each preceding year.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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Schedule of Long-term Debt Instruments

Summary of Significant Accounting Policies - Product Warranty (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Summary of product warranty activity
Beginning balance	$ 1,812	$ 2,194
Charges to expense	457	1,091
Costs incurred	(1,090)	(1,473)
Ending balance	$ 1,179	$ 1,812

Debt and Line of Credit (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Long-term debt consists of the following:


	December 31,
	2021		2020
PPP loan	$	—	$	6,927




Total long-term debt	—		6,927


Less amounts classified as current	—		4,992
Long-term debt, excluding current portion	$	—	$	1,935

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Schedule of reporting segments

Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Accounts receivable, due to allowance for doubtful accounts	$ 373	$ 221
Inventories	1,211	1,209
Operating loss carry-forwards	5,784	2,744
Stock-based compensation expense	1,106	874
Property and equipment, due to difference in depreciation	1,978	841
Research and development tax credit carry-forwards	6,247	5,640
Foreign tax credit carry-forwards	2,345	2,345
State tax credit carry-forwards	3,975	3,838
Capitalized research and development	2,690	3,154
Warranty reserve	277	429
Accrued expenses	1,174	1,216
Lease liability	700	1,574
Gross deferred tax assets	27,860	24,085
Less valuation allowance	(27,080)	(22,432)
Total deferred tax assets	780	1,653
Deferred tax liabilities:
Purchased intangible assets	(199)	(384)
Property and equipment, due to differences in depreciation	(52)	(50)
Right of use asset	(688)	(1,564)
Total deferred tax liabilities	(939)	(1,998)
Net deferred tax liability	(159)	(345)
Deferred income tax asset	56	73
Deferred income tax liability	$ (215)	$ (418)

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Net sales and operating income (loss) for the Company's reporting segments and the Company's loss before income tax (benefit) expense for the years ended December 31, 2021 and 2020 were as follows:


	For the year ended December 31,
	2021		2020
Net sales:
Mobile connectivity	$	133,911	$	119,453
Inertial navigation	37,856		39,280
Consolidated net sales	$	171,767	$	158,733

Operating income (loss):
Mobile connectivity (1)	$	2,749	$	(10,071)
Inertial navigation	1,649		4,799
Subtotal	4,398		(5,272)
Unallocated, net	(22,344)		(17,665)
Loss from operations	(17,946)		(22,937)
Net interest and other income	8,075		1,171
Loss before income tax (benefit) expense	$	(9,871)	$	(21,766)

(1) Includes an impairment charge of $10,490 for the KVH Media Group reporting unit within the mobile connectivity segment for the year ended December 31, 2020.

Depreciation expense and amortization expense for the Company's segments are presented in the table that follows for the periods presented:


	For the year ended December 31,
	2021		2020
Depreciation expense:
Mobile connectivity	$	11,322	$	8,726
Inertial navigation	1,569		1,325
Unallocated	683		608
Total consolidated depreciation expense	$	13,574	$	10,659

Amortization expense:
Mobile connectivity	$	1,027	$	1,004
Inertial navigation	—		—
Unallocated	—		—
Total consolidated amortization expense	$	1,027	$	1,004

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Expenses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits as of January 1	$ 1,771	$ 1,897
Gross decrease in unrecognized tax benefits - prior year tax position	(104)	(105)
Lapse of statute of limitations	(14)	(21)
Unrecognized tax benefits as of December 31	$ 1,653	$ 1,771

Property and Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment, net, as of December 31, 2021 and 2020 consist of the following:


	December 31,
	2021		2020
Land	$	3,828	$	3,828
Building and improvements	24,271		24,197
Leasehold improvements	472		482
Revenue-generating assets	63,587		56,336
Machinery and equipment	16,790		15,536
Office and computer equipment	15,395		13,855
Motor vehicles	31		31
	124,374		114,265
Less accumulated depreciation	(64,260)		(57,992)
	$	60,114	$	56,273

Depreciation expense for the years ended December 31, 2021 and 2020 amounted to $13,574 and $10,659, respectively.

Certain revenue-generating hardware assets are utilized by the Company in the delivery of the Company's airtime services, media, and other content.

Goodwill and Intangible Assets - Goodwill Rollforward (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Goodwill [Roll Forward]
Balance at January 1	$ 6,592
Foreign currency translation adjustment	(22)
Balance at December 31	$ 6,570

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement, Noncash Expense [Abstract]

Schedule of weighted-average assumptions used to value options as of their grant date

The weighted-average assumptions used to value options as of their grant date were as follows:


	Year Ended December 31,
	2021		2020
Risk-free interest rate	0.92	%	0.21	%
Expected volatility	44.98	%	44.03	%
Expected life (in years)	4.28		4.29

Dividend yield	0	%	0	%

Schedule of share-based compensation, stock options, activity

The changes in outstanding stock options for the year ended December 31, 2021 and 2020 are as follows:


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in Years)	Aggregate Intrinsic Value
Outstanding at December 31, 2020	2,034	$	9.25
Granted	497	$	12.68
Exercised	(274)	$	9.86
Expired, canceled or forfeited	(130)	$	9.96
Outstanding at December 31, 2021	2,127	$	9.93	2.68	$	931
Exercisable at December 31, 2021	858	$	9.41	1.65	$	453
Options vested or expected to vest at December 31, 2021	2,127	$	9.93	2.68	$	931


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in Years)	Aggregate Intrinsic Value
Outstanding at December 31, 2019	1,624	$	9.86
Granted	654	$	8.12
Exercised	(110)	$	8.02
Expired, canceled or forfeited	(134)	$	12.14
Outstanding at December 31, 2020	2,034	$	9.25	3.21	$	4,288
Exercisable at December 31, 2020	611	$	9.83	2.19	$	939
Options vested or expected to vest at December 31, 2020	2,034	$	9.25	3.21	$	4,288

Schedule of share-based compensation, restricted stock and restricted stock units activity

Restricted stock activity under the 2006 Plan and the 2016 Plan for 2021 is as follows:


	Number of Shares	Weighted- average grant date fair value
Outstanding at December 31, 2020, unvested	556	$	8.90
Granted	217	12.23
Vested	(247)	9.18
Forfeited	(37)	9.46
Outstanding at December 31, 2021, unvested	489	$	10.19

Schedule of share-based compensation, activity

The following presents stock-based compensation expense, including expense for the ESPP, in the Company's consolidated statements of operations for the years ended December 31, 2021 and 2020.


	2021		2020
Cost of product sales	$	271	$	165
Cost of service sales	10		—
Research and development	644		593
Sales, marketing and support	898		682
General and administrative	2,286		2,022
	$	4,109	$	3,462

Schedule of Accumulated Other Comprehensive Income (Loss)

The components of the Company’s comprehensive loss and the effect on earnings for the periods presented are detailed in the accompanying consolidated statements of comprehensive loss.


	Foreign Currency Translation		Total Accumulated Other Comprehensive Loss
Balance, December 31, 2019	$	(2,767)	$	(2,767)
Other comprehensive loss	(465)		(465)

Net other comprehensive loss	(465)		(465)
Balance, December 31, 2020	(3,232)		(3,232)
Other comprehensive loss	(177)		(177)
Net other comprehensive loss	(177)		(177)
Balance, December 31, 2021	$	(3,409)	$	(3,409)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Components of inventories
Raw materials	$ 15,772	$ 13,957
Work in process	4,035	3,996
Finished goods	4,833	6,721
Inventories	$ 24,640	$ 24,674

Commitment and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Purchase Commitment
Operating Leased Assets [Line Items]
Unconditional purchase order obligations	$ 26,371
Facility
Operating Leased Assets [Line Items]
Operating lease rent	868	$ 875
Satellite Capacity and Equipment
Operating Leased Assets [Line Items]
Operating lease rent	$ 39,216	$ 34,990

Stockholders' Equity - AOCI Disclosure (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Beginning Balance

$ 131,884

$ 149,989

Foreign Currency Translation

^[1]

(177)

(465)

Ending Balance

128,977

131,884

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Beginning Balance

(3,232)

(2,767)

(177)

(465)

Accumulated Other Comprehensive Loss

(177)

(465)

Ending Balance

(3,409)

(3,232)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Beginning Balance

(3,232)

(2,767)

(177)

(465)

(177)

(465)

Ending Balance

$ (3,409)

$ (3,232)

[1]	Tax impact was nominal for all periods.

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
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