0001366868-22-000022 | 10-K | XBRL Viewer

Print Document View Excel Document

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 14,304	$ 13,330
Restricted cash	0	3,625
Accounts receivable, net of allowance for credit losses of $2,962 and $4,352, respectively	21,182	22,147
Inventory	13,829	13,736
Prepaid expenses and other current assets	19,558	15,649
Total current assets	68,873	68,487
Property and equipment, net	672,156	715,909
Restricted cash	0	51,068
Operating lease right of use assets, net	32,041	14,400
Intangible and other assets, net of accumulated amortization of $11,189 and $9,998, respectively	41,036	38,229
Total assets	814,106	888,093
Current liabilities:
Current portion of long-term debt	0	58,824
Accounts payable	6,247	2,917
Accrued expenses	28,947	25,916
Payables to affiliates	444	581
Deferred revenue	25,927	25,977
Total current liabilities	61,565	114,215
Long-term debt, less current portion	237,932	326,586
Operating lease liabilities	29,237	13,726
Deferred revenue, net	112,054	3,280
Other non-current liabilities	7,887	7,221
Total non-current liabilities	387,110	350,813
Commitments and contingent liabilities (Note 9)
Stockholders’ equity:
Preferred Stock	0	0
Additional paid-in capital	2,146,710	2,096,566
Accumulated other comprehensive income (loss)	1,890	(2,944)
Retained deficit	(1,783,349)	(1,670,724)
Total stockholders’ equity	365,431	423,065
Total liabilities and stockholders’ equity	814,106	888,093
Series A Preferred Stock
Stockholders’ equity:
Preferred Stock	0	0
Common Stock
Stockholders’ equity:
Common Stock	$ 180	$ 167
Common stock, shares authorized (in shares)	2,150,000,000	1,900,000,000
Nonvoting Common Stock
Stockholders’ equity:
Common Stock	$ 0	$ 0
Common stock, shares authorized (in shares)	0	0

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts receivable, allowance	$ 2,962	$ 4,352
Intangible assets and other assets, accumulated amortization	$ 11,189	$ 9,998
Preferred stock, par value (USD per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Series A Preferred Stock
Preferred stock, par value (USD per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	1	1
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common Stock
Common stock, par value (USD per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	2,150,000,000	1,900,000,000
Common stock, shares issued (in shares)	1,796,528,871	1,674,668,617
Common stock, shares outstanding (in shares)	1,796,528,871	1,674,668,617
Nonvoting Common Stock
Common stock, par value (USD per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	0	0
Common stock, shares issued (in shares)	0	0
Common stock, shares outstanding (in shares)	0	0

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue:
Revenue	$ 124,297	$ 128,487	$ 131,718
Operating expenses:
Cost of subscriber equipment sales - reduction in the value of inventory	1,004	662	416
Marketing, general and administrative	41,358	41,738	45,233
Reduction in the value of long-lived assets	242	416	1,124
Depreciation, amortization and accretion	96,237	96,815	95,772
Total operating expenses	189,800	187,650	195,764
Loss from operations	(65,503)	(59,163)	(64,046)
Other (expense) income:
Gain on extinguishment of debt	3,098	0	0
Interest income and expense, net of amounts capitalized	(43,536)	(48,429)	(62,464)
Derivative (loss) gain	(1,043)	2,897	145,073
Foreign currency (loss) gain	(6,308)	(727)	64
Other	368	(3,555)	(2,758)
Total other (expense) income	(47,421)	(49,814)	79,915
(Loss) income before income taxes	(112,924)	(108,977)	15,869
Income tax (benefit) expense	(299)	662	545
Net (loss) income	$ (112,625)	$ (109,639)	$ 15,324
Net (loss) income per common share:
Basic (USD per share)	$ (0.06)	$ (0.07)	$ 0.01
Diluted (USD per share)	$ (0.06)	$ (0.07)	$ (0.07)
Weighted-average shares outstanding:
Basic (in shares)	1,765,139	1,642,359	1,450,768
Diluted (in shares)	1,765,139	1,642,359	1,655,191
Service revenue
Revenue:
Revenue	$ 106,464	$ 113,191	$ 113,386
Operating expenses:
Cost of goods and services	37,372	34,751	37,456
Subscriber equipment sales
Revenue:
Revenue	17,833	15,296	18,332
Operating expenses:
Cost of goods and services	$ 13,587	$ 13,268	$ 15,763

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (112,625)	$ (109,639)	$ 15,324
Other comprehensive (loss) income:
Defined benefit pension plan liability adjustment	410	2,042	1,097
Net foreign currency translation adjustment	4,424	(1,537)	(707)
Total other comprehensive income	4,834	505	390
Total comprehensive (loss) income	$ (107,791)	$ (109,134)	$ 15,714

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 20: 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(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669619-108580

Reference 25: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669625-108580

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

+ Details

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Deficit	Retained Deficit Cumulative Effect, Period of Adoption, Adjustment
Balance, beginning (in shares) at Dec. 31, 2018			1,446,784
Balance, beginning at Dec. 31, 2018	$ 358,945		$ 145	$ 1,937,364	$ (3,839)	$ (1,574,725)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net issuance of restricted stock awards and recognition of stock-based compensation (in shares)			6,003
Net issuance of restricted stock awards and employee stock options and recognition of stock-based compensation	4,118			4,118
Contribution of services	338			338
Issuance and recognition of stock-based compensation of employee stock purchase plan (in shares)			2,257
Issuance and recognition of stock-based compensation of employee stock purchase plan	1,096			1,096
Stock offering issuance costs	(195)			(195)
Investment in business	155			155
Fair value of warrants issued in connection with 2019 Facility Agreement	$ 23,562			23,562
Accounting Standards Update [Extensible Enumeration]	us-gaap:AccountingStandardsUpdate201613Member
Issuance of stock warrant exercises (in shares)	9,500		9,500
Issuance of stock for warrant exercises	$ 3,610		$ 1	3,609
Other comprehensive income	390				390
Net (loss) income	15,324					15,324
Balance, ending (in shares) at Dec. 31, 2019			1,464,544
Balance, ending at Dec. 31, 2019	407,343	$ (1,684)	$ 146	1,970,047	(3,449)	(1,559,401)	$ (1,684)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net issuance of restricted stock awards and recognition of stock-based compensation (in shares)			7,637
Net issuance of restricted stock awards and employee stock options and recognition of stock-based compensation	4,767		$ 1	4,766
Contribution of services	232			232
Issuance and recognition of stock-based compensation of employee stock purchase plan (in shares)			2,253
Issuance and recognition of stock-based compensation of employee stock purchase plan	1,048			1,048
Common stock issued in connection with conversion of Loan Agreement with Thermo (in shares)			200,140
Common stock issued in connection with conversion of Loan Agreement with Thermo	120,461		$ 20	120,441
Common stock issued in connection with conversion of 2013 8.00% Notes (in shares)			95
Common stock issued in connection with conversion of 2013 8.00% Notes	32			32
Other comprehensive income	505				505
Net (loss) income	(109,639)					(109,639)
Balance, ending (in shares) at Dec. 31, 2020			1,674,669
Balance, ending at Dec. 31, 2020	423,065		$ 167	2,096,566	(2,944)	(1,670,724)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net issuance of restricted stock awards and recognition of stock-based compensation (in shares)			4,937
Net issuance of restricted stock awards and employee stock options and recognition of stock-based compensation	5,544		$ 1	5,543
Contribution of services	$ 188			188
Issuance and recognition of stock-based compensation of employee stock purchase plan (in shares)	12,000		1,887
Issuance and recognition of stock-based compensation of employee stock purchase plan	$ 747			747
Issuance of stock warrant exercises (in shares)			115,036
Issuance of stock for warrant exercises	43,678		$ 12	43,666
Other comprehensive income	4,834				4,834
Net (loss) income	(112,625)					(112,625)
Balance, ending (in shares) at Dec. 31, 2021			1,796,529
Balance, ending at Dec. 31, 2021	$ 365,431		$ 180	$ 2,146,710	$ 1,890	$ (1,783,349)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical)	Dec. 31, 2021	Dec. 31, 2013	May 31, 2013
8.00% Convertible Senior Notes Issued in 2013
Debt instrument, interest rate	8.00%	8.00%	8.00%

CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Cash flows provided by operating activities:
Net (loss) income	$ (112,625)	$ (109,639)	$ 15,324
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation, amortization and accretion	96,237	96,815	95,772
Change in fair value of derivatives	1,043	(2,897)	(145,073)
Stock-based compensation expense	6,541	5,670	5,700
Amortization of deferred financing costs	2,562	4,243	15,896
Reduction in the value of long-lived assets and inventory	1,246	1,078	1,540
Provision for credit losses	936	1,656	1,747
Noncash interest and accretion expense	35,897	33,847	21,453
Gain on extinguishment of debt	(3,098)	0	0
Change to estimated impact upon adoption of ASC 606	0	0	(3,885)
Loss on pension settlement	0	2,075	455
Noncash revenue recognized from terminated contract	0	(2,916)	0
Noncash reversal of tariff accrual	(1,023)	0	0
Unrealized foreign currency loss (gain)	6,394	1,362	(192)
Other, net	(1,232)	338	143
Changes in operating assets and liabilities:
Accounts receivable	1,361	(8,494)	(4,299)
Inventory	(80)	2,176	(1,664)
Prepaid expenses and other current assets	(5,266)	981	(421)
Other assets	82	(890)	864
Accounts payable and accrued expenses	(3,647)	(197)	(173)
Payables to affiliates	(136)	319	(395)
Other non-current liabilities	(609)	(60)	359
Deferred revenue	107,298	(3,252)	(103)
Net cash provided by operating activities	131,881	22,215	3,048
Cash flows used in investing activities:
Network upgrades (including interest)	(37,432)	(7,317)	(3,342)
Property and equipment additions	(6,307)	(5,157)	(4,594)
Sale of property and equipment	350	0	0
Purchase of intangible assets	(1,797)	(2,062)	(3,555)
Net cash used in investing activities	(45,186)	(14,536)	(11,491)
Cash flows (used in) provided by financing activities:
Principal payments of the 2009 Facility Agreement	(186,990)	(3,373)	(199,029)
Payments for debt and equity issuance costs	(286)	(1,074)	(6,166)
Proceeds from issuance of common stock and exercise of options	747	638	672
Net proceeds from common stock offering and exercise of warrants	43,678	0	3,610
Premium refund from the 2009 Facility Agreement	2,569	0	0
Proceeds from PPP Loan	0	4,973	0
Proceeds from Subordinated Loan Agreement	0	0	62,000
Payoff of Subordinated Loan Agreement	0	0	(62,000)
Proceeds from 2019 Facility Agreement	0	0	192,990
Net cash (used in) provided by financing activities	(140,282)	1,164	(7,923)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(132)	52	4
Net (decrease) increase in cash, cash equivalents and restricted cash	(53,719)	8,895	(16,362)
Cash, cash equivalents and restricted cash, beginning of period	68,023	59,128	75,490
Cash, cash equivalents and restricted cash, end of period	14,304	68,023	59,128
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	14,304	13,330	7,606
Restricted cash (See Note 6 for further discussion on restrictions)	0	54,693	51,522
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	14,304	68,023	59,128
Cash paid for:
Interest	5,534	10,918	27,353
Income taxes	188	68	45
Supplemental disclosure of non-cash financing and investing activities:
Increase in capitalized accrued interest for network upgrades	2,973	1,638	434
Capitalized accretion of debt discount and amortization of prepaid financing costs	612	447	501
Forgiveness of principal and interest of PPP Loan	5,030	0	0
Principal amount of Loan Agreement with Thermo converted into common stock	0	137,366	0
Reduction of debt discount and issuance costs due to conversion of Loan Agreement with Thermo	0	17,963	0
Fair value of common stock issued upon conversion of Loan Agreement with Thermo	0	84,059	0
Reduction in derivative liability due to conversion of Loan Agreement with Thermo	0	1,058	0
Fair value of warrants issued with 2019 Facility Agreement	$ 0	$ 0	$ 23,562

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Business

Globalstar, Inc. (“Globalstar” or the “Company”) provides Mobile Satellite Services (“MSS”) including voice and data communications services through its global satellite network. The Company’s only reportable segment is its MSS business. Thermo Companies, through commonly controlled affiliates, (collectively, “Thermo”) is the principal owner and largest stockholder of Globalstar. The Company's Executive Chairman of the Board controls Thermo. Two other members of the Company's Board of Directors are also directors, officers or minority equity owners of various Thermo entities.

The Company’s satellite communications business supports Internet of Things ("IoT") data transmissions in a variety of applications and provides reliable connectivity in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters. These communication services serve principally the following markets: recreation and personal; government; public safety and disaster relief; oil and gas; maritime and fishing; natural resources, mining and forestry; construction; utilities; and transportation.

Globalstar currently provides the following communications services:

•two-way voice communication and data transmissions via the GSP-1600 and GSP-1700 phones ("Duplex");

•one-way or two-way communication and data transmissions using mobile devices, including the SPOT family of products, such as SPOT X ®, SPOT Gen4TM and SPOT Trace®, that transmit messages and the location of the device ("SPOT");

•one-way data transmissions using a mobile or fixed device that transmits its location and other information to a central monitoring station, including commercial IoT products, such as the battery- and solar-powered SmartOne, STX-3 and ST100 ("Commercial IoT"); and

•engineering services to assist certain customers (including its customer under the Terms Agreement (defined below)) in developing new applications to operate on the Company's network, enhancements to the Company's ground network and other communication services using the Company's MSS and terrestrial spectrum licenses ("Engineering and Other").

Globalstar provides Duplex, SPOT and Commercial IoT products and services to customers directly and through a variety of partners.

COVID-19 Risks and Uncertainties

There are a number of uncertainties that could impact the Company's future results of operations, including the duration of the COVID-19 pandemic; the effectiveness of mitigation measures; global economic conditions; changes to the Company's operations; changes in consumer confidence, behaviors and spending; work from home trends; and the sustainability of supply chains. As a result of COVID-19, the Company experienced an initial reduction in the volume of sales of subscriber equipment, received requests for service pricing concessions from certain customers, and was impacted by certain of its customers not being able to pay outstanding balances.

The Company has pursued various opportunities to mitigate the risks and uncertainties resulting from COVID-19, including, but not limited to, the receipt of a $5.0 million loan under the Paycheck Protection Program ("PPP") and the evaluation of its eligibility for the Employee Retention Tax Credit program as well as seeking relief under the American Rescue Plan Act. In June 2021, the Small Business Administration ("SBA") fully approved the Company's request for forgiveness of all amounts outstanding, including accrued interest, under its PPP loan.

Use of Estimates in Preparation of Financial Statements

The preparation of Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from estimates. Certain reclassifications have been made to prior year Consolidated Financial Statements to conform to current year presentation. The Company evaluates estimates on an ongoing basis.

Principles of Consolidation

The Consolidated Financial Statements include the accounts of Globalstar and all its subsidiaries. All significant intercompany transactions and balances have been eliminated in the consolidation.

Cash and Cash Equivalents

Cash and cash equivalents consist of cash on hand and highly liquid investments with original maturities of three months or less.

Restricted Cash

There was no balance in restricted cash as of December 31, 2021. As of December 31, 2020, restricted cash was comprised of funds held in escrow by the agent for the Company’s facility agreement entered into in 2009 (the “2009 Facility Agreement”) to secure the Company’s principal and interest payment obligations related to its 2009 Facility Agreement. Restricted cash was classified as either a current or non-current asset on the Company's Consolidated Balance Sheet based on when these funds were expected to be used to pay principal and interest due under the 2009 Facility Agreement. As disclosed in Note 6: Long-Term Debt and Other Financing Arrangements, the Company fully paid down the 2009 Facility Agreement during 2021.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and restricted cash. Cash and cash equivalents and restricted cash consist primarily of highly liquid short-term investments deposited with financial institutions that are of high credit quality.

Accounts and Notes Receivable

On January 1, 2020, the Company adopted the provisions of ASU No. 2016-13, Credit Losses, Measurement of Credit Losses on Financial Instruments. The most significant driver of this adjustment was the Company’s change in accounting policy related to expected losses (rather than incurred losses) from trade receivables applied to its portfolio based on historical and future performance.

Receivables are recorded when the right to consideration from the customer becomes unconditional, which is generally upon billing or upon satisfaction of a performance obligation, whichever is earlier. Accounts receivable are uncollateralized, without interest, and consist primarily of receivables from the sale of Globalstar services and equipment. For service customers, payment is generally due within thirty days of the invoice date and for equipment customers, payment is generally due within thirty to sixty days of the invoice date, or, for some customers, may be made in advance of shipment. The Company has agreements with certain customers whereby the parties net settle outstanding payables and receivables between the respective entities on a periodic basis. The Company also has agreements whereby it acts as an agent to procure goods and perform services on behalf of the customer; payment is generally due within 45 days of the invoice date for this customer.

The Company performs ongoing credit evaluations of its customers and impairs receivable balances by recording specific allowances for credit losses based on factors such as supportable and reasonable current trends, the length of time the receivables are past due and historical collection experience. The Company believes that historical collection experience is the most reasonable basis for predicting future performance. The Company’s major portfolio of contract assets are customer receivables and, as such, historical delinquency percentages are generally consistent over time. The estimate of the allowance for credit losses is computed using aging schedules by type of revenue (service and subscriber equipment), by product (Duplex, SPOT and Commercial IoT) and by country. As discussed above, accounts receivable are considered past due in accordance with the contractual terms of the applicable arrangements. The Company applies a loss rate to its portfolio of trade receivables based on past-due status and records an allowance for credit losses, which represents the expected losses of those trade receivables over their estimated contractual life. The estimated life may vary by service and product type, but is generally less

than one year. Allowances are generally recorded for all aging categories of outstanding receivables, including those in the current category. Accounts receivable balances that are determined likely to be uncollectible are included in the allowance for credit losses. After attempts to collect a receivable have failed, the receivable is written off against the allowance.

The Company considered the potential impact of COVID-19 on its portfolio of trade receivables and increased its loss rate for certain receivables, in limited circumstances. The Company will continue to reassess its sales and collections of receivables each reporting period to support its allowance across its portfolio.

The following is a summary of the activity in the allowance for credit losses (in thousands):


	Year Ended December 31,
	2021		2020		2019
Balance at beginning of period	$	4,352	$	2,952	$	3,382
Impact of adoption of ASU 2016-13	—		1,684		—
Provision, net of recoveries	409		1,656		1,747
Write-offs and other adjustments	(1,799)		(1,940)		(2,177)
Balance at end of period	$	2,962	$	4,352	$	2,952

Inventory

Inventory consists primarily of purchased products, including subscriber equipment devices, which work on the Company’s network, of approximately $9.6 million and $9.5 million as of December 31, 2021 and 2020, respectively, as well as ground infrastructure assets expected to be used as spare parts of approximately $4.2 million as of December 31, 2021 and 2020, respectively. Inventory is stated at the lower of cost or net realizable value. Cost is computed using the first-in, first-out (FIFO) method. Inventory write downs are measured as the difference between the cost of inventory and the net realizable value and are recorded as a cost of subscriber equipment sales - reduction in the value of inventory in the Company’s Consolidated Financial Statements. Product sales and returns from the previous 12 months and future demand forecasts are reviewed and excess and obsolete inventory is written off.

For the years ended December 31, 2021 and 2020, the Company wrote down the value of inventory by $1.0 million and $0.7 million, respectively, after adjusting for changes in net realizable value. In 2021, the Company wrote off certain Sat-Fi2® materials that were not likely to be used in production as well as defective inventory units that were no longer saleable. In 2020, the Company discontinued production of a second-generation Duplex device, which was the majority of the write down recorded. The remaining reduction in value of inventory recorded during 2020 was driven by an evaluation of excess or obsolete inventory related to end of life products and technology. In 2019, the Company reduced the carrying value of gateway spare parts due to excess hardware parts.

Property and Equipment

The Globalstar System includes costs for the design, manufacture, test and launch of a constellation of low earth orbit satellites (the “Space Component”), and primary and backup control centers and gateways (the “Ground Component”). Property and equipment is stated at cost, net of accumulated depreciation.

Costs associated with the design, manufacture, test and launch of the Company’s Space and Ground Components are capitalized. Capitalized costs associated with the Company’s Space Component, Ground Component, and other assets are tracked by fixed asset category and are allocated to each asset as it comes into service. When a second-generation satellite is incorporated into the second-generation constellation, the Company begins depreciation on the date the satellite is placed into service, which was the point that the satellite reaches its orbital altitude, over its estimated depreciable life.

The Company capitalizes interest costs associated with the costs of assets in progress. Capitalized interest is added to the cost of the underlying asset and is amortized over the depreciable life of the asset after it is placed into service. As the Company’s construction in progress increases, the Company capitalizes more interest, resulting in a lower amount of net interest expense recognized under U.S. GAAP.

Depreciation is provided using the straight-line method over the estimated useful lives of the respective assets as follows:

Space Component - 15 years from the commencement of service

Ground Component - 7 or 15 years from commencement of service

Software, Facilities & Equipment - 3 to 10 years

Buildings - 18 years

Leasehold Improvements - Shorter of lease term or the estimated useful lives of the improvements

The estimated useful lives of the Company's Space and Ground components were based on estimated design life, information from the Company's engineering department and overall Company strategy for the use of these assets. The Company evaluates and revises the estimated depreciable lives assigned to property and equipment based on changes in facts and circumstances. When changes are made to estimated useful lives, the remaining carrying amounts are depreciated prospectively over the remaining useful lives.

For assets that are sold or retired, including satellites that are de-orbited and no longer providing services, the estimated cost and accumulated depreciation is removed from property and equipment.

The Company assesses the impairment of property and equipment whenever events or changes in circumstances indicate that the recorded value may not be recoverable. Recoverability of assets is measured by comparing the carrying amounts of the assets to the estimated future undiscounted cash flows, excluding financing costs. If the asset is not recoverable, its carrying value would be adjusted down to fair value and an impairment loss would be recorded. Additionally, the Company routinely performs profitability analyses to determine if investments in certain products and/or services remain viable. In the event the Company decides not to support a product or service, or determines that an asset is not expected to generate future benefit, the asset may be abandoned and an impairment loss may be recorded on the associated assets.

Assets held for sale are carried at the lower of cost or fair value less estimated cost to sell; these assets are generally classified as current on the Company's consolidated balance sheets as the disposal of these assets is expected within one year. As of December 31, 2020, the Company had approximately $0.3 million of assets classified as held for sale. During 2021, the Company sold the property of its former gateway location in Nicaragua. For this former gateway location, the change in classification from held and used to held for sale resulted in an initial impairment of long-lived assets of $1.1 million during 2019, which was recorded in the Company's consolidated statement of operations. In the fourth quarter of 2020, the Company signed a contract for the sale of this property; the final selling price (net of estimated costs to sell) is $0.3 million and, as a result, the Company recorded an additional impairment totaling $0.2 million.

Leases

The Company has operating and finance leases for facilities and equipment around the world, including corporate offices, satellite control centers, ground control centers, gateways and certain equipment.

Upon inception of a contract, the Company evaluates if the contract, or part of the contract, contains a lease. A lease conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Leases include both a right-of-use asset and a lease liability. The right-of-use asset represents the Company’s right to use the underlying asset in the lease. Certain initial direct costs associated with consummating a lease are included in the initial measurement of the right-of-use asset. The right-of-use asset also includes prepaid lease payments and lease incentives. The lease liability represents the present value of the remaining lease payments discounted using the implicit rate in the lease on the lease commencement date. For leases in which the implicit rate is not readily determinable, an estimated incremental borrowing rate is used, which represents a rate of interest that the Company would pay to borrow on a collateralized basis over a similar term. The Company has elected to combine lease and non-lease components, if applicable.

For operating leases, the Company records lease expense on a straight-line basis over the lease term in either marketing, general and administrative expense or cost of services, depending on the nature of the underlying asset. For finance leases, the Company records the amortization of the right-of-use asset through depreciation, amortization and accretion expense and records the interest expense on the lease liability through interest expense, net, using the effective interest method.

Variable lease payments are payments made to a lessor due to changes in circumstances occurring after the commencement date. Variable lease payments dependent upon an index or rate are included in the measurement of the lease liability; all other variable lease payments are not included in the measurement of the lease liability and recognized when incurred. Variable lease payments excluded from the measurement of the lease liability are uncommon and, when incurred, are immaterial for the Company.

The Company’s existing leases have remaining lease terms of less than 1 year to 20 years. Lease terms include renewal or termination options that the Company is reasonably certain to exercise. For leases with a term of twelve months or less, the Company does not record a right-of-use asset and associated lease liability on its consolidated balance sheet.

The Company reviews the carrying value of its right-of-use assets for impairment whenever events or changes in circumstances indicate that the recorded value may not be recoverable. Recoverability of assets is measured by comparing the carrying amounts of the assets to the estimated future undiscounted cash flows, excluding financing costs. If a right-of-use asset is not recoverable, its carrying value would be adjusted down to fair value and an impairment loss would be recorded.

Derivative Instruments

Upon inception of a contract, the Company evaluates if the contract contains a derivative instrument. The Company has financing arrangements that are hybrid instruments that contain embedded derivative features. Derivative instruments are recognized as either assets or liabilities in the consolidated balance sheets and are measured at fair value with gains or losses recognized in earnings. The Company determines the fair value of derivative instruments based on available market data and assumptions developed by management using appropriate valuation models.

Deferred Financing Costs

Deferred financing costs are those costs directly incurred in obtaining long-term debt. These costs are amortized as additional interest expense over the expected term of the corresponding debt. Deferred financing costs are recorded on the Company's consolidated balance sheets as a reduction in the carrying amount of the related debt liability. The Company classifies deferred financing costs consistent with the classification of the related debt outstanding at the end of the reporting period. As of December 31, 2021 and 2020, the Company had net deferred financing costs of $27.3 million and $38.5 million, respectively.

Fair Value of Financial Instruments

The Company believes it is not practicable to determine the fair value of the 2019 Facility Agreement, the 2009 Facility Agreement and the PPP Loan. Interest rates and other terms for long-term debt are not readily available and generally involve a variety of factors, including due diligence by the debt holders. For the Company’s 8.00% Convertible Senior Notes Issued in 2013 (“2013 8.00% Notes”), the fair value of debt is calculated using inputs consistent with those used to calculate the fair value of the derivatives embedded in these instruments.

Litigation, Commitments and Contingencies

The Company is subject to various claims and lawsuits that arise in the ordinary course of business. Estimating liabilities and costs associated with these matters requires judgment and assessment based on professional knowledge and experience of our management and legal counsel. When a loss is considered probable and reasonably estimable, a liability is recorded for the Company's best estimate. If there is a range of loss, the Company will record a reserve based on the low end of the range, unless facts and circumstances can support a different point in the range. When a loss is probable, but not reasonably estimable, disclosure is provided, as considered necessary. Reserves for potential claims or lawsuits may be relieved if the loss is no longer considered probable. The ultimate resolution of any such exposure may vary from earlier estimates as further facts and circumstances become known.

Gain/Loss on Extinguishment of Debt

Gain or loss on extinguishment of debt generally is recorded upon an extinguishment of a debt instrument or the conversion of certain of the Company’s convertible notes. Gain or loss on extinguishment of debt is calculated as the difference between the reacquisition price and net carrying amount of the debt, which includes unamortized debt issuance costs, and is recorded as an extinguishment gain or loss in the Company’s consolidated statement of operations.

Revenue Recognition and Deferred Revenue

Revenue consists primarily of satellite voice and data service revenue, revenue generated from the sale of fixed and mobile devices, and revenue from providing engineering and support services. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer. Each type of revenue is a separate performance obligation with distinct deliverables and is therefore accounted for discretely. Revenue is measured based on the consideration specified in a contract

with a customer, adjusted for credits and discounts, as applicable, and is recognized when the Company satisfies a performance obligation by transferring control over a product or service to a customer.

Generally, service revenue is recognized over a period of time and revenue from the sale of subscriber equipment is recognized at a point in time. The recognition of revenue for service is over time as the customer simultaneously receives and consumes the benefits of the Company’s performance over the contract term. The recognition of revenue for subscriber equipment is at a point in time as the risks and rewards of ownership of the hardware transfer to the customer generally upon shipment, which is when legal title of the product transfers to the customer, among other things (as discussed further below).

The Company does not record sales taxes, telecommunication taxes or other governmental fees collected from customers in revenue. The Company excludes these taxes from the measurement of contract transaction prices.

The Company receives payment from customers in accordance with billing statements or invoices for customer contracts; these payments may be in advance or arrears of services provided to the customer by the Company. Customer payments received in advance of the corresponding service period are recorded as deferred revenue.

Upon activation of a Globalstar device, certain customers are charged an activation fee, which is recognized over the term of the expected customer life. Credits granted to customers are expensed or charged against revenue or accounts receivable over the remaining term of the contract. Estimates related to earned but unbilled service revenue are calculated primarily using current subscriber data, including plan subscriptions and usage between the end of the billing cycle and the end of the period. The recognition of service revenue related to amounts allocated to performance obligations that were satisfied (or partially satisfied) in a previous period is not material to the Company’s financial statements. Amounts related to earned but unbilled revenue from the sale of subscriber equipment are recognized if hardware is shipped prior to the invoice being generated. This situation may result from multi-deliverable contracts, whereby equipment and service revenue are bundled and billed over time to a single customer.

Provisions for estimated future warranty costs, returns and rebates are recorded as a cost of sale, or a reduction to revenue, as applicable. These costs are based on historical trends and the provision is reviewed regularly and periodically adjusted to reflect changes in estimates.

Certain contracts with customers may contain a financing component. Under ASC 606, an entity should adjust the promised amount of the consideration for the effects of time value of money if the timing of the payments agreed upon by the parties to the contract provides the customer or the entity with a significant benefit of financing for the transfer of goods or services to the customer. For certain engineering services provided pursuant to the Company's previously disclosed Terms Agreement (which is defined and discussed in more detail below in Engineering and Other Service Revenue), the length of time between receipt of payment by the customer and transfer of services by the Company is greater than one year. Accordingly, payments made by the customer pursuant to the Terms Agreement includes a significant financing component. The Company accretes interest expense using the effective interest rate method over the period in which these advance payments are outstanding. The rate in which interest is computed is based on rates implicit in the Terms Agreement. For the Company's subscriber contracts, transactions with a significant financing component are infrequent and not considered material to the Company as the time between cash collection and performance is generally less than one year.

The following describes the principal activities from which the Company generates its revenue.

Duplex Service Revenue. The Company recognizes revenue for monthly access fees in the period services are rendered. The Company offers certain annual plans whereby a customer prepays for a predetermined amount of minutes and data. In these cases, revenue is recognized consistent with a customer's expected pattern of usage based on historical experience because the Company believes that this method most accurately depicts the satisfaction of the Company's obligation to the customer. This usage pattern is typically seasonal and highest in the second and third calendar quarters of the year. The Company offers other annual plans whereby the customer is charged an annual fee to access the Company’s system with an unlimited amount of usage. Annual fees for unlimited plans are recognized on a straight-line basis over the term of the plans.

SPOT Service Revenue. The Company sells SPOT services as monthly, annual or multi-year plans and recognizes revenue on a straight-line basis over the service term, beginning when the service is activated by the customer.

Commercial IoT Service Revenue. The Company sells Commercial IoT services as monthly, annual or multi-year plans and recognizes revenue ratably over the service term or as service is used, beginning when the service is activated by the customer.

Equipment Revenue. Subscriber equipment revenue represents the sale of fixed and mobile user terminals, SPOT and Commercial IoT products, and accessories. The Company recognizes revenue upon shipment provided control has transferred to the customer. Indicators of transfer of control include, but are not limited to; 1) the Company’s right to payment, 2) the customer has legal title of the equipment, 3) the Company has transferred physical possession of the equipment to the customer or carrier, and 4) the customer has significant risks and rewards of ownership of the equipment. The Company sells equipment designed to work on its network through various channels, including through partners as well as direct to consumers or other businesses by its global sales team and through its e-commerce website. The sales channel depends primarily on the type of equipment and geographic region. Promotional rebates are offered from time to time. A reduction to revenue is recorded to reflect the lower transaction price based on an estimate of the customer take rate at the time of the sale using primarily historical data. This estimate is adjusted periodically to reflect actual rebates given to the Company’s customers. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment cost and are included in cost of subscriber equipment sales.

Engineering and Other Service Revenue. Other service revenue includes primarily revenue associated with engineering services to assist customers in developing new applications to operate on its network. The revenue associated with these engineering services is generally recorded over time as the services are rendered, and the Company's obligation to the customer is satisfied. In February 2020, the Company entered into an agreement (i) providing for a customer to pay the Company for non-recurring engineering (NRE) services in connection with the assessment of a potential service utilizing certain of the Company's assets and capacity, and (ii) setting forth the primary terms for the potential development and operation of the service (the “Terms Agreement”). In connection with the Terms Agreement, the Company has incurred certain costs to fulfill this contract. In accordance with applicable accounting guidance, the Company nets these costs against the deferred revenue balance associated with this customer. See further discussion below in Intangible and Other Assets.

Multiple-Element Arrangement Contracts. At times, the Company will sell subscriber equipment through multiple-element arrangement contracts with services. When the Company sells subscriber equipment and services in bundled arrangements and determines that it has separate performance obligations, the Company allocates the bundled contract price among the various performance obligations based on relative stand-alone selling prices at contract inception of the distinct goods or services underlying each performance obligation and recognizes revenue when, or as, each performance obligation is satisfied.

Stock-Based Compensation

The Company recognizes compensation expense in the financial statements for both employee and non-employee share-based awards based on the grant date fair value of those awards. The Company uses the Black-Scholes option pricing model to estimate the fair value of stock option awards on the date of grant. For restricted stock awards and units, the fair value is determined from the stock price on the grant date. The Company's estimate of the forfeiture rate of its share-based awards also impacts the timing of expense recorded over the vesting period of the award. The Company's estimate for pre-vesting forfeitures is recognized over the requisite service periods of the awards on a straight-line basis, which is generally commensurate with the vesting term. For share-based awards with a performance condition that affects vesting, the Company recognizes compensation cost for awards if and when the performance condition is probable of achievement. See Note 15: Stock Compensation for a description of methods used to determine the Company's assumptions.

Foreign Currency

The functional currency of the Company’s foreign consolidated subsidiaries is generally their local currency, unless the subsidiary operates in a hyperinflationary economy, such as Venezuela and Argentina. Assets and liabilities of its foreign subsidiaries are translated into United States dollars based on exchange rates at the end of the reporting period. Income and expense items are translated at the average exchange rates prevailing during the reporting period. For 2021, 2020 and 2019, the foreign currency translation adjustments were net gains of $4.4 million, net losses of $1.5 million and net losses of $0.7 million, respectively.

Foreign currency transaction gains/losses were approximately net losses of $6.3 million, net losses of $0.7 million and net gains of $0.1 million for each of 2021, 2020, and 2019, respectively.

Asset Retirement Obligation

Liabilities arising from legal obligations associated with the retirement of gateway long-lived assets are measured at fair value and recorded as a liability. Upon initial recognition of a liability for retirement obligations, the Company also capitalizes, as part of the asset carrying amount, the estimated costs associated with its expected retirement. This asset is depreciated over the life of the gateway to be retired. Accretion of the asset retirement obligation liability and depreciation of the related assets are included in depreciation, amortization and accretion in the accompanying consolidated statements of operations. As of December 31, 2021 and 2020, the Company had accrued approximately $2.5 million and $1.6 million, respectively, for asset retirement obligations. During 2021, the Company continued the expansion of its gateway footprint in connection with the Terms Agreement, which resulted in the commencement of new leases and the installation of new equipment; as a result of this expansion, the Company established new asset retirement obligations for six gateways resulting in a total increase to the liability of $0.8 million during 2021. There were no settlements during 2021. The Company believes this estimate will be sufficient to satisfy the Company’s obligation under site leases to remove the gateway equipment and restore the lease sites to their original condition.

Warranty Expense

Warranty terms extend from 90 days on equipment accessories to one year for fixed and mobile user terminals. A provision for estimated future warranty costs is recorded as cost of sales when products are shipped. Warranty costs are based on historical trends in warranty charges as a percentage of gross product shipments. The resulting accrual is reviewed regularly and periodically adjusted to reflect changes in warranty cost estimates.

Research and Development Expenses

Research and development costs were $1.0 million, $1.9 million and $3.2 million for 2021, 2020 and 2019, respectively. These costs are expensed as incurred as cost of services and include primarily the cost of new product development, chip set design and other engineering work.

Income Taxes

The Company is taxed as a C corporation for U.S. tax purposes. The Company recognizes deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis, operating losses and tax credit carryforwards. The Company measures deferred tax assets and liabilities using tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company recognizes the effect on deferred tax assets and liabilities of a change in tax rates in income in the period that includes the enactment date; however, as the Company has a full valuation allowance on its deferred tax assets, there is no impact to the consolidated statements of operations and balance sheets.

The Company recognizes valuation allowances to reduce deferred tax assets to the amount that is more likely than not to be realized. In assessing the likelihood of realization, management considers: (i) future reversals of existing taxable temporary differences; (ii) future taxable income exclusive of reversing temporary differences and carryforwards; (iii) taxable income in prior carry-back year(s) if carry-back is permitted under applicable tax law; and (iv) tax planning strategies.

Comprehensive (Loss) Income

All components of comprehensive (loss) income, including the minimum pension liability adjustment and foreign currency translation adjustment, are reported in the financial statements in the period in which they are recognized. Comprehensive (loss) income is defined as the change in equity during a period from transactions and other events and circumstances from non-owner sources.

(Loss) Earnings Per Share

Basic (loss) earnings per share is computed by dividing (loss) income available to common stockholders by the weighted average number of shares of common stock outstanding during the period. In periods of net income, the numerator used to calculate diluted EPS includes the effect of dilutive securities, including interest expense, net, and derivative gains or losses reflected in net (loss) income. Common stock equivalents are included in the calculation of diluted earnings per share only when the effect of their inclusion would be dilutive. The effect of potentially dilutive common shares for the Company's convertible notes are calculated using the if-converted method. Generally, for all other potentially dilutive common shares, the effect is calculated using the treasury stock method.

Intangible and Other Assets

Intangible Assets Not Subject to Amortization

A significant portion of the Company's intangible assets are licenses that provide the Company the exclusive right to provide MSS services over the Globalstar System or to utilize designated radio frequency spectrum to provide terrestrial wireless communication services in a particular region of the world. While licenses are issued for only a fixed time, such licenses are subject to renewal by the Federal Communications Commission ("FCC") or equivalent international regulatory authorities. These license renewals are expected to occur routinely and at nominal cost. Moreover, the Company has determined that there are currently no legal, regulatory, contractual, competitive, economic or other factors that limit the useful life of its wireless licenses. As a result, the Company treats the wireless licenses as an indefinite-lived intangible asset. The Company re-evaluates the useful life determination for wireless licenses annually, or more frequently if needed, to determine whether events and circumstances continue to support an indefinite useful life. Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If an indicator is present, the Company would measure recoverability by comparing the carrying amount to the future undiscounted cash flows the asset is expected to generate. If the asset is not recoverable, the undiscounted cash flows do not exceed the carrying amount and the carrying amount would be adjusted down to its fair value.

Intangible Assets Subject to Amortization

Our intangible assets that do not have indefinite lives are amortized over their estimated useful lives. For information related to each major class of intangible assets, including accumulated amortization and estimated average useful lives, see Note 5: Intangible and Other Assets.

Other Assets

Prepaid Licenses and Royalties

The Company has signed various licensing and royalty agreements necessary for the manufacture and distribution of its products. Amounts that are prepaid are recorded primarily in noncurrent assets on the Company's consolidated balance sheet. The Company estimates the portion of expense incurred or royalties earned for the next 12 months and reclassifies these amounts to current assets on the Company's consolidated balance sheet each reporting period. The Company will expense these amounts through depreciation expense over the life of the gateway, maintenance expense over the term of the services, or cost of goods sold on a per unit basis as these units are manufactured, sold, or activated.

Contract Costs

The Company also capitalizes incremental costs to obtain and/or fulfill a contract to the extent it expects to recover them. For subscriber-driven contracts, these capitalized contract acquisition costs primarily include deferred subscriber acquisition costs and are amortized consistently with the pattern of transfer of the good or delivery of the service to which the asset relates. For engineering and support service contracts, these contract costs may include certain expenses incurred by the Company prior to the customer benefiting from the service. When a contract terminates prior to the end of its expected life, the remaining contract acquisition cost associated with it becomes impaired and the amount is expensed.

Total contract acquisition costs were $1.7 million and $2.4 million as of December 31, 2021 and 2020, respectively, and are recorded in other assets on the Company's consolidated balance sheet. These costs are typically amortized to marketing, general and administrative expenses over three years, which considers anticipated contract renewals. For the years ended December 31, 2021, 2020 and 2019, the amount of amortization related to contract acquisition costs was $2.1 million, $2.1 million and $1.4 million, respectively.

Total costs to fulfill a contract were $2.1 million and zero as of December 31, 2021 and 2020, respectively, and are netted against the associated contract liability, which is recorded in deferred revenue on the Company's consolidated balance sheet. As of December 31, 2021, costs to fulfill a contract are associated with one customer contract and are netted against this customer's contract liability balance in accordance with ASC 606. These costs are amortized to cost of services or marketing, general and administrative expense over the period in which the Company commences its performance obligations through the estimated completion of the contract term, consistent with the period in which the customer benefits from the services provided. The Company did not amortize any costs to fulfill a contract during 2021.

Impairment of Intangible and Other Assets

The Company assesses these intangible assets for impairment annually or more frequently if events or changes in circumstances indicate that it is more likely than not that the asset is impaired. In assessing whether it is more likely than not that such an asset is impaired, the Company assesses relevant events and circumstances that could affect the significant inputs used to determine the fair value of the asset. If the Company determines that an impairment exists, any related loss is estimated based on fair values.

Other Information

Advertising Expenses

Advertising costs were $2.3 million, $2.5 million and $3.4 million for 2021, 2020, and 2019, respectively. These costs are expensed as incurred as marketing, general and administrative expenses.

Recently Issued Accounting Pronouncements

In August 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2020-06: Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. Among other things, ASU No. 2020-06 simplifies the guidance in ASC 470 by eliminating two of the three models that require separating embedded conversion features from convertible instruments. This ASU is effective for public entities for annual and interim periods beginning after December 15, 2021. The Company adopted this standard when it became effective on January 1, 2022. For existing debt instruments, this standard will not have a material impact to its consolidated financial statements or related disclosures.

Recently Adopted Accounting Pronouncements

In August 2018, the FASB issued ASU No. 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans - General Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans. As part of the FASB's disclosure framework project, it has changed the disclosure requirements for defined pension and other post-retirement benefit plans as outlined in ASU No. 2018-14. This ASU is effective for public entities for annual periods beginning after December 15, 2020. This ASU adds certain narrative disclosures and removes other disclosures as outlined in ASU No. 2018-14 related to the defined benefit plan as outlined in ASU No. 2018-14. The Company adopted this standard when it became effective on January 1, 2021. The adoption of this standard impacted certain of the Company's disclosures in this Report.

In December 2019, the FASB issued ASU No. 2019-12: Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ASU No. 2019-12 amends the accounting treatment for income taxes by simplifying and clarifying certain aspects of the existing guidance. This ASU is effective for public entities for annual and interim periods beginning after December 15, 2020. The Company adopted this standard when it became effective on January 1, 2021. The adoption of this standard did not have a material effect on the Company's financial statements or related disclosures.

REVENUE

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

REVENUE

2. REVENUE

Disaggregation of Revenue

The following table discloses revenue disaggregated by type of product and service (amounts in thousands):


	Twelve Months Ended December 31,
	2021		2020		2019
Service revenue:
Duplex	$	31,197	$	33,878	$	43,679
SPOT	46,040		46,417		50,461
Commercial IoT	17,951		17,174		16,972
Engineering and other	11,276		15,722		2,274
Total service revenue	106,464		113,191		113,386

Subscriber equipment sales:
Duplex	$	1,011	$	1,883	$	1,325
SPOT	9,427		8,176		7,617
Commercial IoT	7,169		5,140		9,300
Other	226		97		90
Total subscriber equipment sales	17,833		15,296		18,332

Total revenue	$	124,297	$	128,487	$	131,718

The Company attributes equipment revenue to various countries based on the location where equipment is sold. Service revenue is generally attributed to the various countries based on the Globalstar entity that holds the customer contract. The following table discloses revenue disaggregated by geographical market (amounts in thousands):


	Twelve Months Ended December 31,
	2021		2020		2019
Service revenue:
United States	$	77,058	$	84,290	$	80,704
Canada	17,913		18,217		20,709
Europe	7,300		7,040		8,628
Central and South America	3,442		2,717		2,513
Others	751		927		832
Total service revenue	106,464		113,191		113,386

Subscriber equipment sales:
United States	$	10,238	$	8,226	$	9,937
Canada	3,029		3,741		4,632
Europe	2,018		1,639		1,707
Central and South America	2,487		1,674		1,946
Others	61		16		110
Total subscriber equipment sales	17,833		15,296		18,332

Total revenue	$	124,297	$	128,487	$	131,718

Accounts Receivable

The Company has agreements with certain customers whereby the parties net settle outstanding payables and receivables between the respective entities on a periodic basis. As of December 31, 2021 and 2020, $0.7 million and $1.9 million, respectively, related to these agreements was included in accounts receivable on the Company’s consolidated balance sheet.

During 2021, the Company net settled certain of the balances, resulting in a decrease in accounts receivable. The Company also has agreements whereby it acts as an agent to procure goods and perform services on behalf of the customer. As of December 31, 2021 and 2020, the Company recorded $6.5 million and $4.7 million, respectively, in accounts receivable related to these arrangements.

Contract Liabilities

Contract liabilities, which are included in deferred revenue on the Company’s consolidated balance sheet, represent the Company’s obligation to transfer service or equipment to a customer from whom it has previously received consideration. The amount of revenue recognized during the years ended December 31, 2021 and 2020 from performance obligations included in the contract liability balance at the beginning of these periods was $24.1 million and $31.2 million, respectively. Additionally, during the fourth quarter of 2020, the Company recognized $2.9 million of revenue previously included in non-current deferred revenue related to a contract executed in 2007 for the construction of a gateway in Nigeria, upon its termination due to a lack of performance by the partner, and the Company's performance of all obligations in accordance with the terms of the contract.

In general, the duration of the Company’s contracts with subscribers is one year or less. As of December 31, 2021, the Company expects to recognize $25.9 million, or approximately 19%, of its remaining performance obligations during the next twelve months.

Contract liabilities also includes advance payments from a customer pursuant to an agreement related to the Terms Agreement discussed in Note 1: Summary of Significant Accounting Policies. The Company received two advance payments of $37.5 million each from this customer in June and September 2021. These advanced payments are recorded in deferred revenue and classified as either short-term or long-term deferred revenue consistent with the expected timing of the Company's obligation to provide services to the customer over the recoupment period defined in the Terms Agreement. As of December 31, 2021, the Company has recorded $1.0 million and $112.4 million as short-term and long-term deferred revenue, respectively, which reflects the advanced payments previously described as well as additional advance payments in connection with ongoing network upgrades. Reflected in the deferred revenue balance is $1.9 million of imputed interest associated with the significant financing component related to these advance payments. The total amount of deferred revenue associated with this customer also is reflected net of a contract asset of $2.1 million on its consolidated balance sheet as of December 31, 2021.

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

LEASES

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

LEASES

3. LEASES

The following tables disclose the components of the Company’s finance and operating leases (amounts in thousands):


	As of December 31,
	2021		2020
Operating leases:
Right-of-use asset, net	$	32,041	$	14,400

Short-term lease liability (recorded in accrued expenses)	2,501		1,330
Long-term lease liability	29,237		13,726
Total operating lease liabilities	$	31,738	$	15,056

Finance leases:
Right-of-use asset, net (recorded in intangible and other current assets, net)	$	8	$	19

Short-term lease liability (recorded in accrued expenses)	6		11
Long-term lease liability (recorded in non-current liabilities)	3		9
Total finance lease liabilities	$	9	$	20

In connection with the Company's gateway expansion project related to the Terms Agreement, the Company has entered into various operating leases, predominately for new gateway sites, totaling $19.7 million during 2021. The tables in this footnote reflect the relevant terms of these new leases.

Lease Cost

The components of lease cost are reflected in the table below (amounts in thousands):


	Twelve Months Ended December 31,
	2021		2020		2019

Operating lease cost:
Amortization of right-of-use assets	$	2,601	$	1,880	$	1,719
Interest on lease liabilities	1,948		1,320		1,098
Capitalized lease cost	(615)		—		—
Finance lease cost:
Amortization of right-of-use assets	11		76		105
Interest on lease liabilities	1		4		11
Short-term lease cost	213		100		180
Total lease cost	$	4,159	$	3,380	$	3,113

In accordance with the Terms Agreement, the Company began capitalization of certain costs to fulfill this contract during 2021, including lease expense, as shown in the table above. These capitalized lease costs will be amortized over the expected term of the related performance obligation.

Weighted-Average Remaining Lease Term and Discount Rate

The following table discloses the weighted-average remaining lease term and discount rate for finance and operating leases:


	As of December 31,
	2021		2020

Weighted-average lease term
Finance leases	1.6 years		1.8 years
Operating Leases	10.6 years		8.3 years

Weighted-average discount rate
Finance leases	7.0	%	7.2	%
Operating leases	8.4	%	8.4	%

Supplemental Cash Flow Information

The below table discloses supplemental cash flow information for finance and operating leases (in thousands):


	Twelve Months Ended December 31,
	2021		2020		2019

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5,445	$	3,055	$	2,647
Operating cash flows from finance leases	1		4		11
Financing cash flows from finance leases	10		68		103

Maturity Analysis

The following table reflects undiscounted cash flows on an annual basis for the Company’s lease liabilities as of December 31, 2021 (amounts in thousands):


	Operating Leases		Finance Leases

2022	$	5,705	$	6
2023	5,235		4
2024	5,109		—
2025	5,137		—
2026	5,184		—
Thereafter	25,603		—
Total lease payments	$	51,973	$	10
Imputed interest	(20,235)		(1)
Discounted lease liability	$	31,738	$	9

As of December 31, 2021, the Company had executed an additional operating lease for a new gateway location. This lease has not yet commenced as of December 31, 2021 since the lessor is continuing to ready the site for use. Accordingly, this lease is not reflected on the balance sheet as of December 31, 2021 or in the maturity table above. The Company is in the process of evaluating this lease obligation and expects it to be approximately $2.5 million.

LEASES

3. LEASES

The following tables disclose the components of the Company’s finance and operating leases (amounts in thousands):


	As of December 31,
	2021		2020
Operating leases:
Right-of-use asset, net	$	32,041	$	14,400

Short-term lease liability (recorded in accrued expenses)	2,501		1,330
Long-term lease liability	29,237		13,726
Total operating lease liabilities	$	31,738	$	15,056

Finance leases:
Right-of-use asset, net (recorded in intangible and other current assets, net)	$	8	$	19

Short-term lease liability (recorded in accrued expenses)	6		11
Long-term lease liability (recorded in non-current liabilities)	3		9
Total finance lease liabilities	$	9	$	20

Lease Cost

The components of lease cost are reflected in the table below (amounts in thousands):


	Twelve Months Ended December 31,
	2021		2020		2019

Operating lease cost:
Amortization of right-of-use assets	$	2,601	$	1,880	$	1,719
Interest on lease liabilities	1,948		1,320		1,098
Capitalized lease cost	(615)		—		—
Finance lease cost:
Amortization of right-of-use assets	11		76		105
Interest on lease liabilities	1		4		11
Short-term lease cost	213		100		180
Total lease cost	$	4,159	$	3,380	$	3,113

Weighted-Average Remaining Lease Term and Discount Rate

The following table discloses the weighted-average remaining lease term and discount rate for finance and operating leases:


	As of December 31,
	2021		2020

Weighted-average lease term
Finance leases	1.6 years		1.8 years
Operating Leases	10.6 years		8.3 years

Weighted-average discount rate
Finance leases	7.0	%	7.2	%
Operating leases	8.4	%	8.4	%

Supplemental Cash Flow Information

The below table discloses supplemental cash flow information for finance and operating leases (in thousands):


	Twelve Months Ended December 31,
	2021		2020		2019

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5,445	$	3,055	$	2,647
Operating cash flows from finance leases	1		4		11
Financing cash flows from finance leases	10		68		103

Maturity Analysis

The following table reflects undiscounted cash flows on an annual basis for the Company’s lease liabilities as of December 31, 2021 (amounts in thousands):


	Operating Leases		Finance Leases

2022	$	5,705	$	6
2023	5,235		4
2024	5,109		—
2025	5,137		—
2026	5,184		—
Thereafter	25,603		—
Total lease payments	$	51,973	$	10
Imputed interest	(20,235)		(1)
Discounted lease liability	$	31,738	$	9

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

4. PROPERTY AND EQUIPMENT

Property and equipment consists of the following (in thousands):


	December 31, 2021		December 31, 2020
Globalstar System:
Space component
First and second-generation satellites in service	$	1,195,509	$	1,195,509
Second-generation satellite, on-ground spare	32,442		32,443
Ground component	282,268		272,492
Construction in progress:
Space component	16,394		398
Ground component	33,998		19,327
Other	4,123		2,900
Total Globalstar System	1,564,734		1,523,069
Internally developed and purchased software	20,823		23,984
Equipment	8,590		9,679
Land and buildings	1,149		3,110
Leasehold improvements	2,088		1,655
Total property and equipment	1,597,384		1,561,497
Accumulated depreciation	(925,228)		(845,588)
Total property and equipment, net	$	672,156	$	715,909

The ground component of construction in progress includes costs (including capitalized interest) incurred for assets to upgrade the Company's ground infrastructure, including costs associated with the procurement of new gateway antennas. During 2021, the Company placed $15.1 million of costs into service associated with these antennas, which are included in

ground component in the table above. These capital expenditures relate primarily to gateway upgrade work in connection with the Terms Agreement.

Amounts included in the Company’s second-generation satellite, on-ground spare in the table above consist of costs related to a spare second-generation satellite that has not been placed in orbit. The Company has entered into certain contracts for the preparation and launch of this spare satellite, which is expected to occur in 2022. Costs to support these efforts are included in the space component of construction in progress in the table above; the vast majority of these costs are being reimbursed by the customer under the Terms Agreement. These reimbursements are recorded in deferred revenue on the Company's consolidated balance sheet as of December 31, 2021 and are discussed in Note 2: Revenue.

In February 2022, the Company entered into an agreement for the purchase of new satellites that will replenish the Company's existing satellite constellation. The agreement is described in more detail in Note 9: Commitments and Contingencies.

Capitalized Interest and Depreciation Expense

The following table summarizes capitalized interest for the periods indicated below (in thousands):


	Year Ended December 31,
	2021		2020		2019
Interest cost eligible to be capitalized	$	47,580	$	50,721	$	64,058
Interest cost recorded in interest income (expense), net	(43,325)		(48,064)		(62,255)
Net interest capitalized	$	4,255	$	2,657	$	1,803

The following table summarizes depreciation expense for the periods indicated below (in thousands):


	Year Ended December 31,
	2021		2020		2019
Depreciation Expense	$	84,225	$	84,853	$	83,575

The following table summarizes amortization expense for the periods indicated below (in thousands):


	Year Ended December 31,
	2021		2020		2019
Amortization Expense	$	12,012	$	11,962	$	12,197

Geographic Location of Property and Equipment

Long-lived assets consist primarily of property and equipment and are attributed to various countries based on the physical location of the asset, except for the Company’s satellites which are included in the long-lived assets of the United States. The Company’s information by geographic area is as follows (in thousands):


	Year Ended December 31,
	2021		2020
Property and equipment:
United States	$	621,470	$	687,302
Central and South America	22,981		13,614
Canada	13,921		11,814
Africa	5,471		6
Europe	5,136		3,170
Asia	2,752		—
Other	425		3
Total property and equipment	$	672,156	$	715,909

INTANGIBLE AND OTHER ASSETS

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE AND OTHER ASSETS

5. INTANGIBLE AND OTHER ASSETS

Intangible Assets

The Company has intangible assets not subject to amortization, which include certain costs to obtain or defend regulatory authorizations and a portion of capitalized interest associated with these assets. These costs primarily include efforts related to the enhancement of the Company's licensed MSS spectrum to provide terrestrial wireless services as well as costs with international regulatory agencies to obtain similar terrestrial authorizations outside of the United States. This category includes work in progress assets as well as indefinite lived assets already placed into service. The Company also has intangible assets subject to amortization, which primarily include developed technology and definite lived MSS licenses.

The gross carrying amount and accumulated amortization of the Company's intangible assets consist of the following (in thousands):


	December 31, 2021						December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Intangible Assets Not Subject to Amortization	$	24,906	$	—	$	24,906	$	21,496	$	—	$	21,496

Intangible Assets Subject to Amortization:
Developed technology	$	11,865	$	(7,949)	$	3,916	$	11,856	$	(7,016)	$	4,840
Regulatory authorizations	3,104		(940)		2,164		1,866		(682)		1,184
	$	14,969	$	(8,889)	$	6,080	$	13,722	$	(7,698)	$	6,024

Total	$	39,875	$	(8,889)	$	30,986	$	35,218	$	(7,698)	$	27,520

For the twelve months ended December 31, 2021, the Company recorded amortization expense on these intangible assets of $1.2 million. Amortization expense is recorded in operating expenses in the Company’s consolidated statements of operations.

During 2021, the Company acquired the remaining ownership of its joint venture in South Korea and assumed ownership of the gateway and MSS licenses. The Company recorded $1.3 million of intangible assets on its consolidated balance sheet during the year ended December 31, 2021. These licenses are indefinite-lived and not subject to amortization.

Excluding the effects of any acquisitions, dispositions or write-downs subsequent to December 31, 2021, total estimated annual amortization of intangible assets is as follows (in thousands):


2022	$	1,265
2023	979
2024	729
2025	553
2026	505
Thereafter	2,049
Total	$	6,080

Other Assets

Other assets consist of the following (in thousands):


	December 31,
	2021		2020
Costs to obtain a contract	$	1,725	$	2,404
Long-term prepaid licenses and royalties	4,380		4,679
International tax receivables	577		619
Investments in businesses	240		1,589
Compound embedded derivative with the 2019 Facility Agreement	484		286
ERP software costs	919		64
Other long-term assets	1,725		1,068
Total other assets	$	10,050	$	10,709

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS

6. LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS

Long-term debt consists of the following (in thousands):


	December 31, 2021						December 31, 2020
	Principal Amount		Unamortized Discount and Deferred Financing Costs		Carrying Value		Principal Amount		Unamortized Discount and Deferred Financing Costs		Carrying Value
2019 Facility Agreement	$	263,812	$	27,287	$	236,525	$	230,597	$	32,125	$	198,472
8.00% Convertible Senior Notes Issued in 2013	1,407		—		1,407		1,376		—		1,376
2009 Facility Agreement	—		—		—		186,988		6,373		180,615
Paycheck Protection Program Loan	—		—		—		4,973		26		4,947
Total Debt	265,219		27,287		237,932		423,934		38,524		385,410
Less: Current Portion	—		—		—		58,824		—		58,824
Long-Term Debt	$	265,219	$	27,287	$	237,932	$	365,110	$	38,524	$	326,586

The principal amounts shown above include payment of in-kind interest, as applicable. The carrying value is net of deferred financing costs and any discounts to the loan amounts at issuance, including accretion.

2019 Facility Agreement

In November 2019, the Company entered into a $199.0 million facility agreement with Thermo, an affiliate of EchoStar Corporation and certain other unaffiliated lenders (the "2019 Facility Agreement"). The 2019 Facility Agreement is scheduled to mature in November 2025. The loans under the 2019 Facility Agreement bear interest at a blended rate of 13.5% per annum to be paid in kind (or in cash, at the option of the Company).

As previously disclosed, the Company fully paid down the remaining balance of the 2009 Facility Agreement. As a result of this pay down, the lenders of the 2019 Facility Agreement are now senior lenders. The Company's obligations under the 2019 Facility Agreement are guaranteed on a senior secured basis by all of its domestic subsidiaries' assets and are secured by a first priority lien on substantially all of the assets of the Company and its domestic subsidiaries (other than their FCC licenses), including patents and trademarks, 100% of the equity of the Company's domestic subsidiaries and 65% of the equity of certain foreign subsidiaries.

The cash proceeds from this loan were net of a 3%, or $6.0 million, original issue discount (the "OID"). A portion of this OID was recorded as a debt discount of $4.0 million. This debt discount was netted against the principal amount of the loan and is being accreted using an effective interest method to interest expense over the term of the loan.

As additional consideration for the loan, the Company issued the lenders warrants to purchase 124.5 million shares of voting common stock at an exercise price of $0.38 per share. The Company determined that the warrants were equity instruments and recorded them as a part of stockholders’ equity. A portion of the fair value of the warrants was recorded as a debt discount of $15.8 million. This debt discount was netted against the principal amount of the loan and is being accreted using an effective interest method to interest expense over the term of the loan. All of the warrants issued to the lenders were exercised before their expiration date on March 31, 2021; 115.0 million of the warrants were exercised during 2021. The proceeds to the Company for these warrants totaled $47.3 million.

The 2019 Facility Agreement contains customary events of default and requires that the Company satisfy various financial and non-financial covenants, including the following:

•The Company's capital expenditures do not exceed $25.0 million for 2021 and $15.0 million for 2022, excluding capital expenditures for network upgrades associated with the Terms Agreement;

•The Company's expenditures in connection with its spectrum rights do not exceed $20.0 million;

•The Company maintains at all times a minimum liquidity balance of $3.6 million;

•The Company achieves for each period the following minimum adjusted consolidated EBITDA (as defined in the 2019 Facility Agreement) (amounts in thousands):


Period	Minimum Amount

1/1/21-6/30/21	$	18,500
7/1/21-12/31/21	$	24,100
1/1/22-6/30/22	$	21,100
7/1/22-12/31/22	$	27,100

•The Company maintains a minimum debt service coverage ratio of 0.90:1;

•The Company maintains a maximum net debt to adjusted consolidated EBITDA ratio of 2.75;

•The Company maintains a minimum interest coverage ratio of 3.94:1 for the December 31, 2021 measurement period and 4.73:1 for the two semi-annual measurement periods leading up to December 31, 2022; and

•The Company makes mandatory prepayments in specified circumstances and amounts, including if the Company generates excess cash flow, monetizes its spectrum rights, receives the proceeds of certain asset dispositions or receives more than $145.0 million from the sale of additional debt or equity securities.

Additionally, the covenants in the 2019 Facility Agreement limit the Company's ability to, among other things, incur or guarantee additional indebtedness; make certain investments, acquisitions or capital expenditures above certain agreed levels;

pay dividends or repurchase or redeem capital stock or subordinated indebtedness; grant liens on its assets; incur restrictions on the ability of its subsidiaries to pay dividends or to make other payments to the Company; enter into transactions with its affiliates; merge or consolidate with other entities or transfer all or substantially all of its assets; and transfer or sell assets. In anticipation of business strategies related to projected capital expenditures and potential vendor financing in connection with fulfilling our obligations under the Terms Agreement, as well as the termination of the Globalstar pension plan and expected redemption of the 2013 8.00% Notes, the Company received waivers from its senior lenders in August 2021 and January 2022 to permit such transactions.

In calculating compliance with the financial covenants of the 2019 Facility Agreement, the Company may include certain cash funds contributed to the Company from the issuance of the Company's common stock and/or subordinated indebtedness. These funds are referred to as “Equity Cure Contributions” and may be used to achieve compliance with financial covenants through maturity. If the Company violates any financial covenants and is unable to obtain a sufficient Equity Cure Contribution or obtain a waiver, it would be in default under the 2019 Facility Agreement and payment of the indebtedness could be accelerated. As of December 31, 2021, the Company was in compliance with the covenants of the 2019 Facility Agreement.

The 2019 Facility Agreement requires mandatory prepayments of principal with any Excess Cash Flow (as defined and calculated in the 2019 Facility Agreement) on a semi-annual basis. If the Company generates Excess Cash Flow in 2022, we will be required to make such prepayments. These payments would reduce future principal payment obligations.

The Company evaluated the various embedded derivatives within the 2019 Facility Agreement related to certain contingently exercisable put options. Due to the substantial discount upon issuance, as calculated under applicable accounting guidance, these prepayment features were required to be bifurcated and separately valued. The Company initially recorded the compound embedded derivative liability as a non-current liability on its consolidated balance sheets with a corresponding debt discount, which is netted against the face value of the 2019 Facility Agreement. The Company is accreting the debt discount associated with the compound embedded derivative liability to interest expense through the maturity date using an effective interest rate method. Refer to Note 7: Derivatives and Note 8: Fair Value Measurements for further discussion on the compound embedded derivative bifurcated from the 2019 Facility Agreement.

Thermo's participation in the 2019 Facility Agreement was reviewed and approved by the Company's Strategic Review Committee, which is a committee of disinterested and independent directors who are represented by independent legal counsel. See Note 11: Related Party Transactions for further information on the role and responsibility of the Strategic Review Committee.

8.00% Convertible Senior Notes Issued in 2013

In May 2013, the Company issued $54.6 million aggregate principal amount of its 2013 8.00% Notes. The 2013 8.00% Notes are convertible into shares of common stock at a conversion price of $0.69 per share of common stock, as adjusted pursuant to the terms of the Fourth Supplemental Indenture between the Company and U.S. Bank National Association, as Trustee (the “Indenture”). The 2013 8.00% Notes are senior unsecured debt obligations that mature on April 1, 2028, subject to various call and put features, and bear interest at a rate of 8.00% per annum. Interest is paid in cash at a rate of 5.75% and in additional notes at a rate of 2.25%. Since issuance, $55.5 million of principal amount of the 2013 8.00% Notes have been converted resulting in the issuance of 98.6 million shares of Globalstar common stock.

The Company expects to redeem the 2013 8.00% Notes, in whole or in part, at a price equal to the principal amount of the 2013 8.00% Notes to be redeemed plus all accrued and unpaid interest thereon. A holder of the 2013 8.00% Notes has the right to require the Company to purchase some or all of the 2013 8.00% Notes held by it on April 1, 2023, or at any time if there is a Fundamental Change (as defined in the Indenture), at a price equal to the principal amount of the 2013 8.00% Notes to be purchased plus accrued and unpaid interest. A holder may convert its 2013 8.00% Notes at its option at any time prior to April 1, 2028 into shares of common stock.

The Indenture provides for customary events of default. As of December 31, 2021, the Company was in compliance with respect to the terms of the 2013 8.00% Notes and the Indenture.

The Company evaluated the various embedded derivatives within the Indenture for the 2013 8.00% Notes. The Company determined that the conversion option and the contingent put feature within the Indenture required bifurcation from the 2013 8.00% Notes. The Company recorded this compound embedded derivative liability as a liability on its consolidated balance sheets with a corresponding debt discount which was netted against the face value of the 2013 8.00% Notes. The debt discount has been fully accreted as of September 30, 2017. Refer to Note 7: Derivatives and Note 8: Fair Value Measurements for further discussion on the compound embedded derivative bifurcated from the 2013 8.00% Notes.

The amount by which the if-converted value of the 2013 8.00% Notes exceeded the principal amount at December 31, 2021, assuming conversion at the closing price of the Company's common stock on that date of $1.16 per share, is approximately $1.2 million.

In February 2022, the Company notified the holders of the 8.00% Notes of its intention to redeem all of the outstanding amount of principal and interest, totaling $1.5 million. This redemption is expected to occur in March 2022 and be paid in cash if the holders do not convert their 8.00% Notes prior to the redemption date.

2009 Facility Agreement

In 2009, the Company entered into a facility agreement with a syndicate of bank lenders, including BNP Paribas, Société Générale, Natixis, Crédit Agricole Corporate and Investment Bank and Crédit Industriel et Commercial, as arrangers, and BNP Paribas, as the security agent (the "2009 Facility Agreement"). The 2009 Facility Agreement was amended and restated in July 2013, August 2015, June 2017 and November 2019.

The 2009 Facility Agreement was fully repaid in November 2021 prior to its scheduled maturity in December 2022. Indebtedness under the 2009 Facility Agreement bore interest at a floating rate of LIBOR plus a margin as defined in the 2009 Facility Agreement.

The 2009 Facility Agreement required mandatory prepayments of principal with any Excess Cash Flow (as defined and calculated in the 2009 Facility Agreement) on a semi-annual basis. During 2021, the Company was required to pay $4.4 million to the lenders resulting from the Excess Cash Flow calculation as of December 31, 2020. This payment reduced future principal payment obligations.

The amended and restated 2009 Facility Agreement included a requirement that the Company raise no less than $45.0 million from the sale of equity prior to March 30, 2021. The Company fulfilled this requirement in March 2021 with proceeds from the exercise of all the warrants issued to the 2019 Facility Agreement lenders in November 2019. The Company received proceeds totaling $47.3 million, of which $3.6 million was received in December 2019 and the remaining $43.7 million was received during the first quarter of 2021. In April 2021, these proceeds were used to pay the remaining scheduled principal payments due in each of June 2021 and December 2021.

In June and September 2021, the Company received two advance payments of $37.5 million each from a customer (see further discussion in Note 2: Revenue). The Company used these proceeds to pay a portion of the remaining amount due under the 2009 Facility Agreement.

In November 2021, the Company repaid the final outstanding amount under the 2009 Facility Agreement totaling $60.3 million using cash on hand and restricted cash; the 2009 Facility Agreement required the Company to maintain a debt service reserve account, which was pledged to secure all of the Company's obligations under the 2009 Facility Agreement, and was previously classified as restricted cash on its consolidated balance sheet.

In connection with the debt prepayments and final payoff made during 2021, the Company wrote off $4.3 million in deferred financing costs, representing the portion of debt prepaid during 2021. For the final pay off in November 2021, the Company recorded a gain on extinguishment of debt totaling $1.3 million on its consolidated statements of operations representing the difference between the net carrying amount prior to extinguishment (including unamortized deferred financing costs) and the reacquisition price of the debt (primarily including of the partial refund of premiums). As a result of the early pay off of the 2009 Facility Agreement, in December 2021, the Company received a partial refund of premiums previously paid totaling $2.6 million.

Paycheck Protection Program Loan

In April 2020, the Company sought relief under the CARES Act and received a $5.0 million loan under the Paycheck Protection Program ("PPP"), (the "PPP Loan"). In June 2021, the Small Business Administration ("SBA") approved the Company's request for forgiveness of all amounts outstanding under the PPP Loan, including accrued interest. Prior to forgiveness, the PPP Loan was an unsecured debt obligation and was scheduled to mature in April 2022. Any amount not forgiven by the Small Business Administration (the "SBA") was subject to an interest rate of 1.00% per annum commencing on the date of the PPP Loan.

The Company evaluated the applicable accounting guidance relative to the PPP Loan and accounted for the proceeds of the PPP Loan as debt under ASC 470. As the entire principal balance, including accrued interest, was forgiven in June 2021, the Company recorded a gain on extinguishment of debt totaling $5.0 million on its consolidated statements of operations for the period ended June 30, 2021.

Debt maturities

Annual debt maturities for each of the five years following December 31, 2021 and thereafter are as follows (in thousands):


2022	$	—
2023	1,407
2024	—
2025	263,812
2026	—
Thereafter	—
Total	$	265,219

Amounts in the above table are calculated based on amounts outstanding at December 31, 2021, and therefore exclude paid-in-kind interest payments that will be made in future periods.

Subsequent Event

In February 2022, the Company entered into a satellite procurement agreement (see Note 9: Commitments and Contingencies for further discussion). This agreement provides for payment deferrals of milestone payments from February 2022 through August 2022, at a 0% interest rate. In August 2022 all deferred payments will become due by which time Globalstar intends to complete a senior secured financing. This financing is intended to provide sufficient proceeds for the construction and launch of the satellites and the Company expects to refinance its current 2019 Facility Agreement concurrent with or after the financing.

- Definition

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.

+ References

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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-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
-Publisher FASB
-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

+ Details

DERIVATIVES

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVES

7. DERIVATIVES

The Company has identified various embedded derivatives resulting from certain features in the Company’s existing borrowing arrangements, requiring recognition on its consolidated balance sheets. None of these derivative instruments are designated as a hedge. The following table discloses the fair values of the derivative instruments on the Company’s consolidated balance sheets (in thousands):


	December 31,
	2021		2020
Derivative assets:
Compound embedded derivative with the 2019 Facility Agreement	$	484	$	286
Total derivative assets	$	484	$	286

Derivative liabilities:
Compound embedded derivative with the 2013 8.00% Notes	$	(1,364)	$	(123)
Total derivative liabilities	$	(1,364)	$	(123)

The derivative asset recorded for the Compound embedded derivative with the 2019 Facility Agreement and the derivative liability recorded for the Compound embedded derivative with the 2013 8.00% Notes are included in Intangible and other assets, net and other non-current liabilities, respectively, on the Company's consolidated balance sheets.

The following table discloses the changes in value recorded as derivative (loss) gain in the Company’s consolidated statement of operations (in thousands):


	Year ended December 31,
	2021		2020		2019
Compound embedded derivative with the 2013 8.00% Notes	$	(1,241)	$	399	$	235
Compound embedded derivative with the Loan Agreement with Thermo	—		212		144,838
Compound embedded derivative with the 2019 Facility Agreement	198		2,286		—
Total derivative (loss) gain	$	(1,043)	$	2,897	$	145,073

The fair value of each embedded derivative is marked-to-market at the end of each reporting period, or more frequently as deemed necessary, with any changes in value reported in its consolidated statements of operations and its consolidated statements of cash flows as an operating activity. The Company classifies its derivatives consistent with the classification of the underlying debt on the Company's consolidated balance sheet. See Note 8: Fair Value Measurements for further discussion. Each liability or asset and the features embedded in the debt instrument, which required the Company to account for the instrument as a derivative, are described below.

Compound Embedded Derivative with 2013 8.00% Notes

As a result of the conversion option and the contingent put feature within the 2013 8.00% Notes, the Company recorded a compound embedded derivative liability on its consolidated balance sheets with a corresponding debt discount that is netted against the face value of the 2013 8.00% Notes. The Company determined the fair value of the compound embedded derivative liability using a Monte Carlo simulation model. The Company classifies this derivative liability consistent with the classification of the 2013 8.00% Notes on the Company's consolidated balance sheet.

Compound Embedded Derivative with the Loan Agreement with Thermo

As a result of the conversion option and the contingent put feature within the Loan Agreement with Thermo as amended and restated in 2013, the Company recorded a compound embedded derivative liability on its consolidated balance sheets with a corresponding debt discount that was netted against the face value of the Loan Agreement. The Company determined the fair value of the compound embedded derivative liability using a Monte Carlo simulation model. During the first quarter of 2020, the compound embedded derivative with the Loan Agreement with Thermo was extinguished.

Compound Embedded Derivative with the 2019 Facility Agreement

As a result of certain contingently exercisable put features within the 2019 Facility Agreement, the Company initially recorded a compound embedded derivative liability on its consolidated balance sheet with a corresponding debt discount that is netted against the face value of the 2019 Facility Agreement. The Company determined the fair value of the compound embedded derivative liability using a probability weighted discounted cash flow model.

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

8. FAIR VALUE MEASUREMENTS

The Company follows the authoritative guidance for fair value measurements relating to financial and non-financial assets and liabilities, including presentation of required disclosures herein. This guidance establishes a fair value framework requiring the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets and liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities.

Level 2: Quoted prices in markets that are not active or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability.

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity).

Recurring Fair Value Measurements

The following tables provide a summary of the assets and liabilities measured at fair value on a recurring basis (in thousands):


	Fair Value Measurements at December 31, 2021:
	(Level 1)		(Level 2)		(Level 3)		Total Balance
Assets:
Compound embedded derivative with the 2019 Facility Agreement	$	—	$	—	$	484	$	484
Total assets measured at fair value	$	—	$	—	$	484	$	484

Liabilities:
Compound embedded derivative with the 2013 8.00% Notes	$	—	$	—	$	(1,364)	$	(1,364)
Total liabilities measured at fair value	$	—	$	—	$	(1,364)	$	(1,364)


	Fair Value Measurements at December 31, 2020:
	(Level 1)		(Level 2)		(Level 3)		Total Balance
Assets:
Compound embedded derivative with the 2019 Facility Agreement	$	—	$	—	$	286	$	286
Total assets measured at fair value	$	—	$	—	$	286	$	286

Liabilities:
Compound embedded derivative with the 2013 8.00% Notes	$	—	$	—	$	(123)	$	(123)
Total liabilities measured at fair value	$	—	$	—	$	(123)	$	(123)

All of the Company's derivative assets and liabilities are classified as Level 3. The Company marks-to-market these assets and liabilities at each reporting date, or more frequently as deemed necessary, with the changes in fair value recognized in the Company’s consolidated statements of operations. See Note 7: Derivatives for further discussion.

2013 8.00% Notes

The significant quantitative Level 3 inputs utilized in the valuation models are shown in the tables below:


	December 31, 2021:
	Stock Price Volatility	Risk-Free Interest Rate	Note Conversion Price	Discount Rate	Market Price of Common Stock
Compound embedded derivative with the 2013 8.00% Notes	120 - 139%	0.5%	$0.69	18%	$1.16


	December 31, 2020:
	Stock Price Volatility	Risk-Free Interest Rate	Note Conversion Price	Discount Rate	Market Price of Common Stock
Compound embedded derivative with the 2013 8.00% Notes	40 - 85%	0.1%	$0.69	19%	$0.34

Fluctuation in the Company’s stock price is a significant driver of the changes in the compound embedded derivative with the 2013 8.00% Notes during each reporting period. As the stock price increases, the value to the holder of the instrument generally increases, thereby increasing the liability on the Company’s consolidated balance sheet. The Company's stock price increased over 200% from December 31, 2020 to December 31, 2021, driving a significant increase in the liability at December 31, 2021. Stock price volatility is also a significant input used in the fair value measurement of the compound embedded derivative with the 2013 8.00% Notes. The simulated fair value of this liability is sensitive to changes in the expected volatility of the Company's stock price. Increases in expected volatility generally result in a higher fair value measurement.

2019 Facility Agreement

The compound embedded derivative with the 2019 Facility Agreement is valued using a probability weighted discounted cash flow model. The most significant observable input used in the fair value measurement is the discount yield, which was 13% at December 31, 2021 and 2020, respectively. As of December 31, 2021, the discount yield utilized in the valuation was lower than the blended interest rate of the underlying debt. As a result, the features embedded in the underlying debt resulted in an asset for the Company. When the discount yield decreases and is lower than the blended interest rate of the underlying debt, the fair value of the derivative asset increases. The unobservable inputs used in the fair value measurement include the probability of change of control and the estimated timing and amounts of cash flows associated with certain mandatory prepayments within the debt agreement.

Rollforward of Recurring Level 3 Assets and Liabilities

The following table presents a rollforward for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in thousands):


	Year Ended December 31,
	2021		2020
Balances at beginning of period	$	163	$	(3,792)
Derivative adjustment related to conversions	—		1,058
Unrealized (loss) gain, included in derivative (loss) gain	(1,043)		2,897
Balances at end of period	$	(880)	$	163

Fair Value of Debt Instruments

The Company believes it is not practicable to determine the fair value of the 2019 Facility Agreement, the 2009 Facility Agreement and the PPP Loan without incurring significant additional costs. Unlike typical long-term debt, certain terms for these instruments are not readily available and generally involve a variety of factors, including due diligence by the debt holders. The following table sets forth the carrying values and estimated fair values of the Company's other debt instrument, which is classified as Level 3 financial instruments (in thousands):


	December 31, 2021				December 31, 2020
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value

2013 8.00% Notes	$	1,407	$	1,265	$	1,376	$	1,122

Nonrecurring Fair Value Measurements

Long-Lived Assets

Long-lived assets and intangible and other assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable.

During the third quarter of 2021, the Company wrote off approximately $0.2 million of construction in progress related to unsatisfactory work that did not meet internal testing requirements and could not be used for its intended purpose. The fair value of the assets included internal and external direct costs associated with the construction in progress balance.

As of December 31, 2020, the Company's former gateway location in Nicaragua was classified as held for sale. During the fourth quarter of 2020, the Company signed a contract for the sale of this property and the Company wrote down the value of the asset by $0.2 million, bringing the value to be the final selling price (net of estimated cost to sell). Additionally, during the fourth quarter of 2020, the Company wrote down $0.2 million related to of the ground portion of construction in progress for one of its gateways resulting from an analysis made over these balances.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	9. COMMITMENTS AND CONTINGENCIES Terms Agreement The Terms Agreement sets forth the primary terms for the Company to provide services to the customer and incur costs related primarily to new gateways and upgrades at existing gateways, satellite launch costs and lease costs. Under this agreement, the customer has made advance payments to the Company for the services expected to be delivered under the Terms Agreement. To the extent the Company does not provide such services, it will be required to refund the amounts to the customer. Refer to Note 2: Revenue, Note 3: Leases and Note 4: Property and Equipment for further discussion. Satellite Procurement Agreement In February 2022, the Company entered into a satellite procurement agreement (the "Procurement Agreement") with Macdonald, Dettwiler and Associates Corporation pursuant to which Globalstar will acquire 17 satellites that will replenish Globalstar's existing constellation of satellites and ensure long-term continuity of its mobile satellite services. Globalstar is acquiring the satellites to provide continuous satellite services to the potential customer under the Terms Agreement, as well as services to Globalstar’s current and future customers. Globalstar maintains the option to acquire additional satellites under the contract. Globalstar plans to contract separately for launch services and launch insurance for the new satellites. The total contract price for the initial 17 satellites is $327.0 million; Globalstar has the option to purchase additional satellites at a lower per unit cost, subject to certain conditions. The satellites are expected to be manufactured during the next three years Under the Terms Agreement, subject to certain conditions, the counterparty is required to reimburse 95% of the capital expenditures and certain other costs incurred for this contract. Network Obligations The Company has purchase commitments with certain vendors related to the procurement, deployment and maintenance of the Company's network. As of December 31, 2021, the Company's remaining purchase obligations under certain of these noncancelable commitments are approximately $6.8 million; the timing of payments is driven by work performed under the contracts over the remaining contract periods, which range from approximately one to two years. Inventory Purchase Commitments The Company has inventory purchase commitments with its third party product manufacturers in the normal course of business. These commitments are generally noncancelable and are based on sales forecasts. The Company estimates that its open inventory purchase commitments as of December 31, 2021 were approximately $17.3 million. Credit Card Processor Reserve The Company is required to maintain a reserve of $5.0 million with its credit card processor to address any liability arising from potential charge-backs. The balance at December 31, 2021 was $5.0 million and is recorded in prepaid expenses and other current assets on the Company's consolidated balance sheet as the required reserve is held with the credit card processor. Other Litigation Due to the nature of the Company's business, the Company is involved, from time to time, in various litigation matters or subject to disputes or routine claims regarding its business activities. Legal costs related to these matters are expensed as incurred. In management's opinion, there is no pending litigation, dispute or claim, which could be expected to have a material adverse effect on the Company's financial condition, results of operations or liquidity.

ACCRUED EXPENSES AND OTHER NON-CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER NON-CURRENT LIABILITIES

10. ACCRUED EXPENSES AND OTHER NON-CURRENT LIABILITIES

Accrued expenses consist of the following (in thousands):


	December 31,
	2021		2020
Accrued compensation and benefits	$	4,687	$	4,270
Accrued satellite and ground costs	6,195		69
Accrued property and other taxes	4,053		4,702
Accrued customer liabilities and deposits	5,354		6,551
Accrued professional and other service provider fees	2,094		2,705
Accrued commissions	601		1,722
Accrued telecommunications expenses	705		1,284
Accrued inventory and tariffs	1,474		2,294
Short-term lease liability	2,501		1,330
Other accrued expenses	1,283		989
Total accrued expenses	$	28,947	$	25,916

Accrued compensation and benefits include primarily accrued vacation, payroll, benefits and taxes. Accrued inventory and tariffs includes amounts payable to U.S Customs and Border Protection for a ruling issued in September 2019 related to the classification of certain of the Company's core products imported from China. During 2021, pursuant to regulatory developments, the Company reversed a portion of this accrual for potential tariffs owed on imports from China made prior to a ruling by the U.S Customs and Border Protection in September 2019 that are no longer due.

Other accrued expenses include primarily vendor services, warranty reserve and occupancy costs.

The following is a summary of the activity in the warranty reserve account, which is included in other accrued expenses above (in thousands):


	Year Ended December 31,
	2021		2020		2019
Balance at beginning of period	$	212	$	186	$	153
Provision	361		543		525
Utilization	(411)		(517)		(492)
Balance at end of period	$	162	$	212	$	186

Other non-current liabilities consist of the following (in thousands):


	December 31,
	2021		2020
Employee benefit obligations (Note 12)	$	3,289	$	3,650
Asset retirement obligations (Note 1)	2,461		1,629
Compound embedded derivative with the 2013 8.00% Notes (Note 7 and Note 8)	1,364		123
Deferred tax liability (Note 13)	296		755
Foreign tax contingencies	474		633
Deferred payroll taxes under CARES Act	—		423
Other	3		8
Total other non-current liabilities	$	7,887	$	7,221

Deferred payroll taxes under the CARES Act reflect the Company's employer share of social security taxes that were originally due during a portion of 2020. The first installment was repaid in December 2021 and the remaining installment will be paid in December 2022 and classified as a current liability on the Company's consolidated balance sheet at December 31, 2021. Foreign tax contingencies reflect primarily amounts owed by the Company's Brazilian subsidiary pursuant to refinancing programs in country.

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	11. RELATED PARTY TRANSACTIONS Payables to Thermo and other affiliates related to normal purchase transactions were $0.4 million and $0.6 million as of December 31, 2021 and 2020, respectively. Transactions with Thermo Certain general and administrative expenses are incurred by Thermo on behalf of the Company. These expenses, which include non-cash expenses that the Company accounts for as a contribution to capital, related to services provided by certain executive officers of Thermo, and expenses incurred by Thermo on behalf of the Company that are charged to the Company. The expenses charged are based on actual amounts (with no mark-up) incurred by Thermo or upon allocated employee time. In February 2019, the Company entered into a lease agreement with Thermo Covington, LLC for the Company's headquarters office. Annual lease payments started at $1.4 million per year, increasing at a rate of 2.5% per year, for a lease term of ten years. During the twelve months ended December 31, 2021 and 2020, the Company incurred lease expense of $1.6 million, respectively, associated with this lease agreement. In November 2019, the Company entered into the 2019 Facility Agreement. Thermo's participation in the 2019 Facility Agreement was $95.1 million. This principal balance earns paid-in-kind interest at a rate of 13% per annum. Interest accrued since inception with respect to Thermo's portion of the debt outstanding on the 2019 Facility Agreement was approximately $29.7 million, of which $15.2 million was accrued during the twelve months ended December 31, 2021. In connection with the issuance of the 2019 Facility Agreement, the holders received warrants to purchase shares of voting common stock, of which Thermo received 59.5 million warrants with an exercise price of $0.38 per share. Thermo exercised 9.5 million warrants in 2019 and the remaining warrants, totaling 50.0 million, during the first quarter of 2021. No warrants were outstanding as of December 31, 2021. Additionally, the 2019 Facility Agreement requires Thermo to maintain minimum and maximum ownership levels in the Company's common stock. The Company has a Strategic Review Committee that is required to remain in existence for as long as Thermo and its affiliates beneficially own forty-five percent (45%) or more of Globalstar’s outstanding common stock. To the extent permitted by applicable law, the Strategic Review Committee has exclusive responsibility for the oversight, review and approval of, among other things and subject to certain exceptions, any acquisition by Thermo and its affiliates of additional newly-issued securities of the Company and any transaction between the Company and Thermo and its affiliates with a value in excess of $250,000. See Note 6: Long-Term Debt and Other Financing Arrangements for further discussion of the Company's debt and financing transactions with Thermo.

PENSIONS AND OTHER EMPLOYEE BENEFITS

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

PENSIONS AND OTHER EMPLOYEE BENEFITS

12. PENSIONS AND OTHER EMPLOYEE BENEFITS

Defined Benefit Plan

Until June 1, 2004, substantially all Old and New Globalstar employees and retirees who participated and/or met the vesting criteria for the plan were participants in the Retirement Plan of Space Systems/Loral (the "Loral Plan"), a defined benefit pension plan. The accrual of benefits in the Old Globalstar segment of the Loral Plan was curtailed, or frozen, by the administrator of the Loral Plan in 2003. Prior to 2003, benefits for the Loral Plan were generally based upon contributions, length of service with the Company and age of the participant. On June 1, 2004, the assets and frozen pension obligations of the Globalstar Segment of the Loral Plan were transferred into a new Globalstar Retirement Plan (the "Globalstar Plan"). The Globalstar Plan remains frozen and participants are not currently accruing benefits beyond those accrued as of October 23, 2003. The Company's funding policy is to fund the Globalstar Plan in accordance with the Internal Revenue Code and regulations. In January 2022, the Company received consent from its senior lenders to terminate the Globalstar Plan. The Company has not yet initiated the process to terminate the Globalstar Plan, but expects to do so during 2022.

Defined Benefit Pension Obligation and Funded Status

Below is a reconciliation of projected benefit obligation, plan assets and the funded status of the Company’s defined benefit plan (in thousands):


	Year Ended December 31,
	2021		2020
Change in projected benefit obligation:
Projected benefit obligation, beginning of year	$	9,179	$	16,509
Service cost	174		176
Interest cost	225		521
Actuarial (gain) loss	(45)		671
Settlement	—		(7,669)
Benefits paid	(482)		(1,029)
Projected benefit obligation, end of year	$	9,051	$	9,179
Change in fair value of plan assets:
Fair value of plan assets, beginning of year	$	5,529	$	12,381
Return on plan assets	485		1,131
Employer contributions	230		715
Settlement	—		(7,669)
Benefits paid	(482)		(1,029)
Fair value of plan assets, end of year	$	5,762	$	5,529
Funded status, end of year-net liability	$	(3,289)	$	(3,650)

In December 2020, the Company settled a portion of the pension liability related to retirees and terminated vested employees in the Globalstar Plan as a de-risking strategy. The total settlement for 2020 was $7.7 million and was paid out

through the assets held in the Globalstar Plan. The settlement resulted in a reduction to the projected benefit obligation and a corresponding decrease to plan assets as of December 31, 2020.

Net Benefit Cost and Amounts Recognized

Components of the net periodic benefit cost of the Company’s defined benefit pension plan were as follows (in thousands):


	Year Ended December 31,
	2021		2020		2019
Net periodic benefit cost:
Service cost	$	174	$	176	$	195
Interest cost	225		521		706
Expected return on plan assets	(309)		(793)		(794)
Amortization of unrecognized net actuarial loss	189		300		404
Settlement	—		2,075		455
Total net periodic benefit cost	$	279	$	2,279	$	966

In December 2020 and 2019, the Company settled a portion of the pension liability. In accordance with ASC 715 Compensation — Retirement Benefits, the Company recognized losses totaling $2.1 million and $0.5 million, respectively, and these losses are included in other income (expense) in its consolidated statement of operations during the twelve-month periods ended December 31, 2020 and 2019 associated with these settlements. The losses represent the pro rata portion of actuarial losses that were previously deferred in other comprehensive income. Components of net periodic benefit cost other than the service cost component are recorded in other income (expense) in the consolidated statement of operations.

Amounts recognized in the consolidated balance sheet were as follows (in thousands):


	December 31,
	2021		2020
Amounts recognized:
Funded status recognized in other non-current liabilities	$	(3,289)	$	(3,650)
Net actuarial loss recognized in accumulated other comprehensive loss	2,073		2,483
Net amount recognized in retained deficit	$	(1,216)	$	(1,167)

Assumptions

The weighted-average assumptions used to determine the benefit obligation and net periodic benefit cost were as follows:


	For the Year Ended December 31,
	2021		2020		2019
Benefit obligation assumptions:
Discount rate	2.84	%	2.50	%	3.28	%
Rate of compensation increase	N/A		N/A		N/A
Net periodic benefit cost assumptions:
Discount rate	2.50	%	3.28	%	4.25	%
Expected rate of return on plan assets	5.75	%	6.50	%	6.50	%
Rate of compensation increase	N/A		N/A		N/A

The assumptions, investment policies and strategies for the Globalstar Plan are determined by the Globalstar Plan Committee. The Globalstar Plan Committee is responsible for ensuring the investments of the plans are managed in a prudent and effective manner. Amounts related to the pension plan are derived from actuarial and other assumptions, including discount rates, mortality, expected rate of return, participant data and termination. The Company reviews assumptions on an annual basis and makes adjustments as considered necessary.

The expected long-term rate of return on pension plan assets is selected by taking into account the expected duration of the projected benefit obligation for the plan, the asset mix of the plan and the fact that the plan assets are actively managed to mitigate risk. Discount rates are determined annually based on the Plan administrator’s yield curve index, which considers expected benefit payments and is discounted with rates from the yield curve to determine a single equivalent discount rate.

Plan Assets and Investment Policies and Strategies

The plan assets are invested in various mutual funds which have quoted prices. The plan has a target allocation. On a weighted-average basis, target allocations for equity securities range from 50% to 60%, for debt securities 25% to 50% and for other investments 0% to 15%. The defined benefit pension plan asset allocations as of the measurement date presented as a percentage of total plan assets were as follows:


	December 31,
	2021		2020
Equity securities	55	%	55	%
Debt securities	45		45

Total	100	%	100	%

The fair values of the Company’s pension plan assets by asset category were as follows (in thousands):


	December 31, 2021
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
United States equity securities	$	2,542	$	—	$	2,542	$	—
International equity securities	631		—		631		—
Fixed income securities	1,693		—		1,693		—
Other	896		—		896		—
Total	$	5,762	$	—	$	5,762	$	—


	December 31, 2020
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
United States equity securities	$	2,426	$	—	$	2,426	$	—
International equity securities	619		—		619		—
Fixed income securities	1,553		—		1,553		—
Other	931		—		931		—
Total	$	5,529	$	—	$	5,529	$	—

Accumulated Benefit Obligation

The accumulated benefit obligation of the defined benefit pension plan was $9.1 million and $9.2 million at December 31, 2021 and 2020, respectively.

Benefits Payments and Contributions

The benefit payments to retirees over the next ten years are expected to be paid as follows (in thousands):


2022	$	522
2023	516
2024	526
2025	542
2026	558
2027 - 2031	2,657

For 2021 and 2020, the Company contributed $0.2 million and $0.7 million, respectively, to the Globalstar Plan. For 2022, the Company's expected contributions to the Globalstar Plan will be $0.3 million. During 2021, the Company sought relief under the American Rescue Plan Act of 2021. The Company elected to apply all available prefunding balances to the 2021 plan year and deferred payments for the July 15, 2021, October 15, 2021 and January 15, 2022 contributions.

401(k) Plan

The Company has a defined contribution employee savings plan, or “401(k),” which provides that the Company may match the contributions of participating employees up to a designated level. Under this plan, the matching contributions were approximately $0.6 million for each of 2021, 2020, and 2019.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section S99
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (o)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (p)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 70
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 60
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (q)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (l)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

TAXES

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

TAXES

13. TAXES

The components of income tax (benefit) expense were as follows (in thousands):


	Year Ended December 31,
	2021		2020		2019
Current:
Federal tax	$	—	$	—	$	—
State tax	153		54		56
Foreign tax	7		248		94
Total	160		302		150
Deferred:
Federal and state tax	(459)		360		395
Foreign tax	—		—		—
Total	(459)		360		395
Income tax (benefit) expense	$	(299)	$	662	$	545

U.S. and foreign components of (loss) income before income taxes are presented below (in thousands):


	Year Ended December 31,
	2021		2020		2019
U.S. (loss) income	$	(79,452)	$	(82,740)	$	47,545
Foreign loss	(33,472)		(26,237)		(31,676)
Total (loss) income before income taxes	$	(112,924)	$	(108,977)	$	15,869

As of December 31, 2021 and 2020, the Company had cumulative U.S., state and foreign net operating loss ("NOL") carryforwards for income tax reporting purposes of approximately $1.8 billion, $1.1 billion and $0.2 billion, respectively. The vast majority of these NOL carryforwards were generated prior to 2018 and expire from 2022 through 2040, with less than 1% expiring prior to 2025, and the remaining NOL carryforwards do not expire.

The components of net deferred income tax assets (liabilities) were as follows (in thousands):


	December 31,
	2021		2020
Federal and foreign NOL and credit carryforwards	$	498,882	$	507,105
Property and equipment and other long-term assets	(114,722)		(133,086)
Reserves and disallowed interest	10,195		6,349
Deferred tax assets before valuation allowance	394,355		380,368
Valuation allowance	(394,651)		(381,123)
Net deferred income tax liability	$	(296)	$	(755)

The change in the valuation allowance during 2021 of $13.5 million was due to changes in property and equipment and long-term assets driven primarily by depreciation due to the difference between tax and book depreciable lives. Due to the limitation on utilization of state NOLs, the Company recorded deferred tax liabilities of $0.3 million and $0.8 million as of December 31, 2021 and 2020, respectively.

The actual provision for income taxes differs from the statutory U.S. federal income tax rate as follows (in thousands):


	Year Ended December 31,
	2021		2020		2019
Provision at U.S. statutory rate of 21%	$	(23,714)	$	(22,885)	$	3,333
State income taxes, net of federal benefit	(867)		(1,386)		1,055
Change in valuation allowance (excluding impact of foreign exchange rates)	15,991		61,540		(89,998)
Effect of foreign income tax at various rates	176		(53)		(84)
Permanent differences	4,993		5,809		7,942
Net change in permanent items due to provision to tax return	(569)		1,914		2,475
Adjustment to reserved deferred assets	1,969		(48,485)		62,085
Adjustment to state deferred rate	775		4,200		13,639
Other	947		8		98
Total	$	(299)	$	662	$	545

Tax Audits

The Company operates in various U.S. and foreign tax jurisdictions. The process of determining its anticipated tax liabilities involves many calculations and estimates which are inherently complex. The Company believes that it has complied in all material respects with its obligations to pay taxes in these jurisdictions. However, its position is subject to review and possible challenge by the taxing authorities of these jurisdictions. If the applicable taxing authorities were to challenge successfully its current tax positions, or if there were changes in the manner in which the Company conducts its activities, the Company could become subject to material unanticipated tax liabilities. It may also become subject to additional tax liabilities as a result of changes in tax laws, which could in certain circumstances have a retroactive effect.

In July 2018, the Company's Canadian subsidiary was notified that its income tax returns for the years ended October 31, 2015 through 2018 had been selected for audit. The Company has provided all requested information to the Canada Revenue Agency ("CRA") and is working with the CRA to complete the audit.

Except for the audit noted above, neither the Company nor any of its subsidiaries is currently under audit by the IRS or by any state income tax jurisdiction in the United States. The Company's corporate U.S. tax returns for 2018 and subsequent years remain subject to examination by tax authorities. State income tax returns are generally subject to examination for a period of three to five years after filing of the respective return. The state impact of any federal changes remains subject to examination by various states for a period of up to one year after formal notification to the states.

In the Company's international tax jurisdictions, numerous tax years remain subject to examination by tax authorities, including tax returns for 2013 and subsequent years in most of the Company's international tax jurisdictions.

There are no unrecognized tax benefits as of December 31, 2021 and 2020.

Other

As of December 31, 2021, the Company had not provided foreign withholding taxes on approximately $2.5 million of undistributed earnings from certain foreign subsidiaries indefinitely invested outside the U.S.

In January 2018, the FASB released guidance on the accounting for tax on the global intangible low-taxed income ("GILTI") provisions of the Tax Act. The GILTI provisions impose a tax on foreign income in excess of a deemed return on tangible assets of foreign corporations. The Company elected to account for GILTI tax in the period in which it is incurred and therefore has not provided any deferred tax impacts of GILTI in its consolidated financial statements for the years ended December 31, 2021 and 2020.

As of December 31, 2021 and 2020, the Company recorded a value added tax ("VAT") recoverable, which is included in Prepaid and other current assets on its consolidated balance sheet totaling $5.6 million and $2.3 million, respectively. This VAT recoverable is related primarily to certain payments for the purchase and importation of gateway equipment in various international jurisdictions in connection with the Company's network upgrade work.

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: 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(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

(LOSS) EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

(LOSS) EARNINGS PER SHARE

14. (LOSS) EARNINGS PER SHARE

The following table sets forth the calculation of basic and diluted (loss) earnings per share and reconciles basic weighted average shares to diluted weighted average shares of common stock outstanding for the periods indicated (in thousands):



	Year ended December 31,
	2021		2020		2019
Net (loss) income	$	(112,625)	$	(109,639)	$	15,324
Effect of dilutive securities:
2013 8.00% Notes	—		—		(127)
Loan Agreement with Thermo	—		—		(125,880)
Loss to common stockholders plus assumed conversions	$	(112,625)	$	(109,639)	$	(110,683)
Weighted average common shares outstanding:
Basic shares outstanding	1,765,139		1,642,359		1,450,768
Incremental shares from assumed exercises, conversions and other issuance of:
Stock options, restricted stock, restricted stock units and Employee Stock Purchase Plan	—		—		4,743
2013 8.00% Notes	—		—		2,044
Loan Agreement with Thermo	—		—		195,805
Warrants issued in connection with 2019 Facility Agreement	—		—		1,831
Diluted shares outstanding	1,765,139		1,642,359		1,655,191
Net (loss) income per common share:
Basic	$	(0.06)	$	(0.07)	$	0.01
Diluted	$	(0.06)	$	(0.07)	$	(0.07)

For the year ended December 31, 2021 and 2020, 10.1 million shares and 4.2 million shares, respectively, of potential common stock were excluded from diluted shares outstanding because the effects of potentially dilutive securities would be anti-dilutive. Additionally, as of December 31, 2020, 115.0 million warrants issued to the lenders of the 2019 Facility Agreement were outstanding and not reflected in the 4.2 million potentially dilutive security amount above as they were out of the money as of December 31, 2020. For further discussion on (loss) earnings per share, refer to Note 1: Summary of Significant Accounting Policies.

STOCK COMPENSATION

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

STOCK COMPENSATION

15. STOCK COMPENSATION

The Company’s Equity Incentive Plan (“Equity Plan”) provides long-term incentives to the Company’s key employees, including officers, directors, consultants and advisers (“Eligible Participants”), and is designed to align stockholder and employee interests. Under the Equity Plan, the Company may grant incentive stock options, nonstatutory stock options, restricted stock awards, restricted stock units, and other stock based awards or any combination thereof to Eligible Participants. The Compensation Committee of the Company’s Board of Directors establishes the terms and conditions of any awards granted under the plans. As of December 31, 2021 and 2020, the number of shares of common stock that was authorized and remained available for issuance under the Equity Plan was 21.4 million and 26.7 million, respectively.

Stock Options

The Company has granted incentive stock options under the Equity Plan. These options have various vesting terms, but generally vest in equal installments over three years and expire in ten years. Non-vested options are generally forfeited upon termination of employment.

The Company recognizes compensation expense for stock option grants over the employee's requisite service period, which is generally based on the vesting period, based on the fair value at the date of grant using the Black-Scholes option pricing model. The Company uses historical data, among other factors, to estimate the expected stock price volatility, the expected option life and the expected forfeiture rate. The market price of the Company's common stock has been volatile at times. The Company makes judgmental adjustments to project volatility during the expected term of the options, considering, among other things, historical volatility of the share prices of its peer group and expectations with regard to business conditions that may impact stock price fluctuations or stability. The Company estimates the expected term considering factors such as historical exercise patterns and the recipients of the options granted. The risk-free rate is based on the United States Treasury Department yield curve in effect at the time of grant for the expected life of the option. The Company assumes an expected dividend yield of zero for all periods. The table below summarizes the assumptions for the indicated periods:


	Year Ended December 31,
	2021			2020			2019
Risk-free interest rate	0.4		%	1.7		%	2.5		%
Expected term of options (years)	5			5			5
Volatility	62		%	72		%	63		%
Weighted average grant-date fair value per share	$	0.17		$	0.32		$	0.29

The following table represents the Company’s stock option activity for the year ended December 31, 2021:


	Shares	Weighted Average Exercise Price
Outstanding at January 1, 2021	7,984,168	$	1.35
Granted	700,000	0.34
Exercised	(478,800)	0.50
Forfeited or expired	(281,100)	1.66
Outstanding at December 31, 2021	7,924,268	1.30

Exercisable at December 31, 2021	6,620,099	$	1.44

The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. For the years ended December 31, 2021 and 2019, the total intrinsic value of all stock options exercised was $0.7 million and less than $0.1 million, respectively, There were no options exercised during 2020. The aggregate intrinsic value of all outstanding stock options at December 31, 2021 was $2.3 million with a remaining contractual life of 6.0 years. The aggregate intrinsic value of all vested stock options that were exercisable at December 31, 2021 was $1.4 million with a remaining contractual life of 5.7 years.

Net cash proceeds during the year ended December 31, 2021 from the exercise of stock options was $0.2 million.

For each of the years ended December 31, 2021, 2020 and 2019, the Company recognized $0.3 million of compensation expense related to stock options. As of December 31, 2021, unrecognized compensation expense related to non-vested stock options outstanding was approximately $0.2 million to be recognized over a weighted-average period of 1.5 years.

The Company adjusts its estimates of expected forfeitures of equity awards based upon its review of recent forfeiture activity and expected future employee turnover. The Company considers the impact of both pre-vesting forfeitures and post-vesting cancellations for purposes of evaluating forfeiture estimates. The effect of adjusting the forfeiture rate is recognized in the period in which the forfeiture estimate is changed.

Restricted Stock

Shares of restricted stock generally vest immediately, one year from the grant date, in equal annual installments over three years or based on performance criteria. Non-vested shares are generally forfeited upon the termination of employment. Holders of restricted stock awards are entitled to all rights of a stockholder of the Company with respect to the restricted stock, including the right to vote the shares and receive any dividends or other distributions. Compensation expense associated with restricted stock is measured based on the grant date fair value of the common stock and is recognized on a straight line basis over the vesting period. The table below summarizes the weighted average grant date fair value of restricted stock for the indicated periods:


	Year Ended December 31,
	2021		2020		2019
Weighted average grant date fair value	$	1.23	$	0.36	$	0.46

The following is a rollforward of the activity in restricted stock for the year ended December 31, 2021:


	Shares	Weighted Average Grant Date Fair Value
Nonvested at January 1, 2021	7,735,608	$	0.46
Granted	9,351,298	1.23
Vested	(6,207,504)	0.68
Forfeited	(181,875)	0.53
Nonvested at December 31, 2021	10,697,527

Included in the non-vested balance at December 31, 2021 are approximately 5.8 million performance-based restricted stock awards that will vest upon the achievement of certain milestones.

For the years ended December 31, 2021, 2020 and 2019, the Company recognized $5.6 million, $4.5 million and $4.3 million, respectively, of compensation expense related to restricted stock. The total fair value, as calculated on the day of vesting, of restricted stock awards that vested during 2021, 2020 and 2019 was $8.6 million, $3.3 million, and $4.1 million, respectively. As of December 31, 2021, unrecognized compensation expense related to unvested restricted stock outstanding was approximately $7.7 million to be recognized over a weighted-average period of 1.7 years.

Key Employee Bonus Plan

The Company has an annual bonus plan designed to reward designated key employees' efforts to exceed the Company's financial performance goals for the designated calendar year ("Plan Year"). The bonus pool available for distribution is determined based on the Company's adjusted EBITDA performance during the Plan Year. The bonus may be paid in cash or the Company's common stock, as determined by the Compensation Committee and with the consent of our Lenders if paid cash.

For the 2021 Plan Year, the Company's adjusted EBITDA performance was within the bonus payout threshold according to the plan document. As of December 31, 2021, $1.6 million was accrued on the Company's consolidated balance sheet related to this bonus payment, which is expected to be made in the form of common stock during the first quarter of 2022.

Employee Stock Purchase Plan

The Company has an Employee Stock Purchase Plan (the “Plan”) which provides eligible employees of the Company with an opportunity to acquire shares of its common stock at a discount. The maximum aggregate number of shares of common stock that may be purchased through the Plan was 14.0 million shares as of December 31, 2021. In February 2022, the Company's Board of Directors approved an increase to the number of shares for the Plan of 6.0 million. The number of shares that may be purchased through the Plan will be subject to proportionate adjustments to reflect stock splits, stock dividends, or other changes in the Company’s capital stock.

The Plan permits eligible employees to purchase shares of common stock during two semi-annual offering periods beginning on June 15 and December 15 (the “Offering Periods”). Eligible employees may purchase shares of up to 15% of their total compensation per pay period, but may purchase in any calendar year no more than the lesser of $25,000 in fair market value of common stock or 500,000 shares of common stock, as measured as of the first day of each applicable Offering Period. The price an employee pays is 85% of the fair market value of common stock. Fair market value is equal to the lesser of the closing price of a share of common stock on either the first day or the last day of the Offering Period.

For each of 2021 and 2020, the Company received $0.6 million in proceeds related to shares issued under this plan. For the years ended December 31, 2021, 2020 and 2019, the Company recorded compensation expense of approximately $0.4 million, $0.4 million and $0.5 million, respectively, which is reflected in marketing, general and administrative expenses. Additionally, the Company has issued approximately 12.0 million shares through December 31, 2021 related to the Plan.

The fair value of the employees’ stock purchase rights granted under the ESPP was estimated using the Black-Scholes option pricing model with the following assumptions for the following years:


	Year Ended December 31,
	2021			2020
Risk-free interest rate	0.1		%	0.9		%
Expected term (months)	6			6
Volatility	110		%	123		%
Weighted average grant-date fair value per share	$	0.23		$	0.18

ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

16. ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive loss includes all changes in equity during a period from non-owner sources. The change in accumulated other comprehensive loss for all periods presented resulted from foreign currency translation adjustments and minimum pension liability adjustments.

The components of accumulated other comprehensive loss were as follows (in thousands):


	December 31,
	2021		2020
Accumulated minimum pension liability adjustment	$	(2,073)	$	(2,483)
Accumulated net foreign currency translation adjustment	3,963		(461)
Total accumulated other comprehensive income (loss)	$	1,890	$	(2,944)

For the year ended December 31, 2020, the minimum pension liability adjustment in the table above includes a settlement loss of $2.1 million. See further discussion in Note 12: Pensions and Other Employee Benefits.

No amounts were reclassified out of accumulated other comprehensive income (loss) for the periods shown above.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2021
Accounting Policies [Abstract]
Use of Estimates in Preparation of Financial Statements	Use of Estimates in Preparation of Financial Statements The preparation of Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from estimates. Certain reclassifications have been made to prior year Consolidated Financial Statements to conform to current year presentation. The Company evaluates estimates on an ongoing basis.
Principles of Consolidation	Principles of Consolidation The Consolidated Financial Statements include the accounts of Globalstar and all its subsidiaries. All significant intercompany transactions and balances have been eliminated in the consolidation.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and highly liquid investments with original maturities of three months or less.
Restricted Cash	Restricted Cash There was no balance in restricted cash as of December 31, 2021. As of December 31, 2020, restricted cash was comprised of funds held in escrow by the agent for the Company’s facility agreement entered into in 2009 (the “2009 Facility Agreement”) to secure the Company’s principal and interest payment obligations related to its 2009 Facility Agreement. Restricted cash was classified as either a current or non-current asset on the Company's Consolidated Balance Sheet based on when these funds were expected to be used to pay principal and interest due under the 2009 Facility Agreement. As disclosed in Note 6: Long-Term Debt and Other Financing Arrangements, the Company fully paid down the 2009 Facility Agreement during 2021.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and restricted cash. Cash and cash equivalents and restricted cash consist primarily of highly liquid short-term investments deposited with financial institutions that are of high credit quality.
Accounts and Notes Receivable	Accounts and Notes Receivable On January 1, 2020, the Company adopted the provisions of ASU No. 2016-13, Credit Losses, Measurement of Credit Losses on Financial Instruments. The most significant driver of this adjustment was the Company’s change in accounting policy related to expected losses (rather than incurred losses) from trade receivables applied to its portfolio based on historical and future performance. Receivables are recorded when the right to consideration from the customer becomes unconditional, which is generally upon billing or upon satisfaction of a performance obligation, whichever is earlier. Accounts receivable are uncollateralized, without interest, and consist primarily of receivables from the sale of Globalstar services and equipment. For service customers, payment is generally due within thirty days of the invoice date and for equipment customers, payment is generally due within thirty to sixty days of the invoice date, or, for some customers, may be made in advance of shipment. The Company has agreements with certain customers whereby the parties net settle outstanding payables and receivables between the respective entities on a periodic basis. The Company also has agreements whereby it acts as an agent to procure goods and perform services on behalf of the customer; payment is generally due within 45 days of the invoice date for this customer. The Company performs ongoing credit evaluations of its customers and impairs receivable balances by recording specific allowances for credit losses based on factors such as supportable and reasonable current trends, the length of time the receivables are past due and historical collection experience. The Company believes that historical collection experience is the most reasonable basis for predicting future performance. The Company’s major portfolio of contract assets are customer receivables and, as such, historical delinquency percentages are generally consistent over time. The estimate of the allowance for credit losses is computed using aging schedules by type of revenue (service and subscriber equipment), by product (Duplex, SPOT and Commercial IoT) and by country. As discussed above, accounts receivable are considered past due in accordance with the contractual terms of the applicable arrangements. The Company applies a loss rate to its portfolio of trade receivables based on past-due status and records an allowance for credit losses, which represents the expected losses of those trade receivables over their estimated contractual life. The estimated life may vary by service and product type, but is generally less than one year. Allowances are generally recorded for all aging categories of outstanding receivables, including those in the current category. Accounts receivable balances that are determined likely to be uncollectible are included in the allowance for credit losses. After attempts to collect a receivable have failed, the receivable is written off against the allowance. The Company considered the potential impact of COVID-19 on its portfolio of trade receivables and increased its loss rate for certain receivables, in limited circumstances. The Company will continue to reassess its sales and collections of receivables each reporting period to support its allowance across its portfolio.
Inventory	Inventory Inventory consists primarily of purchased products, including subscriber equipment devices, which work on the Company’s network, of approximately $9.6 million and $9.5 million as of December 31, 2021 and 2020, respectively, as well as ground infrastructure assets expected to be used as spare parts of approximately $4.2 million as of December 31, 2021 and 2020, respectively. Inventory is stated at the lower of cost or net realizable value. Cost is computed using the first-in, first-out (FIFO) method. Inventory write downs are measured as the difference between the cost of inventory and the net realizable value and are recorded as a cost of subscriber equipment sales - reduction in the value of inventory in the Company’s Consolidated Financial Statements. Product sales and returns from the previous 12 months and future demand forecasts are reviewed and excess and obsolete inventory is written off.
Property and Equipment	Property and Equipment The Globalstar System includes costs for the design, manufacture, test and launch of a constellation of low earth orbit satellites (the “Space Component”), and primary and backup control centers and gateways (the “Ground Component”). Property and equipment is stated at cost, net of accumulated depreciation. Costs associated with the design, manufacture, test and launch of the Company’s Space and Ground Components are capitalized. Capitalized costs associated with the Company’s Space Component, Ground Component, and other assets are tracked by fixed asset category and are allocated to each asset as it comes into service. When a second-generation satellite is incorporated into the second-generation constellation, the Company begins depreciation on the date the satellite is placed into service, which was the point that the satellite reaches its orbital altitude, over its estimated depreciable life. The Company capitalizes interest costs associated with the costs of assets in progress. Capitalized interest is added to the cost of the underlying asset and is amortized over the depreciable life of the asset after it is placed into service. As the Company’s construction in progress increases, the Company capitalizes more interest, resulting in a lower amount of net interest expense recognized under U.S. GAAP. Depreciation is provided using the straight-line method over the estimated useful lives of the respective assets as follows: Space Component - 15 years from the commencement of service Ground Component - 7 or 15 years from commencement of service Software, Facilities & Equipment - 3 to 10 years Buildings - 18 years Leasehold Improvements - Shorter of lease term or the estimated useful lives of the improvements The estimated useful lives of the Company's Space and Ground components were based on estimated design life, information from the Company's engineering department and overall Company strategy for the use of these assets. The Company evaluates and revises the estimated depreciable lives assigned to property and equipment based on changes in facts and circumstances. When changes are made to estimated useful lives, the remaining carrying amounts are depreciated prospectively over the remaining useful lives. For assets that are sold or retired, including satellites that are de-orbited and no longer providing services, the estimated cost and accumulated depreciation is removed from property and equipment. The Company assesses the impairment of property and equipment whenever events or changes in circumstances indicate that the recorded value may not be recoverable. Recoverability of assets is measured by comparing the carrying amounts of the assets to the estimated future undiscounted cash flows, excluding financing costs. If the asset is not recoverable, its carrying value would be adjusted down to fair value and an impairment loss would be recorded. Additionally, the Company routinely performs profitability analyses to determine if investments in certain products and/or services remain viable. In the event the Company decides not to support a product or service, or determines that an asset is not expected to generate future benefit, the asset may be abandoned and an impairment loss may be recorded on the associated assets. Assets held for sale are carried at the lower of cost or fair value less estimated cost to sell; these assets are generally classified as current on the Company's consolidated balance sheets as the disposal of these assets is expected within one year.
Leases	Leases The Company has operating and finance leases for facilities and equipment around the world, including corporate offices, satellite control centers, ground control centers, gateways and certain equipment. Upon inception of a contract, the Company evaluates if the contract, or part of the contract, contains a lease. A lease conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Leases include both a right-of-use asset and a lease liability. The right-of-use asset represents the Company’s right to use the underlying asset in the lease. Certain initial direct costs associated with consummating a lease are included in the initial measurement of the right-of-use asset. The right-of-use asset also includes prepaid lease payments and lease incentives. The lease liability represents the present value of the remaining lease payments discounted using the implicit rate in the lease on the lease commencement date. For leases in which the implicit rate is not readily determinable, an estimated incremental borrowing rate is used, which represents a rate of interest that the Company would pay to borrow on a collateralized basis over a similar term. The Company has elected to combine lease and non-lease components, if applicable. For operating leases, the Company records lease expense on a straight-line basis over the lease term in either marketing, general and administrative expense or cost of services, depending on the nature of the underlying asset. For finance leases, the Company records the amortization of the right-of-use asset through depreciation, amortization and accretion expense and records the interest expense on the lease liability through interest expense, net, using the effective interest method. Variable lease payments are payments made to a lessor due to changes in circumstances occurring after the commencement date. Variable lease payments dependent upon an index or rate are included in the measurement of the lease liability; all other variable lease payments are not included in the measurement of the lease liability and recognized when incurred. Variable lease payments excluded from the measurement of the lease liability are uncommon and, when incurred, are immaterial for the Company. The Company’s existing leases have remaining lease terms of less than 1 year to 20 years. Lease terms include renewal or termination options that the Company is reasonably certain to exercise. For leases with a term of twelve months or less, the Company does not record a right-of-use asset and associated lease liability on its consolidated balance sheet. The Company reviews the carrying value of its right-of-use assets for impairment whenever events or changes in circumstances indicate that the recorded value may not be recoverable. Recoverability of assets is measured by comparing the carrying amounts of the assets to the estimated future undiscounted cash flows, excluding financing costs. If a right-of-use asset is not recoverable, its carrying value would be adjusted down to fair value and an impairment loss would be recorded.
Derivative Instruments	Derivative Instruments Upon inception of a contract, the Company evaluates if the contract contains a derivative instrument. The Company has financing arrangements that are hybrid instruments that contain embedded derivative features. Derivative instruments are recognized as either assets or liabilities in the consolidated balance sheets and are measured at fair value with gains or losses recognized in earnings. The Company determines the fair value of derivative instruments based on available market data and assumptions developed by management using appropriate valuation models.
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs are those costs directly incurred in obtaining long-term debt. These costs are amortized as additional interest expense over the expected term of the corresponding debt. Deferred financing costs are recorded on the Company's consolidated balance sheets as a reduction in the carrying amount of the related debt liability. The Company classifies deferred financing costs consistent with the classification of the related debt outstanding at the end of the reporting period.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company believes it is not practicable to determine the fair value of the 2019 Facility Agreement, the 2009 Facility Agreement and the PPP Loan. Interest rates and other terms for long-term debt are not readily available and generally involve a variety of factors, including due diligence by the debt holders. For the Company’s 8.00% Convertible Senior Notes Issued in 2013 (“2013 8.00% Notes”), the fair value of debt is calculated using inputs consistent with those used to calculate the fair value of the derivatives embedded in these instruments.
Litigation, Commitments and Contingencies	Litigation, Commitments and Contingencies The Company is subject to various claims and lawsuits that arise in the ordinary course of business. Estimating liabilities and costs associated with these matters requires judgment and assessment based on professional knowledge and experience of our management and legal counsel. When a loss is considered probable and reasonably estimable, a liability is recorded for the Company's best estimate. If there is a range of loss, the Company will record a reserve based on the low end of the range, unless facts and circumstances can support a different point in the range. When a loss is probable, but not reasonably estimable, disclosure is provided, as considered necessary. Reserves for potential claims or lawsuits may be relieved if the loss is no longer considered probable. The ultimate resolution of any such exposure may vary from earlier estimates as further facts and circumstances become known.
Gain/Loss on Extinguishment of Debt	Gain/Loss on Extinguishment of Debt Gain or loss on extinguishment of debt generally is recorded upon an extinguishment of a debt instrument or the conversion of certain of the Company’s convertible notes. Gain or loss on extinguishment of debt is calculated as the difference between the reacquisition price and net carrying amount of the debt, which includes unamortized debt issuance costs, and is recorded as an extinguishment gain or loss in the Company’s consolidated statement of operations.
Revenue Recognition and Deferred Revenue	Revenue Recognition and Deferred Revenue Revenue consists primarily of satellite voice and data service revenue, revenue generated from the sale of fixed and mobile devices, and revenue from providing engineering and support services. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer. Each type of revenue is a separate performance obligation with distinct deliverables and is therefore accounted for discretely. Revenue is measured based on the consideration specified in a contract with a customer, adjusted for credits and discounts, as applicable, and is recognized when the Company satisfies a performance obligation by transferring control over a product or service to a customer. Generally, service revenue is recognized over a period of time and revenue from the sale of subscriber equipment is recognized at a point in time. The recognition of revenue for service is over time as the customer simultaneously receives and consumes the benefits of the Company’s performance over the contract term. The recognition of revenue for subscriber equipment is at a point in time as the risks and rewards of ownership of the hardware transfer to the customer generally upon shipment, which is when legal title of the product transfers to the customer, among other things (as discussed further below). The Company does not record sales taxes, telecommunication taxes or other governmental fees collected from customers in revenue. The Company excludes these taxes from the measurement of contract transaction prices. The Company receives payment from customers in accordance with billing statements or invoices for customer contracts; these payments may be in advance or arrears of services provided to the customer by the Company. Customer payments received in advance of the corresponding service period are recorded as deferred revenue. Upon activation of a Globalstar device, certain customers are charged an activation fee, which is recognized over the term of the expected customer life. Credits granted to customers are expensed or charged against revenue or accounts receivable over the remaining term of the contract. Estimates related to earned but unbilled service revenue are calculated primarily using current subscriber data, including plan subscriptions and usage between the end of the billing cycle and the end of the period. The recognition of service revenue related to amounts allocated to performance obligations that were satisfied (or partially satisfied) in a previous period is not material to the Company’s financial statements. Amounts related to earned but unbilled revenue from the sale of subscriber equipment are recognized if hardware is shipped prior to the invoice being generated. This situation may result from multi-deliverable contracts, whereby equipment and service revenue are bundled and billed over time to a single customer. Provisions for estimated future warranty costs, returns and rebates are recorded as a cost of sale, or a reduction to revenue, as applicable. These costs are based on historical trends and the provision is reviewed regularly and periodically adjusted to reflect changes in estimates. Certain contracts with customers may contain a financing component. Under ASC 606, an entity should adjust the promised amount of the consideration for the effects of time value of money if the timing of the payments agreed upon by the parties to the contract provides the customer or the entity with a significant benefit of financing for the transfer of goods or services to the customer. For certain engineering services provided pursuant to the Company's previously disclosed Terms Agreement (which is defined and discussed in more detail below in Engineering and Other Service Revenue), the length of time between receipt of payment by the customer and transfer of services by the Company is greater than one year. Accordingly, payments made by the customer pursuant to the Terms Agreement includes a significant financing component. The Company accretes interest expense using the effective interest rate method over the period in which these advance payments are outstanding. The rate in which interest is computed is based on rates implicit in the Terms Agreement. For the Company's subscriber contracts, transactions with a significant financing component are infrequent and not considered material to the Company as the time between cash collection and performance is generally less than one year. The following describes the principal activities from which the Company generates its revenue. Duplex Service Revenue. The Company recognizes revenue for monthly access fees in the period services are rendered. The Company offers certain annual plans whereby a customer prepays for a predetermined amount of minutes and data. In these cases, revenue is recognized consistent with a customer's expected pattern of usage based on historical experience because the Company believes that this method most accurately depicts the satisfaction of the Company's obligation to the customer. This usage pattern is typically seasonal and highest in the second and third calendar quarters of the year. The Company offers other annual plans whereby the customer is charged an annual fee to access the Company’s system with an unlimited amount of usage. Annual fees for unlimited plans are recognized on a straight-line basis over the term of the plans. SPOT Service Revenue. The Company sells SPOT services as monthly, annual or multi-year plans and recognizes revenue on a straight-line basis over the service term, beginning when the service is activated by the customer. Commercial IoT Service Revenue. The Company sells Commercial IoT services as monthly, annual or multi-year plans and recognizes revenue ratably over the service term or as service is used, beginning when the service is activated by the customer. Equipment Revenue. Subscriber equipment revenue represents the sale of fixed and mobile user terminals, SPOT and Commercial IoT products, and accessories. The Company recognizes revenue upon shipment provided control has transferred to the customer. Indicators of transfer of control include, but are not limited to; 1) the Company’s right to payment, 2) the customer has legal title of the equipment, 3) the Company has transferred physical possession of the equipment to the customer or carrier, and 4) the customer has significant risks and rewards of ownership of the equipment. The Company sells equipment designed to work on its network through various channels, including through partners as well as direct to consumers or other businesses by its global sales team and through its e-commerce website. The sales channel depends primarily on the type of equipment and geographic region. Promotional rebates are offered from time to time. A reduction to revenue is recorded to reflect the lower transaction price based on an estimate of the customer take rate at the time of the sale using primarily historical data. This estimate is adjusted periodically to reflect actual rebates given to the Company’s customers. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment cost and are included in cost of subscriber equipment sales. Engineering and Other Service Revenue. Other service revenue includes primarily revenue associated with engineering services to assist customers in developing new applications to operate on its network. The revenue associated with these engineering services is generally recorded over time as the services are rendered, and the Company's obligation to the customer is satisfied. In February 2020, the Company entered into an agreement (i) providing for a customer to pay the Company for non-recurring engineering (NRE) services in connection with the assessment of a potential service utilizing certain of the Company's assets and capacity, and (ii) setting forth the primary terms for the potential development and operation of the service (the “Terms Agreement”). In connection with the Terms Agreement, the Company has incurred certain costs to fulfill this contract. In accordance with applicable accounting guidance, the Company nets these costs against the deferred revenue balance associated with this customer. See further discussion below in Intangible and Other Assets. Multiple-Element Arrangement Contracts. At times, the Company will sell subscriber equipment through multiple-element arrangement contracts with services. When the Company sells subscriber equipment and services in bundled arrangements and determines that it has separate performance obligations, the Company allocates the bundled contract price among the various performance obligations based on relative stand-alone selling prices at contract inception of the distinct goods or services underlying each performance obligation and recognizes revenue when, or as, each performance obligation is satisfied.
Stock-Based Compensation	Stock-Based Compensation The Company recognizes compensation expense in the financial statements for both employee and non-employee share-based awards based on the grant date fair value of those awards. The Company uses the Black-Scholes option pricing model to estimate the fair value of stock option awards on the date of grant. For restricted stock awards and units, the fair value is determined from the stock price on the grant date. The Company's estimate of the forfeiture rate of its share-based awards also impacts the timing of expense recorded over the vesting period of the award. The Company's estimate for pre-vesting forfeitures is recognized over the requisite service periods of the awards on a straight-line basis, which is generally commensurate with the vesting term. For share-based awards with a performance condition that affects vesting, the Company recognizes compensation cost for awards if and when the performance condition is probable of achievement. See Note 15: Stock Compensation for a description of methods used to determine the Company's assumptions.
Foreign Currency	Foreign Currency The functional currency of the Company’s foreign consolidated subsidiaries is generally their local currency, unless the subsidiary operates in a hyperinflationary economy, such as Venezuela and Argentina. Assets and liabilities of its foreign subsidiaries are translated into United States dollars based on exchange rates at the end of the reporting period. Income and expense items are translated at the average exchange rates prevailing during the reporting period. For 2021, 2020 and 2019, the foreign currency translation adjustments were net gains of $4.4 million, net losses of $1.5 million and net losses of $0.7 million, respectively. Foreign currency transaction gains/losses were approximately net losses of $6.3 million, net losses of $0.7 million and net gains of $0.1 million for each of 2021, 2020, and 2019, respectively.
Asset Retirement Obligation	Asset Retirement Obligation Liabilities arising from legal obligations associated with the retirement of gateway long-lived assets are measured at fair value and recorded as a liability. Upon initial recognition of a liability for retirement obligations, the Company also capitalizes, as part of the asset carrying amount, the estimated costs associated with its expected retirement. This asset is depreciated over the life of the gateway to be retired. Accretion of the asset retirement obligation liability and depreciation of the related assets are included in depreciation, amortization and accretion in the accompanying consolidated statements of operations.
Warranty Expense	Warranty Expense Warranty terms extend from 90 days on equipment accessories to one year for fixed and mobile user terminals. A provision for estimated future warranty costs is recorded as cost of sales when products are shipped. Warranty costs are based on historical trends in warranty charges as a percentage of gross product shipments. The resulting accrual is reviewed regularly and periodically adjusted to reflect changes in warranty cost estimates.
Research and Development Expenses	Research and Development Expenses Research and development costs were $1.0 million, $1.9 million and $3.2 million for 2021, 2020 and 2019, respectively. These costs are expensed as incurred as cost of services and include primarily the cost of new product development, chip set design and other engineering work.
Income Taxes	Income Taxes The Company is taxed as a C corporation for U.S. tax purposes. The Company recognizes deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis, operating losses and tax credit carryforwards. The Company measures deferred tax assets and liabilities using tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company recognizes the effect on deferred tax assets and liabilities of a change in tax rates in income in the period that includes the enactment date; however, as the Company has a full valuation allowance on its deferred tax assets, there is no impact to the consolidated statements of operations and balance sheets. The Company recognizes valuation allowances to reduce deferred tax assets to the amount that is more likely than not to be realized. In assessing the likelihood of realization, management considers: (i) future reversals of existing taxable temporary differences; (ii) future taxable income exclusive of reversing temporary differences and carryforwards; (iii) taxable income in prior carry-back year(s) if carry-back is permitted under applicable tax law; and (iv) tax planning strategies.
Comprehensive (Loss) Income	Comprehensive (Loss) Income All components of comprehensive (loss) income, including the minimum pension liability adjustment and foreign currency translation adjustment, are reported in the financial statements in the period in which they are recognized. Comprehensive (loss) income is defined as the change in equity during a period from transactions and other events and circumstances from non-owner sources.
(Loss) Earnings Per Share	(Loss) Earnings Per Share Basic (loss) earnings per share is computed by dividing (loss) income available to common stockholders by the weighted average number of shares of common stock outstanding during the period. In periods of net income, the numerator used to calculate diluted EPS includes the effect of dilutive securities, including interest expense, net, and derivative gains or losses reflected in net (loss) income. Common stock equivalents are included in the calculation of diluted earnings per share only when the effect of their inclusion would be dilutive. The effect of potentially dilutive common shares for the Company's convertible notes are calculated using the if-converted method. Generally, for all other potentially dilutive common shares, the effect is calculated using the treasury stock method.
Intangible Assets	Intangible and Other Assets Intangible Assets Not Subject to Amortization A significant portion of the Company's intangible assets are licenses that provide the Company the exclusive right to provide MSS services over the Globalstar System or to utilize designated radio frequency spectrum to provide terrestrial wireless communication services in a particular region of the world. While licenses are issued for only a fixed time, such licenses are subject to renewal by the Federal Communications Commission ("FCC") or equivalent international regulatory authorities. These license renewals are expected to occur routinely and at nominal cost. Moreover, the Company has determined that there are currently no legal, regulatory, contractual, competitive, economic or other factors that limit the useful life of its wireless licenses. As a result, the Company treats the wireless licenses as an indefinite-lived intangible asset. The Company re-evaluates the useful life determination for wireless licenses annually, or more frequently if needed, to determine whether events and circumstances continue to support an indefinite useful life. Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If an indicator is present, the Company would measure recoverability by comparing the carrying amount to the future undiscounted cash flows the asset is expected to generate. If the asset is not recoverable, the undiscounted cash flows do not exceed the carrying amount and the carrying amount would be adjusted down to its fair value. Intangible Assets Subject to Amortization Our intangible assets that do not have indefinite lives are amortized over their estimated useful lives. For information related to each major class of intangible assets, including accumulated amortization and estimated average useful lives, see Note 5: Intangible and Other Assets.
Other Assets	Other Assets Prepaid Licenses and Royalties The Company has signed various licensing and royalty agreements necessary for the manufacture and distribution of its products. Amounts that are prepaid are recorded primarily in noncurrent assets on the Company's consolidated balance sheet. The Company estimates the portion of expense incurred or royalties earned for the next 12 months and reclassifies these amounts to current assets on the Company's consolidated balance sheet each reporting period. The Company will expense these amounts through depreciation expense over the life of the gateway, maintenance expense over the term of the services, or cost of goods sold on a per unit basis as these units are manufactured, sold, or activated. Contract Costs The Company also capitalizes incremental costs to obtain and/or fulfill a contract to the extent it expects to recover them. For subscriber-driven contracts, these capitalized contract acquisition costs primarily include deferred subscriber acquisition costs and are amortized consistently with the pattern of transfer of the good or delivery of the service to which the asset relates. For engineering and support service contracts, these contract costs may include certain expenses incurred by the Company prior to the customer benefiting from the service. When a contract terminates prior to the end of its expected life, the remaining contract acquisition cost associated with it becomes impaired and the amount is expensed. Total contract acquisition costs were $1.7 million and $2.4 million as of December 31, 2021 and 2020, respectively, and are recorded in other assets on the Company's consolidated balance sheet. These costs are typically amortized to marketing, general and administrative expenses over three years, which considers anticipated contract renewals. For the years ended December 31, 2021, 2020 and 2019, the amount of amortization related to contract acquisition costs was $2.1 million, $2.1 million and $1.4 million, respectively. Total costs to fulfill a contract were $2.1 million and zero as of December 31, 2021 and 2020, respectively, and are netted against the associated contract liability, which is recorded in deferred revenue on the Company's consolidated balance sheet. As of December 31, 2021, costs to fulfill a contract are associated with one customer contract and are netted against this customer's contract liability balance in accordance with ASC 606. These costs are amortized to cost of services or marketing, general and administrative expense over the period in which the Company commences its performance obligations through the estimated completion of the contract term, consistent with the period in which the customer benefits from the services provided. The Company did not amortize any costs to fulfill a contract during 2021.
Impairment of Intangible and Other Assets	Impairment of Intangible and Other AssetsThe Company assesses these intangible assets for impairment annually or more frequently if events or changes in circumstances indicate that it is more likely than not that the asset is impaired. In assessing whether it is more likely than not that such an asset is impaired, the Company assesses relevant events and circumstances that could affect the significant inputs used to determine the fair value of the asset. If the Company determines that an impairment exists, any related loss is estimated based on fair values.
Advertising Expenses	These costs are expensed as incurred as marketing, general and administrative expenses.
Recently Issued and Adopted Accounting Pronouncements	Recently Issued Accounting Pronouncements In August 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2020-06: Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. Among other things, ASU No. 2020-06 simplifies the guidance in ASC 470 by eliminating two of the three models that require separating embedded conversion features from convertible instruments. This ASU is effective for public entities for annual and interim periods beginning after December 15, 2021. The Company adopted this standard when it became effective on January 1, 2022. For existing debt instruments, this standard will not have a material impact to its consolidated financial statements or related disclosures. Recently Adopted Accounting Pronouncements In August 2018, the FASB issued ASU No. 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans - General Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans. As part of the FASB's disclosure framework project, it has changed the disclosure requirements for defined pension and other post-retirement benefit plans as outlined in ASU No. 2018-14. This ASU is effective for public entities for annual periods beginning after December 15, 2020. This ASU adds certain narrative disclosures and removes other disclosures as outlined in ASU No. 2018-14 related to the defined benefit plan as outlined in ASU No. 2018-14. The Company adopted this standard when it became effective on January 1, 2021. The adoption of this standard impacted certain of the Company's disclosures in this Report. In December 2019, the FASB issued ASU No. 2019-12: Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ASU No. 2019-12 amends the accounting treatment for income taxes by simplifying and clarifying certain aspects of the existing guidance. This ASU is effective for public entities for annual and interim periods beginning after December 15, 2020. The Company adopted this standard when it became effective on January 1, 2021. The adoption of this standard did not have a material effect on the Company's financial statements or related disclosures.
Derivatives, Embedded Derivatives	The fair value of each embedded derivative is marked-to-market at the end of each reporting period, or more frequently as deemed necessary, with any changes in value reported in its consolidated statements of operations and its consolidated statements of cash flows as an operating activity.
Fair Value Measurement	The Company follows the authoritative guidance for fair value measurements relating to financial and non-financial assets and liabilities, including presentation of required disclosures herein. This guidance establishes a fair value framework requiring the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets and liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities. Level 2: Quoted prices in markets that are not active or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability. Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity).

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of Allowance for Doubtful Accounts

The following is a summary of the activity in the allowance for credit losses (in thousands):


	Year Ended December 31,
	2021		2020		2019
Balance at beginning of period	$	4,352	$	2,952	$	3,382
Impact of adoption of ASU 2016-13	—		1,684		—
Provision, net of recoveries	409		1,656		1,747
Write-offs and other adjustments	(1,799)		(1,940)		(2,177)
Balance at end of period	$	2,962	$	4,352	$	2,952

REVENUE (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table discloses revenue disaggregated by type of product and service (amounts in thousands):


	Twelve Months Ended December 31,
	2021		2020		2019
Service revenue:
Duplex	$	31,197	$	33,878	$	43,679
SPOT	46,040		46,417		50,461
Commercial IoT	17,951		17,174		16,972
Engineering and other	11,276		15,722		2,274
Total service revenue	106,464		113,191		113,386

Subscriber equipment sales:
Duplex	$	1,011	$	1,883	$	1,325
SPOT	9,427		8,176		7,617
Commercial IoT	7,169		5,140		9,300
Other	226		97		90
Total subscriber equipment sales	17,833		15,296		18,332

Total revenue	$	124,297	$	128,487	$	131,718

The following table discloses revenue disaggregated by geographical market (amounts in thousands):


	Twelve Months Ended December 31,
	2021		2020		2019
Service revenue:
United States	$	77,058	$	84,290	$	80,704
Canada	17,913		18,217		20,709
Europe	7,300		7,040		8,628
Central and South America	3,442		2,717		2,513
Others	751		927		832
Total service revenue	106,464		113,191		113,386

Subscriber equipment sales:
United States	$	10,238	$	8,226	$	9,937
Canada	3,029		3,741		4,632
Europe	2,018		1,639		1,707
Central and South America	2,487		1,674		1,946
Others	61		16		110
Total subscriber equipment sales	17,833		15,296		18,332

Total revenue	$	124,297	$	128,487	$	131,718

LEASES (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of lease assets and liabilities

The following tables disclose the components of the Company’s finance and operating leases (amounts in thousands):


	As of December 31,
	2021		2020
Operating leases:
Right-of-use asset, net	$	32,041	$	14,400

Short-term lease liability (recorded in accrued expenses)	2,501		1,330
Long-term lease liability	29,237		13,726
Total operating lease liabilities	$	31,738	$	15,056

Finance leases:
Right-of-use asset, net (recorded in intangible and other current assets, net)	$	8	$	19

Short-term lease liability (recorded in accrued expenses)	6		11
Long-term lease liability (recorded in non-current liabilities)	3		9
Total finance lease liabilities	$	9	$	20

Schedule of components of lease cost

The components of lease cost are reflected in the table below (amounts in thousands):


	Twelve Months Ended December 31,
	2021		2020		2019

Operating lease cost:
Amortization of right-of-use assets	$	2,601	$	1,880	$	1,719
Interest on lease liabilities	1,948		1,320		1,098
Capitalized lease cost	(615)		—		—
Finance lease cost:
Amortization of right-of-use assets	11		76		105
Interest on lease liabilities	1		4		11
Short-term lease cost	213		100		180
Total lease cost	$	4,159	$	3,380	$	3,113

The following table discloses the weighted-average remaining lease term and discount rate for finance and operating leases:


	As of December 31,
	2021		2020

Weighted-average lease term
Finance leases	1.6 years		1.8 years
Operating Leases	10.6 years		8.3 years

Weighted-average discount rate
Finance leases	7.0	%	7.2	%
Operating leases	8.4	%	8.4	%

The below table discloses supplemental cash flow information for finance and operating leases (in thousands):


	Twelve Months Ended December 31,
	2021		2020		2019

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5,445	$	3,055	$	2,647
Operating cash flows from finance leases	1		4		11
Financing cash flows from finance leases	10		68		103

Schedule of maturities of operating leases liabilities

The following table reflects undiscounted cash flows on an annual basis for the Company’s lease liabilities as of December 31, 2021 (amounts in thousands):


	Operating Leases		Finance Leases

2022	$	5,705	$	6
2023	5,235		4
2024	5,109		—
2025	5,137		—
2026	5,184		—
Thereafter	25,603		—
Total lease payments	$	51,973	$	10
Imputed interest	(20,235)		(1)
Discounted lease liability	$	31,738	$	9

Schedule of maturities of finance leases liabilities

The following table reflects undiscounted cash flows on an annual basis for the Company’s lease liabilities as of December 31, 2021 (amounts in thousands):


	Operating Leases		Finance Leases

2022	$	5,705	$	6
2023	5,235		4
2024	5,109		—
2025	5,137		—
2026	5,184		—
Thereafter	25,603		—
Total lease payments	$	51,973	$	10
Imputed interest	(20,235)		(1)
Discounted lease liability	$	31,738	$	9

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consists of the following (in thousands):


	December 31, 2021		December 31, 2020
Globalstar System:
Space component
First and second-generation satellites in service	$	1,195,509	$	1,195,509
Second-generation satellite, on-ground spare	32,442		32,443
Ground component	282,268		272,492
Construction in progress:
Space component	16,394		398
Ground component	33,998		19,327
Other	4,123		2,900
Total Globalstar System	1,564,734		1,523,069
Internally developed and purchased software	20,823		23,984
Equipment	8,590		9,679
Land and buildings	1,149		3,110
Leasehold improvements	2,088		1,655
Total property and equipment	1,597,384		1,561,497
Accumulated depreciation	(925,228)		(845,588)
Total property and equipment, net	$	672,156	$	715,909

Capitalized Interest

The following table summarizes capitalized interest for the periods indicated below (in thousands):


	Year Ended December 31,
	2021		2020		2019
Interest cost eligible to be capitalized	$	47,580	$	50,721	$	64,058
Interest cost recorded in interest income (expense), net	(43,325)		(48,064)		(62,255)
Net interest capitalized	$	4,255	$	2,657	$	1,803

Depreciation Expense

The following table summarizes depreciation expense for the periods indicated below (in thousands):


	Year Ended December 31,
	2021		2020		2019
Depreciation Expense	$	84,225	$	84,853	$	83,575

Amortization Expense

The following table summarizes amortization expense for the periods indicated below (in thousands):


	Year Ended December 31,
	2021		2020		2019
Amortization Expense	$	12,012	$	11,962	$	12,197

Geographic Location of Property and Equipment

The Company’s information by geographic area is as follows (in thousands):


	Year Ended December 31,
	2021		2020
Property and equipment:
United States	$	621,470	$	687,302
Central and South America	22,981		13,614
Canada	13,921		11,814
Africa	5,471		6
Europe	5,136		3,170
Asia	2,752		—
Other	425		3
Total property and equipment	$	672,156	$	715,909

INTANGIBLE AND OTHER ASSETS (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Gross Carrying Amount and Accumulated Amortization of Intangible Assets

The gross carrying amount and accumulated amortization of the Company's intangible assets consist of the following (in thousands):


	December 31, 2021						December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Intangible Assets Not Subject to Amortization	$	24,906	$	—	$	24,906	$	21,496	$	—	$	21,496

Intangible Assets Subject to Amortization:
Developed technology	$	11,865	$	(7,949)	$	3,916	$	11,856	$	(7,016)	$	4,840
Regulatory authorizations	3,104		(940)		2,164		1,866		(682)		1,184
	$	14,969	$	(8,889)	$	6,080	$	13,722	$	(7,698)	$	6,024

Total	$	39,875	$	(8,889)	$	30,986	$	35,218	$	(7,698)	$	27,520

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Excluding the effects of any acquisitions, dispositions or write-downs subsequent to December 31, 2021, total estimated annual amortization of intangible assets is as follows (in thousands):


2022	$	1,265
2023	979
2024	729
2025	553
2026	505
Thereafter	2,049
Total	$	6,080

Schedule of Other Assets

Other assets consist of the following (in thousands):


	December 31,
	2021		2020
Costs to obtain a contract	$	1,725	$	2,404
Long-term prepaid licenses and royalties	4,380		4,679
International tax receivables	577		619
Investments in businesses	240		1,589
Compound embedded derivative with the 2019 Facility Agreement	484		286
ERP software costs	919		64
Other long-term assets	1,725		1,068
Total other assets	$	10,050	$	10,709

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Long-term Debt

Long-term debt consists of the following (in thousands):


	December 31, 2021						December 31, 2020
	Principal Amount		Unamortized Discount and Deferred Financing Costs		Carrying Value		Principal Amount		Unamortized Discount and Deferred Financing Costs		Carrying Value
2019 Facility Agreement	$	263,812	$	27,287	$	236,525	$	230,597	$	32,125	$	198,472
8.00% Convertible Senior Notes Issued in 2013	1,407		—		1,407		1,376		—		1,376
2009 Facility Agreement	—		—		—		186,988		6,373		180,615
Paycheck Protection Program Loan	—		—		—		4,973		26		4,947
Total Debt	265,219		27,287		237,932		423,934		38,524		385,410
Less: Current Portion	—		—		—		58,824		—		58,824
Long-Term Debt	$	265,219	$	27,287	$	237,932	$	365,110	$	38,524	$	326,586

Summary Minimum Adjusted EBITDA Required by Debt Covenant

The Company achieves for each period the following minimum adjusted consolidated EBITDA (as defined in the 2019 Facility Agreement) (amounts in thousands):


Period	Minimum Amount

1/1/21-6/30/21	$	18,500
7/1/21-12/31/21	$	24,100
1/1/22-6/30/22	$	21,100
7/1/22-12/31/22	$	27,100

Schedule of Maturities of Long-Term Debt

Annual debt maturities for each of the five years following December 31, 2021 and thereafter are as follows (in thousands):


2022	$	—
2023	1,407
2024	—
2025	263,812
2026	—
Thereafter	—
Total	$	265,219

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69B
-URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69E
-URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644

+ Details

DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Values of Derivative Instruments

The following table discloses the fair values of the derivative instruments on the Company’s consolidated balance sheets (in thousands):


	December 31,
	2021		2020
Derivative assets:
Compound embedded derivative with the 2019 Facility Agreement	$	484	$	286
Total derivative assets	$	484	$	286

Derivative liabilities:
Compound embedded derivative with the 2013 8.00% Notes	$	(1,364)	$	(123)
Total derivative liabilities	$	(1,364)	$	(123)

Schedule of Derivative Gains

The following table discloses the changes in value recorded as derivative (loss) gain in the Company’s consolidated statement of operations (in thousands):


	Year ended December 31,
	2021		2020		2019
Compound embedded derivative with the 2013 8.00% Notes	$	(1,241)	$	399	$	235
Compound embedded derivative with the Loan Agreement with Thermo	—		212		144,838
Compound embedded derivative with the 2019 Facility Agreement	198		2,286		—
Total derivative (loss) gain	$	(1,043)	$	2,897	$	145,073

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables provide a summary of the assets and liabilities measured at fair value on a recurring basis (in thousands):


	Fair Value Measurements at December 31, 2021:
	(Level 1)		(Level 2)		(Level 3)		Total Balance
Assets:
Compound embedded derivative with the 2019 Facility Agreement	$	—	$	—	$	484	$	484
Total assets measured at fair value	$	—	$	—	$	484	$	484

Liabilities:
Compound embedded derivative with the 2013 8.00% Notes	$	—	$	—	$	(1,364)	$	(1,364)
Total liabilities measured at fair value	$	—	$	—	$	(1,364)	$	(1,364)


	Fair Value Measurements at December 31, 2020:
	(Level 1)		(Level 2)		(Level 3)		Total Balance
Assets:
Compound embedded derivative with the 2019 Facility Agreement	$	—	$	—	$	286	$	286
Total assets measured at fair value	$	—	$	—	$	286	$	286

Liabilities:
Compound embedded derivative with the 2013 8.00% Notes	$	—	$	—	$	(123)	$	(123)
Total liabilities measured at fair value	$	—	$	—	$	(123)	$	(123)

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques

The significant quantitative Level 3 inputs utilized in the valuation models are shown in the tables below:


	December 31, 2021:
	Stock Price Volatility	Risk-Free Interest Rate	Note Conversion Price	Discount Rate	Market Price of Common Stock
Compound embedded derivative with the 2013 8.00% Notes	120 - 139%	0.5%	$0.69	18%	$1.16


	December 31, 2020:
	Stock Price Volatility	Risk-Free Interest Rate	Note Conversion Price	Discount Rate	Market Price of Common Stock
Compound embedded derivative with the 2013 8.00% Notes	40 - 85%	0.1%	$0.69	19%	$0.34

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The following table sets forth the carrying values and estimated fair values of the Company's other debt instrument, which is classified as Level 3 financial instruments (in thousands):


	December 31, 2021				December 31, 2020
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value

2013 8.00% Notes	$	1,407	$	1,265	$	1,376	$	1,122

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents a rollforward for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in thousands):


	Year Ended December 31,
	2021		2020
Balances at beginning of period	$	163	$	(3,792)
Derivative adjustment related to conversions	—		1,058
Unrealized (loss) gain, included in derivative (loss) gain	(1,043)		2,897
Balances at end of period	$	(880)	$	163

ACCRUED EXPENSES AND OTHER NON-CURRENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

Schedule of Accrued Expenses

Accrued expenses consist of the following (in thousands):


	December 31,
	2021		2020
Accrued compensation and benefits	$	4,687	$	4,270
Accrued satellite and ground costs	6,195		69
Accrued property and other taxes	4,053		4,702
Accrued customer liabilities and deposits	5,354		6,551
Accrued professional and other service provider fees	2,094		2,705
Accrued commissions	601		1,722
Accrued telecommunications expenses	705		1,284
Accrued inventory and tariffs	1,474		2,294
Short-term lease liability	2,501		1,330
Other accrued expenses	1,283		989
Total accrued expenses	$	28,947	$	25,916

Schedule of Changes in the Warranty Reserve Accrual

The following is a summary of the activity in the warranty reserve account, which is included in other accrued expenses above (in thousands):


	Year Ended December 31,
	2021		2020		2019
Balance at beginning of period	$	212	$	186	$	153
Provision	361		543		525
Utilization	(411)		(517)		(492)
Balance at end of period	$	162	$	212	$	186

Schedule of Other Non-current Liabilities

Other non-current liabilities consist of the following (in thousands):


	December 31,
	2021		2020
Employee benefit obligations (Note 12)	$	3,289	$	3,650
Asset retirement obligations (Note 1)	2,461		1,629
Compound embedded derivative with the 2013 8.00% Notes (Note 7 and Note 8)	1,364		123
Deferred tax liability (Note 13)	296		755
Foreign tax contingencies	474		633
Deferred payroll taxes under CARES Act	—		423
Other	3		8
Total other non-current liabilities	$	7,887	$	7,221

PENSIONS AND OTHER EMPLOYEE BENEFITS (Tables)

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

Reconciliation of Projected Benefit Obligation, Plan Assets and the Funded Status of Company's Defined Benefit Plan

Below is a reconciliation of projected benefit obligation, plan assets and the funded status of the Company’s defined benefit plan (in thousands):


	Year Ended December 31,
	2021		2020
Change in projected benefit obligation:
Projected benefit obligation, beginning of year	$	9,179	$	16,509
Service cost	174		176
Interest cost	225		521
Actuarial (gain) loss	(45)		671
Settlement	—		(7,669)
Benefits paid	(482)		(1,029)
Projected benefit obligation, end of year	$	9,051	$	9,179
Change in fair value of plan assets:
Fair value of plan assets, beginning of year	$	5,529	$	12,381
Return on plan assets	485		1,131
Employer contributions	230		715
Settlement	—		(7,669)
Benefits paid	(482)		(1,029)
Fair value of plan assets, end of year	$	5,762	$	5,529
Funded status, end of year-net liability	$	(3,289)	$	(3,650)

Schedule of Components of Net Periodic Benefit Cost

Components of the net periodic benefit cost of the Company’s defined benefit pension plan were as follows (in thousands):


	Year Ended December 31,
	2021		2020		2019
Net periodic benefit cost:
Service cost	$	174	$	176	$	195
Interest cost	225		521		706
Expected return on plan assets	(309)		(793)		(794)
Amortization of unrecognized net actuarial loss	189		300		404
Settlement	—		2,075		455
Total net periodic benefit cost	$	279	$	2,279	$	966

Schedule of Amounts Recognized in Balance Sheet

Amounts recognized in the consolidated balance sheet were as follows (in thousands):


	December 31,
	2021		2020
Amounts recognized:
Funded status recognized in other non-current liabilities	$	(3,289)	$	(3,650)
Net actuarial loss recognized in accumulated other comprehensive loss	2,073		2,483
Net amount recognized in retained deficit	$	(1,216)	$	(1,167)

Schedule of Assumptions Used to Calculate Benefit Obligation and Net Periodic Benefit Cost

The weighted-average assumptions used to determine the benefit obligation and net periodic benefit cost were as follows:


	For the Year Ended December 31,
	2021		2020		2019
Benefit obligation assumptions:
Discount rate	2.84	%	2.50	%	3.28	%
Rate of compensation increase	N/A		N/A		N/A
Net periodic benefit cost assumptions:
Discount rate	2.50	%	3.28	%	4.25	%
Expected rate of return on plan assets	5.75	%	6.50	%	6.50	%
Rate of compensation increase	N/A		N/A		N/A

Schedule of Plan Asset Allocations

The defined benefit pension plan asset allocations as of the measurement date presented as a percentage of total plan assets were as follows:


	December 31,
	2021		2020
Equity securities	55	%	55	%
Debt securities	45		45

Total	100	%	100	%

Schedule of Fair Value of Plan Assets

The fair values of the Company’s pension plan assets by asset category were as follows (in thousands):


	December 31, 2021
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
United States equity securities	$	2,542	$	—	$	2,542	$	—
International equity securities	631		—		631		—
Fixed income securities	1,693		—		1,693		—
Other	896		—		896		—
Total	$	5,762	$	—	$	5,762	$	—


	December 31, 2020
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
United States equity securities	$	2,426	$	—	$	2,426	$	—
International equity securities	619		—		619		—
Fixed income securities	1,553		—		1,553		—
Other	931		—		931		—
Total	$	5,529	$	—	$	5,529	$	—

Schedule of Future Benefit Payments

The benefit payments to retirees over the next ten years are expected to be paid as follows (in thousands):


2022	$	522
2023	516
2024	526
2025	542
2026	558
2027 - 2031	2,657

TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of the Components of Income Tax Expense (Benefit)

The components of income tax (benefit) expense were as follows (in thousands):


	Year Ended December 31,
	2021		2020		2019
Current:
Federal tax	$	—	$	—	$	—
State tax	153		54		56
Foreign tax	7		248		94
Total	160		302		150
Deferred:
Federal and state tax	(459)		360		395
Foreign tax	—		—		—
Total	(459)		360		395
Income tax (benefit) expense	$	(299)	$	662	$	545

Schedule of U.S. and Foreign Components of Income (Loss) Before Taxes

U.S. and foreign components of (loss) income before income taxes are presented below (in thousands):


	Year Ended December 31,
	2021		2020		2019
U.S. (loss) income	$	(79,452)	$	(82,740)	$	47,545
Foreign loss	(33,472)		(26,237)		(31,676)
Total (loss) income before income taxes	$	(112,924)	$	(108,977)	$	15,869

Schedule of the Components of Net Deferred Income Tax Assets

The components of net deferred income tax assets (liabilities) were as follows (in thousands):


	December 31,
	2021		2020
Federal and foreign NOL and credit carryforwards	$	498,882	$	507,105
Property and equipment and other long-term assets	(114,722)		(133,086)
Reserves and disallowed interest	10,195		6,349
Deferred tax assets before valuation allowance	394,355		380,368
Valuation allowance	(394,651)		(381,123)
Net deferred income tax liability	$	(296)	$	(755)

Schedule of Actual Provision for Income Taxes to the Statutory U.S. Federal Income Tax Rate

The actual provision for income taxes differs from the statutory U.S. federal income tax rate as follows (in thousands):


	Year Ended December 31,
	2021		2020		2019
Provision at U.S. statutory rate of 21%	$	(23,714)	$	(22,885)	$	3,333
State income taxes, net of federal benefit	(867)		(1,386)		1,055
Change in valuation allowance (excluding impact of foreign exchange rates)	15,991		61,540		(89,998)
Effect of foreign income tax at various rates	176		(53)		(84)
Permanent differences	4,993		5,809		7,942
Net change in permanent items due to provision to tax return	(569)		1,914		2,475
Adjustment to reserved deferred assets	1,969		(48,485)		62,085
Adjustment to state deferred rate	775		4,200		13,639
Other	947		8		98
Total	$	(299)	$	662	$	545

(LOSS) EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted



	Year ended December 31,
	2021		2020		2019
Net (loss) income	$	(112,625)	$	(109,639)	$	15,324
Effect of dilutive securities:
2013 8.00% Notes	—		—		(127)
Loan Agreement with Thermo	—		—		(125,880)
Loss to common stockholders plus assumed conversions	$	(112,625)	$	(109,639)	$	(110,683)
Weighted average common shares outstanding:
Basic shares outstanding	1,765,139		1,642,359		1,450,768
Incremental shares from assumed exercises, conversions and other issuance of:
Stock options, restricted stock, restricted stock units and Employee Stock Purchase Plan	—		—		4,743
2013 8.00% Notes	—		—		2,044
Loan Agreement with Thermo	—		—		195,805
Warrants issued in connection with 2019 Facility Agreement	—		—		1,831
Diluted shares outstanding	1,765,139		1,642,359		1,655,191
Net (loss) income per common share:
Basic	$	(0.06)	$	(0.07)	$	0.01
Diluted	$	(0.06)	$	(0.07)	$	(0.07)

STOCK COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Assumptions Used to Estimate Fair Value of Stock Options

The table below summarizes the assumptions for the indicated periods:


	Year Ended December 31,
	2021			2020			2019
Risk-free interest rate	0.4		%	1.7		%	2.5		%
Expected term of options (years)	5			5			5
Volatility	62		%	72		%	63		%
Weighted average grant-date fair value per share	$	0.17		$	0.32		$	0.29

Schedule of Stock Option Activity

The following table represents the Company’s stock option activity for the year ended December 31, 2021:


	Shares	Weighted Average Exercise Price
Outstanding at January 1, 2021	7,984,168	$	1.35
Granted	700,000	0.34
Exercised	(478,800)	0.50
Forfeited or expired	(281,100)	1.66
Outstanding at December 31, 2021	7,924,268	1.30

Exercisable at December 31, 2021	6,620,099	$	1.44

Schedule of Weighted Average Grant Date Fair Value of Restricted Stock

The table below summarizes the weighted average grant date fair value of restricted stock for the indicated periods:


	Year Ended December 31,
	2021		2020		2019
Weighted average grant date fair value	$	1.23	$	0.36	$	0.46

Schedule of Nonvested Restricted Stock Activity

The following is a rollforward of the activity in restricted stock for the year ended December 31, 2021:


	Shares	Weighted Average Grant Date Fair Value
Nonvested at January 1, 2021	7,735,608	$	0.46
Granted	9,351,298	1.23
Vested	(6,207,504)	0.68
Forfeited	(181,875)	0.53
Nonvested at December 31, 2021	10,697,527

Schedule of Assumptions Used to Estimate Fair Value of Employees' Stock Purchase Rights

The fair value of the employees’ stock purchase rights granted under the ESPP was estimated using the Black-Scholes option pricing model with the following assumptions for the following years:


	Year Ended December 31,
	2021			2020
Risk-free interest rate	0.1		%	0.9		%
Expected term (months)	6			6
Volatility	110		%	123		%
Weighted average grant-date fair value per share	$	0.23		$	0.18

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

12 Months Ended

Dec. 31, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Components of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss were as follows (in thousands):


	December 31,
	2021		2020
Accumulated minimum pension liability adjustment	$	(2,073)	$	(2,483)
Accumulated net foreign currency translation adjustment	3,963		(461)
Total accumulated other comprehensive income (loss)	$	1,890	$	(2,944)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2020 USD ($)	Dec. 31, 2021 USD ($) retirement_obligation	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Apr. 30, 2020 USD ($)	Dec. 31, 2013	May 31, 2013 USD ($)
Recent Developments [Abstract]
Debt, principal amount	$ 423,934,000	$ 265,219,000	$ 423,934,000
Accounts Receivable, Allowance for Credit Loss
Balance at beginning of period		4,352,000	2,952,000	$ 3,382,000
Provision, net of recoveries		409,000	1,656,000	1,747,000
Write-offs and other adjustments		(1,799,000)	(1,940,000)	(2,177,000)
Balance at end of period	4,352,000	2,962,000	4,352,000	2,952,000
Inventory
Inventory	13,736,000	13,829,000	13,736,000
Write-down of inventory		1,004,000	662,000	416,000
Deferred Financing Costs
Deferred financing costs	38,500,000	27,300,000	38,500,000
Foreign Currency
Net foreign currency translation adjustment		4,424,000	(1,537,000)	(707,000)
Foreign currency transaction gain (loss)		(6,308,000)	(727,000)	64,000
Asset Retirement Obligation
Asset retirement obligation	1,629,000	$ 2,461,000	1,629,000
Number of new asset retirement obligation \| retirement_obligation		6
Increase in asset retirement obligation		$ 800,000
Research and Development Expenses
Research and development expense		1,000,000	1,900,000	3,200,000
Other Assets [Abstract]
Costs to obtain a contract	2,404,000	$ 1,725,000	2,404,000
Capitalized contract costs, amortization period		3 years
Capitalized contract cost, amortization on previously capitalized costs		$ 2,100,000	2,100,000	1,400,000
Contract with customer	0	2,100,000	0
Marketing and Advertising Expense [Abstract]
Advertising costs		2,300,000	2,500,000	3,400,000
Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss
Balance at beginning of period			1,684,000
Balance at end of period				1,684,000
8.00% Convertible Senior Notes Issued in 2013
Recent Developments [Abstract]
Debt, principal amount	1,376,000	$ 1,407,000	1,376,000				$ 54,600,000
Deferred Financing Costs
Debt instrument, interest rate		8.00%				8.00%	8.00%
Paycheck Protection Program Loan
Recent Developments [Abstract]
Debt, principal amount	4,973,000	$ 0	4,973,000		$ 5,000,000
Paycheck Protection Program Loan, CARES Act
Recent Developments [Abstract]
Debt, principal amount					$ 5,000,000
Minimum
Leases
Remaining lease term		1 year
Warranty Expense
Warranty term		90 days
Maximum
Leases
Remaining lease term		20 years
Warranty Expense
Warranty term		1 year
Space component
Property and Equipment
Estimated useful life		15 years
Ground component \| Minimum
Property and Equipment
Estimated useful life		7 years
Ground component \| Maximum
Property and Equipment
Estimated useful life		15 years
Software, Facilities and Equipment \| Minimum
Property and Equipment
Estimated useful life		3 years
Software, Facilities and Equipment \| Maximum
Property and Equipment
Estimated useful life		10 years
Building
Property and Equipment
Estimated useful life		18 years
Purchased products, including subscriber equipment devices
Inventory
Inventory	9,500,000	$ 9,600,000	9,500,000
Ground infrastructure assets
Inventory
Inventory	4,200,000	$ 4,200,000	4,200,000
Mothballed Gateway Location \| Disposal Group, Held-for-sale, Not Discontinued Operations
Property and Equipment
Assets held for sale	300,000		$ 300,000
Asset impairment	200,000			$ 1,100,000
Proceeds from sale	$ 300,000

REVENUE - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Total revenue	$ 124,297	$ 128,487	$ 131,718
Service revenue
Disaggregation of Revenue [Line Items]
Total revenue	106,464	113,191	113,386
Service revenue \| United States
Disaggregation of Revenue [Line Items]
Total revenue	77,058	84,290	80,704
Service revenue \| Canada
Disaggregation of Revenue [Line Items]
Total revenue	17,913	18,217	20,709
Service revenue \| Europe
Disaggregation of Revenue [Line Items]
Total revenue	7,300	7,040	8,628
Service revenue \| Central and South America
Disaggregation of Revenue [Line Items]
Total revenue	3,442	2,717	2,513
Service revenue \| Others
Disaggregation of Revenue [Line Items]
Total revenue	751	927	832
Services, Duplex
Disaggregation of Revenue [Line Items]
Total revenue	31,197	33,878	43,679
Services, SPOT
Disaggregation of Revenue [Line Items]
Total revenue	46,040	46,417	50,461
Services, Commercial IoT
Disaggregation of Revenue [Line Items]
Total revenue	17,951	17,174	16,972
Services, Engineering and Other
Disaggregation of Revenue [Line Items]
Total revenue	11,276	15,722	2,274
Subscriber Equipment
Disaggregation of Revenue [Line Items]
Total revenue	17,833	15,296	18,332
Subscriber Equipment \| United States
Disaggregation of Revenue [Line Items]
Total revenue	10,238	8,226	9,937
Subscriber Equipment \| Canada
Disaggregation of Revenue [Line Items]
Total revenue	3,029	3,741	4,632
Subscriber Equipment \| Europe
Disaggregation of Revenue [Line Items]
Total revenue	2,018	1,639	1,707
Subscriber Equipment \| Central and South America
Disaggregation of Revenue [Line Items]
Total revenue	2,487	1,674	1,946
Subscriber Equipment \| Others
Disaggregation of Revenue [Line Items]
Total revenue	61	16	110
Subscriber Equipment, Duplex
Disaggregation of Revenue [Line Items]
Total revenue	1,011	1,883	1,325
Subscriber Equipment, SPOT
Disaggregation of Revenue [Line Items]
Total revenue	9,427	8,176	7,617
Subscriber, Commercial IoT
Disaggregation of Revenue [Line Items]
Total revenue	7,169	5,140	9,300
Subscriber Equipment, Other
Disaggregation of Revenue [Line Items]
Total revenue	$ 226	$ 97	$ 90

REVENUE - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended	12 Months Ended
REVENUE - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue				$ 124,297	$ 128,487	$ 131,718
Accounts receivable, net of allowance			$ 22,147	21,182	22,147
Contract with customer, revenue recognized				24,100	31,200
Increase from advance payment from customer	$ 37,500	$ 37,500
Deferred revenue, short-term				1,000
Deferred revenue, long-term				112,400
Imputed interest				1,900
Contract with customer			0	2,100	0
Service revenue
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue				106,464	113,191	$ 113,386
IGO
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Accounts receivable, net of allowance			1,900	700	1,900
Gateway Construction In Nigeria
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract with customer, revenue recognized			2,900
Procurement Of Goods And Performing Services For Customer
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Accounts receivable, net of allowance			$ 4,700	$ 6,500	$ 4,700

REVENUE - Remaining Performance Obligation (Details) - Long-term - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01 $ in Millions	Dec. 31, 2021 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 25.9
Revenue remaining performance obligation, percentage	19.00%
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months

LEASES - Components of Finance and Operating Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating leases:
Right-of-use asset, net	$ 32,041	$ 14,400
Short-term lease liability (recorded in accrued expenses)	$ 2,501	$ 1,330
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses	Accrued expenses
Long-term lease liability	$ 29,237	$ 13,726
Total operating lease liabilities	31,738	15,056
Finance leases:
Right-of-use asset, net (recorded in intangible and other current assets, net)	8	19
Short-term lease liability (recorded in accrued expenses)	$ 6	$ 11
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses	Accrued expenses
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	gsat:IntangibleAssetsAndOtherAssetsNoncurrent	gsat:IntangibleAssetsAndOtherAssetsNoncurrent
Long-term lease liability (recorded in non-current liabilities)	$ 3	$ 9
Total finance lease liabilities	$ 9	$ 20
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other non-current liabilities	Other non-current liabilities

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
LEASES - Lease Cost (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating lease cost:
Amortization of right-of-use assets	$ 2,601	$ 1,880	$ 1,719
Interest on lease liabilities	1,948	1,320	1,098
Capitalized lease cost	(615)	0	0
Finance lease cost:
Amortization of right-of-use assets	11	76	105
Interest on lease liabilities	1	4	11
Short-term lease cost	213	100	180
Total lease cost	$ 4,159	$ 3,380	$ 3,113

LEASES - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Lessor, Lease, Description [Line Items]
Discounted lease liability	$ 31,738	$ 15,056
Gateway Sites
Lessor, Lease, Description [Line Items]
Discounted lease liability	19,700
Lease not yet commenced	$ 2,500

LEASES - Supplemental Lease Information (Details)	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Weighted-average lease term, Finance leases	1 year 7 months 6 days	1 year 9 months 18 days
Weighted-average lease term, Operating leases	10 years 7 months 6 days	8 years 3 months 18 days
Weighted-average discount rate, Finance leases	7.00%	7.20%
Weighted-average discount rate, Operating leases	8.40%	8.40%

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 5,445	$ 3,055	$ 2,647
Operating cash flows from finance leases	1	4	11
Financing cash flows from finance leases	$ 10	$ 68	$ 103

LEASES - Maturity Analysis (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating Leases
2021	$ 5,705
2022	5,235
2023	5,109
2024	5,137
2025	5,184
Thereafter	25,603
Total minimum lease payments	51,973
Imputed interest	(20,235)
Discounted lease liability	31,738	$ 15,056
Finance Leases
2021	6
2022	4
2023	0
2024	0
2025	0
Thereafter	0
Total lease payments	10
Imputed interest	(1)
Discounted lease liability	$ 9	$ 20

PROPERTY AND EQUIPMENT - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 1,597,384	$ 1,561,497
Accumulated depreciation	(925,228)	(845,588)
Total property and equipment, net	672,156	715,909
Internally developed and purchased software
Property, Plant and Equipment [Line Items]
Total property and equipment	20,823	23,984
Equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	8,590	9,679
Land and buildings
Property, Plant and Equipment [Line Items]
Total property and equipment	1,149	3,110
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	2,088	1,655
Global Star System
Property, Plant and Equipment [Line Items]
Total property and equipment	1,564,734	1,523,069
Global Star System \| Ground component
Property, Plant and Equipment [Line Items]
Total property and equipment	282,268	272,492
Global Star System \| First and second-generation satellites in service \| Space component
Property, Plant and Equipment [Line Items]
Total property and equipment	1,195,509	1,195,509
Global Star System \| Second-generation satellite, on-ground spare \| Space component
Property, Plant and Equipment [Line Items]
Total property and equipment	32,442	32,443
Global Star System \| Construction in Progress \| Space component
Property, Plant and Equipment [Line Items]
Total property and equipment	16,394	398
Global Star System \| Construction in Progress \| Ground component
Property, Plant and Equipment [Line Items]
Total property and equipment	33,998	19,327
Global Star System \| Construction in Progress \| Other
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 4,123	$ 2,900

PROPERTY AND EQUIPMENT - Narrative (Details) $ in Millions	12 Months Ended
PROPERTY AND EQUIPMENT - Narrative (Details) $ in Millions	Dec. 31, 2021 USD ($)
New Gateway Antennas
Property, Plant and Equipment [Line Items]
Assets placed into service	$ 15.1

PROPERTY AND EQUIPMENT - Capitalized Interest and Depreciation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest Costs Incurred [Abstract]
Interest cost eligible to be capitalized	$ 47,580	$ 50,721	$ 64,058
Interest cost recorded in interest income (expense), net	(43,325)	(48,064)	(62,255)
Net interest capitalized	4,255	2,657	1,803
Depreciation Expense	84,225	84,853	83,575
Amortization Expense	$ 12,012	$ 11,962	$ 12,197

PROPERTY AND EQUIPMENT - Geographic Location of Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 672,156	$ 715,909
United States
Property, Plant and Equipment [Line Items]
Total property and equipment	621,470	687,302
Central and South America
Property, Plant and Equipment [Line Items]
Total property and equipment	22,981	13,614
Canada
Property, Plant and Equipment [Line Items]
Total property and equipment	13,921	11,814
Africa
Property, Plant and Equipment [Line Items]
Total property and equipment	5,471	6
Europe
Property, Plant and Equipment [Line Items]
Total property and equipment	5,136	3,170
Asia
Property, Plant and Equipment [Line Items]
Total property and equipment	2,752	0
Other
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 425	$ 3

INTANGIBLE AND OTHER ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Intangible Assets Not Subject to Amortization	$ 24,906	$ 21,496
Intangible Assets Subject to Amortization:
Gross Carrying Amount	14,969	13,722
Accumulated Amortization	(8,889)	(7,698)
Net Carrying Amount	6,080	6,024
Gross Carrying Amount, finite and indefinite lived intangible assets	39,875	35,218
Total, finite and indefinite lived intangible assets	30,986	27,520
Developed technology
Intangible Assets Subject to Amortization:
Gross Carrying Amount	11,865	11,856
Accumulated Amortization	(7,949)	(7,016)
Net Carrying Amount	3,916	4,840
Regulatory authorizations
Intangible Assets Subject to Amortization:
Gross Carrying Amount	3,104	1,866
Accumulated Amortization	(940)	(682)
Net Carrying Amount	$ 2,164	$ 1,184

INTANGIBLE AND OTHER ASSETS - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of acquired intangible assets	$ 1.2
Intangible asset acquired	$ 1.3

INTANGIBLE AND OTHER ASSETS - Estimated Annual Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 1,265
2023	979
2024	729
2025	553
2026	505
Thereafter	2,049
Net Carrying Amount	$ 6,080	$ 6,024

INTANGIBLE AND OTHER ASSETS - Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Costs to obtain a contract	$ 1,725	$ 2,404
Long-term prepaid licenses and royalties	4,380	4,679
International tax receivables	577	619
Investments in businesses	240	1,589
Compound embedded derivative with the 2019 Facility Agreement	484	286
ERP software costs	919	64
Other long-term assets	1,725	1,068
Other assets	$ 10,050	$ 10,709

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS - Long-term Debt (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Apr. 30, 2020	Nov. 30, 2019	Dec. 31, 2013	May 31, 2013
Principal Amount
Total Debt	$ 265,219,000	$ 423,934,000
Less: Current Portion	0	58,824,000
Long-Term Debt	265,219,000	365,110,000
Unamortized Discount and Deferred Financing Costs
Total Debt	27,287,000	38,524,000
Less: Current Portion	0	0
Long-Term Debt	27,287,000	38,524,000
Carrying Value
Total Debt	237,932,000	385,410,000
Less: Current Portion	0	58,824,000
Long-Term Debt	237,932,000	326,586,000
2019 Facility Agreement
Principal Amount
Total Debt	263,812,000	230,597,000		$ 95,100,000
Unamortized Discount and Deferred Financing Costs
Total Debt	27,287,000	32,125,000
Carrying Value
Total Debt	236,525,000	198,472,000
Debt instrument, interest rate				13.00%
8.00% Convertible Senior Notes Issued in 2013
Principal Amount
Total Debt	1,407,000	1,376,000				$ 54,600,000
Unamortized Discount and Deferred Financing Costs
Total Debt	0	0
Carrying Value
Total Debt	$ 1,407,000	1,376,000
Debt instrument, interest rate	8.00%				8.00%	8.00%
2009 Facility Agreement
Principal Amount
Total Debt	$ 0	186,988,000
Unamortized Discount and Deferred Financing Costs
Total Debt	0	6,373,000
Carrying Value
Total Debt	0	180,615,000
Paycheck Protection Program Loan
Principal Amount
Total Debt	0	4,973,000	$ 5,000,000
Unamortized Discount and Deferred Financing Costs
Total Debt	0	26,000
Carrying Value
Total Debt	$ 0	$ 4,947,000

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS - 2019 Facility Agreement (Details) $ / shares in Units, shares in Millions	1 Months Ended		3 Months Ended	12 Months Ended		16 Months Ended
	Dec. 31, 2019 USD ($)	Nov. 30, 2019 USD ($) $ / shares shares	Mar. 31, 2021 USD ($) shares	Dec. 31, 2021 USD ($)	Dec. 31, 2019 shares	Mar. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Debt Instrument [Line Items]
Debt, principal amount				$ 265,219,000			$ 423,934,000
Warrants issued (in shares) \| shares		59.5
Warrant, strike price (in usd per share) \| $ / shares		$ 0.38
Issuance of stock to Thermo from exercise of warrants (in shares) \| shares			115.0		9.5
Proceeds from warrant exercises	$ 3,600,000		$ 43,700,000			$ 47,300,000
2019 Facility Agreement
Debt Instrument [Line Items]
Debt, principal amount		$ 95,100,000		263,812,000			$ 230,597,000
Debt instrument, interest rate		13.00%
Percentage of equity pledged as collateral		65.00%
Original issuance discount		0.03
Original issuance discount		$ 6,000,000
Unamortized debt discount		$ 4,000,000
Warrants issued (in shares) \| shares		124.5
Warrants debt discount		$ 15,800,000
Maximum capital expenditure year one				25,000,000
Maximum capital expenditures year two				15,000,000
Limit of capital expenditures per terms of agreement				20,000,000
Minimum liquidity		$ 3,600,000
Minimum debt service coverage ratio		0.90
Maximum net debt to adjusted consolidated EBITDA		2.75
Minimum interest coverage ratio		3.94
Maximum interest coverage ratio		4.73
Remaining borrowing capacity				$ 145,000,000

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS - Minimum EBITDA, Facility Agreement (Details) - 2019 Facility Agreement $ in Thousands	Dec. 31, 2021 USD ($)
1/1/21-6/30/21
Line of Credit Facility [Line Items]
Minimum adjusted consolidated EBITDA	$ 18,500
7/1/21-12/31/21
Line of Credit Facility [Line Items]
Minimum adjusted consolidated EBITDA	24,100
1/1/22-6/30/22
Line of Credit Facility [Line Items]
Minimum adjusted consolidated EBITDA	21,100
7/1/22-12/31/22
Line of Credit Facility [Line Items]
Minimum adjusted consolidated EBITDA	$ 27,100

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS -8.00% Convertible Senior Notes Issued in 2013 (Details) - USD ($) $ / shares in Units, shares in Millions	1 Months Ended	12 Months Ended			108 Months Ended
	Feb. 25, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2021	Dec. 31, 2013	May 31, 2013
Debt Instrument [Line Items]
Debt, principal amount		$ 265,219,000	$ 423,934,000		$ 265,219,000
Principal amount of Loan Agreement with Thermo converted into common stock		$ 0	137,366,000	$ 0
8.00% Convertible Senior Notes Issued in 2013
Debt Instrument [Line Items]
Debt instrument, interest rate		8.00%			8.00%	8.00%	8.00%
Debt, principal amount		$ 1,407,000	$ 1,376,000		$ 1,407,000		$ 54,600,000
Conversion price per share of common stock (USD per share)		$ 1.16			$ 1.16		$ 0.69
Interest rate, payable in cash							5.75%
Interest rate, payable in additional notes							2.25%
Principal amount of Loan Agreement with Thermo converted into common stock					$ 55,500,000
Shares issued upon debt conversion (in shares)					98.6
If-converted, value in excess of principal		$ 1,200,000
8.00% Convertible Senior Notes Issued in 2013 \| Forecast \| Subsequent Event
Debt Instrument [Line Items]
Redemption of long-term debt	$ 1,500,000

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS - 2009 Facility Agreement (Details) - USD ($)	1 Months Ended					3 Months Ended	12 Months Ended			16 Months Ended
	Dec. 31, 2021	Nov. 30, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2019	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Mar. 31, 2021
Debt Instrument [Line Items]
Proceeds from warrant exercises					$ 3,600,000	$ 43,700,000				$ 47,300,000
Increase from advance payment from customer			$ 37,500,000	$ 37,500,000
Write off of deferred financing costs							$ 0	$ 17,963,000	$ 0
Gain on extinguishment of debt							3,098,000	0	0
Premium refund from the 2009 Facility Agreement							2,569,000	$ 0	$ 0
2009 Facility Agreement
Debt Instrument [Line Items]
Payment related to line of credit covenant, excess cash flow							4,400,000
Amount of equity to be raised and put toward future principal payments							45,000,000
Write off of deferred financing costs							$ 4,300,000
Repayments of facility agreement		$ 60,300,000
Gain on extinguishment of debt		$ 1,300,000
Premium refund from the 2009 Facility Agreement	$ 2,600,000

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS - Payroll Protection Program Loan (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Apr. 30, 2020
Debt Instrument [Line Items]
Debt, principal amount		$ 265,219,000	$ 423,934,000
Gain on extinguishment of debt		3,098,000	0	$ 0
Paycheck Protection Program Loan
Debt Instrument [Line Items]
Debt, principal amount		$ 0	$ 4,973,000		$ 5,000,000
Gain on extinguishment of debt	$ 5,000,000

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS -Maturities of Long-term Debt (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Debt Disclosure [Abstract]
2022	$ 0
2023	1,407
2024	0
2025	263,812
2026	0
Thereafter	0
Total	$ 265,219

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS - Subsequent Events (Details)	Feb. 25, 2022
Subsequent Event
Subsequent Event [Line Items]
Purchase agreement interest rate	0.00%

DERIVATIVES (Schedule of Fair Value of Derivative Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Derivative liabilities:
Total derivative assets	$ 484	$ 286
Total derivative liabilities	(1,364)	(123)
2019 Facility Agreement
Derivative liabilities:
Total derivative assets	484	286
Compound embedded derivative with the 2013 8.00% Notes
Derivative liabilities:
Total derivative liabilities	$ (1,364)	$ (123)

DERIVATIVES (Additional Information) (Details)	Dec. 31, 2021	Dec. 31, 2013	May 31, 2013
8.00% Convertible Senior Notes Issued in 2013
Derivative [Line Items]
Debt instrument, interest rate	8.00%	8.00%	8.00%

DERIVATIVES (Schedule of Derivative Gains) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2013	May 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Derivative (loss) gain	$ (1,043)	$ 2,897	$ 145,073
Compound embedded derivative with the 2013 8.00% Notes
Derivative Instruments, Gain (Loss) [Line Items]
Derivative (loss) gain	(1,241)	399	235
Compound embedded derivative with the Loan Agreement with Thermo
Derivative Instruments, Gain (Loss) [Line Items]
Derivative (loss) gain	0	212	144,838
2019 Facility Agreement
Derivative Instruments, Gain (Loss) [Line Items]
Derivative (loss) gain	$ 198	$ 2,286	$ 0
8.00% Convertible Senior Notes Issued in 2013
Derivative Instruments, Gain (Loss) [Line Items]
Debt instrument, interest rate	8.00%			8.00%	8.00%

FAIR VALUE MEASUREMENTS (Financial Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2013	May 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	$ 484	$ 286
Total liabilities measured at fair value	(1,364)	(123)
2019 Facility Agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	484	286
Compound embedded derivative with the 2013 8.00% Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value	(1,364)	(123)
(Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Total liabilities measured at fair value	0	0
(Level 1) \| 2019 Facility Agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
(Level 1) \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value	0	0
(Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Total liabilities measured at fair value	0	0
(Level 2) \| 2019 Facility Agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
(Level 2) \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value	0	0
(Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	484	286
Total liabilities measured at fair value	(1,364)	(123)
(Level 3) \| 2019 Facility Agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	484	286
(Level 3) \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value	$ (1,364)	$ (123)
8.00% Convertible Senior Notes Issued in 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, interest rate	8.00%		8.00%	8.00%

FAIR VALUE MEASUREMENTS (Additional Information) (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2013	May 31, 2013
Fair Value Measurements [Line Items]
Increase in stock price			200.00%
Impairment			$ 242	$ 416	$ 1,124
Construction in Progress
Fair Value Measurements [Line Items]
Impairment	$ 200	$ 200
8.00% Convertible Senior Notes Issued in 2013
Fair Value Measurements [Line Items]
Debt instrument, interest rate			8.00%			8.00%	8.00%
2019 Facility Agreement \| Discount Rate
Fair Value Measurements [Line Items]
Derivative liability, measurement input		0.13	0.13	0.13

FAIR VALUE MEASUREMENTS (Schedule of Significant Quantitative Level 3 Inputs Utilized) (Details)	Dec. 31, 2021 $ / shares	Dec. 31, 2020 $ / shares	Feb. 19, 2020	Dec. 31, 2013	May 31, 2013
Risk-Free Interest Rate \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0.005	0.001
Note Conversion Price \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0.69	0.69
Discount Rate \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0.18	0.19
Market Price of Common Stock \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	1.16	0.34
8.00% Convertible Senior Notes Issued in 2013
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt instrument, interest rate	8.00%			8.00%	8.00%
Minimum \| Stock Price Volatility \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		1.20	0.40
Maximum \| Stock Price Volatility \| Compound embedded derivative with the 2013 8.00% Notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		1.39	0.85

FAIR VALUE MEASUREMENTS (Reconciliation of Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balances at beginning of period	$ (880)	$ 163	$ (3,792)
Derivative adjustment related to conversions	0	1,058
Unrealized (loss) gain, included in derivative (loss) gain	(1,043)	2,897
Balances at end of period	$ (880)	$ 163

FAIR VALUE MEASUREMENTS (Schedule of Fair Value and Carrying Value of Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2013	May 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value	$ 237,932	$ 385,410
8.00% Convertible Senior Notes Issued in 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value	$ 1,407	1,376
Debt instrument, interest rate	8.00%		8.00%	8.00%
Carrying Value \| 8.00% Convertible Senior Notes Issued in 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value	$ 1,407	1,376
Estimated Fair Value \| 8.00% Convertible Senior Notes Issued in 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	$ 1,265	$ 1,122

- Definition

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

COMMITMENTS AND CONTINGENCIES (Additional Information) (Details) $ in Millions		1 Months Ended	12 Months Ended
	Feb. 25, 2022 USD ($)	Feb. 25, 2022 USD ($) satellite	Dec. 31, 2021 USD ($)
Commitments [Line Items]
Purchase commitment			$ 17.3
Credit card processor reserve			$ 5.0
Subsequent Event
Commitments [Line Items]
Number of satellites acquired \| satellite		17
Purchase commitment	$ 327.0	$ 327.0
Manufacturing term of contract	3 years
Capital expenditure reimbursement		95.00%
Maximum
Commitments [Line Items]
Term of contract			1 year
Minimum
Commitments [Line Items]
Term of contract			2 years
MIL-SAT LLC
Commitments [Line Items]
Purchase commitment, remaining minimum amount committed			$ 6.8

ACCRUED EXPENSES AND OTHER NON-CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2013	May 31, 2013
Accrued expenses:
Accrued compensation and benefits	$ 4,687	$ 4,270
Accrued satellite and ground costs	6,195	69
Accrued property and other taxes	4,053	4,702
Accrued customer liabilities and deposits	5,354	6,551
Accrued professional and other service provider fees	2,094	2,705
Accrued commissions	601	1,722
Accrued telecommunications expenses	705	1,284
Accrued inventory and tariffs	1,474	2,294
Short-term lease liability	2,501	1,330
Other accrued expenses	1,283	989
Accrued expenses	28,947	25,916
Summary of activity in the warranty reserve account:
Balance at beginning of period	212	186	$ 153
Provision	361	543	525
Utilization	(411)	(517)	(492)
Balance at end of period	162	212	$ 186
Non-current liabilities:
Employee benefit obligation	3,289	3,650
Asset retirement obligations	2,461	1,629
Compound embedded derivative with the 2013 8.00% Notes	1,364	123
Deferred tax liability	296	755
Deferred payroll taxes under CARES Act	0	423
Foreign tax contingencies	474	633
Other	3	8
Total other non-current liabilities	$ 7,887	$ 7,221
8.00% Convertible Senior Notes Issued in 2013
Non-current liabilities:
Debt instrument, interest rate	8.00%			8.00%	8.00%

RELATED PARTY TRANSACTIONS (Additional Information) (Details) $ / shares in Units, shares in Millions	1 Months Ended	12 Months Ended
	Feb. 28, 2019 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Mar. 31, 2021 USD ($)	Nov. 30, 2019 USD ($) $ / shares shares
Related Party Transaction [Line Items]
Payables to affiliates		$ 444,000	$ 581,000
Annual rent expense, rate of increase	0.025
Operating lease, term of contract	10 years
Debt, principal amount		265,219,000	423,934,000
Warrants issued (in shares) \| shares					59.5
Warrant, strike price (in usd per share) \| $ / shares					$ 0.38
Warrants outstanding		$ 0		$ 50,000,000
Threshold ownership for Strategic Review Committee requirement		0.45
Transaction threshold for approval requirement		$ 250,000
2019 Facility Agreement
Related Party Transaction [Line Items]
Debt, principal amount		263,812,000	230,597,000		$ 95,100,000
Debt instrument, interest rate					13.00%
Accrued interest					$ 29,700,000
Accrued interest during period		$ 15,200,000
Warrants issued (in shares) \| shares					124.5
Thermo Capital Partners LLC
Related Party Transaction [Line Items]
Operating lease, annual base rental	$ 1,400,000
Operating lease, expense			$ 1,600,000

PENSIONS AND OTHER EMPLOYEE BENEFITS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Settlement	$ 0	$ 7,669
Loss on settlement		2,100	$ 500
Accumulated benefit obligation	9,100	9,200
Employer contributions	230	715
Expected future employer contributions	300
Contributions to employee benefits plan	$ 600	$ 600	$ 600
Maximum \| Other
Defined Benefit Plan Disclosure [Line Items]
Target allocation	15.00%
Maximum \| Equity securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation	60.00%
Maximum \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation	50.00%
Minimum \| Other
Defined Benefit Plan Disclosure [Line Items]
Target allocation	0.00%
Minimum \| Equity securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation	50.00%
Minimum \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation	25.00%

PENSIONS AND OTHER EMPLOYEE BENEFITS - Defined Benefit Pension Obligation and Funded Status (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Change in projected benefit obligation:
Projected benefit obligation, beginning of year	$ 9,179	$ 16,509
Service cost	174	176	$ 195
Interest cost	225	521	706
Actuarial (gain) loss	(45)	671
Settlement	0	(7,669)
Benefits paid	(482)	(1,029)
Projected benefit obligation, end of year	9,051	9,179	16,509
Change in fair value of plan assets:
Fair value of plan assets, beginning of year	5,529	12,381
Return on plan assets	485	1,131
Employer contributions	230	715
Settlement	0	(7,669)
Benefits paid	(482)	(1,029)
Fair value of plan assets, end of year	5,762	5,529	$ 12,381
Funded status, end of year-net liability	$ (3,289)	$ (3,650)

PENSIONS AND OTHER EMPLOYEE BENEFITS - Net Benefit Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net periodic benefit cost:
Service cost	$ 174	$ 176	$ 195
Interest cost	225	521	706
Expected return on plan assets	(309)	(793)	(794)
Amortization of unrecognized net actuarial loss	189	300	404
Settlement	0	2,075	455
Total net periodic benefit cost	$ 279	$ 2,279	$ 966

PENSIONS AND OTHER EMPLOYEE BENEFITS - Amounts Recognized (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Funded status recognized in other non-current liabilities	$ (3,289)	$ (3,650)
Net actuarial loss recognized in accumulated other comprehensive loss	2,073	2,483
Net amount recognized in retained deficit	$ (1,216)	$ (1,167)

PENSIONS AND OTHER EMPLOYEE BENEFITS - Assumptions (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Benefit obligation assumptions:
Discount rate	2.84%	2.50%	3.28%
Net periodic benefit cost assumptions:
Discount rate	2.50%	3.28%	4.25%
Expected rate of return on plan assets	5.75%	6.50%	6.50%

PENSIONS AND OTHER EMPLOYEE BENEFITS - Schedule of Plan's Asset Allocations (Details)	Dec. 31, 2021	Dec. 31, 2020
Plan Assets and Investment Policies and Strategies
Asset allocations	100.00%	100.00%
Equity securities
Plan Assets and Investment Policies and Strategies
Asset allocations	55.00%	55.00%
Fixed income securities
Plan Assets and Investment Policies and Strategies
Asset allocations	45.00%	45.00%

PENSIONS AND OTHER EMPLOYEE BENEFITS - Schedule of Fair Value of Pension Plan Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 5,762	$ 5,529	$ 12,381
Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	5,762	5,529
Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,542	2,426
United States equity securities \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States equity securities \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,542	2,426
United States equity securities \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
International equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	631	619
International equity securities \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
International equity securities \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	631	619
International equity securities \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,693	1,553
Fixed income securities \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fixed income securities \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,693	1,553
Fixed income securities \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	896	931
Other \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Other \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	896	931
Other \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0	$ 0

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References + Details

PENSIONS AND OTHER EMPLOYEE BENEFITS - Accumulated Benefit Obligation and Benefits Payments and Contributions (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Accumulated benefit obligation	$ 9,100	$ 9,200
Benefit payments expected to be paid during the following fiscal years:
2022	522
2023	516
2024	526
2025	542
2026	558
2027 - 2031	$ 2,657

TAXES (Components of Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current:
Federal tax	$ 0	$ 0	$ 0
State tax	153	54	56
Foreign tax	7	248	94
Total	160	302	150
Deferred:
Federal and state tax	(459)	360	395
Foreign tax	0	0	0
Total	(459)	360	395
Income tax (benefit) expense	$ (299)	$ 662	$ 545

TAXES (Schedule of U.S. and Foreign Components of Income (Loss) Before Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
U.S. (loss) income	$ (79,452)	$ (82,740)	$ 47,545
Foreign loss	(33,472)	(26,237)	(31,676)
(Loss) income before income taxes	$ (112,924)	$ (108,977)	$ 15,869

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123384075&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

TAXES (Additional Information) (Details) - USD ($)	12 Months Ended
TAXES (Additional Information) (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Line Items]
Change in valuation allowance	$ (13,500,000)
Deferred tax liabilities	296,000	$ 755,000
Unrecognized tax benefits	0	0
Undistributed earnings of the Company's foreign subsidiaries	2,500,000
Value added tax receivable, current	5,600,000	$ 2,300,000
U.S.
Income Tax Disclosure [Line Items]
Net operating loss carryforwards	1,800,000,000
State
Income Tax Disclosure [Line Items]
Net operating loss carryforwards	1,100,000,000
Foreign
Income Tax Disclosure [Line Items]
Net operating loss carryforwards	$ 200,000,000
Prior to 2026
Income Tax Disclosure [Line Items]
Net operating loss carryforwards, percent expiring	1.00%

TAXES (Schedule of Components of Net Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Federal and foreign NOL and credit carryforwards	$ 498,882	$ 507,105
Property and equipment and other long-term assets	(114,722)	(133,086)
Reserves and disallowed interest	10,195	6,349
Deferred tax assets before valuation allowance	394,355	380,368
Valuation allowance	(394,651)	(381,123)
Net deferred income tax liability	$ (296)	$ (755)

TAXES (Schedule of Actual Provision for Income Taxes to Statutory U.S. Federal Income Tax Rate) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Provision at U.S. statutory rate of 21%	$ (23,714)	$ (22,885)	$ 3,333
State income taxes, net of federal benefit	(867)	(1,386)	1,055
Change in valuation allowance (excluding impact of foreign exchange rates)	15,991	61,540	(89,998)
Effect of foreign income tax at various rates	176	(53)	(84)
Permanent differences	4,993	5,809	7,942
Net change in permanent items due to provision to tax return	(569)	1,914	2,475
Adjustment to reserved deferred assets	1,969	(48,485)	62,085
Adjustment to state deferred rate	775	4,200	13,639
Other	947	8	98
Income tax (benefit) expense	$ (299)	$ 662	$ 545

(LOSS) EARNINGS PER SHARE - Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2013	May 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net (loss) income	$ (112,625)	$ (109,639)	$ 15,324
Effect of dilutive securities:
Loss to common stockholders plus assumed conversions	$ (112,625)	$ (109,639)	$ (110,683)
Weighted average common shares outstanding:
Basic shares outstanding (in shares)	1,765,139	1,642,359	1,450,768
Incremental shares from assumed exercises, conversions and other issuance of:
Stock options, restricted stock, restricted stock units and ESPP (in shares)	0	0	4,743
Warrants and other (in shares)	0	0	1,831
Diluted shares outstanding (in shares)	1,765,139	1,642,359	1,655,191
Earnings Per Share, Basic and Diluted [Abstract]
Basic (USD per share)	$ (0.06)	$ (0.07)	$ 0.01
Diluted (USD per share)	$ (0.06)	$ (0.07)	$ (0.07)
8.00% Convertible Senior Notes Issued in 2013
Effect of dilutive securities:
Dilutive securities	$ 0	$ 0	$ (127)
Incremental shares from assumed exercises, conversions and other issuance of:
Conversion of debt securities (in shares)	0	0	2,044
Earnings Per Share, Basic and Diluted [Abstract]
Debt instrument, interest rate	8.00%			8.00%	8.00%
Loan Agreement with Thermo
Effect of dilutive securities:
Dilutive securities	$ 0	$ 0	$ (125,880)
Incremental shares from assumed exercises, conversions and other issuance of:
Conversion of debt securities (in shares)	0	0	195,805

(LOSS) EARNINGS PER SHARE (Narrative) (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from computation and reporting of earnings per share (in shares)	10.1	4.2
2019 Facility Agreement
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Warrants outstanding (in shares)		115.0

STOCK COMPENSATION (Additional Information) (Details)	1 Months Ended	12 Months Ended
STOCK COMPENSATION (Additional Information) (Details)	Feb. 25, 2022 shares	Dec. 31, 2021 USD ($) offeringPeriod shares	Dec. 31, 2020 USD ($) shares	Dec. 31, 2019 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares authorized for issuance (in shares) \| shares		21,400,000	26,700,000
Vesting period		3 years
Options, exercised, intrinsic value		$ 700,000	$ 0	$ 100,000
Proceeds from stock options exercised (less than)		200,000
Accrued bonuses		1,600,000
Proceeds from stock plans		$ 600,000	$ 600,000
Issuance of stock through employee stock purchase plan (in shares) \| shares		12,000,000
Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares authorized (in shares) \| shares	6,000,000
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period		10 years
Expected dividend yield		0.00%	0.00%	0.00%
Options, outstanding, intrinsic value		$ 2,300,000
Weighted average remaining contractual term		6 years
Vested and expected to vest, outstanding, aggregate intrinsic value		$ 1,400,000
Weighted average remaining contractual term		5 years 8 months 12 days
Allocated share-based compensation expense		$ 300,000	$ 300,000	$ 300,000
Unrecognized compensation cost related to non-vested stock options		$ 200,000
Unrecognized compensation cost, recognition period		1 year 6 months
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		1 year
Allocated share-based compensation expense		$ 5,600,000	$ 4,500,000	4,300,000
Unrecognized compensation cost, recognition period		1 year 8 months 12 days
Performance-based restricted stock included in nonvested balance (in shares) \| shares		10,697,527	7,735,608
Fair value of restricted stock awards vested in period		$ 8,600,000	$ 3,300,000	4,100,000
Unrecognized compensation cost related to unvested restricted shares		$ 7,700,000
Restricted Stock \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Performance Based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-based restricted stock included in nonvested balance (in shares) \| shares		5,800,000
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares authorized for issuance (in shares) \| shares		14,000,000.0
Allocated share-based compensation expense		$ 400,000	$ 400,000	$ 500,000
Number of purchase periods \| offeringPeriod		2
Maximum employee subscription rate		15.00%
Maximum amount per employee		$ 25,000
Maximum number of shares per employee (in shares) \| shares		500,000
Purchase price of common stock		85.00%

STOCK COMPENSATION (Fair Value Assumptions) (Details) - Employee Stock Option - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	0.40%	1.70%	2.50%
Expected term of options	5 years	5 years	5 years
Volatility	62.00%	72.00%	63.00%
Weighted average grant-date fair value per share (USD per share)	$ 0.17	$ 0.32	$ 0.29

STOCK COMPENSATION (Summary of Stock Option Activity) (Details) - Employee Stock Option	12 Months Ended
	Dec. 31, 2021 $ / shares shares
Shares
Outstanding, beginning balance (in shares) \| shares	7,984,168
Granted (in shares) \| shares	700,000
Exercised (in shares) \| shares	(478,800)
Forfeited or expired (in shares) \| shares	(281,100)
Outstanding, ending balance (in shares) \| shares	7,924,268
Exercisable at period end (in shares) \| shares	6,620,099
Weighted Average Exercise Price
Outstanding, beginning (USD per share) \| $ / shares	$ 1.35
Granted (in USD per share) \| $ / shares	0.34
Exercised (USD per share) \| $ / shares	0.50
Forfeited or expired (USD per share) \| $ / shares	1.66
Outstanding, ending (USD per share) \| $ / shares	1.30
Exercisable at period end (in USD per share) \| $ / shares	$ 1.44

STOCK COMPENSATION (Restricted Stock) (Details) - Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Shares
Nonvested, beginning balance (in shares)	7,735,608
Granted (in shares)	9,351,298
Vested (in shares)	(6,207,504)
Forfeited (in shares)	(181,875)
Nonvested, ending balance (in shares)	10,697,527	7,735,608
Weighted Average Grant Date Fair Value (USD per share)
Nonvested, beginning (USD per share)	$ 0.46
Granted (USD per share)	1.23	$ 0.36	$ 0.46
Vested (USD per share)	0.68
Forfeited (USD per share)	0.53
Nonvested, ending (USD per share)		$ 0.46

STOCK COMPENSATION (Employee Stock Purchase Plan) (Details) - Employee Stock Purchase Plan - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Assumptions used to value employees' stock purchase rights:
Risk-free interest rate	0.10%	0.90%
Expected term of options	6 years	6 months
Volatility	110.00%	123.00%
Weighted average grant-date fair value per share (USD per share)	$ 0.23	$ 0.18

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated minimum pension liability adjustment	$ (2,073)	$ (2,483)
Accumulated net foreign currency translation adjustment	3,963	(461)
Total accumulated other comprehensive income (loss)	$ 1,890	$ (2,944)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

ACCUMULATED OTHER COMPREHENSIVE LOSS - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Loss on settlement		$ 2,100,000	$ 500,000
Reclassification out of accumulated other comprehensive income	$ 0	$ 0