0000950170-24-054469 | 10-Q | XBRL Viewer

Composition of Certain Balance Sheet Accounts (Tables)

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Inventories as of March 31, 2024 and December 31, 2023 were as follows (in thousands):


	March 31,		December 31,
	2024		2023
Work-in-process component parts	$	34,687	$	34,692
Finished goods		34,611		28,495
Total inventory(1)	$	69,298	$	63,187

(1) See Note 4, “Government Assistance,” for additional information.

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets as of March 31, 2024 and December 31, 2023 were as follows (in thousands):


	March 31,		December 31,
	2024		2023
Interest rate caps and receivable	$	21,469	$	23,227
FCC reimbursement receivable(1)		15,197		18,274
Contract assets(1)		6,694		6,939
Prepaid inventories		2,543		2,606
Other		17,879		13,092
Total prepaid expenses and other current assets	$	63,782	$	64,138

(1) See Note 4, “Government Assistance,” for additional information.

Schedule of Property and Equipment

Property and equipment as of March 31, 2024 and December 31, 2023 were as follows (in thousands):


	March 31,			December 31,
	2024			2023
Office equipment, furniture, fixtures and other	$	19,788		$	19,153
Leasehold improvements		16,187			16,132
Network equipment(1)		184,705			184,176
		220,680			219,461
Accumulated depreciation		(124,638	)		(121,332	)
Total property and equipment, net	$	96,042		$	98,129

(1) See Note 4, “Government Assistance,” for additional information.

Schedule of Other Non-Current Assets

Other non-current assets as of March 31, 2024 and December 31, 2023 were as follows (in thousands):


	March 31,		December 31,
	2024		2023
Interest rate caps	$	10,239	$	10,295
Contract assets, net of allowances of $614 and $591, respectively(1)		9,840		9,625
Revolving credit facility deferred financing costs		903		1,011
Other		4,595		5,048
Total other non-current assets	$	25,577	$	25,979

(1) See Note 4, “Government Assistance,” for additional information.

Schedule of Accrued Liabilities

Accrued liabilities as of March 31, 2024 and December 31, 2023 were as follows (in thousands):


	March 31,		December 31,
	2024		2023
Operating leases	$	10,679	$	10,284
Employee compensation and benefits		7,377		10,386
Customer credit reserve		6,847		6,027
Network equipment		4,613		4,533
Warranty reserve		3,470		3,420
Gogo Galileo development costs		4,323		2,432
Taxes		2,662		2,170
Accrued interest		467		469
Other		7,205		7,928
Total accrued liabilities	$	47,643	$	47,649

Composition of Certain Balance Sheet Accounts

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Composition of Certain Balance Sheet Accounts

Inventories consist primarily of telecommunications systems and parts and are recorded at the lower of average cost or net realizable value. We evaluate the need for write-downs associated with obsolete, slow-moving and nonsalable inventory by reviewing net realizable inventory values on a periodic basis.

Inventories as of March 31, 2024 and December 31, 2023 were as follows (in thousands):


	March 31,		December 31,
	2024		2023
Work-in-process component parts	$	34,687	$	34,692
Finished goods		34,611		28,495
Total inventory(1)	$	69,298	$	63,187

(1) See Note 4, “Government Assistance,” for additional information.

Prepaid expenses and other current assets as of March 31, 2024 and December 31, 2023 were as follows (in thousands):


	March 31,		December 31,
	2024		2023
Interest rate caps and receivable	$	21,469	$	23,227
FCC reimbursement receivable(1)		15,197		18,274
Contract assets(1)		6,694		6,939
Prepaid inventories		2,543		2,606
Other		17,879		13,092
Total prepaid expenses and other current assets	$	63,782	$	64,138

(1) See Note 4, “Government Assistance,” for additional information.

Property and equipment as of March 31, 2024 and December 31, 2023 were as follows (in thousands):


	March 31,			December 31,
	2024			2023
Office equipment, furniture, fixtures and other	$	19,788		$	19,153
Leasehold improvements		16,187			16,132
Network equipment(1)		184,705			184,176
		220,680			219,461
Accumulated depreciation		(124,638	)		(121,332	)
Total property and equipment, net	$	96,042		$	98,129

(1) See Note 4, “Government Assistance,” for additional information.

Other non-current assets as of March 31, 2024 and December 31, 2023 were as follows (in thousands):


	March 31,		December 31,
	2024		2023
Interest rate caps	$	10,239	$	10,295
Contract assets, net of allowances of $614 and $591, respectively(1)		9,840		9,625
Revolving credit facility deferred financing costs		903		1,011
Other		4,595		5,048
Total other non-current assets	$	25,577	$	25,979

(1) See Note 4, “Government Assistance,” for additional information.

Accrued liabilities as of March 31, 2024 and December 31, 2023 were as follows (in thousands):


	March 31,		December 31,
	2024		2023
Operating leases	$	10,679	$	10,284
Employee compensation and benefits		7,377		10,386
Customer credit reserve		6,847		6,027
Network equipment		4,613		4,533
Warranty reserve		3,470		3,420
Gogo Galileo development costs		4,323		2,432
Taxes		2,662		2,170
Accrued interest		467		469
Other		7,205		7,928
Total accrued liabilities	$	47,643	$	47,649

Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Lease Expense Included in Unaudited Condensed Consolidated Statements of Operations

The following is a summary of our lease expense included in the Unaudited Condensed Consolidated Statements of Operations (in thousands):


	For the Three Months Ended March 31,
	2024		2023
Operating lease cost	$	4,088	$	3,938
Financing lease cost:
Amortization of leased assets		14		39
Interest on lease liabilities		4		5
Total lease cost	$	4,106	$	3,982

Schedule of Other Information Regarding Leases

Other information regarding our leases is as follows (in thousands, except lease terms and discount rates):


	For the Three Months Ended March 31,
	2024			2023
Supplemental cash flow information
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows used in operating leases	$	4,195		$	3,969
Operating cash flows used in financing leases	$	4		$	5
Financing cash flows used in financing leases	$	3		$	57
Non-cash items:
Operating leases obtained	$	2,122		$	718
Financing leases obtained	$	170		$	—
Weighted average remaining lease term
Operating leases	7 years			8 years
Financing leases	3 years			1 year
Weighted average discount rate
Operating leases		6.8	%		6.7	%
Financing leases		9.0	%		16.6	%

Schedule of Annual Future Minimum Lease Payments

Annual future minimum lease payments as of March 31, 2024 (in thousands):


Years ending December 31,	Operating Leases			Financing Leases
2024 (period from April 1 to December 31)	$	11,646		$	58
2025		16,505			62
2026		16,069			60
2027		14,513			15
2028		12,869			—
Thereafter		31,135			—
Total future minimum lease payments		102,737			195
Less: Amount representing interest		(20,274	)		(22	)
Present value of net minimum lease payments	$	82,463		$	173
Reported as of March 31, 2024
Accrued liabilities	$	10,679		$	62
Non-current operating lease liabilities		71,784			—
Other non-current liabilities		—			111
Total lease liabilities	$	82,463		$	173

Income Tax - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	26.40%	17.70%
Federal statutory rate	21.00%	21.00%
Interest or penalties related to uncertain tax positions	$ 0	$ 0
Liabilities for interest and potential penalties	$ 0		$ 0

Leases - Additional Information (Details)	3 Months Ended
Leases - Additional Information (Details)	Mar. 31, 2024
Leases [Abstract]
Lessee operating lease option to extend	15 years

Fair Value of Financial Assets and Liabilities

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value of Financial Assets and Liabilities

11.

Fair Value of Financial Assets and Liabilities

A three-tier fair value hierarchy has been established which prioritizes the inputs used in measuring fair value. These tiers include:

•

Level 1 - defined as observable inputs such as quoted prices for identical assets or liabilities in active markets;

•

Level 2 - defined as observable inputs other than Level 1 inputs such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and

•

Level 3 - defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

Refer to Note 9, “Derivative Instruments and Hedging Activities,” for fair value information relating to our interest rate caps.

Investment in Convertible Note:

On February 26, 2024, Gogo invested $5 million in a convertible note offering (“Investment in Convertible Note”). The Investment in Convertible Note accrues interest at 5% per annum, payable upon maturity of the note or upon conversion, and matures two years after the date of issuance. We have elected to measure our Investment in Convertible Note using the fair value option and record changes in fair value, including accrued interest, in Other (income) expense, net on the Unaudited Condensed Consolidated Statements of Operations. The Company elected the fair value option for the Investment in Convertible Note to eliminate complexities of applying certain accounting models.

The fair value of the Investment in Convertible Note is measured using Level 3 (unobservable) inputs. The Company, with the assistance of a third-party valuation specialist, determined the fair value using a binomial lattice model. The significant assumptions used in the model include the yield, equity volatility, outstanding principal, remaining term, stated interest rate, risk-free interest rate

and the current publicly available stock price. The yield is estimated using similar security yields for companies with similar credit ratings. Equity volatility is estimated based on observed equity volatility for similar companies. The outstanding principal, remaining term and stated interest rate are all determined based on contractually defined terms and the risk-free interest rate is determined by reference to the U.S. Treasury yield curve in effect at the time of measurement for time periods approximately equal to the remaining time to maturity. Subsequent to March 31, 2024, the Company observed a significant decrease in the publicly available stock price of the issuer. Should the decrease be sustained, the fair value of the Investment in Convertible Note could be materially and negatively impacted.

The reconciliation of beginning and ending balances of the Investment in Convertible Note as of March 31, 2024 were as follows (in thousands):


	For the Three Months Ended March 31,
	2024
Balance at beginning of period	$	—
Investment		5,000
Change in fair value		13,132
Balance at end of period	$	18,132

Long-Term Debt:

As of March 31, 2024 and December 31, 2023, our only financial asset and liability disclosed but not measured at fair value is the Term Loan Facility, which is reflected on the Unaudited Condensed Consolidated Balance Sheets at cost. The fair value measurement is classified as Level 2 within the fair value hierarchy since it is based on quoted market prices of our instrument in markets that are not active. We estimated the fair value of the Term Loan Facility by calculating the upfront cash payment a market participant would require to assume this obligation. The upfront cash payment used in the calculation of fair value on our March 31, 2024 Unaudited Condensed Consolidated Balance Sheets, excluding any issuance costs, is the amount that a market participant would be willing to lend at such date to an entity with a credit rating similar to ours and that would allow such an entity to achieve sufficient cash inflows to cover the scheduled cash outflows under the Term Loan Facility.

The fair value and carrying value of long-term debt as of March 31, 2024 and December 31, 2023 were as follows (in thousands):


	March 31, 2024					December 31, 2023
	Fair Value (1)		Carrying Value			Fair Value (1)		Carrying Value
Term Loan Facility	$	605,000	$	603,085	(2)	$	610,000	$	604,797	(2)

(1)

Fair value amounts are rounded to the nearest million.

(2)

Carrying value of the Term Loan Facility reflects the unaccreted debt discount of $2.0 million and $2.1 million as of March 31, 2024 and December 31, 2023, respectively. See Note 8, “Long-Term Debt and Other Liabilities,” for further information.

- 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

Government Assistance (Tables)

3 Months Ended

Mar. 31, 2024

Government Assistance [Abstract]

Schedule of Deductions to Carrying Value of Asset Balances

The following are the deductions to the carrying value of asset balances in our Unaudited Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 (in thousands):


	As of March 31,			As of December 31,
	2024			2023
Assets:
Inventories	$	(6,240	)	$	(4,970	)
Prepaids expenses and other current assets		(2,042	)		(1,542	)
Property and equipment, net		(3,690	)		(2,094	)
Intangible assets, net		(651	)		(58	)
Other non-current assets		(7,105	)		(5,542	)

Schedule of Increases to Net Income

The following are the increases to Net income in our Unaudited Condensed Consolidated Statements of Operations for the three-month period ended March 31, 2024 (in thousands):


	For the Three Months Ended March 31,
	2024
Revenue:
Service revenue	$	687
Operating expenses:
Cost of service revenue		112
Cost of equipment revenue		2,284
General and administrative		181

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income from continuing operations	$ 30,490	$ 20,449
Dilutive securities, effect on basic earnings per share, options and restrictive stock units	$ 3,169	$ 4,466
Weighted average shares outstanding basic	129,272	129,136
Weighted average shares outstanding diluted	132,441	133,602
Total weighted average diluted shares outstanding	132,441	133,602
Net income Per Share Diluted	$ 0.23	$ 0.15
Net income Per Share Basic	$ 0.24	$ 0.16

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

- Definition

Amount after tax of income (loss) from continuing operations attributable to the parent.

+ References

+ Details

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowances on accounts receivable	$ 1,855	$ 2,091
Other non-current assets, net of allowances	$ 614	$ 591
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	138,253,311	137,632,284
Common stock, shares outstanding	128,227,127	128,462,343

Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2024

AOCI Attributable to Parent [Abstract]

Accumulated Other Comprehensive Income (Loss)

16.

Accumulated Other Comprehensive Income (Loss)

The following is a summary of changes in accumulated other comprehensive income (loss) by component (in thousands):


				Change in
	Currency			Fair Value of
	Translation			Cash Flow
	Adjustment			Hedges			Total
Balance at January 1, 2024	$	(934	)	$	16,730		$	15,796
Other comprehensive income (loss) before reclassifications		(155	)		3,553			3,398
Less: income realized and reclassified to earnings		—			4,228			4,228
Net current period comprehensive income (loss)		(155	)		(675	)		(830	)
Balance at March 31, 2024	$	(1,089	)	$	16,055		$	14,966


				Change in
	Currency			Fair Value of
	Translation			Cash Flow
	Adjustment			Hedges			Total
Balance at January 1, 2023	$	(1,225	)	$	31,353		$	30,128
Other comprehensive income (loss) before reclassifications		75			(2,439	)		(2,364	)
Less: income realized and reclassified to earnings		—			4,721			4,721
Net current period comprehensive income (loss)		75			(7,160	)		(7,085	)
Balance at March 31, 2023	$	(1,150	)	$	24,193		$	23,043

Revenue Recognition

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Remaining performance obligations

As of March 31, 2024, the aggregate amount of the transaction price in our contracts allocated to the remaining unsatisfied performance obligations (“RPO”) was approximately $292 million and excludes consideration from contracts that have an original duration of one year or less. Approximately $276 million of the RPO primarily represents connectivity and entertainment service revenues which are recognized as services are provided, which is expected to occur through the remaining term of the contracts. Our contracts vary in length and generally have terms of two to ten years. We expect to recognize approximately 20% of our connectivity and entertainment service RPO within the next year, approximately 45% in one to five years and the remaining 35% in five to ten years. The remaining $16 million of the RPO represents future equipment revenue that is expected to be recognized primarily within the next three years as equipment is shipped.

Disaggregation of revenue

The following table presents our revenue disaggregated by category (in thousands):


	For the Three Months Ended March 31,
	2024		2023
Service revenue
Connectivity	$	80,358	$	77,246
Entertainment and other		1,315		1,253
Total service revenue	$	81,673	$	78,499
Equipment revenue
ATG	$	19,347	$	15,556
Narrowband satellite		1,694		2,651
Other		1,608		1,891
Total equipment revenue	$	22,649	$	20,098
Customer type
Aircraft owner/operator/service provider	$	81,673	$	78,499
OEM and aftermarket dealer		22,649		20,098
Total revenue	$	104,322	$	98,597

Contract balances

Our current and non-current contract asset balances totaled $16.5 million and $16.6 million as of March 31, 2024 and December 31, 2023, respectively. Contract assets represent the aggregate amount of revenue recognized in excess of billings and recoverable contract costs primarily for certain sales programs.

Our current and non-current deferred revenue balances totaled $2.2 million and $1.0 million as of March 31, 2024 and December 31, 2023, respectively. Deferred revenue includes, among other things, prepayments for equipment and subscription connectivity products.

- 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
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Fair Value of Financial Assets and Liabilities - Schedule of Reconciliation of Investment in Convertible Note (Details) - Convertible Note [Member] - USD ($) $ in Thousands		3 Months Ended
	Feb. 26, 2024	Mar. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Balance at beginning of period		$ 0
Investment	$ 5	5,000
Change in fair value		13,132
Balance at end of period		$ 18,132

Income Tax

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Income Tax

13.

Income Tax

The effective income tax rates for the three-month periods ended March 31, 2024 and 2023 were 26.4% and 17.7%, respectively. For the three-month period ended March 31, 2024, our effective income tax rate was higher than the U.S. federal statutory rate of 21% primarily due to state income taxes, nondeductible officer’s compensation, and stock-based compensation, partially offset by tax benefits related to domestic research and development tax credits. For the three-month period ended March 31, 2023, our effective income tax rate was lower than the U.S. federal statutory rate of 21% primarily due to a partial release of the valuation allowance on certain of our deferred income tax assets, tax benefits related to domestic research and development tax credits and stock-based compensation, partially offset by state income taxes.

We regularly assess the need for a valuation allowance related to our deferred income tax assets to determine, based on the weight of all available positive and negative evidence, whether it is more likely than not that some or all of such deferred assets will not be realized. In our assessments, the Company considers recent financial operating results, the scheduled expiration of our net operating losses, future taxable income, the reversal of existing taxable differences, and tax planning strategies. The remaining valuation allowance is still required for deferred tax assets related to certain state credits, foreign net operating losses and capital loss carryforwards as it is more likely than not as of March 31, 2024 that these deferred tax assets will not be realized.

We are subject to taxation and file income tax returns in the United States federal jurisdiction and many states and Canada. With few exceptions, as of March 31, 2024 we are no longer subject to U.S. federal, state, local or foreign examinations by tax authorities for years before 2020.

We record penalties and interest relating to uncertain tax positions in the income tax provision line item in the Unaudited Condensed Consolidated Statements of Operations. No penalties or interest related to uncertain tax positions were recorded for the three-month periods ended March 31, 2024 and 2023. As of March 31, 2024 and December 31, 2023, we did not have a liability recorded for interest or potential penalties.

- 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
-Topic 946
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets, Other than Goodwill

Our intangible assets, other than goodwill, as of March 31, 2024 and December 31, 2023 were as follows (in thousands, except for weighted average remaining useful life):


		As of March 31, 2024			As of December 31, 2023
	Weighted Average Remaining Useful Life (in years)	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount
Amortized intangible assets:
Software	7.3	$70,503	$(46,097)	$24,406	$68,155	$(45,910)	$22,245
Other intangible assets	8.0	561	—	561	499	—	499
Service customer relationships		8,081	(8,081)	—	8,081	(8,081)	—
OEM and dealer relationships		6,724	(6,724)	—	6,724	(6,724)	—
Total amortized intangible assets		85,869	(60,902)	24,967	83,459	(60,715)	22,744
Unamortized intangible assets:
FCC Licenses		32,283	—	32,283	32,283	—	32,283
Total intangible assets		$118,152	$(60,902)	$57,250	$115,742	$(60,715)	$55,027

Summary of Amortization Expenses

Amortization expense for the remainder of 2024, each of the next four years and thereafter is estimated to be as follows (in thousands):


		Amortization
Years ending December 31,		Expense
2024 (period from April 1 to December 31)		$835
2025		$3,523
2026		$3,540
2027		$3,367
2028		$3,174
Thereafter		$10,528

Intangible Assets - Schedule of Intangible Assets, Other than Goodwill (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Intangible Assets Net Excluding Goodwill [Line Items]
Total amortized intangible assets, Gross Carrying Amount	$ 85,869	$ 83,459
Total amortized intangible assets, Accumulated Amortization	(60,902)	(60,715)
Total amortized intangible assets, Net Carrying Amount	24,967	22,744
Total intangible assets, Gross Carrying amount	118,152	115,742
Total intangible assets, Net Carrying Amount	$ 57,250	55,027
Software [Member]
Intangible Assets Net Excluding Goodwill [Line Items]
Weighted Average Remaining Useful Life (in years)	7 years 3 months 18 days
Total amortized intangible assets, Gross Carrying Amount	$ 70,503	68,155
Total amortized intangible assets, Accumulated Amortization	(46,097)	(45,910)
Total amortized intangible assets, Net Carrying Amount	$ 24,406	22,245
Other Intangible Assets [Member]
Intangible Assets Net Excluding Goodwill [Line Items]
Weighted Average Remaining Useful Life (in years)	8 years
Total amortized intangible assets, Gross Carrying Amount	$ 561	499
Total amortized intangible assets, Net Carrying Amount	561	499
Service Customer Relationships [Member]
Intangible Assets Net Excluding Goodwill [Line Items]
Total amortized intangible assets, Gross Carrying Amount	8,081	8,081
Total amortized intangible assets, Accumulated Amortization	(8,081)	(8,081)
OEM and Dealer Relationships [Member]
Intangible Assets Net Excluding Goodwill [Line Items]
Total amortized intangible assets, Gross Carrying Amount	6,724	6,724
Total amortized intangible assets, Accumulated Amortization	(6,724)	(6,724)
FCC Licenses [Member]
Intangible Assets Net Excluding Goodwill [Line Items]
Total unamortized intangible assets, Gross Carrying Amount	32,283	32,283
Total unamortized intangible assets, Net Carrying Amount	$ 32,283	$ 32,283

Basis of Presentation

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Basis of Presentation

The Business – Gogo Inc. (“Gogo,” the “Company,” “we,” “us,” or “our”) is the world’s largest provider of broadband connectivity services for the business aviation market. We have served this market for more than 25 years. Our mission is to enrich the lives of passengers and the efficiency of operators with the world’s best business aviation in-flight connectivity and customer support. We have always sought to provide the best connectivity for the business aviation market regardless of technology, and we have a successful history of doing so. Until recently, we focused primarily on business aviation aircraft in North America, which comprise approximately 63% of the worldwide business aviation fleet, and we are the leading provider of in-flight connectivity in that market. Gogo started in analogue air-to-ground (“ATG”) technology in the late 1990s, then, as analogue cellular backhaul disappeared, migrated to narrowband satellite connectivity in the early 2000s, then back to ATG with our digital broadband 3G and 4G networks beginning in 2010. We are currently developing our fourth ATG network – Gogo 5G – that we expect to commercially launch a few months later than the previously stated fourth quarter 2024 launch date, and we are working with our vendors to finalize the schedule. Simultaneous with the development of Gogo 5G, we are actively working with a subset of AVANCE customers and customers utilizing our legacy Gogo Biz ATG airborne system operating on our ground 3G and 4G networks to upgrade to an AVANCE system compatible with a new LTE network. We anticipate this subset of customers will see improved performance because of this network transition, which is expected to occur in early 2026. The cost for the transition to the new LTE network is partially being reimbursed through our participation in the Federal Communications Commission (“FCC”) Secure and Trusted Communications Networks Reimbursement Program (the “FCC Reimbursement Program”).

We also continue to provide narrowband satellite services to customers in North America and internationally through distribution agreements with satellite providers. In May 2022, in order to further serve our existing customers and expand our target market, we announced plans to expand our broadband offerings beyond ATG by launching the first global broadband service designed for business aviation (“Gogo Galileo”). The service will use an electronically steered antenna, specifically designed to address a broad range of business aviation aircraft, operating on a low earth orbit (“LEO”) satellite network and is targeted for commercial launch in the fourth quarter of 2024. We believe that Gogo Galileo, in combination with, or as an alternative to, our ATG systems will allow us to increase our penetration of the North American heavy jet market and provide an upgrade path for our existing ATG customer base. In addition, we believe that Gogo Galileo will allow us to penetrate the business aviation market outside of North America, where only approximately 6% of business aviation aircraft are installed with in-flight connectivity systems.

Basis of Presentation – The accompanying Unaudited Condensed Consolidated Financial Statements and notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in conformity with Article 10 of Regulation S-X promulgated under the Securities Act of 1933, as amended (the “Securities Act”). Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements and should be read in conjunction with our annual audited consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2023 as filed with the Securities and Exchange Commission (the “SEC”) on February 28, 2024 (the “2023 10-K”). These Unaudited Condensed Consolidated Financial Statements reflect, in the opinion of management, all material adjustments (which include normal recurring adjustments) necessary to fairly state, in all material respects, our financial position, results of operations and cash flows for the periods presented.

The results of operations and cash flows for the three-month period ended March 31, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2024.

We had one class of common stock outstanding as of March 31, 2024 and December 31, 2023.

Use of Estimates – The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, management evaluates the significant estimates and bases such estimates on historical experience and various other assumptions believed to be reasonable under the circumstances. However, actual results could differ materially from those estimates.

As a result of our determination to participate in the FCC Reimbursement Program, we reassessed and shortened the estimated useful lives of affected network equipment to be consistent with our estimated date to complete the program. This change in accounting estimate was effective beginning the second quarter of 2023 and resulted in increased depreciation expense of $1.2 million for the three-month period ended March 31, 2024. Net income per basic share was unchanged, while net income per diluted share decreased by $0.01 for the three-month period ended March 31, 2024.

Recently Issued Accounting Pronouncements

The Company considers the applicability and impact of all Accounting Standards Updates (“ASUs”) issued by the Financial Accounting Standards Board (“FASB”). ASUs not listed below were assessed and determined to be either not applicable or expected to have minimal impact on our consolidated financial statements and related notes.

Accounting standards not yet adopted:

In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. This guidance is effective retrospectively for fiscal years beginning after December 15, 2023 and interim periods after December 15, 2024. Early adoption is permitted. We are currently evaluating the impact that this guidance will have upon our consolidated financial statements and related notes.

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures to enhance the transparency and decision usefulness of income tax disclosures, most notably in the tax rate reconciliation and income taxes paid. This guidance is effective for annual periods beginning after December 15, 2024. Early adoption is permitted and the amendments should be applied on a prospective basis, with retrospective application permitted. We are currently evaluating the impact that this guidance will have upon our consolidated financial statements and related notes.

Unaudited Condensed Consolidated Statements of Stockholders' Equity (Deficit) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]	Treasury Stock, Common [Member]
Beginning Balance at Dec. 31, 2022	$ (101,869)	$ 14	$ 1,385,933	$ 30,128	$ (1,359,569)	$ (158,375)
Beginning Balance, shares at Dec. 31, 2022		127,840,813				8,690,549
Net income	20,449				20,449
Currency translation adjustments, net of tax	75			75
Fair value adjustments of cash flow hedges, net of tax	(7,160)			(7,160)
Stock-based compensation expense	5,041		5,041
Issuance of common stock upon exercise of stock options	179		179
Issuance of common stock upon exercise of stock options, shares		68,520
Issuance of common stock upon vesting of restricted stock units, Shares		664,020
Tax withholding related to vesting of restricted stock units	(5,037)		(5,037)
Issuance of common stock in connection with employee stock purchase plan	179		179
Issuance of common stock in connection with employee stock purchase plan, Shares		12,582
Ending Balance at Mar. 31, 2023	(88,143)	$ 14	1,386,295	23,043	(1,339,120)	$ (158,375)
Ending Balance, shares at Mar. 31, 2023		128,585,935				8,690,549
Beginning Balance at Dec. 31, 2023	40,725	$ 14	1,402,003	15,796	(1,213,891)	$ (163,197)
Beginning Balance, shares at Dec. 31, 2023		128,462,343				9,169,941
Net income	30,490				30,490
Currency translation adjustments, net of tax	(155)			(155)
Fair value adjustments of cash flow hedges, net of tax	(675)			(675)
Stock-based compensation expense	4,840		4,840
Issuance of common stock upon exercise of stock options	$ 80		80
Issuance of common stock upon exercise of stock options, shares	31,136	31,136
Issuance of common stock upon vesting of restricted stock units, Shares		872,329
Tax withholding related to vesting of restricted stock units	$ (2,706)		(2,706)
Repurchase of common stock, shares		(1,138,681)				1,138,681
Repurchase of common stock, value	(10,160)					$ (10,160)
Ending Balance at Mar. 31, 2024	$ 62,439	$ 14	$ 1,404,217	$ 14,966	$ (1,183,401)	$ (173,357)
Ending Balance, shares at Mar. 31, 2024		128,227,127				10,308,622

Accumulated Other Comprehensive Income (Loss) - Summary of changes in accumulated other comprehensive income (loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	$ 40,725	$ (101,869)
Other comprehensive income (loss) before reclassifications	3,553	(2,439)
Net current period comprehensive income (loss)	(830)	(7,085)
Ending Balance	62,439	(88,143)
Currency Translation Adjustment [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	(934)	(1,225)
Other comprehensive income (loss) before reclassifications	(155)	75
Less: income realized and reclassified to earnings	0	0
Net current period comprehensive income (loss)	(155)	75
Ending Balance	(1,089)	(1,150)
Change in Fair Value Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	16,730	31,353
Other comprehensive income (loss) before reclassifications	3,553	(2,439)
Less: income realized and reclassified to earnings	4,228	4,721
Net current period comprehensive income (loss)	(675)	(7,160)
Ending Balance	16,055	24,193
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	15,796	30,128
Other comprehensive income (loss) before reclassifications	3,398	(2,364)
Less: income realized and reclassified to earnings	4,228	4,721
Net current period comprehensive income (loss)	(830)	(7,085)
Ending Balance	$ 14,966	$ 23,043

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

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+ Details

Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts Strike Rates and End Dates of the Cap Agreements

The notional amounts, strike rates and end dates of the cap agreements are as follows (notional amounts in thousands):


Start Date	End Date	Notional Amounts		Strike Rate
7/31/2021	7/30/2023	$	650,000		0.75	%
7/31/2023	7/30/2024		525,000		0.75	%
7/31/2024	7/30/2025		350,000		1.25	%
7/31/2025	7/30/2026		250,000		2.25	%
7/31/2026	7/30/2027		200,000		2.75	%

Schedule of Derivative Assets at Fair Value

The following table presents the fair value of our interest rate derivatives included in the Unaudited Condensed Consolidated Balance Sheets for the periods presented (in thousands):


		March 31,		December 31,
Derivatives designated as hedging instruments	Balance sheet location	2024		2023
Current portion of interest rate caps	Prepaid expenses and other current assets	$	17,178	$	18,801
Non-current portion of interest rate caps	Other non-current assets	$	10,239	$	10,295

Derivative Instruments and Hedging Activities - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	May 31, 2021
Derivative Instruments Gain Loss [Line Items]
Notional Amounts			$ 650,000
Derivative, description of terms	We receive payments in the amount calculated pursuant to the caps for any period in which the daily compounded SOFR rate plus a credit spread adjustment recommended by the Alternative Reference Rate Committee of 0.26% increases beyond the applicable strike rate
Unrealized loss on the interest rate caps net	$ 200	$ 2,300
Other Comprehensive Income (Loss)
Derivative Instruments Gain Loss [Line Items]
Fair value of outstanding derivative instruments, unrealized loss net of taxes deferred in accumulated other comprehensive income	0	0
Fair value of outstanding derivative instruments, loss, expected to be reclassified to earnings	2,600
Interest Rate Cap
Derivative Instruments Gain Loss [Line Items]
Notional Amounts			$ 8,600
Decrease in fair value on interest	$ 1,500	$ 7,300

Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Current assets:

Cash and cash equivalents

$ 152,820

$ 139,036

Accounts receivable, net of allowances of $1,855 and $2,091, respectively

49,405

48,233

Inventories

^[1]

69,298

63,187

Prepaid expenses and other current assets

63,782

64,138

Total current assets

335,305

314,594

Non-current assets:

Property and equipment, net

96,042

98,129

Intangible assets, net

57,870

55,647

Operating lease right-of-use assets

69,804

70,552

Investment in convertible note

18,132

Other non-current assets, net of allowances of $614 and $591, respectively

25,577

25,979

Deferred income taxes

206,223

216,638

Total non-current assets

473,648

466,945

Total assets

808,953

781,539

Current liabilities:

Accounts payable

22,823

16,094

Accrued liabilities

47,643

47,649

Deferred revenue

2,150

1,003

Current portion of long-term debt

7,250

Total current liabilities

79,866

71,996

Non-current liabilities:

Long-term debt

586,274

587,501

Non-current operating lease liabilities

71,784

73,047

Other non-current liabilities

8,590

8,270

Total non-current liabilities

666,648

668,818

Total liabilities

746,514

740,814

Commitments and contingencies (Note 15)

Stockholders' equity

Common stock, par value $0.0001 per share; 500,000,000 shares authorized at March 31, 2024 and December 31, 2023; 138,253,311 and 137,632,284 shares issued at March 31, 2024 and December 31, 2023, respectively; and 128,227,127 and 128,462,343 shares outstanding at March 31, 2024 and December 31, 2023, respectively

Additional paid-in capital

1,404,217

1,402,003

Accumulated other comprehensive income

14,966

15,796

Treasury stock, at cost

(173,357)

(163,197)

Accumulated deficit

(1,183,401)

(1,213,891)

Total stockholders' equity

62,439

40,725

Total liabilities and stockholders' equity

$ 808,953

$ 781,539

[1]	See Note 4, “Government Assistance,” for additional information.

Fair Value of Financial Assets and Liabilities - Additional Information (Details) - Convertible Note [Member] - USD ($) $ in Thousands		3 Months Ended
	Feb. 26, 2024	Mar. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Payments to acquire investments	$ 5	$ 5,000
Investment interest rate	5.00%

- Definition

Rate of interest on investment.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Total revenue	$ 104,322	$ 98,597
Operating expenses:
Cost of service revenue (exclusive of amounts shown below)	17,871	16,797
Cost of equipment revenue (exclusive of amounts shown below)	15,786	18,126
Engineering, design and development	9,216	7,879
Sales and marketing	8,283	6,877
General and administrative	14,651	14,199
Depreciation and amortization	3,841	2,791
Total operating expenses	69,648	66,669
Operating income	34,674	31,928
Other expense (income):
Interest income	(2,048)	(1,916)
Interest expense	8,410	8,976
Other (income) expense, net	(13,099)	31
Total other (income) expense	(6,737)	7,091
Income before income taxes	41,411	24,837
Income tax provision	10,921	4,388
Net income	$ 30,490	$ 20,449
Net income attributable to common stock per share
Basic	$ 0.24	$ 0.16
Diluted	$ 0.23	$ 0.15
Weighted average number of shares:
Weighted average shares outstanding basic	129,272	129,136
Weighted average shares outstanding diluted	132,441	133,602
Service [Member]
Revenue:
Total revenue	$ 81,673	$ 78,499
Equipment [Member]
Revenue:
Total revenue	$ 22,649	$ 20,098

Composition of Certain Balance Sheet Accounts - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accrued Liabilities, Current [Abstract]
Operating leases	$ 10,679	$ 10,284
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total accrued liabilities	Total accrued liabilities
Employee compensation and benefits	$ 7,377	$ 10,386
Customer credit reserve	6,847	6,027
Network equipment	4,613	4,533
Warranty reserve	3,470	3,420
Gogo Galileo development costs	4,323	2,432
Taxes	2,662	2,170
Accrued interest	467	469
Other	7,205	7,928
Total accrued liabilities	$ 47,643	$ 47,649

Interest Costs

3 Months Ended

Mar. 31, 2024

Text Block [Abstract]

Interest Costs

10.

Interest Costs

We capitalize a portion of our interest on funds borrowed during the active construction period of major capital projects. Capitalized interest is added to the cost of the underlying assets and amortized over the useful lives of the assets.

The following is a summary of our interest costs for the three-month periods ended March 31, 2024 and 2023 (in thousands):


	For the Three Months Ended March 31,
	2024			2023
Interest costs charged to expense	$	13,340		$	14,497
Amortization of deferred financing costs		594			630
Amortization of the purchase price of interest rate caps		781			134
Interest rate cap benefit		(6,405	)		(6,393	)
Accretion of debt discount		100			108
Interest expense		8,410			8,976
Interest costs capitalized to property and equipment		612			497
Interest costs capitalized to software		257			157
Total interest costs	$	9,279		$	9,630

Composition of Certain Balance Sheet Accounts - Schedule of Other Non-Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Other Liabilities, Noncurrent [Abstract]
Total other non-current liabilities	$ 8,590	$ 8,270

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Summary of Revenue Disaggregated by Category

The following table presents our revenue disaggregated by category (in thousands):


	For the Three Months Ended March 31,
	2024		2023
Service revenue
Connectivity	$	80,358	$	77,246
Entertainment and other		1,315		1,253
Total service revenue	$	81,673	$	78,499
Equipment revenue
ATG	$	19,347	$	15,556
Narrowband satellite		1,694		2,651
Other		1,608		1,891
Total equipment revenue	$	22,649	$	20,098
Customer type
Aircraft owner/operator/service provider	$	81,673	$	78,499
OEM and aftermarket dealer		22,649		20,098
Total revenue	$	104,322	$	98,597

Derivative Instruments and Hedging Activities

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

We are exposed to interest rate risk on our variable rate borrowings. We currently use interest rate caps to manage our exposure to interest rate changes, and have designated these interest rate caps as cash flow hedges for accounting purposes. Accordingly, the earnings impact of the derivatives designated as cash flow hedges is recorded upon the recognition of the variable interest payments related to the hedged debt.

In May 2021, we purchased interest rate caps with an aggregate notional amount of $650.0 million for $8.6 million. The cost of the interest rate caps will be amortized to interest expense using the caplet method, from the effective date through termination date. We receive payments in the amount calculated pursuant to the caps for any period in which the daily compounded SOFR rate plus a credit spread adjustment recommended by the Alternative Reference Rate Committee of 0.26% increases beyond the applicable strike rate. The notional amounts of the interest rate caps periodically decrease over the life of the caps.

The notional amounts, strike rates and end dates of the cap agreements are as follows (notional amounts in thousands):


Start Date	End Date	Notional Amounts		Strike Rate
7/31/2021	7/30/2023	$	650,000		0.75	%
7/31/2023	7/30/2024		525,000		0.75	%
7/31/2024	7/30/2025		350,000		1.25	%
7/31/2025	7/30/2026		250,000		2.25	%
7/31/2026	7/30/2027		200,000		2.75	%

We record the effective portion of changes in the fair value of our cash flow hedges to other comprehensive income (loss), net of tax, and subsequently reclassify these amounts into earnings in the period during which the hedged transaction is recognized. The amounts included in accumulated other comprehensive income will be reclassified to interest expense in the event the hedges are no longer considered effective, in accordance with ASC 815, Derivatives and Hedging. No gains or losses of our cash flow hedges were considered to be ineffective and reclassified from other comprehensive income (loss) to earnings for the three-month periods ended March 31, 2024 and 2023. We estimate that approximately $2.6 million currently recorded in accumulated other comprehensive income (loss) will be recognized in earnings over the next 12 months. We assess the effectiveness of the hedges on an ongoing basis, and the remaining outstanding caps are still considered to be highly effective, and remain designated as a cash flow hedge. Cash flows from interest rate caps are classified in the Unaudited Condensed Consolidated Statements of Cash Flows as investing activities.

For the three-month period ended March 31, 2024, we recorded a decrease in fair value on the interest rate caps of $1.5 million, net of tax of $0.2 million, and for the three-month period ended March 31, 2023, we recorded a decrease in fair value on the interest rate caps of $7.3 million, net of tax of $2.3 million. Increases and decreases in fair value on interest rate caps above exclude amortization of the purchase price paid for the interest rate caps.

When derivatives are used, we are exposed to credit loss in the event of non-performance by the counterparties; however, non-performance is not anticipated. ASC 815, Derivatives and Hedging, requires companies to recognize all derivative instruments as either assets or liabilities at fair value in the balance sheet. The fair values of the interest rate derivatives are based on quoted market prices for similar instruments from commercial banks (based on significant observable inputs - Level 2 inputs).

The following table presents the fair value of our interest rate derivatives included in the Unaudited Condensed Consolidated Balance Sheets for the periods presented (in thousands):


		March 31,		December 31,
Derivatives designated as hedging instruments	Balance sheet location	2024		2023
Current portion of interest rate caps	Prepaid expenses and other current assets	$	17,178	$	18,801
Non-current portion of interest rate caps	Other non-current assets	$	10,239	$	10,295

Fair Value Measurement

Our derivative assets and liabilities consist principally of interest rate caps, which are carried at fair value based on significant observable inputs (Level 2 inputs). Derivatives entered into by us are typically executed over-the-counter and are valued using discounted cash flows along with fair value models that primarily use market observable inputs. These models take into account a variety of factors including, where applicable, maturity, interest rate yield curves, and counterparty credit risks.

Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2024

AOCI Attributable to Parent [Abstract]

Summary of Changes in Accumulated Other Comprehensive Income (Loss)

The following is a summary of changes in accumulated other comprehensive income (loss) by component (in thousands):


				Change in
	Currency			Fair Value of
	Translation			Cash Flow
	Adjustment			Hedges			Total
Balance at January 1, 2024	$	(934	)	$	16,730		$	15,796
Other comprehensive income (loss) before reclassifications		(155	)		3,553			3,398
Less: income realized and reclassified to earnings		—			4,228			4,228
Net current period comprehensive income (loss)		(155	)		(675	)		(830	)
Balance at March 31, 2024	$	(1,089	)	$	16,055		$	14,966


				Change in
	Currency			Fair Value of
	Translation			Cash Flow
	Adjustment			Hedges			Total
Balance at January 1, 2023	$	(1,225	)	$	31,353		$	30,128
Other comprehensive income (loss) before reclassifications		75			(2,439	)		(2,364	)
Less: income realized and reclassified to earnings		—			4,721			4,721
Net current period comprehensive income (loss)		75			(7,160	)		(7,085	)
Balance at March 31, 2023	$	(1,150	)	$	24,193		$	23,043

Derivative Instruments and Hedging Activities - Schedule of Fair Value of Interest Rate Derivates (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Derivatives Fair Value [Line Items]
Prepaid Expense and Other Assets, Current	$ 63,782	$ 64,138
Other Assets, Noncurrent	25,577	25,979
Interest Rate Cap Current
Derivatives Fair Value [Line Items]
Derivative Asset	17,178	18,801
Interest Rate Cap Non Current
Derivatives Fair Value [Line Items]
Derivative Asset	$ 10,239	$ 10,295
Prepaid Expenses and Other Current Assets
Derivatives Fair Value [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid Expense and Other Assets, Current	Prepaid Expense and Other Assets, Current
Other Noncurrent Assets
Derivatives Fair Value [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent

- Definition

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References

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-Topic 946
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+ Details

Leases - Schedule of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Operating lease cost	$ 4,088	$ 3,938
Financing lease cost:
Amortization of leased assets	14	39
Interest on lease liabilities	4	5
Total lease cost	$ 4,106	$ 3,982

Composition of Certain Balance Sheet Accounts - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Prepaid Expense and Other Assets [Abstract]

Interest rate caps and receivable

$ 21,469

$ 23,227

FCC reimbursement receivable

^[1]

15,197

18,274

Contract assets

^[2]

6,694

6,939

Prepaid inventories

2,543

2,606

Other

17,879

13,092

Total prepaid expenses and other current assets

$ 63,782

$ 64,138

[1]	See Note 4, “Government Assistance,” for additional information.
[2]	See Note 4, “Government Assistance,” for additional information.

Basis of Presentation - Additional Information (Details) $ / shares in Units, $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($) Classofcommonstock $ / shares	Dec. 31, 2023 Classofcommonstock
Schedule Of Summary Of Significant Accounting Policies [Line Items]
Number of classes of common stock outstanding \| Classofcommonstock	1	1
Percentage of business aviation aircraft installed with in-flight connectivity systems	6.00%
FCC Reimbursement Program
Schedule Of Summary Of Significant Accounting Policies [Line Items]
Depreciation expense \| $	$ 1.2
Net income Per Share Basic, Decrease	$ 0.01
Net income Per Share Diluted, Decrease	$ 0.01

Long-Term Debt and Other Liabilities (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt as of March 31, 2024 and December 31, 2023 was as follows (in thousands):


	March 31,			December 31,
	2024			2023
Term Loan Facility	$	603,085		$	604,797
Less: deferred financing costs		(9,561	)		(10,046	)
Less: current portion of long-term debt		(7,250	)		(7,250	)
Total long-term debt	$	586,274		$	587,501

- 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

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+ Details

Basis of Presentation (Policies)	3 Months Ended
Basis of Presentation (Policies)	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation – The accompanying Unaudited Condensed Consolidated Financial Statements and notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in conformity with Article 10 of Regulation S-X promulgated under the Securities Act of 1933, as amended (the “Securities Act”). Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements and should be read in conjunction with our annual audited consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2023 as filed with the Securities and Exchange Commission (the “SEC”) on February 28, 2024 (the “2023 10-K”). These Unaudited Condensed Consolidated Financial Statements reflect, in the opinion of management, all material adjustments (which include normal recurring adjustments) necessary to fairly state, in all material respects, our financial position, results of operations and cash flows for the periods presented. The results of operations and cash flows for the three-month period ended March 31, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2024. We had one class of common stock outstanding as of March 31, 2024 and December 31, 2023.
Use of Estimates	Use of Estimates – The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, management evaluates the significant estimates and bases such estimates on historical experience and various other assumptions believed to be reasonable under the circumstances. However, actual results could differ materially from those estimates. As a result of our determination to participate in the FCC Reimbursement Program, we reassessed and shortened the estimated useful lives of affected network equipment to be consistent with our estimated date to complete the program. This change in accounting estimate was effective beginning the second quarter of 2023 and resulted in increased depreciation expense of $1.2 million for the three-month period ended March 31, 2024. Net income per basic share was unchanged, while net income per diluted share decreased by $0.01 for the three-month period ended March 31, 2024.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standards Updates (“ASUs”) issued by the Financial Accounting Standards Board (“FASB”). ASUs not listed below were assessed and determined to be either not applicable or expected to have minimal impact on our consolidated financial statements and related notes. Accounting standards not yet adopted: In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. This guidance is effective retrospectively for fiscal years beginning after December 15, 2023 and interim periods after December 15, 2024. Early adoption is permitted. We are currently evaluating the impact that this guidance will have upon our consolidated financial statements and related notes. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures to enhance the transparency and decision usefulness of income tax disclosures, most notably in the tax rate reconciliation and income taxes paid. This guidance is effective for annual periods beginning after December 15, 2024. Early adoption is permitted and the amendments should be applied on a prospective basis, with retrospective application permitted. We are currently evaluating the impact that this guidance will have upon our consolidated financial statements and related notes.

Leases - Schedule of Other Information Regarding Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows used in operating leases	$ 4,195	$ 3,969
Operating cash flows used in financing leases	4	5
Financing cash flows used in financing leases	3	57
Non-cash items:
Operating leases obtained	2,122	718
Financing leases obtained	$ 170	$ 0
Weighted average remaining lease term
Operating leases	7 years	8 years
Financing leases	3 years	1 year
Weighted average discount rate
Operating leases	6.80%	6.70%
Financing leases	9.00%	16.60%

Fair Value of Financial Assets and Liabilities - Summary of Fair Value and Carrying Value of Long-Term Debt (Parenthetical) (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Term Loan Facility [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument, unamortized discount	$ 2.0	$ 2.1

Composition of Certain Balance Sheet Accounts - Schedule of Components of Inventories (Details) - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Inventory Disclosure [Abstract]

Work-in-process component parts

$ 34,687

$ 34,692

Finished goods

34,611

28,495

Total inventory

^[1]

$ 69,298

$ 63,187

[1]	See Note 4, “Government Assistance,” for additional information.

Earnings Per Share - Additional Information (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Weighted-average number of shares	2.8	0.6
Repurchases of common stock	$ 10,137	$ 0

Research and Development Costs	3 Months Ended
Research and Development Costs	Mar. 31, 2024
Research and Development [Abstract]
Research and Development Costs	6. Research and Development Costs Expenditures for research and development are charged to expense as incurred and totaled $9.2 million and $7.9 million, respectively, during the three-month periods ended March 31, 2024 and 2023. Research and development costs are reported as Engineering, design and development expenses in our Unaudited Condensed Consolidated Statements of Operations.

Fair Value of Financial Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Reconciliation of Investment in Convertible Note

The reconciliation of beginning and ending balances of the Investment in Convertible Note as of March 31, 2024 were as follows (in thousands):


	For the Three Months Ended March 31,
	2024
Balance at beginning of period	$	—
Investment		5,000
Change in fair value		13,132
Balance at end of period	$	18,132

Summary of Fair Value and Carrying Value of Long-Term Debt

The fair value and carrying value of long-term debt as of March 31, 2024 and December 31, 2023 were as follows (in thousands):


	March 31, 2024					December 31, 2023
	Fair Value (1)		Carrying Value			Fair Value (1)		Carrying Value
Term Loan Facility	$	605,000	$	603,085	(2)	$	610,000	$	604,797	(2)

(1)

Fair value amounts are rounded to the nearest million.

(2)

Long-Term Debt and Other Liabilities - Additional Information (Details) $ in Thousands	1 Months Ended	3 Months Ended
	Apr. 30, 2021 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Amortization of deferred financing costs and interest rate caps		$ 594	$ 630
Debt instrument, maturity date	Apr. 30, 2026
Prepayment Of Net Cash Proceeds Percentage	100.00%
Prepayment Of Net Cash Proceeds Reduced Percentage	50.00%
Prepayment Of Net Cash Proceeds Maximum Reduction Percentage	0.00%
Prepayment Of Net Cash Proceeds Of Debt Offerings Percentage	100.00%
Additional paid-in capital		$ 1,404,217		$ 1,402,003
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 100,000
Debt instrument, maturity date	Apr. 30, 2028
Margin On LIBOR	an adjusted term SOFR rate (subject to a floor of 0.00%) plus an applicable margin ranging from 3.25% to 3.75% per annum depending on GIH’s senior secured first lien net leverage ratio and a credit spread adjustment recommended by the Alternative Reference Rates Committee of 0.11%, 0.26% or 0.43% per annum based on 1-month, 3-month or 6-month term SOFR, respectively or
Floor rate	0.00%
Unused Borrowing Fee Percentage		0.25%
Margin fee		3.25%
Revolving Credit Facility [Member] \| SORF [Member] \| 1-month Term [Member]
Debt Instrument [Line Items]
Interest Rate On Debt	0.11%
Revolving Credit Facility [Member] \| SORF [Member] \| 3-month Term [Member]
Debt Instrument [Line Items]
Interest Rate On Debt	0.26%
Revolving Credit Facility [Member] \| SORF [Member] \| 6-Month Term [Member]
Debt Instrument [Line Items]
Interest Rate On Debt	0.43%
Revolving Credit Facility [Member] \| Minimum
Debt Instrument [Line Items]
Unused Borrowing Fee Percentage	0.25%
Revolving Credit Facility [Member] \| Minimum \| London Interbank Offered Rate [Member]
Debt Instrument [Line Items]
Interest Rate On Debt	3.25%
Revolving Credit Facility [Member] \| Minimum \| Base Rate [Member]
Debt Instrument [Line Items]
Interest Rate On Debt	2.25%
Revolving Credit Facility [Member] \| Maximum
Debt Instrument [Line Items]
Unused Borrowing Fee Percentage	0.50%
Revolving Credit Facility [Member] \| Maximum \| London Interbank Offered Rate [Member]
Debt Instrument [Line Items]
Interest Rate On Debt	3.75%
Revolving Credit Facility [Member] \| Maximum \| Base Rate [Member]
Debt Instrument [Line Items]
Interest Rate On Debt	2.75%
Term Loan and Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Margin On LIBOR	an adjusted term secured overnight financing rate as administered by the Federal Reserve Bank of New York (“SOFR”) (subject to a floor of 0.75%) plus an applicable margin of 3.75% and a credit spread adjustment recommended by the Alternative Reference Rates Committee of 0.11%, 0.26% or 0.43% per annum based on 1-month, 3-month or 6-month term SOFR, respectively or
Floor rate	0.75%
Term Loan and Revolving Credit Facility [Member] \| London Interbank Offered Rate [Member]
Debt Instrument [Line Items]
Interest Rate On Debt	3.75%
Term Loan and Revolving Credit Facility [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Interest Rate On Debt	2.75%
Line Of Credit [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 725,000
Term loan discount rate	0.50%
Line Of Credit [Member] \| Term Loan and Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Prepayment of annual excess cash flow, Percentage	50.00%
Reduction in Prepayment of annual excess cash flow, Percentage	25.00%
Maximum reduction in Prepayment of annual excess cash flow, Percentage	0.00%
Leverage ratio	7.5
Percentage Of All Commitments	35.00%
2024 Senior Secured Notes [Member]
Debt Instrument [Line Items]
Amortization of deferred financing costs and interest rate caps		$ 600	$ 600
Aggregate principal amount		605,100		606,900
Total debt		603,100		604,800
Loan origination fees		19,700
Debt issuance costs		10,500		11,100
Convertible Notes, unamortized discount		$ 2,000		$ 2,100

Leases

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Leases

14.

Leases

Operating and Financing Leases — We determine whether a contract contains a lease at contract inception. Lease liabilities are calculated using a discount rate based on our incremental borrowing rate at lease commencement. We have operating lease agreements primarily related to cell sites and office space. Certain cell site and office space leases have renewal option terms that have been deemed reasonably certain to be exercised. These renewal options extend a lease by up to 15 years. We recognize operating lease expense on a straight-line basis over the lease term. As of March 31, 2024, there were no significant leases which had not commenced.

The following is a summary of our lease expense included in the Unaudited Condensed Consolidated Statements of Operations (in thousands):


	For the Three Months Ended March 31,
	2024		2023
Operating lease cost	$	4,088	$	3,938
Financing lease cost:
Amortization of leased assets		14		39
Interest on lease liabilities		4		5
Total lease cost	$	4,106	$	3,982

Other information regarding our leases is as follows (in thousands, except lease terms and discount rates):


	For the Three Months Ended March 31,
	2024			2023
Supplemental cash flow information
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows used in operating leases	$	4,195		$	3,969
Operating cash flows used in financing leases	$	4		$	5
Financing cash flows used in financing leases	$	3		$	57
Non-cash items:
Operating leases obtained	$	2,122		$	718
Financing leases obtained	$	170		$	—
Weighted average remaining lease term
Operating leases	7 years			8 years
Financing leases	3 years			1 year
Weighted average discount rate
Operating leases		6.8	%		6.7	%
Financing leases		9.0	%		16.6	%

Annual future minimum lease payments as of March 31, 2024 (in thousands):


Years ending December 31,	Operating Leases			Financing Leases
2024 (period from April 1 to December 31)	$	11,646		$	58
2025		16,505			62
2026		16,069			60
2027		14,513			15
2028		12,869			—
Thereafter		31,135			—
Total future minimum lease payments		102,737			195
Less: Amount representing interest		(20,274	)		(22	)
Present value of net minimum lease payments	$	82,463		$	173
Reported as of March 31, 2024
Accrued liabilities	$	10,679		$	62
Non-current operating lease liabilities		71,784			—
Other non-current liabilities		—			111
Total lease liabilities	$	82,463		$	173

Revenue Recognition - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Revenue From Contracts With Customers [Line Items]
Transaction price allocated to remaining performance obligations	$ 292.0
Equipment revenue	$ 16.0
Future equipment revenue recognition period	three years
Maximum [Member]
Revenue From Contracts With Customers [Line Items]
Revenue Recognition Term Of Contract	10 years
Minimum [Member]
Revenue From Contracts With Customers [Line Items]
Revenue Recognition Term Of Contract	2 years
One to five years \| Maximum [Member]
Revenue From Contracts With Customers [Line Items]
Remaining unsatisfied performance obligations term	5 years
One to five years \| Minimum [Member]
Revenue From Contracts With Customers [Line Items]
Remaining unsatisfied performance obligations term	1 year
Five to ten years \| Maximum [Member]
Revenue From Contracts With Customers [Line Items]
Remaining unsatisfied performance obligations term	10 years
Five to ten years \| Minimum [Member]
Revenue From Contracts With Customers [Line Items]
Remaining unsatisfied performance obligations term	5 years
Airline [Member] \| Revenue [Member] \| Customer Concentration Risk [Member]
Revenue From Contracts With Customers [Line Items]
Contract assets, current and non-current	$ 16.5	$ 16.6
Accounting Standards Update 2014-09 [Member]
Revenue From Contracts With Customers [Line Items]
Deferred revenue, current and non-current	2.2	$ 1.0
Connectivity And Entertainment Service Revenues
Revenue From Contracts With Customers [Line Items]
Transaction price allocated to remaining performance obligations	$ 276.0
Revenue, Remaining Performance Obligation, Percentage	20.00%
Connectivity And Entertainment Service Revenues \| One to five years
Revenue From Contracts With Customers [Line Items]
Revenue, Remaining Performance Obligation, Percentage	45.00%
Connectivity And Entertainment Service Revenues \| Five to ten years
Revenue From Contracts With Customers [Line Items]
Revenue, Remaining Performance Obligation, Percentage	35.00%

Stock-Based Compensation and 401(k) Plan - Summary of Stock-Based Compensation Expense by Operating Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 4,840	$ 5,041
Cost of Service Revenue [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	473	343
Cost of Equipment Revenue [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	379	287
Engineering, Design and Development [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	982	754
Sales and Marketing [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	997	738
General and Administrative [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 2,009	$ 2,919

Stock-Based Compensation and 401(k) Plan (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Stock-Based Compensation Expense by Operating Expense

The following is a summary of our stock-based compensation expense by operating expense line in the Unaudited Condensed Consolidated Statements of Operations (in thousands):


	For the Three Months Ended March 31,
	2024		2023
Cost of service revenue	$	473	$	343
Cost of equipment revenue		379		287
Engineering, design and development		982		754
Sales and marketing		997		738
General and administrative		2,009		2,919
Total stock-based compensation expense	$	4,840	$	5,041

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 30,490	$ 20,449

- Definition

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

+ References

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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Interest Costs - Summary of Interest Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of Interest [Line Items]
Interest costs charged to expense	$ 13,340	$ 14,497
Amortization of deferred financing costs	594	630
Amortization of the purchase price of interest rate caps	781	134
Accretion of debt discount	100	108
Interest expense	8,410	8,976
Total interest costs	9,279	9,630
Interest Rate Cap [Member]
Schedule of Interest [Line Items]
Interest costs capitalized	6,405	6,393
Property and Equipment [Member]
Schedule of Interest [Line Items]
Interest costs capitalized	612	497
Software [Member]
Schedule of Interest [Line Items]
Interest costs capitalized	$ 257	$ 157

Fair Value of Financial Assets and Liabilities - Summary of Fair Value and Carrying Value of Long-Term Debt (Details) - Term Loan Facility [Member] - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Fair value of term loan facility

^[1]

$ 605,000

$ 610,000

Carrying value of term loan facility

^[2]

$ 603,085

$ 604,797

[1]	Fair value amounts are rounded to the nearest million.
[2]	Carrying value of the Term Loan Facility reflects the unaccreted debt discount of $2.0 million and $2.1 million as of March 31, 2024 and December 31, 2023, respectively. See Note 8, “Long-Term Debt and Other Liabilities,” for further information.

Composition of Certain Balance Sheet Accounts - Schedule of Other Non-Current Assets (Details) - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Other Assets, Noncurrent [Abstract]

Interest rate caps

$ 10,239

$ 10,295

Contract assets, net of allowances of $614 and $591, respectively

^[1]

9,840

9,625

Revolving credit facility deferred financing costs

903

1,011

Other

4,595

5,048

Total other non-current assets

$ 25,577

$ 25,979

[1]	See Note 4, “Government Assistance,” for additional information.

Commitments and Contingencies - Additional Information (Details)	3 Months Ended
	Mar. 31, 2024
SmartSky Litigation [Member]
Loss Contingencies [Line Items]
Litigation filing date	February 28, 2022

Intangible Assets - Summary of Amortization Expenses (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024 (period from April 1 to December 31)	$ 835
2025	3,523
2026	3,540
2027	3,367
2028	3,174
Thereafter	$ 10,528

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating activities:
Net income	$ 30,490	$ 20,449
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	3,841	2,791
Loss on asset disposals, abandonments and write-downs	15	107
Provision for expected credit losses	(132)	93
Deferred income taxes	10,641	4,273
Stock-based compensation expense	4,840	5,041
Amortization of deferred financing costs and interest rate caps	1,375	764
Accretion of debt discount	100	108
Change in fair value of convertible note investment	(13,132)	0
Changes in operating assets and liabilities:
Accounts receivable	(1,017)	7,405
Inventories	(6,111)	(5,003)
Prepaid expenses and other current assets	(5,904)	(8,632)
Contract assets	6	557
Accounts payable	4,809	1,191
Accrued liabilities	(1,442)	(9,620)
Deferred revenue	1,146	(1,054)
Accrued interest	(2)	130
Other non-current assets and liabilities	134	(86)
Net cash provided by operating activities	29,657	18,514
Investing activities:
Purchases of property and equipment	(1,451)	(3,112)
Acquisition of intangible assets—capitalized software	(2,720)	(1,484)
Proceeds from FCC Reimbursement Program for property, equipment and intangibles	28	0
Proceeds from interest rate caps	6,539	6,087
Redemptions of short-term investments	0	24,796
Purchases of short-term investments	0	(24,728)
Purchase of convertible note investment	(5,000)	0
Net cash (used in) provided by investing activities	(2,604)	1,559
Financing activities:
Payments on term loan	(1,813)	(1,813)
Repurchase of common stock	(10,137)	0
Payments on finance leases	(3)	(57)
Stock-based compensation activity	(1,343)	(5,575)
Net cash used in financing activities	(13,296)	(7,445)
Effect of exchange rate changes on cash	27	88
Increase in cash, cash equivalents and restricted cash	13,784	12,716
Cash, cash equivalents and restricted cash at beginning of period	139,366	150,880
Cash, cash equivalents and restricted cash at end of period	153,150	163,596
Less: non-current restricted cash	330	330
Cash and cash equivalents at end of period	152,820	163,266
Supplemental cash flow information:
Cash paid for interest	14,207	15,014
Cash paid for taxes	11	12
Non-cash investing activities:
Purchases of property and equipment in current liabilities	$ 6,520	$ 9,973

Composition of Certain Balance Sheet Accounts - Schedule of Property and Equipment (Details) - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Property, Plant and Equipment [Line Items]

Property and equipment, gross

$ 220,680

$ 219,461

Accumulated depreciation

(124,638)

(121,332)

Total property and equipment, net

96,042

98,129

Office Equipment, Furniture, Fixtures and Other [Member]

Property, Plant and Equipment [Line Items]

Property and equipment, gross

19,788

19,153

Leasehold Improvements [Member]

Property, Plant and Equipment [Line Items]

Property and equipment, gross

16,187

16,132

Network Equipment [Member]

Property, Plant and Equipment [Line Items]

Property and equipment, gross

^[1]

$ 184,705

$ 184,176

[1]	See Note 4, “Government Assistance,” for additional information.

Commitments and Contingencies

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

15.

Commitments and Contingencies

Contractual Commitments – We have agreements with various vendors under which we have remaining commitments to purchase hardware components and development services. Such commitments will become payable as we receive the hardware components, or as development services are provided.

SmartSky Litigation – On February 28, 2022, SmartSky Networks, LLC brought suit against Gogo Inc. and its subsidiary Gogo Business Aviation LLC in the U.S. District Court for the District of Delaware (the “Court”) alleging that Gogo 5G infringes four patents owned by the plaintiff. On February 21, 2023, the plaintiff amended its complaint to allege that Gogo 5G infringes two

additional patents recently issued to the plaintiff. The suit seeks an unspecified amount of compensatory damages as well as treble damages for alleged willful infringement and reimbursement of plaintiff's costs, disbursements and attorneys' fees. Under a schedule agreed upon by the parties, fact discovery and claim construction proceedings will be substantially completed by early-to-mid 2024, and expert discovery by mid 2024, with dispositive motions to follow. A trial date has been scheduled for April 14, 2025. Also on February 28, 2022, the plaintiff filed a motion (the “PI Motion”) requesting that the Court preliminarily enjoin the Company from making, using, offering to sell or selling the Gogo 5G system. On September 26, 2022, the Court issued an order denying the PI Motion. The plaintiff has appealed the denial to the U.S. Court of Appeals for the Federal Circuit. On January 31, 2024, the U.S. Court of Appeals for the Federal Circuit affirmed the decision of the Court to deny the PI Motion. We intend to continue to vigorously defend our position in the infringement suit and defend against any further appeal of the PI Motion decision. The outcomes of the appeal and the underlying litigation are inherently uncertain. No amounts have been accrued for any potential losses under this matter, as we cannot reasonably predict the outcome of the litigation or any potential losses.

On March 5, 2024, Gogo Inc. and its subsidiary Gogo Business Aviation LLC filed counterclaims in the same suit, alleging that SmartSky’s ATG network, Flagship equipment, and LITE ATG equipment infringe three patents owned by Gogo. Gogo’s counterclaim suit seeks an unspecified amount of compensatory damages as well as reimbursement of Gogo's costs and attorneys' fees. On April 10, 2024, the Court held that Gogo's counterclaims would proceed under a separate schedule and would be tried separately from SmartSky's claims. At this time, no schedule has been adopted for Gogo's counterclaims.

From time to time we may become involved in legal proceedings arising in the ordinary course of our business. We cannot predict with certainty the outcome of any litigation or the potential for future litigation. Regardless of the outcome of any particular litigation and the merits of any particular claim, litigation can have a material adverse impact on our company due to, among other reasons, any injunctive relief granted, which could inhibit our ability to operate our business, amounts paid as damages or in settlement of any such matter, diversion of management resources and defense costs

Long-Term Debt and Other Liabilities - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Less: deferred financing costs	$ (9,561)	$ (10,046)
Less: current portion of long-term debt	(7,250)	(7,250)
Total long-term debt	586,274	587,501
Line Of Credit [Member]
Debt Instrument [Line Items]
Term Loan Facility	$ 603,085	$ 604,797

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 1B
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ 30,490	$ 20,449
Other comprehensive income (loss), net of tax
Currency translation adjustments, net of tax	(155)	75
Cash flow hedges:
Amount recognized in other comprehensive income	3,553	(2,439)
Less: income realized and reclassified to earnings	4,228	4,721
Changes in fair value of cash flow hedges	(675)	(7,160)
Other comprehensive loss, net of tax	(830)	(7,085)
Comprehensive income	$ 29,660	$ 13,364

Revenue Recognition - Summary of Revenue Disaggregated by Category (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	$ 104,322	$ 98,597
Aircraft Owner Operator [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	81,673	78,499
OEM and Aftermarket Dealer [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	22,649	20,098
Cost of Service Revenue [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	81,673	78,499
Cost of Equipment Revenue [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	22,649	20,098
Connectivity [Member] \| Cost of Service Revenue [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	80,358	77,246
Entertainment And Other [Member] \| Cost of Service Revenue [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	1,315	1,253
A T G \| Cost of Equipment Revenue [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	19,347	15,556
Narrowband satellite \| Cost of Equipment Revenue [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	1,694	2,651
Other Product Or Service \| Cost of Equipment Revenue [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenue	$ 1,608	$ 1,891

Earnings Per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earnings Per Share

Basic and diluted earnings per share have been calculated using the weighted average number of common shares outstanding for the period. Diluted earnings per share was computed using the treasury stock method for stock-based compensation.

The diluted earnings per share calculations exclude the effect of stock options, deferred stock units and restricted stock units when the computation is anti-dilutive. For the three-month periods ended March 31, 2024 and 2023, the weighted average number of shares excluded from the computation was 2.8 million and 0.6 million, respectively.

The following table sets forth the computation of basic and diluted earnings per share for the three-month periods ended March 31, 2024 and 2023 (in thousands, except per share amounts):


	For the Three Months Ended March 31,
Basic	2024		2023
Net income	$	30,490	$	20,449
Weighted average shares outstanding		129,272		129,136
Earnings per share - basic		0.24		0.16

	For the Three Months Ended March 31,
Diluted	2024		2023
Net income	$	30,490	$	20,449
Average shares
Weighted average shares outstanding		129,272		129,136
Effect of dilutive securities - stock-based compensation		3,169		4,466
Total weighted average diluted shares outstanding		132,441		133,602
Earnings per share - diluted	$	0.23	$	0.15

Intangible Assets

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Our intangible assets are comprised of both indefinite-lived and finite-lived intangible assets. Intangible assets with indefinite lives are not amortized; rather, they are reviewed for impairment at least annually or whenever events or circumstances indicate the carrying value of the asset may not be recoverable. We perform our annual impairment test of our indefinite-lived intangible assets during the fourth quarter of each fiscal year, and the results from the test performed in the fourth quarter of 2023 indicated no impairment. We also reevaluate the useful life of indefinite-lived intangible assets each reporting period to determine whether events and circumstances continue to support an indefinite useful life.

As of both March 31, 2024 and December 31, 2023, our goodwill balance was $0.6 million.

Our intangible assets, other than goodwill, as of March 31, 2024 and December 31, 2023 were as follows (in thousands, except for weighted average remaining useful life):


		As of March 31, 2024			As of December 31, 2023
	Weighted Average Remaining Useful Life (in years)	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount
Amortized intangible assets:
Software	7.3	$70,503	$(46,097)	$24,406	$68,155	$(45,910)	$22,245
Other intangible assets	8.0	561	—	561	499	—	499
Service customer relationships		8,081	(8,081)	—	8,081	(8,081)	—
OEM and dealer relationships		6,724	(6,724)	—	6,724	(6,724)	—
Total amortized intangible assets		85,869	(60,902)	24,967	83,459	(60,715)	22,744
Unamortized intangible assets:
FCC Licenses		32,283	—	32,283	32,283	—	32,283
Total intangible assets		$118,152	$(60,902)	$57,250	$115,742	$(60,715)	$55,027

Amortization expense was $0.2 million and $0.6 million, respectively, for the three-month periods ended March 31, 2024 and 2023.

Amortization expense for the remainder of 2024, each of the next four years and thereafter is estimated to be as follows (in thousands):


		Amortization
Years ending December 31,		Expense
2024 (period from April 1 to December 31)		$835
2025		$3,523
2026		$3,540
2027		$3,367
2028		$3,174
Thereafter		$10,528

Actual future amortization expense could differ from the estimated amount as a result of future investments and other factors.

Government Assistance - Summary of Deductions to the Carrying Value of Asset Balances (Details) - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Government Assistance [Line Items]

Inventories

^[1]

$ (69,298)

$ (63,187)

Prepaids and other current assets

(63,782)

(64,138)

Property and equipment, net

(96,042)

(98,129)

Intangible assets, net

(57,870)

(55,647)

Other non-current assets

(25,577)

(25,979)

FCC Reimbursement Program

Government Assistance [Line Items]

Inventories

(6,240)

(4,970)

Prepaids and other current assets

(2,042)

(1,542)

Property and equipment, net

(3,690)

(2,094)

Intangible assets, net

(651)

(58)

Other non-current assets

$ (7,105)

$ (5,542)

[1]	See Note 4, “Government Assistance,” for additional information.

Government Assistance - Summary of Increases to Net Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating expenses:
General and administrative	$ 14,651	$ 14,199
FCC Reimbursement Program [Member]
Revenue:
Service revenue	687
Operating expenses:
Cost of service revenue	112
Cost of equipment revenue	2,284
General and administrative	$ 181

Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 0.6		$ 0.6
Amortization expense	$ 0.2	$ 0.6

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three-month periods ended March 31, 2024 and 2023 (in thousands, except per share amounts):


	For the Three Months Ended March 31,
Basic	2024		2023
Net income	$	30,490	$	20,449
Weighted average shares outstanding		129,272		129,136
Earnings per share - basic		0.24		0.16

	For the Three Months Ended March 31,
Diluted	2024		2023
Net income	$	30,490	$	20,449
Average shares
Weighted average shares outstanding		129,272		129,136
Effect of dilutive securities - stock-based compensation		3,169		4,466
Total weighted average diluted shares outstanding		132,441		133,602
Earnings per share - diluted	$	0.23	$	0.15

Composition of Certain Balance Sheet Accounts - Schedule of Other Non-Current Assets (Parenthetical) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Other Assets, Noncurrent [Abstract]
Contract with Customer, Asset, Accumulated Allowance for Credit Loss, Noncurrent	$ 614	$ 591

Stock-Based Compensation and 401(k) Plan

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation and 401(k) Plan

12.

Stock-Based Compensation and 401(k) Plan

Stock-Based Compensation — As of March 31, 2024, we maintained the Second Amended and Restated Gogo Inc. 2016 Omnibus Incentive Plan (the “2016 Omnibus Plan”). The 2016 Omnibus Plan provides for the grant of both equity and cash awards, including non-qualified stock options, incentive stock options, stock appreciation rights, performance awards (shares and units), restricted stock, Restricted Stock Units (“RSUs”), deferred share units and other stock-based awards and dividend equivalents to eligible employees, directors and consultants, as determined by the Compensation Committee of our Board of Directors. See Note 12, “Stock-Based Compensation and 401(k) Plan,” in our 2023 10-K for further information regarding these plans. The majority of our equity grants are awarded on an annual basis.

For the three-month period ended March 31, 2024, no options to purchase shares of common stock were granted, options to purchase 31,136 shares of common stock were exercised, no options to purchase shares of common stock were forfeited and 13,053 options to purchase shares of common stock expired.

For the three-month period ended March 31, 2024, 30,908 RSUs were granted, 1,017,609 RSUs vested and 13,436 RSUs were forfeited. The fair value of the RSUs granted during the three-month period ended March 31, 2024 was approximately $0.3 million, which will generally be recognized over a period of four years.

For the three-month period ended March 31, 2024, 49,256 deferred stock units were granted, none vested and 169,683 were settled. The fair value of the deferred stock units granted during the three-month period ended March 31, 2024 was approximately $0.4 million, which will generally be recognized over a period of one year.

The following is a summary of our stock-based compensation expense by operating expense line in the Unaudited Condensed Consolidated Statements of Operations (in thousands):


	For the Three Months Ended March 31,
	2024		2023
Cost of service revenue	$	473	$	343
Cost of equipment revenue		379		287
Engineering, design and development		982		754
Sales and marketing		997		738
General and administrative		2,009		2,919
Total stock-based compensation expense	$	4,840	$	5,041

401(k) Plan — Under our 401(k) plan, all employees who are eligible to participate are entitled to make tax-deferred contributions, subject to Internal Revenue Service limitations. We match 100% of the employee’s first 4% of contributions made, subject to annual limitations. Our matching contributions were $0.6 million and $0.5 million, respectively, during the three-month periods ended March 31, 2024 and 2023.

Government Assistance - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Jul. 15, 2022
Government Assistance [Line Items]
Reimbursements cost			$ 132,000
Prepaid expenses and other current assets	$ 63,782	$ 64,138
Federal Communications Commission [Member]
Government Assistance [Line Items]
Reimbursements cost			$ 334,000
Prepaid expenses and other current assets	$ 15,200	$ 18,300

Long-Term Debt and Other Liabilities

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Long-Term Debt and Other Liabilities

Long-term debt as of March 31, 2024 and December 31, 2023 was as follows (in thousands):


	March 31,			December 31,
	2024			2023
Term Loan Facility	$	603,085		$	604,797
Less: deferred financing costs		(9,561	)		(10,046	)
Less: current portion of long-term debt		(7,250	)		(7,250	)
Total long-term debt	$	586,274		$	587,501

2021 Credit Agreement

On April 30, 2021, Gogo and Gogo Intermediate Holdings LLC (“GIH”) (a wholly owned subsidiary of Gogo) entered into a credit agreement (the “Original 2021 Credit Agreement,” and, as it may be amended, supplemented or otherwise modified from time

to time, the “2021 Credit Agreement”) among Gogo, GIH, the lenders and issuing banks party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent, which provides for (i) a term loan credit facility (the “Term Loan Facility”) in an aggregate principal amount of $725.0 million, issued with a discount of 0.5%, and (ii) a revolving credit facility (the “Revolving Facility” and together with the Term Loan Facility, the “Facilities”) of up to $100.0 million, which includes a letter of credit sub-facility.

The Term Loan Facility amortizes in nominal quarterly installments equal to one percent of the aggregate initial principal amount thereof per annum, with the remaining balance payable upon final maturity of the Term Loan Facility on April 30, 2028. There are no amortization payments under the Revolving Facility, and all borrowings under the Revolving Facility mature on April 30, 2026.

The Term Loan Facility bears annual interest at a floating rate measured by reference to, at GIH’s option, either (i) an adjusted term secured overnight financing rate as administered by the Federal Reserve Bank of New York (“SOFR”) (subject to a floor of 0.75%) plus an applicable margin of 3.75% and a credit spread adjustment recommended by the Alternative Reference Rates Committee of 0.11%, 0.26% or 0.43% per annum based on 1-month, 3-month or 6-month term SOFR, respectively or (ii) an alternate base rate plus an applicable margin of 2.75%.

Loans outstanding under the Revolving Facility bear annual interest at a floating rate measured by reference to, at GIH’s option, either (i) an adjusted term SOFR rate (subject to a floor of 0.00%) plus an applicable margin ranging from 3.25% to 3.75% per annum depending on GIH’s senior secured first lien net leverage ratio and a credit spread adjustment recommended by the Alternative Reference Rates Committee of 0.11%, 0.26% or 0.43% per annum based on 1-month, 3-month or 6-month term SOFR, respectively or (ii) an alternate base rate plus an applicable margin ranging from 2.25% to 2.75% per annum depending on GIH’s senior secured first lien net leverage ratio. Additionally, unused commitments under the Revolving Facility are subject to a fee ranging from 0.25% to 0.50% per annum depending on GIH’s senior secured first lien net leverage ratio. As of March 31, 2024, the fee for unused commitments under the Revolving Facility was 0.25% and the applicable margin was 3.25%.

The Facilities may be prepaid at GIH’s option at any time without premium or penalty (other than customary breakage costs), subject to minimum principal payment amount requirements.

Subject to certain exceptions and de minimis thresholds, the Term Loan Facility is subject to mandatory prepayments in an amount equal to:

•

100% of the net cash proceeds of certain asset sales, insurance recovery and condemnation events, subject to reduction to 50% and 0% if specified senior secured first lien net leverage ratio targets are met;

•

100% of the net cash proceeds of certain debt offerings; and

•

50% of annual excess cash flow (as defined in the 2021 Credit Agreement), subject to reduction to 25% and 0% if specified senior secured first lien net leverage ratio targets are met.

The 2021 Credit Agreement contains customary representations and warranties and customary affirmative and negative covenants. The negative covenants include restrictions on, among other things: incurrence of indebtedness or issuance of disqualified equity interests; incurrence or existence of liens; consolidations or mergers; activities of Gogo and any subsidiary holding a license issued by the FCC; investments, loans, advances, guarantees or acquisitions; asset sales; dividends or other distributions on equity; purchase, redemption or retirement of capital stock; payment or redemption of certain junior indebtedness; entry into other agreements that restrict the ability to incur liens securing the Facilities; and amendment of organizational documents; in each case subject to customary exceptions.

The Revolving Facility includes a financial covenant set at a maximum senior secured first lien net leverage ratio of 7.50:1.00, which will apply if the outstanding amount of loans and unreimbursed letter of credit drawings thereunder at the end of any fiscal quarter exceeds 35% of the aggregate of all commitments thereunder.

The 2021 Credit Agreement contains customary events of default, which, if any of them occurred, would permit or require the principal, premium, if any, and interest on all of the then outstanding obligations under the Facilities to be due and payable immediately and the commitments under the Revolving Facility to be terminated.

The Revolving Facility is available for working capital and general corporate purposes of GIH and its subsidiaries and was undrawn as of March 31, 2024 and December 31, 2023.

As of March 31, 2024 and December 31, 2023, the outstanding principal amount of the Term Loan Facility was $605.1 million and $606.9 million, respectively, the unaccreted debt discount was $2.0 million and $2.1 million, respectively, and the net carrying amount was $603.1 million and $604.8 million, respectively.

We paid approximately $19.7 million of loan origination and financing costs related to the Facilities which are being accounted for as deferred financing costs on our Unaudited Condensed Consolidated Balance Sheets and are amortized over the terms of the

Facilities. Total amortization expense was $0.6 million for both the three-month periods ended March 31, 2024 and 2023 and is included in interest expense in our Unaudited Condensed Consolidated Statements of Operations. As of March 31, 2024 and December 31, 2023, the balance of unamortized deferred financing costs related to the Facilities was $10.5 million and $11.1 million, respectively.

On April 30, 2021, Gogo, GIH, and each direct and indirect wholly-owned U.S. restricted subsidiary of GIH (Gogo and such subsidiaries collectively, the “Guarantors”) entered into a guarantee agreement (the “Guarantee Agreement”) in favor of Morgan Stanley Senior Funding, Inc., as collateral agent (the “Collateral Agent”), whereby GIH and the Guarantors guarantee the obligations under the Facilities and certain other secured obligations as set forth in the Guarantee Agreement, and GIH and the Guarantors entered into a collateral agreement (the “Collateral Agreement”), in favor of the Collateral Agent, whereby GIH and the Guarantors grant a security interest in substantially all of their respective tangible and intangible assets (including the equity interests in each direct material wholly-owned U.S. restricted subsidiary owned by GIH or any Guarantor, and 65% of the equity interests in any non-U.S. subsidiary held directly by GIH or any Guarantor), subject to certain exceptions, to secure the obligations under the Facilities and certain other secured obligations as set forth in the Collateral Agreement.

Interest Costs (Tables)

3 Months Ended

Mar. 31, 2024

Text Block [Abstract]

Summary of Interest Costs

The following is a summary of our interest costs for the three-month periods ended March 31, 2024 and 2023 (in thousands):


	For the Three Months Ended March 31,
	2024			2023
Interest costs charged to expense	$	13,340		$	14,497
Amortization of deferred financing costs		594			630
Amortization of the purchase price of interest rate caps		781			134
Interest rate cap benefit		(6,405	)		(6,393	)
Accretion of debt discount		100			108
Interest expense		8,410			8,976
Interest costs capitalized to property and equipment		612			497
Interest costs capitalized to software		257			157
Total interest costs	$	9,279		$	9,630

Government Assistance

3 Months Ended

Mar. 31, 2024

Government Assistance [Abstract]

Government Assistance

FCC Reimbursement Program

On July 15, 2022, the Company was notified that it was approved for participation in the FCC Reimbursement Program, designed to reimburse providers of advanced communications services for reasonable costs incurred in the required removal, replacement, and disposal of covered communications equipment or services, that have been deemed to pose a national security risk, from their networks. Pursuant to the FCC Reimbursement Program, the FCC approved up to approximately $334 million in reimbursements to the Company to cover documented and approved costs to (i) remove and securely destroy all ZTE communications equipment and services in the Company’s terrestrial U.S. networks and replace such equipment and (ii) remove and replace certain equipment installed on aircraft operated by the Company’s ATG customers that is not compatible with the terrestrial equipment that will replace ZTE equipment. Due to a shortfall in the amount appropriated by Congress to fund the FCC Reimbursement Program, approximately $132 million of the approved amount is currently allocated to the Company under the program. If Congress appropriates additional funds for this purpose, the allocations of the Company and other approved applicants will be increased pro rata. Program participants are subject to a number of conditions and requirements under the FCC’s rules including a requirement that they submit their first reimbursement request by July 17, 2023 and certify that they have developed a plan to permanently remove, replace and dispose of covered equipment or services within one year following the first reimbursement request. The rules permit

participants to petition the FCC for one or more six-month extensions of the completion deadline. The Company, with the assistance of an advisor engaged to help administer the program, submitted and received its first reimbursement claim in July 2023. The Company’s original one year term to complete the program is set for July 21, 2024, however, based on discussions with our vendors supporting the program regarding lead times for network equipment, we plan to petition the FCC for multiple extensions, as outlined in our application for the FCC Reimbursement Program. On March 29, 2024 the Company was granted its first six-month extension by the FCC extending the program completion deadline to January 21, 2025.

As of March 31, 2024 and December 31, 2023, we have recorded a $15.2 million and $18.3 million receivable from the FCC, respectively, which is included in Prepaid expenses and other current assets in our Unaudited Condensed Consolidated Balance Sheets.

The following are the deductions to the carrying value of asset balances in our Unaudited Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 (in thousands):


	As of March 31,			As of December 31,
	2024			2023
Assets:
Inventories	$	(6,240	)	$	(4,970	)
Prepaids expenses and other current assets		(2,042	)		(1,542	)
Property and equipment, net		(3,690	)		(2,094	)
Intangible assets, net		(651	)		(58	)
Other non-current assets		(7,105	)		(5,542	)

No amounts were recorded to Net income during the three-month period ended March 31, 2023. The following are the increases to Net income in our Unaudited Condensed Consolidated Statements of Operations for the three-month period ended March 31, 2024 (in thousands):


	For the Three Months Ended March 31,
	2024
Revenue:
Service revenue	$	687
Operating expenses:
Cost of service revenue		112
Cost of equipment revenue		2,284
General and administrative		181

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2024	May 02, 2024
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Entity Interactive Data Current	Yes
Entity Central Index Key	0001537054
Document Fiscal Period Focus	Q1
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Entity Registrant Name	Gogo Inc.
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Common Stock, Shares Outstanding		127,104,716
Entity Address, Country	CO
Document Transition Report	false
Document Quarterly Report	true
Securities Act File Number	001-35975
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-1650905
Entity Address, Address Line One	105 Edgeview Dr
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Broomfield
Entity Address, Postal Zip Code	80021
City Area Code	303
Local Phone Number	301-3271
Entity Emerging Growth Company	false
Entity Shell Company	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common stock, par value $0.0001 per share
Trading Symbol	GOGO
Security Exchange Name	NASDAQ
Preferred Stock
Document Information [Line Items]
Title of 12(b) Security	Preferred Stock Purchase Rights
Trading Symbol	GOGO
Security Exchange Name	NASDAQ

Research and Development Costs - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Research and Development [Abstract]
Research and development expense	$ 9.2	$ 7.9

Derivative Instruments and Hedging Activities - Schedule of Notional Amounts Strike Rates and End Dates of the Cap Agreements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	May 31, 2021
Derivative [Line Items]
Notional Amounts		$ 650,000
0.75% due on 7/31/2021
Derivative [Line Items]
Start Date	Jul. 31, 2021
End Date	Jul. 30, 2023
Notional Amounts	$ 650,000
Strike Rate	0.75%
0.75% due on 7/31/2023
Derivative [Line Items]
Start Date	Jul. 31, 2023
End Date	Jul. 30, 2024
Notional Amounts	$ 525,000
Strike Rate	0.75%
1.25% due on 7/31/2024
Derivative [Line Items]
Start Date	Jul. 31, 2024
End Date	Jul. 30, 2025
Notional Amounts	$ 350,000
Strike Rate	1.25%
2.25% due on 7/31/2025
Derivative [Line Items]
Start Date	Jul. 31, 2025
End Date	Jul. 30, 2026
Notional Amounts	$ 250,000
Strike Rate	2.25%
2.75% due on 7/31/2026
Derivative [Line Items]
Start Date	Jul. 31, 2026
End Date	Jul. 30, 2027
Notional Amounts	$ 200,000
Strike Rate	2.75%

Leases - Schedule of Annual Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Operating Leases
2024 (period from April 1 to December 31)	$ 11,646
2025	16,505
2026	16,069
2027	14,513
2028	12,869
Thereafter	31,135
Total future minimum lease payments	102,737
Less: Amount representing interest	(20,274)
Present value of net minimum lease payments	82,463
Accrued liabilities	10,679	$ 10,284
Non-current operating lease liabilities	71,784	$ 73,047
Other non-current liabilities	0
Total lease liabilities	82,463
Financing Leases
2024 (period from April 1 to December 31)	58
2025	62
2026	60
2027	15
2028	0
Thereafter	0
Total future minimum lease payments	195
Less: Amount representing interest	(22)
Present value of net minimum lease payments	173
Accrued liabilities	62
Non-current operating lease liabilities	0
Other non-current liabilities	111
Total lease liabilities	$ 173

Stock-Based Compensation and 401(k) Plan - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Stock options, shares granted	0
Stock options, shares exercised	31,136
Stock options, shares forfeited	0
Stock options, shares expired	13,053
Employee contribution, percentage	100.00%
Percentage of employees contribution matched by the company	4.00%
Employer contribution	$ 0.6	$ 0.5
Restricted Stock Units (RSUs) [Member]
Share units granted	30,908
Share units vested	1,017,609
Share units forfeited	13,436
Fair value of units granted	$ 0.3
Fair value of units granted recognized period	4 years
Deferred Stock Units [Member]
Share units granted	49,256
Share units vested	0
Share unit settled	169,683
Fair value of units granted	$ 0.4
Fair value of units granted recognized period	1 year