Juno 2014 Annual Report Download - page 102
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Table of Contents
In June 2014, the FASB issued ASU No. 2014-12,
. The core principle of the guidance requires that a
performance target that affects vesting and that could be achieved after the requisite service period should be treated as a performance condition. The
amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Early adoption
is permitted. Entities may apply the amendments in ASU No. 2014-12 either: (a) prospectively to all awards granted or modified after the effective date; or
(b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial
statements and to all new or modified awards thereafter. The Company does not expect this update to have a material impact on its consolidated financial
statements.
In August 2014, the FASB issued ASU No. 2014-15,
. The update provides GAAP guidance on management's responsibility in evaluating
whether there is substantial doubt about a company's ability to continue as a going concern and about related footnote disclosures. The amendments in this
update are effective for annual periods ending after December 15, 2016, and for annual periods and interim periods thereafter. Early adoption is permitted.
The Company does not expect this update to have a material impact on its consolidated financial statements.
In November 2014, the FASB issued ASU No. 2014-17, . The amendments in this update
provide an acquired entity with an option to apply pushdown accounting in its separate financial statements upon occurrence of an event in which an
acquirer obtains control of the acquired entity. The amendments in this update became effective on November 18, 2014. After the effective date, an acquired
entity could make an election to apply the guidance to future change-in-control events or to its most recent change-in-control event. However, if the financial
statements for the period in which the most recent change-in-control event occurred already have been issued or made available to be issued, the application
of this guidance would be a change in accounting principle. The Company does not expect this update to have a material impact on its consolidated
financial statements.
Segment revenues and segment income (loss) from operations were as follows (in thousands):
F-20
Services revenues $ 68,727 $ 75,180 $ 143,907
Products revenues 6,254 2,546 8,800
Advertising and other revenues 28,184 37,144 65,328
Total segment revenues $ 103,165 $ 114,870 $ 218,035
Segment income from operations $ 29,194 $ 12,739 $ 41,933