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  "documentTitle": "GTT Communications, Inc. (GTT)",
  "authorId": "60_Wolfpack_Research",
  "authorName": "Wolfpack Research",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-06-06 00:00:00",
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  "notes": "The slide uses tables and a bar chart to demonstrate how GTT extended asset useful lives, leading to a significant drop in amortization expense.",
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      "text": "50% decrease post-Interoute",
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      "text": "The effect of these adjustments is massive, as shown in the chart below:",
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      "text": "GTT also extended the useful lives (or “depreciation periods”) of its PP&E in 2017 and 2018. In 2017, GTT extended the depreciation period for its “network equipment” from “5 years” to “3 to 15 years” without explanation. In 2018, GTT extended the depreciation period for its “fiber optic cable” from “20 years” to “20 to 40 years” again with no explanation. This extension had a material effect on GTT’s depreciation expense – especially considering that most of Interoute’s PP&E is made up of fiber optic cable.",
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      "text": "GTT provided no explanation for these extensions in its filings. We believe that the company should have been required to provide investors an explanation for these extensions, as customer lists make up a material 10.2% portion of GTT's total assets.",
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