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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2016	Jul. 28, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	SHENANDOAH TELECOMMUNICATIONS CO/VA/
Entity Central Index Key	0000354963
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		48,913,327
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 40,571	$ 76,812
Restricted cash	2,167	0
Accounts receivable, net	77,392	29,778
Income taxes receivable	0	7,694
Inventory, net	19,419	4,183
Prepaid expenses and other	18,562	8,573
Deferred income taxes	0	907
Total current assets	158,111	127,947
Investments, including $2,784 and $2,654 carried at fair value	12,526	10,679
Building held for sale	4,950	0
Property, plant and equipment, net	653,523	410,018
Other Assets
Intangible assets, net	464,146	66,993
Goodwill	151,730	10
Deferred charges and other assets, net	10,855	11,504
Other assets, net	626,731	78,507
Total assets	1,455,841	627,151
Current Liabilities
Current maturities of long-term debt, net of unamortized loan fees	20,147	22,492
Accounts payable	27,951	13,009
Advanced billings and customer deposits	23,024	11,674
Accrued compensation	6,020	5,915
Income taxes payable	29,717	0
Accrued liabilities and other	31,615	7,639
Total current liabilities	138,474	60,729
Long-term debt, less current maturities, net of unamortized loan fees	795,426	177,169
Other Long-Term Liabilities
Deferred income taxes	142,181	74,868
Deferred lease payable	9,370	8,142
Asset retirement obligations	15,769	7,266
Other liabilities	50,514	9,039
Total other long-term liabilities	217,834	99,315
Commitments and Contingencies
Shareholders' Equity
Common stock	44,344	32,776
Retained earnings	263,633	256,747
Accumulated other comprehensive income (loss), net of taxes	(3,870)	415
Total shareholders' equity	304,107	289,938
Total liabilities and shareholders' equity	$ 1,455,841	$ 627,151

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current Assets
Investments at fair value	$ 2,784	$ 2,654

- Definition

Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(12))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Trading Securities
-URI http://asc.fasb.org/extlink&oid=6526789

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 320
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-URI http://asc.fasb.org/extlink&oid=27723805&loc=d3e24584-111560

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(2))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
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-URI http://asc.fasb.org/extlink&oid=65884222&loc=d3e22054-111558

Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 944
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-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Available-for-Sale Securities
-URI http://asc.fasb.org/extlink&oid=6505594

+ Details

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) [Abstract]
Operating revenues	$ 130,309	$ 85,701	$ 222,880	$ 169,989
Operating expenses:
Cost of goods and services, exclusive of depreciation and amortization shown separately below	50,296	30,280	82,057	60,970
Selling, general and administrative, exclusive of depreciation and amortization shown separately below	33,694	18,606	55,120	36,718
Integration and acquisition expenses	20,054	402	20,386	1,024
Depreciation and amortization	32,415	17,663	50,154	34,001
Total operating expenses	136,459	66,951	207,717	132,713
Operating income (loss)	(6,150)	18,750	15,163	37,276
Other income (expense):
Interest expense	(5,904)	(1,940)	(7,524)	(3,855)
Gain on investments, net	21	98	109	200
Non-operating income, net	146	442	614	874
Income (loss) before income taxes	(11,887)	17,350	8,362	34,495
Income tax expense (benefit)	(4,892)	6,876	1,477	13,735
Net income (loss)	(6,995)	10,474	6,885	20,760
Other comprehensive income (loss):
Unrealized gain (loss) on interest rate hedge, net of tax	(3,238)	326	(4,285)	(581)
Comprehensive income (loss)	$ (10,233)	$ 10,800	$ 2,600	$ 20,179
Earnings (loss) per share:
Basic (in dollars per share)	$ (0.14)	$ 0.22	$ 0.14	$ 0.43
Diluted (in dollars per share)	$ (0.14)	$ 0.21	$ 0.14	$ 0.42
Weighted average shares outstanding, basic (in shares)	48,830	48,380	48,696	48,343
Weighted average shares outstanding, diluted (in shares)	48,830	49,004	49,415	48,927

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss), Net of Tax [Member]	Total
Balance at Dec. 31, 2014	$ 29,712	$ 227,512	$ 1,122	$ 258,346
Balance (in shares) at Dec. 31, 2014	48,265
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	40,864	0	40,864
Other comprehensive loss, net of tax	0	0	(707)	(707)
Dividends declared ($0.24 per share)	0	(11,629)	0	(11,629)
Dividends reinvested in common stock	$ 544	0	0	544
Dividends reinvested in common stock (in shares)	22
Stock based compensation	$ 2,719	0	0	2,719
Stock options exercised	$ 996	0	0	996
Stock options exercised (in shares)	87
Common stock issued for share awards	$ 0	0	0	0
Common stock issued for share awards (in shares)	212
Common stock issued	$ 11	0	0	11
Common stock issued (in shares)	1
Common stock repurchased	$ (1,885)	0	0	(1,885)
Common stock repurchased (in shares)	(111)
Net excess tax benefit from stock options exercised	$ 679	0	0	679
Balance at Dec. 31, 2015	$ 32,776	256,747	415	289,938
Balance (in shares) at Dec. 31, 2015	48,475
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	6,885	0	6,885
Other comprehensive loss, net of tax	0	0	(4,285)	(4,285)
Stock based compensation	2,404	0	0	2,404
Stock options exercised	$ 2,942	0	0	2,942
Stock options exercised (in shares)	319
Common stock issued for share awards	$ 0	0	0	0
Common stock issued for share awards (in shares)	188
Common stock issued	$ 5	0	0	5
Common stock issued (in shares)	1
Common stock issued to acquire non-controlling interests of nTelos	$ 10,400	0	0	10,400
Common stock issued to acquire non-controlling interests of nTelos (in shares)	76
Common stock repurchased	$ (4,183)	0	0	(4,183)
Common stock repurchased (in shares)	(177)
Balance at Jun. 30, 2016	$ 44,344	$ 263,633	$ (3,870)	$ 304,107
Balance (in shares) at Jun. 30, 2016	48,883

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical)	12 Months Ended
	Dec. 31, 2015 $ / shares
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY [Abstract]
Dividends declared per share (in dollars per share)	$ 0.24

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash Flows From Operating Activities
Net income	$ 6,885	$ 20,760
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	42,753	33,189
Amortization reflected as operating expense	7,401	812
Amortization reflected as contra revenue	3,290	0
Provision for bad debt	752	905
Straight line adjustment to reduce management fee revenue	3,406	0
Stock based compensation expense	1,957	1,430
Excess tax benefits on stock awards	0	(450)
Deferred income taxes	(53,238)	(3,656)
Net loss on disposal of equipment	12	227
Unrealized (gain) on investments	(83)	(54)
Net gains from patronage and equity investments	(315)	(385)
Amortization of long term debt issuance costs	1,205	289
Other	2,120	647
(Increase) decrease in:
Accounts receivable	(4,332)	(339)
Inventory, net	(11,424)	(414)
Income taxes receivable	7,694	14,752
Other assets	2,066	(3,421)
Increase (decrease) in:
Accounts payable	5,529	(2,911)
Income taxes payable	34,195	499
Deferred lease payable	1,228	506
Other deferrals and accruals	9,692	(2,116)
Net cash provided by operating activities	60,793	60,270
Cash Flows From Investing Activities
Acquisition of property, plant and equipment	(60,123)	(25,135)
Proceeds from sale of equipment	185	52
Cash distributions from investments	53	3
Cash disbursed for acquisition, net of cash acquired	(654,832)	0
Net cash used in investing activities	(714,717)	(25,080)
Cash Flows From Financing Activities
Principal payments on long-term debt	(201,257)	(11,500)
Amounts borrowed under debt agreements	835,000	0
Cash paid for debt issuance costs	(14,825)	0
Excess tax benefits on stock awards	0	450
Repurchases of common stock	(4,183)	(1,450)
Proceeds from issuances of common stock	2,948	530
Net cash provided by/(used in) financing activities	617,683	(11,970)
Net increase (decrease) in cash and cash equivalents	(36,241)	23,220
Cash and cash equivalents:
Beginning	76,812	68,917
Ending	40,571	92,137
Cash payments for:
Interest	6,659	3,782
Income taxes paid, net of refunds received	$ 12,796	$ 2,139

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Other cash flow information:
Capital expenditures	$ 5,200	$ 1,200
Common stock issued to acquire non-controlling interests of nTelos	10,400
Unamortized loan allocation to long-term debt current maturities	$ 4,300

Basis of Presentation

6 Months Ended

Jun. 30, 2016

Basis of Presentation [Abstract]

Basis of Presentation

1.	Basis of Presentation

The interim condensed consolidated financial statements of Shenandoah Telecommunications Company and Subsidiaries (collectively, the “Company”) are unaudited. In the opinion of management, all adjustments necessary for a fair presentation of the interim results have been reflected therein. All such adjustments were of a normal and recurring nature. These financial statements should be read in conjunction with the audited consolidated financial statements and related notes in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. The accompanying balance sheet information at December 31, 2015 was derived from the audited December 31, 2015 consolidated balance sheet. Operating revenues and income from operations for any interim period are not necessarily indicative of results that may be expected for the entire year.

In connection with the nTelos acquisition and exchange transaction with Sprint (see Note 2), the Company has added the following significant accounting policies:

Revenue Recognition

Under the Company’s amended affiliate agreement, Sprint agreed to waive the management fee, which is historically presented as a contra-revenue by the Company, for a period of approximately six years. The impact of Sprint’s waiver of the management fee over the approximate six-year period is reflected as an increase in revenue, offset by the non-cash adjustment to recognize this impact on a straight-line basis over the contract term of approximately 14 years.

Goodwill

Goodwill is not amortized but is tested for impairment on at least an annual basis. Impairment testing is required more often than annually if an event or circumstance indicates that impairment is more likely than not to have occurred. In conducting its annual impairment testing, the Company may first perform a qualitative assessment of whether it is more likely than not that a reporting unit’s fair value is less than its carrying amount. If not, no further goodwill impairment testing is required. If it is more likely than not that a reporting unit’s fair value is less than its carrying amount, or if the Company elects not to perform a qualitative assessment of a reporting unit, the Company then compares the fair value of the reporting unit to the related net book value. If the net book value of a reporting unit exceeds its fair value, an impairment loss is measured and recognized. The Company conducts its annual impairment testing of goodwill as of October 1.

Pension Benefits and Retirement Benefits Other Than Pensions

Through the Company’s acquisition of nTelos, the Company assumed nTelos’ non-contributory defined benefit pension plan (“Pension Plan”) covering all employees who met eligibility requirements and were employed by nTelos prior to October 1, 2003. The Pension Plan was closed to nTelos employees hired on or after October 1, 2003. Pension benefits vest after five years of plan service and are based on years of service and an average of the five highest consecutive years of compensation subject to certain reductions if the employee retires before reaching age 65 and elects to receive the benefit prior to age 65. Effective December 31, 2012, nTelos froze future benefit accruals. The Company uses updated mortality tables published by the Society of Actuaries that predict increasing life expectancies in the United States.

IRC Sections 412 and 430 and Sections 302 and 303 of the Employee Retirement Income Security Act of 1974, as amended establish minimum funding requirements for defined benefit pension plans. The minimum required contribution is generally equal to the target normal cost plus the shortfall amortization installments for the current plan year and each of the six preceding plan years less any calculated credit balance. If plan assets (less calculated credits) are equal to or exceed the funding target, the minimum required contribution is the target normal cost reduced by the excess funding, but not below zero. The Company’s policy is to make contributions to stay at or above the threshold required in order to prevent benefit restrictions and related additional notice requirements and is intended to provide not only for benefits based on service to date, but also for those expected to be earned in the future. The Company also assumed two qualified nonpension postretirement benefit plans that provide certain health care and life benefits for nTelos retired employees that meet eligibility requirements. The health care plan is contributory, with participants’ contributions adjusted annually. The life insurance plan also is contributory. These obligations, along with all of the pension plans and other postretirement benefit plans, are obligations assumed by the Company. Eligibility for the life insurance plan is restricted to active pension participants age 50-64 as of January 5, 1994. Neither plan is eligible to employees hired after April 1993. The accounting for the plans anticipates that the Company will maintain a consistent level of cost sharing for the benefits with the retirees. The Company’s share of the projected costs of benefits that will be paid after retirement is generally being accrued by charges to expense over the eligible employees’ service periods to the dates they are fully eligible for benefits.

The Company records annual amounts relating to the Pension Plan and postretirement benefit plans based on calculations that incorporate various actuarial and other assumptions, including discount rates, mortality, assumed rates of return, turnover rates and healthcare cost trend rates. The Company reviews its assumptions on an annual basis and makes modifications to the assumptions based on current rates and trends when it is appropriate to do so. The effect of modifications to those assumptions is recorded in accumulated other comprehensive income (loss) and amortized to net periodic cost over future periods using the corridor method.

Acquisition of NTELOS Holdings Corp. and Exchange with Sprint

6 Months Ended

Jun. 30, 2016

Acquisition of NTELOS Holdings Corp. and Exchange with Sprint [Abstract]

Acquisition of NTELOS Holdings Corp. and Exchange with Sprint

2.	Acquisition of NTELOS Holdings Corp. and Exchange with Sprint

On May 6, 2016, the Company completed its previously announced acquisition of NTELOS Holdings Corp. (“nTelos”) for $663.7 million in cash, net of cash acquired. The purchase price was financed by a credit facility arranged by CoBank, ACB (see Note 14). The Company has included the operations of nTelos for financial reporting purposes for the period subsequent to the acquisition. The Company has accounted for the acquisition of nTelos under the acquisition method of accounting, in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805, “Business Combinations”, and will account for any measurement period adjustments under Accounting Standards Update (“ASU”) 2015-16, “Simplifying the Accounting for Measurement Period Adjustments”. Under the acquisition method of accounting, the total purchase price is allocated to the tangible and intangible assets acquired and liabilities assumed in connection with the acquisition based on their estimated fair values.

The preliminary allocation of the purchase price was based upon management’s preliminary valuation of the fair value of tangible and intangible assets acquired and liabilities assumed of nTelos, with the excess recorded as goodwill. (in thousands):

Accounts receivable	$	48,476
Inventory		3,810
Restricted cash		2,167
Investments		1,501
Prepaids expenses and other assets		14,835
Building held for sale		4,950
Property, plant and equipment		223,900
Spectrum licenses		198,200
Customer based contract rights		198,200
Contract based intangible assets		11,000
Goodwill		151,627
Other long term assets		10,288
Total assets acquired	$	868,954

Accounts payable	$	8,648
Advanced billings and customer deposits		12,477
Accrued expenses		25,230
Capital lease liability		418
Deferred tax liabilities		124,964
Retirement benefits		19,461
Other long-term liabilities		14,056
Total liabilities assumed		205,254

Net assets acquired	$	663,700

Finalization of the purchase price allocations is dependent on final review and acceptance of the independent appraiser’s valuation report.

Immediately after acquiring nTelos, Shenandoah Personal Communications, LLC, (“PCS”) a wholly-owned subsidiary of the Company, completed its previously announced transaction with SprintCom, Inc., an affiliate of Sprint Corporation (“Sprint”). Pursuant to this transaction, among other things, the Company exchanged spectrum licenses valued at $198.2 million and customer based contract rights, valued at $198.2 million, acquired from nTelos with Sprint, and received an expansion of its affiliate service territory to include most of the service area served by nTelos, valued at $258.1 million, as well as additional customer based contract rights, valued at $138.3 million, relating to nTelos’ and Sprint’s legacy customers in the Company’s affiliate service territory. These exchanges were accounted for in accordance with ASC 845, “Nonmonetary Transactions”.

The value of the affiliate agreement expansion is based on changes to the amended affiliate agreement that include:

●

an increase in the price to be paid by Sprint from 80% to 90% of the entire business value of PCS if the affiliate agreement is not renewed;

●

extension of the affiliate agreement with Sprint by five years to 2029;

●

expanded territory in the nTelos service area;

●

rights to serve all future Sprint customers in the affiliate service territory;

●

the Company’s commitment to upgrade certain coverage and capacity in its newly acquired service area; and

●

a reduction of the management fee charged by Sprint under the amended affiliate agreement; not to exceed $4.2 million in an individual month until the total waived fee equals $251.8 million, as well as an additional waiver of the management fee charged with respect to the former nTelos customers until the earlier of migration to the Sprint back-office billing and related systems or six months following the acquisition; not to exceed $5.0 million.

Intangible assets resulting from the acquisition of nTelos and the Sprint exchange, both described above, are noted below (dollars in thousands):

	Useful Life	Basis
Affiliate contract agreement	14 years	$	258,100
Customer based contract rights	4-10 years		138,300
Contract based intangible assets	3-19 years		11,000

The affiliate contract agreement intangible asset will be amortized on a straight-line basis and recorded as a contra-revenue over the 14 year contract term. The other contract based intangible assets will be amortized on a straight-line basis and recorded through amortization expense. The customer based contract rights will be amortized over the life of the customers, gradually decreasing over the expected life of this asset, and recorded through amortization expense.

The Company has recorded goodwill in its Wireless segment as a result of the nTelos acquisition. This goodwill is not amortizable for tax purposes, as the Company acquired the common stock of nTelos.

Prior to the acquisition, nTelos was eligible to receive up to $5.0 million in connection with its winning bid in the Connect America Fund's Mobility Fund Phase I Auction ("Auction 901"). Pursuant to the terms of Auction 901, nTelos obtained a Letter of Credit (“LOC”) in the amount of $2.2 million for the benefit of the Universal Service Administrative Company (“USAC”) to cover each disbursement plus the amount of the performance default penalty (10% of the total eligible award). In accordance with the terms of the LOC, nTelos deposited $2.2 million into a separate account at the issuing bank to serve as cash collateral and is presented as restricted cash. Such funds will be released to the Company when the LOC is terminated without being drawn upon by USAC.

At the time of the acquisition, certain third party investors held a non-controlling interest in one of nTelos’ subsidiaries. Immediately after the acquisition of nTelos, the Company acquired these interests in exchange for 380,000 shares of Company common stock, to be paid in five equal installments, with the first installment paid immediately and the remaining four to be paid over the next four years. This transaction was valued at $10.4 million.

In connection with the acquisition, at closing, the Company borrowed $810.0 million in term loans with a weighted average effective interest rate of approximately 3.84%. The proceeds were used to finance in part the acquisition, including the repayment of the Company’s term loan of $195.5 million, and the repayment of nTelos’ term loans at the outstanding principal amount of $519.7 million, without penalty.

Following are the unaudited pro forma results of the Company for the three and six months ended June 30, 2016 and 2015 as if the acquisition of nTelos had occurred at the beginning of each of the periods presented (in millions):

	Three Months Ended June 30,
	2016			2015
Operating revenues	$	161.1		$	170.1
Income (loss) before income taxes	$	(7.5	)	$	13.6

	Six Months Ended June 30,
	2016		2015
Operating revenues	$	334.4	$	342.8
Income before income taxes	$	9.4	$	37.1

The pro forma disclosures shown above are based upon estimated preliminary valuations of the assets acquired and liabilities assumed as well as preliminary estimates of depreciation and amortization charges thereon, that may differ from the final fair values of the acquired assets and assumed liabilities and the resulting depreciation and amortization charges thereon. Other pro forma adjustments include the following:

●

changes in nTelos’ reported revenues from cancelling nTelos’ wholesale contract with Sprint;

●

the incorporation of the Sprint-homed customers formerly serviced under the wholesale agreement into the Company’s affiliate service territory under the Company’s affiliate agreement with Sprint;

●

the effect of other changes to revenues and expenses due to various provisions of the affiliate agreement, including fees charged under the affiliate agreement on revenues from former nTelos customers, a reduction of the net service fee charged by Sprint, the straight-line impact of the waived management fee, and the amortization of the affiliate agreement expansion intangible asset; and the elimination of non-recurring transaction related expenses incurred by the Company and nTelos;

●

the elimination of certain nTelos operating costs associated with billing and care that are covered under the fees charged by Sprint under the affiliate agreement;

●

historical depreciation expense was reduced for the fair value adjustment decreasing the basis of property, plant and equipment; this decrease was offset by a shorter estimated useful life to conform to the Company’s standard policy and the acceleration of depreciation on certain equipment; and

●

incremental amortization due to the customer-based contract rights associated with acquired customers.

In connection with these transactions, the Company committed to Sprint to migrate the former nTelos customers to devices which can interact with the Sprint billing and network systems and to maintain the nTelos billing, customer care and switching systems until the migration is complete, and expects to incur a total of between $106 million and $126 million of integration and acquisition expenses associated with this transaction, excluding approximately $24 million of debt issuance costs. These costs include the nTelos back office staff and support functions until the nTelos legacy customers are migrated to the Sprint billing platform; cost of handsets to be provided to nTelos legacy customers as they migrate to the Sprint billing platform; severance costs for back office and other former nTelos employees who will not be retained permanently; and transaction related fees. The Company has incurred $22.4 million and $22.7 million of these costs in the three months and six months ended June 30, 2016, respectively, including $0.3 million reflected in cost of goods and services and $2.0 million reflected in selling, general and administrative costs in both the three and six month periods ended June 30, 2016.

The amounts of operating revenue and income or loss before income taxes related to the former nTelos entity are not readily determinable due to intercompany transactions, allocations and integration activities that have occurred in connection with the operations of the combined company.

Former nTelos stockholders who held approximately one million shares of nTelos’ common stock have exercised their appraisal rights under Delaware law with respect to the merger consideration of $9.25 per share paid pursuant to the nTelos acquisition. The Company has recorded a payable for the $9.3 million aggregate remaining purchase price due based upon the terms of the merger agreement with nTelos. At this time, the Company is unable to determine an estimate of any final outcome of the appraisal action or the expected timing of resolving the appraisal action. Under Delaware law, the former nTelos stockholders will be entitled to interest at the rate of 6.1% per annum on the unpaid amount when the appraisal action is resolved.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
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+ Details

Intangible assets

6 Months Ended

Jun. 30, 2016

Intangible assets [Abstract]

Intangible assets

3.	Intangible assets

Intangible assets consisted of the following (in thousands):

			June 30, 2016					December 31, 2015
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Non-amortizing intangibles:
Cable franchise rights	$	64,374	$	-		$	64,374	$	64,098	$	-		$	64,098

Finite-lived intangibles:
Affiliate contract expansion rights	$	258,100	$	(3,290	)	$	254,810	$	-	$	-		$	-
Acquired subscribers – wireless		138,300		(6,647	)		131,653		-		-			-
Favorable leases – wireless		11,000		(183	)		10,817		-		-			-
Acquired subscribers – cable		25,265		(24,246	)		1,019		25,326		(23,805	)		1,521
Other intangibles		2,168		(695	)		1,473		1,938		(564	)		1,374
Total finite-lived intangibles	$	434,833	$	(35,061	)	$	399,772	$	27,264	$	(24,369	)		2,895
Total intangible assets	$	499,207	$	(35,061	)	$	464,146	$	91,362	$	(24,369	)	$	66,993

Aggregate amortization expense for intangible assets for the periods shown is expected to be as follows:

Year Ending December 31,	Amount
	(in thousands)
2016 Remaining	$	26,061
2017		48,574
2018		41,377
2019		36,619
2020		33,363
2021		30,116
thereafter		183,662
Total	$	399,772

Changes in the carrying amount of goodwill during the six months ended June 30, 2016 are shown below (in thousands):

Goodwill as of December 31, 2015, Wireline segment	$	10
Goodwill recorded January 2016, Cable segment, Colane acquisition		93
Goodwill recorded May 2016, Wireless segment, nTelos acquisition		151,627
Goodwill as of June 30, 2016	$	151,730

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Property, Plant and Equipment

6 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

4.	Property, Plant and Equipment

Property, plant and equipment consisted of the following (in thousands):

	June 30, 2016		December 31, 2015
Plant in service	$	964,601	$	718,503
Plant under construction		75,949		36,600
		1,040,550		755,103
Less accumulated amortization and depreciation		387,027		345,085
Net property, plant and equipment	$	653,523	$	410,018

Earnings (loss) per share

6 Months Ended

Jun. 30, 2016

Earnings (loss) per share [Abstract]

Earnings (loss) per share

5.	Earnings (loss) per share

Basic net income (loss) per share was computed on the weighted average number of shares outstanding. Diluted net income per share was computed under the treasury stock method, assuming the conversion as of the beginning of the period, for all dilutive stock options. Of 964 thousand and 696 thousand shares and options outstanding at June 30, 2016 and 2015, respectively, 22 thousand and 79 thousand were anti-dilutive, respectively. These shares and options have been excluded from the computations of diluted earnings per share for the six months ended June 30, 2016, and the three and six month periods ended June 30, 2015. Due to the net loss for the three months ended June 30, 2016, no adjustment was made to basic shares, as such adjustment would have been anti-dilutive. There were no adjustments to net income for either period.

Investments Carried at Fair Value

6 Months Ended

Jun. 30, 2016

Investments Carried at Fair Value [Abstract]

Investments Carried at Fair Value

6.	Investments Carried at Fair Value

Investments include $2.8 million and $2.7 million of investments carried at fair value as of June 30, 2016 and December 31, 2015, respectively, consisting of equity, bond and money market mutual funds. Investments carried at fair value were acquired under a rabbi trust arrangement related to the Company’s nonqualified Supplemental Executive Retirement Plan (the “SERP”). The Company purchases investments in the trust to mirror the investment elections of participants in the SERP; gains and losses on the investments in the trust are reflected as increases or decreases in the liability owed to the participants. During the six months ended June 30, 2016, the Company recognized $153 thousand in dividend and interest income from investments, and recorded net unrealized gains of $83 thousand on these investments. Fair values for these investments held under the rabbi trust were determined by Level 1 quoted market prices for the underlying mutual funds.

- 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

Equipment Installment Plan Receivables

6 Months Ended

Jun. 30, 2016

Equipment Installment Plan Receivables [Abstract]

Equipment Installment Plan Receivables

7.	Equipment Installment Plan Receivables

As part of the acquisition of nTelos, the Company assumed the accounts receivable associated with nTelos’ Equipment Installment Plan, (“EIP”). This plan allowed EIP subscribers to pay for their devices in installments over a 24-month period. At the time of an installment sale, nTelos imputed interest on the installment receivable using current market interest rate estimates ranging from approximately 5% to 10%. Additionally, the customer had the right to trade in their original device after a specified period of time for a new device and have the remaining unpaid balance satisfied. This trade-in right was measured at the estimated fair value of the device being traded in based on current trade-in values and the timing of the trade-in.

Immediately following the acquisition, the Company terminated the EIP offering but has continued to service the installment receivable and trade in obligation until such time that the customer migrates to Sprint. The accounts receivable associated with EIP and the trade-in liability were estimated at its fair value at acquisition date in accordance with ASC 805, “Business Combinations”.

There was $26.0 million of EIP receivables as of June 30, 2016. The short term portion of $19.5 million is included in accounts receivable, net. The long term portion of $6.5 million is included in deferred charges and other assets, net.

As of June 30, 2016, the liability associated with the trade-in right was $5.3 million, and is reflected in accrued liabilities and other and other long term liabilities.

Financial Instruments

6 Months Ended

Jun. 30, 2016

Financial Instruments [Abstract]

Financial Instruments

8.	Financial Instruments

Financial instruments on the consolidated balance sheets that approximate fair value include: cash and cash equivalents, receivables, investments carried at fair value, payables, accrued liabilities, interest rate swaps and variable rate long-term debt.

Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2016

Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income (Loss) [Abstract]

Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income (Loss)

9.	Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income (Loss)

The Company’s objectives in using interest rate derivatives are to add stability to cash flows and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps (both those designated as cash flow hedges as well as those not designated as cash flow hedges) involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount.

The Company entered into a pay-fixed, receive-variable interest rate swap of $174.6 million of notional principal in September 2012. This interest rate swap was designated as a cash flow hedge. The total outstanding notional amount of the cash flow hedge was $144.1 million as of June 30, 2016. The outstanding notional amount decreases as the Company makes scheduled principal payments on the debt.

In May 2016, the Company entered into a pay-fixed, receive-variable interest rate swap of $256.6 million of notional principal with three counterparties. This interest rate swap was designated as a cash flow hedge. The total outstanding notional amount of the cash flow hedge was $273.4 million as of June 30, 2016. The outstanding notional amount increases with each expected draw on the term debt and decreases as the Company makes scheduled principal payments on the debt. In combination with the swap entered into in 2012 described above, the Company is hedging approximately 50% of the expected outstanding debt (including expected draws under the delayed draw term loan) associated with the nTelos acquisition.

The effective portion of changes in the fair value of interest rate swaps designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income (loss) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The Company uses its derivatives to hedge the variable cash flows associated with existing variable-rate debt. The ineffective portion of the change in fair value of the derivative is recognized directly in earnings through interest expense. No hedge ineffectiveness was recognized during any of the periods presented.

Amounts reported in accumulated other comprehensive income (loss) related to the interest rate swaps designated and qualified as a cash flow hedge, are reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. As of June 30, 2016, the Company estimates that $3.0 million will be reclassified as an increase to interest expense during the next twelve months due to the interest rate swaps since the hedge interest rate exceeds the variable interest rate on the debt.

The table below presents the fair value of the Company’s derivative financial instrument as well as its classification on the condensed consolidated balance sheet as of June 30, 2016 and December 31, 2015 (in thousands):

	Derivatives
		Fair Value as of
	Balance Sheet Location	June 30, 2016			December 31, 2015

Derivatives designated as hedging instruments:
Interest rate swap
	Accrued liabilities and other	$	(3,016	)	$	(682	)
	Other liabilities		(3,502	)		-
	Deferred charges and other assets, net		-			1,370
Total derivatives designated as hedging instruments		$	(6,518	)	$	688

The fair value of interest rate swaps is determined using a pricing model with inputs that are observable in the market (level 2 fair value inputs).

The table below presents change in accumulated other comprehensive income (loss) by component for the six months ended June 30, 2016 (in thousands):

	Gains and (Losses) on Cash Flow Hedges			Income Tax (Expense) Benefit			Accumulated Other Comprehensive Income (Loss)
Balance as of December 31, 2015	$	688		$	(273	)	$	415
Other comprehensive loss before reclassifications		(7,997	)		3,243			(4,754	)
Amounts reclassified from accumulated other comprehensive income (to interest expense)		791			(322	)		469
Net current period other comprehensive loss		(7,206	)		2,921			(4,285	)
Balance as of June 30, 2016	$	(6,518	)	$	2,648		$	(3,870	)

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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+ Details

Other Liabilities

6 Months Ended

Jun. 30, 2016

Other Liabilities [Abstract]

Other Liabilities

10.	Other liabilities

Other liabilities include the following (in thousands):

	June 30, 2016		December 31, 2015
Retirement plan obligations	$	21,982	$	2,654
Due to dissenting shareholder		9,436		-
Non-current portion of deferred revenues		8,968		4,156
Other		10,128		2,229
Other liabilities	$	50,514	$	9,039

Segment Information

6 Months Ended

Jun. 30, 2016

Segment Information [Abstract]

Segment Information

11.	Segment Information

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker. The Company has three reportable segments, which the Company operates and manages as strategic business units organized by lines of business: (1) Wireless, (2) Cable, and (3) Wireline. A fourth segment, Other, primarily includes Shenandoah Telecommunications Company, the parent holding company.

The Wireless segment has provided digital wireless service to a portion of a four-state area covering the region from Harrisburg, York and Altoona, Pennsylvania, to Harrisonburg, Virginia, as a Sprint PCS Affiliate. With the recent acquisition of nTelos (see Note 2), the Company’s wireless service area has expanded to include south-central and western Virginia, West Virginia, and small portions of Kentucky and Ohio. This segment also owns cell site towers built on leased land, and leases space on these towers to both affiliates and non-affiliated service providers.

The Cable segment provides video, internet and voice services in Virginia, West Virginia and Maryland, and leases fiber optic facilities throughout southern Virginia and West Virginia. It does not include video, internet and voice services provided to customers in Shenandoah County, Virginia.

The Wireline segment provides regulated and unregulated voice services, DSL internet access, and long distance access services throughout Shenandoah County and portions of Rockingham, Frederick, Warren and Augusta counties, Virginia. The segment also provides video and cable modem services in portions of Shenandoah County, and leases fiber optic facilities throughout the northern Shenandoah Valley of Virginia, northern Virginia and adjacent areas along the Interstate 81 corridor through West Virginia, Maryland and portions of central and southern Pennsylvania.

Three months ended June 30, 2016 (in thousands)
	Wireless		Cable		Wireline		Other			Eliminations			Consolidated Totals
External revenues
Service revenues	$	86,873	$	24,167	$	4,820	$	-		$	-		$	115,860
Other		6,280		1,923		6,246		-			-			14,449
Total external revenues		93,153		26,090		11,066		-			-			130,309
Internal revenues		1,141		311		7,525		-			(8,977	)		-
Total operating revenues		94,294		26,401		18,591		-			(8,977	)		130,309

Operating expenses
Costs of goods and services, exclusive of depreciation and amortization shown separately below		35,236		14,564		8,808		-			(8,312	)		50,296
Selling, general and administrative, exclusive of depreciation and amortization shown separately below		23,010		4,794		1,670		4,885			(665	)		33,694
Integration and acquisition expenses		5,276		-		-		14,778			-			20,054
Depreciation and amortization		23,495		5,879		2,933		108			-			32,415
Total operating expenses		87,017		25,237		13,411		19,771			(8,977	)		136,459
Operating income (loss)	$	7,277	$	1,164	$	5,180	$	(19,771	)	$	-		$	(6,150	)

Three months ended June 30, 2015 (in thousands)
	Wireless		Cable			Wireline		Other			Eliminations			Consolidated Totals
External revenues
Service revenues	$	48,749	$	22,117		$	4,889	$	-		$	-		$	75,755
Other		2,848		1,850			5,248		-			-			9,946
Total external revenues		51,597		23,967			10,137		-			-			85,701
Internal revenues		1,105		186			6,326		-			(7,617	)		-
Total operating revenues		52,702		24,153			16,463		-			(7,617	)		85,701

Operating expenses
Costs of goods and services, exclusive of depreciation and amortization shown separately below		15,903		13,635			7,677		(16	)		(6,919	)		30,280
Selling, general and administrative, exclusive of depreciation and amortization shown separately below		8,917		5,084			1,736		3,567			(698	)		18,606
Integration and acquisition expenses		-		-			-		402			-			402
Depreciation and amortization		8,612		5,859			3,083		109			-			17,663
Total operating expenses		33,432		24,578			12,496		4,062			(7,617	)		66,951
Operating income (loss)	$	19,270	$	(425	)	$	3,967	$	(4,062	)	$	-		$	18,750

Six months ended June 30, 2016 (in thousands)
	Wireless		Cable		Wireline		Other			Eliminations			Consolidated Totals
External revenues
Service revenues	$	139,052	$	48,507	$	9,779	$	-		$	-		$	197,338
Other		9,484		3,768		12,290		-			-			25,542
Total external revenues		148,536		52,275		22,069		-			-			222,880
Internal revenues		2,276		572		14,901		-			(17,749	)		-
Total operating revenues		150,812		52,847		36,970		-			(17,749	)		222,880

Operating expenses
Costs of goods and services, exclusive of depreciation and amortization shown separately below		51,815		29,210		17,450		-			(16,418	)		82,057
Selling, general and administrative, exclusive of depreciation and amortization shown separately below		34,524		9,902		3,275		8,750			(1,331	)		55,120
Integration and acquisition expenses		5,276		-		-		15,110						20,386
Depreciation and amortization		31,988		11,974		5,967		225			-			50,154
Total operating expenses		123,603		51,086		26,692		24,085			(17,749	)		207,717
Operating income (loss)	$	27,209	$	1,761	$	10,278	$	(24,085	)	$	-		$	15,163

Six months ended June 30, 2015 (in thousands)
	Wireless		Cable			Wireline		Other			Eliminations			Consolidated Totals
External revenues
Service revenues	$	97,124	$	43,518		$	9,639	$	-		$	-		$	150,281
Other		5,878		3,613			10,217		-			-			19,708
Total external revenues		103,002		47,131			19,856		-			-			169,989
Internal revenues		2,209		334			12,192		-			(14,735	)		-
Total operating revenues		105,211		47,465			32,048		-			(14,735	)		169,989

Operating expenses
Costs of goods and services, exclusive of depreciation and amortization shown separately below		32,090		27,253			15,011		-			(13,384	)		60,970
Selling, general and administrative, exclusive of depreciation and amortization shown separately below		17,969		9,976			3,234		6,890			(1,351	)		36,718
Integration and acquisition expenses		-		-			-		1,024						1,024
Depreciation and amortization		16,444		11,338			6,007		212			-			34,001
Total operating expenses		66,503		48,567			24,252		8,126			(14,735	)		132,713
Operating income (loss)		38,708		(1,102	)		7,796		(8,126	)		-			37,276

A reconciliation of the total of the reportable segments’ operating income (loss) to consolidated income (loss) before taxes is as follows:

	Three Months Ended June 30,
(in thousands)	2016			2015
Total consolidated operating income (loss)	$	(6,150	)	$	18,750
Interest expense		(5,904	)		(1,940	)
Non-operating income, net		167			540
Income (loss) before income taxes	$	(11,887	)	$	17,350

	Six Months Ended June 30,
	2016			2015
Total consolidated operating income (loss)	$	15,163		$	37,276
Interest expense		(7,524	)		(3,855	)
Non-operating income, net		723			1,074
Income before income taxes	$	8,362		$	34,495

The Company’s assets by segment are as follows:

(in thousands)	June 30, 2016			December 31, 2015
Wireless	$	1,142,459		$	205,718
Cable		210,542			209,132
Wireline		111,728			105,369
Other		1,083,152			463,390
Combined totals		2,547,881			983,609
Inter-segment eliminations		(1,092,040	)		(356,458	)
Consolidated totals	$	1,455,841		$	627,151

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 41
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
-Topic 280
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Income Taxes

6 Months Ended

Jun. 30, 2016

Income Taxes [Abstract]

Income Taxes

12.	Income Taxes

The Company files U.S. federal income tax returns and various state and local income tax returns. With few exceptions, years prior to 2012 are no longer subject to examination. The Company is not subject to any state or federal income tax audits as of June 30, 2016.

Adoption of New Accounting Principles

6 Months Ended

Jun. 30, 2016

Adoption of New Accounting Principles [Abstract]

Adoption of New Accounting Principles

13.	Adoption of New Accounting Principles

During 2016, the Company adopted four recent accounting principles: Accounting Standards Update 2015-03, “Interest – Imputation of Interest” (ASU 2015-03), ASU 2015-17, “Balance Sheet Classification of Deferred Taxes”, ASU 2016-09, “Improvements to Employee Share-based Payment Accounting,” and ASU 2015-16, “Simplifying the Accounting for Measurement-Period Adjustments.”

ASU 2015-03 requires that premiums, discounts, and loan fees and costs associated with long term debt be reflected as a reduction of the outstanding debt balance. Previous guidance had treated such loan fees and costs as a deferred charge on the balance sheet. As a result of implementing ASU 2015-03, the Company reclassified $1.6 million of unamortized loan fees and costs included in deferred charges and other assets as of December 31, 2015 to long-term debt. Approximately $0.5 million was allocated to current maturities of long-term debt, and $1.1 million to long term debt. Total assets, as well as total liabilities and shareholders’ equity, were also reduced by the same $1.6 million. In addition, the Company reclassified $4.3 million of unamortized loan fees and costs included in deferred charges and other assets to long term debt in connection with the new Term loan A-1 and A-2 borrowing related to the acquisition of nTelos. Total assets, as well as total liabilities and shareholders’ equity, were also reduced by the same $4.3 million. There was no impact on the statements of income or cash flows.

ASU 2015-17 simplifies accounting for deferred taxes by eliminating the requirement to present deferred tax assets and liabilities as current and non-current in a classified balance sheet. Due to the immaterial balance of current deferred tax assets ($0.9 million as of December 31, 2015), the Company has elected to apply this guidance prospectively, and thus prior periods have not been retrospectively adjusted.

ASU 2016-09 simplifies certain provisions related to the accounting for the tax effects of stock-based compensation transactions. In particular for the Company, it eliminates the requirement to determine for each award whether the difference between book compensation and tax compensation results in an excess tax benefit or a tax deficiency, which generally speaking, result in an entry to additional paid-in-capital. Under the new guidance, all tax effects for exercised or vested awards are recognized as discrete items in income tax expense. The new guidance also allows an employer to withhold shares to cover more than the minimum statutory withholding taxes (but not more than the maximum statutory withholding requirements) without causing an equity-classified award to become a liability classified award. The other provisions of the new guidance are either not applicable or have no significant impact on the Company’s accounting for stock-based compensation transactions. The Company has elected to early adopt the new guidance and apply it prospectively to tax effects on share-based compensation transactions.

ASU 2015-16 requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined.

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=66092750

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-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6523989

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

Long-term Debt and Revolving Line of Credit

6 Months Ended

Jun. 30, 2016

Long-term debt and revolving line of credit [Abstract]

Long-term debt and revolving line of credit

14.	Long-term Debt and Revolving Line of Credit

Total debt consists of the following:

(In thousands)	June 30, 2016		December 31, 2015

Term loan A	$	-	$	201,250
Term loan A-1		485,000		-
Term loan A-2		350,000		-
Capital lease outstanding		413		-
		835,413		201,250
Less: unamortized loan fees		19,840		1,589
Total debt, net of unamortized loan fees	$	815,573	$	199,661

Current maturities, net of unamortized loan fees	$	20,147	$	22,492
Long-term debt, net of unamortized loan fees	$	795,426	$	177,169

As previously disclosed, on December 18, 2015, the Company entered into a Credit Agreement (as amended, the “2016 credit agreement”) with various banks and other financial institutions party thereto and CoBank, ACB, as administrative agent for the lenders, providing for three facilities: (i) a five year revolving credit facility of up to $75 million; (ii) a five-year term loan facility of up to $485 million (Term Loan A-1”); and (iii) a seven-year term loan facility of up to $400 million (“Term Loan A-2”).

In connection with the closing of the nTelos acquisition, the Company borrowed (i) $485 million under Term Loan A-1 and (ii) $325 million under Term Loan A-2, which amounts were used to, among other things, fund the payment of the nTelos merger consideration, to refinance, in full, all indebtedness under the Company’s existing credit agreement, to repay existing long-term indebtedness of nTelos and to pay fees and expenses in connection with the foregoing. In connection with the consummation of the nTelos acquisition, nTelos and its subsidiaries became guarantors under the 2016 credit agreement and pledged their assets as security for the obligations under the 2016 credit agreement. The 2016 credit agreement also includes $75 million available under the Term Loan A-2 as a “delayed draw term loan,” and in June 2016, the Company drew $25 million under this portion of the agreement. Finally, the 2016 credit agreement also includes a $75 million revolver facility.

As of June 30, 2016, the Company’s indebtedness totaled $815.6 million, net of unamortized loan fees of $19.8 million, with an annualized overall weighted average interest rate of approximately 3.84%. The Term Loan A-1 bears interest at one-month LIBOR plus a margin of 2.75%, while the Term Loan A-2 bears interest at one-month LIBOR plus a margin of 3.00%. LIBOR resets monthly. These loans are more fully described below.

The Term Loan A-1 requires quarterly principal repayments of $6.1 million beginning on September 30, 2016 through June 30, 2017, increasing to $12.1 million quarterly thereafter through June 30, 2021, with the remaining expected balance of approximately $242.5 million due September 30, 2021. The Term Loan A-2 requires quarterly principal repayments of $10.0 million beginning on September 30, 2018 through March 31, 2023, with the remaining expected balance of approximately $210 million due June 30, 2023.

The 2016 credit agreement also required the Company to enter into one or more hedge agreements to manage its exposure to interest rate movements. The Company elected to hedge the minimum required under the 2016 credit agreement, and entered into a pay fixed, receive variable swap on 50% of the aggregate principal balance of the term loans outstanding for at least three years from the closing date. The Company will receive one month LIBOR and pay a fixed rate of 1.16%, in addition to the 2.75% initial spread on Term Loan A-1 and the 3.00% initial spread on Term Loan A-2.

The 2016 credit agreement contains affirmative and negative covenants customary to secured credit facilities, including covenants restricting the ability of the Company and its subsidiaries, subject to negotiated exceptions, to incur additional indebtedness and additional liens on their assets, engage in mergers or acquisitions or dispose of assets, pay dividends or make other distributions, voluntarily prepay other indebtedness, enter into transactions with affiliated persons, make investments, and change the nature of the Company’s and its subsidiaries’ businesses.

Indebtedness outstanding under any of the facilities may be accelerated by an Event of Default, as defined in the 2016 credit agreement.

The Facilities are secured by a pledge by the Company of its stock in its subsidiaries, a guarantee by the Company’s subsidiaries other than Shenandoah Telephone Company, and a security interest in substantially all of the assets of the Company and the guarantors.

The Company is subject to certain financial covenants to be measured on a trailing twelve month basis each calendar quarter unless otherwise specified. These covenants include:

●

a limitation on the Company’s total leverage ratio, defined as indebtedness divided by earnings before interest, taxes, depreciation and amortization, or EBITDA, of less than or equal to 3.75 to 1.00 from the closing date through December 30, 2018, then 3.25 to 1.00 through December 30, 2019, and 3.00 to 1.00 thereafter;

●

a minimum debt service coverage ratio, defined as EBITDA minus certain cash taxes divided by the sum of all scheduled principal payments on the Term Loans and scheduled principal payments on other indebtedness plus cash interest expense, greater than 2.00 to 1.0;

●

the Company must maintain a minimum liquidity balance, defined as availability under the revolver facility plus unrestricted cash and cash equivalents on deposit in a deposit account for which a control agreement has been delivered to the administrative agent under the 2016 credit agreement, of greater than $25 million at all times.

These ratios are generally less restrictive than the covenant ratios the Company had been required to comply with under its previously existing debt arrangements. As of June 30, 2016, the Company was in compliance with the covenants in the 2016 credit agreement.

Future maturities of long-term debt principal are as follows (in thousands):

2016	$	12,238
2017		36,714
2018		68,593
2019		88,593
2020		100,625
Thereafter		528,650
Total	$	835,413

Pension Plan and Other Postretirement Benefits

6 Months Ended

Jun. 30, 2016

Pension Plan and Other Postretirement Benefits [Abstract]

Pension Plan and Other Postretirement Benefits

15.	Pension Plan and Other Postretirement Benefits

The Company assumed, through its acquisition of nTelos, a qualified pension plan and other postretirement benefit plans. The following tables provide the benefit obligations, fair value of assets and a statement of the funded status as of the acquisition date:

	Defined Benefit Pension Plan			Other Postretirement Benefit Plans
(In thousands)	2016			2016

Benefit obligations, at acquisition	$	37,443		$	4,568
Fair value of plan assets, at acquisition	$	22,813		$	—
Funded status:
Total liability, at acquisition	$	(14,630	)	$	(4,568	)

The accumulated benefit obligation for the defined benefit pension plan at May 6, 2016 was $37.4 million. The accumulated benefit obligation represents the present value of pension benefits based on service and salary earned to date. The defined benefit plan was frozen for future benefit accruals as of December 31, 2012. Accordingly, the accumulated benefit obligation is equal to the projected benefit obligation.

The following table provides the components of net periodic benefit cost for the plans for the period from acquisition date to December 31, 2016:

	Defined Benefit Pension Plan			Other Postretirement Benefit Plans
(In thousands)	2016			2016
Components of net periodic benefit cost:
Service cost	$	-		$	18
Interest cost		956			108
Recognized net actuarial loss		-			-
Expected return on plan assets		(1,018	)		-
Net periodic benefit cost	$	(62	)	$	126

Prior service costs assumed by the Company are amortized on a straight-line basis over the average remaining service period of active participants. Gains and losses in excess of 10% of the greater of the benefit obligation and the market-related value of assets are amortized over the average remaining service period of active participants. The net periodic benefit cost from the defined benefit plans was $0.0 million for the period from acquisition through June 30, 2016.

The total amount reclassified out of accumulated other comprehensive loss related to actuarial losses from the defined benefit plans was $0.0 million for the period from acquisition through June 30, 2016.

The assumptions used in the measurements of the Company’s benefit obligations at May 6, 2016 for the plans are shown in the following table:

	Defined Benefit Pension Plan			Other Postretirement Benefit Plans
	2016			2016
Discount rate		3.85	%		3.85	%

The assumptions used in the measurements of the Company’s net cost for the consolidated statement of operations for the period from acquisition date through December 31, 2016 are:

	Defined Benefit Pension Plan			Other Postretirement Benefit Plans
	2016			2016
Discount rate		3.85	%		3.85	%
Expected return on plan assets		6.75	%		—
Rate of compensation increase		—			—

The Company reviews the assumptions noted in the above table annually or more frequently to reflect anticipated future changes in the underlying economic factors used to determine these assumptions. The discount rates assumed reflect the rate at which the Company could invest in high quality corporate bonds in order to settle future obligations.

The Company uses updated mortality tables published by the Society of Actuaries that predict increasing life expectancies in the United States.

For measurement purposes, an 8.0% annual rate of increase in the per capita cost of covered health care benefits was assumed for 2016 for the obligation as of December 31, 2015. The rate was assumed to decrease one-half percent per year to a rate of 5.0% for 2022 and remain at that level thereafter.

Assumed health care cost trend rates may have a significant effect on the amounts reported for the health care plans. The effect of a 1% change on the medical trend rate per future year, while holding all other assumptions constant, to the service and interest cost components of net periodic postretirement health care benefit costs and accumulated postretirement benefit obligation would be a $0.1 million increase and a $0.6 million increase, respectively, for a 1% increase in medical trend rate and a $0.1 million decrease and a $0.5 million decrease, respectively, for a 1% decrease in medical trend rate.

In developing the expected long-term rate of return assumption for the assets of the Defined Benefit Pension Plan, the Company evaluated input from its third-party pension plan administrator, including its review of asset class return expectations and long-term inflation assumptions.

The average actual asset allocations by asset category and the fair value by asset category as of May 6, 2016 were as follows:

	Actual Allocation as of			Fair Value as of May 6,
Asset Category (dollars in thousands)	May 6, 2016			2016
Large Cap Value		32	%	$	7,244
Mid Cap Blend		9	%		2,026
Small Cap Blend		5	%		1,151
Foreign Stock – Large Cap		30	%		6,867
Bond		20	%		4,611
Cash and cash equivalents		4	%		914
Total		100	%	$	22,813

The actual and target allocation for plan assets is broadly defined and measured as follows:

Asset Category	Actual Allocation			Target Allocation
Equity securities		76	%		65-75	%
Bond securities and cash equivalents		24	%		25-35	%
Total		100	%		100	%

It is the Company’s policy to invest pension plan assets in a diversified portfolio consisting of an array of asset classes. The investment risk of the assets is limited by appropriate diversification both within and between asset classes. The assets are primarily invested in investment funds that invest in a broad mix of publicly traded equities, bonds and cash equivalents (and fair value is based on quoted market prices (“Level 1” input)). The allocation between equity and bonds is reset quarterly to the target allocations. Updates to the allocation are considered in the normal course and changes may be made when appropriate. The bond holdings consist of two bond funds split relatively evenly between these funds at May 6, 2016. The maximum holdings of any one asset within these funds is under 4% of this fund and thus is well under 1% of the total portfolio. At May 6, 2016, the Company believes that there are no material concentrations of risk within the portfolio of plan assets.

The assumed long-term return noted above is the target long-term return. Overall return, risk adjusted return, and management fees are assessed against a peer group and benchmark indices. There are minimum performance standards that must be attained within the investment portfolio. Reporting on asset performance is provided quarterly and review meetings are held semi-annually. In addition to normal rebalancing to maintain an adequate cash reserve, projected cash flow needs of the plan are reviewed at least annually to ensure liquidity is properly managed.

The Company does not expect to contribute to the pension plan in 2016. The Company expects the net periodic benefit cost for the defined benefit pension plan in 2016 to be $0.1 million and expects the periodic benefit cost for the other postretirement benefit plans in 2016 to be $0.1 million.

The following estimated future pension benefit payments and other postretirement benefit plan payments which reflect expected future service, as appropriate, are expected to be paid in the years indicated:

(In thousands)	Defined Benefit Pension Plan		Other Postretirement Benefit Plans
2016	$	371	$	96
2017		700		136
2018		720		131
2019		768		134
2020		868		142
Aggregate of next five years		6,219		977

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	Jun. 30, 2016
Basis of Presentation [Abstract]
Revenue Recognition	Revenue Recognition Under the Company’s amended affiliate agreement, Sprint agreed to waive the management fee, which is historically presented as a contra-revenue by the Company, for a period of approximately six years. The impact of Sprint’s waiver of the management fee over the approximate six-year period is reflected as an increase in revenue, offset by the non-cash adjustment to recognize this impact on a straight-line basis over the contract term of approximately 14 years.
Goodwill	Goodwill Goodwill is not amortized but is tested for impairment on at least an annual basis. Impairment testing is required more often than annually if an event or circumstance indicates that impairment is more likely than not to have occurred. In conducting its annual impairment testing, the Company may first perform a qualitative assessment of whether it is more likely than not that a reporting unit’s fair value is less than its carrying amount. If not, no further goodwill impairment testing is required. If it is more likely than not that a reporting unit’s fair value is less than its carrying amount, or if the Company elects not to perform a qualitative assessment of a reporting unit, the Company then compares the fair value of the reporting unit to the related net book value. If the net book value of a reporting unit exceeds its fair value, an impairment loss is measured and recognized. The Company conducts its annual impairment testing of goodwill as of October 1.
Pension Benefits and Retirement Benefits Other Than Pensions	Pension Benefits and Retirement Benefits Other Than Pensions Through the Company’s acquisition of nTelos, the Company assumed nTelos’ non-contributory defined benefit pension plan (“Pension Plan”) covering all employees who met eligibility requirements and were employed by nTelos prior to October 1, 2003. The Pension Plan was closed to nTelos employees hired on or after October 1, 2003. Pension benefits vest after five years of plan service and are based on years of service and an average of the five highest consecutive years of compensation subject to certain reductions if the employee retires before reaching age 65 and elects to receive the benefit prior to age 65. Effective December 31, 2012, nTelos froze future benefit accruals. The Company uses updated mortality tables published by the Society of Actuaries that predict increasing life expectancies in the United States. IRC Sections 412 and 430 and Sections 302 and 303 of the Employee Retirement Income Security Act of 1974, as amended establish minimum funding requirements for defined benefit pension plans. The minimum required contribution is generally equal to the target normal cost plus the shortfall amortization installments for the current plan year and each of the six preceding plan years less any calculated credit balance. If plan assets (less calculated credits) are equal to or exceed the funding target, the minimum required contribution is the target normal cost reduced by the excess funding, but not below zero. The Company’s policy is to make contributions to stay at or above the threshold required in order to prevent benefit restrictions and related additional notice requirements and is intended to provide not only for benefits based on service to date, but also for those expected to be earned in the future. The Company also assumed two qualified nonpension postretirement benefit plans that provide certain health care and life benefits for nTelos retired employees that meet eligibility requirements. The health care plan is contributory, with participants’ contributions adjusted annually. The life insurance plan also is contributory. These obligations, along with all of the pension plans and other postretirement benefit plans, are obligations assumed by the Company. Eligibility for the life insurance plan is restricted to active pension participants age 50-64 as of January 5, 1994. Neither plan is eligible to employees hired after April 1993. The accounting for the plans anticipates that the Company will maintain a consistent level of cost sharing for the benefits with the retirees. The Company’s share of the projected costs of benefits that will be paid after retirement is generally being accrued by charges to expense over the eligible employees’ service periods to the dates they are fully eligible for benefits. The Company records annual amounts relating to the Pension Plan and postretirement benefit plans based on calculations that incorporate various actuarial and other assumptions, including discount rates, mortality, assumed rates of return, turnover rates and healthcare cost trend rates. The Company reviews its assumptions on an annual basis and makes modifications to the assumptions based on current rates and trends when it is appropriate to do so. The effect of modifications to those assumptions is recorded in accumulated other comprehensive income (loss) and amortized to net periodic cost over future periods using the corridor method.

Acquisition of NTELOS Holdings Corp. and Exchange with Sprint (Tables)

6 Months Ended

Jun. 30, 2016

Acquisition of NTELOS Holdings Corp. and Exchange with Sprint [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Accounts receivable	$	48,476
Inventory		3,810
Restricted cash		2,167
Investments		1,501
Prepaids expenses and other assets		14,835
Building held for sale		4,950
Property, plant and equipment		223,900
Spectrum licenses		198,200
Customer based contract rights		198,200
Contract based intangible assets		11,000
Goodwill		151,627
Other long term assets		10,288
Total assets acquired	$	868,954

Accounts payable	$	8,648
Advanced billings and customer deposits		12,477
Accrued expenses		25,230
Capital lease liability		418
Deferred tax liabilities		124,964
Retirement benefits		19,461
Other long-term liabilities		14,056
Total liabilities assumed		205,254

Net assets acquired	$	663,700

Intangible Assets Resulting from Acquisition

Intangible assets resulting from the acquisition of nTelos and the Sprint exchange, both described above, are noted below (dollars in thousands):

	Useful Life	Basis
Affiliate contract agreement	14 years	$	258,100
Customer based contract rights	4-10 years		138,300
Contract based intangible assets	3-19 years		11,000

Unaudited Pro forma Results of the Company

	Three Months Ended June 30,
	2016			2015
Operating revenues	$	161.1		$	170.1
Income (loss) before income taxes	$	(7.5	)	$	13.6

	Six Months Ended June 30,
	2016		2015
Operating revenues	$	334.4	$	342.8
Income before income taxes	$	9.4	$	37.1

Intangible assets (Tables)

6 Months Ended

Jun. 30, 2016

Intangible assets [Abstract]

Intangible Assets

Intangible assets consisted of the following (in thousands):

			June 30, 2016					December 31, 2015
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Non-amortizing intangibles:
Cable franchise rights	$	64,374	$	-		$	64,374	$	64,098	$	-		$	64,098

Finite-lived intangibles:
Affiliate contract expansion rights	$	258,100	$	(3,290	)	$	254,810	$	-	$	-		$	-
Acquired subscribers – wireless		138,300		(6,647	)		131,653		-		-			-
Favorable leases – wireless		11,000		(183	)		10,817		-		-			-
Acquired subscribers – cable		25,265		(24,246	)		1,019		25,326		(23,805	)		1,521
Other intangibles		2,168		(695	)		1,473		1,938		(564	)		1,374
Total finite-lived intangibles	$	434,833	$	(35,061	)	$	399,772	$	27,264	$	(24,369	)		2,895
Total intangible assets	$	499,207	$	(35,061	)	$	464,146	$	91,362	$	(24,369	)	$	66,993

Amortization Expense for Intangible Assets

Aggregate amortization expense for intangible assets for the periods shown is expected to be as follows:

Year Ending December 31,	Amount
	(in thousands)
2016 Remaining	$	26,061
2017		48,574
2018		41,377
2019		36,619
2020		33,363
2021		30,116
thereafter		183,662
Total	$	399,772

Changes in the Carrying Amount of Goodwill

Changes in the carrying amount of goodwill during the six months ended June 30, 2016 are shown below (in thousands):

Goodwill as of December 31, 2015, Wireline segment	$	10
Goodwill recorded January 2016, Cable segment, Colane acquisition		93
Goodwill recorded May 2016, Wireless segment, nTelos acquisition		151,627
Goodwill as of June 30, 2016	$	151,730

Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment consisted of the following (in thousands):

	June 30, 2016		December 31, 2015
Plant in service	$	964,601	$	718,503
Plant under construction		75,949		36,600
		1,040,550		755,103
Less accumulated amortization and depreciation		387,027		345,085
Net property, plant and equipment	$	653,523	$	410,018

Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2016

Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income (Loss) [Abstract]

Schedule of Derivative Financial Instrument as Well as its Classification on the Consolidated Balance Sheet

	Derivatives
		Fair Value as of
	Balance Sheet Location	June 30, 2016			December 31, 2015

Derivatives designated as hedging instruments:
Interest rate swap
	Accrued liabilities and other	$	(3,016	)	$	(682	)
	Other liabilities		(3,502	)		-
	Deferred charges and other assets, net		-			1,370
Total derivatives designated as hedging instruments		$	(6,518	)	$	688

Schedule of Accumulated Other Comprehensive Income (Loss)

The table below presents change in accumulated other comprehensive income (loss) by component for the six months ended June 30, 2016 (in thousands):

	Gains and (Losses) on Cash Flow Hedges			Income Tax (Expense) Benefit			Accumulated Other Comprehensive Income (Loss)
Balance as of December 31, 2015	$	688		$	(273	)	$	415
Other comprehensive loss before reclassifications		(7,997	)		3,243			(4,754	)
Amounts reclassified from accumulated other comprehensive income (to interest expense)		791			(322	)		469
Net current period other comprehensive loss		(7,206	)		2,921			(4,285	)
Balance as of June 30, 2016	$	(6,518	)	$	2,648		$	(3,870	)

Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2016

Other Liabilities [Abstract]

Summary of Other Liabilities

Other liabilities include the following (in thousands):

	June 30, 2016		December 31, 2015
Retirement plan obligations	$	21,982	$	2,654
Due to dissenting shareholder		9,436		-
Non-current portion of deferred revenues		8,968		4,156
Other		10,128		2,229
Other liabilities	$	50,514	$	9,039

Segment Information (Tables)

6 Months Ended

Jun. 30, 2016

Segment Information [Abstract]

Selected Financial Data for Segments

The segment also provides video and cable modem services in portions of Shenandoah County, and leases fiber optic facilities throughout the northern Shenandoah Valley of Virginia, northern Virginia and adjacent areas along the Interstate 81 corridor through West Virginia, Maryland and portions of central and southern Pennsylvania.

Three months ended June 30, 2016 (in thousands)
	Wireless		Cable		Wireline		Other			Eliminations			Consolidated Totals
External revenues
Service revenues	$	86,873	$	24,167	$	4,820	$	-		$	-		$	115,860
Other		6,280		1,923		6,246		-			-			14,449
Total external revenues		93,153		26,090		11,066		-			-			130,309
Internal revenues		1,141		311		7,525		-			(8,977	)		-
Total operating revenues		94,294		26,401		18,591		-			(8,977	)		130,309

Operating expenses
Costs of goods and services, exclusive of depreciation and amortization shown separately below		35,236		14,564		8,808		-			(8,312	)		50,296
Selling, general and administrative, exclusive of depreciation and amortization shown separately below		23,010		4,794		1,670		4,885			(665	)		33,694
Integration and acquisition expenses		5,276		-		-		14,778			-			20,054
Depreciation and amortization		23,495		5,879		2,933		108			-			32,415
Total operating expenses		87,017		25,237		13,411		19,771			(8,977	)		136,459
Operating income (loss)	$	7,277	$	1,164	$	5,180	$	(19,771	)	$	-		$	(6,150	)

Three months ended June 30, 2015 (in thousands)
	Wireless		Cable			Wireline		Other			Eliminations			Consolidated Totals
External revenues
Service revenues	$	48,749	$	22,117		$	4,889	$	-		$	-		$	75,755
Other		2,848		1,850			5,248		-			-			9,946
Total external revenues		51,597		23,967			10,137		-			-			85,701
Internal revenues		1,105		186			6,326		-			(7,617	)		-
Total operating revenues		52,702		24,153			16,463		-			(7,617	)		85,701

Operating expenses
Costs of goods and services, exclusive of depreciation and amortization shown separately below		15,903		13,635			7,677		(16	)		(6,919	)		30,280
Selling, general and administrative, exclusive of depreciation and amortization shown separately below		8,917		5,084			1,736		3,567			(698	)		18,606
Integration and acquisition expenses		-		-			-		402			-			402
Depreciation and amortization		8,612		5,859			3,083		109			-			17,663
Total operating expenses		33,432		24,578			12,496		4,062			(7,617	)		66,951
Operating income (loss)	$	19,270	$	(425	)	$	3,967	$	(4,062	)	$	-		$	18,750

Six months ended June 30, 2016 (in thousands)
	Wireless		Cable		Wireline		Other			Eliminations			Consolidated Totals
External revenues
Service revenues	$	139,052	$	48,507	$	9,779	$	-		$	-		$	197,338
Other		9,484		3,768		12,290		-			-			25,542
Total external revenues		148,536		52,275		22,069		-			-			222,880
Internal revenues		2,276		572		14,901		-			(17,749	)		-
Total operating revenues		150,812		52,847		36,970		-			(17,749	)		222,880

Operating expenses
Costs of goods and services, exclusive of depreciation and amortization shown separately below		51,815		29,210		17,450		-			(16,418	)		82,057
Selling, general and administrative, exclusive of depreciation and amortization shown separately below		34,524		9,902		3,275		8,750			(1,331	)		55,120
Integration and acquisition expenses		5,276		-		-		15,110						20,386
Depreciation and amortization		31,988		11,974		5,967		225			-			50,154
Total operating expenses		123,603		51,086		26,692		24,085			(17,749	)		207,717
Operating income (loss)	$	27,209	$	1,761	$	10,278	$	(24,085	)	$	-		$	15,163

Six months ended June 30, 2015 (in thousands)
	Wireless		Cable			Wireline		Other			Eliminations			Consolidated Totals
External revenues
Service revenues	$	97,124	$	43,518		$	9,639	$	-		$	-		$	150,281
Other		5,878		3,613			10,217		-			-			19,708
Total external revenues		103,002		47,131			19,856		-			-			169,989
Internal revenues		2,209		334			12,192		-			(14,735	)		-
Total operating revenues		105,211		47,465			32,048		-			(14,735	)		169,989

Operating expenses
Costs of goods and services, exclusive of depreciation and amortization shown separately below		32,090		27,253			15,011		-			(13,384	)		60,970
Selling, general and administrative, exclusive of depreciation and amortization shown separately below		17,969		9,976			3,234		6,890			(1,351	)		36,718
Integration and acquisition expenses		-		-			-		1,024						1,024
Depreciation and amortization		16,444		11,338			6,007		212			-			34,001
Total operating expenses		66,503		48,567			24,252		8,126			(14,735	)		132,713
Operating income (loss)		38,708		(1,102	)		7,796		(8,126	)		-			37,276

Reconciliation of Income from Continuing Operations from Segments to Consolidated

A reconciliation of the total of the reportable segments’ operating income (loss) to consolidated income (loss) before taxes is as follows:

	Three Months Ended June 30,
(in thousands)	2016			2015
Total consolidated operating income (loss)	$	(6,150	)	$	18,750
Interest expense		(5,904	)		(1,940	)
Non-operating income, net		167			540
Income (loss) before income taxes	$	(11,887	)	$	17,350

	Six Months Ended June 30,
	2016			2015
Total consolidated operating income (loss)	$	15,163		$	37,276
Interest expense		(7,524	)		(3,855	)
Non-operating income, net		723			1,074
Income before income taxes	$	8,362		$	34,495

Assets by Segment

The Company’s assets by segment are as follows:

(in thousands)	June 30, 2016			December 31, 2015
Wireless	$	1,142,459		$	205,718
Cable		210,542			209,132
Wireline		111,728			105,369
Other		1,083,152			463,390
Combined totals		2,547,881			983,609
Inter-segment eliminations		(1,092,040	)		(356,458	)
Consolidated totals	$	1,455,841		$	627,151

Long-Term Debt and Revolving Lines of Credit (Tables)

6 Months Ended

Jun. 30, 2016

Long-term debt and revolving line of credit [Abstract]

Long-term Debt

Total debt consists of the following:

(In thousands)	June 30, 2016		December 31, 2015

Term loan A	$	-	$	201,250
Term loan A-1		485,000		-
Term loan A-2		350,000		-
Capital lease outstanding		413		-
		835,413		201,250
Less: unamortized loan fees		19,840		1,589
Total debt, net of unamortized loan fees	$	815,573	$	199,661

Current maturities, net of unamortized loan fees	$	20,147	$	22,492
Long-term debt, net of unamortized loan fees	$	795,426	$	177,169

Maturities of Long-term Debt

Future maturities of long-term debt principal are as follows (in thousands):

2016	$	12,238
2017		36,714
2018		68,593
2019		88,593
2020		100,625
Thereafter		528,650
Total	$	835,413

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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-Paragraph 8
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

Pension Plan and Other Postretirement Benefits (Tables)

6 Months Ended

Jun. 30, 2016

Pension Plan and Other Postretirement Benefits [Abstract]

Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

The following tables provide the benefit obligations, fair value of assets and a statement of the funded status as of the acquisition date:

	Defined Benefit Pension Plan			Other Postretirement Benefit Plans
(In thousands)	2016			2016

Benefit obligations, at acquisition	$	37,443		$	4,568
Fair value of plan assets, at acquisition	$	22,813		$	—
Funded status:
Total liability, at acquisition	$	(14,630	)	$	(4,568	)

Components of Net Periodic Benefit Costs

The following table provides the components of net periodic benefit cost for the plans for the period from acquisition date to December 31, 2016:

	Defined Benefit Pension Plan			Other Postretirement Benefit Plans
(In thousands)	2016			2016
Components of net periodic benefit cost:
Service cost	$	-		$	18
Interest cost		956			108
Recognized net actuarial loss		-			-
Expected return on plan assets		(1,018	)		-
Net periodic benefit cost	$	(62	)	$	126

Assumptions Used to Determine Net Periodic Cost and Benefit Obligations

The assumptions used in the measurements of the Company’s benefit obligations at May 6, 2016 for the plans are shown in the following table:

	Defined Benefit Pension Plan			Other Postretirement Benefit Plans
	2016			2016
Discount rate		3.85	%		3.85	%

The assumptions used in the measurements of the Company’s net cost for the consolidated statement of operations for the period from acquisition date through December 31, 2016 are:

	Defined Benefit Pension Plan			Other Postretirement Benefit Plans
	2016			2016
Discount rate		3.85	%		3.85	%
Expected return on plan assets		6.75	%		—
Rate of compensation increase		—			—

Actual and Target Allocation for Plan assets

The average actual asset allocations by asset category and the fair value by asset category as of May 6, 2016 were as follows:

	Actual Allocation as of			Fair Value as of May 6,
Asset Category (dollars in thousands)	May 6, 2016			2016
Large Cap Value		32	%	$	7,244
Mid Cap Blend		9	%		2,026
Small Cap Blend		5	%		1,151
Foreign Stock – Large Cap		30	%		6,867
Bond		20	%		4,611
Cash and cash equivalents		4	%		914
Total		100	%	$	22,813

The actual and target allocation for plan assets is broadly defined and measured as follows:

Asset Category	Actual Allocation			Target Allocation
Equity securities		76	%		65-75	%
Bond securities and cash equivalents		24	%		25-35	%
Total		100	%		100	%

Estimated Future Pension Benefit Payments and Other Postretirement Benefit Plan Payments

(In thousands)	Defined Benefit Pension Plan		Other Postretirement Benefit Plans
2016	$	371	$	96
2017		700		136
2018		720		131
2019		768		134
2020		868		142
Aggregate of next five years		6,219		977

Basis of Presentation (Details)	6 Months Ended
Basis of Presentation (Details)	Jun. 30, 2016 Plan
Revenue Recognition [Abstract]
Period for sprint's waiver of the management fee	6 years
Contract term	14 years
Pension Benefits and Retirement Benefits Other Than Pensions [Abstract]
Vesting period of pension benefits	5 years
Number of consecutive years considered for pension benefits	5 years
Employee retires before reaching the age, elect to receive the benefit	65 years
Number of preceding plan years	6 years
Number of qualified nonpension postretirement benefit plans	2
Minimum [Member]
Pension Benefits and Retirement Benefits Other Than Pensions [Abstract]
Eligibility for the life insurance plan is restricted to active pension participants	50 years
Maximum [Member]
Pension Benefits and Retirement Benefits Other Than Pensions [Abstract]
Eligibility for the life insurance plan is restricted to active pension participants	64 years

Acquisition of NTELOS Holdings Corp. and Exchange with Sprint (Details) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
	May 06, 2016 USD ($) $ / shares shares	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)	Jun. 30, 2016 USD ($) Installment	Jun. 30, 2015 USD ($)	Dec. 31, 2015 USD ($)
Schedule of recognized identified assets acquired and liabilities assumed [Abstract]
Goodwill		$ 151,730		$ 151,730		$ 10
Intangible assets resulting from acquisition [Abstract]
Borrowing amount		835,413		835,413		$ 201,250
Repayment of borrowing amount				201,257	$ 11,500
Business Acquisition, Pro Forma Information [Abstract]
Integration and acquisition expenses		20,054	$ 402	$ 20,386	1,024
Term Loan [Member]
Intangible assets resulting from acquisition [Abstract]
Repayment of borrowing amount	$ 195,500
NTELOS Holdings Corp. [Member]
Schedule of recognized identified assets acquired and liabilities assumed [Abstract]
Accounts receivable	48,476
Inventory	3,810
Restricted cash	2,167
Investments	1,501
Prepaid expenses and other assets	14,835
Building held for sale	4,950
Property, plant and equipment	223,900
Spectrum licenses	198,200
Customer based contract rights	198,200
Contract based intangible assets	11,000
Goodwill	151,627
Other long term assets	10,288
Total assets acquired	868,954
Accounts payable	8,648
Advanced billings and customer deposits	12,477
Accrued expenses	25,230
Capital lease liability	418
Deferred tax liabilities	124,964
Retirement benefits	19,461
Other long-term liabilities	14,056
Total liabilities assumed	205,254
Net assets acquired	663,700
Extension in term of affiliate relationship agreement with sprint				5 years
Limit of waived fee under affiliate agreement	251,800
Period for additional waiver of management fee				6 months
Letters of credit		2,200		$ 2,200
Percentage of amount to cover each disbursement and performance default penalty of total eligible awards				10.00%
Intangible assets resulting from acquisition [Abstract]
Basis	$ 11,000
Business acquisition, number of shares issued (in shares) \| shares	380,000
Number of installment \| Installment				5
Number of pending installment \| Installment				4
Remaining period for payment of shares acquired value				4 years
Business acquisition, shares issued value	$ 10,400
Business Acquisition, Pro Forma Information [Abstract]
Operating revenues		161,100	170,100	$ 334,400	342,800
Income (loss) before income taxes		(7,500)	$ 13,600	9,400	$ 37,100
Debt issuance cost	$ 24,000
Severance costs		22,400		22,700
Number of shares held by former stockholders (in shares) \| shares	1,000,000
Common stock exercised per share (in dollars per share) \| $ / shares	$ 9.25
Aggregate purchase price	$ 9,300
Interest rate on unpaid amount	6.10%
NTELOS Holdings Corp. [Member] \| Cost of Goods and Services [Member]
Business Acquisition, Pro Forma Information [Abstract]
Severance costs		300		300
NTELOS Holdings Corp. [Member] \| Selling, General and Administrative Costs [Member]
Business Acquisition, Pro Forma Information [Abstract]
Severance costs		$ 2,000		$ 2,000
NTELOS Holdings Corp. [Member] \| Term Loan [Member]
Intangible assets resulting from acquisition [Abstract]
Borrowing amount	$ 810,000
Average effective interest rate	3.84%
Repayment of borrowing amount	$ 519,700
NTELOS Holdings Corp. [Member] \| Minimum [Member]
Schedule of recognized identified assets acquired and liabilities assumed [Abstract]
Before amendment right or obligation to sell business				80.00%
Business Acquisition, Pro Forma Information [Abstract]
Integration and acquisition expenses	106,000
NTELOS Holdings Corp. [Member] \| Maximum [Member]
Schedule of recognized identified assets acquired and liabilities assumed [Abstract]
After amendment right or obligation to sell business				90.00%
Management fee charge by Sprint	4,200
Additional waiver of management fee	5,000
Winning bid eligible to receive, amount				$ 5,000
Business Acquisition, Pro Forma Information [Abstract]
Integration and acquisition expenses	126,000
NTELOS Holdings Corp. [Member] \| Affiliate Contract Agreement [Member]
Schedule of recognized identified assets acquired and liabilities assumed [Abstract]
Contract based intangible assets	$ 258,100
Intangible assets resulting from acquisition [Abstract]
Useful life	14 years
Basis	$ 258,100
NTELOS Holdings Corp. [Member] \| Customer Based Contract Rights [Member]
Schedule of recognized identified assets acquired and liabilities assumed [Abstract]
Contract based intangible assets	138,300
Intangible assets resulting from acquisition [Abstract]
Basis	$ 138,300
NTELOS Holdings Corp. [Member] \| Customer Based Contract Rights [Member] \| Minimum [Member]
Intangible assets resulting from acquisition [Abstract]
Useful life	4 years
NTELOS Holdings Corp. [Member] \| Customer Based Contract Rights [Member] \| Maximum [Member]
Intangible assets resulting from acquisition [Abstract]
Useful life	10 years
NTELOS Holdings Corp. [Member] \| Contract Based Intangible Assets [Member]
Schedule of recognized identified assets acquired and liabilities assumed [Abstract]
Contract based intangible assets	$ 11,000
Intangible assets resulting from acquisition [Abstract]
Basis	$ 11,000
NTELOS Holdings Corp. [Member] \| Contract Based Intangible Assets [Member] \| Minimum [Member]
Intangible assets resulting from acquisition [Abstract]
Useful life	3 years
NTELOS Holdings Corp. [Member] \| Contract Based Intangible Assets [Member] \| Maximum [Member]
Intangible assets resulting from acquisition [Abstract]
Useful life	19 years

Intangible assets (Details) - USD ($) $ in Thousands	6 Months Ended
Intangible assets (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 434,833	$ 27,264
Accumulated amortization	(35,061)	(24,369)
Net	399,772	2,895
Intangible assets, gross	499,207	91,362
Intangible assets, net	464,146	66,993
Amortization expense for intangible assets [Abstract]
2016 Remaining	26,061
2017	48,574
2018	41,377
2019	36,619
2020	33,363
2021	30,116
thereafter	183,662
Total	399,772	2,895
Goodwill [Line Items]
Goodwill as of December 31, 2015	10
Goodwill as of June 30, 2016	151,730
Wireless [Member]
Goodwill [Line Items]
Goodwill as of December 31, 2015	10
Wireless [Member] \| NTELOS Holdings Corp. [Member]
Goodwill [Line Items]
Goodwill recorded	151,627
Cable [Member] \| Colane [Member]
Goodwill [Line Items]
Goodwill recorded	93
Cable Franchise Rights [Member]
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]
Gross Carrying Amount	64,374	64,098
Net	64,374	64,098
Affiliate Contract Expansion Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	258,100	0
Accumulated amortization	(3,290)	0
Net	254,810	0
Amortization expense for intangible assets [Abstract]
Total	254,810	0
Acquired Subscribers - Wireless [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	138,300	0
Accumulated amortization	(6,647)	0
Net	131,653	0
Amortization expense for intangible assets [Abstract]
Total	131,653	0
Favorable Leases - Wireless [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	11,000	0
Accumulated amortization	(183)	0
Net	10,817	0
Amortization expense for intangible assets [Abstract]
Total	10,817	0
Acquired Subscribers - Cable [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	25,265	25,326
Accumulated amortization	(24,246)	(23,805)
Net	1,019	1,521
Amortization expense for intangible assets [Abstract]
Total	1,019	1,521
Other Intangible [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	2,168	1,938
Accumulated amortization	(695)	(564)
Net	1,473	1,374
Amortization expense for intangible assets [Abstract]
Total	$ 1,473	$ 1,374

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Property, plant and equipment [Abstract]
Total property, plant and equipment	$ 1,040,550	$ 755,103
Less accumulated amortization and depreciation	387,027	345,085
Net property, plant and equipment	653,523	410,018
Plant in Service [Member]
Property, plant and equipment [Abstract]
Total property, plant and equipment	964,601	718,503
Plant under Construction [Member]
Property, plant and equipment [Abstract]
Total property, plant and equipment	$ 75,949	$ 36,600

Earnings (loss) per share (Details) - shares shares in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Earnings (loss) per share [Abstract]
Shares and options outstanding (in shares)	964	696
Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earnings per share (in shares)	22	79

Investments Carried at Fair Value (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Investments Carried at Fair Value [Abstract]
Investments at fair value	$ 2,784		$ 2,654
Dividend and interest income from investments	153
Net unrealized gains recognized	$ 83	$ 54

- Definition

Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method.

+ References

+ Details

Equipment Installment Plan Receivables (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	$ 77,392	$ 29,778
Deferred charges and other assets, net	$ 10,855	$ 11,504
NTELOS Holdings Corp. [Member] \| Equipment Installment Plan Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Installment period	24 months
Equipment installment plan receivables	$ 26,000
Accounts receivable, net	19,500
Deferred charges and other assets, net	6,500
Trade-in-right liabilities	$ 5,300
NTELOS Holdings Corp. [Member] \| Minimum [Member] \| Equipment Installment Plan Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Estimated interest rate on receivable	5.00%
NTELOS Holdings Corp. [Member] \| Maximum [Member] \| Equipment Installment Plan Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Estimated interest rate on receivable	10.00%

Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income (Loss) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016 USD ($)	May 31, 2016 USD ($) Counterparty	Dec. 31, 2015 USD ($)	Sep. 30, 2012 USD ($)
Derivatives, Fair Value [Line Items]
Percentage of expected outstanding debt	50.00%
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss), net of tax	$ 415
Accumulated Other Comprehensive Income (Loss), net of tax	(3,870)
Cash Flow Hedge [Member] \| Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Notional amount of cash flow hedges	144,100
Amount of notional principal interest rate swap				$ 174,600
Cash Flow Hedge [Member] \| Interest Rate Swap [Member] \| Three Counterparties [Member]
Derivatives, Fair Value [Line Items]
Notional amount of cash flow hedges	273,400
Amount of notional principal interest rate swap		$ 256,600
Number of counterparties \| Counterparty		3
Gains and (Losses) on Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income Loss Before Tax [Abstract]
Accumulated Other Comprehensive Income (Loss), before Tax	688
Other comprehensive loss before reclassifications, before tax	(7,997)
Amounts reclassified from accumulated other comprehensive income (to interest expense), before tax	791
Net current period other comprehensive loss, before tax	(7,206)
Accumulated Other Comprehensive Income (Loss), before Tax	(6,518)
Accumulated Other Comprehensive Income Loss, Tax [Abstract]
Accumulated Other Comprehensive Income (Loss), tax	(273)
Other comprehensive income before reclassifications, tax	3,243
Amounts reclassified From accumulated other comprehensive income (to interest expense), tax	(322)
Net current period other comprehensive loss	2,921
Accumulated Other Comprehensive Income (Loss), tax	2,648
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss), net of tax	415
Other comprehensive income before reclassifications, net of tax	(4,754)
Amounts reclassified from accumulated other comprehensive income (to interest expense), net of tax	469
Net current period other comprehensive loss, net of tax	(4,285)
Accumulated Other Comprehensive Income (Loss), net of tax	(3,870)
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount reclassified as an increase to interest expense during next twelve months	3,000
Designated as Hedging Instrument [Member] \| Interest Rate Swap [Member]
Derivative financial instrument as well as its classification on the consolidated balance sheet [Abstract]
Derivative Assets (Liabilities), at Fair Value, Net	(6,518)		$ 688
Designated as Hedging Instrument [Member] \| Accrued Liabilities and Other [Member] \| Interest Rate Swap [Member]
Derivative financial instrument as well as its classification on the consolidated balance sheet [Abstract]
Derivatives Liabilities, Fair Value	(3,016)		(682)
Designated as Hedging Instrument [Member] \| Other Liabilities [Member] \| Interest Rate Swap [Member]
Derivative financial instrument as well as its classification on the consolidated balance sheet [Abstract]
Derivatives Liabilities, Fair Value	(3,502)		0
Designated as Hedging Instrument [Member] \| Deferred Charges and Other Assets, Net [Member] \| Interest Rate Swap [Member]
Derivative financial instrument as well as its classification on the consolidated balance sheet [Abstract]
Derivative Assets, Fair Value	$ 0		$ 1,370

Other Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Other Liabilities [Abstract]
Retirement plan obligations	$ 21,982	$ 2,654
Due to dissenting shareholder	9,436	0
Non-current portion of deferred revenues	8,968	4,156
Other	10,128	2,229
Other liabilities	$ 50,514	$ 9,039

- Definition

The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

+ References + Details

Segment Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
Segment Information (Details) $ in Thousands	Jun. 30, 2016 USD ($) State	Jun. 30, 2015 USD ($)	Jun. 30, 2016 USD ($) Segment State	Jun. 30, 2015 USD ($)	Dec. 31, 2015 USD ($)
Segment Information [Abstract]
Number of reportable segments \| Segment			3
Non Sprint operations, number of states \| State	4		4
External revenues [Abstract]
Service revenues	$ 115,860	$ 75,755	$ 197,338	$ 150,281
Other	14,449	9,946	25,542	19,708
Total external revenues	130,309	85,701	222,880	169,989
Internal revenues	0	0	0	0
Total operating revenues	130,309	85,701	222,880	169,989
Operating expenses [Abstract]
Cost of goods and services, exclusive of depreciation and amortization shown separately below	50,296	30,280	82,057	60,970
Selling, general and administrative, exclusive of depreciation and amortization shown separately below	33,694	18,606	55,120	36,718
Integration and acquisition expenses	20,054	402	20,386	1,024
Depreciation and amortization	32,415	17,663	50,154	34,001
Total operating expenses	136,459	66,951	207,717	132,713
Operating income (loss)	(6,150)	18,750	15,163	37,276
Reconciliation of income from continuing operations from segments to consolidated [Abstract]
Total consolidated operating income (loss)	(6,150)	18,750	15,163	37,276
Interest expense	(5,904)	(1,940)	(7,524)	(3,855)
Non-operating income, net	167	540	723	1,074
Income (loss) before income taxes	(11,887)	17,350	8,362	34,495
Assets by segment [Abstract]
Assets	1,455,841		1,455,841		$ 627,151
Other [Member]
Assets by segment [Abstract]
Assets	1,083,152		1,083,152		463,390
Total Segments [Member]
Assets by segment [Abstract]
Assets	2,547,881		2,547,881		983,609
Reportable Segments [Member] \| Wireless [Member]
External revenues [Abstract]
Service revenues	86,873	48,749	139,052	97,124
Other	6,280	2,848	9,484	5,878
Total external revenues	93,153	51,597	148,536	103,002
Internal revenues	1,141	1,105	2,276	2,209
Total operating revenues	94,294	52,702	150,812	105,211
Operating expenses [Abstract]
Cost of goods and services, exclusive of depreciation and amortization shown separately below	35,236	15,903	51,815	32,090
Selling, general and administrative, exclusive of depreciation and amortization shown separately below	23,010	8,917	34,524	17,969
Integration and acquisition expenses	5,276	0	5,276	0
Depreciation and amortization	23,495	8,612	31,988	16,444
Total operating expenses	87,017	33,432	123,603	66,503
Operating income (loss)	7,277	19,270	27,209	38,708
Reconciliation of income from continuing operations from segments to consolidated [Abstract]
Total consolidated operating income (loss)	7,277	19,270	27,209	38,708
Assets by segment [Abstract]
Assets	1,142,459		1,142,459		205,718
Reportable Segments [Member] \| Cable [Member]
External revenues [Abstract]
Service revenues	24,167	22,117	48,507	43,518
Other	1,923	1,850	3,768	3,613
Total external revenues	26,090	23,967	52,275	47,131
Internal revenues	311	186	572	334
Total operating revenues	26,401	24,153	52,847	47,465
Operating expenses [Abstract]
Cost of goods and services, exclusive of depreciation and amortization shown separately below	14,564	13,635	29,210	27,253
Selling, general and administrative, exclusive of depreciation and amortization shown separately below	4,794	5,084	9,902	9,976
Integration and acquisition expenses	0	0	0	0
Depreciation and amortization	5,879	5,859	11,974	11,338
Total operating expenses	25,237	24,578	51,086	48,567
Operating income (loss)	1,164	(425)	1,761	(1,102)
Reconciliation of income from continuing operations from segments to consolidated [Abstract]
Total consolidated operating income (loss)	1,164	(425)	1,761	(1,102)
Assets by segment [Abstract]
Assets	210,542		210,542		209,132
Reportable Segments [Member] \| Wireline [Member]
External revenues [Abstract]
Service revenues	4,820	4,889	9,779	9,639
Other	6,246	5,248	12,290	10,217
Total external revenues	11,066	10,137	22,069	19,856
Internal revenues	7,525	6,326	14,901	12,192
Total operating revenues	18,591	16,463	36,970	32,048
Operating expenses [Abstract]
Cost of goods and services, exclusive of depreciation and amortization shown separately below	8,808	7,677	17,450	15,011
Selling, general and administrative, exclusive of depreciation and amortization shown separately below	1,670	1,736	3,275	3,234
Integration and acquisition expenses	0	0	0	0
Depreciation and amortization	2,933	3,083	5,967	6,007
Total operating expenses	13,411	12,496	26,692	24,252
Operating income (loss)	5,180	3,967	10,278	7,796
Reconciliation of income from continuing operations from segments to consolidated [Abstract]
Total consolidated operating income (loss)	5,180	3,967	10,278	7,796
Assets by segment [Abstract]
Assets	111,728		111,728		105,369
Reportable Segments [Member] \| Other [Member]
External revenues [Abstract]
Service revenues	0	0	0	0
Other	0	0	0	0
Total external revenues	0	0	0	0
Internal revenues	0	0	0	0
Total operating revenues	0	0	0	0
Operating expenses [Abstract]
Cost of goods and services, exclusive of depreciation and amortization shown separately below	0	(16)	0	0
Selling, general and administrative, exclusive of depreciation and amortization shown separately below	4,885	3,567	8,750	6,890
Integration and acquisition expenses	14,778	402	15,110	1,024
Depreciation and amortization	108	109	225	212
Total operating expenses	19,771	4,062	24,085	8,126
Operating income (loss)	(19,771)	(4,062)	(24,085)	(8,126)
Reconciliation of income from continuing operations from segments to consolidated [Abstract]
Total consolidated operating income (loss)	(19,771)	(4,062)	(24,085)	(8,126)
Eliminations [Member]
External revenues [Abstract]
Service revenues	0	0	0	0
Other	0	0	0	0
Total external revenues	0	0	0	0
Internal revenues	(8,977)	(7,617)	(17,749)	(14,735)
Total operating revenues	(8,977)	(7,617)	(17,749)	(14,735)
Operating expenses [Abstract]
Cost of goods and services, exclusive of depreciation and amortization shown separately below	(8,312)	(6,919)	(16,418)	(13,384)
Selling, general and administrative, exclusive of depreciation and amortization shown separately below	(665)	(698)	(1,331)	(1,351)
Integration and acquisition expenses	0	0	0	0
Depreciation and amortization	0	0	0	0
Total operating expenses	(8,977)	(7,617)	(17,749)	(14,735)
Operating income (loss)	0	0	0	0
Reconciliation of income from continuing operations from segments to consolidated [Abstract]
Total consolidated operating income (loss)	0	$ 0	0	$ 0
Assets by segment [Abstract]
Assets	$ (1,092,040)		$ (1,092,040)		$ (356,458)

Adoption of New Accounting Principles (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Adoption of New Accounting Principles [Abstract]
Unamortized loan fees and costs		$ 1.6
Unamortized loan allocation to long-term debt current maturities	$ 4.3	0.5
Unamortized loan allocation to long-term debt	4.3	1.1
Reduction in total assets and liabilities and shareholders' equity	$ 4.3	1.6
Deferred tax assets		$ 0.9

Long-Term Debt and Revolving Lines of Credit (Details) $ in Thousands		6 Months Ended
	Dec. 18, 2015 USD ($)	Jun. 30, 2016 USD ($) Facility	Dec. 31, 2015 USD ($)
Debt Instrument [Line Items]
Long term debt, Total		$ 835,413	$ 201,250
Less: unamortized loan fees		19,840	1,589
Total debt, net of unamortized loan fees		815,573	199,661
Current maturities, net of unamortized loan fees		20,147	22,492
Long-term debt, net of unamortized loan fees		$ 795,426	177,169
Number of credit facilities \| Facility		3
Weighted average interest rate		3.84%
Variable swap rate		50.00%
Period for term loan outstanding		3 years
Total leverage ratio through December 30, 2019		3.25
Total leverage ratio thereafter		3.00
Debt instrument covenants minimum liquidity, amount		$ 25,000
Aggregate maturities of long-term debt [Abstract]
2016		12,238
2017		36,714
2018		68,593
2019		88,593
2020		100,625
Thereafter		528,650
Long term debt, Total		$ 835,413	201,250
Maximum [Member]
Debt Instrument [Line Items]
Total leverage ratio from closing date through December 30, 2018		3.75
Minimum [Member]
Debt Instrument [Line Items]
Debt service coverage ratio		2.00
One-month LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, fixed interest rate		1.16%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Term of credit facility	5 years
Maximum borrowing capacity	$ 75,000
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Long term debt, Total		$ 413	0
Aggregate maturities of long-term debt [Abstract]
Long term debt, Total		413	0
Term Loan A [Member]
Debt Instrument [Line Items]
Long term debt, Total		0	201,250
Aggregate maturities of long-term debt [Abstract]
Long term debt, Total		0	201,250
Term Loan A-1 [Member]
Debt Instrument [Line Items]
Long term debt, Total		485,000	0
Term of credit facility	5 years
Maximum borrowing capacity	$ 485,000
Quarterly principal payment period one		6,100
Quarterly principal payment period two		12,100
Remaining principal payment due		242,500
Aggregate maturities of long-term debt [Abstract]
Long term debt, Total		$ 485,000	0
Term Loan A-1 [Member] \| One-month LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, variable interest rate		2.75%
Term Loan A-1 [Member] \| NTELOS Holdings Corp [Member]
Debt Instrument [Line Items]
Line of credit facility amount borrowed	$ 485,000
Term Loan A-2 [Member]
Debt Instrument [Line Items]
Long term debt, Total		$ 350,000	0
Term of credit facility	7 years
Maximum borrowing capacity	$ 400,000
Proceeds from line of credit		25,000
Quarterly principal payment period one		10,000
Remaining principal payment due		210,000
Aggregate maturities of long-term debt [Abstract]
Long term debt, Total		$ 350,000	$ 0
Term Loan A-2 [Member] \| One-month LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, variable interest rate		3.00%
Term Loan A-2 [Member] \| Delayed Draw Term Loan [Member]
Debt Instrument [Line Items]
Line of credit facility remaining borrowing capacity	75,000
Term Loan A-2 [Member] \| NTELOS Holdings Corp [Member]
Debt Instrument [Line Items]
Line of credit facility amount borrowed	$ 325,000

Pension Plan and Other Postretirement Benefits, Benefit Obligation (Details) - NTELOS Holdings Corp. [Member] $ in Thousands	May 06, 2016 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, at acquisition	$ 22,813
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit obligations, at acquisition	37,443
Fair value of plan assets, at acquisition	22,813
Funded status [Abstract]
Total liability, at acquisition	(14,630)
Other Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit obligations, at acquisition	4,568
Fair value of plan assets, at acquisition	0
Funded status [Abstract]
Total liability, at acquisition	$ (4,568)

Pension Plan and Other Postretirement Benefits, Net Periodic Benefit Cost (Details) - NTELOS Holdings Corp. [Member] - USD ($) $ in Thousands	2 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016
Components of net periodic benefit cost [Abstract]
Gains (losses) amortized in excess rate of benefit obligation and the market-related value of assets		10.00%
Defined Benefit Pension Plan [Member]
Components of net periodic benefit cost [Abstract]
Service cost	$ 0
Interest cost	956
Recognized net actuarial loss	0
Expected return on plan assets	(1,018)
Net periodic benefit cost	(62)	$ 100
Reclassification out of accumulated other comprehensive loss related to actuarial losses		0
Other Postretirement Benefit Plans [Member]
Components of net periodic benefit cost [Abstract]
Service cost	18
Interest cost	108
Recognized net actuarial loss	0
Expected return on plan assets	0
Net periodic benefit cost	$ 126	$ 100

Pension Plan and Other Postretirement Benefits, Assumptions (Details) - Ntelos Holding, Corp [Member] - USD ($) $ in Millions	2 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	May 06, 2016
Weighted average assumptions used in measurement of net cost [Abstract]
Assumed annual rate increase in per capita cost of covered health care benefits		8.00%
Assumed annual rate decrease in per capita cost of covered health care benefits for the next five years		0.50%
Assumed annual rate per capita cost of covered health care benefits, for year 2022 and thereafter		5.00%
Effect of one percentage point increase on service and interest cost components		$ 0.1
Effect of one percentage point increase on accumulated postretirement benefit obligation		0.6
Effect of one percentage point decrease on service and interest cost components		0.1
Effect of one percentage point decrease on accumulated postretirement benefit obligation		$ 0.5
Defined Benefit Pension Plan [Member]
Weighted average assumptions used in measurement of benefit obligations [Abstract]
Discount rate			3.85%
Weighted average assumptions used in measurement of net cost [Abstract]
Discount rate	3.85%
Expected return on plan assets	6.75%
Rate of compensation increase	0.00%
Other Postretirement Benefit Plans [Member]
Weighted average assumptions used in measurement of benefit obligations [Abstract]
Discount rate			3.85%
Weighted average assumptions used in measurement of net cost [Abstract]
Discount rate	3.85%
Expected return on plan assets	0.00%
Rate of compensation increase	0.00%

Pension Plan and Other Postretirement Benefits, Asset Allocation (Details) - Ntelos Holding, Corp [Member] $ in Thousands	May 06, 2016 USD ($) BondFund
Defined Benefit Plan Disclosure [Line Items]
Actual allocations	100.00%
Fair value of plan assets	$ 22,813
Target allocations	100.00%
Number of bond funds \| BondFund	2
Large Cap Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual allocations	32.00%
Fair value of plan assets	$ 7,244
Mid Cap Blend [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual allocations	9.00%
Fair value of plan assets	$ 2,026
Small Cap Blend [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual allocations	5.00%
Fair value of plan assets	$ 1,151
Foreign Stock - Large Cap [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual allocations	30.00%
Fair value of plan assets	$ 6,867
Bond [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual allocations	20.00%
Fair value of plan assets	$ 4,611
Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual allocations	4.00%
Fair value of plan assets	$ 914
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual allocations	76.00%
Target allocations, minimum	65.00%
Target allocations, maximum	75.00%
Bond Securities and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual allocations	24.00%
Target allocations, minimum	25.00%
Target allocations, maximum	35.00%
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Holding percentage of one asset in bond fund	4.00%
Holding percentage of one asset in total portfolio	1.00%

Pension Plan and Other Postretirement Benefits, Future Benefit Plan Payments (Details) - Ntelos Holding, Corp [Member] $ in Thousands	2 Months Ended	6 Months Ended
	Jun. 30, 2016 USD ($)	Jun. 30, 2016 USD ($)
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected net periodic benefit cost	$ (62)	$ 100
Estimated Future Benefit Payments [Abstract]
2016	371	371
2017	700	700
2018	720	720
2019	768	768
2020	868	868
Aggregate of next five years	6,219	6,219
Other Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected net periodic benefit cost	126	100
Estimated Future Benefit Payments [Abstract]
2016	96	96
2017	136	136
2018	131	131
2019	134	134
2020	142	142
Aggregate of next five years	$ 977	$ 977