0001628280-22-004265 | 10-K | XBRL Viewer | Shenandoah Telecommunications Cova

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CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 84,344	$ 195,397
Accounts receivable, net of allowance for doubtful accounts of $352 and $614, respectively	22,005	70,393
Income taxes receivable	30,188	0
Prepaid expenses and other	29,830	7,522
Current assets held for sale	0	1,133,294
Total current assets	166,367	1,406,606
Investments	13,661	13,769
Property, plant and equipment, net	554,162	440,427
Goodwill and Intangible assets, net	89,831	106,759
Operating lease right-of-use assets	56,414	50,387
Deferred charges and other assets	10,298	6,448
Total assets	890,733	2,024,396
Current liabilities:
Current maturities of long-term debt, net of unamortized loan fees	0	688,463
Accounts payable	28,542	19,599
Advanced billings and customer deposits	11,128	8,594
Accrued compensation	9,653	16,413
Income taxes payable	0	6,951
Current operating lease liabilities	3,318	1,970
Accrued liabilities and other	14,649	13,869
Current liabilities held for sale	0	452,202
Total current liabilities	67,290	1,208,061
Other long-term liabilities:
Deferred income taxes	86,014	148,684
Asset retirement obligations	9,615	4,955
Benefit plan obligations	8,216	14,645
Non-current operating lease liabilities	51,692	46,095
Other liabilities	25,631	24,905
Total other long-term liabilities	181,168	239,284
Commitments and contingencies
Shareholders’ equity:
Common stock, no par value, authorized 96,000; 49,965 and 49,868 issued and outstanding at December 31, 2021 and 2020, respectively	0	0
Additional paid in capital	49,351	47,317
Retained earnings	592,924	534,440
Accumulated other comprehensive loss, net of taxes	0	(4,706)
Total shareholders’ equity	642,275	577,051
Total liabilities and shareholders’ equity	$ 890,733	$ 2,024,396

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 352	$ 614
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	96,000,000	96,000,000
Common stock, shares issued (in shares)	49,965,000	49,868,000
Common stock, shares outstanding (in shares)	49,965,000	49,868,000

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue:
Service revenue and other	$ 245,239	$ 220,775	$ 206,862
Operating expenses
Cost of services	102,299	89,657	83,572
Selling, general and administrative	82,451	85,016	77,846
Restructuring expense	1,727	0	0
Impairment expense	5,986	0	0
Depreciation and amortization	55,206	48,703	46,786
Total operating expenses	247,669	223,376	208,204
Operating loss	(2,430)	(2,601)	(1,342)
Other income, net	8,665	3,187	3,280
Income before income taxes	6,235	586	1,938
Income tax (benefit) expense	(1,694)	(990)	6
Income from continuing operations	7,929	1,576	1,932
Discontinued operations:
Income from discontinued operations, net of tax	94,667	124,097	53,568
Gain on the sale of discontinued operations, net of tax	896,235	0	0
Total income from discontinued operations, net of tax	990,902	124,097	53,568
Net income	998,831	125,673	55,500
Other comprehensive income:
Net gains (losses) on interest rate swaps, net of tax	4,706	(5,014)	(7,972)
Comprehensive income	$ 1,003,537	$ 120,659	$ 47,528
Net income per share, basic and diluted:
Basic - Income from continuing operations (in dollars per share)	$ 0.16	$ 0.03	$ 0.04
Basic - Income from discontinued operations, net of tax (in dollars per share)	19.81	2.49	1.07
Basic net income per share (in dollars per share)	19.97	2.52	1.11
Diluted - Income from continuing operations (in dollars per share)	0.16	0.03	0.04
Diluted - Income from discontinued operations, net of tax (in dollars per share)	19.76	2.48	1.07
Diluted net income per share (in dollars per share)	$ 19.92	$ 2.51	$ 1.11
Weighted average shares outstanding, basic (in shares)	50,026	49,901	49,811
Weighted average shares outstanding, diluted (in shares)	50,149	50,024	50,101
Cash dividend declared per share (in dollars per share)	$ 18.82	$ 0.34	$ 0.29

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Pre-Adjustment	Error Correction	Shares of Common Stock (no par value)	Shares of Common Stock (no par value) Pre-Adjustment	Additional Paid in Capital	Additional Paid in Capital Pre-Adjustment	Retained Earnings	Retained Earnings Pre-Adjustment	Retained Earnings Error Correction	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Pre-Adjustment
Beginning balance (in shares) at Dec. 31, 2018				49,630,000	49,630,000
Beginning balance at Dec. 31, 2018	$ 440,394	$ 444,232	$ (3,838)			$ 47,456	$ 47,456	$ 384,658	$ 388,496	$ (3,838)	$ 8,280	$ 8,280
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	55,500	55,956	(456)					55,500
Net gain on interest rate swaps, net of tax	(7,972)										(7,972)
Dividends declared	(14,442)							(14,442)
Dividends reinvested in common stock (in shares)				14,000
Dividends reinvested in common stock	499					499
Share repurchases (in shares)				(200,000)
Share repurchases	(7,231)					(7,231)
Stock based compensation (in shares)				184,000
Stock based compensation	4,182					4,182
Stock options exercised (in shares)				29,000
Stock options exercised	81					81
Common stock issued	34					34
Shares retired for settlement of employee taxes upon issuance of vested equity awards (in shares)				(62,000)
Shares retired for settlement of employee taxes upon issuance of vested equity awards	(2,911)					(2,911)
Common stock issued to acquire a non-controlling interests of nTelos (in shares)				76,000
Ending balance (in shares) at Dec. 31, 2019				49,671,000
Ending balance at Dec. 31, 2019	468,134					42,110		425,716			308
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	125,673	$ 126,723	$ (1,050)					125,673
Net gain on interest rate swaps, net of tax	(5,014)										(5,014)
Dividends declared	(16,950)							(16,950)
Dividends reinvested in common stock	(2)					(2)
Stock based compensation (in shares)				156,000
Stock based compensation	6,833					6,833
Stock options exercised	36					36
Common stock issued (in shares)				1,000
Common stock issued	31					31
Annual dividend reinvestment (in shares)				12,000
Annual dividend reinvestment	526					526
Shares retired for settlement of employee taxes upon issuance of vested equity awards (in shares)				(48,000)
Shares retired for settlement of employee taxes upon issuance of vested equity awards	$ (2,217)					(2,217)
Common stock issued to acquire a non-controlling interests of nTelos (in shares)				76,000
Ending balance (in shares) at Dec. 31, 2020	49,868,000			49,868,000
Ending balance at Dec. 31, 2020	$ 577,051					47,317		534,440			(4,706)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	998,831							998,831
Net gain on interest rate swaps, net of tax	4,706										4,706
Dividends declared	(940,347)							(940,347)
Stock based compensation (in shares)				133,000
Stock based compensation	3,661					3,661
Shares retired for settlement of employee taxes upon issuance of vested equity awards (in shares)				(36,000)
Shares retired for settlement of employee taxes upon issuance of vested equity awards	$ (1,627)					(1,627)
Ending balance (in shares) at Dec. 31, 2021	49,965,000			49,965,000
Ending balance at Dec. 31, 2021	$ 642,275					$ 49,351		$ 592,924			$ 0

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 998,831	$ 125,673	$ 55,500
Income from discontinued operations, net of tax	990,902	124,097	53,568
Income from continuing operations	7,929	1,576	1,932
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	54,389	47,964	46,313
Amortization	817	739	473
Accretion of asset retirement obligations	421	333	410
Bad debt expense	1,028	1,220	1,743
Stock based compensation expense, net of amount capitalized	3,408	5,907	3,367
Deferred income taxes	22,263	14,906	16,681
Restructuring expense	1,727	0	0
Impairment expense	5,986	0	0
Gain from patronage and investments and other	481	(1,311)	(4,769)
Changes in assets and liabilities:
Accounts receivable	163	(7,318)	(74)
Current income taxes	(25,149)	(15,896)	(16,675)
Operating lease right-of-use assets	4,779	3,980	7,593
Other assets	(7,005)	(2,505)	785
Accounts payable	2,976	(663)	(8,426)
Lease liabilities	(4,333)	(3,067)	(4,987)
Other deferrals and accruals	(6,427)	7,494	(2,037)
Net cash provided by operating activities - continuing operations	63,453	53,359	42,329
Net cash (used) provided by operating activities - discontinued operations	(314,387)	249,508	216,816
Net cash (used) provided by operating activities	(250,934)	302,867	259,145
Cash flows from investing activities:
Capital expenditures	(160,101)	(120,450)	(67,048)
Cash disbursed for acquisitions	0	(1,890)	(10,000)
Cash disbursed for deposit on FCC spectrum leases	0	(16,118)	(16,742)
Proceeds from sale of assets and other	366	370	112
Net cash used in investing activities - continuing operations	(159,735)	(138,088)	(93,678)
Net cash provided (used) in investing activities - discontinued operations	1,944,089	(17,500)	(71,656)
Net cash provided (used) in investing activities	1,784,354	(155,588)	(165,334)
Cash flows from financing activities:
Payments for debt issuance costs	(841)	0	0
Dividends paid, net of dividends reinvested	(940,256)	(16,424)	(13,943)
Share repurchases	0	0	(7,231)
Taxes paid for equity award issuances	(1,627)	(2,217)	(2,910)
Payments for financing arrangements and other	(1,193)	(769)	36
Net cash used in financing activities - continuing operations	(943,917)	(19,410)	(24,048)
Net cash used in financing activities - discontinued operations	(700,556)	(34,123)	(53,198)
Net cash used in financing activities	(1,644,473)	(53,533)	(77,246)
Net (decrease) increase in cash and cash equivalents	(111,053)	93,746	16,565
Cash and cash equivalents, beginning of period	195,397	101,651	85,086
Cash and cash equivalents, end of period	$ 84,344	$ 195,397	$ 101,651

Nature of Operations

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Nature of Operations

Shenandoah Telecommunications Company and its subsidiaries (collectively, the “Company”) provide broadband data, video and voice services to residential and commercial customers in portions of Virginia, West Virginia, Maryland, Pennsylvania and Kentucky, via fiber optic, hybrid fiber coaxial cable, and fixed wireless networks. We also lease dark fiber and provide Ethernet and Wavelength fiber optic services to enterprise and wholesale customers throughout the entirety of our service area. The Broadband segment also provides voice and DSL telephone services to customers in Virginia’s Shenandoah County and portions of adjacent counties as a Rural Local Exchange Carrier (“RLEC”). These integrated networks are connected by a fiber network. All of these operations are contained within our Broadband reporting segment.

Our Tower segment owns 223 cell towers and leases colocation space on those towers to wireless communications providers, refer to Note 15, Segment Reporting, for additional information.

Revision of Prior Period Financial Statements

Immaterial correction of accumulated error

During 2021, the Company determined that an error existed in our previously issued financial statements related to the capitalization of labor costs associated with customer installation activities at existing service locations for the Broadband segment. These activities were incorrectly recognized as capitalized contract fulfillment costs since the adoption of Accounting Standards Codification 606, Revenue from contracts with customers, (“ASC 606”) on January 1, 2018. The costs should have been expensed according to application of historical accounting policy in place prior to the adoption of ASC 606, and pursuant to industry specific guidance ASC 922 Entertainment – Cable Television. The error was evaluated under the U.S. Securities and Exchange Commission's ("SEC's") authoritative guidance on materiality and the quantification of the effect of prior period misstatements on the Company’s financial statements. Although the Company has determined such error to be immaterial to its prior annual and interim financial statements, the cumulative effect of the error would be material if corrected in the current year. Therefore, the Company revised its historical financial statements to properly reflect the historical accounting policy elected pursuant to ASC 922. The cumulative impact of such error, relative to earnings, for the period prior to 2019 was insignificant.


	As of and for the Year Ended December 31, 2020
($ in thousands)	Pre-Adjustment		Error Correction		Post-Adjustment
Consolidated Balance Sheet:
Prepaid expenses and other	$	9,631	$	(2,109)	$	7,522
Deferred charges and other assets	11,650		(5,202)		6,448
Deferred income taxes	150,652		(1,968)		148,684
Retained earnings	539,783		(5,343)		534,440
Consolidated Statement of Comprehensive Income:
Cost of services	88,203		1,454		89,657
Income before income taxes	2,040		(1,454)		586
Income tax (benefit) expense	(586)		(404)		(990)
Income from continuing operations	2,626		(1,050)		1,576
Net income	126,723		(1,050)		125,673
Comprehensive income	121,709		(1,050)		120,659
Net income per share, basic and diluted:
Basic - Income from continuing operations	$	0.05	$	(0.02)	$	0.03
Basic - Net income per share	$	2.54	$	(0.02)	$	2.52
Diluted - Income from continuing operations	$	0.05	$	(0.02)	$	0.03
Diluted - Net income per share	$	2.53	$	(0.02)	$	2.51


	As of and for the Year Ended December 31, 2019
($ in thousands)	Pre-Adjustment		Error Correction		Post-Adjustment
Consolidated Balance Sheet:
Prepaid expenses and other	$	11,178	$	(2,510)	$	8,668
Deferred charges and other assets	9,267		(3,349)		5,918
Deferred income taxes	137,567		(1,565)		136,002
Retained earnings, beginning of year	388,496		(3,838)		384,658
Retained earnings, end of year	430,010		(4,294)		425,716
Consolidated Statement of Comprehensive Income:
Cost of services	82,949		623		83,572
Income before income taxes	2,561		(623)		1,938
Income tax (benefit) expense	173		(167)		6
Income from continuing operations	2,388		(456)		1,932
Net income	55,956		(456)		55,500
Comprehensive income	47,984		(456)		47,528
Net income per share, basic and diluted:
Basic - Income from continuing operations	$	0.05	$	(0.01)	$	0.04
Basic - Net income per share	$	1.12	$	(0.01)	$	1.11
Diluted - Income from continuing operations	$	0.05	$	(0.01)	$	0.04
Diluted - Net income per share	$	1.12	$	(0.01)	$	1.11

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Principles of consolidation: The accompanying consolidated financial statements include the accounts of Shenandoah Telecommunications Company and all of its wholly owned subsidiaries. All intercompany accounts and transactions for continuing operations have been eliminated in consolidation.

Use of estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States, or the U.S., requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Due to the inherent uncertainty involved in making estimates, actual results to be reported in future periods could differ from our estimates.

Cash and cash equivalents: Cash equivalents include all investments with an original maturity of three months or less. The Company places its temporary cash investments with high credit quality financial institutions. Generally, such investments are in excess of FDIC or SIPC insurance limits.

Property, plant and equipment: Property, plant and equipment is stated at cost less accumulated depreciation. The Company capitalizes all costs associated with the purchase, deployment and installation of property, plant and equipment, including interest costs and internal labor costs on major capital projects during the period of their construction. Maintenance expense is recognized as incurred when repairs are performed that do not extend the life of property, plant and equipment. Expenses for major renewals and improvements, which significantly extend the useful lives of existing property and equipment, are capitalized and depreciated. Depreciation is calculated on the straight-line method over the estimated useful lives of the assets. Labor costs associated with customer installation activities at existing service locations are expensed as incurred under industry specific guidance. Leasehold improvements are depreciated over the lesser of their useful lives or respective lease terms. Land is not depreciated. Refer to Note 6, Property, Plant and Equipment, for additional information.

Indefinite-lived Intangible Assets: Goodwill represents the excess of acquisition costs over the fair value of tangible net assets and identifiable intangible assets of the businesses acquired. Cable franchise rights provide us with the non-exclusive right to provide video services in a specified area. Spectrum licenses are issued by the Federal Communications Commission (“FCC”) and provide us with either an exclusive or priority access right to utilize designated radio frequency spectrum within specific geographic service areas to provide wireless communication services. While some cable franchises and spectrum licenses are issued for a fixed time (generally ten years and up to fifteen years, respectively), renewals have been granted routinely and at nominal costs. The Company believes it will be able to meet all requirements necessary to secure renewal of its cable franchise

rights and spectrum licenses. Moreover, the Company has determined that there are currently no legal, regulatory, contractual, competitive, economic or other factors that limit the useful lives of our cable franchises or spectrum licenses and as a result, we account for cable franchise rights and spectrum licenses as indefinite-lived intangible assets.

Indefinite-lived intangible assets are not amortized, but rather, are subject to impairment testing annually, in the fourth quarter, or whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. These assets are evaluated for impairment based on the identification of reporting units. Our reporting units align with our reporting segments. We evaluated our reporting units for impairment during the fourth quarter of 2021, 2020 and 2019, respectively, on the basis of qualitative factors. Our consideration of qualitative factors included but was not limited to macroeconomic conditions, industry and market conditions, company specific events, changes in circumstances, after tax cash flows and market capitalization trends. We concluded that there were no indicators that a reporting unit impairment was more likely than not during the years ended December 31, 2021, 2020, or 2019.

Long-lived Assets: Finite-lived intangible assets, property, plant, and equipment, and other long-lived assets are amortized or depreciated over their estimated useful lives, as summarized in the respective notes below. These assets are evaluated for impairment based on the identification of asset groups. Our asset groups align with our reportable segments. We evaluated our asset groups for impairment during the fourth quarter of 2021. We concluded that there were no indicators that an asset group impairment was more likely than not during the years ended December 31, 2021, 2020, or 2019.

Advertising Costs: The Company expenses advertising costs and marketing production costs as incurred and includes such costs within selling, general and administrative expenses in the consolidated statements of operations. Advertising expense for the years ended December 31, 2021, 2020 and 2019 was $4.4 million, $2.7 million and $3.5 million, respectively.

Benefit Plan Obligations: The Benefit Plan Obligations caption includes the following:


($ in thousands)	December 31, 2021		December 31, 2020
Pension Plan	$	2,393	$	7,961
Postretirement Medical Benefits Plan	3,506		3,997
Supplemental executive retirement plan ("SERP")	2,317		2,687
Total	$	8,216	$	14,645

The pension plan is a frozen defined benefit plan. Benefits under the plan vested after five years of plan service and were based on years of service and an average of the five highest consecutive years of compensation subject to certain reductions if the employee elects to receive the benefit prior to age 65. This plan was amended on December 31, 2012, to freeze future benefit plan accruals for participants.

As of December 31, 2021 and 2020, the fair value of our Pension Plan assets were $31.1 million and $27.0 million, respectively. These investments are held in mutual funds, and are valued based on the net asset value per share. Our Pension Plan's projected benefit obligation was $33.5 million and $34.9 million, at December 31, 2021 and 2020, respectively. The Pension Plan liability was discounted at 2.74% and 2.41% at December 31, 2021 and 2020, respectively.

On October 13, 2021, the Company adopted a resolution to terminate its pension plan effective December 31, 2021. Following adoption of the resolution, on October 28, 2021, the Company provided notice of intent to terminate the pension plan to participants. The Company expects to complete the termination of the plan, and settle all obligations thereunder, in 2022.

The postretirement medical benefits plan is a frozen, unfunded, defined benefit plan. The postretirement plan liability was discounted at 2.70% and 2.32% at December 31, 2021 and 2020, respectively.

Following our adoption of ASU 2017-17, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, on January 1, 2018, all components of benefit plan expense are presented in Other income, net and our policy is to immediately recognize actuarial gains and losses into earnings.

The SERP is a benefit plan that provides deferred compensation to certain employees. The Company holds investments in a rabbi trust as a source of funding for future payments under the plan. The SERP’s investments were designated as trading securities and will be liquidated and paid out to the participants upon retirement. The benefit obligation to participants is always equal to the value of the SERP assets under ASC 710 Compensation. Changes to the investments’ fair value are presented in Other income, net, while the reciprocal changes in the liability representative of compensatory expense, are presented in selling, general and administrative expense.

New Accounting Standards

In March 2020, the FASB issued ASU 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” This accounting update provides optional accounting relief to entities with contracts, hedge accounting relationships or other transactions that reference London Interbank Offering Rate (LIBOR) or other interest rate benchmarks for which the referenced rate is expected to be discontinued or replaced. This optional relief generally allows for contract modifications solely related to the replacement of the reference rate to be accounted for as a continuation of the existing contract instead of as an extinguishment of the contract, and therefore would not require reassessment of a previous accounting determination. The Company's Credit Agreement has LIBOR as a reference rate. We plan to apply the accounting relief as any relevant contract modifications are made to our Credit Agreement during the course of the reference rate reform transition period. The optional relief can be applied beginning January 1, 2020, and ending December 31, 2022.

We adopted ASU No. 2018-02-Income Statement - Reporting Comprehensive Income, ("ASC 220"), as of January 1, 2019. We elected not to reclassify stranded income tax effects from accumulated other comprehensive income (OCI) to retained earnings. We utilize the portfolio approach as our policy to release the income tax effects from accumulated OCI as the entire portfolio is liquidated, sold, or extinguished.

In November 2021, the FASB issued ASU 2021-10, “Government Assistance (Topic 832), Disclosures by Business Entities About Government Assistance,” which requires entities to provide disclosures on material government assistance transactions for annual reporting periods. The disclosures include information about the nature of the assistance, the related accounting policies used to account for government assistance, the effect of government assistance on the entity’s financial statements and any significant terms and conditions of the agreements, including commitments and contingencies. The new standard is effective for the Corporation on January 1, 2022 and only impacts annual financial statement disclosures. The adoption is not expected to have a material effect on our consolidated financial statements.

Discontinued Operations

12 Months Ended

Dec. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

On August 26, 2020, Sprint Corporation ("Sprint"), an indirect subsidiary of T-Mobile US, Inc., ("T-Mobile"), on behalf of and as the direct or indirect owner of Sprint PCS, delivered notice to the Company exercising its option to purchase the assets and operations of our Wireless operations for 90% of the “Entire Business Value” (as defined under our affiliate agreement and determined pursuant to the appraisal process set forth therein). Shortly thereafter, the Company committed to a plan to sell the discontinued Wireless operations.

On July 1, 2021, pursuant to the previously announced Asset Purchase Agreement (the “Purchase Agreement”), dated May 28, 2021, between Shentel and T-Mobile, Shentel completed the sale to T-Mobile of its Wireless assets and operations for cash consideration of approximately $1.94 billion, inclusive of the approximately $60 million settlement of the waived management fees by Sprint, and net of certain transaction expenses (the “Transaction”).

The assets and liabilities that transferred in the sale (the "disposal group") were presented as held for sale within our historical consolidated balance sheets, and discontinued operations within our historical consolidated statements of comprehensive income.

The transaction was structured as an asset sale for income tax purposes. As a result, no current or deferred tax assets or liabilities were included within the disposal group. While the Company’s long-term debt did not transfer in the sale, its provisions required full repayment of all outstanding amounts, concurrent with the consummation of the sale. Accordingly, all debt balances and related interest rate swap liabilities were therefore presented outside of the disposal group as a current liability as of December 31, 2020, and. the related interest expense and debt extinguishment costs were presented within discontinued operations under the relevant authoritative guidance.

The carrying amounts of the major classes of assets and liabilities, classified as held for sale in the consolidated balance sheets, were as follows:


(in thousands)	December 31, 2020
ASSETS
Inventory	$	5,746
Prepaid expenses and other	47,003
Property, plant and equipment, net	299,647
Intangible assets, net	176,459
Goodwill	146,383
Operating lease right-of-use assets	421,586
Deferred charges and other assets	36,470
Current assets held for sale	$	1,133,294

LIABILITIES
Current operating lease liabilities	$	409,887
Accrued liabilities and other	8,770
Asset retirement obligations	33,545
Current liabilities held for sale	$	452,202

Income from discontinued operations, net of tax in the consolidated statements of comprehensive income consist of the following for the years ended December 31, 2021, 2020 and 2019:


(in thousands)
Revenue:	2021		2020		2019
Service revenue and other	$	201,076	$	401,035	$	375,730
Equipment revenue	12,253		41,338		67,659
Total revenue	213,329		442,373		443,389
Operating expenses:
Cost of services	38,144		116,394		128,482
Cost of goods sold	11,964		40,642		65,148
Selling, general and administrative	17,514		34,011		39,128
Severance expense	465		—		—
Depreciation and amortization	—		62,930		111,467
Total operating expenses	68,087		253,977		344,225
Operating income	145,242		188,396		99,164
Other (expense) income:
Debt extinguishment	(11,032)		—		—
Interest expense and other, net	(9,178)		(20,455)		(29,286)
Gain on sale of disposition of Wireless assets and operations	1,227,531		—		—
Income before income taxes	1,352,563		167,941		69,878
Income tax expense	361,661		43,844		16,310
Income from discontinued operations, net of tax	$	990,902	$	124,097	$	53,568

Consummation of the sale triggered the recognition of approximately $21.2 million of incremental selling costs during 2021, for contingent deal advisory fees and severance expenses, which are netted against the gain on sale of disposition of Wireless assets and operations. In addition, also triggered by the disposition event, we recognized an $11.0 million loss on debt extinguishment and incurred interest expense of approximately $2.6 million on the termination of our interest rate swaps in connection with the Wireless sale.

The Company generated $10.2 million in revenue from T-Mobile throughout the remainder of 2021 after the consummation of the sale.

Revenue from Contracts with Customers

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

Our Broadband segment provides broadband data, video and voice services to residential and commercial customers in portions of Virginia, West Virginia, Maryland, Pennsylvania and Kentucky, via fiber optic, hybrid fiber coaxial cable, and fixed wireless networks. The Broadband segment also provides voice and DSL telephone services to customers in Virginia’s Shenandoah County and portions of adjacent counties as a Rural Local Exchange Carrier (“RLEC”).

These contracts are generally cancellable at the customer’s discretion without penalty at any time. We allocate the total transaction price in these transactions based upon the standalone selling price of each distinct good or service. We generally recognize these revenues over time as customers simultaneously receive and consume the benefits of the service, with the exception of equipment sales and home wiring, which are recognized as revenue at a point in time when control transfers and when installation is complete, respectively. Installation fees charged upfront without transfer of commensurate goods or services to the customer are allocated to services and are recognized ratably over the longer of the contract term or the period in which the unrecognized fee remains material to the contract, which we estimate to be about one year. Additionally, the Company incurs commission costs related to in-house and third-party vendors which are capitalized and amortized over the expected weighted average customer life which is approximately six years.

Below is a summary of the Broadband segment's capitalized contract acquisition costs:


(in thousands)	2021		2020
Beginning Balance	$	7,358	$	5,147
Commission payments	3,229		4,399
Contract amortization	(2,440)		(2,188)
Ending Balance	$	8,147	$	7,358

Our Broadband segment also provides Ethernet and Wavelength fiber optic services to commercial fiber customers under capacity agreements, and the related revenue is recognized over time. In some cases, non-refundable upfront fees are charged for connecting commercial fiber customers to our fiber network. Those amounts are recognized ratably over the longer of the contract term or the period in which the unrecognized fee remains material to the respective contract. A related contract liability of $3.5 million at December 31, 2021, is expected to be recognized into revenue at the rate of approximately $0.2 million per year.

The Broadband segment also leases dedicated fiber optic strands to customers as part of “dark fiber” agreements, which are accounted for as leases under ASC 842.

Our Tower segment leases space on owned cell towers to our Broadband segment, and to other wireless carriers. Revenue from these leases is accounted for under ASC 842.

Refer to Note 15, Segment Reporting, for a summary of these revenue streams.

No customers accounted for more than 10% of revenue for the years ended December 31, 2021, 2020 and 2019 and no customer made up more than 10% of accounts receivable at December 31, 2021 and December 31, 2020.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 606
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Investments

12 Months Ended

Dec. 31, 2021

Investments [Abstract]

Investments

Investments consist of the following:


(in thousands)	December 31, 2021		December 31, 2020
SERP Investments at fair value	$	2,317	$	2,687
Cost method investments	11,004		10,536
Equity method investments	340		546
Total investments	$	13,661	$	13,769

SERP Investments at fair value: The Company holds the SERP investments in a rabbi trust as a source of funding for future payments under the plan. The SERP’s investments were designated as trading securities and will be liquidated and paid out to the participants six months after retirement. The benefit obligation to participants is always equal to the value of the SERP assets under ASC 710, Compensation.

Cost Method Investments: Our investment in CoBank’s Class A common stock, derived from the CoBank patronage program, represented substantially all of our cost method investments with a balance of $10.3 million and $9.8 million at December 31, 2021 and 2020, respectively. We recognized approximately $2.0 million, $4.2 million and $4.2 million of patronage income in Other income (expense) in 2021, 2020 and 2019, respectively. Historically, approximately 75% of the patronage distributions were collected in cash and 25% in equity.

Equity Method Investments: At December 31, 2021, the Company had a 20.0% ownership interest in Valley Network Partnership (“ValleyNet”). The Company and ValleyNet purchase capacity on one another’s fiber network. We recognized revenue of $0.7 million, $0.9 million, and $1.0 million from providing service to ValleyNet during 2021, 2020, and 2019, respectively. We recognized cost of service of $1.2 million, $2.7 million, and $3.0 million for the use of ValleyNet’s network during 2021, 2020, and 2019, respectively.

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment consisted of the following:


($ in thousands)	Estimated Useful Lives	December 31, 2021		December 31, 2020
Land		$	3,771	$	3,909
Land improvements	10 years	3,478		2,910
Buildings and structures	10 - 45 years	96,323		91,335
Cable and fiber	15 - 30 years	453,405		390,209
Equipment and software	4 - 8 years	391,293		331,047
Plant in service		948,270		819,410
Plant under construction		79,963		49,417
Total property, plant and equipment		1,028,233		868,827
Less: accumulated amortization and depreciation		474,071		428,400
Property, plant and equipment, net		$	554,162	$	440,427

Property, plant and equipment net, increased due primarily to capital expenditures in the Broadband segment driven by our Glo Fiber market expansion. In Q4 2021, the Company ceased expansion of its Beam network, resulting in abandonment of related property, plant and equipment. Consequently, the Company recorded $6.0 million of impairment charges related to abandonment of Beam property, plant and equipment after estimating the salvage value based on quoted prices for the assets.

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

The Company's intangible assets consisted of the following:


	December 31, 2021						December 31, 2020
(in thousands)	Gross Carrying Amount		Accumulated Amortization and Other		Net		Gross Carrying Amount		Accumulated Amortization and Other		Net
Goodwill - Broadband	$	3,244	$	—	$	3,244	$	3,244	$	—	$	3,244
Indefinite-lived intangibles:
Cable franchise rights	$	64,334	$	—	$	64,334	$	64,334	$	—	$	64,334
FCC spectrum licenses	13,839		—		13,839		29,958		—		29,958
Railroad crossing rights	141		—		141		141		—		141
Total indefinite-lived intangibles	78,314		—		78,314		94,433		—		94,433

Finite-lived intangibles:
FCC spectrum licenses	6,811		(672)		6,139		6,811		(340)		6,471
Subscriber relationships	28,425		(26,451)		1,974		28,425		(26,000)		2,425
Other intangibles	463		(303)		160		463		(277)		186
Total finite-lived intangibles	35,699		(27,426)		8,273		35,699		(26,617)		9,082
Total goodwill and intangible assets	$	117,257	$	(27,426)	$	89,831	$	133,376	$	(26,617)	$	106,759

During the third quarter of 2020, the Company was awarded certain indefinite-lived Citizens Broadband Radio Service ("CBRS") spectrum licenses to be used within the Broadband segment. The Company paid an aggregate deposit of $16.1 million with the licenses subject to final approval and issuance by the Federal Communications Commission (“FCC”). The licenses will provide us priority access rights over general access users other than incumbents, in that specific band, in accordance with the FCC’s three-tier CBRS band spectrum sharing framework to utilize designated radio frequency spectrum within specific geographic service areas to provide wireless communication services. The FCC has delayed the issuance of the licenses because the allowable spectrum ownership levels for certain of our investors would be exceeded should the licenses be issued. The Company is currently in discussions with the FCC and is considering to forego the issuance of certain licenses included in this transaction covering 15 markets with a cost basis of approximately $4.5 million in exchange for a refund and expects resolution in early 2022. The entire deposit of $16.1 million is classified within prepaid expenses and other in the Company's consolidated balance sheet as of December 31, 2021.

For the years ended December 31, 2021, 2020 and 2019, amortization expense was approximately $0.8 million, $0.7 million and $0.5 million, respectively.

Our finite-lived intangible assets are amortized over the following estimated useful lives:


						Estimated Useful Life
FCC spectrum licenses						18 - 30 years
Subscriber relationships						3 - 10 years
Other intangibles						15 - 20 years

The following table summarizes expected amortization of intangible assets at December 31, 2021:


(in thousands)	Amortization of Intangible Assets

2022	$	772
2023	772
2024	772
2025	768
2026	427
Thereafter	4,762
Total	$	8,273

Other Assets and Accrued Liabilities

12 Months Ended

Dec. 31, 2021

Other Liabilities Disclosure [Abstract]

Other Assets and Accrued Liabilities

Prepaid expenses and other, classified as current assets, included the following:


(in thousands)	December 31, 2021		December 31, 2020
Deposit for FCC spectrum licenses	$	16,118	$	—
Prepaid maintenance expenses	8,391		4,018
Broadband contract acquisition costs	2,502		2,308
SERP investments	801		—
Other	2,018		1,196
Prepaid expenses and other	$	29,830	$	7,522

Deferred charges and other assets, classified as long-term assets, included the following:


(in thousands)	December 31, 2021		December 31, 2020
Broadband contract acquisition costs	$	5,645	$	5,050
Prepaid expenses and other	4,653		1,398
Deferred charges and other assets	$	10,298	$	6,448

Accrued liabilities and other, classified as current liabilities, included the following:


(in thousands)	December 31, 2021		December 31, 2020
Interest rate swaps	$	—	$	4,048
Accrued programming costs	3,084		2,868
Sales and property taxes payable	1,065		1,072
Restructuring accrual	1,761		—
Other current liabilities	8,739		5,881
Accrued liabilities and other	$	14,649	$	13,869

Other liabilities, classified as long-term liabilities, included the following:


(in thousands)	December 31, 2021		December 31, 2020
Noncurrent portion of deferred lease revenue	$	19,749	$	18,687
FCC spectrum license obligations	3,807		3,845
Noncurrent portion of financing leases	1,614		1,492
Other	461		881
Other liabilities	$	25,631	$	24,905

Restructuring activities

During 2021, in connection with the disposition of our Wireless segment, we implemented a restructuring plan whereby certain employees were notified of their pending dismissal under the workforce reduction program. The following table identifies severance activity that has occurred as a result of the plan:


(in thousands)	Year Ended December 31, 2021
Beginning Balance January 1, 2021	$	—
Expense (1)	3,862
Payments (2)	(2,101)
Ending Balance - December 31, 2021	$	1,761

_______________________________________________________

(1)For the year ended December 31, 2021, approximately $2.2 million of expense was recognized within discontinued operations and $1.7 million in continuing operations.

(2)For the year ended December 31, 2021, approximately $1.4 million of payments were attributable to discontinued operations and $0.7 million in continued operations.

Asset Retirement Obligations:

Our asset retirement obligations ("ARO") arise from certain of our leases and generally require us to remove our towers from ground leases. The Company's estimates related to ARO were revised during 2021 resulting in recognition of an additional obligation of $4.3 million. Below is a summary of our current and non-current asset retirement obligations:


	Years Ended December 31,
(in thousands)	2021		2020		2019
Balance at beginning of year	$	5,113	$	6,152	$	8,808
Additional liabilities accrued	4,334		262		593
Changes to prior estimates	(44)		(1,633)		(3,659)
Payments	—		—		—
Accretion expense	421		332		410
Balance at end of year	$	9,824	$	5,113	$	6,152

Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Leases

We adopted ASC 842 on January 1, 2019 using the modified retrospective method. We applied the package of practical expedients and, as a result, did not reassess prior conclusions regarding lease identification, lease classification and initial direct costs under the new standard. In those circumstances where the Company is the lessee, we elected to account for non-lease components associated with our leases (e.g., maintenance costs) and lease components as a single lease component for substantially all of our asset classes.

We lease various telecommunications sites, warehouses, retail stores, and office facilities for use in our business. These agreements include fixed rental payments as well as variable rental payments, such as those based on relevant inflation indices. The accounting lease term includes optional renewal periods that we are reasonably certain to exercise based on our assessment of relevant contractual and economic factors. The related lease payments are discounted at lease commencement using the Company's incremental borrowing rate in order to measure the lease liability and ROU asset.

The incremental borrowing rate is determined using a portfolio approach based on the rate of interest that the Company would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. The Company uses the observable unsecured borrowing rate and risk-adjusts that rate to approximate a collateralized rate. At December 31, 2021, our operating leases had a weighted average remaining lease term of twenty years and a weighted average discount rate of 4.4%. Our finance leases had a weighted average remaining lease term of fourteen years and a weighted average discount rate of 5.2%.

During 2021, we recognized $7.1 million of operating lease expense and $0.6 million of interest and depreciation expense on finance leases. Operating lease expense is presented in cost of service or selling, general and administrative expense based on the use of the relevant facility. Variable lease payments and short-term lease expense were both immaterial. We remitted $5.6 million of operating lease payments during 2021. We also obtained $11.1 million and $6.8 million of leased assets in exchange for new operating lease liabilities recognized during 2021 and 2020, respectively.

The following table summarizes the expected maturity of lease liabilities at December 31, 2021:


(in thousands)	Operating Leases		Finance Leases		Total
2022	$	5,546	$	180	$	5,726
2023	5,159		182		5,341
2024	4,815		184		4,999
2025	4,636		186		4,822
2026	4,150		159		4,309
2027 and thereafter	65,909		1,503		67,412
Total lease payments	90,215		2,394		92,609
Less: Interest	35,205		696		35,901
Present value of lease liabilities	$	55,010	$	1,698	$	56,708

We recognized $11.1 million of operating lease revenue during 2021 related to the cell site colocation space and dedicated fiber optic strands that we lease to our customers, which is included in service and other revenue in the consolidated statements of comprehensive income. Substantially all of our lease revenue relates to fixed lease payments.

Below is a summary of our contractual minimum rental receipts expected under the lease agreements in place at December 31, 2021:


(in thousands)	Operating Leases
2022	$	14,460
2023	12,947
2024	12,083
2025	11,134
2026	8,198
2027 and thereafter	28,915
Total	$	87,737

Leases

The following table summarizes the expected maturity of lease liabilities at December 31, 2021:


(in thousands)	Operating Leases		Finance Leases		Total
2022	$	5,546	$	180	$	5,726
2023	5,159		182		5,341
2024	4,815		184		4,999
2025	4,636		186		4,822
2026	4,150		159		4,309
2027 and thereafter	65,909		1,503		67,412
Total lease payments	90,215		2,394		92,609
Less: Interest	35,205		696		35,901
Present value of lease liabilities	$	55,010	$	1,698	$	56,708

Below is a summary of our contractual minimum rental receipts expected under the lease agreements in place at December 31, 2021:


(in thousands)	Operating Leases
2022	$	14,460
2023	12,947
2024	12,083
2025	11,134
2026	8,198
2027 and thereafter	28,915
Total	$	87,737

Leases

The following table summarizes the expected maturity of lease liabilities at December 31, 2021:


(in thousands)	Operating Leases		Finance Leases		Total
2022	$	5,546	$	180	$	5,726
2023	5,159		182		5,341
2024	4,815		184		4,999
2025	4,636		186		4,822
2026	4,150		159		4,309
2027 and thereafter	65,909		1,503		67,412
Total lease payments	90,215		2,394		92,609
Less: Interest	35,205		696		35,901
Present value of lease liabilities	$	55,010	$	1,698	$	56,708

Below is a summary of our contractual minimum rental receipts expected under the lease agreements in place at December 31, 2021:


(in thousands)	Operating Leases
2022	$	14,460
2023	12,947
2024	12,083
2025	11,134
2026	8,198
2027 and thereafter	28,915
Total	$	87,737

Debt	12 Months Ended
Debt	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt	Debt Our cash payments for interest were $10.4 million and $18.6 million during 2021 and 2020, respectively. As discussed in Note 3, Discontinued Operations, upon consummation of the Transaction, the Company used approximately $681 million of the proceeds received from the sale to fully repay all outstanding principal amounts under, and terminate the Credit Agreement existing as of June 30, 2021 ("Prior Credit Agreement"). On July 1, 2021, the Company entered into a Credit Agreement (the “Credit Agreement”) with various financial institutions thereto (the “Lenders”) and CoBank, ACB, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”). The Credit Agreement provides for three credit facilities (collectively, the “Facilities”), in an aggregate amount equal to $400 million: (i) a $100 million five-year revolving credit facility (the “Revolver”), (ii) a $150 million five-year delay draw amortizing term loan (the “Term Loan A-1”) and (iii) a $150 million seven-year delay draw amortizing term loan (the “Term Loan A-2” and, together with the Term Loan A-1, the “Term Loans”). The Credit Agreement includes a provision under which the Company may request that additional term loans be made to it in an amount not to exceed the sum of (1) the greater of (a) $75 million and (b) 100% of Consolidated EBIDTA (as defined in the Credit Agreement), calculated on a pro forma basis in accordance with the Credit Agreement, plus (2) an additional unlimited amount subject to a maximum Total Net Leverage Ratio (as defined in the Credit Agreement) of 4.00:1.00, calculated on a pro forma basis in accordance with the Credit Agreement, subject to the receipt of commitments from one or more lenders for any such additional term loans and other customary conditions. The Company may use the proceeds from the Revolver and the Term Loans to finance capital expenditures, provide working capital, and for other general corporate purposes of the Company and its subsidiaries, including the payment of fees and expenses in connection with the foregoing. The Term Loans, when drawn upon, are to be repaid in quarterly principal installments commencing on September 30, 2023, with the unpaid balance of the Term Loans due at maturity, as set forth in the Credit Agreement. Interest payments on outstanding loans are required monthly, beginning in the period of the initial and any subsequent draws. Rates for borrowing under the Credit Agreement are based, at the Company’s election, upon whether the borrowing is a LIBOR loan or a base rate loan. LIBOR loans will bear interest at an adjusted LIBOR rate (which shall be no less than 0.00%) plus an applicable margin ranging from 1.50% to 2.75% for the Term Loan A-1 and the Revolver and from 1.50% to 3.00% for the Term Loan A-2, depending on the Company’s Total Net Leverage Ratio. Base rate loans will bear interest at a base rate plus an applicable margin ranging from 0.50% to 1.75% for the Term Loan A-1 and the Revolver and from 0.50% to 2.00% for the Term Loan A-2, depending on the Company’s Total Net Leverage Ratio. In addition, under the terms of the Credit Agreement, the Company agrees to pay the Lenders a fee on undrawn portions of the Term Loans and Revolver from time to time. This fee rate is dependent on the Company’s Total Net Leverage Ratio and ranges from a rate per annum equal to 0.200% to 0.375%. The Credit Agreement contains representations and warranties, and affirmative and negative financial covenants usual and customary for similar secured credit facilities, each of which are applicable to the Company and its subsidiaries, including covenants governing 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, enter into transactions with affiliated persons, make investments or change the nature of the Company’s and its subsidiaries’ businesses. The Company is also subject to certain financial covenants to be measured on a trailing twelve month basis on the last day of each calendar quarter. These covenants include: •maintaining a Total Net Leverage Ratio (as defined in the Credit Agreement) not greater than 4.25 to 1.00 (subject to customary increased leverage periods following certain qualifying acquisitions); and •maintaining a Debt Service Coverage Ratio (as defined in the Credit Agreement) not less than 2.00 to 1.00. Indebtedness outstanding under any of the Facilities may be accelerated upon the occurrence of an Event of Default (as defined in the Credit Agreement). As of December 31, 2021, the Company had not drawn on the Term Loans or the Revolver and was in compliance with the financial covenants in its credit agreements. The International Exchange (ICE) Benchmark Administration (the “IBA”) ceased the publication of one-week and two-month LIBOR on December 31, 2021 and expects to phase-out the remaining tenors (overnight, one-month, three-month, six-month and 12-month) on June 30, 2023. Our term loans and revolver identify LIBOR as a reference rate for tenors ceasing on June 30, 2023 and mature after 2023. Alternative reference rates that replace LIBOR may not yield the same or similar economic results over the terms of the financial instruments. The transition from LIBOR could result in us paying higher or lower interest rates on our current LIBOR-indexed Term Loans. Our Credit Agreement includes provisions that provide for the identification of a LIBOR replacement rate. Due to the uncertainty regarding the transition from LIBOR-indexed financial instruments and the manner in which an alternative reference rate will apply, we cannot yet reasonably estimate the expected financial impact of the LIBOR transition. Any changes to the reference rate will be agreed through an amendment to the Credit Agreement and are expected to reference the Secured Overnight Financing Rate, though the timing of such amendment and applicability to any future amounts owed under the Credit Agreement are not certain at this time.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Derivatives and Hedging

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives and Hedging

As discussed in Note 3, Discontinued Operations, upon consummation of the Transaction, the Company used approximately $2.6 million of the proceeds received from the sale to fully satisfy its obligations under, and terminate, the interest rate swaps. Amounts reclassified from accumulated other comprehensive income (loss) are presented as part of income from discontinued operations.

The table below summarizes changes in accumulated other comprehensive income (loss) by component, including the reclassification from accumulated other comprehensive income (loss) into earnings following the swap termination:


(in thousands)	(Losses) Gains on Cash Flow Hedges		Income Tax (Expense) Benefit		Accumulated Other Comprehensive (Loss) Income, net of taxes
Balance as of December 31, 2020	$	(4,048)	$	(658)	$	(4,706)
Other comprehensive income (loss) before reclassifications	1,447		(361)		1,086
Amounts reclassified from accumulated other comprehensive income (loss) to interest expense	2,601		1,019		3,620
Net current period other comprehensive (loss) income	4,048		658		4,706
Balance as of December 31, 2021	$	—	$	—	$	—

Income Taxes

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Income Taxes

The Company files a consolidated U.S. federal income tax return and various state income tax returns. The provision for the federal and state income taxes attributable to income (loss) consists of the following components:


	Years Ended December 31,
(in thousands)	2021			2020			2019
Current (benefit) expense
Federal taxes	$	(21,392)		$	(13,748)		$	(16,393)
State taxes	(2,565)			(2,148)			(282)
Total current provision	(23,957)			(15,896)			(16,675)
Deferred expense (benefit)
Federal taxes	25,518			13,325			16,286
State taxes	(3,255)			1,581			395
Total deferred provision	22,263			14,906			16,681
Income tax (benefit) expense	$	(1,694)		$	(990)		$	6
Effective tax rate	(27.2)		%	(168.9)		%	0.3		%

A reconciliation of income tax expense (benefit) determined by applying the federal and state tax rates to income before income taxes is as follows:


	Years Ended December 31,
(in thousands)	2021		2020		2019
Expected tax expense at federal statutory	$	1,310	$	24	$	371
State income taxes, net of federal tax effect	438		54		15
Revaluation of deferred tax liabilities	(5,206)		—		—
Stranded tax effects reclassified from other comprehensive income	1,620		—		—
Excess tax benefit from share based compensation and other expense, net	144		(1,068)		(380)
Income tax (benefit) expense	$	(1,694)	$	(990)	$	6

The effective tax rate in 2021 decreased from 2020, primarily as a result of recognition of non-cash deferred tax benefits triggered by the disposition of Wireless assets and operations, (see Note 3 – Discontinued Operations), which drove a reduction in the Company’s future estimated tax rate, as apportionable income and expenses for higher tax rate jurisdictions was reduced, resulting in a revaluation of deferred tax liabilities during the year ended December 31, 2021.

The Company's net cash payments for income taxes were $459.1 million in the year ended December 31, 2021, which included $434.3 million of payments related to the taxable gain from the sale of the Wireless business. The Company's cash payments for income taxes were $11.2 million in the year ended December 31, 2020.

Deferred tax assets and liabilities are measured using enacted tax rates that are expected to apply in the year of reversal or settlement and arise from temporary differences between the US GAAP and tax bases of the following assets and liabilities:


(in thousands)	December 31, 2021		December 31, 2020
Deferred tax assets:
Leases	$	15,483	$	123,129
Asset retirement obligations	2,581		10,403
Net operating loss carry-forwards	5,878		7,723
Pension liabilities	2,148		3,868
Accruals and stock based compensation	2,572		3,093
Other	6,300		5,002
Total gross deferred tax assets	34,962		153,218
Less valuation allowance	—		—
Net deferred tax assets	34,962		153,218

Deferred tax liabilities:
Property, plant and equipment	92,449		127,602
Leases	15,410		126,458
Intangible assets	10,710		25,722
Prepaid assets and other	2,407		22,120
Total gross deferred tax liabilities	120,976		301,902
Net deferred tax liabilities	$	86,014	$	148,684

In assessing the ability to realize deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon generating future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, taxable income in prior carryback years if available and tax planning strategies in making this assessment. Based upon the level of historical taxable income, projections for future taxable income over the periods for which the deferred tax assets are deductible, and the option to elect out of bonus depreciation on in-serviced fixed assets, the Company believes it more likely than not that the net deferred tax assets will be realized.

The Company has a deferred tax asset of $5.9 million related to federal and various state net operating losses. As of December 31, 2021, the Company had approximately $27.8 million of federal net operating losses expiring through 2027. The Company also had approximately $0.3 million of state net operating losses expiring through 2036.

As of December 31, 2021 and 2020, the Company had no unrecognized tax benefits.

The Company is not currently subject to state or federal income tax audits as of December 31, 2021. The Company's returns are generally open to examination from 2018 forward and the net operating losses acquired from nTelos are open to examination from 2002 forward.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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+ Details

Stock Compensation, Earnings per Share, and Dividends

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Stock Compensation, Earnings per Share, and Dividends

The Company's 2014 Stock Incentive Plan ("the Plan") allows for the grant of equity based incentive compensation to all employees. The Plan authorizes grants of up to an additional 3,000,000 shares over a ten-year period beginning in 2014. Under the Plan, grants may take the form of stock awards, awards of options to acquire stock, stock appreciation rights, and other forms of equity based compensation; both options to acquire stock and stock awards were granted.

The Company granted approximately 200 thousand restricted stock units (RSUs) to employees and directors during 2021 at an average market price of $28.99. The Company also granted, approximately 59 thousand performance-based Relative Total Shareholder Return (“RTSR”) awards to employees at an average value of $34.05 during 2020.

On July 2, 2021, the Company’s Board of Directors declared a special dividend of $18.75 per share on the issued and outstanding shares of the Company’s common stock (the “Special Dividend”). On August 4, 2021, in accordance with the Plan, the Company's Board of Directors adopted a resolution to modify the outstanding equity awards to offset the grantees’ loss in intrinsic value caused by the disposition of wireless and the decline in the Company's share price following the Special Dividend. Approximately 81 thousand awards were issued, split between RSUs and RTSRs, as a result of this modification. No other terms or conditions of the outstanding equity awards were modified, no incremental expense was required to be recognized, and there was no significant impact to dilutive securities.

The Company's RSUs generally have service requirements only or performance and service requirements with vesting periods ranging from one year for directors to four years for employees. RTSR awards generally vest over an approximate three year period. The performance factor applied to the RTSR awards is based upon the Company's stock performance compared to a group of peer companies. The actual number of shares to be issued can range from 0% to 150% of the awards granted.

The cost of employee services received in exchange for share-based awards classified as equity is measured using the estimated fair value of the award on the date of the grant, and the related expense is recorded using the straight-line method consistent with the recipient's respective service period.

Stock-based compensation expense was as follows:


	Years Ended December 31,
(in thousands)	2021		2020		2019
Stock compensation expense	$	3,552	$	6,227	$	3,732
Capitalized stock compensation	144		320		365
Stock compensation expense, net	$	3,408	$	5,907	$	3,367

As of December 31, 2021, there was $5.9 million of total unrecognized compensation cost related to non-vested incentive awards that are expected to be recognized over weighted average period of 1.8 years.

We utilize the treasury stock method to calculate the impact on diluted earnings per share that potentially dilutive stock-based compensation awards have. The following table indicates the computation of basic and diluted earnings per share:


	Years Ended December 31,
(in thousands, except per share amounts)	2021		2020		2019
Calculation of net income per share:
Income from continuing operations	$	7,929	$	1,576	$	1,932
Income from discontinued operations, net of tax	$	990,902	$	124,097	$	53,568
Net income	$	998,831	$	125,673	$	55,500
Basic weighted average shares outstanding	50,026		49,901		49,811
Basic net income per share - continuing operations	$	0.16	$	0.03	$	0.04
Basic net income per share - discontinued operations	$	19.81	$	2.49	$	1.07
Basic net income per share	$	19.97	$	2.52	$	1.11

Effect of stock-based compensation awards outstanding:
Basic weighted average shares outstanding	50,026		49,901		49,811
Effect from dilutive shares and options outstanding	123		123		290
Diluted weighted average shares outstanding	50,149		50,024		50,101
Diluted net income per share - continuing operations	$	0.16	$	0.03	$	0.04
Diluted net income per share - discontinued operations	$	19.76	$	2.48	$	1.07
Diluted net income per share	$	19.92	$	2.51	$	1.11

There were approximately 259 thousand anti-dilutive awards outstanding during 2021 and fewer than 110 thousand anti-dilutive awards outstanding during 2020 and 2019.

The Special Dividend was paid on August 2, 2021. The total payout to Shentel shareholders, including amounts reinvested in the Company’s stock via the Company’s Dividend Reinvestment Plan, was approximately $937 million. In addition to the Special Dividend, on October 27, 2021, the Company Board of Directors declared the annual dividend of $0.07 per share on the

issued and outstanding shares of the Company's common stock (the "Annual Dividend"). The Annual Dividend was paid on December 1, 2021. The total payout to Shentel shareholders, including amounts reinvested in the Company’s stock via the Company’s Dividend Reinvestment Plan, was approximately $3 million.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

We are committed to make payments to satisfy our lease liabilities. The scheduled payments under those obligations are summarized in Note 9, Leases. We also have outstanding unconditional purchase commitments to procure marketing services and IT software licenses through 2026 and commitments for licenses to access Educational Broadband Service (“EBS”) spectrum channels through 2039. For the years ended December 31, 2021, 2020 and 2019 we paid $3.4 million, $1.4 million and $0.5 million, respectively, for the marketing services and IT software license purchase commitments. For each of the years ended December 31, 2021, 2020 and 2019, we paid approximately $0.1 million for access to certain EBS spectrum channels. The Company is obligated to make the following future minimum payments under the non-cancelable terms of these commitments as of December 31, 2021:


(in thousands)	Purchase Commitments
2022	$	3,658
2023	2,410
2024	1,385
2025	840
2026	190
2027 and thereafter	109
Total	$	8,592

The Company is subject to claims and legal actions that may arise in the ordinary course of business. The Company does not believe that any of these pending claims or legal actions are either probable or reasonably possible of a material loss.

Segment Reporting

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting The divestiture of our Wireless operations on July 1, 2021 represented a strategic shift in the Company’s business which therefore qualified the segment as a discontinued operation. As a result, for all periods presented, the operating results and cash flows related to the Wireless segment were reflected as a discontinued operation in our Consolidated Statements of Comprehensive Income and the Consolidated Statements of Cash Flows. The tables below reflect the results of operations of the Company's reportable segments in continuing operations, consistent with internal reporting used by the Company. Intercompany revenue is primarily derived from services provided to the discontinued operation, for periods prior to the divestiture.

Year ended December 31, 2021:


(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	177,530	$	—	$	—	$	177,530
Commercial Fiber	30,842		—		—		30,842
RLEC & Other	15,249		—		—		15,249
Tower lease	—		12,393		—		12,393
Service revenue and other	223,621		12,393		—		236,014
Revenue for service provided to the discontinued Wireless operations	4,459		5,311		(545)		9,225
Total revenue	228,080		17,704		(545)		245,239
Operating expenses
Cost of services	97,283		5,438		(422)		102,299
Selling, general and administrative	47,840		1,197		33,414		82,451
Restructuring expense	202		—		1,525		1,727
Impairment expense	5,986		—		—		5,986
Depreciation and amortization	47,937		2,053		5,216		55,206
Total operating expenses	199,248		8,688		39,733		247,669
Operating income (loss)	$	28,832	$	9,016	$	(40,278)	$	(2,430)

Capital expenditures	$	156,131	$	977	$	2,993	$	160,101

Year ended December 31, 2020:


(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	154,956	$	—	$	—	$	154,956
Commercial Fiber	24,431		—		—		24,431
RLEC & Other	15,971		—		—		15,971
Tower lease	—		7,402		—		7,402
Service revenue and other	195,358		7,402		—		202,760
Revenue for service provided to the discontinued Wireless operations	8,989		9,653		(627)		18,015
Total revenue	204,347		17,055		(627)		220,775
Operating expenses
Cost of services	84,893		4,896		(132)		89,657
Selling, general and administrative	39,472		1,430		44,114		85,016
Depreciation and amortization	41,076		1,906		5,721		48,703
Total operating expenses	165,441		8,232		49,703		223,376
Operating income (loss)	$	38,906	$	8,823	$	(50,330)	$	(2,601)

Capital expenditures	$	117,246	$	2,001	$	1,203	$	120,450

Year ended December 31, 2019:


(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	142,290	$	—	$	—	$	142,290
Commercial Fiber	23,004		—		—		23,004
RLEC & Other	18,257		—		—		18,257
Tower lease	—		6,965		—		6,965
Service revenue and other	183,551		6,965		—		190,516
Revenue for service provided to the discontinued Wireless operations	10,392		6,020		(66)		16,346
Total revenue	193,943		12,985		(66)		206,862
Operating expenses
Cost of services	79,858		3,777		(63)		83,572
Selling, general and administrative	33,545		937		43,364		77,846
Depreciation and amortization	38,566		1,976		6,244		46,786
Total operating expenses	151,969		6,690		49,545		208,204
Operating income (loss)	$	41,974	$	6,295	$	(49,611)	$	(1,342)

Capital expenditures	$	60,627	$	921	$	5,500	$	67,048

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


	Years Ended December 31,
(in thousands)	2021		2020		2019
Total consolidated operating loss	$	(2,430)	$	(2,601)	$	(1,342)
Other income, net	8,665		3,187		3,280
Income from continuing operations before income taxes	$	6,235	$	586	$	1,938

The Company’s CODM does not currently review total assets by segment since the assets are centrally managed and some of the assets are shared by the segments, accordingly total assets by segment are not applicable.

- 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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Quarterly Results (unaudited)

12 Months Ended

Dec. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results (unaudited)

The following table reflects selected quarterly results for the Company. Amounts were adjusted from their previous presentation as a result of the error correction discussed in Note 1.


	Three Months Ended
(in thousands, except per share data)	March 31, 2021		June 30, 2021		September 30, 2021		December 31, 2021
Revenue	$	59,691	$	60,700	$	62,244	$	62,604
Operating income (loss)	2,230		2,390		851		(7,901)
Income (loss) from continuing operations	2,945		1,626		6,495		(3,137)
Income (loss) from discontinued operations, net of tax	48,472		51,566		(406)		(4,965)
Gain on the sale of discontinued operations, net of tax	—		—		886,732		9,503
Net income	51,417		53,192		892,821		1,401

Basic - Income (loss) from continuing operations	$	0.06	$	0.03	$	0.13	$	(0.06)
Basic - Income from discontinued operations, net of tax	$	0.97	$	1.04	$	17.73	$	0.09
Basic net income per share	$	1.03	$	1.07	$	17.86	$	0.03
Diluted - Income (loss) from continuing operations	$	0.06	$	0.03	$	0.13	$	(0.06)
Diluted - Income from discontinued operations, net of tax	$	0.97	$	1.03	$	17.68	$	0.09
Diluted net income per share	$	1.03	$	1.06	$	17.81	$	0.03


	Three Months Ended
(in thousands except per share data)	March 31, 2020		June 30, 2020		September 30, 2020		December 31, 2020
Revenue	$	53,134	$	54,336	$	55,173	$	58,132
Operating income (loss)	(1,648)		(2,361)		(121)		1,529
Income (loss) from continuing operations	(55)		(893)		985		1,539
Income from discontinued operations, net of tax	13,129		29,784		33,509		47,675
Net income	13,074		28,891		34,494		49,214

Basic - Income (loss) from continuing operations	$	—	$	(0.02)	$	0.02	$	0.03
Basic - Income from discontinued operations, net of tax	$	0.26	$	0.60	$	0.67	$	0.96
Basic net income per share	$	0.26	$	0.58	$	0.69	$	0.99
Diluted - Income (loss) from continuing operations	$	—	$	(0.02)	$	0.02	$	0.03
Diluted - Income from discontinued operations, net of tax	$	0.26	$	0.60	$	0.67	$	0.95
Diluted net income per share	$	0.26	$	0.58	$	0.69	$	0.98

Schedule II Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2021

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II Valuation and Qualifying Accounts

Schedule II

Valuation and Qualifying Accounts

Changes in the Company’s allowance for doubtful accounts for accounts receivable for the years ended December 31, 2021, 2020 and 2019 are summarized below:


(in thousands)	Balance at Beginning of Year		Recoveries added to allowance		Bad debt expense		Write-offs		Balance at End of Year
Year Ended December 31, 2021
Allowance for doubtful accounts	$	614	$	530	$	1,028	$	(1,820)	$	352
Year Ended December 31, 2020
Allowance for doubtful accounts	$	533	$	758	$	1,220	$	(1,897)	$	614
Year Ended December 31, 2019
Allowance for doubtful accounts	$	534	$	649	$	1,743	$	(2,393)	$	533

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2021
Accounting Policies [Abstract]
Principles of consolidation	The accompanying consolidated financial statements include the accounts of Shenandoah Telecommunications Company and all of its wholly owned subsidiaries. All intercompany accounts and transactions for continuing operations have been eliminated in consolidation.
Use of estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States, or the U.S., requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Due to the inherent uncertainty involved in making estimates, actual results to be reported in future periods could differ from our estimates.
Cash and cash equivalents	Cash equivalents include all investments with an original maturity of three months or less. The Company places its temporary cash investments with high credit quality financial institutions. Generally, such investments are in excess of FDIC or SIPC insurance limits.
Property, plant and equipment	Property, plant and equipment is stated at cost less accumulated depreciation. The Company capitalizes all costs associated with the purchase, deployment and installation of property, plant and equipment, including interest costs and internal labor costs on major capital projects during the period of their construction. Maintenance expense is recognized as incurred when repairs are performed that do not extend the life of property, plant and equipment. Expenses for major renewals and improvements, which significantly extend the useful lives of existing property and equipment, are capitalized and depreciated. Depreciation is calculated on the straight-line method over the estimated useful lives of the assets. Labor costs associated with customer installation activities at existing service locations are expensed as incurred under industry specific guidance. Leasehold improvements are depreciated over the lesser of their useful lives or respective lease terms. Land is not depreciated. Refer to Note 6, Property, Plant and Equipment, for additional information.
Indefinite-lived Intangible Assets	Goodwill represents the excess of acquisition costs over the fair value of tangible net assets and identifiable intangible assets of the businesses acquired. Cable franchise rights provide us with the non-exclusive right to provide video services in a specified area. Spectrum licenses are issued by the Federal Communications Commission (“FCC”) and provide us with either an exclusive or priority access right to utilize designated radio frequency spectrum within specific geographic service areas to provide wireless communication services. While some cable franchises and spectrum licenses are issued for a fixed time (generally ten years and up to fifteen years, respectively), renewals have been granted routinely and at nominal costs. The Company believes it will be able to meet all requirements necessary to secure renewal of its cable franchise rights and spectrum licenses. Moreover, the Company has determined that there are currently no legal, regulatory, contractual, competitive, economic or other factors that limit the useful lives of our cable franchises or spectrum licenses and as a result, we account for cable franchise rights and spectrum licenses as indefinite-lived intangible assets.Indefinite-lived intangible assets are not amortized, but rather, are subject to impairment testing annually, in the fourth quarter, or whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. These assets are evaluated for impairment based on the identification of reporting units. Our reporting units align with our reporting segments. We evaluated our reporting units for impairment during the fourth quarter of 2021, 2020 and 2019, respectively, on the basis of qualitative factors. Our consideration of qualitative factors included but was not limited to macroeconomic conditions, industry and market conditions, company specific events, changes in circumstances, after tax cash flows and market capitalization trends.
Long-lived Assets	Finite-lived intangible assets, property, plant, and equipment, and other long-lived assets are amortized or depreciated over their estimated useful lives, as summarized in the respective notes below. These assets are evaluated for impairment based on the identification of asset groups. Our asset groups align with our reportable segments. We evaluated our asset groups for impairment during the fourth quarter of 2021.
Advertising Costs	Advertising Costs: The Company expenses advertising costs and marketing production costs as incurred and includes such costs within selling, general and administrative expenses in the consolidated statements of operations.
Retirement plans	The pension plan is a frozen defined benefit plan. Benefits under the plan vested after five years of plan service and were based on years of service and an average of the five highest consecutive years of compensation subject to certain reductions if the employee elects to receive the benefit prior to age 65. This plan was amended on December 31, 2012, to freeze future benefit plan accruals for participants.
New Accounting Standards	New Accounting Standards In March 2020, the FASB issued ASU 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” This accounting update provides optional accounting relief to entities with contracts, hedge accounting relationships or other transactions that reference London Interbank Offering Rate (LIBOR) or other interest rate benchmarks for which the referenced rate is expected to be discontinued or replaced. This optional relief generally allows for contract modifications solely related to the replacement of the reference rate to be accounted for as a continuation of the existing contract instead of as an extinguishment of the contract, and therefore would not require reassessment of a previous accounting determination. The Company's Credit Agreement has LIBOR as a reference rate. We plan to apply the accounting relief as any relevant contract modifications are made to our Credit Agreement during the course of the reference rate reform transition period. The optional relief can be applied beginning January 1, 2020, and ending December 31, 2022. We adopted ASU No. 2018-02-Income Statement - Reporting Comprehensive Income, ("ASC 220"), as of January 1, 2019. We elected not to reclassify stranded income tax effects from accumulated other comprehensive income (OCI) to retained earnings. We utilize the portfolio approach as our policy to release the income tax effects from accumulated OCI as the entire portfolio is liquidated, sold, or extinguished. In November 2021, the FASB issued ASU 2021-10, “Government Assistance (Topic 832), Disclosures by Business Entities About Government Assistance,” which requires entities to provide disclosures on material government assistance transactions for annual reporting periods. The disclosures include information about the nature of the assistance, the related accounting policies used to account for government assistance, the effect of government assistance on the entity’s financial statements and any significant terms and conditions of the agreements, including commitments and contingencies. The new standard is effective for the Corporation on January 1, 2022 and only impacts annual financial statement disclosures. The adoption is not expected to have a material effect on our consolidated financial statements.
Investment	SERP Investments at fair value: The Company holds the SERP investments in a rabbi trust as a source of funding for future payments under the plan. The SERP’s investments were designated as trading securities and will be liquidated and paid out to the participants six months after retirement. The benefit obligation to participants is always equal to the value of the SERP assets under ASC 710, Compensation. Cost Method Investments: Our investment in CoBank’s Class A common stock, derived from the CoBank patronage program, represented substantially all of our cost method investments with a balance of $10.3 million and $9.8 million at December 31, 2021 and 2020, respectively. We recognized approximately $2.0 million, $4.2 million and $4.2 million of patronage income in Other income (expense) in 2021, 2020 and 2019, respectively. Historically, approximately 75% of the patronage distributions were collected in cash and 25% in equity. Equity Method Investments: At December 31, 2021, the Company had a 20.0% ownership interest in Valley Network Partnership (“ValleyNet”). The Company and ValleyNet purchase capacity on one another’s fiber network. We recognized revenue of $0.7 million, $0.9 million, and $1.0 million from providing service to ValleyNet during 2021, 2020, and 2019, respectively. We recognized cost of service of $1.2 million, $2.7 million, and $3.0 million for the use of ValleyNet’s network during 2021, 2020, and 2019, respectively.

Nature of Operations (Tables)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Revision of historical financial statements


	As of and for the Year Ended December 31, 2020
($ in thousands)	Pre-Adjustment		Error Correction		Post-Adjustment
Consolidated Balance Sheet:
Prepaid expenses and other	$	9,631	$	(2,109)	$	7,522
Deferred charges and other assets	11,650		(5,202)		6,448
Deferred income taxes	150,652		(1,968)		148,684
Retained earnings	539,783		(5,343)		534,440
Consolidated Statement of Comprehensive Income:
Cost of services	88,203		1,454		89,657
Income before income taxes	2,040		(1,454)		586
Income tax (benefit) expense	(586)		(404)		(990)
Income from continuing operations	2,626		(1,050)		1,576
Net income	126,723		(1,050)		125,673
Comprehensive income	121,709		(1,050)		120,659
Net income per share, basic and diluted:
Basic - Income from continuing operations	$	0.05	$	(0.02)	$	0.03
Basic - Net income per share	$	2.54	$	(0.02)	$	2.52
Diluted - Income from continuing operations	$	0.05	$	(0.02)	$	0.03
Diluted - Net income per share	$	2.53	$	(0.02)	$	2.51


	As of and for the Year Ended December 31, 2019
($ in thousands)	Pre-Adjustment		Error Correction		Post-Adjustment
Consolidated Balance Sheet:
Prepaid expenses and other	$	11,178	$	(2,510)	$	8,668
Deferred charges and other assets	9,267		(3,349)		5,918
Deferred income taxes	137,567		(1,565)		136,002
Retained earnings, beginning of year	388,496		(3,838)		384,658
Retained earnings, end of year	430,010		(4,294)		425,716
Consolidated Statement of Comprehensive Income:
Cost of services	82,949		623		83,572
Income before income taxes	2,561		(623)		1,938
Income tax (benefit) expense	173		(167)		6
Income from continuing operations	2,388		(456)		1,932
Net income	55,956		(456)		55,500
Comprehensive income	47,984		(456)		47,528
Net income per share, basic and diluted:
Basic - Income from continuing operations	$	0.05	$	(0.01)	$	0.04
Basic - Net income per share	$	1.12	$	(0.01)	$	1.11
Diluted - Income from continuing operations	$	0.05	$	(0.01)	$	0.04
Diluted - Net income per share	$	1.12	$	(0.01)	$	1.11

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of Defined Benefit Plans Disclosures

Benefit Plan Obligations: The Benefit Plan Obligations caption includes the following:


($ in thousands)	December 31, 2021		December 31, 2020
Pension Plan	$	2,393	$	7,961
Postretirement Medical Benefits Plan	3,506		3,997
Supplemental executive retirement plan ("SERP")	2,317		2,687
Total	$	8,216	$	14,645

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The carrying amounts of the major classes of assets and liabilities, classified as held for sale in the consolidated balance sheets, were as follows:


(in thousands)	December 31, 2020
ASSETS
Inventory	$	5,746
Prepaid expenses and other	47,003
Property, plant and equipment, net	299,647
Intangible assets, net	176,459
Goodwill	146,383
Operating lease right-of-use assets	421,586
Deferred charges and other assets	36,470
Current assets held for sale	$	1,133,294

LIABILITIES
Current operating lease liabilities	$	409,887
Accrued liabilities and other	8,770
Asset retirement obligations	33,545
Current liabilities held for sale	$	452,202

Income from discontinued operations, net of tax in the consolidated statements of comprehensive income consist of the following for the years ended December 31, 2021, 2020 and 2019:


(in thousands)
Revenue:	2021		2020		2019
Service revenue and other	$	201,076	$	401,035	$	375,730
Equipment revenue	12,253		41,338		67,659
Total revenue	213,329		442,373		443,389
Operating expenses:
Cost of services	38,144		116,394		128,482
Cost of goods sold	11,964		40,642		65,148
Selling, general and administrative	17,514		34,011		39,128
Severance expense	465		—		—
Depreciation and amortization	—		62,930		111,467
Total operating expenses	68,087		253,977		344,225
Operating income	145,242		188,396		99,164
Other (expense) income:
Debt extinguishment	(11,032)		—		—
Interest expense and other, net	(9,178)		(20,455)		(29,286)
Gain on sale of disposition of Wireless assets and operations	1,227,531		—		—
Income before income taxes	1,352,563		167,941		69,878
Income tax expense	361,661		43,844		16,310
Income from discontinued operations, net of tax	$	990,902	$	124,097	$	53,568

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details

Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Amortized and Capitalized Contract Cost

Below is a summary of the Broadband segment's capitalized contract acquisition costs:


(in thousands)	2021		2020
Beginning Balance	$	7,358	$	5,147
Commission payments	3,229		4,399
Contract amortization	(2,440)		(2,188)
Ending Balance	$	8,147	$	7,358

Investments (Tables)

12 Months Ended

Dec. 31, 2021

Investments [Abstract]

Other Investments

Investments consist of the following:


(in thousands)	December 31, 2021		December 31, 2020
SERP Investments at fair value	$	2,317	$	2,687
Cost method investments	11,004		10,536
Equity method investments	340		546
Total investments	$	13,661	$	13,769

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment consisted of the following:


($ in thousands)	Estimated Useful Lives	December 31, 2021		December 31, 2020
Land		$	3,771	$	3,909
Land improvements	10 years	3,478		2,910
Buildings and structures	10 - 45 years	96,323		91,335
Cable and fiber	15 - 30 years	453,405		390,209
Equipment and software	4 - 8 years	391,293		331,047
Plant in service		948,270		819,410
Plant under construction		79,963		49,417
Total property, plant and equipment		1,028,233		868,827
Less: accumulated amortization and depreciation		474,071		428,400
Property, plant and equipment, net		$	554,162	$	440,427

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Resulting from Acquisition

The Company's intangible assets consisted of the following:


	December 31, 2021						December 31, 2020
(in thousands)	Gross Carrying Amount		Accumulated Amortization and Other		Net		Gross Carrying Amount		Accumulated Amortization and Other		Net
Goodwill - Broadband	$	3,244	$	—	$	3,244	$	3,244	$	—	$	3,244
Indefinite-lived intangibles:
Cable franchise rights	$	64,334	$	—	$	64,334	$	64,334	$	—	$	64,334
FCC spectrum licenses	13,839		—		13,839		29,958		—		29,958
Railroad crossing rights	141		—		141		141		—		141
Total indefinite-lived intangibles	78,314		—		78,314		94,433		—		94,433

Finite-lived intangibles:
FCC spectrum licenses	6,811		(672)		6,139		6,811		(340)		6,471
Subscriber relationships	28,425		(26,451)		1,974		28,425		(26,000)		2,425
Other intangibles	463		(303)		160		463		(277)		186
Total finite-lived intangibles	35,699		(27,426)		8,273		35,699		(26,617)		9,082
Total goodwill and intangible assets	$	117,257	$	(27,426)	$	89,831	$	133,376	$	(26,617)	$	106,759

Schedule of Finite-Lived Intangible Assets

The Company's intangible assets consisted of the following:


	December 31, 2021						December 31, 2020
(in thousands)	Gross Carrying Amount		Accumulated Amortization and Other		Net		Gross Carrying Amount		Accumulated Amortization and Other		Net
Goodwill - Broadband	$	3,244	$	—	$	3,244	$	3,244	$	—	$	3,244
Indefinite-lived intangibles:
Cable franchise rights	$	64,334	$	—	$	64,334	$	64,334	$	—	$	64,334
FCC spectrum licenses	13,839		—		13,839		29,958		—		29,958
Railroad crossing rights	141		—		141		141		—		141
Total indefinite-lived intangibles	78,314		—		78,314		94,433		—		94,433

Finite-lived intangibles:
FCC spectrum licenses	6,811		(672)		6,139		6,811		(340)		6,471
Subscriber relationships	28,425		(26,451)		1,974		28,425		(26,000)		2,425
Other intangibles	463		(303)		160		463		(277)		186
Total finite-lived intangibles	35,699		(27,426)		8,273		35,699		(26,617)		9,082
Total goodwill and intangible assets	$	117,257	$	(27,426)	$	89,831	$	133,376	$	(26,617)	$	106,759

Schedule of Finite Lived Intangible Assets, Amortization, Estimated Useful Lives

Our finite-lived intangible assets are amortized over the following estimated useful lives:


						Estimated Useful Life
FCC spectrum licenses						18 - 30 years
Subscriber relationships						3 - 10 years
Other intangibles						15 - 20 years

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table summarizes expected amortization of intangible assets at December 31, 2021:


(in thousands)	Amortization of Intangible Assets

2022	$	772
2023	772
2024	772
2025	768
2026	427
Thereafter	4,762
Total	$	8,273

Other Assets and Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Other Liabilities Disclosure [Abstract]

Schedule of Other Current Assets

Prepaid expenses and other, classified as current assets, included the following:


(in thousands)	December 31, 2021		December 31, 2020
Deposit for FCC spectrum licenses	$	16,118	$	—
Prepaid maintenance expenses	8,391		4,018
Broadband contract acquisition costs	2,502		2,308
SERP investments	801		—
Other	2,018		1,196
Prepaid expenses and other	$	29,830	$	7,522

Schedule of Other Assets, Noncurrent

Deferred charges and other assets, classified as long-term assets, included the following:


(in thousands)	December 31, 2021		December 31, 2020
Broadband contract acquisition costs	$	5,645	$	5,050
Prepaid expenses and other	4,653		1,398
Deferred charges and other assets	$	10,298	$	6,448

Summary of Accrued Liabilities and Other

Accrued liabilities and other, classified as current liabilities, included the following:


(in thousands)	December 31, 2021		December 31, 2020
Interest rate swaps	$	—	$	4,048
Accrued programming costs	3,084		2,868
Sales and property taxes payable	1,065		1,072
Restructuring accrual	1,761		—
Other current liabilities	8,739		5,881
Accrued liabilities and other	$	14,649	$	13,869

Other Noncurrent Liabilities

Other liabilities, classified as long-term liabilities, included the following:


(in thousands)	December 31, 2021		December 31, 2020
Noncurrent portion of deferred lease revenue	$	19,749	$	18,687
FCC spectrum license obligations	3,807		3,845
Noncurrent portion of financing leases	1,614		1,492
Other	461		881
Other liabilities	$	25,631	$	24,905

Restructuring and Related Costs

The following table identifies severance activity that has occurred as a result of the plan:


(in thousands)	Year Ended December 31, 2021
Beginning Balance January 1, 2021	$	—
Expense (1)	3,862
Payments (2)	(2,101)
Ending Balance - December 31, 2021	$	1,761

_______________________________________________________

(1)For the year ended December 31, 2021, approximately $2.2 million of expense was recognized within discontinued operations and $1.7 million in continuing operations.

(2)For the year ended December 31, 2021, approximately $1.4 million of payments were attributable to discontinued operations and $0.7 million in continued operations.

Schedule of Change in Asset Retirement Obligation


	Years Ended December 31,
(in thousands)	2021		2020		2019
Balance at beginning of year	$	5,113	$	6,152	$	8,808
Additional liabilities accrued	4,334		262		593
Changes to prior estimates	(44)		(1,633)		(3,659)
Payments	—		—		—
Accretion expense	421		332		410
Balance at end of year	$	9,824	$	5,113	$	6,152

Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Expected Maturity of Lease Liabilities, Operating

The following table summarizes the expected maturity of lease liabilities at December 31, 2021:


(in thousands)	Operating Leases		Finance Leases		Total
2022	$	5,546	$	180	$	5,726
2023	5,159		182		5,341
2024	4,815		184		4,999
2025	4,636		186		4,822
2026	4,150		159		4,309
2027 and thereafter	65,909		1,503		67,412
Total lease payments	90,215		2,394		92,609
Less: Interest	35,205		696		35,901
Present value of lease liabilities	$	55,010	$	1,698	$	56,708

Expected Maturity of Lease Liabilities, Financing

The following table summarizes the expected maturity of lease liabilities at December 31, 2021:


(in thousands)	Operating Leases		Finance Leases		Total
2022	$	5,546	$	180	$	5,726
2023	5,159		182		5,341
2024	4,815		184		4,999
2025	4,636		186		4,822
2026	4,150		159		4,309
2027 and thereafter	65,909		1,503		67,412
Total lease payments	90,215		2,394		92,609
Less: Interest	35,205		696		35,901
Present value of lease liabilities	$	55,010	$	1,698	$	56,708

Minimum Rental Receipts Under Lease Agreement Lessor, Operating Leases

Below is a summary of our contractual minimum rental receipts expected under the lease agreements in place at December 31, 2021:


(in thousands)	Operating Leases
2022	$	14,460
2023	12,947
2024	12,083
2025	11,134
2026	8,198
2027 and thereafter	28,915
Total	$	87,737

Derivatives and Hedging (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)


(in thousands)	(Losses) Gains on Cash Flow Hedges		Income Tax (Expense) Benefit		Accumulated Other Comprehensive (Loss) Income, net of taxes
Balance as of December 31, 2020	$	(4,048)	$	(658)	$	(4,706)
Other comprehensive income (loss) before reclassifications	1,447		(361)		1,086
Amounts reclassified from accumulated other comprehensive income (loss) to interest expense	2,601		1,019		3,620
Net current period other comprehensive (loss) income	4,048		658		4,706
Balance as of December 31, 2021	$	—	$	—	$	—

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Components of Federal and State Income Taxes

The provision for the federal and state income taxes attributable to income (loss) consists of the following components:


	Years Ended December 31,
(in thousands)	2021			2020			2019
Current (benefit) expense
Federal taxes	$	(21,392)		$	(13,748)		$	(16,393)
State taxes	(2,565)			(2,148)			(282)
Total current provision	(23,957)			(15,896)			(16,675)
Deferred expense (benefit)
Federal taxes	25,518			13,325			16,286
State taxes	(3,255)			1,581			395
Total deferred provision	22,263			14,906			16,681
Income tax (benefit) expense	$	(1,694)		$	(990)		$	6
Effective tax rate	(27.2)		%	(168.9)		%	0.3		%

Reconciliation of Income Taxes

A reconciliation of income tax expense (benefit) determined by applying the federal and state tax rates to income before income taxes is as follows:


	Years Ended December 31,
(in thousands)	2021		2020		2019
Expected tax expense at federal statutory	$	1,310	$	24	$	371
State income taxes, net of federal tax effect	438		54		15
Revaluation of deferred tax liabilities	(5,206)		—		—
Stranded tax effects reclassified from other comprehensive income	1,620		—		—
Excess tax benefit from share based compensation and other expense, net	144		(1,068)		(380)
Income tax (benefit) expense	$	(1,694)	$	(990)	$	6

Deferred Tax Assets and Liabilities


(in thousands)	December 31, 2021		December 31, 2020
Deferred tax assets:
Leases	$	15,483	$	123,129
Asset retirement obligations	2,581		10,403
Net operating loss carry-forwards	5,878		7,723
Pension liabilities	2,148		3,868
Accruals and stock based compensation	2,572		3,093
Other	6,300		5,002
Total gross deferred tax assets	34,962		153,218
Less valuation allowance	—		—
Net deferred tax assets	34,962		153,218

Deferred tax liabilities:
Property, plant and equipment	92,449		127,602
Leases	15,410		126,458
Intangible assets	10,710		25,722
Prepaid assets and other	2,407		22,120
Total gross deferred tax liabilities	120,976		301,902
Net deferred tax liabilities	$	86,014	$	148,684

Stock Compensation, Earnings per Share, and Dividends (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of stock compensation expense

Stock-based compensation expense was as follows:


	Years Ended December 31,
(in thousands)	2021		2020		2019
Stock compensation expense	$	3,552	$	6,227	$	3,732
Capitalized stock compensation	144		320		365
Stock compensation expense, net	$	3,408	$	5,907	$	3,367

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table indicates the computation of basic and diluted earnings per share:


	Years Ended December 31,
(in thousands, except per share amounts)	2021		2020		2019
Calculation of net income per share:
Income from continuing operations	$	7,929	$	1,576	$	1,932
Income from discontinued operations, net of tax	$	990,902	$	124,097	$	53,568
Net income	$	998,831	$	125,673	$	55,500
Basic weighted average shares outstanding	50,026		49,901		49,811
Basic net income per share - continuing operations	$	0.16	$	0.03	$	0.04
Basic net income per share - discontinued operations	$	19.81	$	2.49	$	1.07
Basic net income per share	$	19.97	$	2.52	$	1.11

Effect of stock-based compensation awards outstanding:
Basic weighted average shares outstanding	50,026		49,901		49,811
Effect from dilutive shares and options outstanding	123		123		290
Diluted weighted average shares outstanding	50,149		50,024		50,101
Diluted net income per share - continuing operations	$	0.16	$	0.03	$	0.04
Diluted net income per share - discontinued operations	$	19.76	$	2.48	$	1.07
Diluted net income per share	$	19.92	$	2.51	$	1.11

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Long-term Purchase Commitment

The Company is obligated to make the following future minimum payments under the non-cancelable terms of these commitments as of December 31, 2021:


(in thousands)	Purchase Commitments
2022	$	3,658
2023	2,410
2024	1,385
2025	840
2026	190
2027 and thereafter	109
Total	$	8,592

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Selected Financial Data for Segments

The tables below reflect the results of operations of the Company's reportable segments in continuing operations, consistent with internal reporting used by the Company. Intercompany revenue is primarily derived from services provided to the discontinued operation, for periods prior to the divestiture.

Year ended December 31, 2021:


(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	177,530	$	—	$	—	$	177,530
Commercial Fiber	30,842		—		—		30,842
RLEC & Other	15,249		—		—		15,249
Tower lease	—		12,393		—		12,393
Service revenue and other	223,621		12,393		—		236,014
Revenue for service provided to the discontinued Wireless operations	4,459		5,311		(545)		9,225
Total revenue	228,080		17,704		(545)		245,239
Operating expenses
Cost of services	97,283		5,438		(422)		102,299
Selling, general and administrative	47,840		1,197		33,414		82,451
Restructuring expense	202		—		1,525		1,727
Impairment expense	5,986		—		—		5,986
Depreciation and amortization	47,937		2,053		5,216		55,206
Total operating expenses	199,248		8,688		39,733		247,669
Operating income (loss)	$	28,832	$	9,016	$	(40,278)	$	(2,430)

Capital expenditures	$	156,131	$	977	$	2,993	$	160,101

Year ended December 31, 2020:


(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	154,956	$	—	$	—	$	154,956
Commercial Fiber	24,431		—		—		24,431
RLEC & Other	15,971		—		—		15,971
Tower lease	—		7,402		—		7,402
Service revenue and other	195,358		7,402		—		202,760
Revenue for service provided to the discontinued Wireless operations	8,989		9,653		(627)		18,015
Total revenue	204,347		17,055		(627)		220,775
Operating expenses
Cost of services	84,893		4,896		(132)		89,657
Selling, general and administrative	39,472		1,430		44,114		85,016
Depreciation and amortization	41,076		1,906		5,721		48,703
Total operating expenses	165,441		8,232		49,703		223,376
Operating income (loss)	$	38,906	$	8,823	$	(50,330)	$	(2,601)

Capital expenditures	$	117,246	$	2,001	$	1,203	$	120,450

Year ended December 31, 2019:


(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	142,290	$	—	$	—	$	142,290
Commercial Fiber	23,004		—		—		23,004
RLEC & Other	18,257		—		—		18,257
Tower lease	—		6,965		—		6,965
Service revenue and other	183,551		6,965		—		190,516
Revenue for service provided to the discontinued Wireless operations	10,392		6,020		(66)		16,346
Total revenue	193,943		12,985		(66)		206,862
Operating expenses
Cost of services	79,858		3,777		(63)		83,572
Selling, general and administrative	33,545		937		43,364		77,846
Depreciation and amortization	38,566		1,976		6,244		46,786
Total operating expenses	151,969		6,690		49,545		208,204
Operating income (loss)	$	41,974	$	6,295	$	(49,611)	$	(1,342)

Capital expenditures	$	60,627	$	921	$	5,500	$	67,048

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

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


	Years Ended December 31,
(in thousands)	2021		2020		2019
Total consolidated operating loss	$	(2,430)	$	(2,601)	$	(1,342)
Other income, net	8,665		3,187		3,280
Income from continuing operations before income taxes	$	6,235	$	586	$	1,938

Quarterly Results (unaudited) (Tables)

12 Months Ended

Dec. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

The following table reflects selected quarterly results for the Company. Amounts were adjusted from their previous presentation as a result of the error correction discussed in Note 1.


	Three Months Ended
(in thousands, except per share data)	March 31, 2021		June 30, 2021		September 30, 2021		December 31, 2021
Revenue	$	59,691	$	60,700	$	62,244	$	62,604
Operating income (loss)	2,230		2,390		851		(7,901)
Income (loss) from continuing operations	2,945		1,626		6,495		(3,137)
Income (loss) from discontinued operations, net of tax	48,472		51,566		(406)		(4,965)
Gain on the sale of discontinued operations, net of tax	—		—		886,732		9,503
Net income	51,417		53,192		892,821		1,401

Basic - Income (loss) from continuing operations	$	0.06	$	0.03	$	0.13	$	(0.06)
Basic - Income from discontinued operations, net of tax	$	0.97	$	1.04	$	17.73	$	0.09
Basic net income per share	$	1.03	$	1.07	$	17.86	$	0.03
Diluted - Income (loss) from continuing operations	$	0.06	$	0.03	$	0.13	$	(0.06)
Diluted - Income from discontinued operations, net of tax	$	0.97	$	1.03	$	17.68	$	0.09
Diluted net income per share	$	1.03	$	1.06	$	17.81	$	0.03


	Three Months Ended
(in thousands except per share data)	March 31, 2020		June 30, 2020		September 30, 2020		December 31, 2020
Revenue	$	53,134	$	54,336	$	55,173	$	58,132
Operating income (loss)	(1,648)		(2,361)		(121)		1,529
Income (loss) from continuing operations	(55)		(893)		985		1,539
Income from discontinued operations, net of tax	13,129		29,784		33,509		47,675
Net income	13,074		28,891		34,494		49,214

Basic - Income (loss) from continuing operations	$	—	$	(0.02)	$	0.02	$	0.03
Basic - Income from discontinued operations, net of tax	$	0.26	$	0.60	$	0.67	$	0.96
Basic net income per share	$	0.26	$	0.58	$	0.69	$	0.99
Diluted - Income (loss) from continuing operations	$	—	$	(0.02)	$	0.02	$	0.03
Diluted - Income from discontinued operations, net of tax	$	0.26	$	0.60	$	0.67	$	0.95
Diluted net income per share	$	0.26	$	0.58	$	0.69	$	0.98

Nature of Operations - Narrative (Details)	12 Months Ended
Nature of Operations - Narrative (Details)	Dec. 31, 2021 cell_site
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of cell towers built	223

Nature of Operations - Revision of Financial Statements (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Prepaid expenses and other	$ 29,830				$ 7,522				$ 29,830	$ 7,522	$ 8,668
Deferred charges and other assets	10,298				6,448				10,298	6,448	5,918
Deferred income taxes	86,014				148,684				86,014	148,684	136,002
Retained earnings	592,924				534,440				592,924	534,440	425,716	$ 384,658
Cost of services									102,299	89,657	83,572
Income from continuing operations before income taxes									6,235	586	1,938
Income tax (benefit) expense									(1,694)	(990)	6
Income from continuing operations	(3,137)	$ 6,495	$ 1,626	$ 2,945	1,539	$ 985	$ (893)	$ (55)	7,929	1,576	1,932
Net income	$ 1,401	$ 892,821	$ 53,192	$ 51,417	$ 49,214	$ 34,494	$ 28,891	$ 13,074	998,831	125,673	55,500
Comprehensive income									$ 1,003,537	$ 120,659	$ 47,528
Basic - Income from continuing operations (in dollars per share)	$ (0.06)	$ 0.13	$ 0.03	$ 0.06	$ 0.03	$ 0.02	$ (0.02)	$ 0	$ 0.16	$ 0.03	$ 0.04
Basic - Net income from continuing operations (in dollars per share)	0.03	17.86	1.07	1.03	0.99	0.69	0.58	0.26	19.97	2.52	1.11
Diluted - Income from continuing operations (in dollars per share)	(0.06)	0.13	0.03	0.06	0.03	0.02	(0.02)	0	0.16	0.03	0.04
Diluted income per share (in dollars per share)	$ 0.03	$ 17.81	$ 1.06	$ 1.03	$ 0.98	$ 0.69	$ 0.58	$ 0.26	$ 19.92	$ 2.51	$ 1.11
Pre-Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Prepaid expenses and other					$ 9,631					$ 9,631	$ 11,178
Deferred charges and other assets					11,650					11,650	9,267
Deferred income taxes					150,652					150,652	137,567
Retained earnings					539,783					539,783	430,010	388,496
Cost of services										88,203	82,949
Income from continuing operations before income taxes										2,040	2,561
Income tax (benefit) expense										(586)	173
Income from continuing operations										2,626	2,388
Net income										126,723	55,956
Comprehensive income										$ 121,709	$ 47,984
Basic - Income from continuing operations (in dollars per share)										$ 0.05	$ 0.05
Basic - Net income from continuing operations (in dollars per share)										2.54	1.12
Diluted - Income from continuing operations (in dollars per share)										0.05	0.05
Diluted income per share (in dollars per share)										$ 2.53	$ 1.12
Error Correction
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Prepaid expenses and other					(2,109)					$ (2,109)	$ (2,510)
Deferred charges and other assets					(5,202)					(5,202)	(3,349)
Deferred income taxes					(1,968)					(1,968)	(1,565)
Retained earnings					$ (5,343)					(5,343)	(4,294)	$ (3,838)
Cost of services										1,454	623
Income from continuing operations before income taxes										(1,454)	(623)
Income tax (benefit) expense										(404)	(167)
Income from continuing operations										(1,050)	(456)
Net income										(1,050)	(456)
Comprehensive income										$ (1,050)	$ (456)
Basic - Income from continuing operations (in dollars per share)										$ (0.02)	$ (0.01)
Basic - Net income from continuing operations (in dollars per share)										(0.02)	(0.01)
Diluted - Income from continuing operations (in dollars per share)										(0.02)	(0.01)
Diluted income per share (in dollars per share)										$ (0.02)	$ (0.01)

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Advertising expense	$ 4,400	$ 2,700	$ 3,500
Fair value of projected benefit obligations	8,216	14,645
Pension Plan
Finite-Lived Intangible Assets [Line Items]
Fair value of projected benefit obligations	2,393	7,961
Ntelos Holding, Corp \| Pension Plan
Finite-Lived Intangible Assets [Line Items]
Fair value of pension plan assets	31,100	27,000
Fair value of projected benefit obligations	$ 33,500	$ 34,900
Discount rate (as a percent)	2.74%	2.41%
Ntelos Pension Plan
Finite-Lived Intangible Assets [Line Items]
Pension benefits, vesting period	5 years
Vesting reductions, threshold age of recipient	65 years
Postretirement Medical Benefits Plan
Finite-Lived Intangible Assets [Line Items]
Fair value of projected benefit obligations	$ 3,506	$ 3,997
Discount rate (as a percent)	2.70%	2.32%

Summary of Significant Accounting Policies - Benefit Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Fair value of projected benefit obligations	$ 8,216	$ 14,645
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Fair value of projected benefit obligations	2,393	7,961
Postretirement Medical Benefits Plan
Defined Benefit Plan Disclosure [Line Items]
Fair value of projected benefit obligations	3,506	3,997
Supplemental executive retirement plan ("SERP")
Defined Benefit Plan Disclosure [Line Items]
Fair value of projected benefit obligations	$ 2,317	$ 2,687

Discontinued Operations - Narrative (Details) - USD ($) $ in Thousands		12 Months Ended
	Aug. 26, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jul. 01, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Waived management fees					$ 60,000
Incremental selling costs		$ 21,200
Debt extinguishment		11,000
Interest expense		2,600
Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale proceeds					$ 1,940,000
Debt extinguishment		$ 11,032	$ 0	$ 0
Affiliated Entity
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Value of business percentage	90.00%

Discontinued Operations - Carrying Amounts of the Major Classes of Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
LIABILITIES
Current liabilities held for sale	$ 0	$ 452,202
Discontinued Operations, Held-for-sale
ASSETS
Inventory		5,746
Prepaid expenses and other		47,003
Property, plant and equipment, net		299,647
Intangible assets, net		176,459
Goodwill		146,383
Operating lease right-of-use assets		421,586
Deferred charges and other assets		36,470
Current assets held for sale		1,133,294
LIABILITIES
Current operating lease liabilities		409,887
Accrued liabilities and other		8,770
Asset retirement obligations		33,545
Current liabilities held for sale		$ 452,202

Discontinued Operations - Income (Loss) From Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended	12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other (expense) income:
Debt extinguishment						$ (11,000)
Income from discontinued operations, net of tax	$ (4,965)	$ (406)	$ 51,566	$ 48,472
Discontinued Operations, Held-for-sale
Revenue:
Revenue					$ 10,200	213,329	$ 442,373	$ 443,389
Operating expenses
Selling, general and administrative						17,514	34,011	39,128
Severance expense						465	0	0
Depreciation and amortization						0	62,930	111,467
Total operating expenses						68,087	253,977	344,225
Operating income						145,242	188,396	99,164
Other (expense) income:
Debt extinguishment						(11,032)	0	0
Interest expense and other, net						(9,178)	(20,455)	(29,286)
Income before income taxes						1,352,563	167,941	69,878
Income tax expense						361,661	43,844	16,310
Income from discontinued operations, net of tax						990,902	124,097	53,568
Discontinued Operations, Held-for-sale \| Service revenue and other
Revenue:
Revenue						201,076	401,035	375,730
Discontinued Operations, Held-for-sale \| Equipment revenue
Revenue:
Revenue						12,253	41,338	67,659
Discontinued Operations, Held-for-sale \| Cost of services
Operating expenses
Cost of services and cost of goods sold						38,144	116,394	128,482
Discontinued Operations, Held-for-sale \| Cost of goods sold
Operating expenses
Cost of services and cost of goods sold						11,964	40,642	65,148
Discontinued Operations, Disposed of by Sale
Other (expense) income:
Gain on sale of disposition of Wireless assets and operations						$ 1,227,531	$ 0	$ 0

Revenue from Contracts with Customers - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021 USD ($)
Revenue from Contract with Customer [Abstract]
Weighted average customer life	6 years
Remaining performance obligations	$ 3.5
Revenue remaining performance obligation, per year	$ 0.2

Revenue from Contracts with Customers Revenue from Contracts with Customers - Amortized and Capitalized Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Capitalized Contract Cost [Roll Forward]
Beginning Balance	$ 7,358	$ 5,147
Commission payments	3,229	4,399
Contract amortization	(2,440)	(2,188)
Ending Balance	$ 8,147	$ 7,358

Investments - Other Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Investments [Abstract]
SERP Investments at fair value	$ 2,317	$ 2,687
Cost method investments	11,004	10,536
Equity method investments	340	546
Total investments	$ 13,661	$ 13,769

Investments - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
Investments - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
SERP Investments at fair value	$ 2,317	$ 2,687
CoBank
Schedule of Equity Method Investments [Line Items]
SERP Investments at fair value	10,300	9,800
Other nonoperating income (expense)	$ 2,000	4,200	$ 4,200
Percentage of patronage credit paid in cash	75.00%
Percentage of patronage credit paid in share	25.00%
Valley Network Partnership
Schedule of Equity Method Investments [Line Items]
Ownership interest, percentage	20.00%
Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Revenue from related parties	$ 700	900	1,000
Related party costs	$ 1,200	$ 2,700	$ 3,000

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Property, plant and equipment [Abstract]
Total property, plant and equipment	$ 1,028,233	$ 1,028,233	$ 868,827
Less: accumulated amortization and depreciation	474,071	474,071	428,400
Property, plant and equipment, net	554,162	554,162	440,427
Property, plant and equipment impairment charges	6,000
Land
Property, plant and equipment [Abstract]
Total property, plant and equipment	3,771	$ 3,771	3,909
Land improvements
Property, plant and equipment [Abstract]
Estimated useful lives		10 years
Total property, plant and equipment	3,478	$ 3,478	2,910
Buildings and structures
Property, plant and equipment [Abstract]
Total property, plant and equipment	96,323	$ 96,323	91,335
Buildings and structures \| Minimum
Property, plant and equipment [Abstract]
Estimated useful lives		10 years
Buildings and structures \| Maximum
Property, plant and equipment [Abstract]
Estimated useful lives		45 years
Cable and fiber
Property, plant and equipment [Abstract]
Total property, plant and equipment	453,405	$ 453,405	390,209
Cable and fiber \| Minimum
Property, plant and equipment [Abstract]
Estimated useful lives		15 years
Cable and fiber \| Maximum
Property, plant and equipment [Abstract]
Estimated useful lives		30 years
Equipment and software
Property, plant and equipment [Abstract]
Total property, plant and equipment	391,293	$ 391,293	331,047
Equipment and software \| Minimum
Property, plant and equipment [Abstract]
Estimated useful lives		4 years
Equipment and software \| Maximum
Property, plant and equipment [Abstract]
Estimated useful lives		8 years
Plant in service
Property, plant and equipment [Abstract]
Total property, plant and equipment	948,270	$ 948,270	819,410
Plant under construction
Property, plant and equipment [Abstract]
Total property, plant and equipment	$ 79,963	$ 79,963	$ 49,417

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Non-amortizing intangibles	$ 78,314	$ 94,433
Gross carrying amount	35,699	35,699
Accumulated amortization and other	(27,426)	(26,617)
Total	8,273	9,082
Total intangible assets, gross carrying amount	117,257	133,376
Intangible assets, net	89,831	106,759
Broadband
Finite-Lived Intangible Assets [Line Items]
Goodwill, gross	3,244	3,244
Goodwill	3,244	3,244
FCC spectrum licenses
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	6,811	6,811
Accumulated amortization and other	(672)	(340)
Total	6,139	6,471
Subscriber relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	28,425	28,425
Accumulated amortization and other	(26,451)	(26,000)
Total	1,974	2,425
Other intangibles
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	463	463
Accumulated amortization and other	(303)	(277)
Total	160	186
Cable franchise rights
Finite-Lived Intangible Assets [Line Items]
Non-amortizing intangibles	64,334	64,334
FCC spectrum licenses
Finite-Lived Intangible Assets [Line Items]
Non-amortizing intangibles	13,839	29,958
Railroad crossing rights
Finite-Lived Intangible Assets [Line Items]
Non-amortizing intangibles	$ 141	$ 141

Goodwill and Intangible Assets - Narrative (Details) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2020 USD ($)	Dec. 31, 2021 USD ($) market	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Business Acquisition [Line Items]
Amortization expense		$ 0.8	$ 0.7	$ 0.5
FCC spectrum licenses
Business Acquisition [Line Items]
Indefinite-lived intangible assets acquired	$ 16.1	$ 16.1
Number of markets included in transaction \| market		15
Indefinite-lived intangible assets, cost basis of assets included in transaction		$ 4.5

Goodwill and Intangible Assets - Estimated Useful Life (Details)	12 Months Ended
	Dec. 31, 2021
FCC spectrum licenses \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (in years)	18 years
FCC spectrum licenses \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (in years)	30 years
Subscriber relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (in years)	3 years
Subscriber relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (in years)	10 years
Other intangibles \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (in years)	15 years
Other intangibles \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (in years)	20 years

Goodwill and Intangible Assets Goodwill and Intangible Assets - Amortization Expense for Intangible Assets (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 772
2023	772
2024	772
2025	768
2026	427
Thereafter	4,762
Total	$ 8,273

Other Assets and Accrued Liabilities - Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
FCC spectrum license obligations	$ 16,118	$ 0
Prepaid maintenance expenses	8,391	4,018
Broadband contract acquisition costs	2,502	2,308
SERP Investments, Current	801	0
Other	2,018	1,196
Prepaid expenses and other	$ 29,830	$ 7,522	$ 8,668

Other Assets and Accrued Liabilities - Long-Term Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Broadband contract acquisition costs	$ 5,645	$ 5,050
Prepaid expenses and other	4,653	1,398
Deferred charges and other assets	$ 10,298	$ 6,448	$ 5,918

Other Assets and Accrued Liabilities - Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Other Liabilities Disclosure [Abstract]
Interest rate swaps	$ 0	$ 4,048
Accrued programming costs	3,084	2,868
Sales and property taxes payable	1,065	1,072
Restructuring Reserve, Current	1,761	0
Other current liabilities	8,739	5,881
Accrued liabilities and other	$ 14,649	$ 13,869

Other Assets and Accrued Liabilities - Long Term Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Other Liabilities Disclosure [Abstract]
Noncurrent portion of deferred lease revenue	$ 19,749	$ 18,687
FCC spectrum license obligations	$ 3,807	$ 3,845
Finance lease, liability, noncurrent, statement of financial position [extensible enumeration]	Other liabilities	Other liabilities
Noncurrent portion of financing leases	$ 1,614	$ 1,492
Other	461	881
Other liabilities	$ 25,631	$ 24,905

Other Assets and Accrued Liabilities - Restructuring Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restructuring Reserve [Roll Forward]
Expense	$ 1,727	$ 0	$ 0
Workforce Reduction Program
Restructuring Reserve [Roll Forward]
Beginning balance	0
Expense	3,862
Payments	(2,101)
Ending balance	1,761	$ 0
Workforce Reduction Program \| Discontinued Operations
Restructuring Reserve [Roll Forward]
Expense	2,200
Payments	(1,400)
Workforce Reduction Program \| Continuing Operations
Restructuring Reserve [Roll Forward]
Expense	1,700
Payments	$ (700)

Other Assets and Accrued Liabilities - Asset Removal Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Balance at beginning of year	$ 5,113	$ 6,152	$ 8,808
Additional liabilities accrued	4,334	262	593
Changes to prior estimates	(44)	(1,633)	(3,659)
Payments	0	0	0
Accretion expense	421	332	410
Balance at end of year	$ 9,824	$ 5,113	$ 6,152

Leases - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease, weighted average remaining lease term	20 years
Operating lease, weighted average discount rate, percent	4.40%
Finance lease, weighted average remaining lease term	14 years
Finance lease, weighted average discount rate, percent	5.20%
Operating lease, cost	$ 7.1
Finance lease, cost	0.6
Operating lease, payments	5.6
Right-of-use asset obtained in exchange for operating lease liability	11.1	$ 6.8
Sublease income	$ 11.1

Leases - Maturity of Lease Liability - Lessee (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Operating Leases
2022	$ 5,546
2023	5,159
2024	4,815
2025	4,636
2026	4,150
2027 and thereafter	65,909
Total lease payments	90,215
Less: Interest	35,205
Present value of lease liabilities	55,010
Finance Leases
2022	180
2023	182
2024	184
2025	186
2026	159
2027 and thereafter	1,503
Total lease payments	2,394
Less: Interest	696
Present value of lease liabilities	1,698
Total
2022	5,726
2023	5,341
2024	4,999
2025	4,822
2026	4,309
2027 and thereafter	67,412
Total lease payments	92,609
Less: Interest	35,901
Present value of lease liabilities	$ 56,708

Leases - Maturity of Lease Liability - Lessor (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Leases [Abstract]
2022	$ 14,460
2023	12,947
2024	12,083
2025	11,134
2026	8,198
2027 and thereafter	28,915
Total	$ 87,737

Debt - Narrative (Details)		12 Months Ended
Debt - Narrative (Details)	Jul. 01, 2021 USD ($) facility	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Debt Instrument [Line Items]
Interest payments		$ 10,400,000	$ 18,600,000
Repayments of debt		$ 681,000,000
New Credit Agreement
Debt Instrument [Line Items]
Total net leverage ratio	4.25
Debt service coverage ratio	2
New Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Number of credit facilities \| facility	3
Maximum borrowing capacity	$ 400,000,000
New Credit Agreement \| London Interbank Offered Rate (LIBOR) \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	0.00%
Term loan A-1
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 150,000,000
Term of credit facility	5 years
Term loan A-1 \| London Interbank Offered Rate (LIBOR) \| Minimum \| Variable Rate Component One
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
Term loan A-1 \| London Interbank Offered Rate (LIBOR) \| Maximum \| Variable Rate Component One
Debt Instrument [Line Items]
Basis spread on variable rate	2.75%
Term loan A-1 \| Base Rate \| Minimum \| Variable Rate Component Two
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Term loan A-1 \| Base Rate \| Maximum \| Variable Rate Component Two
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Term loan A-2
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 150,000,000
Term of credit facility	7 years
Term loan A-2 \| London Interbank Offered Rate (LIBOR) \| Minimum \| Variable Rate Component One
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
Term loan A-2 \| London Interbank Offered Rate (LIBOR) \| Maximum \| Variable Rate Component One
Debt Instrument [Line Items]
Basis spread on variable rate	3.00%
Term loan A-2 \| Base Rate \| Minimum \| Variable Rate Component Two
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Term loan A-2 \| Base Rate \| Maximum \| Variable Rate Component Two
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
Term Loans
Debt Instrument [Line Items]
Additional borrowing capacity available upon request	$ 75,000,000
Total net leverage ratio	4.00
Revolving Credit Facility \| Minimum \| Variable Rate Component Three
Debt Instrument [Line Items]
Basis spread on variable rate	0.20%
Revolving Credit Facility \| Maximum \| Variable Rate Component Three
Debt Instrument [Line Items]
Basis spread on variable rate	0.375%
Revolving Credit Facility \| New Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 100,000,000
Term of credit facility	5 years

Derivatives and Hedging - Narrative (Details) $ in Millions	12 Months Ended
Derivatives and Hedging - Narrative (Details) $ in Millions	Dec. 31, 2021 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Payments for Derivative Instrument, Financing Activities	$ 2.6

Derivatives and Hedging - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
(Losses) Gains on Cash Flow Hedges
Balance as of December 31, 2020	$ (4,048)
Other comprehensive income (loss) before reclassifications	1,447
Amounts reclassified from accumulated other comprehensive income (loss) to interest expense	2,601
Net current period other comprehensive (loss) income	4,048
Balance as of December 31, 2021	0	$ (4,048)
Income Tax (Expense) Benefit
Balance as of December 31, 2020	658
Other comprehensive income (loss) before reclassifications	(361)
Amounts reclassified from accumulated other comprehensive income (loss) to interest expense	(1,019)
Net current period other comprehensive (loss) income	658
Balance as of December 31, 2021	0	658
Accumulated Other Comprehensive (Loss) Income, net of taxes
Balance as of December 31, 2020	(4,706)
Other comprehensive income (loss) before reclassifications	1,086
Amounts reclassified from accumulated other comprehensive income (loss) to interest expense	3,620
Net current period other comprehensive (loss) income	4,706	(5,014)	$ (7,972)
Balance as of December 31, 2021	$ 0	$ (4,706)

Income Taxes - Narrative (Details) - USD ($)	12 Months Ended
Income Taxes - Narrative (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Operating Loss Carryforwards [Line Items]
Cash paid for income taxes	$ 459,100,000
Disposal Group, Including Discontinued Operation, Liabilities	434,300,000
Proceeds from income tax refunds		$ 11,200,000
Deferred tax assets, operating loss carryforwards, state and local	5,878,000	7,723,000
Unrecognized tax benefits	0	$ 0
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	27,800,000
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 300,000

Income Taxes - Components of Federal and State Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current (benefit) expense
Federal taxes	$ (21,392)	$ (13,748)	$ (16,393)
State taxes	(2,565)	(2,148)	(282)
Total current provision	(23,957)	(15,896)	(16,675)
Deferred expense (benefit)
Federal taxes	25,518	13,325	16,286
State taxes	(3,255)	1,581	395
Total deferred provision	22,263	14,906	16,681
Income tax (benefit) expense	$ (1,694)	$ (990)	$ 6
Effective tax rate	(27.20%)	(168.90%)	0.30%

Income Taxes - Reconciliation of Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Expected tax expense at federal statutory	$ 1,310	$ 24	$ 371
State income taxes, net of federal tax effect	438	54	15
Revaluation of deferred tax liabilities	(5,206)	0	0
Stranded tax effects reclassified from other comprehensive income	1,620	0	0
Excess tax benefit from share based compensation and other expense, net	144	(1,068)	(380)
Income tax (benefit) expense	$ (1,694)	$ (990)	$ 6

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Leases	$ 15,483	$ 123,129
Asset retirement obligations	2,581	10,403
Net operating loss carry-forwards	5,878	7,723
Pension liabilities	2,148	3,868
Accruals and stock based compensation	2,572	3,093
Other	6,300	5,002
Total gross deferred tax assets	34,962	153,218
Less valuation allowance	0	0
Net deferred tax assets	34,962	153,218
Deferred tax liabilities:
Property, plant and equipment	92,449	127,602
Leases	15,410	126,458
Intangible assets	10,710	25,722
Prepaid assets and other	2,407	22,120
Total gross deferred tax liabilities	120,976	301,902
Net deferred tax liabilities	$ 86,014	$ 148,684

Stock Compensation, Earnings per Share, and Dividends- Narrative (Details) - USD ($) $ / shares in Units, $ in Millions						12 Months Ended
	Dec. 01, 2021	Oct. 27, 2021	Aug. 04, 2021	Aug. 02, 2021	Jul. 02, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash dividend declared per share (in dollars per share)		$ 0.07			$ 18.75	$ 18.82	$ 0.34	$ 0.29
Compensation, nonvested awards, compensation cost not yet recognized						$ 5.9
Compensation, nonvested awards, cost not yet recognized, period for recognition						1 year 9 months 18 days
Anti-dilutive awards outstanding (fewer than) (in shares)						259,000	110,000	110,000
Dividends payout	$ 3.0			$ 937.0
The 2014 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional number of shares authorized for issuance (in shares)						3,000,000
Restricted Stock Units (RSUs) \| The 2014 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period						10 years
Restricted Stock Units (RSUs) \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period						1 year
Restricted Stock Units (RSUs) \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period						4 years
Restricted Stock Units (RSUs) \| Employees And Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)						200,000
Granted (in dollars per share)						$ 28.99
Relative Total Shareholder Return Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period						3 years
Relative Total Shareholder Return Awards \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued (as a percent)						0.00%
Relative Total Shareholder Return Awards \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued (as a percent)						150.00%
Relative Total Shareholder Return Awards \| Employees And Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)							59,000
Granted (in dollars per share)							$ 34.05
RSUs and RTSRs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, issued (in shares)			81,000

Earnings per Share & Stock Compensation - Schedule of Stock Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Stock compensation expense	$ 3,552	$ 6,227	$ 3,732
Capitalized stock compensation	144	320	365
Stock compensation expense, net	$ 3,408	$ 5,907	$ 3,367

Stock Compensation, Earnings per Share, and Dividends - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Income from continuing operations	$ (3,137)	$ 6,495	$ 1,626	$ 2,945	$ 1,539	$ 985	$ (893)	$ (55)	$ 7,929	$ 1,576	$ 1,932
Total income from discontinued operations, net of tax					47,675	33,509	29,784	13,129	990,902	124,097	53,568
Net income	$ 1,401	$ 892,821	$ 53,192	$ 51,417	$ 49,214	$ 34,494	$ 28,891	$ 13,074	$ 998,831	$ 125,673	$ 55,500
Basic weighted average shares outstanding (in shares)									50,026	49,901	49,811
Basic net income per share - continuing operations (in dollars per share)	$ (0.06)	$ 0.13	$ 0.03	$ 0.06	$ 0.03	$ 0.02	$ (0.02)	$ 0	$ 0.16	$ 0.03	$ 0.04
Basic net income per share - discontinued operations (in dollars per share)	0.09	17.73	1.04	0.97	0.96	0.67	0.60	0.26	19.81	2.49	1.07
Basic net income per share (in dollars per share)	0.03	17.86	1.07	1.03	0.99	0.69	0.58	0.26	$ 19.97	$ 2.52	$ 1.11
Effect from dilutive shares and options outstanding (in shares)									123	123	290
Weighted average shares outstanding, diluted (in shares)									50,149	50,024	50,101
Diluted net income per share - continuing operations (in dollars per share)	(0.06)	0.13	0.03	0.06	0.03	0.02	(0.02)	0	$ 0.16	$ 0.03	$ 0.04
Diluted net income per share - discontinued operations (in dollars per share)	0.09	17.68	1.03	0.97	0.95	0.67	0.60	0.26	19.76	2.48	1.07
Diluted net income per share (in dollars per share)	$ 0.03	$ 17.81	$ 1.06	$ 1.03	$ 0.98	$ 0.69	$ 0.58	$ 0.26	$ 19.92	$ 2.51	$ 1.11

Commitments and Contingencies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Marketing Services and IT Softeware Licences
Other Commitments [Line Items]
Payments For Long-Term Purchase Commitment	$ 3.4	$ 1.4	$ 0.5
FCC spectrum licenses
Other Commitments [Line Items]
Payments For Long-Term Purchase Commitment	$ 0.1	$ 0.1	$ 0.1

Commitments and Contingencies - Purchase Commitments (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Purchase Commitments
2022	$ 3,658
2023	2,410
2024	1,385
2025	840
2026	190
2027 and thereafter	109
Total	$ 8,592

Segment Reporting - Selected Financial Data for Segments (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
External revenue
Service revenue and other	$ 62,604	$ 62,244	$ 60,700	$ 59,691	$ 58,132	$ 55,173	$ 54,336	$ 53,134	$ 245,239	$ 220,775	$ 206,862
Operating expenses
Cost of services									102,299	89,657	83,572
Selling, general and administrative									82,451	85,016	77,846
Restructuring expense									1,727	0	0
Impairment expense									5,986	0	0
Depreciation and amortization									55,206	48,703	46,786
Operating loss	$ (7,901)	$ 851	$ 2,390	$ 2,230	$ 1,529	$ (121)	$ (2,361)	$ (1,648)	(2,430)	(2,601)	(1,342)
Capital expenditures									160,101	120,450	67,048
Operating Segments
Operating expenses
Selling, general and administrative									82,451	85,016	77,846
Restructuring expense									1,727
Impairment expense									5,986
Depreciation and amortization									55,206	48,703	46,786
Total operating expenses									247,669	223,376	208,204
Operating loss									(2,430)	(2,601)	(1,342)
Capital expenditures									160,101	120,450	67,048
Operating Segments \| Broadband
External revenue
Service revenue and other									228,080	204,347	193,943
Operating expenses
Selling, general and administrative									47,840	39,472	33,545
Restructuring expense									202
Impairment expense									5,986
Depreciation and amortization									47,937	41,076	38,566
Total operating expenses									199,248	165,441	151,969
Operating loss									28,832	38,906	41,974
Capital expenditures									156,131	117,246	60,627
Operating Segments \| Tower
External revenue
Service revenue and other									17,704	17,055	12,985
Operating expenses
Selling, general and administrative									1,197	1,430	937
Restructuring expense									0
Impairment expense									0
Depreciation and amortization									2,053	1,906	1,976
Total operating expenses									8,688	8,232	6,690
Operating loss									9,016	8,823	6,295
Capital expenditures									977	2,001	921
Intersegment Eliminations
External revenue
Service revenue and other									9,225	18,015	16,346
Intersegment Eliminations \| Broadband
External revenue
Service revenue and other									4,459	8,989	10,392
Intersegment Eliminations \| Tower
External revenue
Service revenue and other									5,311	9,653	6,020
Intersegment Eliminations \| Corporate & Eliminations
External revenue
Service revenue and other									(545)	(627)	(66)
Corporate, Non-Segment
Operating expenses
Selling, general and administrative									33,414	44,114	43,364
Restructuring expense									1,525
Impairment expense									0
Depreciation and amortization									5,216	5,721	6,244
Total operating expenses									39,733	49,703	49,545
Operating loss									(40,278)	(50,330)	(49,611)
Capital expenditures									2,993	1,203	5,500
Residential & SMB \| Operating Segments
External revenue
Service revenue and other									177,530	154,956	142,290
Residential & SMB \| Operating Segments \| Broadband
External revenue
Service revenue and other									177,530	154,956	142,290
Residential & SMB \| Operating Segments \| Tower
External revenue
Service revenue and other									0	0	0
Commercial Fiber \| Operating Segments
External revenue
Service revenue and other									30,842	24,431	23,004
Commercial Fiber \| Operating Segments \| Broadband
External revenue
Service revenue and other									30,842	24,431	23,004
Commercial Fiber \| Operating Segments \| Tower
External revenue
Service revenue and other									0	0	0
RLEC & Other \| Operating Segments
External revenue
Service revenue and other									15,249	15,971	18,257
RLEC & Other \| Operating Segments \| Broadband
External revenue
Service revenue and other									15,249	15,971	18,257
RLEC & Other \| Operating Segments \| Tower
External revenue
Service revenue and other									0	0	0
Tower lease \| Operating Segments
External revenue
Service revenue and other									12,393	7,402	6,965
Tower lease \| Operating Segments \| Broadband
External revenue
Service revenue and other									0	0	0
Tower lease \| Operating Segments \| Tower
External revenue
Service revenue and other									12,393	7,402	6,965
Service revenue and other \| Operating Segments
External revenue
Service revenue and other									236,014	202,760	190,516
Service revenue and other \| Operating Segments \| Broadband
External revenue
Service revenue and other									223,621	195,358	183,551
Service revenue and other \| Operating Segments \| Tower
External revenue
Service revenue and other									12,393	7,402	6,965
Cost of services \| Operating Segments
Operating expenses
Cost of services									102,299	89,657	83,572
Cost of services \| Operating Segments \| Broadband
Operating expenses
Cost of services									97,283	84,893	79,858
Cost of services \| Operating Segments \| Tower
Operating expenses
Cost of services									5,438	4,896	3,777
Cost of services \| Corporate, Non-Segment
Operating expenses
Cost of services									$ (422)	$ (132)	$ (63)

Segment Reporting - Reconciliation of Operating Profit (Loss) from Segments to Consolidated (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of income from continuing operations from segments to consolidated [Abstract]
Total consolidated operating loss	$ (7,901)	$ 851	$ 2,390	$ 2,230	$ 1,529	$ (121)	$ (2,361)	$ (1,648)	$ (2,430)	$ (2,601)	$ (1,342)
Other income, net									8,665	3,187	3,280
Income from continuing operations before income taxes									$ 6,235	$ 586	$ 1,938

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

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

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

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

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

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

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

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

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

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

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

+ Details

Quarterly Results (unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Revenue	$ 62,604	$ 62,244	$ 60,700	$ 59,691	$ 58,132	$ 55,173	$ 54,336	$ 53,134	$ 245,239	$ 220,775	$ 206,862
Operating income (loss)	(7,901)	851	2,390	2,230	1,529	(121)	(2,361)	(1,648)	(2,430)	(2,601)	(1,342)
Income from continuing operations	(3,137)	6,495	1,626	2,945	1,539	985	(893)	(55)	7,929	1,576	1,932
Income (loss) from discontinued operations, net of tax	(4,965)	(406)	51,566	48,472
Income from discontinued operations, net of tax					47,675	33,509	29,784	13,129	990,902	124,097	53,568
Gain on the sale of discontinued operations, net of tax	9,503	886,732	0	0					896,235	0	0
Net income	$ 1,401	$ 892,821	$ 53,192	$ 51,417	$ 49,214	$ 34,494	$ 28,891	$ 13,074	$ 998,831	$ 125,673	$ 55,500
Basic - Income from continuing operations (in dollars per share)	$ (0.06)	$ 0.13	$ 0.03	$ 0.06	$ 0.03	$ 0.02	$ (0.02)	$ 0	$ 0.16	$ 0.03	$ 0.04
Basic - Income from discontinued operations, net of tax (in dollars per share)	0.09	17.73	1.04	0.97	0.96	0.67	0.60	0.26	19.81	2.49	1.07
Basic net income per share (in dollars per share)	0.03	17.86	1.07	1.03	0.99	0.69	0.58	0.26	19.97	2.52	1.11
Diluted - Income from continuing operations (in dollars per share)	(0.06)	0.13	0.03	0.06	0.03	0.02	(0.02)	0	0.16	0.03	0.04
Diluted - Income from discontinued operations, net of tax (in dollars per share)	0.09	17.68	1.03	0.97	0.95	0.67	0.60	0.26	19.76	2.48	1.07
Diluted net income per share (in dollars per share)	$ 0.03	$ 17.81	$ 1.06	$ 1.03	$ 0.98	$ 0.69	$ 0.58	$ 0.26	$ 19.92	$ 2.51	$ 1.11

Schedule II Valuation and Qualifying Accounts and Reserves (Details) - SEC Schedule, 12-09, Allowance, Credit Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 614	$ 533	$ 534
Recoveries added to allowance	530	758	649
Bad debt expense	1,028	1,220	1,743
Write-offs	(1,820)	(1,897)	(2,393)
Balance at End of Year	$ 352	$ 614	$ 533