0001628280-22-020340 | 10-Q | XBRL Viewer | Shenandoah Telecommunications Cova

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Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2022	Jul. 28, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	000-09881
Entity Registrant Name	SHENANDOAH TELECOMMUNICATIONS COMPANY
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	54-1162807
Entity Address, Address Line One	500 Shentel Way
Entity Address, City or Town	Edinburg
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22824
City Area Code	540
Local Phone Number	984-4141
Title of 12(b) Security	Common Stock (No Par Value)
Trading Symbol	SHEN
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		50,076,666
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000354963
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 33,335	$ 84,344
Accounts receivable, net of allowance for doubtful accounts of $365 and $352, respectively	16,856	22,005
Income taxes receivable	30,188	30,188
Prepaid expenses and other	29,612	29,830
Current assets held for sale	19,821	0
Total current assets	129,812	166,367
Investments	12,897	13,661
Property, plant and equipment, net	609,785	554,162
Intangible assets, net and goodwill	69,612	69,853
Operating lease right-of-use assets	55,872	56,414
Deferred charges and other assets	13,439	10,298
Non-current assets held for sale	0	19,978
Total assets	891,417	890,733
Current liabilities:
Accounts payable	30,056	28,542
Advanced billings and customer deposits	11,375	11,128
Accrued compensation	7,799	9,653
Current operating lease liabilities	3,047	3,318
Accrued liabilities and other	14,934	14,611
Current liabilities held for sale	3,843	38
Total current liabilities	71,054	67,290
Other long-term liabilities:
Deferred income taxes	85,622	86,014
Asset retirement obligations	9,720	9,615
Benefit plan obligations	7,760	8,216
Non-current operating lease liabilities	51,835	51,692
Other liabilities	22,056	21,824
Non-current liabilities held for sale	0	3,807
Total other long-term liabilities	176,993	181,168
Commitments and contingencies
Shareholders’ equity:
Common stock, no par value, authorized 96,000; 50,077 and 49,965 issued and outstanding at June 30, 2022 and December 31, 2021, respectively	0	0
Additional paid in capital	54,274	49,351
Retained earnings	589,096	592,924
Total shareholders’ equity	643,370	642,275
Total liabilities and shareholders’ equity	$ 891,417	$ 890,733

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 365	$ 352
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	96,000	96,000
Common stock, shares issued (in shares)	50,077	49,965
Common stock, shares, outstanding (in shares)	50,077	49,965

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue:
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]	Service revenue and other [Member]	Service revenue and other [Member]	Service revenue and other [Member]	Service revenue and other [Member]
Service revenue and other	$ 66,021	$ 60,700	$ 130,435	$ 120,391
Operating expenses:
Cost of services exclusive of depreciation and amortization	26,756	24,648	53,095	48,072
Selling, general and administrative	23,090	20,320	46,925	40,473
Restructuring expense	454	43	390	661
Impairment expense	4,068	0	4,407	99
Depreciation and amortization	14,790	13,299	29,135	26,466
Total operating expenses	69,158	58,310	133,952	115,771
Operating (loss) income	(3,137)	2,390	(3,517)	4,620
Other (expense) income:
Other (expense) income, net	(589)	1,338	(759)	2,938
(Loss) income from continuing operations before income taxes	(3,726)	3,728	(4,276)	7,558
Income tax (benefit) expense	(501)	2,103	(448)	2,988
(Loss) income from continuing operations	(3,225)	1,625	(3,828)	4,570
Total income from discontinued operations, net of tax	0	51,566	0	100,038
Net (loss) income	(3,225)	53,191	(3,828)	104,608
Other comprehensive income:
Unrealized income on interest rate hedge, net of tax	0	313	0	1,086
Comprehensive (loss) income	$ (3,225)	$ 53,504	$ (3,828)	$ 105,694
Net (loss) income per share, basic and diluted:
Basic - Income (loss) from continuing operations (in dollars per share)	$ (0.06)	$ 0.03	$ (0.08)	$ 0.09
Basic - Income from discontinued operations, net of tax (in dollars per share)	0	1.03	0	2.00
Basic net income (loss) per share (in dollars per share)	(0.06)	1.06	(0.08)	2.09
Diluted - Income (loss) from continuing operations (in dollars per share)	(0.06)	0.03	(0.08)	0.09
Diluted - Income from discontinued operations, net of tax (in dollars per share)	0	1.03	0	2.00
Diluted net income (loss) per share (in dollars per share)	$ (0.06)	$ 1.06	$ (0.08)	$ 2.09
Weighted average shares outstanding, basic (in shares)	50,157	49,945	50,133	49,945
Weighted average shares outstanding, diluted (in shares)	50,157	50,075	50,133	50,067

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Shares of Common Stock (no par value)	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2020		49,868
Beginning balance at Dec. 31, 2020	$ 577,051		$ 47,317	$ 534,440	$ (4,706)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	104,608			104,608
Unrealized income on interest rate hedge, net of tax	1,086				1,086
Stock based compensation (in shares)		118
Stock-based compensation	980		980
Common stock issued	11		11
Shares surrendered for settlement of employee taxes upon issuance of vested equity awards (in shares)		(36)
Shares surrendered for settlement of employee taxes upon issuance of vested equity awards	(1,627)		(1,627)
Ending balance (in shares) at Jun. 30, 2021		49,950
Ending balance at Jun. 30, 2021	682,109		46,681	639,048	(3,620)
Beginning balance (in shares) at Mar. 31, 2021		49,943
Beginning balance at Mar. 31, 2021	628,507		46,583	585,857	(3,933)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	53,191			53,191
Unrealized income on interest rate hedge, net of tax	313				313
Stock based compensation (in shares)		9
Stock-based compensation	234		234
Common stock issued	5		5
Shares surrendered for settlement of employee taxes upon issuance of vested equity awards (in shares)		(2)
Shares surrendered for settlement of employee taxes upon issuance of vested equity awards	(141)		(141)
Ending balance (in shares) at Jun. 30, 2021		49,950
Ending balance at Jun. 30, 2021	$ 682,109		46,681	639,048	(3,620)
Beginning balance (in shares) at Dec. 31, 2021	49,965	49,965
Beginning balance at Dec. 31, 2021	$ 642,275		49,351	592,924	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(3,828)			(3,828)
Stock based compensation (in shares)		151
Stock-based compensation	5,809		5,809
Common stock issued (in shares)		1
Common stock issued	16		16
Shares surrendered for settlement of employee taxes upon issuance of vested equity awards (in shares)		(40)
Shares surrendered for settlement of employee taxes upon issuance of vested equity awards	$ (902)		(902)
Ending balance (in shares) at Jun. 30, 2022	50,077	50,077
Ending balance at Jun. 30, 2022	$ 643,370		54,274	589,096	0
Beginning balance (in shares) at Mar. 31, 2022		50,049
Beginning balance at Mar. 31, 2022	644,329		52,008	592,321	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(3,225)			(3,225)
Stock based compensation (in shares)		41
Stock-based compensation	2,557		2,557
Common stock issued	8		8
Shares surrendered for settlement of employee taxes upon issuance of vested equity awards (in shares)		(13)
Shares surrendered for settlement of employee taxes upon issuance of vested equity awards	$ (299)		(299)
Ending balance (in shares) at Jun. 30, 2022	50,077	50,077
Ending balance at Jun. 30, 2022	$ 643,370		$ 54,274	$ 589,096	$ 0

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net (loss) income	$ (3,225)	$ 53,191	$ (3,828)	$ 104,608
Total income from discontinued operations, net of tax	0	51,566	0	100,038
(Loss) income from continuing operations	(3,225)	1,625	(3,828)	4,570
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	14,790	13,299	29,135	26,466
Stock-based compensation expense	2,400	200	5,528	834
Impairment expense	4,068	0	4,407	99
Deferred income taxes			(392)	3,132
Other, net			1,985	(201)
Changes in assets and liabilities:
Accounts receivable			4,430	4,369
Current income taxes			0	(1,305)
Operating lease assets and liabilities, net			414	(428)
Other assets			(1,902)	(6,070)
Accounts payable			127	560
Other deferrals and accruals			(1,180)	(3,852)
Net cash provided by operating activities - continuing operations			38,724	28,174
Net cash provided by operating activities - discontinued operations			0	125,011
Net cash provided by operating activities			38,724	153,185
Cash flows from investing activities:
Capital expenditures			(88,706)	(79,562)
Proceeds from sale of assets and other			279	189
Net cash used in investing activities - continuing operations			(88,427)	(79,373)
Net cash used in investing activities - discontinued operations			0	(928)
Net cash used in investing activities			(88,427)	(80,301)
Cash flows from financing activities:
Taxes paid for equity award issuances			(835)	(1,627)
Payments of Debt Issuance Costs			0	(53)
Payments for financing arrangements and other			(471)	(751)
Net cash used in financing activities - continuing operations			(1,306)	(2,431)
Net cash used in financing activities - discontinued operations			0	(17,061)
Net cash used in financing activities			(1,306)	(19,492)
Net (decrease) increase in cash and cash equivalents			(51,009)	53,392
Cash and cash equivalents, beginning of period			84,344	195,397
Cash and cash equivalents, end of period	$ 33,335	$ 248,789	$ 33,335	$ 248,789

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Supplemental Disclosures of Cash Flow Information
Interest paid	$ 0	$ (7,740)
Income taxes paid	$ 0	$ (20,954)

Basis of Presentation and Other Information

6 Months Ended

Jun. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and Other Information

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X for interim financial information. All normal recurring adjustments considered necessary for a fair presentation have been included. Certain disclosures normally included in annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") have been omitted. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes contained in our Annual Report on Form 10-K for the year ended December 31, 2021. As discussed in Notes 1 and 16 to the audited consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2021, (the "2021 Form 10-K"), the Company determined that an immaterial error existed in our previously issued financial statements. As such, the Company revised its historical unaudited condensed consolidated financial statements as of and for the three and six months ended June 30, 2021. Refer to the table below for a summary of these revisions.


	Three Months Ended June 30, 2021						Six Months Ended June 30, 2021
($ in thousands)	Pre-Adjustment		Error Correction		Post-Adjustment		Pre-Adjustment		Error Correction		Post-Adjustment
Unaudited Condensed Consolidated Statement of Comprehensive Income:
Cost of services	$	24,335	$	313	$	24,648	$	47,618	$	454	$	48,072
Income (loss) from continuing operations before income taxes	4,041		(313)		3,728		8,012		(454)		7,558
Income tax expense (benefit)	2,185		(82)		2,103		3,107		(119)		2,988
Income (loss) from continuing operations	1,856		(231)		1,625		4,905		(335)		4,570
Net income (loss)	53,422		(231)		53,191		104,943		(335)		104,608
Comprehensive income (loss)	53,735		(231)		53,504		106,029		(335)		105,694
Net income per share, basic and diluted:
Basic - Income from continuing operations	$	0.04	$	(0.01)	$	0.03	$	0.10	$	(0.01)	$	0.09
Basic - Net income per share	$	1.07	$	(0.01)	$	1.06	$	2.10	$	(0.01)	$	2.09
Diluted - Income from continuing operations	$	0.04	$	(0.01)	$	0.03	$	0.10	$	(0.01)	$	0.09
Diluted - Net income per share	$	1.07	$	(0.01)	$	1.06	$	2.10	$	(0.01)	$	2.09

The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect reported amounts of assets, liabilities, revenues and expenses and related disclosures. On an on-going basis we evaluate significant estimates and assumptions, including, but not limited to, revenue recognition, stock-based compensation, estimated useful lives of assets, intangible assets subject to amortization, and the computation of income taxes. Future events and their effects cannot be predicted with certainty; accordingly, the Company’s accounting estimates require the exercise of judgment. The accounting estimates used in the preparation of the financial statements will change as new events occur, as more experience is acquired, as additional information is obtained, and as the Company’s operating environment changes. Management evaluates and updates assumptions and estimates on an ongoing basis. Actual results may differ from these estimates under different assumptions or conditions.

Adoption of New Accounting Principles

In November 2021, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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. On July 1, 2022, we adopted ASU 2021-10 and have included the new disclosure requirements in Note 10, Government Grants.

Other than the matter described above, there have been no material developments related to recently issued accounting standards, including the expected dates of adoption and estimated effects on the Company's unaudited condensed consolidated financial statements and note disclosures, from those disclosed in the Company's 2021 Form 10-K, that would be expected to impact the Company.

Revenue from Contracts with Customers

6 Months Ended

Jun. 30, 2022

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 one year. Additionally, the Company incurs commission expenses 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. Amortization of capitalized commission expenses is recorded in selling, general and administrative expenses in the Company's unaudited condensed consolidated statements of comprehensive (loss) income.

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


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2022		2021		2022		2021
Beginning Balance	$	8,303	$	7,763	$	8,147	$	7,358
Contract payments	1,309		711		1,647		1,825
Contract amortization	(1,185)		(950)		(1,367)		(1,659)
Ending Balance	$	8,427	$	7,524	$	8,427	$	7,524

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 $3.8 million at June 30, 2022, 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 Accounting Standards Codification 842, Leases, ("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 12, Segment Reporting, for a summary of these revenue streams.

- 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 https://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

+ Details

Investments

6 Months Ended

Jun. 30, 2022

Investments [Abstract]

Investments

Investments consist of the following:


(in thousands)	June 30, 2022		December 31, 2021
SERP investments at fair value	$	1,812	$	2,317
Cost method investments	10,772		11,004
Equity method investments	313		340
Total investments	$	12,897	$	13,661

SERP Investments at Fair Value: The Supplemental Executive Retirement Plan (“SERP”) is a benefit plan that provides deferred compensation to certain employees. The Company holds the related 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. The fair value of the SERP investments are based on unadjusted quoted prices in active markets and are classified as Level 1 of the fair value hierarchy. Changes to the investments' fair value are presented in Other income (expense), while the reciprocal changes in the liability are presented in selling, general and administrative expense. At June 30, 2022 and December 31, 2021, $0.8 million of SERP investments were presented as prepaid expenses and other (current assets) as we intended to liquidate certain investments to pay the current portion of our SERP obligation. The obligation was paid on July 1, 2022.

Cost Method Investments: Our investment in CoBank ACB’s Class A common stock represented substantially all of our cost method investments with a balance of $10.0 million and $10.3 million at June 30, 2022 and December 31, 2021, respectively. We recognized approximately $0.1 million and $1.0 million of patronage income in other income for the three months ended June 30, 2022 and 2021, respectively, and approximately $0.2 million and $2.0 million during the six months ended June 30, 2022 and 2021, respectively. Historically, approximately 75% of the patronage distributions were collected in cash and 25% in equity.

Equity Method Investments: At June 30, 2022 and 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, through related party transactions. We recognized revenue of $0.2 million during both of the three months ended June 30, 2022 and 2021 and $0.4 million during both of the six months ended June 30, 2022 and 2021, respectively. We recognized cost of service of $26.2 thousand and $0.6 million for the three months ended June 30, 2022 and 2021, respectively, and $54.4 thousand and $1.1 million for the six months ended June 30, 2022 and 2021, respectively.

Property, Plant and Equipment

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment consist of the following:


($ in thousands)	Estimated Useful Lives	June 30, 2022		December 31, 2021
Land		$	3,771	$	3,771
Land improvements	10 years	3,483		3,478
Buildings and structures	10 - 45 years	96,287		96,323
Cable and fiber	15 - 30 years	528,352		453,405
Equipment and software	4 - 8 years	361,290		391,293
Plant in service		993,183		948,270
Plant under construction		116,225		79,963
Total property, plant and equipment		1,109,408		1,028,233
Less: accumulated depreciation and amortization		499,623		474,071
Property, plant and equipment, net		$	609,785	$	554,162

Property, plant and equipment net, increases were primarily attributable to capital expenditures in the Broadband segment due to expansion of Glo Fiber assets and market expansion. Depreciation expense was $14.6 million and $13.1 million during the

three months ended June 30, 2022 and 2021, respectively, and $28.7 million and $26.1 million for the six months ended June 30, 2022 and 2021, respectively.

In the fourth quarter of 2021, due to the availability of grants awarded under various governmental initiatives, and in support of rural fiber to the home ("FTTH") broadband network expansion projects, we decided to cease further expansion of our “Beam” branded fixed wireless edge-out strategy. During the second quarter of 2022, the Company permanently ceased operating 20 of our 55 Beam fixed wireless sites and expects these sites to be completely decommissioned by December 31, 2022. Consequently, Shentel recorded an impairment charge of $4.1 million. The Company also began, during the second quarter of 2022, exploration of strategic alternatives concerning the remaining Beam branded fixed wireless assets and operations.

Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and intangible assets consist of the following:


	June 30, 2022						December 31, 2021
(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
Railroad crossing rights	141		—		141		141		—		141
Total indefinite-lived intangibles	64,475		—		64,475		64,475		—		64,475

Finite-lived intangibles:
Subscriber relationships	28,425		(26,679)		1,746		28,425		(26,451)		1,974
Other intangibles	463		(316)		147		463		(303)		160
Total finite-lived intangibles	28,888		(26,995)		1,893		28,888		(26,754)		2,134
Total goodwill and intangible assets	$	96,607	$	(26,995)	$	69,612	$	96,607	$	(26,754)	$	69,853

Amortization expense was $0.2 million for both of the three months ended June 30, 2022 and 2021, and $0.4 million for both of the six months ended June 30, 2022 and 2021.

On June 30, 2022, the Company determined that certain of our FCC spectrum licenses met the held-for-sale criteria; accordingly, $13.8 million of indefinite-lived licenses and $6.0 million of finite-lived licenses are presented as held for sale, along with the corresponding $3.8 million of liabilities related to the finite-lived licenses. The corresponding amounts related to these assets and liabilities were reclassified on the unaudited condensed consolidated balance sheet as of December 31, 2021 for comparability. Management evaluated the events described here and in Note 4, Property, Plant and Equipment and determined that these events do not represent a strategic shift in the Company's business.

Other Assets and Accrued Liabilities

6 Months Ended

Jun. 30, 2022

Other Liabilities Disclosure [Abstract]

Other Assets and Accrued Liabilities

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


(in thousands)	June 30, 2022		December 31, 2021
Deposit for FCC spectrum licenses	$	16,118	$	16,118
Prepaid maintenance and software expenses	8,053		8,391
Broadband contract acquisition costs	2,628		2,502
SERP investments	801		801
Other	2,012		2,018
Prepaid expenses and other	$	29,612	$	29,830

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


(in thousands)	June 30, 2022		December 31, 2021
Broadband contract acquisition costs	$	5,799	$	5,645
Prepaid maintenance and software expenses	7,640		4,653
Deferred charges and other assets	$	13,439	$	10,298

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


(in thousands)	June 30, 2022		December 31, 2021
Accrued programming costs	$	3,590	$	3,084
Sales and property taxes payable	1,329		1,065
Restructuring accrual	467		1,761
Other current liabilities	9,548		8,701
Accrued liabilities and other	$	14,934	$	14,611

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


(in thousands)	June 30, 2022		December 31, 2021
Noncurrent portion of deferred lease revenue	$	20,127	$	19,749
Noncurrent portion of financing leases	1,515		1,614
Other	414		461
Other liabilities	$	22,056	$	21,824

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 respect to the licenses subject to final approval and issuance by the 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. As of June 30, 2022, the FCC was still reviewing the Company’s final application for the licenses. The entire deposit of $16.1 million is classified within prepaid expenses and other in the Company’s consolidated balance sheets as of June 30, 2022 and December 31, 2021. In July 2022, the FCC completed its review resulting in the determination that the Company will be issued licenses with a deposit value of $12.1 million and a cash refund for $4.0 million for licenses which were deemed not issuable. The licenses and cash refund are expected to be received in the third quarter of 2022.

In 2021, as a result of the sale of our Wireless assets and operations, we implemented a restructuring plan whereby certain employees were notified of their pending dismissal under the workforce reduction program. We made $1.3 million in severance payments related to the workforce reduction program for the six months ended June 30, 2022. We made $0.5 million in severance payments related to the workforce reduction program for the three months ended June 30, 2022. During the three months ended June 30, 2021, we paid approximately $0.6 million of severance benefits and we recognized additional expenses of $0.04 million and $0.3 million, presented in continuing and discontinued operations, respectively. For the six months ended June 30, 2021, $0.7 million and $0.5 million of expense is presented in continuing and discontinued operations, respectively.

Leases

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Leases

We lease various broadband network and telecommunications sites, fiber optic cable routes, warehouses, retail stores, and office facilities for use in our business.

At June 30, 2022, 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%.

We recognized $3.0 million and $2.0 million of operating lease expense for the three months ended June 30, 2022 and 2021, respectively, and $5.7 million and $3.4 million of operating lease expense for the six months ended June 30, 2022 and 2021,

respectively. We recognized $0.1 million of interest and depreciation expense on finance leases for both of the three months ended June 30, 2022 and 2021, and $0.3 million of interest and depreciation expense on finance leases for both of the six months ended June 30, 2022 and 2021. 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 $1.5 million and $1.3 million of operating lease payments for the three months ended June 30, 2022 and 2021, respectively. We remitted $3.1 million and $2.8 million of operating lease payments for the six months ended June 30, 2022 and 2021, respectively. We obtained $0.5 million and $2.4 million of leased assets in exchange for new operating lease liabilities recognized for the three months ended June 30, 2022 and 2021, respectively. We obtained $2.1 million and $5.1 million of leased assets in exchange for new operating lease liabilities recognized for the six months ended June 30, 2022 and 2021, respectively.

The following table summarizes the expected maturity of lease liabilities at June 30, 2022:


(in thousands)	Operating Leases		Finance Leases		Total
2022	$	2,522	$	54	$	2,576
2023	5,236		176		5,412
2024	4,899		178		5,077
2025	4,688		180		4,868
2026	4,133		153		4,286
2027 and thereafter	68,458		1,514		69,972
Total lease payments	89,936		2,255		92,191
Less: Interest	35,054		645		35,699
Present value of lease liabilities	$	54,882	$	1,610	$	56,492

We recognized $4.4 million and $2.3 million of operating lease revenue for the three months ended June 30, 2022 and 2021, respectively, and $9.8 million and $4.7 million of operating lease revenue for the six months ended June 30, 2022 and 2021, respectively, related to the cell site colocation space and dedicated fiber optic strands that we lease to our customers, which is included in Service revenue and other in the unaudited condensed consolidated statements of comprehensive income (loss). Substantially all of our lease revenue relates to fixed lease payments.

Below is a summary of our minimum rental receipts under the lease agreements in place at June 30, 2022:


(in thousands)	Operating Leases
2022	$	7,725
2023	14,276
2024	13,255
2025	12,351
2026	9,338
2027 and thereafter	30,069
Total	$	87,014

Leases

We lease various broadband network and telecommunications sites, fiber optic cable routes, warehouses, retail stores, and office facilities for use in our business.

The following table summarizes the expected maturity of lease liabilities at June 30, 2022:


(in thousands)	Operating Leases		Finance Leases		Total
2022	$	2,522	$	54	$	2,576
2023	5,236		176		5,412
2024	4,899		178		5,077
2025	4,688		180		4,868
2026	4,133		153		4,286
2027 and thereafter	68,458		1,514		69,972
Total lease payments	89,936		2,255		92,191
Less: Interest	35,054		645		35,699
Present value of lease liabilities	$	54,882	$	1,610	$	56,492

Below is a summary of our minimum rental receipts under the lease agreements in place at June 30, 2022:


(in thousands)	Operating Leases
2022	$	7,725
2023	14,276
2024	13,255
2025	12,351
2026	9,338
2027 and thereafter	30,069
Total	$	87,014

Leases

We lease various broadband network and telecommunications sites, fiber optic cable routes, warehouses, retail stores, and office facilities for use in our business.

The following table summarizes the expected maturity of lease liabilities at June 30, 2022:


(in thousands)	Operating Leases		Finance Leases		Total
2022	$	2,522	$	54	$	2,576
2023	5,236		176		5,412
2024	4,899		178		5,077
2025	4,688		180		4,868
2026	4,133		153		4,286
2027 and thereafter	68,458		1,514		69,972
Total lease payments	89,936		2,255		92,191
Less: Interest	35,054		645		35,699
Present value of lease liabilities	$	54,882	$	1,610	$	56,492

Below is a summary of our minimum rental receipts under the lease agreements in place at June 30, 2022:


(in thousands)	Operating Leases
2022	$	7,725
2023	14,276
2024	13,255
2025	12,351
2026	9,338
2027 and thereafter	30,069
Total	$	87,014

Income Taxes

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

The Company files U.S. federal income tax returns and various state income tax returns. The Company is not subject to any state or federal income tax audits as of June 30, 2022. The Company's income tax returns are generally open to examination from 2018 forward and the net operating losses acquired in the acquisition of nTelos are open to examination from 2002 forward.

The effective tax rates for the three and six months ended June 30, 2022 and 2021, differ from the statutory U.S. federal income tax rate of 21% primarily due to the state income taxes, excess tax benefits and other discrete items.


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2022		2021		2022		2021
Expected tax (benefit) expense at federal statutory	$	(783)	$	783	$	(898)	$	1,587
State income tax (benefit) expense, net of federal tax effect	(181)		154		(213)		469
Revaluation of deferred tax liabilities	—		1,046		—		1,046
Excess tax deficiency (benefit) from share-based compensation and other expense, net	463		120		663		(114)
Income tax (benefit) expense	$	(501)	$	2,103	$	(448)	$	2,988

The Company made no cash payments and received no cash refunds for income taxes for the six months ended June 30, 2022. The Company's cash payments for income taxes were approximately $21.0 million for the six months ended June 30, 2021.

- 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
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Stock Compensation and (Loss) Earnings per Share

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Stock Compensation and (Loss) Earnings per Share

The Company granted approximately 283,000 restricted stock units ("RSUs") at market prices ranging from $21.57 to $25.07 to employees and members of the board of directors during the six months ended June 30, 2022. Additionally, approximately 100,000 Relative Total Shareholder Return (“RTSR”) awards were granted to employees at a value of $23.83 per award during the six months ended June 30, 2022. The Company incurred $2.4 million and $0.2 million in stock-based compensation expense for the three months ended June 30, 2022 and 2021 and $5.5 million and $0.8 million in stock-based compensation expense for the six months ended June 30, 2022 and 2021, respectively. Stock-based compensation expense is presented in selling, general and administrative costs in our unaudited condensed consolidated statements of comprehensive income (loss).

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:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share amounts)	2022		2021		2022		2021
Calculation of net (loss) income per share:
(Loss) income from continuing operations	$	(3,225)	$	1,625	$	(3,828)	$	4,570
Total income from discontinued operations, net of tax	—		51,566		—		100,038
Net (loss) income	$	(3,225)	$	53,191	$	(3,828)	$	104,608
Basic weighted average shares outstanding	50,157		49,945		50,133		49,945
Basic net (loss) income per share - continuing operations	$	(0.06)	$	0.03	$	(0.08)	$	0.09
Basic net income per share - discontinued operations	—		1.03		—		2.00
Basic net (loss) income per share	$	(0.06)	$	1.06	$	(0.08)	$	2.09

Effect of stock-based compensation awards outstanding:
Basic weighted average shares outstanding	50,157		49,945		50,133		49,945
Effect from dilutive shares and options outstanding	—		130		—		122
Diluted weighted average shares outstanding	50,157		50,075		50,133		50,067
Diluted net (loss) income per share - continuing operations	$	(0.06)	$	0.03	$	(0.08)	$	0.09
Diluted net income per share - discontinued operations	—		1.03		—		2.00
Diluted net (loss) income per share	$	(0.06)	$	1.06	$	(0.08)	$	2.09

There were approximately 212,000 and 155,000 potentially dilutive equity awards for the three and six months ended June 30, 2022; however, these securities were excluded from the calculation of diluted weighted average shares outstanding due to the fact that they were anti-dilutive as a result of the Company's net loss for the period. There were fewer than 200,000 anti-dilutive equity awards outstanding for the three and six months ended June 30, 2021.

Government Grants	6 Months Ended
Government Grants	Jun. 30, 2022
Government Grants [Abstract]
Government Grants	Government Grants During the fourth quarter of 2021, the Virginia Department of Housing and Community Development ("VA DHCD"), in partnership with five counties in Virginia, awarded the Company up to approximately $57.8 million in grants under the Virginia Telecommunication Initiative ("VATI") to strategically expand the Company's broadband network in order to provide fiber-to-the-home broadband services to unserved residences in the partnering counties in Virginia. In July 2022, the Maryland Department of Housing and Community Development ("MD DHCD"), in partnership with Frederick County, Maryland, awarded the Company up to approximately $10.2 million in grants to expand the Company's broadband network to homes and businesses in Frederick County. To receive such grant distributions, we are required to enter into agreements with each partnering county and meet certain build-out milestones. The network is required to meet certain performance conditions for a subsequent five year period to ensure that minimum download and upload speeds are able to be provided to the underserved residences. The Company recognizes grant receivables at the time it becomes probable that the Company will be eligible to receive the grant, which is estimated to correspond with the date when specified build-out milestones are achieved. The grant is treated as a reduction to the corresponding property, plant and equipment asset balance and is recognized through depreciation expense over the life of the corresponding asset. Reimbursable amounts are dependent upon the actual construction costs. The Company has not recognized any amounts under these programs as of June 30, 2022.

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We are committed to make payments to satisfy our lease liabilities. The scheduled payments under those obligations are summarized in Note 7, Leases. We also have outstanding unconditional purchase commitments to procure marketing services and IT software licenses through 2026 and commitments for FCC spectrum licenses to access Educational Broadband Service (“EBS”) spectrum channels through 2039 (which have been classified as held for sale). From time to time the Company is involved in various litigation matters arising out of the normal course of business. The Company consults with legal counsel on those issues related to litigation and seeks input from other experts and advisors with respect to such matters. Estimating the probable losses or a range of probable losses resulting from litigation, government actions and other legal proceedings is inherently difficult and requires an extensive degree of judgment, particularly where the matters involve indeterminate claims for monetary damages, may involve discretionary amounts, present novel legal theories, are in the early stages of the proceedings, or are subject to appeal. Whether any losses, damages or remedies ultimately resulting from such matters could reasonably have a material effect on the Company’s business, financial condition, results of operations, or cash flows will depend on a number of variables, including, for example, the timing and amount of such losses or damages (if any) and the structure and type of any such remedies. The Company’s management does not presently expect any litigation matters to have a material adverse impact on the consolidated financial statements of the Company.

Segment Reporting

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Segment Reporting

Three Months Ended June 30, 2022:


(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	47,899	$	—	$	—	$	47,899
Commercial Fiber	9,340		—		—		9,340
RLEC & Other	4,124		—		—		4,124
Tower lease	—		4,615		—		4,615
Service revenue and other	61,363		4,615		—		65,978
Intercompany revenue and other	49		87		(93)		43
Total revenue	61,412		4,702		(93)		66,021
Operating expenses
Cost of services	25,440		1,378		(62)		26,756
Selling, general and administrative	13,958		406		8,726		23,090
Restructuring expense	443		—		11		454
Impairment expense	4,068		—		—		4,068
Depreciation and amortization	13,396		633		761		14,790
Total operating expenses	57,305		2,417		9,436		69,158
Operating income (loss)	$	4,107	$	2,285	$	(9,529)	$	(3,137)

Three Months Ended June 30, 2021:


(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	43,989	$	—	$	—	$	43,989
Commercial Fiber	6,531		—		—		6,531
RLEC & Other	3,605		—		—		3,605
Tower lease	—		2,019		—		2,019
Service revenue and other	54,125		2,019		—		56,144
Intercompany revenue and other	2,102		2,595		(141)		4,556
Total revenue	56,227		4,614		(141)		60,700
Operating expenses
Cost of services	23,440		1,318		(110)		24,648
Selling, general and administrative	12,806		338		7,176		20,320
Restructuring expense	27		—		16		43
Depreciation and amortization	11,775		449		1,075		13,299
Total operating expenses	48,048		2,105		8,157		58,310
Operating income (loss)	$	8,179	$	2,509	$	(8,298)	$	2,390

Six Months Ended June 30, 2022:


(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	94,812	$	—	$	—	$	94,812
Commercial Fiber	18,402		—		—		18,402
RLEC & Other	7,813		—		—		7,813
Tower lease	—		9,361		—		9,361
Service revenue and other	121,027		9,361		—		130,388
Intercompany revenue and other	99		188		(240)		47
Total revenue	121,126		9,549		(240)		130,435
Operating expenses
Cost of services	50,608		2,670		(183)		53,095
Selling, general and administrative	27,430		724		18,771		46,925
Restructuring expense	460		—		(70)		390
Impairment expense	4,407		—		—		4,407
Depreciation and amortization	25,933		1,117		2,085		29,135
Total operating expenses	108,838		4,511		20,603		133,952
Operating income (loss)	$	12,288	$	5,038	$	(20,843)	$	(3,517)

Six Months Ended June 30, 2021:


(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	86,919	$	—	$	—	$	86,919
Commercial Fiber	12,916		—		—		12,916
RLEC & Other	7,236		—		—		7,236
Tower lease	—		4,169		—		4,169
Service revenue and other	107,071		4,169		—		111,240
Intercompany revenue and other	4,310		5,110		(269)		9,151
Total revenue	111,381		9,279		(269)		120,391
Operating expenses
Cost of services	45,717		2,566		(211)		48,072
Selling, general and administrative	23,531		572		16,370		40,473
Restructuring expense	132		—		529		661
Impairment expense	99		—		—		99
Depreciation and amortization	23,437		930		2,099		26,466
Total operating expenses	92,916		4,068		18,787		115,771
Operating income (loss)	$	18,465	$	5,211	$	(19,056)	$	4,620

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


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2022		2021		2022		2021
Total consolidated operating income (loss)	$	(3,137)	$	2,390	$	(3,517)	$	4,620
Other (expense) income, net	(589)		1,338		(759)		2,938
Income (loss) from continuing operations before income taxes	$	(3,726)	$	3,728	$	(4,276)	$	7,558

The Company’s chief operating decision maker (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 provided.

- 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
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Discontinued Operations

6 Months Ended

Jun. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Discontinued 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 Transaction (the "disposal group") were presented as held for sale within our historical unaudited condensed consolidated balance sheets, and discontinued operations within our historical unaudited condensed consolidated statements of comprehensive income (loss).

Income from discontinued operations, net of tax, in the unaudited condensed consolidated statements of comprehensive income (loss) consist of the following:


(in thousands)	Three Months Ended June 30, 2021		Six Months Ended June 30, 2021
Revenue:
Service revenue and other	$	100,402	$	201,076
Equipment revenue	5,854		12,253
Total revenue	106,256		213,329
Operating expenses:
Cost of services	18,717		38,144
Cost of goods sold	5,743		11,964
Selling, general and administrative	6,812		17,514
Severance expense	254		465
Total operating expenses	31,526		68,087
Operating income	74,730		145,242
Interest expense and other, net	(4,317)		(8,701)
Income before income taxes	70,413		136,541
Income tax expense	18,847		36,503
Income from discontinued operations, net of tax	$	51,566	$	100,038

There was no material income from discontinued operations for the three and six months ended June 30, 2022.

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsLong-term debt: On July 1, 2022, the Company drew $12.5 million against both (a) the $150 million five-year delayed draw amortizing term loan ("Term Loan A-1") and (b) the $150 million seven-year delayed draw amortizing term loan ("Term Loan A-2") for a total of $25 million.

Basis of Presentation and Other Information (Policies)	6 Months Ended
Basis of Presentation and Other Information (Policies)	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Adoption of New Accounting Principles	Adoption of New Accounting Principles In November 2021, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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. On July 1, 2022, we adopted ASU 2021-10 and have included the new disclosure requirements in Note 10, Government Grants. Other than the matter described above, there have been no material developments related to recently issued accounting standards, including the expected dates of adoption and estimated effects on the Company's unaudited condensed consolidated financial statements and note disclosures, from those disclosed in the Company's 2021 Form 10-K, that would be expected to impact the Company.
Investment	SERP Investments at Fair Value: The Supplemental Executive Retirement Plan (“SERP”) is a benefit plan that provides deferred compensation to certain employees. The Company holds the related 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. The fair value of the SERP investments are based on unadjusted quoted prices in active markets and are classified as Level 1 of the fair value hierarchy. Changes to the investments' fair value are presented in Other income (expense), while the reciprocal changes in the liability are presented in selling, general and administrative expense. At June 30, 2022 and December 31, 2021, $0.8 million of SERP investments were presented as prepaid expenses and other (current assets) as we intended to liquidate certain investments to pay the current portion of our SERP obligation. The obligation was paid on July 1, 2022. Cost Method Investments: Our investment in CoBank ACB’s Class A common stock represented substantially all of our cost method investments with a balance of $10.0 million and $10.3 million at June 30, 2022 and December 31, 2021, respectively. We recognized approximately $0.1 million and $1.0 million of patronage income in other income for the three months ended June 30, 2022 and 2021, respectively, and approximately $0.2 million and $2.0 million during the six months ended June 30, 2022 and 2021, respectively. Historically, approximately 75% of the patronage distributions were collected in cash and 25% in equity. Equity Method Investments: At June 30, 2022 and 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, through related party transactions. We recognized revenue of $0.2 million during both of the three months ended June 30, 2022 and 2021 and $0.4 million during both of the six months ended June 30, 2022 and 2021, respectively. We recognized cost of service of $26.2 thousand and $0.6 million for the three months ended June 30, 2022 and 2021, respectively, and $54.4 thousand and $1.1 million for the six months ended June 30, 2022 and 2021, respectively.

Organization, Consolidation and Presentation of Financial Statements (Tables)

6 Months Ended

Jun. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

Refer to the table below for a summary of these revisions.


	Three Months Ended June 30, 2021						Six Months Ended June 30, 2021
($ in thousands)	Pre-Adjustment		Error Correction		Post-Adjustment		Pre-Adjustment		Error Correction		Post-Adjustment
Unaudited Condensed Consolidated Statement of Comprehensive Income:
Cost of services	$	24,335	$	313	$	24,648	$	47,618	$	454	$	48,072
Income (loss) from continuing operations before income taxes	4,041		(313)		3,728		8,012		(454)		7,558
Income tax expense (benefit)	2,185		(82)		2,103		3,107		(119)		2,988
Income (loss) from continuing operations	1,856		(231)		1,625		4,905		(335)		4,570
Net income (loss)	53,422		(231)		53,191		104,943		(335)		104,608
Comprehensive income (loss)	53,735		(231)		53,504		106,029		(335)		105,694
Net income per share, basic and diluted:
Basic - Income from continuing operations	$	0.04	$	(0.01)	$	0.03	$	0.10	$	(0.01)	$	0.09
Basic - Net income per share	$	1.07	$	(0.01)	$	1.06	$	2.10	$	(0.01)	$	2.09
Diluted - Income from continuing operations	$	0.04	$	(0.01)	$	0.03	$	0.10	$	(0.01)	$	0.09
Diluted - Net income per share	$	1.07	$	(0.01)	$	1.06	$	2.10	$	(0.01)	$	2.09

Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Amortized and Capitalized Contract Cost

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


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2022		2021		2022		2021
Beginning Balance	$	8,303	$	7,763	$	8,147	$	7,358
Contract payments	1,309		711		1,647		1,825
Contract amortization	(1,185)		(950)		(1,367)		(1,659)
Ending Balance	$	8,427	$	7,524	$	8,427	$	7,524

Investments (Tables)

6 Months Ended

Jun. 30, 2022

Investments [Abstract]

Other Investments

Investments consist of the following:


(in thousands)	June 30, 2022		December 31, 2021
SERP investments at fair value	$	1,812	$	2,317
Cost method investments	10,772		11,004
Equity method investments	313		340
Total investments	$	12,897	$	13,661

Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment consist of the following:


($ in thousands)	Estimated Useful Lives	June 30, 2022		December 31, 2021
Land		$	3,771	$	3,771
Land improvements	10 years	3,483		3,478
Buildings and structures	10 - 45 years	96,287		96,323
Cable and fiber	15 - 30 years	528,352		453,405
Equipment and software	4 - 8 years	361,290		391,293
Plant in service		993,183		948,270
Plant under construction		116,225		79,963
Total property, plant and equipment		1,109,408		1,028,233
Less: accumulated depreciation and amortization		499,623		474,071
Property, plant and equipment, net		$	609,785	$	554,162

Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Resulting from Acquisition

Goodwill and intangible assets consist of the following:


	June 30, 2022						December 31, 2021
(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
Railroad crossing rights	141		—		141		141		—		141
Total indefinite-lived intangibles	64,475		—		64,475		64,475		—		64,475

Finite-lived intangibles:
Subscriber relationships	28,425		(26,679)		1,746		28,425		(26,451)		1,974
Other intangibles	463		(316)		147		463		(303)		160
Total finite-lived intangibles	28,888		(26,995)		1,893		28,888		(26,754)		2,134
Total goodwill and intangible assets	$	96,607	$	(26,995)	$	69,612	$	96,607	$	(26,754)	$	69,853

Schedule of Finite-Lived Intangible Assets

Goodwill and intangible assets consist of the following:


	June 30, 2022						December 31, 2021
(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
Railroad crossing rights	141		—		141		141		—		141
Total indefinite-lived intangibles	64,475		—		64,475		64,475		—		64,475

Finite-lived intangibles:
Subscriber relationships	28,425		(26,679)		1,746		28,425		(26,451)		1,974
Other intangibles	463		(316)		147		463		(303)		160
Total finite-lived intangibles	28,888		(26,995)		1,893		28,888		(26,754)		2,134
Total goodwill and intangible assets	$	96,607	$	(26,995)	$	69,612	$	96,607	$	(26,754)	$	69,853

Other Assets and Accrued Liabilities (Tables)

6 Months Ended

Jun. 30, 2022

Other Liabilities Disclosure [Abstract]

Schedule of Other Current Assets

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


(in thousands)	June 30, 2022		December 31, 2021
Deposit for FCC spectrum licenses	$	16,118	$	16,118
Prepaid maintenance and software expenses	8,053		8,391
Broadband contract acquisition costs	2,628		2,502
SERP investments	801		801
Other	2,012		2,018
Prepaid expenses and other	$	29,612	$	29,830

Schedule of Other Assets, Noncurrent

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


(in thousands)	June 30, 2022		December 31, 2021
Broadband contract acquisition costs	$	5,799	$	5,645
Prepaid maintenance and software expenses	7,640		4,653
Deferred charges and other assets	$	13,439	$	10,298

Summary of Accrued Liabilities and Other

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


(in thousands)	June 30, 2022		December 31, 2021
Accrued programming costs	$	3,590	$	3,084
Sales and property taxes payable	1,329		1,065
Restructuring accrual	467		1,761
Other current liabilities	9,548		8,701
Accrued liabilities and other	$	14,934	$	14,611

Other Noncurrent Liabilities

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


(in thousands)	June 30, 2022		December 31, 2021
Noncurrent portion of deferred lease revenue	$	20,127	$	19,749
Noncurrent portion of financing leases	1,515		1,614
Other	414		461
Other liabilities	$	22,056	$	21,824

Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Expected Maturity of Lease Liabilities, Operating

The following table summarizes the expected maturity of lease liabilities at June 30, 2022:


(in thousands)	Operating Leases		Finance Leases		Total
2022	$	2,522	$	54	$	2,576
2023	5,236		176		5,412
2024	4,899		178		5,077
2025	4,688		180		4,868
2026	4,133		153		4,286
2027 and thereafter	68,458		1,514		69,972
Total lease payments	89,936		2,255		92,191
Less: Interest	35,054		645		35,699
Present value of lease liabilities	$	54,882	$	1,610	$	56,492

Expected Maturity of Lease Liabilities, Financing

The following table summarizes the expected maturity of lease liabilities at June 30, 2022:


(in thousands)	Operating Leases		Finance Leases		Total
2022	$	2,522	$	54	$	2,576
2023	5,236		176		5,412
2024	4,899		178		5,077
2025	4,688		180		4,868
2026	4,133		153		4,286
2027 and thereafter	68,458		1,514		69,972
Total lease payments	89,936		2,255		92,191
Less: Interest	35,054		645		35,699
Present value of lease liabilities	$	54,882	$	1,610	$	56,492

Minimum Rental Receipts Under Lease Agreement Lessor, Operating Leases

Below is a summary of our minimum rental receipts under the lease agreements in place at June 30, 2022:


(in thousands)	Operating Leases
2022	$	7,725
2023	14,276
2024	13,255
2025	12,351
2026	9,338
2027 and thereafter	30,069
Total	$	87,014

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Reconciliation of Income Taxes


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2022		2021		2022		2021
Expected tax (benefit) expense at federal statutory	$	(783)	$	783	$	(898)	$	1,587
State income tax (benefit) expense, net of federal tax effect	(181)		154		(213)		469
Revaluation of deferred tax liabilities	—		1,046		—		1,046
Excess tax deficiency (benefit) from share-based compensation and other expense, net	463		120		663		(114)
Income tax (benefit) expense	$	(501)	$	2,103	$	(448)	$	2,988

Stock Compensation and (Loss) Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share amounts)	2022		2021		2022		2021
Calculation of net (loss) income per share:
(Loss) income from continuing operations	$	(3,225)	$	1,625	$	(3,828)	$	4,570
Total income from discontinued operations, net of tax	—		51,566		—		100,038
Net (loss) income	$	(3,225)	$	53,191	$	(3,828)	$	104,608
Basic weighted average shares outstanding	50,157		49,945		50,133		49,945
Basic net (loss) income per share - continuing operations	$	(0.06)	$	0.03	$	(0.08)	$	0.09
Basic net income per share - discontinued operations	—		1.03		—		2.00
Basic net (loss) income per share	$	(0.06)	$	1.06	$	(0.08)	$	2.09

Effect of stock-based compensation awards outstanding:
Basic weighted average shares outstanding	50,157		49,945		50,133		49,945
Effect from dilutive shares and options outstanding	—		130		—		122
Diluted weighted average shares outstanding	50,157		50,075		50,133		50,067
Diluted net (loss) income per share - continuing operations	$	(0.06)	$	0.03	$	(0.08)	$	0.09
Diluted net income per share - discontinued operations	—		1.03		—		2.00
Diluted net (loss) income per share	$	(0.06)	$	1.06	$	(0.08)	$	2.09

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Selected Financial Data for Segments

Three Months Ended June 30, 2022:


(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	47,899	$	—	$	—	$	47,899
Commercial Fiber	9,340		—		—		9,340
RLEC & Other	4,124		—		—		4,124
Tower lease	—		4,615		—		4,615
Service revenue and other	61,363		4,615		—		65,978
Intercompany revenue and other	49		87		(93)		43
Total revenue	61,412		4,702		(93)		66,021
Operating expenses
Cost of services	25,440		1,378		(62)		26,756
Selling, general and administrative	13,958		406		8,726		23,090
Restructuring expense	443		—		11		454
Impairment expense	4,068		—		—		4,068
Depreciation and amortization	13,396		633		761		14,790
Total operating expenses	57,305		2,417		9,436		69,158
Operating income (loss)	$	4,107	$	2,285	$	(9,529)	$	(3,137)

Three Months Ended June 30, 2021:


(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	43,989	$	—	$	—	$	43,989
Commercial Fiber	6,531		—		—		6,531
RLEC & Other	3,605		—		—		3,605
Tower lease	—		2,019		—		2,019
Service revenue and other	54,125		2,019		—		56,144
Intercompany revenue and other	2,102		2,595		(141)		4,556
Total revenue	56,227		4,614		(141)		60,700
Operating expenses
Cost of services	23,440		1,318		(110)		24,648
Selling, general and administrative	12,806		338		7,176		20,320
Restructuring expense	27		—		16		43
Depreciation and amortization	11,775		449		1,075		13,299
Total operating expenses	48,048		2,105		8,157		58,310
Operating income (loss)	$	8,179	$	2,509	$	(8,298)	$	2,390

Six Months Ended June 30, 2022:


(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	94,812	$	—	$	—	$	94,812
Commercial Fiber	18,402		—		—		18,402
RLEC & Other	7,813		—		—		7,813
Tower lease	—		9,361		—		9,361
Service revenue and other	121,027		9,361		—		130,388
Intercompany revenue and other	99		188		(240)		47
Total revenue	121,126		9,549		(240)		130,435
Operating expenses
Cost of services	50,608		2,670		(183)		53,095
Selling, general and administrative	27,430		724		18,771		46,925
Restructuring expense	460		—		(70)		390
Impairment expense	4,407		—		—		4,407
Depreciation and amortization	25,933		1,117		2,085		29,135
Total operating expenses	108,838		4,511		20,603		133,952
Operating income (loss)	$	12,288	$	5,038	$	(20,843)	$	(3,517)

Six Months Ended June 30, 2021:


(in thousands)	Broadband		Tower		Corporate & Eliminations		Consolidated
External revenue
Residential & SMB	$	86,919	$	—	$	—	$	86,919
Commercial Fiber	12,916		—		—		12,916
RLEC & Other	7,236		—		—		7,236
Tower lease	—		4,169		—		4,169
Service revenue and other	107,071		4,169		—		111,240
Intercompany revenue and other	4,310		5,110		(269)		9,151
Total revenue	111,381		9,279		(269)		120,391
Operating expenses
Cost of services	45,717		2,566		(211)		48,072
Selling, general and administrative	23,531		572		16,370		40,473
Restructuring expense	132		—		529		661
Impairment expense	99		—		—		99
Depreciation and amortization	23,437		930		2,099		26,466
Total operating expenses	92,916		4,068		18,787		115,771
Operating income (loss)	$	18,465	$	5,211	$	(19,056)	$	4,620

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

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


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2022		2021		2022		2021
Total consolidated operating income (loss)	$	(3,137)	$	2,390	$	(3,517)	$	4,620
Other (expense) income, net	(589)		1,338		(759)		2,938
Income (loss) from continuing operations before income taxes	$	(3,726)	$	3,728	$	(4,276)	$	7,558

Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Income from discontinued operations, net of tax, in the unaudited condensed consolidated statements of comprehensive income (loss) consist of the following:


(in thousands)	Three Months Ended June 30, 2021		Six Months Ended June 30, 2021
Revenue:
Service revenue and other	$	100,402	$	201,076
Equipment revenue	5,854		12,253
Total revenue	106,256		213,329
Operating expenses:
Cost of services	18,717		38,144
Cost of goods sold	5,743		11,964
Selling, general and administrative	6,812		17,514
Severance expense	254		465
Total operating expenses	31,526		68,087
Operating income	74,730		145,242
Interest expense and other, net	(4,317)		(8,701)
Income before income taxes	70,413		136,541
Income tax expense	18,847		36,503
Income from discontinued operations, net of tax	$	51,566	$	100,038

- 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 50
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-URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 45
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-URI https://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 205
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 205
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-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760

+ Details

Basis of Presentation and Other Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Unaudited Condensed Consolidated Statement of Comprehensive Income:
Cost of services	$ 26,756	$ 24,648	$ 53,095	$ 48,072
Income (loss) from continuing operations before income taxes	(3,726)	3,728	(4,276)	7,558
Income tax (benefit) expense	(501)	2,103	(448)	2,988
(Loss) income from continuing operations	(3,225)	1,625	(3,828)	4,570
Net income (loss)	(3,225)	53,191	(3,828)	104,608
Comprehensive income (loss)	$ (3,225)	$ 53,504	$ (3,828)	$ 105,694
Net income per share, basic and diluted:
Basic - Income (loss) from continuing operations (in dollars per share)	$ (0.06)	$ 0.03	$ (0.08)	$ 0.09
Basic net income per share (in dollars per share)	(0.06)	1.06	(0.08)	2.09
Diluted - Income (loss) from continuing operations (in dollars per share)	(0.06)	0.03	(0.08)	0.09
Diluted income per share (in dollars per share)	$ (0.06)	$ 1.06	$ (0.08)	$ 2.09
Pre-Adjustment
Unaudited Condensed Consolidated Statement of Comprehensive Income:
Cost of services		$ 24,335		$ 47,618
Income (loss) from continuing operations before income taxes		4,041		8,012
Income tax (benefit) expense		2,185		3,107
(Loss) income from continuing operations		1,856		4,905
Net income (loss)		53,422		104,943
Comprehensive income (loss)		$ 53,735		$ 106,029
Net income per share, basic and diluted:
Basic - Income (loss) from continuing operations (in dollars per share)		$ 0.04		$ 0.10
Basic net income per share (in dollars per share)		1.07		2.10
Diluted - Income (loss) from continuing operations (in dollars per share)		0.04		0.10
Diluted income per share (in dollars per share)		$ 1.07		$ 2.10
Error Correction
Unaudited Condensed Consolidated Statement of Comprehensive Income:
Cost of services		$ 313		$ 454
Income (loss) from continuing operations before income taxes		(313)		(454)
Income tax (benefit) expense		(82)		(119)
(Loss) income from continuing operations		(231)		(335)
Net income (loss)		(231)		(335)
Comprehensive income (loss)		$ (231)		$ (335)
Net income per share, basic and diluted:
Basic - Income (loss) from continuing operations (in dollars per share)		$ (0.01)		$ (0.01)
Basic net income per share (in dollars per share)		(0.01)		(0.01)
Diluted - Income (loss) from continuing operations (in dollars per share)		(0.01)		(0.01)
Diluted income per share (in dollars per share)		$ (0.01)		$ (0.01)

Revenue from Contracts with Customers - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Weighted average customer life	6 years
Remaining performance obligations	$ 3.8
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	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Capitalized Contract Cost [Roll Forward]
Beginning Balance	$ 8,303	$ 7,763	$ 8,147	$ 7,358
Contract payments	1,309	711	1,647	1,825
Contract amortization	(1,185)	(950)	(1,367)	(1,659)
Ending Balance	$ 8,427	$ 7,524	$ 8,427	$ 7,524

Investments - Other Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Investments [Abstract]
SERP investments at fair value	$ 1,812	$ 2,317
Cost method investments	10,772	11,004
Equity method investments	313	340
Total investments	$ 12,897	$ 13,661

Investments - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
Investments - Narrative (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
SERP investments	$ 801,000		$ 801,000		$ 801,000
SERP investments at fair value	1,812,000		1,812,000		2,317,000
CoBank
Schedule of Equity Method Investments [Line Items]
SERP investments at fair value	10,000,000		10,000,000		$ 10,300,000
Other nonoperating income (expense)	$ 100,000	$ 1,000,000	$ 200,000	$ 2,000,000
Percentage of patronage credit paid in cash	75.00%		75.00%
Percentage of patronage credit paid in share	25.00%		25.00%
Valley Network Partnership
Schedule of Equity Method Investments [Line Items]
Ownership interest, percentage	20.00%		20.00%		20.00%
Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Revenue from related parties	$ 200,000		$ 400,000
Related party costs	$ 26,200	$ 600,000	$ 54,400	$ 1,100,000

Property, Plant and Equipment - Table (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Property, plant and equipment [Abstract]
Total property, plant and equipment	$ 1,109,408	$ 1,028,233
Less: accumulated depreciation and amortization	499,623	474,071
Property, plant and equipment, net	609,785	554,162
Land
Property, plant and equipment [Abstract]
Total property, plant and equipment	$ 3,771	3,771
Land improvements
Property, plant and equipment [Abstract]
Estimated Useful Lives	10 years
Total property, plant and equipment	$ 3,483	3,478
Buildings and structures
Property, plant and equipment [Abstract]
Total property, plant and equipment	$ 96,287	96,323
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	$ 528,352	453,405
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	$ 361,290	391,293
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	$ 993,183	948,270
Plant under construction
Property, plant and equipment [Abstract]
Total property, plant and equipment	$ 116,225	$ 79,963

Property, Plant and Equipment - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) cell_site	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Property, Plant and Equipment [Abstract]
Depreciation and amortization \| $	$ 14.6	$ 13.1	$ 28.7	$ 26.1
Number of wireless sites closed \| cell_site	20
Number of wireless sites \| cell_site	55
Impairment of long-lived assets to be disposed of \| $	$ 4.1

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Non-amortizing intangibles	$ 64,475	$ 64,475
Gross carrying amount	28,888	28,888
Accumulated amortization and other	(26,995)	(26,754)
Total	1,893	2,134
Total intangible assets, gross carrying amount	96,607	96,607
Intangible assets, net	69,612	69,853
Goodwill - Broadband
Finite-Lived Intangible Assets [Line Items]
Goodwill, gross	3,244	3,244
Goodwill	3,244	3,244
Subscriber relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	28,425	28,425
Accumulated amortization and other	(26,679)	(26,451)
Total	1,746	1,974
Other intangibles
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	463	463
Accumulated amortization and other	(316)	(303)
Total	147	160
Cable franchise rights
Finite-Lived Intangible Assets [Line Items]
Non-amortizing intangibles	64,334	64,334
Railroad crossing rights
Finite-Lived Intangible Assets [Line Items]
Non-amortizing intangibles	$ 141	$ 141

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 0.2	$ 0.2	$ 0.4	$ 0.4
Beam Fixed Wireless Network \| Discontinued Operations, Held-for-sale
Finite-Lived Intangible Assets [Line Items]
Discontinued operation, indefinite-lived intangible assets	13.8		13.8
Discontinued operation, finite-lived intangible assets	6.0		6.0
Discontinued operation, finite-lived intangible assets, liabilities incurred	$ 3.8		$ 3.8

Other Assets and Accrued Liabilities - Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Deposit for FCC spectrum licenses	$ 16,118	$ 16,118
Prepaid maintenance and software expenses	8,053	8,391
Broadband contract acquisition costs	2,628	2,502
SERP investments	801	801
Other	2,012	2,018
Prepaid expenses and other	$ 29,612	$ 29,830

Other Assets and Accrued Liabilities - Long-Term Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Broadband contract acquisition costs	$ 5,799	$ 5,645
Prepaid maintenance and software expenses	7,640	4,653
Deferred charges and other assets	$ 13,439	$ 10,298

Other Assets and Accrued Liabilities - Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Accrued programming costs	$ 3,590	$ 3,084
Sales and property taxes payable	1,329	1,065
Restructuring accrual	467	1,761
Other current liabilities	9,548	8,701
Accrued liabilities and other	$ 14,934	$ 14,611

Other Assets and Accrued Liabilities - Long Term Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Noncurrent portion of deferred lease revenue	$ 20,127	$ 19,749
Noncurrent portion of financing leases	1,515	1,614
Other	414	461
Other liabilities	$ 22,056	$ 21,824

Other Assets and Accrued Liabilities - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended		12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2020	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Business Acquisition [Line Items]
Restructuring expense		$ 454	$ 43		$ 390	$ 661
Workforce Reduction Program
Business Acquisition [Line Items]
Payments for restructuring		$ 500	600		1,300
Workforce Reduction Program \| Continuing Operations
Business Acquisition [Line Items]
Restructuring expense			40			700
Workforce Reduction Program \| Discontinued Operations
Business Acquisition [Line Items]
Restructuring expense			$ 300			$ 500
FCC Spectrum Licenses
Business Acquisition [Line Items]
Indefinite-lived intangible assets acquired				$ 16,100	$ 16,100		$ 16,100
FCC Spectrum Licenses \| Forecast
Business Acquisition [Line Items]
Indefinite-lived intangible assets acquired	$ 12,100
Assets refund	$ 4,000

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating lease, weighted average remaining lease term	20 years		20 years
Operating lease, weighted average discount rate, percent	4.40%		4.40%
Finance lease, weighted average remaining lease term	14 years		14 years
Finance lease, weighted average discount rate, percent	5.20%		5.20%
Operating lease, cost	$ 3.0	$ 2.0	$ 5.7	$ 3.4
Finance lease, cost	0.1	0.1	0.3	0.3
Operating lease, payments	1.5	1.3	3.1	2.8
Right-of-use asset obtained in exchange for operating lease liability	0.5	2.4	2.1	5.1
Sublease income	$ 4.4	$ 2.3	$ 9.8	$ 4.7

Leases - Maturity of Lease Liability - Lessee (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Operating Leases
2022	$ 2,522
2023	5,236
2024	4,899
2025	4,688
2026	4,133
2027 and thereafter	68,458
Total lease payments	89,936
Less: Interest	35,054
Present value of lease liabilities	54,882
Finance Leases
2022	54
2023	176
2024	178
2025	180
2026	153
2027 and thereafter	1,514
Total lease payments	2,255
Less: Interest	645
Present value of lease liabilities	1,610
Total
2022	2,576
2023	5,412
2024	5,077
2025	4,868
2026	4,286
2027 and thereafter	69,972
Total lease payments	92,191
Less: Interest	35,699
Present value of lease liabilities	$ 56,492

Leases - Maturity of Lease Liability - Lessor (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Leases [Abstract]
2022	$ 7,725
2023	14,276
2024	13,255
2025	12,351
2026	9,338
2027 and thereafter	30,069
Total	$ 87,014

Income Taxes - Reconciliation of Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Expected tax (benefit) expense at federal statutory	$ (783)	$ 783	$ (898)	$ 1,587
State income tax (benefit) expense, net of federal tax effect	(181)	154	(213)	469
Revaluation of deferred tax liabilities	0	1,046	0	1,046
Excess tax deficiency (benefit) from share-based compensation and other expense, net	463	120	663	(114)
Income tax (benefit) expense	$ (501)	$ 2,103	$ (448)	$ 2,988

- Definition

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

+ References + Details

Income Taxes - Narrative (Details) - USD ($)	6 Months Ended
Income Taxes - Narrative (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Proceeds from income tax refunds	$ 0	$ 21,000,000

Stock Compensation and (Loss) Earnings per Share - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 2,400	$ 200	$ 5,528	$ 834
Anti-dilutive awards outstanding (fewer than)(in shares)	212,000	200,000	155,000	200,000
Employees \| Relative Total Shareholder Return Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			100,000
Granted (in dollars per share)			$ 23.83
Employees And Directors \| Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			283,000
Employees And Directors \| Restricted Stock Units (RSUs) \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in dollars per share)			$ 21.57
Employees And Directors \| Restricted Stock Units (RSUs) \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in dollars per share)			$ 25.07

Stock Compensation and (Loss) Earnings per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-Based Payment Arrangement [Abstract]
(Loss) income from continuing operations	$ (3,225)	$ 1,625	$ (3,828)	$ 4,570
Total income from discontinued operations, net of tax	0	51,566	0	100,038
Net (loss) income	$ (3,225)	$ 53,191	$ (3,828)	$ 104,608
Basic weighted average shares outstanding (in shares)	50,157	49,945	50,133	49,945
Basic net income per share - continuing operations (in dollars per share)	$ (0.06)	$ 0.03	$ (0.08)	$ 0.09
Basic net income per share - discontinued operations (in dollars per share)	0	1.03	0	2.00
Basic net income (loss) per share (in dollars per share)	$ (0.06)	$ 1.06	$ (0.08)	$ 2.09
Effect from dilutive shares and options outstanding (in shares)	0	130	0	122
Diluted weighted average shares outstanding (in shares)	50,157	50,075	50,133	50,067
Diluted net income per share - continuing operations (in dollars per share)	$ (0.06)	$ 0.03	$ (0.08)	$ 0.09
Diluted net income per share - discontinued operations (in dollars per share)	0	1.03	0	2.00
Diluted net income (loss) per share (in dollars per share)	$ (0.06)	$ 1.06	$ (0.08)	$ 2.09

Government Grants (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	6 Months Ended
Government Grants (Details) - USD ($) $ in Millions	Jul. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Subsequent Event [Line Items]
Increase (decrease) in grants receivable		$ 57.8
Grants receivable, performance condition period			5 years
Subsequent Event
Subsequent Event [Line Items]
Increase (decrease) in grants receivable	$ 10.2

Segment Reporting - Selected Financial Data for Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
External revenue
Service revenue and other	$ 66,021	$ 60,700	$ 130,435	$ 120,391
Operating expenses
Cost of services exclusive of depreciation and amortization	26,756	24,648	53,095	48,072
Selling, general and administrative	23,090	20,320	46,925	40,473
Restructuring expense	454	43	390	661
Impairment expense	4,068	0	4,407	99
Depreciation and amortization	14,790	13,299	29,135	26,466
Operating income (loss)	(3,137)	2,390	(3,517)	4,620
Operating Segments
Operating expenses
Selling, general and administrative	23,090	20,320	46,925	40,473
Restructuring expense	454	43	390	661
Impairment expense	4,068		4,407	99
Depreciation and amortization	14,790	13,299	29,135	26,466
Total operating expenses	69,158	58,310	133,952	115,771
Operating income (loss)	(3,137)	2,390	(3,517)	4,620
Operating Segments \| Broadband
External revenue
Service revenue and other	61,412	56,227	121,126	111,381
Operating expenses
Selling, general and administrative	13,958	12,806	27,430	23,531
Restructuring expense	443	27	460	132
Impairment expense	4,068		4,407	99
Depreciation and amortization	13,396	11,775	25,933	23,437
Total operating expenses	57,305	48,048	108,838	92,916
Operating income (loss)	4,107	8,179	12,288	18,465
Operating Segments \| Tower
External revenue
Service revenue and other	4,702	4,614	9,549	9,279
Operating expenses
Selling, general and administrative	406	338	724	572
Restructuring expense	0	0	0	0
Impairment expense	0		0	0
Depreciation and amortization	633	449	1,117	930
Total operating expenses	2,417	2,105	4,511	4,068
Operating income (loss)	2,285	2,509	5,038	5,211
Intersegment Eliminations
External revenue
Service revenue and other	43	4,556	47	9,151
Intersegment Eliminations \| Broadband
External revenue
Service revenue and other	49	2,102	99	4,310
Intersegment Eliminations \| Tower
External revenue
Service revenue and other	87	2,595	188	5,110
Intersegment Eliminations \| Corporate & Eliminations
External revenue
Service revenue and other	(93)	(141)	(240)	(269)
Corporate, Non-Segment
Operating expenses
Selling, general and administrative	8,726	7,176	18,771	16,370
Restructuring expense	11	16	(70)	529
Impairment expense	0		0	0
Depreciation and amortization	761	1,075	2,085	2,099
Total operating expenses	9,436	8,157	20,603	18,787
Operating income (loss)	(9,529)	(8,298)	(20,843)	(19,056)
Residential & SMB \| Operating Segments
External revenue
Service revenue and other	47,899	43,989	94,812	86,919
Residential & SMB \| Operating Segments \| Broadband
External revenue
Service revenue and other	47,899	43,989	94,812	86,919
Residential & SMB \| Operating Segments \| Tower
External revenue
Service revenue and other	0	0	0	0
Commercial Fiber \| Operating Segments
External revenue
Service revenue and other	9,340	6,531	18,402	12,916
Commercial Fiber \| Operating Segments \| Broadband
External revenue
Service revenue and other	9,340	6,531	18,402	12,916
Commercial Fiber \| Operating Segments \| Tower
External revenue
Service revenue and other	0	0	0	0
RLEC & Other \| Operating Segments
External revenue
Service revenue and other	4,124	3,605	7,813	7,236
RLEC & Other \| Operating Segments \| Broadband
External revenue
Service revenue and other	4,124	3,605	7,813	7,236
RLEC & Other \| Operating Segments \| Tower
External revenue
Service revenue and other	0	0	0	0
Tower lease \| Operating Segments
External revenue
Service revenue and other	4,615	2,019	9,361	4,169
Tower lease \| Operating Segments \| Broadband
External revenue
Service revenue and other	0	0	0	0
Tower lease \| Operating Segments \| Tower
External revenue
Service revenue and other	4,615	2,019	9,361	4,169
Service revenue and other \| Operating Segments
External revenue
Service revenue and other	65,978	56,144	130,388	111,240
Service revenue and other \| Operating Segments \| Broadband
External revenue
Service revenue and other	61,363	54,125	121,027	107,071
Service revenue and other \| Operating Segments \| Tower
External revenue
Service revenue and other	4,615	2,019	9,361	4,169
Cost of services \| Operating Segments
Operating expenses
Cost of services exclusive of depreciation and amortization	26,756	24,648	53,095	48,072
Cost of services \| Operating Segments \| Broadband
Operating expenses
Cost of services exclusive of depreciation and amortization	25,440	23,440	50,608	45,717
Cost of services \| Operating Segments \| Tower
Operating expenses
Cost of services exclusive of depreciation and amortization	1,378	1,318	2,670	2,566
Cost of services \| Corporate, Non-Segment
Operating expenses
Cost of services exclusive of depreciation and amortization	$ (62)	$ (110)	$ (183)	$ (211)

Segment Reporting - Reconciliation of Operating Profit (Loss) from Segments to Consolidated (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Reconciliation of income from continuing operations from segments to consolidated [Abstract]
Operating income (loss)	$ (3,137)	$ 2,390	$ (3,517)	$ 4,620
Other (expense) income, net	(589)	1,338	(759)	2,938
Income (loss) from continuing operations before income taxes	$ (3,726)	$ 3,728	$ (4,276)	$ 7,558

- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126941158&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126953954&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 https://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 https://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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

Discontinued Operations - Narrative (Details) $ in Millions	Jul. 01, 2021 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Waived management fees	$ 60
Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale proceeds	$ 1,940

Discontinued Operations - Income (Loss) From Discontinued Operations (Details) - Discontinued Operations, Held-for-sale - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Revenue:
Revenue	$ 106,256	$ 213,329
Operating expenses:
Selling, general and administrative	6,812	17,514
Severance expense	254	465
Total operating expenses	31,526	68,087
Operating income	74,730	145,242
Interest expense and other, net	(4,317)	(8,701)
Income before income taxes	70,413	136,541
Income tax expense	18,847	36,503
Income from discontinued operations, net of tax	51,566	100,038
Service revenue and other
Revenue:
Revenue	100,402	201,076
Equipment revenue
Revenue:
Revenue	5,854	12,253
Cost of services
Operating expenses:
Cost of services and cost of goods sold	18,717	38,144
Cost of goods sold
Operating expenses:
Cost of services and cost of goods sold	$ 5,743	$ 11,964

Subsequent Events (Details) - USD ($) $ in Millions	Jul. 01, 2022	Jul. 01, 2021
Term loan A-1
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 150.0
Term of credit facility		5 years
Term loan A-2
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 150.0
Term of credit facility		7 years
Subsequent Event
Subsequent Event [Line Items]
Proceeds from secured debt	$ 25.0
Subsequent Event \| Term loan A-1
Subsequent Event [Line Items]
Proceeds from secured debt	12.5
Subsequent Event \| Term loan A-2
Subsequent Event [Line Items]
Proceeds from secured debt	$ 12.5