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DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended
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Jun. 30, 2025
Accounting Policies [Abstract] |
Schedule of Cash and Cash Equivalents | The following table reconciles the amounts below reported in the Condensed Consolidated Balance Sheets to the total of the same such amounts shown in the Condensed Consolidated Statements of Cash Flows:
(in thousands) | June 30, 2025 |  | December 31, 2024
Cash and cash equivalents | $ | 45,195 |  |  | $ | 96,212 |
Restricted cash and restricted cash equivalents(1) | 107,247 |  |  | 107,853 |
Ending balance | $ | 152,442 |  |  | $ | 204,065 |
_______________ (1) Primarily includes the Opportunity Fund in connection with the State Farm Development Agreement (both as defined and discussed in Note 14 “Related Party Transactions”). Use of the funds must be agreed to by State Farm Fire & Casualty Company (“State Farm”) and the Company. The remaining balance relates to the Company’s uncommitted receivables securitization financing agreement (the “2020 Receivables Facility”) (refer to Note 6 “Debt”).
Schedule of Subscriber System Assets |
(in thousands) | June 30, 2025 |  | December 31, 2024
Gross carrying amount | $ | 7,051,746 |  |  | $ | 6,878,490 |
Accumulated depreciation | (4,136,851) |  |  | (3,897,329) |
Subscriber system assets, net | $ | 2,914,895 |  |  | $ | 2,981,161 |
Schedule of Subscriber System Asset and Deferred Subscriber Acquisition Costs of Depreciation and Amortization | Depreciation of subscriber system assets and amortization of deferred subscriber acquisition costs are reflected in depreciation and intangible asset amortization and SG&A, respectively, as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Depreciation of subscriber system assets |  | $ | 138,827 |  |  | $ | 139,306 |  |  | $ | 278,201 |  |  | $ | 277,609 |
Amortization of deferred subscriber acquisition costs |  | $ | 62,149 |  |  | $ | 54,730 |  |  | $ | 122,507 |  |  | $ | 109,335 |
Schedule of Accrued Expenses and Other Current Liabilities |
(in thousands) | June 30, 2025 |  | December 31, 2024
Accrued interest | $ | 100,804 |  |  | $ | 107,116 |
Payroll-related accruals | 87,069 |  |  | 109,078 |
Opportunity Fund (see Note 14 “Related Party Transactions”) | 82,206 |  |  | 84,516 |
Accrued dividends | 45,789 |  |  | 48,918 |
Physically settled forward share repurchase liabilities (see Note 9 “Equity”) | 1,267 |  |  | 104,175 |
Other accrued liabilities | 203,200 |  |  | 181,101 |
Accrued expenses and other current liabilities | $ | 520,335 |  |  | $ | 634,904 |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments and Securities |
| June 30, 2025 |  | December 31, 2024
(in thousands) | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Long-term debt instruments(1) (see Note 6 “Debt”) | $ | 7,759,364 |  |  | $ | 7,830,226 |  |  | $ | 7,637,631 |  |  | $ | 7,589,677 |
________________ (1) Excludes finance leases.
Schedule of Carrying Values and Fair Values of Retail Installment Contract Receivables |
| June 30, 2025 |  | December 31, 2024
(in thousands) | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Retail installment contract receivables, net | $ | 658,308 |  |  | $ | 506,408 |  |  | $ | 669,326 |  |  | $ | 495,259 |

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