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v3.21.2

Note 2 - Acquisitions - Allocation of Purchase Price Consideration (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | May 03, 2021 | Dec. 31, 2020
--- | --- | --- | ---
Goodwill recognized |  | $ 944,871 |  | $ 430,543
Hargray [Member] |  |  |  |
Cash and cash equivalents |  |  | $ 17,652 |
Accounts receivable |  |  | 17,991 |
Prepaid and other current assets |  |  | 8,006 |
Property, plant and equipment |  |  | 457,158 |
Intangible assets |  |  | 1,592,000 |
Other noncurrent assets |  |  | 4,636 |
Total Assets Acquired |  |  | 2,097,443 |
Accounts payable and accrued liabilities |  |  | 36,457 |
Deferred revenue (short-term portion) |  |  | 8,462 |
Current portion of long-term debt (finance leases) |  |  | 1,375 |
Long-term debt (finance leases) |  |  | 2,912 |
Deferred income taxes |  |  | 437,725 |
Other noncurrent liabilities |  |  | 6,974 |
Total Liabilities Assumed |  |  | 493,905 |
Net assets acquired |  |  | 1,603,538 |
Purchase price consideration | [1] |  | 2,117,866 |
Goodwill recognized |  |  | $ 514,328 |
[1] | Consists of approximately $2.0 billion of cash for the additional approximately 85% equity interest in Hargray that the Company did not already own and the $146.6 million May 3, 2021 fair value of the Company’s existing approximately 15% equity investment in Hargray. The Company recognized a $33.4 million non-cash gain within other income in the condensed consolidated statement of operations and comprehensive income upon the acquisition, representing the difference between the existing equity investment’s fair value and $113.2 million carrying value. The fair value of the existing investment was calculated as approximately 15% of the fair value of Hargray's total equity value (determined using the discounted cash flow method of the income approach, less debt), excluding the impact of any synergies or control premium that would be realized by a controlling interest.

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