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Note 5 - Equity Investments (Details Textual) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
May 03, 2021
Nov. 12, 2020
Oct. 01, 2020
May 04, 2020
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Jul. 10, 2020
Payments to Acquire Investments, Total             $ (0) $ 37,245    
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain             33,406 (0)    
Equity Method Investments         $ 656,775   656,775   $ 657,305  
Derivative Liability, Noncurrent         89,970   89,970   155,357  
Income (Loss) from Equity Method Investments, Total         1,111 $ 0 (531) 0    
Equity Method Investment, Other than Temporary Impairment         0 $ 0 0 $ 0    
MBI [Member]                    
Finite-lived Intangible Assets, Basis Difference Between Fair Value and Carrying Value         186,600   186,600      
MBI Net Option [Member] | Other Noncurrent Liabilities [Member]                    
Derivative Liability, Noncurrent [1]         $ 114,700   $ 114,700   $ 73,310  
Hargray [Member]                    
Ownership Percentage                 15.00%  
MBI [Member]                    
Equity Method Investment, Ownership Percentage [2]         45.00%   45.00%      
Equity Method Investments   $ 630,700     $ 626,926 [2]   $ 626,926 [2]   $ 630,679 [2]  
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity, Total         516,800   516,800   529,700  
Finite-lived Intangible Assets, Basis Difference Between Fair Value and Carrying Value         84,000   84,000      
Income (Loss) from Equity Method Investments, Total         3,800   6,800      
Amortization, Total         $ 4,000   $ 10,600      
MBI [Member] | Call Option [Member]                    
Derivative Assets, Noncurrent, Total   19,700                
MBI [Member] | Put Option [Member]                    
Derivative Liability, Noncurrent   $ 75,500                
Hargray [Member]                    
Business Acquisition, Percentage of Voting Interests Acquired 85.00%                  
Payments to Acquire Businesses, Gross $ 2,000,000                  
Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination, Total 2,200,000                  
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain $ 33,400                  
Disposition of the Anniston Exchange [Member]                    
Gain (Loss) on Disposition of Business     $ 82,600              
Wisper ISP, LLC [Member]                    
Equity Method Investment, Ownership Percentage                   40.40%
Equity Method Investment, Aggregate Cost                   $ 25,300
Payments to Acquire Equity Method Investments                 $ 11,900  
Mega Broadband Investments Holdings [Member]                    
Equity Method Investment, Ownership Percentage   45.00%                
Payments to Acquire Equity Method Investments   $ 574,900                
AMG Technology [Member]                    
Payments to Acquire Investments, Total       $ 27,200            
AMG Technology [Member] | Maximum [Member]                    
Ownership Percentage       10.00%            
Hargray [Member]                    
Ownership Percentage     15.00%   15.00% [3],[4]   15.00% [3],[4]      
[1] Consists of the net value of the Company’s call and put options associated with the remaining equity interests in MBI (as defined in note 5), valued at -$16.0 million and $98.7 million, respectively, as of September 30, 2021 and $0.7 million and $74.0 million, respectively, as of December 31,2020. Refer to notes 5 and 10 for further information on the MBI Net Option (as defined in note 5).
[2] The Company holds a call option to purchase all but not less than all of the remaining equity interests in MBI that the Company does not already own between January 1, 2023 and June 30, 2024. If the call option is not exercised, certain investors in MBI hold a put option to sell (and to cause all members of MBI other than the Company to sell) to the Company all but not less than all of the remaining equity interests in MBI that the Company does not already own between July 1, 2025 and September 30, 2025. The call and put options (collectively referred to as the “MBI Net Option”) are measured at fair value using Monte Carlo simulations that rely on assumptions around MBI’s equity value, MBI’s and the Company’s equity volatility, MBI’s and the Company’s EBITDA volatility, risk adjusted discount rates and the Company’s cost of debt, among others. The final MBI purchase price allocation resulted in $630.7 million being allocated to the MBI equity investment and $19.7 million and $75.5 million being allocated to the call and put options, respectively. The MBI Net Option is remeasured at fair value on a quarterly basis. The carrying value of the MBI Net Option liability was $114.7 million and $73.3 million as of September 30, 2021 and December 31, 2020, respectively, and was included within other noncurrent liabilities in the condensed consolidated balance sheets. Refer to note 10 for further information on the MBI Net Option.
[3] As a result of the Company’s May 3, 2021 acquisition of the remaining equity interests in Hargray that it did not already own, Hargray’s assets and liabilities were separately reflected within the Company’s consolidated balance sheet as of the acquisition date and the existing cost method investment was eliminated, resulting in a $33.4 million non-cash gain recognized within other income in the condensed consolidated statement of operations and comprehensive income on the acquisition date.
[4] Upon initial investment, the Company calculated the fair value of Hargray's total enterprise value using a hybrid of both the discounted cash flow method of the income approach and the guideline public company method of the market approach. Significant assumptions used in the valuation include projected revenue growth rates, customer attrition rates, future EBITDA margins, future capital expenditures and an appropriate discount rate. The enterprise value less Hargray's debt and unamortized debt issuance costs was multiplied by Cable One's minority equity interest percentage to determine the Hargray investment's carrying value. The resulting non-cash gain was calculated as the difference between this carrying value and the book value of the Anniston System's net assets, including its proportionate share of the Company's franchise agreement and goodwill assets. The approximately 15% equity interest in Hargray as of December 31, 2020 was on a fully diluted basis.