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Note 6 - Property, Plant and Equipment

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

6. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following (in thousands):

		*September 30, 2022*				*December 31, 2021*
Cable distribution systems		$	2,391,160			$	2,509,795
Customer premise equipment			334,663				320,937
Other equipment and fixtures			464,562				472,319
Buildings and improvements			136,926				142,754
Capitalized software			96,239				89,662
Construction in progress			212,395				172,706
Land			12,134				12,134
Right-of-use assets			11,310				11,241
Property, plant and equipment, gross			3,659,389				3,731,548
Less: Accumulated depreciation and amortization			(1,999,620	)			(1,877,444	)
Property, plant and equipment, net		$	1,659,769			$	1,854,104

The Company contributed $280.0 million of property, plant and equipment, net, to the Clearwave Fiber joint venture on January 1, 2022 and recognized a $22.1 million non-cash gain on the transaction. The Company divested $6.8 million of property, plant and equipment, net, in the dispositions of our Tallahassee, Florida system and certain other non-core assets during the three months ended June 30, 2022 and recognized an $8.3 million non-cash loss.

The Company classified $1.0 million of property, plant and equipment as held for sale as of September 30, 2022. Such assets are included within other noncurrent assets in the condensed consolidated balance sheet.

Depreciation and amortization expense for property, plant and equipment was $66.4 million and $69.3 million for the three months ended September 30, 2022 and 2021, respectively, and $201.2 million and $193.3 million for the nine months ended September 30, 2022 and 2021, respectively.