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OPERATING ASSETS AND LIABILITIES (Tables) | 3 Months Ended
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Mar. 31, 2025
Receivables [Abstract] |
Schedule of Accounts Receivable | Accounts receivable consisted of the following (in thousands):
| March 31, 2025 |  | December 31, 2024
Trade receivables | $ | 37,793 |  |  | $ | 43,352 |
Other receivables(1) | 12,911 |  |  | 17,310 |
Less: Allowance for credit losses | (2,717) |  |  | (2,920) |
Total accounts receivable, net | $ | 47,987 |  |  | $ | 57,742 |
(1)Balances include amounts due from Clearwave Fiber LLC, a joint venture transaction in which the Company contributed certain fiber operations and certain unaffiliated third-party investors contributed cash to a newly formed entity ("Clearwave Fiber"), for services provided under a transition services agreement of $1.9 million and $1.8 million as of March 31, 2025 and December 31, 2024, respectively. The balances also include $4.6 million and $4.7 million of receivables from the federal government under the Secure and Trusted Communications Networks Reimbursement Program as of March 31, 2025 and December 31, 2024, respectively.
Schedule of Allowance for Doubtful Accounts | The changes in the allowance for credit losses were as follows (in thousands):
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Beginning balance | $ | 2,920 |  |  | $ | 4,109 |  |  |  |  |
Additions - charged to costs and expenses | 1,215 |  |  | 2,652 |  |  |  |  |
Deductions - write-offs | (2,677) |  |  | (3,763) |  |  |  |  |
Recoveries collected | 1,259 |  |  | 1,444 |  |  |  |  |
Ending balance | $ | 2,717 |  |  | $ | 4,442 |  |  |  |  |
Schedule of Prepaid and Other Current Assets | Prepaid and other current assets consisted of the following (in thousands):
| March 31, 2025 |  | December 31, 2024
Prepaid repairs and maintenance | $ | 20,415 |  |  | $ | 4,801 |
Software implementation costs | 3,264 |  |  | 2,893 |
Prepaid insurance | 2,084 |  |  | 3,418 |
Prepaid rent | 4,596 |  |  | 2,006 |
Prepaid software | 8,904 |  |  | 8,524 |
Deferred commissions | 6,046 |  |  | 6,072 |
Interest rate swap asset | 15,469 |  |  | 17,659 |
Prepaid income tax payments | 22,055 |  |  | 20,535 |
All other current assets | 2,510 |  |  | 1,954 |
Total prepaid and other current assets | $ | 85,343 |  |  | $ | 67,862 |
Schedule of Other Assets, Noncurrent | Other noncurrent assets consisted of the following (in thousands):
| March 31, 2025 |  | December 31, 2024
Operating lease right-of-use assets | $ | 7,841 |  |  | $ | 8,052 |
Deferred commissions | 11,956 |  |  | 11,685 |
Software implementation costs | 11,700 |  |  | 11,089 |
Debt issuance costs | 3,338 |  |  | 3,754 |
Debt investment | 2,396 |  |  | 2,362 |
Interest rate swap asset | 28,764 |  |  | 46,200 |
New MBI Net Option(1) | 79,450 |  |  | 84,120 |
All other noncurrent assets | 10,885 |  |  | 11,167 |
Total other noncurrent assets | $ | 156,330 |  |  | $ | 178,429 |
(1)Represents the net value of the Company's Call Option and Put Option associated with the remaining equity interests in MBI, consisting of an asset of $85.0 million and a liability of $5.6 million, respectively, as of March 31, 2025 and an asset of $114.2 million and a liability of $30.1 million, respectively, as of December 31, 2024. Refer to notes 5 and 10 for definitions of all capitalized terms and further information on these instruments.
Schedule of Accounts Payable and Accrued Liabilities | Accounts payable and accrued liabilities consisted of the following (in thousands):
| March 31, 2025 |  | December 31, 2024
Accounts payable | $ | 33,803 |  |  | $ | 31,868 |
Accrued programming costs | 17,345 |  |  | 16,473 |
Accrued compensation and related benefits | 22,484 |  |  | 27,757 |
Accrued sales and other operating taxes | 14,970 |  |  | 18,605 |
Accrued franchise fees | 2,223 |  |  | 2,944 |
Deposits | 5,832 |  |  | 6,010 |
Operating lease liabilities | 2,770 |  |  | 2,805 |
Accrued insurance costs | 5,145 |  |  | 5,195 |
Cash overdrafts | 10,073 |  |  | 19,467 |
Interest payable | 10,682 |  |  | 6,046 |
Income taxes payable | 974 |  |  | 1,682 |
All other accrued liabilities | 27,923 |  |  | 28,419 |
Total accounts payable and accrued liabilities | $ | 154,224 |  |  | $ | 167,271 |
Schedule of Other Noncurrent Liabilities | Other noncurrent liabilities consisted of the following (in thousands):
| March 31, 2025 |  | December 31, 2024
Operating lease liabilities | $ | 4,721 |  |  | $ | 4,871 |
Accrued compensation and related benefits | 8,005 |  |  | 8,067 |
Deferred revenue | 12,726 |  |  | 13,820 |
All other noncurrent liabilities | 3,323 |  |  | 3,655 |
Total other noncurrent liabilities | $ | 28,775 |  |  | $ | 30,413 |

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