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v3.20.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Selected Financial Data for Segments | Three Months Ended June 30, 2020:
(in thousands) | Wireless |  | Broadband |  | Tower |  | Corporate & Eliminations |  | Consolidated
External revenue |  |  |  |  |  |  |  |  |
Postpaid | $ | 73,269 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 73,269 |
Prepaid | 12,432 |  |  | — |  |  | — |  |  | — |  |  | 12,432 |
Tower lease | — |  |  | — |  |  | 1,829 |  |  | — |  |  | 1,829 |
Cable, residential and SMB (1) | — |  |  | 35,829 |  |  | — |  |  | — |  |  | 35,829 |
Fiber, enterprise and wholesale | — |  |  | 5,663 |  |  | — |  |  | — |  |  | 5,663 |
Rural local exchange carrier | — |  |  | 4,602 |  |  | — |  |  | — |  |  | 4,602 |
Travel, installation, and other | 24,438 |  |  | 1,658 |  |  | — |  |  | — |  |  | 26,096 |
Service revenue and other | 110,139 |  |  | 47,752 |  |  | 1,829 |  |  | — |  |  | 159,720 |
Equipment | 9,610 |  |  | 196 |  |  | — |  |  | — |  |  | 9,806 |
Total external revenue | 119,749 |  |  | 47,948 |  |  | 1,829 |  |  | — |  |  | 169,526 |
Revenue from other segments | — |  |  | 2,185 |  |  | 2,430 |  |  | (4,615 | ) |  | — |
Total revenue | 119,749 |  |  | 50,133 |  |  | 4,259 |  |  | (4,615 | ) |  | 169,526 |
Operating expenses |  |  |  |  |  |  |  |  |
Cost of services | 33,237 |  |  | 20,640 |  |  | 1,315 |  |  | (4,552 | ) |  | 50,640 |
Cost of goods sold | 9,437 |  |  | 221 |  |  | — |  |  | — |  |  | 9,658 |
Selling, general and administrative | 9,783 |  |  | 9,260 |  |  | 238 |  |  | 12,113 |  |  | 31,394 |
Depreciation and amortization | 23,420 |  |  | 11,245 |  |  | 477 |  |  | (310 | ) |  | 34,832 |
Total operating expenses | 75,877 |  |  | 41,366 |  |  | 2,030 |  |  | 7,251 |  |  | 126,524 |
Operating income (loss) | $ | 43,872 |  |  | $ | 8,767 |  |  | $ | 2,229 |  |  | $ | (11,866 | ) |  | $ | 43,002 |
_______________________________________________________
(1) | SMB refers to Small and Medium Businesses.
Three Months Ended June 30, 2019:
(in thousands) | Wireless |  | Broadband |  | Tower |  | Corporate & Eliminations |  | Consolidated
External revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |
Postpaid | $ | 75,997 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 75,997 |
Prepaid | 13,603 |  |  | — |  |  | — |  |  | — |  |  | 13,603 |
Tower lease | — |  |  | — |  |  | 1,751 |  |  | — |  |  | 1,751 |
Cable, residential and SMB | — |  |  | 33,581 |  |  | — |  |  | — |  |  | 33,581 |
Fiber, enterprise and wholesale | — |  |  | 4,921 |  |  | — |  |  | — |  |  | 4,921 |
Rural local exchange carrier | — |  |  | 5,581 |  |  | — |  |  | — |  |  | 5,581 |
Travel, installation, and other | 4,971 |  |  | 1,654 |  |  | — |  |  | — |  |  | 6,625 |
Service revenue and other | 94,571 |  |  | 45,737 |  |  | 1,751 |  |  | — |  |  | 142,059 |
Equipment | 16,548 |  |  | 307 |  |  | — |  |  | — |  |  | 16,855 |
Total external revenue | 111,119 |  |  | 46,044 |  |  | 1,751 |  |  | — |  |  | 158,914 |
Revenue from other segments | — |  |  | 2,507 |  |  | 1,270 |  |  | (3,777 | ) |  | — |
Total revenue | 111,119 |  |  | 48,551 |  |  | 3,021 |  |  | (3,777 | ) |  | 158,914 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of services | 32,668 |  |  | 19,014 |  |  | 895 |  |  | (3,080 | ) |  | 49,497 |
Cost of goods sold | 15,742 |  |  | 131 |  |  | — |  |  | 1 |  |  | 15,874 |
Selling, general and administrative | 10,318 |  |  | 7,524 |  |  | 274 |  |  | 9,054 |  |  | 27,170 |
Depreciation and amortization | 31,463 |  |  | 10,002 |  |  | 756 |  |  | 132 |  |  | 42,353 |
Total operating expenses | 90,191 |  |  | 36,671 |  |  | 1,925 |  |  | 6,107 |  |  | 134,894 |
Operating income (loss) | $ | 20,928 |  |  | $ | 11,880 |  |  | $ | 1,096 |  |  | $ | (9,884 | ) |  | $ | 24,020 |
Six Months Ended June 30, 2020:
(in thousands) | Wireless |  | Broadband |  | Tower |  | Corporate & Eliminations |  | Consolidated
External revenue |  |  |  |  |  |  |  |  |
Postpaid | $ | 148,197 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 148,197 |
Prepaid | 25,541 |  |  | — |  |  | — |  |  | — |  |  | 25,541 |
Tower lease | — |  |  | — |  |  | 3,626 |  |  | — |  |  | 3,626 |
Cable, residential and SMB | — |  |  | 70,772 |  |  | — |  |  | — |  |  | 70,772 |
Fiber, enterprise and wholesale | — |  |  | 11,151 |  |  | — |  |  | — |  |  | 11,151 |
Rural local exchange carrier | — |  |  | 9,358 |  |  | — |  |  | — |  |  | 9,358 |
Travel, installation, and other | 27,789 |  |  | 3,474 |  |  | — |  |  | — |  |  | 31,263 |
Service revenue and other | 201,527 |  |  | 94,755 |  |  | 3,626 |  |  | — |  |  | 299,908 |
Equipment | 22,360 |  |  | 446 |  |  | — |  |  | — |  |  | 22,806 |
Total external revenue | 223,887 |  |  | 95,201 |  |  | 3,626 |  |  | — |  |  | 322,714 |
Revenue from other segments | — |  |  | 4,718 |  |  | 4,363 |  |  | (9,081 | ) |  | — |
Total revenue | 223,887 |  |  | 99,919 |  |  | 7,989 |  |  | (9,081 | ) |  | 322,714 |
Operating expenses |  |  |  |  |  |  |  |  |
Cost of services | 66,676 |  |  | 39,883 |  |  | 2,254 |  |  | (8,608 | ) |  | 100,205 |
Cost of goods sold | 21,965 |  |  | 364 |  |  | — |  |  | — |  |  | 22,329 |
Selling, general and administrative | 19,211 |  |  | 18,759 |  |  | 764 |  |  | 23,651 |  |  | 62,385 |
Depreciation and amortization | 48,719 |  |  | 22,116 |  |  | 947 |  |  | (39 | ) |  | 71,743 |
Total operating expenses | 156,571 |  |  | 81,122 |  |  | 3,965 |  |  | 15,004 |  |  | 256,662 |
Operating income (loss) | $ | 67,316 |  |  | $ | 18,797 |  |  | $ | 4,024 |  |  | $ | (24,085 | ) |  | $ | 66,052 |
Six Months Ended June 30, 2019:
(in thousands) | Wireless |  | Broadband |  | Tower |  | Corporate & Eliminations |  | Consolidated
External revenue |  |  |  |  |  |  |  |  |
Postpaid | $ | 152,179 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 152,179 |
Prepaid | 26,733 |  |  | — |  |  | — |  |  | — |  |  | 26,733 |
Tower lease | — |  |  | — |  |  | 3,514 |  |  | — |  |  | 3,514 |
Cable, residential and SMB | — |  |  | 66,007 |  |  | — |  |  | — |  |  | 66,007 |
Fiber, enterprise and wholesale | — |  |  | 9,749 |  |  | — |  |  | — |  |  | 9,749 |
Rural local exchange carrier | — |  |  | 10,819 |  |  | — |  |  | — |  |  | 10,819 |
Travel, installation, and other | 12,989 |  |  | 3,300 |  |  | — |  |  | — |  |  | 16,289 |
Service revenue and other | 191,901 |  |  | 89,875 |  |  | 3,514 |  |  | — |  |  | 285,290 |
Equipment | 31,839 |  |  | 628 |  |  | — |  |  | — |  |  | 32,467 |
Total external revenue | 223,740 |  |  | 90,503 |  |  | 3,514 |  |  | — |  |  | 317,757 |
Revenue from other segments | — |  |  | 4,929 |  |  | 2,540 |  |  | (7,469 | ) |  | — |
Total revenue | 223,740 |  |  | 95,432 |  |  | 6,054 |  |  | (7,469 | ) |  | 317,757 |
Operating expenses |  |  |  |  |  |  |  |  |
Cost of services | 65,200 |  |  | 38,075 |  |  | 1,841 |  |  | (6,101 | ) |  | 99,015 |
Cost of goods sold | 30,169 |  |  | 342 |  |  | — |  |  | — |  |  | 30,511 |
Selling, general and administrative | 21,397 |  |  | 15,093 |  |  | 557 |  |  | 18,845 |  |  | 55,892 |
Depreciation and amortization | 61,833 |  |  | 19,993 |  |  | 1,436 |  |  | 270 |  |  | 83,532 |
Total operating expenses | 178,599 |  |  | 73,503 |  |  | 3,834 |  |  | 13,014 |  |  | 268,950 |
Operating income (loss) | $ | 45,141 |  |  | $ | 21,929 |  |  | $ | 2,220 |  |  | $ | (20,483 | ) |  | $ | 48,807 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | A reconciliation of the total of the reportable segments’ operating income to consolidated income before taxes is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Total consolidated operating income | $ | 43,002 |  |  | $ | 24,020 |  |  | $ | 66,052 |  |  | $ | 48,807 |
Interest expense | (5,044 | ) |  | (7,522 | ) |  | (11,255 | ) |  | (15,476 | )
Other | 1,573 |  |  | 1,176 |  |  | 2,306 |  |  | 2,463 |
Income before income taxes | $ | 39,531 |  |  | $ | 17,674 |  |  | $ | 57,103 |  |  | $ | 35,794 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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