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v3.23.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Schedule of Selected Financial Data for Segments | Three Months Ended June 30, 2023:
(in thousands) | Broadband |  | Tower |  | Corporate & Eliminations |  | Consolidated
External revenue |  |  |  |  |  |  |
Residential & SMB - Cable Markets | $ | 44,403 |  |  | $ | — |  |  | $ | — |  |  | $ | 44,403 |
Residential & SMB - Glo Fiber Markets | 8,164 |  |  | — |  |  | — |  |  | 8,164 |
Commercial Fiber | 10,253 |  |  | — |  |  | — |  |  | 10,253 |
Tower lease | — |  |  | 4,715 |  |  | — |  |  | 4,715 |
RLEC & Other | 3,806 |  |  | — |  |  | — |  |  | 3,806 |
Service revenue and other | 66,626 |  |  | 4,715 |  |  | — |  |  | 71,341 |
Intercompany revenue and other | 51 |  |  | 38 |  |  | (89) |  |  | — |
Total revenue | 66,677 |  |  | 4,753 |  |  | (89) |  |  | 71,341 |
Operating expenses |  |  |  |  |  |  |
Cost of services | 24,752 |  |  | 1,379 |  |  | (55) |  |  | 26,076 |
Selling, general and administrative | 15,924 |  |  | 349 |  |  | 9,418 |  |  | 25,691 |
Impairment expense | 836 |  |  | — |  |  | — |  |  | 836 |
Depreciation and amortization | 15,490 |  |  | 538 |  |  | 341 |  |  | 16,369 |
Total operating expenses | 57,002 |  |  | 2,266 |  |  | 9,704 |  |  | 68,972 |
Operating income (loss) | $ | 9,675 |  |  | $ | 2,487 |  |  | $ | (9,793) |  |  | $ | 2,369 |
Three Months Ended June 30, 2022:
(in thousands) | Broadband |  | Tower |  | Corporate & Eliminations |  | Consolidated
External revenue |  |  |  |  |  |  |
Residential & SMB - Cable Markets | $ | 43,843 |  |  | $ | — |  |  | $ | — |  |  | $ | 43,843 |
Residential & SMB - Glo Fiber Markets | 4,056 |  |  | — |  |  | — |  |  | 4,056 |
Commercial Fiber | 9,340 |  |  | — |  |  | — |  |  | 9,340 |
Tower lease | — |  |  | 4,615 |  |  | — |  |  | 4,615 |
RLEC & Other | 4,124 |  |  | — |  |  | — |  |  | 4,124 |
Service revenue and other | 61,363 |  |  | 4,615 |  |  | — |  |  | 65,978 |
Intercompany revenue and other | 49 |  |  | 87 |  |  | (93) |  |  | 43 |
Total revenue | 61,412 |  |  | 4,702 |  |  | (93) |  |  | 66,021 |
Operating expenses |  |  |  |  |  |  |
Cost of services | 25,440 |  |  | 1,378 |  |  | (62) |  |  | 26,756 |
Selling, general and administrative | 13,958 |  |  | 406 |  |  | 8,726 |  |  | 23,090 |
Restructuring expense | 443 |  |  | — |  |  | 11 |  |  | 454 |
Impairment expense | 4,068 |  |  | — |  |  | — |  |  | 4,068 |
Depreciation and amortization | 13,396 |  |  | 633 |  |  | 761 |  |  | 14,790 |
Total operating expenses | 57,305 |  |  | 2,417 |  |  | 9,436 |  |  | 69,158 |
Operating income (loss) | $ | 4,107 |  |  | $ | 2,285 |  |  | $ | (9,529) |  |  | $ | (3,137) |
Six Months Ended June 30, 2023:
(in thousands) | Broadband |  | Tower |  | Corporate & Eliminations |  | Consolidated
External revenue |  |  |  |  |  |  |
Residential & SMB - Cable Markets | $ | 89,159 |  |  | $ | — |  |  | $ | — |  |  | $ | 89,159 |
Residential & SMB - Glo Fiber Markets | 15,167 |  |  | — |  |  | — |  |  | 15,167 |
Commercial Fiber | 21,951 |  |  | — |  |  | — |  |  | 21,951 |
Tower lease | — |  |  | 9,253 |  |  | — |  |  | 9,253 |
RLEC & Other | 7,497 |  |  | — |  |  | — |  |  | 7,497 |
Service revenue and other | 133,774 |  |  | 9,253 |  |  | — |  |  | 143,027 |
Intercompany revenue and other | 106 |  |  | 76 |  |  | (182) |  |  | — |
Total revenue | 133,880 |  |  | 9,329 |  |  | (182) |  |  | 143,027 |
Operating expenses |  |  |  |  |  |  |
Cost of services | 50,181 |  |  | 2,571 |  |  | (109) |  |  | 52,643 |
Selling, general and administrative | 31,495 |  |  | 799 |  |  | 20,006 |  |  | 52,300 |
Impairment expense | 1,020 |  |  | — |  |  | — |  |  | 1,020 |
Depreciation and amortization | 30,173 |  |  | 1,051 |  |  | 743 |  |  | 31,967 |
Total operating expenses | 112,869 |  |  | 4,421 |  |  | 20,640 |  |  | 137,930 |
Operating income (loss) | $ | 21,011 |  |  | $ | 4,908 |  |  | $ | (20,822) |  |  | $ | 5,097 |
Six Months Ended June 30, 2022:
(in thousands) | Broadband |  | Tower |  | Corporate & Eliminations |  | Consolidated
External revenue |  |  |  |  |  |  |
Residential & SMB - Cable Markets | $ | 87,336 |  |  | $ | — |  |  | $ | — |  |  | $ | 87,336 |
Residential & SMB - Glo Fiber Markets | 7,476 |  |  | — |  |  | — |  |  | 7,476 |
Commercial Fiber | 18,402 |  |  | — |  |  | — |  |  | 18,402 |
Tower lease | — |  |  | 9,361 |  |  | — |  |  | 9,361 |
RLEC & Other | 7,813 |  |  | — |  |  | — |  |  | 7,813 |
Service revenue and other | 121,027 |  |  | 9,361 |  |  | — |  |  | 130,388 |
Intercompany revenue and other | 99 |  |  | 188 |  |  | (240) |  |  | 47 |
Total revenue | 121,126 |  |  | 9,549 |  |  | (240) |  |  | 130,435 |
Operating expenses |  |  |  |  |  |  |
Cost of services | 50,608 |  |  | 2,670 |  |  | (183) |  |  | 53,095 |
Selling, general and administrative | 27,430 |  |  | 724 |  |  | 18,771 |  |  | 46,925 |
Restructuring expense | 460 |  |  | — |  |  | (70) |  |  | 390 |
Impairment expense | 4,407 |  |  | — |  |  | — |  |  | 4,407 |
Depreciation and amortization | 25,933 |  |  | 1,117 |  |  | 2,085 |  |  | 29,135 |
Total operating expenses | 108,838 |  |  | 4,511 |  |  | 20,603 |  |  | 133,952 |
Operating income (loss) | $ | 12,288 |  |  | $ | 5,038 |  |  | $ | (20,843) |  |  | $ | (3,517) |
Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated | A reconciliation of the total of the reportable segments’ operating income (loss) to unaudited condensed consolidated income (loss) before income taxes is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Total consolidated operating income (loss) | $ | 2,369 |  |  | $ | (3,137) |  |  | $ | 5,097 |  |  | $ | (3,517) |
Other income (expense), net | 177 |  |  | (589) |  |  | 1,294 |  |  | (759) |
Income (loss) before income taxes | $ | 2,546 |  |  | $ | (3,726) |  |  | $ | 6,391 |  |  | $ | (4,276) |

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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