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Segment Reporting (Tables)

6 Months Ended

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)

X

- 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

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-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

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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

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-Name Accounting Standards Codification
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