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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill and intangible assets consist of the following:
| September 30, 2023 |  | December 31, 2022
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization and Other |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization and Other |  | Net
Goodwill - Broadband | $ | 3,244 |  |  | $ | — |  |  | $ | 3,244 |  |  | $ | 3,244 |  |  | $ | — |  |  | $ | 3,244 |
Indefinite-lived intangibles: |  |  |  |  |  |  |  |  |  |  |
Cable franchise rights | 64,334 |  |  | — |  |  | 64,334 |  |  | 64,334 |  |  | — |  |  | 64,334 |
FCC Spectrum licenses | 12,122 |  |  | — |  |  | 12,122 |  |  | 12,122 |  |  | — |  |  | 12,122 |
Railroad crossing rights | 180 |  |  | — |  |  | 180 |  |  | 141 |  |  | — |  |  | 141 |
Total indefinite-lived intangibles | 76,636 |  |  | — |  |  | 76,636 |  |  | 76,597 |  |  | — |  |  | 76,597 |
Finite-lived intangibles: |  |  |  |  |  |  |  |  |  |  |
Subscriber relationships | 28,425 |  |  | (27,255) |  |  | 1,170 |  |  | 28,425 |  |  | (26,910) |  |  | 1,515 |
Other intangibles | 488 |  |  | (351) |  |  | 137 |  |  | 488 |  |  | (329) |  |  | 159 |
Total finite-lived intangibles | 28,913 |  |  | (27,606) |  |  | 1,307 |  |  | 28,913 |  |  | (27,239) |  |  | 1,674 |
Total goodwill and intangible assets | $ | 108,793 |  |  | $ | (27,606) |  |  | $ | 81,187 |  |  | $ | 108,754 |  |  | $ | (27,239) |  |  | $ | 81,515 |
Amortization expense was $0.2 million during the three months ended September 30, 2023 and 2022, and $0.4 million and $0.6 million during the nine months ended September 30, 2023 and 2022, respectively. On August 23, 2022, the Company entered into a definitive asset purchase agreement (the “Spectrum Purchase Agreement”) with a wireless carrier pursuant to which the Company agreed to sell certain Federal Communications Commission (“FCC”) spectrum licenses and leases previously utilized in the Company’s Beam branded fixed wireless service for total consideration of approximately $21.1 million, composed of $17.3 million cash and approximately $3.8 million of liabilities to be assumed by the wireless carrier (the “Spectrum Transaction”). The Spectrum Transaction closed on July 6, 2023. As a result of the expected sale, the Company concluded that the FCC spectrum licenses met the held for sale criteria. Accordingly, $13.8 million of indefinite-lived licenses and $5.9 million of finite-lived licenses are presented as held for sale, along with the corresponding $3.8 million of operating lease liabilities related to the finite-lived licenses, as of December 31, 2022. Upon the closing of the Spectrum Transaction, the respective balances were derecognized, resulting in a gain of $1.3 million recorded in other income (expense). The Company evaluated these events and determined that the Spectrum Transaction does not represent a strategic shift in the Company’s business.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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