Property, Plant and Equipment

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Property, plant and equipment consist of the following:


($ in thousands)	Estimated Useful Lives	September 30, 2023		December 31, 2022
Land		$	3,521	$	3,722
Land improvements	10 years	3,610		3,483
Buildings and structures	10 - 45 years	95,170		93,461
Cable and fiber	15 - 30 years	721,441		593,771
Equipment and software	4 - 8 years	323,422		317,347
Plant in service		1,147,164		1,011,784
Plant under construction		167,389		144,534
Total property, plant and equipment		1,314,553		1,156,318
Less: accumulated depreciation and amortization		(492,059)		(468,765)
Property, plant and equipment, net		$	822,494	$	687,553

Property, plant and equipment, net increases were primarily attributable to capital expenditures in the Broadband segment due to expansion of Glo Fiber assets and market expansion. The Company’s accounts payable as of September 30, 2023 and December 31, 2022 included amounts associated with capital expenditures of approximately $41.4 million and $43.8 million, respectively. Depreciation and amortization expense was $16.5 million and $17.7 million during the three months ended September 30, 2023 and 2022, respectively, and $48.3 million and $46.4 million during the nine months ended September 30, 2023 and 2022, respectively.