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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Selected Financial Data for Segments

Three Months Ended September 30, 2023:

(in thousands)			Broadband						Tower						Corporate & Eliminations						Consolidated
External revenue
Residential & SMB - Cable Markets			$	43,679					$	—					$	—					$	43,679
Residential & SMB - Glo Fiber Markets			9,325						—						—						9,325
Commercial Fiber			10,415						—						—						10,415
Tower lease			—						4,608						—						4,608
RLEC & Other			3,815						—						—						3,815
Service revenue and other			67,234						4,608						—						71,842
Intercompany revenue and other			215						36						(251)						—
Total revenue			67,449						4,644						(251)						71,842
Operating expenses
Cost of services			26,266						1,694						(209)						27,751
Selling, general and administrative			14,615						304						9,483						24,402
Impairment expense			1,532						—						—						1,532
Depreciation and amortization			15,729						549						392						16,670
Total operating expenses			58,142						2,547						9,666						70,355
Operating income (loss)			$	9,307					$	2,097					$	(9,917)					$	1,487

Three Months Ended September 30, 2022:

(in thousands)			Broadband						Tower						Corporate & Eliminations						Consolidated
External revenue
Residential & SMB - Cable Markets			$	43,805					$	—					$	—					$	43,805
Residential & SMB - Glo Fiber Markets			4,895						—						—						4,895
Commercial Fiber			9,522						—						—						9,522
Tower lease			—						4,610						—						4,610
RLEC & Other			4,139						—						—						4,139
Service revenue and other			62,361						4,610						—						66,971
Intercompany revenue and other			25						67						(139)						(47)
Total revenue			62,386						4,677						(139)						66,924
Operating expenses
Cost of services			26,193						1,384						(100)						27,477
Selling, general and administrative			13,946						258						8,023						22,227
Restructuring expense			169						—						472						641
Impairment expense			477						—						—						477
Depreciation and amortization			16,791						445						637						17,873
Total operating expenses			57,576						2,087						9,032						68,695
Operating income (loss)			$	4,810					$	2,590					$	(9,171)					$	(1,771)

Nine Months Ended September 30, 2023:

(in thousands)			Broadband						Tower						Corporate & Eliminations						Consolidated
External revenue
Residential & SMB - Cable Markets			$	132,838					$	—					$	—					$	132,838
Residential & SMB - Glo Fiber Markets			24,492						—						—						24,492
Commercial Fiber			32,366						—						—						32,366
Tower lease			—						13,861						—						13,861
RLEC & Other			11,312						—						—						11,312
Service revenue and other			201,008						13,861						—						214,869
Intercompany revenue and other			321						112						(433)						—
Total revenue			201,329						13,973						(433)						214,869
Operating expenses
Cost of services			76,447						4,265						(318)						80,394
Selling, general and administrative			46,110						1,103						29,489						76,702
Impairment expense			2,552						—						—						2,552
Depreciation and amortization			45,902						1,600						1,135						48,637
Total operating expenses			171,011						6,968						30,306						208,285
Operating income (loss)			$	30,318					$	7,005					$	(30,739)					$	6,584

Nine Months Ended September 30, 2022:

(in thousands)			Broadband						Tower						Corporate & Eliminations						Consolidated
External revenue
Residential & SMB - Cable Markets			$	131,141					$	—					$	—					$	131,141
Residential & SMB - Glo Fiber Markets			12,371						—						—						12,371
Commercial Fiber			27,924						—						—						27,924
Tower lease			—						13,971						—						13,971
RLEC & Other			11,952						—						—						11,952
Service revenue and other			183,388						13,971						—						197,359
Intercompany revenue and other			124						255						(379)						—
Total revenue			183,512						14,226						(379)						197,359
Operating expenses
Cost of services			76,801						4,054						(283)						80,572
Selling, general and administrative			41,376						982						26,794						69,152
Restructuring expense			629						—						402						1,031
Impairment expense			4,884						—						—						4,884
Depreciation and amortization			42,724						1,562						2,722						47,008
Total operating expenses			166,414						6,598						29,635						202,647
Operating income (loss)			$	17,098					$	7,628					$	(30,014)					$	(5,288)

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 September 30,												Nine Months Ended September 30,
(in thousands)			2023						2022						2023						2022
Total consolidated operating income (loss)			$	1,487					$	(1,771)					$	6,584					$	(5,288)
Other income (expense), net			826						(1,208)						2,120						(1,967)
Income (loss) before income taxes			$	2,313					$	(2,979)					$	8,704					$	(7,255)

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
-Topic 350
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