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Segment Reporting | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting Shentel has presented Residential & SMB - Cable Markets and Residential & SMB - Glo Fiber Markets separately for 2023. These revenues were previously reported in one line under the description “Residential & SMB”. Shentel has amended the presentation for 2022 and 2021. The divestiture of our Wireless operations on July 1, 2021 represented a strategic shift in the Company’s business, which therefore qualified the segment as a discontinued operation. As a result, for all periods presented, the operating results and cash flows related to the Wireless segment were reflected as a discontinued operation in our consolidated statements of comprehensive income (loss) and the consolidated statements of cash flows. The tables below reflect the results of operations of the Company’s reportable segments in continuing operations, consistent with internal reporting used by the Company. Intercompany revenue is primarily derived from services provided to the discontinued operation, for periods prior to the divestiture. Year ended December 31, 2023:
(in thousands) |  | Broadband |  | Tower |  | Corporate & Eliminations |  | Consolidated
External revenue |  |  |  |  |  |  |  |
Residential & SMB - Cable Markets |  | $ | 176,879 |  |  | $ | — |  |  | $ | — |  |  | $ | 176,879 |
Residential & SMB - Glo Fiber Markets |  | 35,103 |  |  | — |  |  | — |  |  | 35,103 |
Commercial Fiber |  | 42,132 |  |  | — |  |  | — |  |  | 42,132 |
RLEC & Other |  | 14,791 |  |  | — |  |  | — |  |  | 14,791 |
Tower lease |  | — |  |  | 18,474 |  |  | — |  |  | 18,474 |
Service revenue and other |  | 268,905 |  |  | 18,474 |  |  | — |  |  | 287,379 |
Intercompany revenue and other |  | 348 |  |  | 161 |  |  | (509) |  |  | — |
Total revenue |  | 269,253 |  |  | 18,635 |  |  | (509) |  |  | 287,379 |
Operating expenses |  |  |  |  |  |  |  |
Cost of services |  | 100,841 |  |  | 5,625 |  |  | (365) |  |  | 106,101 |
Selling, general and administrative |  | 62,834 |  |  | 1,412 |  |  | 39,385 |  |  | 103,631 |
Impairment expense |  | 2,552 |  |  | — |  |  | — |  |  | 2,552 |
Depreciation and amortization |  | 61,897 |  |  | 2,103 |  |  | 1,471 |  |  | 65,471 |
Total operating expenses |  | 228,124 |  |  | 9,140 |  |  | 40,491 |  |  | 277,755 |
Operating income (loss) |  | $ | 41,129 |  |  | $ | 9,495 |  |  | $ | (41,000) |  |  | $ | 9,624 |
Capital expenditures |  | $ | 254,929 |  |  | $ | 1,480 |  |  | $ | 141 |  |  | $ | 256,550 |
Year ended December 31, 2022:
(in thousands) |  | Broadband |  | Tower |  | Corporate & Eliminations |  | Consolidated
External revenue |  |  |  |  |  |  |  |
Residential & SMB - Cable Markets |  | $ | 175,681 |  |  | $ | — |  |  | $ | — |  |  | $ | 175,681 |
Residential & SMB - Glo Fiber Markets |  | 18,293 |  |  | — |  |  | — |  |  | 18,293 |
Commercial Fiber |  | 38,821 |  |  | — |  |  | — |  |  | 38,821 |
RLEC & Other |  | 16,035 |  |  | — |  |  | — |  |  | 16,035 |
Tower lease |  | — |  |  | 18,541 |  |  | — |  |  | 18,541 |
Service revenue and other |  | 248,830 |  |  | 18,541 |  |  | — |  |  | 267,371 |
Intercompany revenue and other |  | 185 |  |  | 378 |  |  | (563) |  |  | — |
Total revenue |  | 249,015 |  |  | 18,919 |  |  | (563) |  |  | 267,371 |
Operating expenses |  |  |  |  |  |  |  |
Cost of services |  | 102,267 |  |  | 5,712 |  |  | (433) |  |  | 107,546 |
Selling, general and administrative |  | 56,776 |  |  | 1,279 |  |  | 34,337 |  |  | 92,392 |
Restructuring expense |  | 849 |  |  | — |  |  | 402 |  |  | 1,251 |
Impairment expense |  | 5,241 |  |  | — |  |  | — |  |  | 5,241 |
Depreciation and amortization |  | 63,175 |  |  | 2,416 |  |  | 3,308 |  |  | 68,899 |
Total operating expenses |  | 228,308 |  |  | 9,407 |  |  | 37,614 |  |  | 275,329 |
Operating income (loss) |  | $ | 20,707 |  |  | $ | 9,512 |  |  | $ | (38,177) |  |  | $ | (7,958) |
Capital expenditures |  | $ | 188,729 |  |  | $ | 620 |  |  | $ | 260 |  |  | $ | 189,609 |
Year ended December 31, 2021:
(in thousands) |  | Broadband |  | Tower |  | Corporate & Eliminations |  | Consolidated
External revenue |  |  |  |  |  |  |  |
Residential & SMB - Cable Markets |  | $ | 169,183 |  |  | $ | — |  |  | $ | — |  |  | $ | 169,183 |
Residential & SMB - Glo Fiber Markets |  | 8,347 |  |  | — |  |  | — |  |  | 8,347 |
Commercial Fiber |  | 30,842 |  |  | — |  |  | — |  |  | 30,842 |
RLEC & Other |  | 15,249 |  |  | — |  |  | — |  |  | 15,249 |
Tower lease |  | — |  |  | 12,393 |  |  | — |  |  | 12,393 |
Service revenue and other |  | 223,621 |  |  | 12,393 |  |  | — |  |  | 236,014 |
Revenue for service provided to the discontinued Wireless operations |  | 4,459 |  |  | 5,311 |  |  | (545) |  |  | 9,225 |
Total revenue |  | 228,080 |  |  | 17,704 |  |  | (545) |  |  | 245,239 |
Operating expenses |  |  |  |  |  |  |  |
Cost of services |  | 97,283 |  |  | 5,438 |  |  | (422) |  |  | 102,299 |
Selling, general and administrative |  | 47,840 |  |  | 1,197 |  |  | 33,414 |  |  | 82,451 |
Restructuring expense |  | 202 |  |  | — |  |  | 1,525 |  |  | 1,727 |
Impairment expense |  | 5,986 |  |  | — |  |  | — |  |  | 5,986 |
Depreciation and amortization |  | 47,937 |  |  | 2,053 |  |  | 5,216 |  |  | 55,206 |
Total operating expenses |  | 199,248 |  |  | 8,688 |  |  | 39,733 |  |  | 247,669 |
Operating income (loss) |  | $ | 28,832 |  |  | $ | 9,016 |  |  | $ | (40,278) |  |  | $ | (2,430) |
Capital expenditures |  | $ | 156,131 |  |  | $ | 977 |  |  | $ | 2,993 |  |  | $ | 160,101 |
A reconciliation of the total of the reportable segments’ operating income (loss) to consolidated income (loss) from continuing operations before income taxes is as follows:
| Years Ended December 31,
(in thousands) | 2023 |  | 2022 |  | 2021
Total consolidated operating income (loss) | $ | 9,624 |  |  | $ | (7,958) |  |  | $ | (2,430) |
Other income (expense), net | 1,387 |  |  | (1,348) |  |  | 8,665 |
Income (loss) from continuing operations before income taxes | $ | 11,011 |  |  | $ | (9,306) |  |  | $ | 6,235 |
The Company’s CODM does not currently review total assets by segment since the assets are centrally managed and some of the assets are shared by the segments As a result, total assets by reportable segment have not been presented.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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