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Discontinued Operations | 12 Months Ended
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Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations On July 1, 2021, pursuant to the Asset Purchase Agreement (the “Purchase Agreement”), dated May 28, 2021, between Shentel and T-Mobile, Shentel completed the sale to T-Mobile of its Wireless assets and operations for cash consideration of approximately $1.94 billion, inclusive of the approximately $60 million settlement of the waived management fees by Sprint, and net of certain transaction expenses (the “Transaction”). The assets and liabilities that transferred in the Transaction (the “disposal group”) were presented as held for sale within our historical consolidated balance sheets, and discontinued operations within our historical consolidated statements of comprehensive income (loss). Income from discontinued operations, net of tax in the consolidated statements of comprehensive income (loss) consist of the following for December 31, 2021:
(in thousands) |  |  |  |
Revenue: |  |  |  | 2021
Service revenue and other |  |  |  | $ | 201,076 |
Equipment revenue |  |  |  | 12,253 |
Total revenue |  |  |  | 213,329 |
Operating expenses: |  |  |  |
Cost of services |  |  |  | 38,144 |
Cost of goods sold |  |  |  | 11,964 |
Selling, general and administrative |  |  |  | 17,514 |
Severance expense |  |  |  | 465 |
Depreciation and amortization |  |  |  | — |
Total operating expenses |  |  |  | 68,087 |
Operating income |  |  |  | 145,242 |
Other (expense) income: |  |  |  |
Debt extinguishment |  |  |  | (11,032) |
Interest expense and other, net |  |  |  | (9,178) |
Gain on sale of disposition of Wireless assets and operations |  |  |  | 1,227,531 |
Income before income taxes |  |  |  | 1,352,563 |
Income tax expense |  |  |  | 361,661 |
Income from discontinued operations, net of tax |  |  |  | $ | 990,902 |
There was no material income from discontinued operations for the years ended December 31, 2023 and 2022.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent + Details
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