XML 250 R41.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Segment Reporting (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Segment Reporting [Abstract] |
Selected Financial Data for Segments | 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 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | 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 |

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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration