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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

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
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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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