Property, Plant and Equipment

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Property, plant and equipment consist of the following:


($ in thousands)	Estimated Useful Lives	March 31, 2024		December 31, 2023
Land		$	3,671	$	3,671
Land improvements	10 years	4,448		4,448
Buildings and structures	10 - 45 years	43,027		42,871
Cable and fiber	15 - 30 years	833,360		799,612
Equipment and software	4 - 8 years	348,677		331,595
Plant in service		1,233,183		1,182,197
Plant under construction		156,513		145,623
Total property, plant and equipment		1,389,696		1,327,820
Less: accumulated depreciation and amortization		(493,488)		(477,483)
Property, plant and equipment, net		$	896,208	$	850,337

Property, plant and equipment, net increased due primarily to capital expenditures driven by the Company’s Glo Fiber market expansion. The Company’s accounts payable as of March 31, 2024 and December 31, 2023 included amounts associated with capital expenditures of approximately $48.4 million and $51.1 million, respectively. Depreciation and amortization expense was $17.3 million and $15.1 million during the three months ended March 31, 2024 and 2023, respectively.