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Revenue from Contracts with Customers (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Revenues by Activity Type | The Company’s revenues by activity type are as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Residential & SMB - Incumbent Broadband Markets 1 | $ | 44,960 |  |  | $ | 44,403 |  |  | $ | 89,330 |  |  | $ | 89,159 |
Residential & SMB - Glo Fiber Expansion Markets 2 | 14,093 |  |  | 8,164 |  |  | 26,211 |  |  | 15,167 |
Commercial Fiber | 19,921 |  |  | 10,253 |  |  | 29,298 |  |  | 21,951 |
RLEC & Other | 6,825 |  |  | 3,824 |  |  | 10,208 |  |  | 7,532 |
Service revenue and other | $ | 85,799 |  |  | $ | 66,644 |  |  | $ | 155,047 |  |  | $ | 133,809 |
_______________________________________________________ 1.Incumbent Broadband Markets consists of Shentel Incumbent Cable Markets and Horizon Incumbent Telephone Markets with Fiber-To-The-Home (“FTTH”) passings. 2.Glo Fiber Expansion Markets consists of FTTH passings in greenfield expansion markets in the Shentel and former Horizon markets.
Schedule of Amortized and Capitalized Contract Cost | The following tables present the activity of current and non-current contract assets:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Beginning Balance | $ | 8,767 |  |  | $ | 8,756 |  |  | $ | 8,633 |  |  | $ | 8,646 |
Commission payments | 1,564 |  |  | 793 |  |  | 2,415 |  |  | 1,684 |
Contract asset amortization | (986) |  |  | (807) |  |  | (1,703) |  |  | (1,588) |
Ending Balance | $ | 9,345 |  |  | $ | 8,742 |  |  | $ | 9,345 |  |  | $ | 8,742 |

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- Definition Tabular disclosure of cost capitalized in obtaining or fulfilling contract with customer. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 340 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479483/340-40-50-3 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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