XML 23 R11.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Property, Plant and Equipment | 6 Months Ended
--- | ---
Jun. 30, 2024
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | Property, Plant and Equipment Property, plant and equipment consist of the following:
($ in thousands) | Estimated Useful Lives |  | June 30, 2024 |  | December 31, 2023
Land |  |  | $ | 4,514 |  |  | $ | 3,671 |
Land improvements | 10 years |  | 4,448 |  |  | 4,448 |
Buildings and structures | 10 - 45 years |  | 51,827 |  |  | 42,871 |
Cable and fiber | 12 - 30 years |  | 1,174,670 |  |  | 799,612 |
Equipment and software | 4 - 12 years |  | 407,291 |  |  | 331,595 |
Plant in service |  |  | 1,642,750 |  |  | 1,182,197 |
Plant under construction |  |  | 213,027 |  |  | 145,623 |
Total property, plant and equipment |  |  | 1,855,777 |  |  | 1,327,820 |
Less: accumulated depreciation and amortization |  |  | (518,525) |  |  | (477,483) |
Property, plant and equipment, net |  |  | $ | 1,337,252 |  |  | $ | 850,337 |
Property, plant and equipment, net increased due primarily to capital expenditures driven by the Company’s Glo Fiber market expansion and assets acquired as a result of the Horizon Transaction. The Company’s accounts payable as of June 30, 2024 and December 31, 2023 included amounts associated with capital expenditures of approximately $54.6 million and $51.1 million, respectively. Depreciation and amortization expense was $25.1 million and $15.6 million during the three months ended June 30, 2024 and 2023, respectively, and $42.4 million and $30.7 million during the six months ended June 30, 2024 and 2023, respectively.

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

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration