XML 29 R18.htm IDEA: XBRL DOCUMENT v3.24.3
Income Taxes
 9 Months Ended
Sep. 30, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company files U.S. federal income tax returns and various state income tax returns. The Company is currently involved in one state income tax audit and no federal income tax audits as of September 30, 2024. The Company’s income tax returns are generally open to examination from 2020 forward and the net operating losses acquired in the acquisition of nTelos are open to examination from 2004 forward.

The effective tax rates for the three and nine months ended September 30, 2024 and 2023, differ from the statutory U.S. federal income tax rate of 21% primarily due to the state income taxes, excess tax benefits and other discrete items.
 Three Months Ended
September 30,		Nine Months Ended
September 30,
(in thousands)2024202320242023
Expected tax (benefit) expense at federal statutory$(1,437)$46 $(6,286)$357 
State income tax (benefit) expense, net of federal tax effect(367)11 (1,603)91 
Excess tax deficiency from share-based compensation and other expense, net262 342 121 2,092 
Income tax (benefit) expense$(1,542)$399 $(7,768)$2,540 

The Company made $8.0 million in payments and received $1.3 million in refunds for income taxes for the nine months ended September 30, 2024. The Company received $25.6 million in cash refunds for income taxes for the nine months ended September 30, 2023.