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Revenue from Contracts with Customers (Tables)
9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Revenues by Activity Type
The Company’s revenues by activity type were as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands)2024202320242023
Residential & SMB - Incumbent Broadband Markets1
$44,225 $43,679 $133,555 $132,838 
Residential & SMB - Glo Fiber Expansion Markets2
15,100 9,325 41,311 24,492 
Commercial Fiber20,257 10,415 49,555 32,366 
RLEC & Other8,017 3,990 18,225 11,522 
Service revenue and other$87,599 $67,409 $242,646 $201,218 
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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
September 30,
Nine Months Ended
September 30,
(in thousands)2024202320242023
Beginning Balance$9,345 $8,742 $8,633 $8,646 
Commission payments1,050 755 3,465 2,439 
Contract asset amortization(722)(822)(2,425)(2,410)
Ending Balance$9,673 $8,675 $9,673 $8,675