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Income Taxes | 6 Months Ended
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Jun. 30, 2025
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 June 30, 2025. The Company’s income tax returns are generally open to examination from 2021 forward. The net operating losses acquired in the acquisition of nTelos are open to examination from 2005 forward and the net operating losses acquired from Horizon are open to examination from 2013 forward. The effective tax rates for the three and six months ended June 30, 2025 and 2024, 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 June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Expected tax benefit at federal statutory rate | $ | (2,540) |  |  | $ | (3,775) |  |  | $ | (4,693) |  |  | $ | (4,849) |
State income tax benefit, net of federal tax effect | (653) |  |  | (974) |  |  | (1,206) |  |  | (1,236) |
Excess tax deficiency from share-based compensation and other expense, net | 145 |  |  | (451) |  |  | 1,732 |  |  | (141) |
Income tax benefit | $ | (3,048) |  |  | $ | (5,200) |  |  | $ | (4,167) |  |  | $ | (6,226) |
The Company made $2.3 million in payments and received $0.2 million in refunds for income taxes during the six months ended June 30, 2025. The Company made $7.3 million in payments and received $0.2 million in refunds for income taxes for the six months ended June 30, 2024.

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