XML 27 R15.htm IDEA: XBRL DOCUMENT
v3.25.3

Leases | 9 Months Ended
--- | ---
Sep. 30, 2025
Leases [Abstract] |
Leases | Leases The Company leases various broadband network sites, fiber optic cable routes, warehouses, retail stores and office facilities for use in our business. The components of lease costs were as follows:
| Classification |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) |  |  | 2025 |  | 2024 |  | 2025 |  | 2024
Finance lease cost |  |  |  |  |  |  |  |  |
Amortization of leased assets | Depreciation and amortization |  | $ | 175 |  |  | $ | 188 |  |  | $ | 543 |  |  | $ | 478 |
Interest on lease liabilities | Interest expense |  | 22 |  |  | 27 |  |  | 68 |  |  | 70 |
Operating lease cost | Operating expense 1 |  | 1,149 |  |  | 1,266 |  |  | 3,554 |  |  | 3,106 |
Lease cost |  |  | $ | 1,346 |  |  | $ | 1,481 |  |  | $ | 4,165 |  |  | $ | 3,654 |
_________________________________________ (1)Operating lease expense is presented in cost of services or selling, general and administrative expense based on the use of the relevant facility. The following table summarizes the expected maturity of lease liabilities as of September 30, 2025:
(in thousands) |  | Operating Leases |  | Finance Leases |  | Total
2025 (remainder of the year) |  | $ | 842 |  |  | $ | 70 |  |  | $ | 912 |
2026 |  | 3,389 |  |  | 400 |  |  | 3,789 |
2027 |  | 2,268 |  |  | 203 |  |  | 2,471 |
2028 |  | 1,858 |  |  | 158 |  |  | 2,016 |
2029 |  | 1,523 |  |  | 160 |  |  | 1,683 |
2030 and thereafter |  | 7,394 |  |  | 1,041 |  |  | 8,435 |
Total lease payments |  | 17,274 |  |  | 2,032 |  |  | 19,306 |
Less: Interest |  | (4,533) |  |  | (416) |  |  | (4,949) |
Present value of lease liabilities |  | $ | 12,741 |  |  | $ | 1,616 |  |  | $ | 14,357 |
Other information related to operating and finance leases was as follows:
| September 30, 2025 |  | December 31, 2024
Operating leases |  |  |
Weighted average remaining lease term (years) | 8.6 |  | 8.5
Weighted average discount rate | 6.3 | % |  | 6.1 | %
Finance leases |  |  |
Weighted average remaining lease term (years) | 9.0 |  | 9.0
Weighted average discount rate | 5.3 | % |  | 5.3 | %
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Cash paid for operating lease liabilities | $ | 1,050 |  |  | $ | 1,312 |  |  | $ | 3,454 |  |  | $ | 3,130 |
Operating lease right-of-use assets obtained in exchange for new lease liabilities (includes new leases or modification of existing leases) | 85 |  |  | 148 |  |  | 508 |  |  | 2,132 |
The Company also has other operating lease arrangements which generate revenue from leasing the excess fiber capacity of its fiber network assets. Contract terms for these arrangements can range from 1 to 40 years and are billed monthly. Lease revenue from these arrangements was $1.7 million and $5.1 million for the three and nine months ended September 30, 2025, respectively, and $1.8 million and $4.1 million for the three and nine months ended September 30, 2024, respectively. These amounts are presented in service revenue and other in the Company’s unaudited condensed consolidated statements of operations. Contractual minimum rental receipts expected under the lease agreements in place as of September 30, 2025 is as follows:
(in thousands) |  | Operating Leases
2025 (remainder of the year) |  | $ | 1,047 |
2026 |  | 4,352 |
2027 |  | 3,920 |
2028 |  | 3,710 |
2029 |  | 3,417 |
2030 and thereafter |  | 18,858 |
Total |  | $ | 35,304 |
Leases | Leases The Company leases various broadband network sites, fiber optic cable routes, warehouses, retail stores and office facilities for use in our business. The components of lease costs were as follows:
| Classification |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) |  |  | 2025 |  | 2024 |  | 2025 |  | 2024
Finance lease cost |  |  |  |  |  |  |  |  |
Amortization of leased assets | Depreciation and amortization |  | $ | 175 |  |  | $ | 188 |  |  | $ | 543 |  |  | $ | 478 |
Interest on lease liabilities | Interest expense |  | 22 |  |  | 27 |  |  | 68 |  |  | 70 |
Operating lease cost | Operating expense 1 |  | 1,149 |  |  | 1,266 |  |  | 3,554 |  |  | 3,106 |
Lease cost |  |  | $ | 1,346 |  |  | $ | 1,481 |  |  | $ | 4,165 |  |  | $ | 3,654 |
_________________________________________ (1)Operating lease expense is presented in cost of services or selling, general and administrative expense based on the use of the relevant facility. The following table summarizes the expected maturity of lease liabilities as of September 30, 2025:
(in thousands) |  | Operating Leases |  | Finance Leases |  | Total
2025 (remainder of the year) |  | $ | 842 |  |  | $ | 70 |  |  | $ | 912 |
2026 |  | 3,389 |  |  | 400 |  |  | 3,789 |
2027 |  | 2,268 |  |  | 203 |  |  | 2,471 |
2028 |  | 1,858 |  |  | 158 |  |  | 2,016 |
2029 |  | 1,523 |  |  | 160 |  |  | 1,683 |
2030 and thereafter |  | 7,394 |  |  | 1,041 |  |  | 8,435 |
Total lease payments |  | 17,274 |  |  | 2,032 |  |  | 19,306 |
Less: Interest |  | (4,533) |  |  | (416) |  |  | (4,949) |
Present value of lease liabilities |  | $ | 12,741 |  |  | $ | 1,616 |  |  | $ | 14,357 |
Other information related to operating and finance leases was as follows:
| September 30, 2025 |  | December 31, 2024
Operating leases |  |  |
Weighted average remaining lease term (years) | 8.6 |  | 8.5
Weighted average discount rate | 6.3 | % |  | 6.1 | %
Finance leases |  |  |
Weighted average remaining lease term (years) | 9.0 |  | 9.0
Weighted average discount rate | 5.3 | % |  | 5.3 | %
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Cash paid for operating lease liabilities | $ | 1,050 |  |  | $ | 1,312 |  |  | $ | 3,454 |  |  | $ | 3,130 |
Operating lease right-of-use assets obtained in exchange for new lease liabilities (includes new leases or modification of existing leases) | 85 |  |  | 148 |  |  | 508 |  |  | 2,132 |
The Company also has other operating lease arrangements which generate revenue from leasing the excess fiber capacity of its fiber network assets. Contract terms for these arrangements can range from 1 to 40 years and are billed monthly. Lease revenue from these arrangements was $1.7 million and $5.1 million for the three and nine months ended September 30, 2025, respectively, and $1.8 million and $4.1 million for the three and nine months ended September 30, 2024, respectively. These amounts are presented in service revenue and other in the Company’s unaudited condensed consolidated statements of operations. Contractual minimum rental receipts expected under the lease agreements in place as of September 30, 2025 is as follows:
(in thousands) |  | Operating Leases
2025 (remainder of the year) |  | $ | 1,047 |
2026 |  | 4,352 |
2027 |  | 3,920 |
2028 |  | 3,710 |
2029 |  | 3,417 |
2030 and thereafter |  | 18,858 |
Total |  | $ | 35,304 |
Leases | Leases The Company leases various broadband network sites, fiber optic cable routes, warehouses, retail stores and office facilities for use in our business. The components of lease costs were as follows:
| Classification |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) |  |  | 2025 |  | 2024 |  | 2025 |  | 2024
Finance lease cost |  |  |  |  |  |  |  |  |
Amortization of leased assets | Depreciation and amortization |  | $ | 175 |  |  | $ | 188 |  |  | $ | 543 |  |  | $ | 478 |
Interest on lease liabilities | Interest expense |  | 22 |  |  | 27 |  |  | 68 |  |  | 70 |
Operating lease cost | Operating expense 1 |  | 1,149 |  |  | 1,266 |  |  | 3,554 |  |  | 3,106 |
Lease cost |  |  | $ | 1,346 |  |  | $ | 1,481 |  |  | $ | 4,165 |  |  | $ | 3,654 |
_________________________________________ (1)Operating lease expense is presented in cost of services or selling, general and administrative expense based on the use of the relevant facility. The following table summarizes the expected maturity of lease liabilities as of September 30, 2025:
(in thousands) |  | Operating Leases |  | Finance Leases |  | Total
2025 (remainder of the year) |  | $ | 842 |  |  | $ | 70 |  |  | $ | 912 |
2026 |  | 3,389 |  |  | 400 |  |  | 3,789 |
2027 |  | 2,268 |  |  | 203 |  |  | 2,471 |
2028 |  | 1,858 |  |  | 158 |  |  | 2,016 |
2029 |  | 1,523 |  |  | 160 |  |  | 1,683 |
2030 and thereafter |  | 7,394 |  |  | 1,041 |  |  | 8,435 |
Total lease payments |  | 17,274 |  |  | 2,032 |  |  | 19,306 |
Less: Interest |  | (4,533) |  |  | (416) |  |  | (4,949) |
Present value of lease liabilities |  | $ | 12,741 |  |  | $ | 1,616 |  |  | $ | 14,357 |
Other information related to operating and finance leases was as follows:
| September 30, 2025 |  | December 31, 2024
Operating leases |  |  |
Weighted average remaining lease term (years) | 8.6 |  | 8.5
Weighted average discount rate | 6.3 | % |  | 6.1 | %
Finance leases |  |  |
Weighted average remaining lease term (years) | 9.0 |  | 9.0
Weighted average discount rate | 5.3 | % |  | 5.3 | %
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Cash paid for operating lease liabilities | $ | 1,050 |  |  | $ | 1,312 |  |  | $ | 3,454 |  |  | $ | 3,130 |
Operating lease right-of-use assets obtained in exchange for new lease liabilities (includes new leases or modification of existing leases) | 85 |  |  | 148 |  |  | 508 |  |  | 2,132 |
The Company also has other operating lease arrangements which generate revenue from leasing the excess fiber capacity of its fiber network assets. Contract terms for these arrangements can range from 1 to 40 years and are billed monthly. Lease revenue from these arrangements was $1.7 million and $5.1 million for the three and nine months ended September 30, 2025, respectively, and $1.8 million and $4.1 million for the three and nine months ended September 30, 2024, respectively. These amounts are presented in service revenue and other in the Company’s unaudited condensed consolidated statements of operations. Contractual minimum rental receipts expected under the lease agreements in place as of September 30, 2025 is as follows:
(in thousands) |  | Operating Leases
2025 (remainder of the year) |  | $ | 1,047 |
2026 |  | 4,352 |
2027 |  | 3,920 |
2028 |  | 3,710 |
2029 |  | 3,417 |
2030 and thereafter |  | 18,858 |
Total |  | $ | 35,304 |

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

X
- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-30/tableOfContent + Details
Name: | us-gaap_OperatingLeasesOfLessorDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration