Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 25, 2014 | Jun. 28, 2013 | |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Entity Registrant Name | 'ALTEVA, INC. | ' | ' |
Entity Central Index Key | '0000104777 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 6,142,650 | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $58,147,465 |
Consolidated_Statements_Of_Ope
Consolidated Statements Of Operations (USD $) | 12 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Operating revenues: | ' | ' | ' | ||
Operating revenues | $30,102,000 | $27,942,000 | [1] | $25,936,000 | |
Operating expenses: | ' | ' | ' | ||
Cost of services and products (exclusive of depreciation and amortization expense) | 13,465,000 | 14,134,000 | 14,701,000 | ||
Selling, general and administration expenses | 23,989,000 | 23,702,000 | 17,558,000 | ||
Depreciation and amortization | 3,815,000 | 5,476,000 | 5,266,000 | ||
Loss on disposal and restructuring costs | 447,000 | ' | ' | ||
Impairment of fixed assets | ' | 8,883,000 | ' | ||
Total operating expenses | 41,716,000 | 52,195,000 | 37,525,000 | ||
Operating loss | -11,614,000 | -24,253,000 | [1] | -11,589,000 | |
Other income (expense): | ' | ' | ' | ||
Interest (expense) | -756,000 | -415,000 | -64,000 | ||
Income from equity method investment | 13,000,000 | 11,021,000 | 7,898,000 | ||
Other income (expense), net | 166,000 | -286,000 | -51,000 | ||
Total other income, net | 12,410,000 | 10,320,000 | 7,783,000 | ||
Income (loss) before income taxes | 796,000 | -13,933,000 | -3,806,000 | ||
Income taxes expense (benefit) | 1,442,000 | -3,044,000 | -885,000 | ||
Net loss | -646,000 | -10,889,000 | [1] | -2,921,000 | |
Preferred dividends | 25,000 | 25,000 | 25,000 | ||
Net loss applicable to common stock | -671,000 | -10,914,000 | -2,946,000 | ||
Basic loss per common share | ($0.11) | ($1.91) | [1] | ($0.54) | |
Basic loss per puttable common share | ' | ' | ($0.54) | ||
Diluted loss per common share | ($0.11) | [2] | ($1.91) | [1],[2] | ($0.54) |
Diluted loss per puttable common share | ' | ' | ($0.54) | ||
Weighted average shares of common stock used to calculate earnings (loss) per share | ' | ' | ' | ||
Basic (common) | 6,111,608 | 5,711,815 | 5,413,144 | ||
Basic (puttable common) | ' | ' | 186 | ||
Diluted (common) | 6,111,608 | 5,711,815 | 5,413,144 | ||
Diluted (puttable common) | ' | ' | 186 | ||
Unified Communications [Member] | ' | ' | ' | ||
Operating revenues: | ' | ' | ' | ||
Operating revenues | 15,834,000 | 13,569,000 | 8,360,000 | ||
Operating expenses: | ' | ' | ' | ||
Cost of services and products (exclusive of depreciation and amortization expense) | 8,798,000 | 8,994,000 | 6,590,000 | ||
Selling, general and administration expenses | 15,602,000 | 15,055,000 | 9,794,000 | ||
Depreciation and amortization | 2,287,000 | 2,037,000 | 1,132,000 | ||
Loss on disposal and restructuring costs | 447,000 | ' | ' | ||
Total operating expenses | 27,134,000 | 26,086,000 | 17,516,000 | ||
Operating loss | -11,300,000 | -12,517,000 | -9,156,000 | ||
Telephone [Member] | ' | ' | ' | ||
Operating revenues: | ' | ' | ' | ||
Operating revenues | 14,268,000 | 14,373,000 | 17,576,000 | ||
Operating expenses: | ' | ' | ' | ||
Cost of services and products (exclusive of depreciation and amortization expense) | 4,667,000 | 5,140,000 | 8,111,000 | ||
Selling, general and administration expenses | 8,387,000 | 8,647,000 | 7,764,000 | ||
Depreciation and amortization | 1,528,000 | 3,439,000 | 4,134,000 | ||
Impairment of fixed assets | ' | 8,883,000 | ' | ||
Total operating expenses | 14,582,000 | 26,109,000 | 20,009,000 | ||
Operating loss | ($314,000) | ($11,736,000) | ($2,433,000) | ||
[1] | The Company recorded an additional $1.4 milion in tax expense, compared to what was previously reported in its Annual Report on Form 10-K/A for the year ended December 31, 2012 (see Note 1). | ||||
[2] | There is no difference between basic and diluted earnings (loss) per share due to stock options being out of the money. |
Consolidated_Statements_Of_Com
Consolidated Statements Of Comprehensive Income (Loss) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Consolidated Statements Of Comprehensive Income (Loss) [Abstract] | ' | ' | ' | |
Net loss | ($646) | ($10,889) | [1] | ($2,921) |
Other comprehensive income (loss): | ' | ' | ' | |
Unrealized holding loss on short-term investments arising during the period | ' | ' | 32 | |
Defined benefit pension plans: | ' | ' | ' | |
Net actuarial gain (loss) | 1,960 | 732 | -4,068 | |
Amortization of transition obligation | ' | 28 | 28 | |
Amortizaion of prior service costs | -274 | -274 | -275 | |
Amortization of actuarial gain (loss) | 877 | 1,040 | 849 | |
Income tax expense (benefit) | ' | 546 | -1,239 | |
Other comprehensive income (loss) | 2,563 | 980 | -2,195 | |
Comprehensive income (loss) | $1,917 | ($9,909) | ($5,116) | |
[1] | The Company recorded an additional $1.4 milion in tax expense, compared to what was previously reported in its Annual Report on Form 10-K/A for the year ended December 31, 2012 (see Note 1). |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $1,636 | $1,799 |
Accounts receivable - net of allowance for uncollectibles - $378 and $638 at December 31, 2013 and 2012, respectively | 2,836 | 3,320 |
Other accounts receivable | 480 | 187 |
Materials and supplies | 237 | 512 |
Prepaid expenses | 774 | 1,145 |
Prepaid income taxes | ' | 924 |
Deferred income taxes | 108 | 117 |
Total current assets | 6,071 | 8,004 |
Property, plant and equipment, net | 13,837 | 16,446 |
Intangibles, net | 5,856 | 6,617 |
Seat licenses, net | 1,749 | 1,514 |
Goodwill | 9,006 | 9,121 |
Other assets | 744 | 420 |
Total assets | 37,263 | 42,122 |
Current liabilities: | ' | ' |
Short-term debt | 10,126 | ' |
Accounts payable | 944 | 886 |
Advance billing and payments | 341 | 367 |
Accrued taxes | 1,692 | 619 |
Pension and postretirement benefit obligations | 267 | 1,089 |
Other accrued expenses | 3,934 | 3,759 |
Total current liabilities | 17,304 | 6,720 |
Long-term debt | 297 | 14,095 |
Deferred income taxes | 649 | 114 |
Pension and postretirement benefit obligations | 6,007 | 8,095 |
Total liabilities | 24,257 | 29,024 |
Commitments and contingencies | ' | ' |
Shareholders' equity | ' | ' |
Preferred shares - $100 par value; authorized and issued shares of 5,000; $0.01 par value; authorized and unissued shares of 10,000,000 | 500 | 500 |
Common stock - $0.01 par value; authorized shares of 10,000,000; issued 6,970,626 and 6,576,542 shares at December 31, 2013 and 2012, respectively | 70 | 66 |
Treasury stock - at cost, 829,723 and 817,700 common shares at December 31, 2013 and 2012, respectively | -7,612 | -7,486 |
Additional paid in capital | 13,279 | 11,826 |
Accumulated other comprehensive loss | -1,436 | -3,999 |
Retained earnings | 8,205 | 12,191 |
Total shareholders' equity | 13,006 | 13,098 |
Total liabilities and shareholders' equity | $37,263 | $42,122 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Accounts receivable, allowance for uncollectibles | $378 | $638 |
Common stock, par value | $0.01 | $0.01 |
Common stock, authorized shares | 10,000,000 | 10,000,000 |
Common stock, issued shares | 6,970,626 | 6,576,542 |
Treasury stock, common shares | 829,723 | 817,700 |
Preferred Stock $100 Par Value [Member] | ' | ' |
Preferred shares, par value | $100 | $100 |
Preferred shares, authorized shares | 5,000 | 5,000 |
Preferred shares, issued shares | 5,000 | 5,000 |
Preferred Stock $0.01 Par Value [Member] | ' | ' |
Preferred shares, par value | $0.01 | $0.01 |
Preferred shares, authorized shares | 10,000,000 | 10,000,000 |
Preferred shares, unissued shares | 10,000,000 | 10,000,000 |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
CASH FLOW FROM OPERATING ACTIVITIES | ' | ' | ' | |
Net loss | ($646) | ($10,889) | [1] | ($2,921) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ' | ' | ' | |
Depreciation and amortization | 3,815 | 5,476 | 5,266 | |
Write off obsolete material and supplies | 166 | 216 | ' | |
Stock based compensation expense | 1,457 | 867 | 960 | |
Deferred income taxes | 544 | -2,810 | 214 | |
Non cash interest and financing expenses | 160 | 103 | ' | |
Impairment loss on fixed assets | ' | 8,883 | ' | |
Distribution in excess of income from equity investment included in net loss | -5,729 | -4,731 | ' | |
Change in fair value of derivative liability | ' | -131 | 15 | |
Loss on disposal and restructuring costs | 447 | ' | ' | |
Changes in assets and liabilities, net of effects of business acquisitions | ' | ' | ' | |
Accounts receivable | 324 | -603 | 522 | |
Other accounts receivable | -260 | -13 | -80 | |
Materials and supplies | 53 | 104 | 154 | |
Prepaid income taxes | 924 | 1,791 | -2,715 | |
Prepaid expenses | 367 | -414 | -123 | |
Other assets | -328 | -216 | -103 | |
Accounts payable | 58 | -829 | 379 | |
Advance billing and payment | -17 | -23 | -7 | |
Accrued taxes | 1,073 | 98 | -520 | |
Pension and postretirement benefit obligations | -353 | 177 | -13 | |
Other accrued expenses | 169 | 361 | 852 | |
Net cash provided by (used in) operating activities | 2,224 | -2,583 | 1,880 | |
CASH FLOW FROM INVESTING ACTIVITIES | ' | ' | ' | |
Capital expenditures | -544 | -4,031 | -2,397 | |
Proceeds from sale of assets | 550 | ' | ' | |
Acquired intangibles | -79 | ' | ' | |
Purchase of seat licenses | -392 | -700 | -484 | |
Sale of short-term investments | ' | 259 | 2,408 | |
Distribution in excess of income from equity investment | 5,729 | 6,710 | 5,702 | |
Business acquisition, net of cash acquired | ' | ' | -10,250 | |
Net cash provided by (used in) investing activities | 5,264 | 2,238 | -5,021 | |
CASH FLOW FROM FINANCING ACTIVITIES | ' | ' | ' | |
Proceeds from long-term debt | 1,902 | 8,463 | ' | |
Proceeds from short term borrowings | 17,517 | ' | 9,000 | |
Repayments of long-term debt and short-term borrowings | -23,504 | -1,139 | -4,919 | |
Payment of fees for acquisition of debt | -63 | ' | ' | |
Payments of amount due in connection with business acquisition | ' | -2,924 | -478 | |
Repayment of capital leases | -37 | ' | -671 | |
Dividends (Common and Preferred) | -3,340 | -6,284 | -5,794 | |
Purchase of treasury stock | -126 | -547 | -321 | |
Net cash used in financing activities | -7,651 | -2,431 | -3,183 | |
Net decrease in cash and cash equivalents | -163 | -2,776 | -6,324 | |
Cash and cash equivalents at beginning of period | 1,799 | 4,575 | 10,899 | |
Cash and cash equivalents at end of period | 1,636 | 1,799 | 4,575 | |
Supplemental disclosure of cash flow information: | ' | ' | ' | |
Interest paid | 572 | 343 | 64 | |
Income taxes paid (received) | -910 | 21 | 2,325 | |
Supplemental disclosure of non-cash investing and financing activities: | ' | ' | ' | |
Non-cash consideration used in business acquisition | ' | ' | 7,568 | |
Treasury stock acquired in connection with cashless exercise of stock options | ' | 677 | 1,171 | |
Reclassification of puttable common stock to equity | ' | 4,125 | ' | |
Capitalization of loan financing costs | 93 | 63 | ' | |
Acquisition of equipment and seat licenses under capital leases | $357 | ' | ' | |
[1] | The Company recorded an additional $1.4 milion in tax expense, compared to what was previously reported in its Annual Report on Form 10-K/A for the year ended December 31, 2012 (see Note 1). |
Consolidated_Statements_Of_Sha
Consolidated Statements Of Shareholders' Equity (USD $) | Treasury Stock [Member] | Preferred Stock [Member] | Common Stock [Member] | Additional Paid In Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Loss [Member] | Total | |
In Thousands, except Share data, unless otherwise specified | ||||||||
Balance at Dec. 31, 2010 | ($4,770) | $500 | $60 | $4,063 | $38,079 | ($2,784) | $35,148 | |
Balance, shares at Dec. 31, 2010 | 635,189 | 5,000 | 6,054,741 | ' | ' | ' | ' | |
Net loss | ' | ' | ' | ' | -2,921 | ' | -2,921 | |
Change in pension and postretirement benefit plans and unrealized losses on short-term investments, net | ' | ' | ' | ' | ' | -2,195 | -2,195 | |
Stock options and restricted stock issued to employees as compensation | ' | ' | ' | 960 | ' | ' | 960 | |
Restricted stock issued to employees | ' | ' | 1 | ' | ' | ' | 1 | |
Restricted stock issued to employees, shares | ' | ' | 59,779 | ' | ' | ' | ' | |
Tax benefit for the exercise of stock options | ' | ' | ' | 31 | ' | ' | 31 | |
Treasury stock purchased | -1,492 | ' | ' | ' | ' | ' | -1,492 | |
Treasury stock purchased, shares | 100,202 | ' | ' | ' | ' | ' | ' | |
Stock options exercised | ' | ' | 1 | 1,137 | ' | ' | 1,138 | |
Stock options exercised, shares | ' | ' | 103,319 | ' | ' | ' | ' | |
Dividends: | ' | ' | ' | ' | ' | ' | ' | |
Common | ' | ' | ' | ' | -5,769 | ' | -5,769 | |
Preferred | ' | ' | ' | ' | -25 | ' | -25 | |
Balance at Dec. 31, 2011 | -6,262 | 500 | 62 | 6,191 | 29,364 | -4,979 | 24,876 | |
Balance, shares at Dec. 31, 2011 | 735,391 | 5,000 | 6,217,839 | ' | ' | ' | ' | |
Net loss | ' | ' | ' | ' | -10,889 | ' | -10,889 | [1] |
Change in pension and postretirement benefit plans and unrealized losses on short-term investments, net | ' | ' | ' | ' | ' | 980 | 980 | |
Stock options and restricted stock issued to employees as compensation | ' | ' | ' | 867 | ' | ' | 867 | |
Restricted stock issued to employees | ' | ' | 1 | ' | ' | ' | 1 | |
Restricted stock issued to employees, shares | ' | ' | 40,614 | ' | ' | ' | ' | |
Tax benefit for the exercise of stock options | ' | ' | ' | -31 | ' | ' | -31 | |
Treasury stock purchased | -1,224 | ' | ' | ' | ' | ' | -1,224 | |
Treasury stock purchased, shares | 82,309 | ' | ' | ' | ' | ' | ' | |
Stock options exercised | ' | ' | 1 | 676 | ' | ' | 677 | |
Stock options exercised, shares | ' | ' | 45,610 | ' | ' | ' | ' | |
Reclassification of puttable common stock | ' | ' | 2 | 4,123 | ' | ' | 4,125 | |
Reclassification of puttable common stock, shares | ' | ' | 272,479 | ' | ' | ' | ' | |
Dividends: | ' | ' | ' | ' | ' | ' | ' | |
Common | ' | ' | ' | ' | -6,259 | ' | -6,259 | |
Preferred | ' | ' | ' | ' | -25 | ' | -25 | |
Balance at Dec. 31, 2012 | -7,486 | 500 | 66 | 11,826 | 12,191 | -3,999 | 13,098 | |
Balance, shares at Dec. 31, 2012 | 817,700 | 5,000 | 6,576,542 | ' | ' | ' | ' | |
Net loss | ' | ' | ' | ' | -646 | ' | -646 | |
Change in pension and postretirement benefit plans and unrealized losses on short-term investments, net | ' | ' | ' | ' | ' | 2,563 | 2,563 | |
Stock options and restricted stock issued to employees as compensation | ' | ' | ' | 1,453 | ' | ' | 1,453 | |
Restricted stock issued to employees | ' | ' | 4 | ' | ' | ' | 4 | |
Restricted stock issued to employees, shares | ' | ' | 394,084 | ' | ' | ' | ' | |
Treasury stock purchased | -126 | ' | ' | ' | ' | ' | -126 | |
Treasury stock purchased, shares | 12,023 | ' | ' | ' | ' | ' | ' | |
Dividends: | ' | ' | ' | ' | ' | ' | ' | |
Common | ' | ' | ' | ' | -3,315 | ' | -3,315 | |
Preferred | ' | ' | ' | ' | -25 | ' | -25 | |
Balance at Dec. 31, 2013 | ($7,612) | $500 | $70 | $13,279 | $8,205 | ($1,436) | $13,006 | |
Balance, shares at Dec. 31, 2013 | 829,723 | 5,000 | 6,970,626 | ' | ' | ' | ' | |
[1] | The Company recorded an additional $1.4 milion in tax expense, compared to what was previously reported in its Annual Report on Form 10-K/A for the year ended December 31, 2012 (see Note 1). |
Consolidated_Statements_Of_Sha1
Consolidated Statements Of Shareholders' Equity (Parenthetical) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Consolidated Statements Of Sahreholders' Equity [Abstract] | ' | ' | ' |
Common dividend, per share | $0.54 | $1.08 | $1.04 |
Preferred dividend, per share | $5 | $5 | $5 |
Restatement_Of_Consolidated_Fi
Restatement Of Consolidated Financial Statements | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2012 | |||||||||||||||||||
Restatement Of Consolidated Financial Statements [Abstract] | ' | ||||||||||||||||||
Restatement Of Consolidated Financial Statements | ' | ||||||||||||||||||
NOTE 1: RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS | |||||||||||||||||||
On March 14, 2014, the Audit Committee of the Board of Directors (the "Audit Committee") of the Company, in consultation with management, determined that, due to an error in the application of U.S. generally accepted accounting principles ("GAAP") for income taxes related to the determination of the valuation allowance needed to reflect its deferred tax assets at the amount that is more than likely than not realizable, the Company's previously filed consolidated financial statements and related financial statement schedules as of and for the year ended December 31, 2012, contained in the Company's Annual Report on Form 10-K/A for the year ended December 31, 2012, should be restated. In addition, the Audit Committee concluded that, due to similar errors in income tax accounting, the condensed interim financial statements as of March 31, 2013, June 30, 2013 and September 30, 2013 included in the Company's Quarterly Reports on Forms 10-Q for the respective fiscal quarters then ended should be restated. | |||||||||||||||||||
Effects of the Restatement | |||||||||||||||||||
The following tables provide a summary of selected line items from the Company's consolidated statement of operations, consolidated statement of comprehensive income (loss), consolidated statement of cash flows and consolidated statement of shareholders' equity for the year ended December 31, 2012 and consolidated balance sheet as of December 31, 2012 affected by this restatement. The restatement impacted the consolidated statement of operations for the three months ended December 31, 2012, and, therefore, no restatement was required for any interim periods prior to the three month period ended December 31, 2012. The restatement impacted the condensed consolidated statements of operations and statements of comprehensive income (loss) for the three months ended March 31, 2013, for the three and six months ended June 30, 2013, and for the three and nine months ended September 30, 2013, and the condensed consolidated statements of cash flows for the three, six and nine months ended March 31, 2013, June 30, 2013 and September 30, 2013, respectively, and the condensed consolidated balance sheets as of March 31, 2013, June 30, 2013, and September 30, 2013 (see Note 18). | |||||||||||||||||||
CONSOLIDATED STATEMENT OF OPERATIONS | |||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||
($ in thousands, except per share amounts) | |||||||||||||||||||
Correction of | |||||||||||||||||||
As previously reported | Income Taxes | As restated | |||||||||||||||||
Income tax expense (benefit) | $ | (4,481 | ) | $ | 1,437 | $ | (3,044 | ) | |||||||||||
Net loss | (9,452 | ) | (1,437 | ) | (10,889 | ) | |||||||||||||
Net loss applicable to common stock | (9,477 | ) | (1,437 | ) | (10,914 | ) | |||||||||||||
Basic loss per common share | (1.66 | ) | (0.25 | ) | (1.91 | ) | |||||||||||||
Diluted loss per common share | (1.66 | ) | (0.25 | ) | (1.91 | ) | |||||||||||||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||
($ in thousands) | |||||||||||||||||||
Correction of | |||||||||||||||||||
As previously reported | Income Taxes | As restated | |||||||||||||||||
Net loss | $ | (9,452 | ) | $ | (1,437 | ) | $ | (10,889 | ) | ||||||||||
Comprehensive loss | (8,472 | ) | (1,437 | ) | (9,909 | ) | |||||||||||||
CONSOLIDATED BALANCE SHEET | |||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||
($ in thousands) | |||||||||||||||||||
Correction of | |||||||||||||||||||
As Previously Reported | Deferred Taxes | As Restated | |||||||||||||||||
Current assets: | |||||||||||||||||||
Prepaid income taxes | $ | 1,222 | $ | (298 | ) | $ | 924 | ||||||||||||
Deferred income taxes | 268 | (151 | ) | 117 | |||||||||||||||
Total current assets | 8,453 | (449 | ) | 8,004 | |||||||||||||||
Long-term assets: | |||||||||||||||||||
Deferred income taxes | 874 | (874 | ) | - | |||||||||||||||
Total assets | 43,445 | (1,323 | ) | 42,122 | |||||||||||||||
Long-term liabilities: | |||||||||||||||||||
Deferred income taxes | - | 114 | 114 | ||||||||||||||||
Total liabilities | 28,910 | 114 | 29,024 | ||||||||||||||||
Retained earnings | 13,628 | (1,437 | ) | 12,191 | |||||||||||||||
Total shareholders' equity | 14,535 | (1,437 | ) | 13,098 | |||||||||||||||
Total liabilities and shareholders' equity | 43,445 | (1,323 | ) | 42,122 | |||||||||||||||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||
($ in thousands) | |||||||||||||||||||
Correction of | |||||||||||||||||||
As Previously Reported | Income Taxes | As Restated | |||||||||||||||||
Net loss | $ | (9,452 | ) | $ | (1,437 | ) | $ | (10,889 | ) | ||||||||||
Deferred income taxes | (3,949 | ) | 1,139 | (2,810 | ) | ||||||||||||||
Prepaid income taxes | 1,493 | 298 | 1,791 | ||||||||||||||||
Net cash used in operating activities | (2,583 | ) | - | (2,583 | ) | ||||||||||||||
CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY | |||||||||||||||||||
As previously reported | Correction of income taxes | As restated | |||||||||||||||||
Retained | Retained | Retained | |||||||||||||||||
Earnings | Total Shareholders' Equity | Earnings | Total Shareholders' Equity | Earnings | Total Shareholders' Equity | ||||||||||||||
($ in thousands) | |||||||||||||||||||
Balance, December 31, 2011 | $ | 29,364 | $ | 24,876 | $ | - | $ | - | $ | 29,364 | $ | 24,876 | |||||||
Net losss for the year | (9,452 | ) | (9,452 | ) | (1,437 | ) | (1,437 | ) | (10,889 | ) | (10,889 | ) | |||||||
Balance, December 31, 2012 | 13,628 | 14,535 | (1,437 | ) | (1,437 | ) | 12,191 | 13,098 | |||||||||||
Nature_Of_Operations_And_Criti
Nature Of Operations And Critical Accounting Policies And Estimates | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Nature Of Operations And Critical Accounting Policies And Estimates [Abstract] | ' | |||||||||
Nature Of Operations And Critical Accounting Policies And Estimates | ' | |||||||||
NOTE 2: NATURE OF OPERATIONS AND CRITICAL ACCOUNTING POLICIES AND ESTIMATES | ||||||||||
Nature of Operations | ||||||||||
Alteva, Inc., formerly known as Warwick Valley Telephone Company, ("Alteva," or the "Company") is a cloud-based communications company that provides Unified Communications ("UC") solutions and enterprise hosted Voice over Internet Protocol ("VoIP") and operates as a regional Incumbent Local Exchange Carrier ("ILEC") in southern Orange County, New York and northern New Jersey. Unless otherwise indicated or unless the context requires, all references to the Company means the Company and its wholly-owned subsidiaries. The Company delivers cloud-based UC solutions including VoIP hosted Microsoft Communication Services, fixed mobile convergence and advanced voice applications for a broad customer base including, medium and large-sized businesses and enterprise business customers. The Company's ILEC operations consist of providing local and toll telephone service to residential and business customers, Internet high-speed broadband service, and satellite television services provided by DIRECTV. | ||||||||||
On January 22, 2013, the Company announced that it would begin conducting business under the name Alteva and on May 16, 2013 the shareholders approved the proposal to amend the Company's certificate of incorporation to change its name to Alteva, Inc. On February 4, 2013 in conjunction with the Company doing business as Alteva, the Company's ticker symbol on the NYSE MKT exchange was changed from WVT to ALTV. | ||||||||||
Basis of Presentation | ||||||||||
The accompanying consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with U.S. GAAP. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All material intercompany transactions and balances have been eliminated in the consolidated financial statements | ||||||||||
The Company's interest in the Orange County-Poughkeepsie Limited Partnership ("O-P") is accounted for under the equity method of accounting (Note 10). | ||||||||||
Use of Estimates | ||||||||||
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reported period. Significant estimates include, but are not limited to, depreciation expense, allowance for doubtful accounts, long-lived assets, pension and postretirement expenses, Telephone revenue realized under pooling arrangements, and income taxes. Actual results could differ from those estimates. | ||||||||||
Revenue Recognition | ||||||||||
The Company derives its revenue from the sale of UC services as well as traditional telephone services. | ||||||||||
The Company recognizes revenue when (i) persuasive evidence of an arrangement between the Company and the customer exists, (ii) the delivery of the product to the customer has occurred or service has been provided to the customer, (iii) the price to the customer is fixed or determinable, and (iv) collectability of the sales or service price is reasonably assured. Revenue is reported net of all applicable sales tax. | ||||||||||
UC | ||||||||||
The Company's UC services and solutions consist primarily of its hosted VoIP UC system, certain UC applications, and other professional services associated with the installation and activation. Additionally, the Company offers customers the ability to purchase telephone equipment from the Company directly or independently from external vendors. | ||||||||||
Multiple element arrangements primarily include the sale of telephone equipment, along with professional services associated with installation, activation and implementation services, as well as follow on hosting services. The Company has concluded that the separate units of accounting in these arrangements consist of (i) the telephone equipment sale and (ii) the professional services provided combined with the follow on hosting services. The professional services provided do not constitute a separate unit of accounting as they do not have value to the customer on a stand-alone basis. Arrangement consideration is allocated to the separate units of accounting based on the relative selling price. The selling price for telephone equipment is based on third-party evidence representing list prices for similar equipment when sold a stand-alone basis. The selling price for professional and hosting services is based on the Company's best estimate of selling price (BESP). The Company develops its BESP by considering pricing practices, margin, competition and overall market trends | ||||||||||
The Company bills a portion of its monthly recurring hosted service revenue a month in advance. Any amounts billed and collected, but for which the service is not yet delivered, are included in deferred revenue. These amounts are recognized as revenues only when the service is delivered. | ||||||||||
Equipment sales associated with the sale of telephone equipment is recognized upon delivery to the customer, as it is considered to be a separate earnings process. The sales are recognized on a gross basis, as the Company is considered the principal obligor in customer transactions among other considerations. Other upfront fees, excluding equipment, along with associated costs, up to but not exceeding these fees, are deferred and recognized over the estimated life of the customer relationship. The Company has estimated its customer relationship life at eight years and evaluates it periodically for continued appropriateness. | ||||||||||
Telephone | ||||||||||
Revenue is earned from monthly billings to customers for local voice services, long distance, DSL, Internet services, hardware and other services. Revenue is also derived from charges for network access to the local exchange telephone network from subscriber line charges and from contractual arrangements for services such as billing and collection and directory advertising. Revenue is recognized in the period in which service is provided to the customer. Directory advertising revenue is recorded ratably over the life of the directory. With multiple billing cycles, the Company accrues revenue earned but not yet billed at the end of a quarter. The Company also defers services billed in advance and recognizes them as income when earned. | ||||||||||
The Telephone Segment markets competitive service bundles which may include multiple deliverables. The base bundles consist of voice services (including a business or residential phone line), calling features and long distance services and customers may choose to add internet services to a base bundle package. Separate units of accounting within the bundled packages include voice services, long distance and Internet services. Revenue for all services included in bundles are recognized over the same service period, which is the time period in which the service is provided to the customer. | ||||||||||
Certain revenue is realized under pooling arrangements with other service providers and is divided among the companies based on respective costs and investments to provide the services. The companies that take part in pooling arrangements may adjust their costs and investments for a period of two years, which causes the funds distributed by the pool to be adjusted retroactively. The Company believes that recorded amounts represent reasonable estimates of the final distribution from these pools. However, to the extent that the companies participating in these pools make adjustments, there will be corresponding adjustments to the Company's recorded revenue in future periods. | ||||||||||
Revenue from these pooling arrangements which includes Universal Service Funds ("USF") and National Exchange Carrier Association ("NECA") pool settlements, accounted for 5%, 8% and 11% of the Company's consolidated revenues for the years December 31, 2013, 2012 and 2011, respectively. | ||||||||||
Allowance for Uncollectible Accounts | ||||||||||
The Company maintains allowances for estimated losses resulting from the inability of specific customers to meet their financial obligations to the Company. A specific reserve for doubtful receivables is recorded against the amount due from these customers. For all other customers, the Company recognizes reserves for doubtful receivables based on the length of time specific receivables are past due based on past experience. Uncollectible accounts are charged against the allowance for doubtful accounts and subsequent cash recoveries of previously written-off bad debts are credited to the account. | ||||||||||
The following is a schedule of allowance for uncollectible accounts for the years ended December 31, 2013, 2012 and 2011: | ||||||||||
2013 | 2012 | 2011 | ||||||||
Balance at the beginning of the year | $ | 638 | $ | 759 | 350 | |||||
Additions (reductions) charges to expense | (125 | ) | 672 | 534 | ||||||
Recoveries of previous write offs | 97 | 24 | 44 | |||||||
Current period write offs | (232 | ) | (817 | ) | (169 | ) | ||||
Balance at the end of the year | $ | 378 | $ | 638 | $ | 759 | ||||
Advertising and Promotional Costs | ||||||||||
Advertising and promotional costs are expensed as incurred. Advertising and promotional expenses were $1.1 million, $1.0 million, and $1.1 million for 2013, 2012 and 2011, respectively. | ||||||||||
Income Taxes | ||||||||||
The Company records deferred taxes that arise from temporary differences between the financial statement and the tax basis of assets and liabilities. Deferred taxes are classified as current or non-current, depending on the classification of the assets and liabilities to which they relate. Deferred tax assets and deferred tax liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment. The Company's deferred taxes result principally from differences in the timing of depreciation and in the accounting for pensions and other postretirement benefits. | ||||||||||
The process of providing for income taxes and determining the related balance sheet accounts requires management to assess uncertainties, make judgments regarding outcomes and utilize estimates. Management must make judgments currently about such uncertainties and determine estimates of the Company's tax assets and liabilities. To the extent the final outcome differs, future adjustments to the Company's tax assets and liabilities may be necessary. | ||||||||||
The Company assesses the realizability of its deferred tax assets, taking into consideration future reversals of existing temporary differences, the Company's forecast of future taxable income principally arising from its O-P put (see Note 10), and available tax planning strategies that could be implemented to realize the deferred tax assets. Based on this assessment, management must evaluate the need for, and the amount of, valuation allowances against the Company's deferred tax assets. To the extent facts and circumstances change in the future, adjustments to the valuation allowances may be required. | ||||||||||
Accounting for uncertainty in income taxes requires uncertain tax positions to be classified as non-current income tax liabilities unless they are expected to be paid within one year. The Company has adopted the accounting guidance for uncertain tax positions and has concluded that there are no uncertain tax positions requiring recognition in its consolidated financial statements as of December 31, 2013 and 2012. The Company recognizes interest accrued related to unrecognized tax benefit in interest expenses. | ||||||||||
Property, Plant and Equipment | ||||||||||
The Company records property, plant and equipment at cost or fair market value for its acquired properties resulting from a business acquisition. Construction costs, labor and applicable overhead costs related to installations, and interest during construction are capitalized. Costs of maintenance and repairs of property, plant and equipment are charged to operating expense. The estimated useful life of support equipment (vehicles, computers, etc.) ranges from 3 to 19 years. The estimated useful lives of communication and network equipment range from 10 to 15 years. The estimated useful lives of Internet equipment range from 3 to 5 years. The estimated useful lives of buildings and other support equipment range from 14 to 50 years. Depreciation expense is computed using the straight-line method. | ||||||||||
Materials and Supplies | ||||||||||
The Company's materials and supplies are carried at average cost, net of reserves for obsolescence, and consist principally of telephone equipment, telephone pole and wiring spare parts and other ancillary equipment for resale. | ||||||||||
Cash and Cash Equivalents | ||||||||||
The Company considers all highly liquid instruments with an initial maturity from the date of purchase of three months or less to be cash equivalents. Cash equivalents consist primarily of money market mutual funds. The Company places its cash in a limited number of financial institutions. The balances are insured by the Federal Deposit Insurance Corporation up to $0.25 million. At times, the deposits in banks may exceed the amount of insurance provided on such deposits. The Company monitors the financial health of those banking institutions. Historically, the Company has not experienced any losses on deposits. | ||||||||||
Fair Value of Financial Instruments | ||||||||||
As of December 31, 2013 and 2012, the Company's financial instruments consisted of cash, cash equivalents, short-term investments, accounts receivable, accounts payable, and debt. The Company believes that the carrying values of cash, cash equivalents, short-term investments, accounts receivable and accounts payable at December 31, 2013 and 2012 approximated fair value due to their short-term maturity. Based on the borrowing rates currently available to the Company for loans of similar terms, the Company has determined that the carrying value of its debt approximates fair value. | ||||||||||
Goodwill | ||||||||||
Goodwill represents the excess of the purchase price of an acquired business over the net fair value of identifiable assets acquired and liabilities assumed. Goodwill is not amortized, rather tested for impairment at least annually. The Company's impairment testing for goodwill is performed annually on December 31, or whenever events or circumstances indicate that there may be impairment. For the purpose of the goodwill impairment test, the Company can elect to perform a qualitative analysis to determine if it is more likely than not that the fair values of its reporting units are less than the respective carrying values of those reporting units. The Company elected to bypass performing the qualitative screen and went directly to performing the first step quantitative analysis of the goodwill impairment test in the current year. The first step in the quantitative process is to compare the carrying amount of the reporting unit's net assets to the fair value of the reporting unit. If the fair value exceeds the carrying value, no further evaluation is required and no impairment loss is recognized. If the carrying amount exceeds the fair value, then the second step must be completed, which involves allocating the fair value of the reporting unit to each asset and liability, with the excess being implied goodwill. An impairment loss occurs if the amount of the recorded goodwill exceeds the implied goodwill. The Company would be required to record any such impairment losses. | ||||||||||
Seat Licenses and Other Intangible Assets | ||||||||||
Seat license are amortized by the straight-line method over their useful lives of 5 years. Other intangible assets that have finite useful lives are amortized by the straight-line method over their useful lives ranging from 3 to 15 years. | ||||||||||
Impairment of Long-Lived Assets | ||||||||||
The Company reviews business conditions to determine the recoverability of the carrying value of its long-lived assets, seat licenses and other intangibles on a periodic basis in order to identify business conditions that may indicate a possible impairment. The assessment for potential impairment is based primarily on the Company's ability to recover the carrying value of its long-lived assets from expected future undiscounted cash flows. If total expected future undiscounted cash flows are less than the carrying value of the assets, a loss is recognized for the difference between the fair value (computed based upon the expected market value or future discounted cash flows) and the carrying value of the assets. The Company periodically performs evaluations of the recoverability of the carrying value of its long-lived assets using gross undiscounted cash flow projections. The cash flow projections include long-term forecasts of revenue growth, gross margins and capital expenditures. All of these items require significant judgment and assumptions. The Company believes its estimates are reasonable, based on information available at the time they were made (see Note 8). However, if the estimates of future cash flows are different, the Company may conclude that some of its long-lived assets were not recoverable, which would likely cause the Company to record a material impairment charge. Also, if future cash flows are significantly lower than projections, the Company may determine at some future date that all or a portion of its long-lived assets are not recoverable. | ||||||||||
Pension and Postretirement Obligations | ||||||||||
The Company follows ASC Topic 715, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans. This guidance requires the recognition of the funded status of a benefit plan, measured as the difference between plan assets at fair value and the benefit obligation, in its balance sheet. For a pension plan, the benefit obligation is the projected benefit obligation; for any other postretirement benefit plan, such as a retiree health care plan, the benefit obligation is the accumulated postretirement benefit obligation. The Company is also required to recognize as a component of accumulated other comprehensive loss changes to the balances of the unrecognized prior service cost and the unrecognized actuarial loss, net of income taxes that arise during the period. The Company is also required to measure defined benefit plan assets and obligations as of the date of the Company's year-end. | ||||||||||
Stock-Based Compensation | ||||||||||
The Company measures the cost of employee services received in exchange for the award of an equity instrument based on the grant-date fair value of the award, with such cost recognized over the applicable vesting period. | ||||||||||
Restricted Stock | ||||||||||
The fair value of restricted stock is based on the closing market price of the Company's common stock on the day before the date of grant. These awards generally vest, and are settled in common stock, over a 3 year period from the date of grant. The Company recognizes compensation expense using the straight-line method over the life of the restricted stock. | ||||||||||
Stock Options | ||||||||||
The fair value of the options granted is estimated at the date of grant using the Black-Scholes option-pricing model utilizing assumptions based on historical data and current market data. The assumptions include expected term of the options, risk-free interest rate, expected volatility, and dividend yield. The expected term represents the expected amount of time that options granted are expected to be outstanding. The Company used the simplified method as the Company's Long-Term Incentive Plan was put in place in 2008 and does not have enough exercises to generate a historical trend. The interest rate is based U.S. Treasury yield curve at the time of grant with a term equal to the expected term of the option. Expected volatility is estimated using historical volatility rates based on historical monthly price changes. The Company's dividend yield is based on historical data. The Company recognizes compensation expense using the straight-line method over the vesting period of the options. | ||||||||||
Fair Value | ||||||||||
Fair value is the estimated price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company is required by accounting standards to provide the disclosure framework for measuring fair value and expanded disclosure about fair value measurements. Fair value measurements are classified and disclosed in one of the following categories: | ||||||||||
Level 1: | Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. The Company considers active markets as those in which transactions for the assets or liabilities occur in sufficient frequency and volume to provide pricing information on an ongoing basis. | |||||||||
Level 2: | These are inputs, other than quoted prices that are included in Level 1, which are observable in the marketplace throughout the term of the assets or liabilities, can be derived from observable data, or supported by observable levels at which transactions are executed in the marketplace. | |||||||||
Level 3: | Measured based on prices or valuation models that require inputs that are both significant to the fair value measurement and less observable from objective sources (i.e. supported by little or no market activity). The Company does not have sufficient corroborating evidence to support classifying these assets and liabilities as Level 1 or Level 2. | |||||||||
Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels. | ||||||||||
The Company measured its pension and postretirement plan assets at fair value as of December 31, 2013 and 2013 (see Note 12). The Company does not have any other financial assets or liabilities measured at fair value on a recurring basis. | ||||||||||
Reclassifications | ||||||||||
Certain items in 2012 and 2011 in the Consolidated Statement of Comprehensive Loss and pension plans and other postretirement obligations footnote (see Note 13) have been reclassified to conform with 2013 presentation. | ||||||||||
Business_Restructuring
Business Restructuring | 12 Months Ended |
Dec. 31, 2013 | |
Business Restructuring [Abstract] | ' |
Business Restructuring | ' |
NOTE 3: BUSINESS RESTRUCTURING | |
As part of its efforts to improve performance of the UC segment, the Company initiated a restructuring of its business by disposing of its Syracuse, New York operations. The Company analyzed and determined that the disposal was not a component of an entity and did not qualify for discontinued operations treatment. Effective September 1, 2013, the Company sold certain assets of its wholly-owned subsidiary Alteva of Syracuse, Inc. to a third-party for approximately $0.6 million. The Company recorded a $0.4 million loss in the year ended December 31, 2013 relating to the exiting of the Syracuse operations, which included a $0.1 million write down of goodwill. | |
Business_Acquisition
Business Acquisition | 12 Months Ended |
Dec. 31, 2013 | |
Business Acquisition [Abstract] | ' |
Business Acquisition | ' |
NOTE 4: BUSINESS COMBINATIONS | |
On August 5, 2011, a wholly-owned subsidiary of the Company purchased substantially all of the assets and assumed certain of the liabilities (including certain of its contracts, debt owed under specified capital leases and certain accounts payable) of Alteva, LLC, a cloud-based UC solutions provider and enterprise hosted VoIP provider, in exchange for cash and stock valued at $17.8 million pursuant to the terms of the asset purchase agreement between the Company and Alteva, LLC (the "Alteva Agreement"). The issuance of the Company's common stock contemplated under the Alteva Agreement was subject to regulatory approval by the New York State Public Service Commission ("NYPSC") and the New Jersey Board of Public Utilities ("NJBPU"), both of which approved the transaction in October 2011. The assets acquired included Alteva, LLC's VoIP line of business, which provides communication services for commercial customers and unified communication lines of business. This acquisition extended the Company's VoIP services to New Jersey, Pennsylvania and various other states and continues the Company's corporate strategy to expand its UC business. | |
The results of Alteva LLC's operations have been included in the Company's consolidated financial statements since August 5, 2011. The Company incurred $0.8 million of acquisition-related costs as general and administrative expenses in the consolidated statement of operations for the year ended December 31, 2011. The revenue from the Alteva business included in the Company's statement of operations for the five months (since August 2011) ended December 31, 2011 was $3.1 million and the net loss before income taxes was $0.7 million. | |
The purchase price was allocated to the assets acquired and liabilities assumed based on their fair values on the acquisition date. The excess of the purchase consideration over the fair value of the net assets acquired has been allocated to goodwill. The Company engaged a third-party valuation group to assist them in the valuation of the assets acquired and liabilities assumed. | |
In connection with the Company's acquisition of substantially all of the assets and assumption of certain liabilities of Alteva, LLC, the members of Alteva, LLC were granted shares of the Company's common stock as partial consideration in the acquisition (the "Alteva Shares"). All the members of Avetla, LLC, except for David Cuthbert (the "Selling Holders") agreed to shares containing price protection in which if they sold their shares in one or more blocks prior to October 22, 2012 the Company would pay the difference between the price at exercise and $14.68. The Selling Holders sold all of their Alteva Shares in a block trade on September 21, 2012 for $12.55 per share, resulting in a payment by the Company to the selling shareholders of $0.5 million in October 2012. The expense recorded in connection with this liability was included in other income (expense), net in the statement of operations for the year ended December 31, 2012. Mr. Cuthbert entered into a separate agreement in which he could sell his Alteva Shares at $14.68 from October 21, 2012 to December 20, 2012. Mr. Cuthbert sold his Alteva Shares on October 21, 2012, in which the Company paid Mr. Cuthbert $0.4 million. | |
The customer relationships intangible asset has a weighted-average useful life of eight years and the trade name intangible asset has an estimated useful life of 15 years. In addition, the Company recorded goodwill in the amount of $9.1 million as of August 5, 2011. For tax purposes goodwill will be amortized over 15 years. | |
New_Accounting_Pronouncements
New Accounting Pronouncements | 12 Months Ended |
Dec. 31, 2013 | |
New Accounting Pronouncements [Abstract] | ' |
New Accounting Pronouncements | ' |
NOTE 5: NEW ACCOUNTING PRONOUNCEMENTS | |
In December 2011, an ASU regarding balance sheet disclosures of offsetting assets and liabilities was issued and the scope was clarified in January 2013. This update requires disclosure on information about offsetting and related arrangements to enable users of an entity's financial statements to understand the effect of those arrangements on its financial position. This applies to derivatives accounted for in accordance with Topic 815, included bifurcated embedded instruments, repurchase agreements and reverse repurchase agreements and securities borrowings and securities lending transactions. The Company adopted this standard effective January 1, 2013 and it did not have a material impact on its disclosures or consolidated financial statements. | |
In February 2013, an ASU regarding the reporting of amounts reclassified out of accumulated other comprehensive income was issued. This update requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. GAAP. The Company adopted this standard effective January 1, 2013. | |
Goodwill
Goodwill | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Goodwill Amd Intangible Assets[Abstract] | ' | |||||
Goodwill | ' | |||||
NOTE 6: GOODWILL | ||||||
The Company's impairment testing for goodwill is performed annually on December 31, or whenever events or circumstances indicate that there may be an impairment. The Company has determined that its operating segments are the applicable reporting units because they are the lowest level at which discrete, reliable financial and cash flow information is regularly reviewed by segment management. For the purpose of the goodwill impairment test, the Company can elect to perform a qualitative analysis to determine if it is more likely than not that the fair values of its reporting units are less than the respective carrying values of those reporting units. If, after assessing the qualitative factors, a company determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying value, then performing the two-step impairment test is unnecessary. However, if a company concludes otherwise, then it is required to perform the first step of the two-step goodwill impairment test. If the carrying value of a reporting unit exceeds its fair value, then a company is required to perform the second step of the two-step goodwill impairment test. | ||||||
The following table presents details of the Company's goodwill: | ||||||
As of December 31, | ||||||
2013 | 2012 | |||||
($ in thousands) | ||||||
Beginning of year, Goodwill - Unified Communications | $ | 9,121 | $ | 9,121 | ||
Disposals | (115 | ) | - | |||
End of year, Goodwill - Unified Communications | $ | 9,006 | $ | 9,121 | ||
For its 2013 goodwill impairment testing, the Company elected to bypass performing the qualitative screen and went directly to performing the first step quantitative analysis of the goodwill impairment test in the current year, primarily due to the UC segment's historical operating losses that have been generated since the goodwill was acquired in August 2011. Management believes that these operating losses were a result of the investments made to support the future growth of the UC segment and are not indicative of the future operating performance of the UC segment. | ||||||
The estimated fair value of the Company's UC reporting unit is based on a weighting of the income and market approaches, with significant weighting given to the income approach. The Company principally relied on a discounted cash flow analysis to determine the fair value of the UC reporting unit, which considers forecasted cash flows discounted at an appropriate discount rate. The Company believes that market participants would use a discounted cash flow analysis to determine the fair value of its reporting units in a sale transaction. The annual goodwill impairment test requires us to make a number of assumptions and estimates concerning future levels of revenue growth, operating margins, depreciation, amortization and working capital requirements, which are based upon the Company's long-range plan. The Company's long-range plan is updated as part of its annual planning process and is reviewed and approved by management. The growth rates are based upon the UC segment's historical performance and the future expectations of the unified communications industry. The future profitability is based upon the Company's estimated expenses required to obtain and support the estimated revenue growth, and the UC segment's ability to leverage its current infrastructure. The UC segment and unified communications industry have experienced strong growth in recent years. The discount rate is an estimate of the overall after-tax rate of return required by a market participant, whose weighted average cost of capital includes both equity and debt, including a risk premium. While the Company uses the best available information to prepare its cash flow and discount rate assumptions, actual future cash flows or market conditions could differ significantly resulting in future impairment charges related to recorded goodwill balances. In order to evaluate the sensitivity of the goodwill impairment test to changes in the fair value calculations, the Company applied a hypothetical 20% decrease in fair value of the UC reporting unit. The 2013 results (expressed as a percentage of carrying value for the unit) showed that, despite the hypothetical 20% decrease in fair value, the fair value of the Company's UC reporting unit still exceeded the carrying value by over 10%. | ||||||
Seat_Licenses_And_Other_Intang
Seat Licenses And Other Intangible Assets | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Goodwill Amd Intangible Assets[Abstract] | ' | ||||||||
Seat Licenses And Other Intangible Assets | ' | ||||||||
NOTE 7: SEAT LICENSES AND OTHER INTANGIBLE ASSETS | |||||||||
The components of seat licenses are as follows: | |||||||||
Gross | Accumulated | Net | |||||||
($ in thousands) | Value | Amortization | Value | ||||||
As of December 31, 2013 | |||||||||
Seat licenses | $ | 2,606 | $ | (857 | ) | $ | 1,749 | ||
Gross | Accumulated | Net | |||||||
($ in thousands) | Value | Amortization | Value | ||||||
As of December 31, 2012 | |||||||||
Seat licenses | $ | 2,072 | $ | (558 | ) | $ | 1,514 | ||
The amortization expense is recorded in the consolidated statements of operations under depreciation and amortization in the amounts of $0.5 million, $0.3 million and $0.1 million for the years ended December 31, 2013, 2012 and 2011, respectively. In 2013, the Company utilized $0.4 million of capital leases to purchase seat licenses. Terms of these capital leases are up to three years. Amortization of the seat licenses associated with capital leases are included in the depreciation and amortization line of the consolidated statements of operations. | |||||||||
Future amortization expense is expected to be recorded as follows: | |||||||||
Amount | |||||||||
Year | ($ in thousands) | ||||||||
2014 | $ | 507 | |||||||
2015 | 504 | ||||||||
2016 | 416 | ||||||||
2017 | 199 | ||||||||
2018 | 35 | ||||||||
The components of other intangible assets are as follows: | |||||||||
Average Estimated | Gross | Accumulated | Net | ||||||
($ in thousands) | Useful Lives | Value | Amortization | Value | |||||
As of December 31, 2013 | |||||||||
Customer relationships | 8 years | $ | 5,400 | $ | (1,631 | ) | $ | 3,769 | |
Trade name | 15 years | 2,400 | (387 | ) | 2,013 | ||||
Website | 12 years | 79 | (5 | ) | 74 | ||||
Total | $ | 7,879 | $ | (2,023 | ) | $ | 5,856 | ||
Average Estimated | Gross | Accumulated | Net | ||||||
($ in thousands) | Useful Lives | Value | Amortization | Value | |||||
As of December 31, 2012 | |||||||||
Customer relationships | 8 years | $ | 5,400 | $ | (956 | ) | $ | 4,444 | |
Trade name | 15 years | 2,400 | (227 | ) | 2,173 | ||||
Total | $ | 7,800 | $ | (1,183 | ) | $ | 6,617 | ||
The amortization expense is recorded in the consolidated statements of operations under depreciation and amortization in the amounts of $0.8 million, $0.9 million and $0.4 million for the years ended December 31, 2013, 2012, and 2011, respectively. | |||||||||
Future amortization expense is expected to be recorded as follows: | |||||||||
Amount | |||||||||
Year | ($ in thousands) | ||||||||
2014 | $ | 846 | |||||||
2015 | 846 | ||||||||
2016 | 844 | ||||||||
2017 | 839 | ||||||||
2018 | 839 |
Property_Plant_And_Equipment
Property, Plant And Equipment | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Property, Plant And Equipment [Abstract] | ' | ||||
Property, Plant And Equipment | ' | ||||
NOTE 8: PROPERTY, PLANT AND EQUIPMENT | |||||
Property, plant and equipment, at cost, consisted of the following as of December 31, 2013 and 2012: | |||||
As of December 31, | |||||
($ in thousands) | 2013 | 2012 | |||
Land, buildings and other support equipment | $ | 10,777 | $ | 10,647 | |
Network communications equipment | 31,289 | 35,183 | |||
Telephone and online plant | 34,307 | 33,935 | |||
Plant in service | 76,373 | 79,765 | |||
Plant under construction | 24 | 34 | |||
76,397 | 79,799 | ||||
Less: Accumulated depreciation | 62,560 | 63,353 | |||
Property, plant and equipment, net | $ | 13,837 | $ | 16,446 | |
Depreciation expense is based on the straight-line method. Depreciation expense for the years ended December 31, 2013, 2012, and 2011 was $2.5 million, $4.2 million, and $4.8 million, respectively. | |||||
In 2012, the Company determined that there was triggering event in its Telephone segment due to the continued decline in access lines resulting in declining revenue. Accordingly, the Company performed an undiscounted cash flow analysis on its Telephone assets. As the Company did not pass the recoverability test, it proceeded to perform a discounted cash flow to measure the assets fair value. The fair value calculations for the Telephone segment assumed long-term revenue declines ranging from approximately 3 to 7 percent and weighted average cost of capital of approximately 10 percent. The Company's 2012 impairment test for long-lived assets indicated that the carrying value of its Telephone segment exceeded its fair value. | |||||
As a result of the impairment testing, the Company recorded, in operating expenses, a long-lived asset impairment charges of $8.9 million in the Telephone segment in the year ended December 31, 2012. The Company did not record any long-lived impairment charges for the year ended December 31, 2013. | |||||
Severance
Severance | 12 Months Ended |
Dec. 31, 2013 | |
Severance [Abstract] | ' |
Severance | ' |
NOTE 9: SEVERANCE | |
On March 5, 2013, the Company announced the termination of an employment agreement between the Company and Duane W. Albro ("Mr. Albro"), dated December 14, 2011 (the "Employment Agreement"), and the departure of Mr. Albro as Chief Executive Officer of the Company, effective immediately. | |
Under the terms of the separation agreement signed in May 2013, and consistent with the Employment Agreement, Mr. Albro received a lump-sum cash payment of $0.5 million, which represented one year's annual salary and a lump-sum separation benefit, which was paid in the second quarter of 2013. Also under the separation agreement, the Company accelerated the unvested portions of Mr. Albro's equity based awards, which was accounted for as a forfeiture and issuance of new award equivalent to his unvested awards at his departure date. The revaluation of the new awards, along with their immediate vesting, resulted in a nominal recognition of non-cash stock-based expense during the second quarter 2013. | |
On May 21, 2013, the Company announced a reduction in workforce of its Warwick, New York facility of approximately 17% due to the decline in work associated with the Telephone segment. Total expense recognized in selling general and administrative expenses during the second quarter of 2013 related to this reduction was $0.3 million. As of December 31, 2013, the liability reported in other accrued expenses was $0.2 million, which the Company expects to pay-out through August 2014. | |
Orange_CountyPoughkeepsie_Limi
Orange County-Poughkeepsie Limited Partnership | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Orange County-Poughkeepsie Limited Partnership [Abstract] | ' | ||||||
Orange County-Poughkeepsie Limited Partnership | ' | ||||||
NOTE 10: ORANGE COUNTY-POUGHKEEPSIE LIMITED PARTNERSHIP | |||||||
The Company is a limited partner in the Orange County-Poughkeepsie Limited Partnership ("O-P") and has an 8.108% limited partnership interest as of December 31, 2013 and 2012, which is accounted for under the equity method of accounting. The majority owner and general partner of the O-P is Verizon Wireless of the East LP ("Verizon"). | |||||||
On May 26, 2011, the Company entered into an agreement with Verizon and Cellco Partnership, the other limited partner, in the O-P to make certain changes to the O-P partnership agreement which, among other things, specifies that the O-P will provide 4G cellular services (the "4G Agreement"). The 4G Agreement provides that the O-P's business will be converted from a wholesale business to a retail business. The 4G Agreement provided for guaranteed annual cash distributions to the Company from the O-P through 2013. For the years ended December 31, 2013, 2012 and 2011, the Company received annual cash distributions from the O-P of $13.0 million, $13.0 million and $13.6 million, respectively. The 4G Agreement also gives the Company the right (the "Put") to require Verizon to purchase all of the Company's ownership interest in the O-P during April 2013 or April 2014 for an amount equal to the greater of (a) $50.0 million or (b) the product of five (5) times 0.081081 times the O-P's EBITDA, as defined in the 4G Agreement for the calendar year preceding the exercise of the Put. | |||||||
The Company currently intends to exercise the Put option in April 2014. The gross proceeds of the Put are expected to be $50.0 million and are expected to be used to pay taxes on the related gain, repay outstanding senior debt, fund working capital needs and support growth initiatives. | |||||||
Pursuant to the equity method accounting of the Company's investment income, the Company is required to record the income from the O-P as an increase to the Company's investment account. The Company is required to apply the cash payments made under the 4G Agreement as a return on its investment when received. As a result of receiving the fixed guaranteed cash distributions from the O-P in excess of the Company's proportionate share of the O-P income, the investment account was reduced to zero within the first six months of 2012. Thereafter, the Company recorded the fixed guaranteed cash distributions that were received from the O-P in excess of the proportionate share of the O-P income directly to the Company's statement of operations as other income. | |||||||
The following summarizes the income statement for the years ended December 31, 2013, 2012 and 2011 that O-P provided to the Company: | |||||||
For the Years Ended December 31, | |||||||
($ in thousands) | 2013 | 2012 | 2011(1) | ||||
Net revenue | $ | 331,278 | $ | 310,416 | $ | 273,340 | |
Cellular service cost | 156,699 | 151,712 | 122,142 | ||||
Operating expenses | 84,927 | 81,152 | 53,832 | ||||
Operating income | 89,652 | 77,552 | 97,366 | ||||
Other income | 27 | 14 | 40 | ||||
Net income | $ | 89,679 | $ | 77,566 | $ | 97,406 | |
Company share | $ | 7,271 | $ | 6,290 | $ | 7,898 | |
(1) The twelve months ended December 31, 2011 income statement represents five months of the O-P operating as a wholesale business and seven months of the O-P operating as a retail business in accordance with Amendment 6 to the O-P Limited Partnership Agreement effective May 1, 2011. | |||||||
The following summarizes the balance sheet as of December 31, 2013 and 2012 that O-P provided to the Company: | |||||||
As of December 31, | |||||||
($ in thousands) | 2013 | 2012 | |||||
Current assets | $ | 23,351 | $ | 22,370 | |||
Property, plant and equipment, net | 41,646 | 41,072 | |||||
Other Assets | 365 | - | |||||
Total assets | $ | 65,362 | $ | 63,442 | |||
Total liabilities | $ | 17,887 | $ | 30,162 | |||
Partners' capital | 47,475 | 33,280 | |||||
Total liabilities and partners' capital | $ | 65,362 | $ | 63,442 |
Debt_Obligations
Debt Obligations | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Debt Obligations [Abstract] | ' | ||||
Debt Obligations | ' | ||||
NOTE 11: DEBT OBLIGATIONS | |||||
Debt obligations consisted of the following at December 31: | |||||
As of December 31, | |||||
($ in thousands) | 2013 | 2012 | |||
Short-term debt: | |||||
Capital leases and other borrowings, current portion | $ | 428 | $ | - | |
TriState credit line | 9,698 | - | |||
10,126 | - | ||||
Long-term debt: | |||||
Capital leases and other borrowings | 297 | - | |||
CoBank ACB revolving loan facility | - | 8,595 | |||
Provident Bank credit line | - | 4,000 | |||
TriState credit line | - | 1,500 | |||
297 | 14,095 | ||||
Total debt obligations | $ | 10,423 | $ | 14,095 | |
On March 11, 2013, the Company entered into a new credit agreement with TriState Capital Bank ("TriState") to provide for borrowings up to $17.0 million with the ability to increase the facility for borrowings up to $20.0 million with the participation of another lender (the "Credit Agreement"). All borrowings become due and payable on June 30, 2014. The TriState borrowings incur interest at a variable rate based on either LIBOR or a Base Rate, as defined in the Credit Agreement, plus an applicable margin of 3.50% or 2.00%, respectively. For the year ended December 31, 2013, the effective interest rate on the TriState credit facility was approximately 3.7%. As of December 31, 2013, the Company had $7.3 million available under the Credit Agreement. | |||||
Under the terms of the Credit Agreement, the Company is required to comply with certain loan covenants, which include, but are not limited to, the achievement of certain financial ratios and certain financial reporting requirements. The Company must maintain a consolidated liquidity ratio, as defined in the Credit Agreement, in excess of 1.0 to 1.0, including the value of the Put calculated in accordance with the 4G Agreement, until April 30, 2014. The Company is required to obtain the consent of TriState prior to agreeing to any amendment to the agreements the Company has with the O-P. The Company's obligations under the TriState credit facility are secured by all of the Company's asset and guaranteed by all of the Company's wholly-owned subsidiaries except for the Company's ILEC subsidiary. The ILEC subsidiary entered into a negative pledge agreement with TriState whereby the ILEC subsidiary agreed not to pledge any of its assets as collateral or lien to be placed on any of its assets. | |||||
The Company currently intends to exercise the Put option in April 2014 (see Note 10). A portion of the proceeds of the Put will be used repay the outstanding debt under the TriState credit facility. | |||||
As of December 31, 2012, the Company had three debt facilities. The Company had a revolving loan facility with CoBank, ACB ("CoBank") for $10.0 million with an interest rate (payable quarterly in arrears) at LIBOR plus 4.50%. The interest rate on the outstanding balance under the revolving loan facility with CoBank as of December 31, 2012 was 4.71%. The Company had an unsecured line of credit with Provident Bank ("Provident") of $4.0 million of which the entire amount had been drawn down at December 31, 2012. The interest rate (payable monthly in arrears) on the Provident unsecured line of credit was fixed at 2.50%. The Company had a credit agreement with TriState that provided for borrowings up to $2.5 million, with a variable interest rate based on either LIBOR or a Base Rate, as defined in the Company's credit agreement with TriState, plus an applicable margin 4.0% or 3.0%, respectively. On March 11, 2013, the Company borrowed $15.2 million to repay all borrowings outstanding under the CoBank, Provident and prior TriState credit facilities and retired those facilities. | |||||
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Taxes [Abstract] | ' | ||||||||
Income Taxes | ' | ||||||||
NOTE 12: INCOME TAXES | |||||||||
On March 14, 2014, the Audit Committee of the Board of Directors (the "Audit Committee") of the Company, in consultation with management, determined that, due to an error in the application of U.S. generally accepted accounting principles ("GAAP") for income taxes related to the determination of the valuation allowance needed to reflect its deferred tax assets at the amount that is more than likely than not realizable, the Company's previously filed consolidated financial statements and related financial statement schedules as of and for the year ended December 31, 2012, contained in the Company's Annual Report on Form 10-K/A for the year ended December 31, 2012, should be restated. This conclusion was reached because the Company determined that it overstated its prepaid income taxes and deferred income taxes in the consolidated balance sheet at December 31, 2012 by $0.3 million and $1.1 million, respectively due to the need to increase its valuation allowance, which resulted in an understatement of the net loss reported for the year ended December 31, 2012 by $1.4 million. | |||||||||
In addition, the Audit Committee concluded that, due to similar errors in income tax accounting, the condensed interim financial statements as of March 31, 2013, June 30, 2013 and September 30, 2013 included in the Company's Quarterly Reports on Forms 10-Q for the respective fiscal quarters then ended should be restated. | |||||||||
The federal and state components of the provision for (benefit from) income taxes are presented in the following table: | |||||||||
For the Years Ended December 31, | |||||||||
2013 | 2012 | 2011 | |||||||
(as restated) | |||||||||
($ in thousands) | |||||||||
Provision for (benefit from) for income tax | |||||||||
Current: | |||||||||
Federal | $ | 876 | $ | (232 | ) $ | (1,150 | ) | ||
State and local | 22 | (2 | ) | 51 | |||||
898 | (234 | ) | (1,099 | ) | |||||
Deferred: | |||||||||
Federal | 463 | (2,824 | ) | (269 | ) | ||||
State and local | 81 | 14 | 483 | ||||||
544 | (2,810 | ) | 214 | ||||||
Provision for (benefit from) income taxes | $ | 1,442 | $ | (3,044 | ) $ | (885 | ) | ||
Deferred income taxes arise because of differences in the book and tax basis of certain assets and liabilities and tax credit and operating loss carry forwards. Deferred income tax assets and liabilities consist of the following: | |||||||||
As of December 31, | |||||||||
($ in thousands) | 2013 | 2012 | |||||||
(as restated) | |||||||||
Deferred income tax assets: | |||||||||
Employee pensions and other benefits | $ | 2,226 | $ | 3,285 | |||||
State net operating loss carryforwards | 1,040 | 1,181 | |||||||
Equity compensation expense | 563 | 244 | |||||||
Intangible assets | 785 | 615 | |||||||
Other | 756 | 473 | |||||||
Total deferred income tax assets | 5,370 | 5,798 | |||||||
Valuation allowance | (3,163 | ) | (3,198 | ) | |||||
Deferred income tax liabilities: | |||||||||
Property, plant and equipment | 2,001 | 2,161 | |||||||
Tax amortizable goodwill | 541 | 331 | |||||||
Other | 206 | 105 | |||||||
Total deferred income tax liabilities | 2,748 | 2,597 | |||||||
Net deferred income tax assets (liabilities) | $ | (541 | ) | $ | 3 | ||||
Based on a current evaluation of expected future taxable income, the Company determined it is not more-likely-than-not that all deferred tax assets will be realized. Therefore, the Company maintained a valuation allowance against its deferred tax assets as of December 31, 2013 and 2012. | |||||||||
In assessing the realizability of deferred tax assets, management considers whether it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income of the appropriate character during the periods in which those temporary differences become deductible and the tax credits and loss carryforwards are available to reduce taxable income. In making its assessment, the Company considered all sources of taxable income including carryback potential, future reversals of existing deferred tax liabilities, prudent and feasible tax planning strategies, and lastly, objectively verifiable projections of future taxable income exclusive of reversing temporary differences and carryforwards. At December 31, 2013 and 2012, the Company concluded that its existing deferred tax liabilities represented a source of taxable income to realize its deferred tax assets, exclusive of the deferred tax liability associated with tax amortizable goodwill. At December 31, 2012, the Company concluded that projections of future taxable income (exclusive of reversing temporary differences and carryforwards) provided support for the realization of additional deferred tax assets of approximately $0.3 million. At December 31, 2013, projections of future taxable income did not provide an additional source of income in the evaluation of the realization of deferred tax assets. Carryback potential and prudent and feasible tax planning strategies did not provide a source of taxable income in either 2013 or 2012. The Company will continue to assess all available evidence during future periods to evaluate the realization of its deferred tax assets. | |||||||||
The following summarizes the changes in the Company's valuation allowance on deferred tax assets for the period indicated: | |||||||||
2013 | 2012 | 2011 | |||||||
(as restated) | |||||||||
Balance at the beginning of the period | $ | 3,198 | $ | 693 | $ | 125 | |||
Amounts charged to expense | 874 | 2,505 | 568 | ||||||
Other increases (decreases) | (909 | ) | - | - | |||||
Balance at the end of the period | $ | 3,163 | $ | 3,198 | $ | 693 | |||
For the year ended December 31, 2012, the Company's valuation allowance increased by $2.5 million in order to establish a valuation allowance on substantially all of its net deferred tax assets. | |||||||||
For the year ended December 31, 2013, the net decrease in the Company's deferred tax assets related principally to its unfunded postretirement liability and the corresponding decrease to the valuation allowance has been recorded within other comprehensive income/(loss). The Company recorded a charge to income of $0.9 million to increase the valuation allowance on the remaining net deferred tax assets at December 31, 2013. | |||||||||
The difference between tax expense (benefit) and the amount computed by applying the statutory federal income tax rate (34%) to income (loss) before income taxes is as follows: | |||||||||
Years Ended December 31, | |||||||||
($ in thousands) | 2013 | 2012 | 2011 | ||||||
(as restated) | |||||||||
Statutory rate applied to pre-tax income (loss) | $ | 271 | $ | (4,737 | ) | $ | (1,294 | ) | |
Add (deduct): | |||||||||
State income taxes, net | 192 | (981 | ) | (215 | ) | ||||
Valuation allowance | 874 | 2,505 | 568 | ||||||
Other | 105 | 169 | 56 | ||||||
Income taxes (benefit) | $ | 1,442 | $ | (3,044 | ) | $ | (885 | ) | |
Accounting for uncertainty in income taxes requires uncertain tax positions to be classified as non-current income tax liabilities unless they are expected to be paid within one year. The Company has concluded that there are no uncertain tax positions requiring recognition in its consolidated financial statements as of December 31, 2013 and 2012. | |||||||||
The Company recognizes interest accrued related to unrecognized tax benefits in interest expense. For the years ended December 31, 2013, 2012 and 2011, there was no interest expense relating to unrecognized tax benefits. | |||||||||
The Company has state net operating loss carry-forwards in the amount of approximately $18.8 million as of December 31, 2013. These losses expire through 2033. | |||||||||
The Company and its subsidiaries file a U.S. federal consolidated income tax return. The U.S. federal statute of limitations remains open for the years 2009 and thereafter. In 2010, the IRS completed its examination of the Company's 2006 and 2007 federal income tax returns. As a result of such examination, the Company received a net refund of approximately $0.5 million from the IRS. | |||||||||
State income tax returns are generally subject to examination for a period of 3 to 5 years after filing the respective return. The impact of any federal changes on state returns remains subject to examination by the relevant states for a period of up to one year after formal notification to the states. | |||||||||
Pension_And_Postretirement_Obl
Pension And Postretirement Obligations | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Pension And Postretirement Obligations [Abstract] | ' | ||||||||||||||||||
Pension And Postretirement Obligations | ' | ||||||||||||||||||
NOTE 13: PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS | |||||||||||||||||||
The Company has two defined benefit pension plans covering certain management and non-management employees who reached at least 21 years of age and have completed one year of service before the plan was frozen with respect to benefit accruals and new eligibility. The non-management plan was frozen as of May 1, 2003 and the management plan was frozen as of March 1, 2005. For an eligible employee, benefits are based on years of service and the average of the employee's three highest consecutive years' of base compensation for years prior to the date on which the plan was frozen. The Company's policy is to fund the minimum required contribution disregarding any credit balance arising from excess amounts contributed in the past. | |||||||||||||||||||
The Company sponsors a postretirement medical benefit plan that covers all employees that retire directly from active service on or after age 55 with at least 10 years of service. The projected unit credit actuarial method was used in determining the cost of future benefits. Assets of the plan are principally invested in fixed income securities and a money market fund. The Company uses an annual measurement date of December 31 for all of its benefit plans. | |||||||||||||||||||
The components of the pension and postretirement expense (credit) for the years ended December 31 are as follows: | |||||||||||||||||||
Pension Benefits | Postretirement Benefits | ||||||||||||||||||
For the Years Ended December 31, | |||||||||||||||||||
($ in thousands) | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||
Components of net periodic costs: | |||||||||||||||||||
Service cost | $ | - | $ | - | $ | - | $ | 13 | $ | 14 | $ | 14 | |||||||
Interest cost | 756 | 759 | 860 | 112 | 226 | 238 | |||||||||||||
Expected return on plan assets | (975 | ) | (876 | ) | (913 | ) | (178 | ) | (173 | ) | (168 | ) | |||||||
Amortization of transition asset | - | - | - | - | 28 | 28 | |||||||||||||
Amortization of prior service cost | 56 | 56 | 56 | (330 | ) | (330 | ) | (330 | ) | ||||||||||
Recognized actuarial (gain) loss | 840 | 909 | 755 | 37 | 131 | 94 | |||||||||||||
Net periodic loss (gain) | $ | 677 | $ | 848 | $ | 758 | $ | (346 | ) | $ | (104 | ) | $ | (124 | ) | ||||
The amortization of prior service cost and recognized actuarial (gain) loss included in pension and postretirement expense represent relassifications out of other comprehensive income (loss). | |||||||||||||||||||
The estimated amounts for the defined benefit pension plans and the postretirement benefit plans that will be amortized from accumulated other comprehensive loss into net periodic benefit cost (income) over the next fiscal year are as follows: | |||||||||||||||||||
Postretirement | |||||||||||||||||||
($ in thousands) | Pension Plans | Benefits | |||||||||||||||||
Amortization of net actuarial loss | $ | 710 | $ | 24 | |||||||||||||||
Amortization of prior service cost (credit) | $ | 56 | $ | (330 | ) | ||||||||||||||
The following table presents a summary of the projected benefit obligation and assets of the plans at December 31: | |||||||||||||||||||
Postretirement | |||||||||||||||||||
($ in thousands) | Pension Benefits | Benefits | |||||||||||||||||
For the Years Ended December 31, | |||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||
Change in Benefit Obligation | |||||||||||||||||||
Benefit obligation, beginning of year | $ | 19,908 | $ | 18,556 | $ | 3,655 | $ | 5,143 | |||||||||||
Service cost | - | - | 13 | 14 | |||||||||||||||
Interest cost | 756 | 759 | 112 | 226 | |||||||||||||||
Actuarial losses (income) | (1,240 | ) | 1,518 | (805 | ) | (1,595 | ) | ||||||||||||
Benefit payments | (931 | ) | (925 | ) | (133 | ) | (133 | ) | |||||||||||
Benefit obligation, end of year | 18,493 | 19,908 | 2,842 | 3,655 | |||||||||||||||
Changes in fair value of plan assets | |||||||||||||||||||
Fair value of plan assets, beginning of year | 12,443 | 11,265 | 2,221 | 2,167 | |||||||||||||||
Actual return on plan | 1,084 | 1,648 | (16 | ) | 54 | ||||||||||||||
Employer contributions | 520 | 455 | 134 | 133 | |||||||||||||||
Benefit payments | (931 | ) | (925 | ) | (133 | ) | (133 | ) | |||||||||||
Fair value of plan assets, end of year | 13,116 | 12,443 | 2,206 | 2,221 | |||||||||||||||
Unfunded status, end of year | $ | (5,377 | ) | $ | (7,465 | ) | $ | (636 | ) | $ | (1,434 | ) | |||||||
Amounts recognized in the consolidated balance sheets consisted of the following: | |||||||||||||||||||
Postretirement | |||||||||||||||||||
Pension Benefits | Benefits | ||||||||||||||||||
As of December 31, | |||||||||||||||||||
($ in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||
Pension and postretirement benefit obligations-current | $ | (267 | ) | $ | (954 | ) | $ | - | $ | (135 | ) | ||||||||
Pension and postretirement benefit obligations-long term | (5,110 | ) | (6,511 | ) | (636 | ) | (1,299 | ) | |||||||||||
Total | $ | (5,377 | ) | $ | (7,465 | ) | $ | (636 | ) | $ | (1,434 | ) | |||||||
The Company also has deferred compensation agreements in place with certain former officers that became effective upon retirement. These non-qualified plans are not currently funded and a liability representing the present value of future payments has been established, with balances of $0.3 million as of December 31, 2013 and 2012. | |||||||||||||||||||
Amounts recognized in the accumulated other comprehensive loss, net of tax, consisted of the following: | |||||||||||||||||||
Postretirement | |||||||||||||||||||
Pension Benefits | Benefits | ||||||||||||||||||
For the Years Ended December 31, | |||||||||||||||||||
($ in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||
Actuarial net (loss) gain | $ | (3,824 | ) | $ | (6,013 | ) | $ | (168 | ) | $ | (815 | ) | |||||||
Net prior service credit | (178 | ) | (234 | ) | 507 | 837 | |||||||||||||
Income tax expense (benefit) | (2,433 | ) | (2,234 | ) | 206 | 8 | |||||||||||||
Total | $ | (1,569 | ) | $ | (4,013 | ) | $ | 133 | $ | 14 | |||||||||
Actuarial assumptions used to calculate the projected benefit obligation were as follows for the years ended December 31, 2013 and 2012: | |||||||||||||||||||
Pension Benefits | Postretirement Benefits | ||||||||||||||||||
For the Years Ended December 31, | |||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||
Discount rate | 4.50- 4.70% | 3.70- 3.90% | 4.5 | % | 3.6 | % | |||||||||||||
Expected return on plan assets | 8 | % | 8 | % | 8 | % | 8 | % | |||||||||||
Healthcare cost trend | - | - | 8.5 | % | 9 | % | |||||||||||||
Actuarial assumptions used to calculate net periodic benefit cost were as follows for the years ended December 31, 2013 and 2012: | |||||||||||||||||||
Postretirement | |||||||||||||||||||
Pension Benefits | Benefits | ||||||||||||||||||
For the Years Ended December 31, | |||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||
Discount rate | 3.7- 3.9 | % | 4.25 | % | 3.6 | % | 4.25 | % | |||||||||||
Expected return on assets | 8 | % | 8 | % | 8 | % | 8 | % | |||||||||||
The rate of return assumption, currently 8%, estimates the portion of plan benefits that will be derived from investment return and the portion that will come directly from Company contributions. Accordingly, the Company strives to maintain an investment portfolio that generates annual returns from funds invested consistent with achieving the projected long-term rate of return required for plan assets. | |||||||||||||||||||
The projected pension benefit obligation of $18.5 million at December 31, 2013 was in excess of plan assets of $13.1 million, leading to an unfunded projected benefit obligation of $5.4 million as of December 31, 2013. The projected benefit obligation of $19.9 million at December 31, 2012 was in excess of plan assets of $12.4 million, leading to an unfunded projected benefit obligation of $7.5 million as of December 31, 2012. The projected pension benefit obligation exceeded the fair value of plan assets at December 31, 2013, however the projected benefit obligation declined from the same period December 31, 2012. The Company was required to record a reduction to its pension liability on its Consolidated Balance Sheet as of December 31, 2013 and the effect of this adjustment was a decrease in the pension liability of $2.1 million and a decrease in accumulated other comprehensive loss of $2.3 million. | |||||||||||||||||||
The Company's postretirement plans had an unfunded projected benefit obligation of $0.6 million as of December 31, 2013. The projected benefit obligation of $2.8 million at December 31, 2013 was in excess of plan assets of $2.2 million. The Company's postretirement plans had a benefit obligation of $3.7 million as of December 31, 2012. The $0.8 million improvement compared to December 31, 2012 was due to the Medicare supplement plan currently provided through AARP running at a cost much lower than was anticipated. The health care cost trend rates (representing the assumed annual percentage increase in claim costs by year) was 8.5% for the year 2014 grading down to 5% in 2021 and later by 0.5% per year. The Company's most recent actuarial calculation anticipates that this trend will continue into 2014. An increase in the assumed health care cost trend rate by 1.0% would increase the accumulated postretirement benefit obligation as of December 31, 2013 by approximately $0.3 million. A 1.0% decrease in the health care cost trend rate would decrease these components by $0.2 million. The projected postretirement benefit obligation exceeded the fair value of plan assets at December 31, 2013, however the projected benefit obligation declined from the same period December 31, 2012. The Company was required to record a reduction to its postretirement liability on its Consolidated Balance Sheet as of December 31, 2013 and the effect of this adjustment was a decrease in the postretirement liability of $0.8 million and a decrease in accumulated other comprehensive loss of $0.3million. | |||||||||||||||||||
On December 8, 2003, the Medicare Prescription Drug Improvement Modernization Act of 2003 (the Act) was signed into law. The Act introduces a prescription drug benefit under Medicare Part D, as well as a federal subsidy to sponsors of retiree health care benefit plans that provide benefits at least actuarially equivalent to Medicare Part D. The Company has not applied for a subsidy as it has not done an assessment to determine if it is actuarially equivalent to Medicare Part D under the Act. Therefore, a subsidy is not included in the actuarial assumptions for its postretirement benefits plan. | |||||||||||||||||||
Plan Assets | |||||||||||||||||||
The Company diversifies its pension and postretirement plan assets across domestic and international common stock and fixed income asset classes. | |||||||||||||||||||
As of December 31, 2013, the current target allocations for pension and postretirement plan assets are 50-60% for equity securities, 40-50% for fixed income securities and 0-10% for cash and certain other investments. | |||||||||||||||||||
The fair values of the Company's pension plan assets at December 31, 2013 by asset category are as follows: | |||||||||||||||||||
($ in thousands) | |||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Asset Category | |||||||||||||||||||
Equity securities | $ | 6,777 | $ | 1,361 | $ | 5,416 | $ | - | |||||||||||
Fixed income securities | 5,528 | 4,605 | 923 | - | |||||||||||||||
Cash and cash equivalents | 811 | 811 | - | - | |||||||||||||||
Total pension assets | $ | 13,116 | $ | 6,777 | $ | 6,339 | $ | - | |||||||||||
The fair values of the Company's postretirement plan assets at December 31, 2013 by asset category are as follows: | |||||||||||||||||||
($ in thousands) | |||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Asset Category | |||||||||||||||||||
Fixed income securities | $ | 1,744 | $ | 1,744 | $ | - | $ | - | |||||||||||
Cash and cash equivalents | 462 | 462 | - | - | |||||||||||||||
Total pension assets | $ | 2,206 | $ | 2,206 | $ | - | $ | - | |||||||||||
The fair value of certain equity and fixed income investment vehicles of $4.9 million and $0.9 million, respectively were incorrectly disclosed as Level 1 fiar value measurements in the Company's 2012 consolidated financial statements. The 2012 disclosure has been corrected to classify these investments as Level 2 fair value measurements as fair value is based on observable inputs other than quoted prices in active markets. The Company does not believe that these disclosure errors were material to the previously issued 2012 consolidated financial statements. | |||||||||||||||||||
The fair values of the Company's pension plan assets at December 31, 2012 by asset category are as follows: | |||||||||||||||||||
($ in thousands) | |||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Asset Category | |||||||||||||||||||
Equity securities | $ | 6,239 | $ | 1,293 | $ | 4,946 | $ | - | |||||||||||
Fixed income securities | 5,390 | 4,502 | 888 | - | |||||||||||||||
Cash and cash equivalents | 814 | 814 | - | - | |||||||||||||||
Total pension assets | $ | 12,443 | $ | 6,609 | $ | 5,834 | $ | - | |||||||||||
The fair values of the Company's postretirement plan assets at December 31, 2012 by asset category are as follows: | |||||||||||||||||||
($ in thousands) | |||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Asset Category | |||||||||||||||||||
Fixed income securities | $ | 1,760 | $ | 1,760 | $ | - | $ | - | |||||||||||
Cash and cash equivalents | 461 | 461 | - | - | |||||||||||||||
Total pension assets | $ | 2,221 | $ | 2,221 | $ | - | $ | - | |||||||||||
Equity securities and fixed income securities categorized as Level 1 represent mutual funds that are traded on national and international exchanges and are valued at their closing prices on the last trading day of the year. Additionally, some equity securities and fixed income securities are public investment vehicles valued using the Net Asset Value ("NAV") provided by the fund manager. The NAV is the total value of the fund divided by the number of shares outstanding. As the underlying securities to these funds are nationally traded and these funds do not have redemption restrictions, they are categorized as Level 2. | |||||||||||||||||||
In accordance with its contribution policy, in 2014 the Company expects to make the required contribution of $0.3 million to its pension plan. | |||||||||||||||||||
Benefit payments, under the provisions of the plans, are expected to be paid as follows: | |||||||||||||||||||
Pension | Postretirement | ||||||||||||||||||
($ in thousands) | Benefits | Benefits | |||||||||||||||||
2014 | $ | 1,041 | $ | 203 | |||||||||||||||
2015 | 1,065 | 190 | |||||||||||||||||
2016 | 1,095 | 167 | |||||||||||||||||
2017 | 1,160 | 177 | |||||||||||||||||
2018 | 1,216 | 178 | |||||||||||||||||
2019-2023 | 6,330 | 941 | |||||||||||||||||
The Company also has a defined contribution 401(k) Profit Sharing Plan covering certain eligible employees. Under the plan, employees may contribute up to 100% of compensation not to exceed certain legal limitations. The Company matches 100% of the participant's contributions, up to either 4.0% or 4.5% of compensation, as set forth in the plan. The Company contributed and expensed $0.4 million, $0.4 million, and $0.3 million for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||||||||||||||||
Stock_Based_Compensation
Stock Based Compensation | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Stock Based Compensation [Abstract] | ' | ||||||
Stock Based Compensation | ' | ||||||
NOTE 14: STOCK BASED COMPENSATION | |||||||
The Company adopted and, at the annual meeting held on April 29, 2011, its shareholders approved, the Amended and Restated 2008 Long-Term Incentive Plan (the "Amended and Restated LTIP") to assist the Company and its affiliates in attracting, motivating and retaining selected individuals to serve as employees, directors, consultants and advisors of the Company and its affiliates by providing incentives to such individuals through the ownership and performance of the Company's common stock. The Amended and Restated LTIP increased the total number of shares authorized under the Amended and Restated LTIP from 500,000 shares to 1,100,000 shares of common stock. The increases in the number of shares available under the Amended and Restated LTIP required approval from the New York Public Service Commission ("NYPSC") and New Jersey Board of Public Utilities ("NJBPU"). As of March 31, 2012, the Company received approval from both the NYPSC and the NJBPU. Shares available for grant under the Amended and Restated LTIP may be either authorized but unissued shares or shares that have been reacquired by the Company and designated as treasury shares. As of December 31, 2013 and 2012, 57,923 and 675,956 shares of the Company's common stock were available for grant under the Amended and Restated LTIP. The Amended and Restated LTIP permits the issuance by the Company of awards in the form of stock options, stock appreciation rights, restricted stock and restricted stock units and performance shares. The exercise price per share of the Company's common stock purchasable under any stock option or stock appreciation right may not be less than 100% of the fair market value of one share of common stock on the date of grant. The term of any stock option or stock appreciation right may not exceed ten years. The Amended and Restated LTIP also provides plan participants with a cashless mechanism to exercise their stock options. Issued restricted stock, stock options and restricted stock units are subject to vesting restrictions. | |||||||
Restricted Stock Awards | |||||||
The following table summarizes the restricted stock granted to certain eligible participants for the years ended December 31, 2013, 2012 and 2011: | |||||||
Restricted stock granted | 2013 | 2012 | 2011 | ||||
Shares | 420,824 | 46,281 | 61,636 | ||||
Grant date weighted average fair value per share | $ | 10.19 | $ | 13.92 | $ | 14.62 | |
Stock-based compensation expense for restricted stock awards of $1.4 million, $0.7 million, and $0.7 million was recorded for the years ended December 31, 2013, 2012 and 2011, respectively. The Company records stock-based compensation for grants of restricted stock awards on a straight-line basis over their respective vesting periods of two or three years. The Company has determined expected forfeitures based on recent activity and is recognizing compensation expense only for those restricted common shares expected to vest. | |||||||
The following table summarizes the restricted common stock activity during the year ended December 31, 2013: | |||||||
Grant Date Weighted | |||||||
Shares | Average per Share | ||||||
Balance - December 31, 2012 | 59,078 | $ | 14.1 | ||||
Granted | 420,824 | 10.19 | |||||
Vested | (43,224 | ) | 12.05 | ||||
Forfeited | (26,789 | ) | 13.66 | ||||
Balance - December 31, 2013 | 409,889 | $ | 10.33 | ||||
The total fair value of the restricted shares vested for the years ended December 31, 2013, 2012 and 2011 were $ 0.5 million, $ 0.7 million and $0.5 million, respectively. | |||||||
Stock Options | |||||||
The following tables summarize stock option activity for the year ended December 31, 2013, along with options exercisable at the end of the year: | |||||||
Weighted Average | |||||||
Options | Shares | Exercise Price | |||||
Outstanding - December 31, 2012 | 263,554 | $ | 14.02 | ||||
Stock options granted | 476,189 | 10.86 | |||||
Exercised | - | - | |||||
Forfeited | (240,201 | ) | 12.41 | ||||
Outstanding - December 31, 2013 | 499,542 | $ | 11.78 | ||||
Vested and expected to vest at December 31, 2013 | 479,560 | ||||||
Exercisable at December 31, 2013 | 175,838 | ||||||
Stock-based compensation expense for stock option awards of $0.1 million, $0.2 million, and $0.3 million was recorded for the years ended December 31, 2013, 2012 and 2011, respectively. The Company records stock-based compensation for grants of stock options awards on a straight-line basis over their respective vesting periods of three years. The Company has determined expected forfeitures based on recent activity and is recognizing compensation expense only for those stock option awards expected to vest. The total fair value of the stock options vested for the years ended December 31, 2013, 2012 and 2011 were $ 1.7 million, $ 1.2 million and $1.5 million, respectively. | |||||||
The following table summarizes information about fixed price stock options outstanding at December 31, 2013: | |||||||
Weighted Average | |||||||
Weighted | Remaining | Aggregate | |||||
Shares | Average | Contractual | Intrinsic | ||||
Exercise Price per Share | Outstanding | Exercise Price | Life (Years) | Value | |||
31-Dec-13 | |||||||
$9.90 - 10.80 | 309,092 | $ | 10.15 | 8.71 | |||
$12.88 - 12.97 | 20,400 | $ | 12.89 | 6.11 | |||
$14.38 - 14.85 | 170,050 | $ | 14.62 | 7.65 | |||
499,542 | $ | 11.78 | 8.24 | $ | - | ||
Vested and expected to vest at December 31, 2013 | 479,560 | $ | 11.78 | 8.24 | $ | - | |
Exercisable at December 31, 2013 | 175,838 | $ | 14.02 | 7.07 | $ | - | |
The aggregate intrinsic value in the table above represents the total pretax intrinsic value (the difference between the Company's closing stock price on December 31, 2013, and the exercise price times the number of shares) that would have been received by the option holders had all the option holders exercised in-the-money stock options on December 31, 2013. This amount will change based on the fair market value of the Company's common stock. The intrinsic value of options exercised for the years ended December 31, 2012 and 2011 were nominal and $0.4 million, respectively. No options were exercised for the year ended December 31, 2013. | |||||||
The fair value of the above stock-based awards was estimated using the Black-Scholes model with the following weighted-average assumptions for the years ended December 31, 2013, 2012 and 2011: | |||||||
For the Years Ended December 31, | |||||||
2013 | 2012 | 2011 | |||||
Expected life (in years) | 6 | 10 | 10 | ||||
Interest rate | 0.97% | 2.71% | 3.40% | ||||
Volatility | 27.89% | 27.10% | 32.77% | ||||
Dividend yield | 10.78% | 7.23% | 7.00% | ||||
Weighted-average fair value per share at grant date | $ | 0.5 | $ | 1.37 | $ | 2.16 | |
The following table presents the total stock-based compensation expense resulting from stock options and restricted stock granted to employees that are included in the Company's consolidated statements of operations for the years ended December 31, 2013, 2012 and 2011. | |||||||
For the Years Ended December 31, | |||||||
($ in thousands) | 2013 | 2012 | 2011 | ||||
Cost of services and products | $ | 6 | $ | 41 | $ | 66 | |
Selling, general and administrative expense | 1,451 | 826 | 894 | ||||
$ | 1,457 | $ | 867 | $ | 960 | ||
As of December 31, 2013, $3.0 million of total unrecognized compensation expense related to stock options and restricted stock is expected to be recognized over a weighted average period of approximately 1.95 years. | |||||||
Earnings_Loss_Per_Share
Earnings (Loss) Per Share | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Earnings (Loss) Per Share [Abstract] | ' | |||||||||
Earnings (Loss) Per Share | ' | |||||||||
NOTE 15: EARNINGS (LOSS) PER SHARE | ||||||||||
Basic earnings (loss) per share is computed by dividing net income (loss) applicable to common stock by the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income (loss) applicable to common stock by the weighted average number of shares of common stock adjusted to include the effect of potentially dilutive securities. Potentially dilutive securities include incremental shares issuable upon exercise of outstanding stock options and shares of unvested restricted stock. Diluted earnings (loss) per share exclude all dilutive securities if their effect is anti-dilutive. | ||||||||||
The Company's restricted stock awards are considered "participating securities" because they contain non-forfeitable rights to dividends. Under the two-class method, earnings per share ("EPS") is computed by dividing earnings allocated to common shareholders by the weighted-average number of common shares outstanding for the period. In applying the two-class method, earnings are allocated to both shares of common stock and participating securities based on their respective weighted-average shares outstanding for the period. | ||||||||||
For the years ended December 31, 2013, 2012 and 2011, the Company experienced a net loss. As a result, the effect of participating securities was excluded from the computation of basic and diluted EPS. The net losses were not allocated because the restricted stockholders are not required to fund losses. | ||||||||||
The weighted average number of shares of common stock used in basic and diluted earnings per share for the years ended December 31, 2013, 2012 and 2011, is as follows: | ||||||||||
For the Years Ended December 31, | ||||||||||
(amounts in thousands, except for per share) | 2013 | 2012 | 2011 | |||||||
(as restated) | ||||||||||
NUMERATOR: | ||||||||||
Net income (loss) applicable to common stock before participating securities | $ | (671 | ) | $ | (10,914 | ) | $ | (2,946 | ) | |
Less: income applicable to participating securities (1) | - | - | - | |||||||
Net income (loss) applicable to common stock | $ | (671 | ) | $ | (10,914 | ) | $ | (2,946 | ) | |
DENOMINATOR: | ||||||||||
Weighted average shares of common stock | ||||||||||
used in basic earnings per share | 6,112 | 5,712 | 5,425 | |||||||
Effects of puttable common stock (2) | - | - | 11 | |||||||
Weighted average shares outstanding - Basic and Diluted (3) | 6,112 | 5,712 | 5,436 | |||||||
EPS: | ||||||||||
Net earnings (loss) per share - Basic and Diluted | $ | (0.11 | ) | $ | (1.91 | ) | $ | (0.54 | ) | |
(1) For the years ended December 31, 2013, 2012 and 2011, the Company had 0.3 million, 0.1 million and 0.1 million, respectively, of nonvested participating securities. As the participating securities do not participate in losses, there was no allocation of loss for the years ended December 31, 2013, 2012 and 2011. | ||||||||||
(2) Included in the weighted average shares of common stock – basic for 2012 and 2011 were puttable common shares that arose from the Alteva, LLC acquisition in August 2011. During the second half of 2012, all of the puttable shares were either exercised or the put option was terminated and are no longer outstanding. | ||||||||||
(3) For the year ended December 31, 2013, 0.2 million potentially dilutive shares related to out of the money common stock options were excluded from EPS, as their effect was anti-dilutive. The effects for the years ended December 31, 2012 and 2011 were nominal. | ||||||||||
Shareholders_Equity_And_Puttab
Shareholders' Equity And Puttable Common Stock | 12 Months Ended |
Dec. 31, 2013 | |
Shareholders' Equity And Puttable Common Stock [Abstract] | ' |
Shareholders' Equity And Puttable Common Stock | ' |
NOTE 16: SHAREHOLDERS' EQUITY AND PUTTABLE COMMON STOCK | |
The Company has 10,000,000 authorized shares of common stock at a par value of $0.01; 5,000 authorized preferred shares at a par value of $100; and 10,000,000 authorized shares of preferred stock at a par value of $0.01. | |
The holders of the Company's preferred stock are entitled to dividends of 5% annum. The Company declared dividends per common share of $0.54, $1.08 and $1.04 for the years ended December 31, 2013, 2012, and 2011, respectively. | |
The Company issued 272,479 shares of the Company's common stock in connection with the Company's purchase of substantially all of the assets and assumption of certain liabilities of Alteva, LLC in August of 2011 (see Note 4). The members of Alteva, LLC had the option to put the 272,479 shares back to the Company on October 21, 2012 and December 15, 2012. The puttable common stock was issued with redemption features that are not solely within the control of the Company and was classified outside of permanent equity (often referred to as classification in "temporary equity"). | |
During September 2012, 247,331 of the puttable Alteva shares were sold in a block trade, and 25,148 puttable shares were acquired by the Company. As a result of the transactions (see Note 4) the Company reclassified the puttable common stock out of "temporary equity" and into "permanent equity" during the year ended December 31, 2012. | |
Segment_Information
Segment Information | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Segment Information [Abstract] | ' | |||||||||
Segment Information | ' | |||||||||
NOTE 17: SEGMENT INFORMATION | ||||||||||
The Company's two segments, UC and Telephone, are strategic business units that offer different products and services. The Company evaluates the performance of its two segments based upon factors such as revenue growth, expense containment, market share and operating results. | ||||||||||
The UC segment is a premier provider of hosted Unified Communications as a Service (UCaaS) including VoIP, hosted Microsoft communication services, fixed mobile convergence and advanced voice applications for a broad customer base including, medium and large-sized businesses and enterprise business customers. | ||||||||||
The Telephone segment operates as an ILEC in southern Orange County, New York and northern New Jersey. The Telephone segment consists of providing local and toll telephone service, high-speed broadband and fiber Internet access services and satellite video services to residential and business customers. The ILEC service areas are primarily rural and have an estimated population of 50,000. We also operate as a CLEC in in Middletown, New York, Scotchtown, New York and Vernon, New Jersey. | ||||||||||
The segment results presented below are not necessarily indicative of the results of operations these segments would have achieved had they operated as stand-alone entities during the periods presented. All intersegment transactions are shown net of eliminations. | ||||||||||
Segment income statement information for the years ended December 31, 2013 and 2012 is set forth below: | ||||||||||
For the Year Ended December 31, 2013 | ||||||||||
UC | Telephone | Consolidated | ||||||||
Operating Revenues | $ | 15,834 | $ | 14,268 | $ | 30,102 | ||||
Operating Expenses | ||||||||||
Cost of services and products | 8,798 | 4,667 | 13,465 | |||||||
Selling, general and administrative expense | 15,602 | 8,387 | 23,989 | |||||||
Loss on disposal and restructuring costs | 447 | - | 447 | |||||||
Depreciation and amortization | 2,287 | 1,528 | 3,815 | |||||||
Total Operating Expenses | 27,134 | 14,582 | 41,716 | |||||||
Operating Loss | (11,300 | ) | (314 | ) | (11,614 | ) | ||||
Interest income (expense), net | (756 | ) | ||||||||
Income from equity method investment | 13,000 | |||||||||
Other income (expense), net | 166 | |||||||||
Income (loss) before income taxes | $ | 796 | ||||||||
For the Year Ended December 31, 2012 | ||||||||||
($ in thousands) | UC | Telephone | Consolidated | |||||||
Operating Revenues | $ | 13,569 | $ | 14,373 | $ | 27,942 | ||||
Operating Expenses | ||||||||||
Cost of services and products | 8,994 | 5,140 | 14,134 | |||||||
Selling, general and administrative expense | 15,055 | 8,647 | 23,702 | |||||||
Impairment | - | 8,883 | 8,883 | |||||||
Depreciation and amortization | 2,037 | 3,439 | 5,476 | |||||||
Total Operating Expenses | 26,086 | 26,109 | 52,195 | |||||||
Operating Loss | (12,517 | ) | (11,736 | ) | (24,253 | ) | ||||
Interest income (expense), net | (415 | ) | ||||||||
Income from equity method investment | 11,021 | |||||||||
Other income (expense), net | (286 | ) | ||||||||
Income (loss) before income taxes | $ | (13,933 | ) | |||||||
For the Year Ended December 31, 2011 | ||||||||||
($ in thousands) | UC | Telephone | Consolidated | |||||||
Operating Revenues | $ | 8,360 | $ | 17,576 | $ | 25,936 | ||||
Operating Expenses | ||||||||||
Cost of services and products | 6,590 | 8,111 | 14,701 | |||||||
Selling, general and administrative expense | 9,794 | 7,764 | 17,558 | |||||||
Depreciation and amortization | 1,132 | 4,134 | 5,266 | |||||||
Total Operating Expenses | 17,516 | 20,009 | 37,525 | |||||||
Operating Loss | $ | (9,156 | ) | $ | (2,433 | ) | $ | (11,589 | ) | |
Interest income (expense), net | (64 | ) | ||||||||
Income from equity method investment | 7,898 | |||||||||
Other income (expense), net | (51 | ) | ||||||||
Income (loss) before income taxes | $ | (3,806 | ) | |||||||
Segment selected balance sheet information as of December 31, 2013 and 2012 is set forth below: | ||||||||||
As of December 31, | ||||||||||
($ in thousands) | 2013 | 2012 | ||||||||
(as restated) | ||||||||||
Assets | ||||||||||
Unified Communications | $ | 21,884 | $ | 23,500 | ||||||
Telephone | 15,379 | 18,622 | ||||||||
Total assets | $ | 37,263 | $ | 42,122 | ||||||
Segment capital expenditures, including purchases of seat licenses and other acquired intangibles, for the years ended December 31, 2013, 2012, and 2011 is set forth below: | ||||||||||
For the Years Ended December 31, | ||||||||||
($ in thousands) | 2013 | 2012 | 2011 | |||||||
Unified Communications | $ | 564 | $ | 2,989 | $ | 1,016 | ||||
Telephone | 451 | 1,742 | 1,865 | |||||||
Total capital expenditures | $ | 1,015 | $ | 4,731 | $ | 2,881 |
Quarterly_Information
Quarterly Information | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Quarterly Information [Abstract] | ' | |||||||||||||||||||||||||||
Quarterly Information | ' | |||||||||||||||||||||||||||
NOTE 18: QUARTERLY INFORMATION (UNAUDITED) | ||||||||||||||||||||||||||||
Calendar Year Quarters | ||||||||||||||||||||||||||||
($ and shares in thousands) | First | Second | Third(2) | Fourth | Total | |||||||||||||||||||||||
(as restated) | (as restated) | (as restated) | ||||||||||||||||||||||||||
Year ended December 31, 2013 | ||||||||||||||||||||||||||||
Revenue | $ | 7,740 | $ | 7,447 | $ | 7,530 | $ | 7,385 | $ | 30,102 | ||||||||||||||||||
Operating loss | (4,299 | ) | (2,955 | ) | (2,099 | ) | (2,261 | ) | (11,614 | ) | ||||||||||||||||||
Net income (loss) | (671 | ) | (9 | ) | 343 | (309 | ) | (646 | ) | |||||||||||||||||||
Basic income (loss) per common share | $ | (0.12 | ) | $ | - | $ | 0.06 | $ | (0.05 | ) | $ | (0.11 | ) | |||||||||||||||
Diluted income (loss) per common share (1) | $ | (0.12 | ) | $ | - | $ | 0.06 | $ | (0.05 | ) | $ | (0.11 | ) | |||||||||||||||
Weighted average shares of common stock | ||||||||||||||||||||||||||||
used to calculate earnings per share: | ||||||||||||||||||||||||||||
Basic | 5,751 | 5,775 | 5,776 | 6,191 | 6,112 | |||||||||||||||||||||||
Diluted | 5,751 | 5,775 | 5,776 | 6,191 | 6,112 | |||||||||||||||||||||||
Year ended December 31, 2012 | (as restated) (3) | (as restated) | ||||||||||||||||||||||||||
Revenue | $ | 7,081 | $ | 6,886 | $ | 7,050 | $ | 6,925 | $ | 27,942 | ||||||||||||||||||
Operating loss | (3,154 | ) | (3,447 | ) | (4,019 | ) | (13,633 | ) | (24,253 | ) | ||||||||||||||||||
Net loss | (1,234 | ) | (228 | ) | (922 | ) | (8,505 | ) | (10,889 | ) | ||||||||||||||||||
Basic loss per common share | $ | (0.22 | ) | $ | (0.04 | ) | $ | (0.16 | ) | $ | (1.49 | ) | $ | (1.91 | ) | |||||||||||||
Basic loss per puttable common share | $ | (0.22 | ) | $ | (0.04 | ) | $ | (0.16 | ) | $ | - | $ | - | |||||||||||||||
Diluted loss per common share (1) | $ | (0.22 | ) | $ | (0.04 | ) | $ | (0.16 | ) | $ | (1.49 | ) | $ | (1.91 | ) | |||||||||||||
Diluted loss per puttable common share (1) | $ | (0.22 | ) | $ | (0.04 | ) | $ | (0.16 | ) | $ | - | $ | - | |||||||||||||||
Weighted average shares of common stock | ||||||||||||||||||||||||||||
used to calculate earnings per share: | ||||||||||||||||||||||||||||
Basic | 5,716 | 5,731 | 5,744 | 5,703 | 5,712 | |||||||||||||||||||||||
Basic (puttable common) | 272 | 272 | 25 | - | - | |||||||||||||||||||||||
Diluted | 5,716 | 5,731 | 5,744 | 5,703 | 5,712 | |||||||||||||||||||||||
Diluted (puttable common) | 272 | 272 | 25 | - | - | |||||||||||||||||||||||
(1) There is no difference between basic and diluted earnings (loss) per share due to stock options being out of the money. | ||||||||||||||||||||||||||||
(2) Included in operating loss and net loss is $0.4 million loss on disposal and restructuring costs. | ||||||||||||||||||||||||||||
(3) The Company recorded an additional $1.4 milion in tax expense, compared to what was previously reported in its Annual Report on Form 10-K/A for the year ended December 31, 2012 (see Note 1). | ||||||||||||||||||||||||||||
On March 14, 2014, the Audit Committee of the Board of Directors (the "Audit Committee") of the Company, in consultation with management, determined that, due to an error in the application of U.S. generally accepted accounting principles ("GAAP") for income taxes related to the determination of the valuation allowance needed to reflect its deferred tax assets at the amount that is more than likely than not realizable, the Company's previously filed consolidated financial statements and related financial statement schedules as of and for the year ended December 31, 2012, contained in the Company's Annual Report on Form 10-K/A for the year ended December 31, 2012, should be restated. In addition, the Audit Committee concluded that, due to similar errors in income tax accounting, the condensed interim financial statements as of March 31, 2013, June 30, 2013 and September 30, 2013 included in the Company's Quarterly Reports on Forms 10-Q for the respective fiscal quarters then ended should be restated. | ||||||||||||||||||||||||||||
The Company has also adjusted its selling, general and administrative expenses in the condensed interim financial statements as of March 31, 2013, June 30, 2013 and September 30, 2013 included in the Company's Quarterly Reports on Form 10-Q for an immaterial error that overstated post retirement benefit expense by $0.1 million per quarter. | ||||||||||||||||||||||||||||
Effects of the Restatement | ||||||||||||||||||||||||||||
The following tables provide a summary of selected line items from the Company's condensed consolidated statements of operations and condensed consolidated statement of comprehensive income (loss) for the three months ended March 31, 2013, for the three and six months ended June 30, 2013, and for the three and nine months ended September 30, 2013, the condensed consolidated statements of cash flows for the three, six and nine months ended March 31, 2013, June 30, 2013, and September 30, 2013, respectively, and the condensed consolidated balance sheets as of March 31, 2013, June 30, 2013 and September 30, 2013. | ||||||||||||||||||||||||||||
CONSOLIDATED STATEMENT OF OPERATIONS | ||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | ||||||||||||||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | |||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | |||||||||||||||||||||||||||
As | As | |||||||||||||||||||||||||||
Previously | Correction | As | Previously | Correction | As | |||||||||||||||||||||||
Reported | of Errors | Restated | Reported | of Errors | Restated | |||||||||||||||||||||||
Selling, general and administrative expenses | $ | 5,218 | $ | (103 | ) | $ | 5,115 | $ | 18,899 | $ | (310 | ) | $ | 18,589 | ||||||||||||||
Total operating expenses | 9,732 | (103 | ) | 9,629 | 32,380 | (310 | ) | 32,070 | ||||||||||||||||||||
Operating income (loss) | (2,202 | ) | 103 | (2,099 | ) | (9,663 | ) | 310 | (9,353 | ) | ||||||||||||||||||
Income (loss) before income taxes | 894 | 103 | 997 | (344 | ) | 310 | (34 | ) | ||||||||||||||||||||
Income tax expense (benefit) | 331 | 323 | 654 | (114 | ) | 417 | 303 | |||||||||||||||||||||
Net income (loss) | 563 | (220 | ) | 343 | (230 | ) | (107 | ) | (337 | ) | ||||||||||||||||||
Net income (loss) applicable to common stock | 557 | (220 | ) | 337 | (249 | ) | (107 | ) | (356 | ) | ||||||||||||||||||
Basic income (loss) per share | 0.09 | (0.03 | ) | 0.06 | (0.04 | ) | (0.02 | ) | (0.06 | ) | ||||||||||||||||||
Diluted income (loss) per share | 0.09 | (0.03 | ) | 0.06 | (0.04 | ) | (0.02 | ) | (0.06 | ) | ||||||||||||||||||
CONSOLIDATED STATEMENT OF OPERATIONS | ||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | ||||||||||||||||||||||||||||
For the Three Months Ended | For the Six Months Ended | |||||||||||||||||||||||||||
30-Jun-13 | 30-Jun-13 | |||||||||||||||||||||||||||
As | As | |||||||||||||||||||||||||||
Previously | Correction | As | Previously | Correction | As | |||||||||||||||||||||||
Reported | of Errors | Restated | Reported | of Errors | Restated | |||||||||||||||||||||||
Selling, general and administrative expenses | $ | 6,329 | $ | (103 | ) | $ | 6,226 | $ | 13,681 | $ | (207 | ) | $ | 13,474 | ||||||||||||||
Total operating expenses | 10,505 | (103 | ) | 10,402 | 22,648 | (207 | ) | 22,441 | ||||||||||||||||||||
Operating income (loss) | (3,058 | ) | 103 | (2,955 | ) | (7,461 | ) | 207 | (7,254 | ) | ||||||||||||||||||
Income (loss) before income taxes | 43 | 103 | 146 | (1,238 | ) | 207 | (1,031 | ) | ||||||||||||||||||||
Income tax expense (benefit) | 3 | 152 | 155 | (445 | ) | 94 | (351 | ) | ||||||||||||||||||||
Net income (loss) | 40 | (49 | ) | (9 | ) | (793 | ) | 113 | (680 | ) | ||||||||||||||||||
Net income (loss) applicable to common stock | 33 | (49 | ) | (16 | ) | (806 | ) | 113 | (693 | ) | ||||||||||||||||||
Basic income (loss) per share | 0.01 | (0.01 | ) | - | (0.14 | ) | 0.02 | (0.12 | ) | |||||||||||||||||||
Diluted income (loss) per share | 0.01 | (0.01 | ) | - | (0.14 | ) | 0.02 | (0.12 | ) | |||||||||||||||||||
CONSOLIDATED STATEMENT OF OPERATIONS | ||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | ||||||||||||||||||||||||||||
For the Three Months Ended | ||||||||||||||||||||||||||||
31-Mar-13 | ||||||||||||||||||||||||||||
As | ||||||||||||||||||||||||||||
Previously | Correction | As | ||||||||||||||||||||||||||
Reported | of Errors | Restated | ||||||||||||||||||||||||||
Selling, general and administrative expenses | $ | 7,352 | $ | (104 | ) | $ | 7,248 | |||||||||||||||||||||
Total operating expenses | 12,143 | (104 | ) | 12,039 | ||||||||||||||||||||||||
Operating income (loss) | (4,403 | ) | 104 | (4,299 | ) | |||||||||||||||||||||||
Income (loss) before income taxes | (1,281 | ) | 104 | (1,177 | ) | |||||||||||||||||||||||
Income tax benefit | (448 | ) | (58 | ) | (506 | ) | ||||||||||||||||||||||
Net income (loss) | (833 | ) | 162 | (671 | ) | |||||||||||||||||||||||
Net income (loss) applicable to common stock | (839 | ) | 162 | (677 | ) | |||||||||||||||||||||||
Basic income (loss) per share | (0.15 | ) | 0.03 | (0.12 | ) | |||||||||||||||||||||||
Diluted income (loss) per share | (0.15 | ) | 0.03 | (0.12 | ) | |||||||||||||||||||||||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
($ in thousands) | ||||||||||||||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | |||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | |||||||||||||||||||||||||||
As | As | |||||||||||||||||||||||||||
Previously | Correction | As | Previously | Correction | As | |||||||||||||||||||||||
Reported | of Errors | Restated | Reported | of Errors | Restated | |||||||||||||||||||||||
Net income (loss) | $ | 563 | $ | (220 | ) | $ | 343 | $ | (230 | ) | $ | (107 | ) | $ | (337 | ) | ||||||||||||
Other comprehensive income | 93 | 51 | 144 | 279 | 155 | 434 | ||||||||||||||||||||||
Comprehensive income (loss) | 656 | (169 | ) | 487 | 49 | 48 | 97 | |||||||||||||||||||||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
($ in thousands) | ||||||||||||||||||||||||||||
For the Three Months Ended | For the Six Months Ended | |||||||||||||||||||||||||||
30-Jun-13 | 30-Jun-13 | |||||||||||||||||||||||||||
As | As | |||||||||||||||||||||||||||
Previously | Correction | As | Previously | Correction | As | |||||||||||||||||||||||
Reported | of Errors | Restated | Reported | of Errors | Restated | |||||||||||||||||||||||
Net income (loss) | $ | 40 | $ | (49 | ) | $ | (9 | ) | $ | (793 | ) | $ | 113 | $ | (680 | ) | ||||||||||||
Other comprehensive income | 93 | 52 | 145 | 186 | 104 | 290 | ||||||||||||||||||||||
Comprehensive income (loss) | 133 | 3 | 136 | (607 | ) | 217 | (390 | ) | ||||||||||||||||||||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
($ in thousands) | ||||||||||||||||||||||||||||
For the Three Months Ended | ||||||||||||||||||||||||||||
31-Mar-13 | ||||||||||||||||||||||||||||
As | ||||||||||||||||||||||||||||
Previously | Correction | As | ||||||||||||||||||||||||||
Reported | of Errors | Restated | ||||||||||||||||||||||||||
Net income (loss) | $ | (833 | ) | $ | 162 | $ | (671 | ) | ||||||||||||||||||||
Other comprehensive income | 93 | 51 | 144 | |||||||||||||||||||||||||
Comprehensive income (loss) | (740 | ) | 213 | (527 | ) | |||||||||||||||||||||||
CONSOLIDATED BALANCE SHEETS | ||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
($ in thousands) | ||||||||||||||||||||||||||||
As of March 31, 2013 | As of June 30, 2013 | As of September 30, 2013 | ||||||||||||||||||||||||||
As | As | As | ||||||||||||||||||||||||||
Previously | Correction | As | Previously | Correction | As | Previously | Correction | As | ||||||||||||||||||||
Reported | of Errors | Restated | Reported | of Errors | Restated | Reported | of Errors | Restated | ||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||||||
Prepaid income taxes | $ | 1,670 | $ | (200 | ) | $ | 1,470 | $ | 1,667 | $ | (77 | ) | $ | 1,590 | $ | 1,272 | $ | (330 | ) | $ | 942 | |||||||
Deferred income taxes | 268 | (151 | ) | 117 | 268 | (151 | ) | 117 | 268 | (151 | ) | 117 | ||||||||||||||||
Total current assets | 8,585 | (351 | ) | 8,234 | 7,299 | (228 | ) | 7,071 | 7,412 | (481 | ) | 6,931 | ||||||||||||||||
Long-term assets: | ||||||||||||||||||||||||||||
Deferred income taxes | 823 | (823 | ) | - | 771 | (771 | ) | - | 797 | (797 | ) | - | ||||||||||||||||
Total assets | 43,054 | (1,174 | ) | 41,880 | 41,322 | (999 | ) | 40,323 | 40,220 | (1,278 | ) | 38,942 | ||||||||||||||||
Long-term liabilities: | ||||||||||||||||||||||||||||
Deferred income taxes | - | 154 | 154 | - | 429 | 429 | - | 421 | 421 | |||||||||||||||||||
Pension and postretirement | ||||||||||||||||||||||||||||
benefit obligations | 7,931 | (104 | ) | 7,827 | 7,929 | (207 | ) | 7,722 | 7,661 | (310 | ) | 7,351 | ||||||||||||||||
Total liabilities | 30,773 | 50 | 30,823 | 30,166 | 222 | 30,388 | 28,075 | 111 | 28,186 | |||||||||||||||||||
Accumulated other comprehensive income (loss) | (3,906 | ) | 51 | (3,855 | ) | (3,813 | ) | 103 | (3,710 | ) | (3,720 | ) | 155 | (3,565 | ) | |||||||||||||
Retained earnings | 11,125 | (1,275 | ) | 9,850 | 9,502 | (1,324 | ) | 8,178 | 10,065 | (1,544 | ) | 8,521 | ||||||||||||||||
Total shareholders' equity | 12,281 | (1,224 | ) | 11,057 | 11,156 | (1,221 | ) | 9,935 | 12,145 | (1,389 | ) | 10,756 | ||||||||||||||||
Total liabilities | ||||||||||||||||||||||||||||
and shareholders' equity | 43,054 | (1,174 | ) | 41,880 | 41,322 | (999 | ) | 40,323 | 40,220 | (1,278 | ) | 38,942 | ||||||||||||||||
CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
($ in thousands) | ||||||||||||||||||||||||||||
For the Three Months Ended | For the Six Months Ended | For the Nine Months Ended | ||||||||||||||||||||||||||
31-Mar-13 | 30-Jun-13 | 30-Sep-13 | ||||||||||||||||||||||||||
As | As | As | ||||||||||||||||||||||||||
Previously | Correction | As | Previously | Correction | As | Previously | Correction | As | ||||||||||||||||||||
Reported | of Errors | Restated | Reported | of Errors | Restated | Reported | of Errors | Restated | ||||||||||||||||||||
Net income (loss) | $ | (833 | ) | $ | 162 | $ | (671 | ) | $ | (793 | ) | $ | 113 | $ | (680 | ) | $ | (230 | ) | $ | (107 | ) | $ | (337 | ) | |||
Deferred income taxes | - | 40 | 40 | - | 315 | 315 | (78 | ) | 385 | 307 | ||||||||||||||||||
Other assets | (499 | ) | (98 | ) | (597 | ) | (510 | ) | (221 | ) | (731 | ) | (289 | ) | 32 | (257 | ) | |||||||||||
Other accruals and liabilities | 1,435 | (104 | ) | 1,331 | 477 | (207 | ) | 270 | 248 | (310 | ) | (62 | ) | |||||||||||||||
Net cash provided by (used in) | ||||||||||||||||||||||||||||
operating activities | 560 | - | 560 | (181 | ) | - | (181 | ) | 657 | - | 657 |
Commitments_And_Contingencies
Commitments And Contingencies | 12 Months Ended | ||
Dec. 31, 2013 | |||
Commitments And Contingencies [Abstract] | ' | ||
Commitments And Contingencies | ' | ||
NOTE 19: COMMITMENTS AND CONTINGENCIES | |||
The Company leases office equipment for operations as well as office space in Philadelphia, Pennsylvania and Syracuse, New York Total expenses associated with these agreements were $0.3 million, $0.4 million and $0.3 million in 2013, 2012 and 2011, respectively. | |||
The future aggregate operating lease commitments as of December 31, 2013 were as follows: | |||
($ in thousands) | |||
2014 | $ | 348 | |
2015 | 357 | ||
2016 | 355 | ||
2017 | 280 | ||
2018 and thereafter | 1,409 | ||
Total | $ | 2,749 | |
The Company has commitments with certain vendors related to access lines and seat licenses. The future aggregate commitment for these is $ 5.4 million beginning in 2014 through 2017. | |||
The Company entered into capital finance agreements for $0.4 million during the year ended December 31, 2013 at interest rates ranging 4.678% to 8.962% and maturity dates of three years. The Company utilizes capital leases to fund equipment and software purchases. | |||
From time-to-time the Company is involved in litigation relating to legal claims arising in the normal course of business. These claims are generally covered by insurance. The Company is not currently subject to any litigation which, singularly or in the aggregate, could reasonably be expected to have a material adverse effect on the Company's financial position, results of operations or cash flows. | |||
Approximately 23% of the Company's employees are represented by Local 503 of the International Brotherhood of Electrical Workers. | |||
The existing contract with the Company's union employees expires on October 31, 2016. | |||
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
NOTE 20: SUBSEQUENT EVENTS | |
The Company has evaluated subsequent events occurring after the balance sheet date. Based on this evaluation, the Company has determined that no subsequent events have occurred which require disclosure in the consolidated financial statements. | |
Nature_Of_Operations_And_Criti1
Nature Of Operations And Critical Accounting Policies And Estimates (Policy) | 12 Months Ended | |
Dec. 31, 2013 | ||
Nature Of Operations And Critical Accounting Policies And Estimates [Abstract] | ' | |
Basis Of Presentation | ' | |
Basis of Presentation | ||
The accompanying consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with U.S. GAAP. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All material intercompany transactions and balances have been eliminated in the consolidated financial statements | ||
The Company's interest in the Orange County-Poughkeepsie Limited Partnership ("O-P") is accounted for under the equity method of accounting (Note 10). | ||
Use Of Estimates | ' | |
Use of Estimates | ||
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reported period. Significant estimates include, but are not limited to, depreciation expense, allowance for doubtful accounts, long-lived assets, pension and postretirement expenses, Telephone revenue realized under pooling arrangements, and income taxes. Actual results could differ from those estimates. | ||
Revenue Recognition | ' | |
Revenue Recognition | ||
The Company derives its revenue from the sale of UC services as well as traditional telephone services. | ||
The Company recognizes revenue when (i) persuasive evidence of an arrangement between the Company and the customer exists, (ii) the delivery of the product to the customer has occurred or service has been provided to the customer, (iii) the price to the customer is fixed or determinable, and (iv) collectability of the sales or service price is reasonably assured. Revenue is reported net of all applicable sales tax. | ||
UC | ||
The Company's UC services and solutions consist primarily of its hosted VoIP UC system, certain UC applications, and other professional services associated with the installation and activation. Additionally, the Company offers customers the ability to purchase telephone equipment from the Company directly or independently from external vendors. | ||
Multiple element arrangements primarily include the sale of telephone equipment, along with professional services associated with installation, activation and implementation services, as well as follow on hosting services. The Company has concluded that the separate units of accounting in these arrangements consist of (i) the telephone equipment sale and (ii) the professional services provided combined with the follow on hosting services. The professional services provided do not constitute a separate unit of accounting as they do not have value to the customer on a stand-alone basis. Arrangement consideration is allocated to the separate units of accounting based on the relative selling price. The selling price for telephone equipment is based on third-party evidence representing list prices for similar equipment when sold a stand-alone basis. The selling price for professional and hosting services is based on the Company's best estimate of selling price (BESP). The Company develops its BESP by considering pricing practices, margin, competition and overall market trends | ||
The Company bills a portion of its monthly recurring hosted service revenue a month in advance. Any amounts billed and collected, but for which the service is not yet delivered, are included in deferred revenue. These amounts are recognized as revenues only when the service is delivered. | ||
Equipment sales associated with the sale of telephone equipment is recognized upon delivery to the customer, as it is considered to be a separate earnings process. The sales are recognized on a gross basis, as the Company is considered the principal obligor in customer transactions among other considerations. Other upfront fees, excluding equipment, along with associated costs, up to but not exceeding these fees, are deferred and recognized over the estimated life of the customer relationship. The Company has estimated its customer relationship life at eight years and evaluates it periodically for continued appropriateness. | ||
Telephone | ||
Revenue is earned from monthly billings to customers for local voice services, long distance, DSL, Internet services, hardware and other services. Revenue is also derived from charges for network access to the local exchange telephone network from subscriber line charges and from contractual arrangements for services such as billing and collection and directory advertising. Revenue is recognized in the period in which service is provided to the customer. Directory advertising revenue is recorded ratably over the life of the directory. With multiple billing cycles, the Company accrues revenue earned but not yet billed at the end of a quarter. The Company also defers services billed in advance and recognizes them as income when earned. | ||
The Telephone Segment markets competitive service bundles which may include multiple deliverables. The base bundles consist of voice services (including a business or residential phone line), calling features and long distance services and customers may choose to add internet services to a base bundle package. Separate units of accounting within the bundled packages include voice services, long distance and Internet services. Revenue for all services included in bundles are recognized over the same service period, which is the time period in which the service is provided to the customer. | ||
Certain revenue is realized under pooling arrangements with other service providers and is divided among the companies based on respective costs and investments to provide the services. The companies that take part in pooling arrangements may adjust their costs and investments for a period of two years, which causes the funds distributed by the pool to be adjusted retroactively. The Company believes that recorded amounts represent reasonable estimates of the final distribution from these pools. However, to the extent that the companies participating in these pools make adjustments, there will be corresponding adjustments to the Company's recorded revenue in future periods. | ||
Revenue from these pooling arrangements which includes Universal Service Funds ("USF") and National Exchange Carrier Association ("NECA") pool settlements, accounted for 5%, 8% and 11% of the Company's consolidated revenues for the years December 31, 2013, 2012 and 2011, respectively. | ||
Allowance For Uncollectable Accounts | ' | |
Allowance for Uncollectible Accounts | ||
The Company maintains allowances for estimated losses resulting from the inability of specific customers to meet their financial obligations to the Company. A specific reserve for doubtful receivables is recorded against the amount due from these customers. For all other customers, the Company recognizes reserves for doubtful receivables based on the length of time specific receivables are past due based on past experience. Uncollectible accounts are charged against the allowance for doubtful accounts and subsequent cash recoveries of previously written-off bad debts are credited to the account. | ||
Advertising And Promotional Costs | ' | |
Advertising and Promotional Costs | ||
Advertising and promotional costs are expensed as incurred. Advertising and promotional expenses were $1.1 million, $1.0 million, and $1.1 million for 2013, 2012 and 2011, respectively. | ||
Income Taxes | ' | |
Income Taxes | ||
The Company records deferred taxes that arise from temporary differences between the financial statement and the tax basis of assets and liabilities. Deferred taxes are classified as current or non-current, depending on the classification of the assets and liabilities to which they relate. Deferred tax assets and deferred tax liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment. The Company's deferred taxes result principally from differences in the timing of depreciation and in the accounting for pensions and other postretirement benefits. | ||
The process of providing for income taxes and determining the related balance sheet accounts requires management to assess uncertainties, make judgments regarding outcomes and utilize estimates. Management must make judgments currently about such uncertainties and determine estimates of the Company's tax assets and liabilities. To the extent the final outcome differs, future adjustments to the Company's tax assets and liabilities may be necessary. | ||
The Company assesses the realizability of its deferred tax assets, taking into consideration future reversals of existing temporary differences, the Company's forecast of future taxable income principally arising from its O-P put (see Note 10), and available tax planning strategies that could be implemented to realize the deferred tax assets. Based on this assessment, management must evaluate the need for, and the amount of, valuation allowances against the Company's deferred tax assets. To the extent facts and circumstances change in the future, adjustments to the valuation allowances may be required. | ||
Accounting for uncertainty in income taxes requires uncertain tax positions to be classified as non-current income tax liabilities unless they are expected to be paid within one year. The Company has adopted the accounting guidance for uncertain tax positions and has concluded that there are no uncertain tax positions requiring recognition in its consolidated financial statements as of December 31, 2013 and 2012. The Company recognizes interest accrued related to unrecognized tax benefit in interest expenses. | ||
Property, Plant And Equipment | ' | |
Property, Plant and Equipment | ||
The Company records property, plant and equipment at cost or fair market value for its acquired properties resulting from a business acquisition. Construction costs, labor and applicable overhead costs related to installations, and interest during construction are capitalized. Costs of maintenance and repairs of property, plant and equipment are charged to operating expense. The estimated useful life of support equipment (vehicles, computers, etc.) ranges from 3 to 19 years. The estimated useful lives of communication and network equipment range from 10 to 15 years. The estimated useful lives of Internet equipment range from 3 to 5 years. The estimated useful lives of buildings and other support equipment range from 14 to 50 years. Depreciation expense is computed using the straight-line method. | ||
Materials And Supplies | ' | |
Materials and Supplies | ||
The Company's materials and supplies are carried at average cost, net of reserves for obsolescence, and consist principally of telephone equipment, telephone pole and wiring spare parts and other ancillary equipment for resale. | ||
Cash And Cash Equivalents | ' | |
Cash and Cash Equivalents | ||
The Company considers all highly liquid instruments with an initial maturity from the date of purchase of three months or less to be cash equivalents. Cash equivalents consist primarily of money market mutual funds. The Company places its cash in a limited number of financial institutions. The balances are insured by the Federal Deposit Insurance Corporation up to $0.25 million. At times, the deposits in banks may exceed the amount of insurance provided on such deposits. The Company monitors the financial health of those banking institutions. Historically, the Company has not experienced any losses on deposits. | ||
Fair Value Of Financial Instruments | ' | |
Fair Value of Financial Instruments | ||
As of December 31, 2013 and 2012, the Company's financial instruments consisted of cash, cash equivalents, short-term investments, accounts receivable, accounts payable, and debt. The Company believes that the carrying values of cash, cash equivalents, short-term investments, accounts receivable and accounts payable at December 31, 2013 and 2012 approximated fair value due to their short-term maturity. Based on the borrowing rates currently available to the Company for loans of similar terms, the Company has determined that the carrying value of its debt approximates fair value. | ||
Goodwill | ' | |
Goodwill | ||
Goodwill represents the excess of the purchase price of an acquired business over the net fair value of identifiable assets acquired and liabilities assumed. Goodwill is not amortized, rather tested for impairment at least annually. The Company's impairment testing for goodwill is performed annually on December 31, or whenever events or circumstances indicate that there may be impairment. For the purpose of the goodwill impairment test, the Company can elect to perform a qualitative analysis to determine if it is more likely than not that the fair values of its reporting units are less than the respective carrying values of those reporting units. The Company elected to bypass performing the qualitative screen and went directly to performing the first step quantitative analysis of the goodwill impairment test in the current year. The first step in the quantitative process is to compare the carrying amount of the reporting unit's net assets to the fair value of the reporting unit. If the fair value exceeds the carrying value, no further evaluation is required and no impairment loss is recognized. If the carrying amount exceeds the fair value, then the second step must be completed, which involves allocating the fair value of the reporting unit to each asset and liability, with the excess being implied goodwill. An impairment loss occurs if the amount of the recorded goodwill exceeds the implied goodwill. The Company would be required to record any such impairment losses. | ||
Seat Licenses And Other Intangible Assets | ' | |
Seat Licenses and Other Intangible Assets | ||
Seat license are amortized by the straight-line method over their useful lives of 5 years. Other intangible assets that have finite useful lives are amortized by the straight-line method over their useful lives ranging from 3 to 15 years. | ||
Impairment Of Long-Lived Assets | ' | |
Impairment of Long-Lived Assets | ||
The Company reviews business conditions to determine the recoverability of the carrying value of its long-lived assets, seat licenses and other intangibles on a periodic basis in order to identify business conditions that may indicate a possible impairment. The assessment for potential impairment is based primarily on the Company's ability to recover the carrying value of its long-lived assets from expected future undiscounted cash flows. If total expected future undiscounted cash flows are less than the carrying value of the assets, a loss is recognized for the difference between the fair value (computed based upon the expected market value or future discounted cash flows) and the carrying value of the assets. The Company periodically performs evaluations of the recoverability of the carrying value of its long-lived assets using gross undiscounted cash flow projections. The cash flow projections include long-term forecasts of revenue growth, gross margins and capital expenditures. All of these items require significant judgment and assumptions. The Company believes its estimates are reasonable, based on information available at the time they were made (see Note 8). However, if the estimates of future cash flows are different, the Company may conclude that some of its long-lived assets were not recoverable, which would likely cause the Company to record a material impairment charge. Also, if future cash flows are significantly lower than projections, the Company may determine at some future date that all or a portion of its long-lived assets are not recoverable. | ||
Pension And Postretirement Obligations | ' | |
Pension and Postretirement Obligations | ||
The Company follows ASC Topic 715, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans. This guidance requires the recognition of the funded status of a benefit plan, measured as the difference between plan assets at fair value and the benefit obligation, in its balance sheet. For a pension plan, the benefit obligation is the projected benefit obligation; for any other postretirement benefit plan, such as a retiree health care plan, the benefit obligation is the accumulated postretirement benefit obligation. The Company is also required to recognize as a component of accumulated other comprehensive loss changes to the balances of the unrecognized prior service cost and the unrecognized actuarial loss, net of income taxes that arise during the period. The Company is also required to measure defined benefit plan assets and obligations as of the date of the Company's year-end. | ||
Stock-Based Compensation | ' | |
Stock-Based Compensation | ||
The Company measures the cost of employee services received in exchange for the award of an equity instrument based on the grant-date fair value of the award, with such cost recognized over the applicable vesting period. | ||
Restricted Stock | ||
The fair value of restricted stock is based on the closing market price of the Company's common stock on the day before the date of grant. These awards generally vest, and are settled in common stock, over a 3 year period from the date of grant. The Company recognizes compensation expense using the straight-line method over the life of the restricted stock. | ||
Stock Options | ||
The fair value of the options granted is estimated at the date of grant using the Black-Scholes option-pricing model utilizing assumptions based on historical data and current market data. The assumptions include expected term of the options, risk-free interest rate, expected volatility, and dividend yield. The expected term represents the expected amount of time that options granted are expected to be outstanding. The Company used the simplified method as the Company's Long-Term Incentive Plan was put in place in 2008 and does not have enough exercises to generate a historical trend. The interest rate is based U.S. Treasury yield curve at the time of grant with a term equal to the expected term of the option. Expected volatility is estimated using historical volatility rates based on historical monthly price changes. The Company's dividend yield is based on historical data. The Company recognizes compensation expense using the straight-line method over the vesting period of the options. | ||
Fair Value | ' | |
Fair Value | ||
Fair value is the estimated price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company is required by accounting standards to provide the disclosure framework for measuring fair value and expanded disclosure about fair value measurements. Fair value measurements are classified and disclosed in one of the following categories: | ||
Level 1: | Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. The Company considers active markets as those in which transactions for the assets or liabilities occur in sufficient frequency and volume to provide pricing information on an ongoing basis. | |
Level 2: | These are inputs, other than quoted prices that are included in Level 1, which are observable in the marketplace throughout the term of the assets or liabilities, can be derived from observable data, or supported by observable levels at which transactions are executed in the marketplace. | |
Level 3: | Measured based on prices or valuation models that require inputs that are both significant to the fair value measurement and less observable from objective sources (i.e. supported by little or no market activity). The Company does not have sufficient corroborating evidence to support classifying these assets and liabilities as Level 1 or Level 2. | |
Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels. | ||
The Company measured its pension and postretirement plan assets at fair value as of December 31, 2013 and 2013 (see Note 12). The Company does not have any other financial assets or liabilities measured at fair value on a recurring basis. | ||
Reclassifications | ' | |
Reclassifications | ||
Certain items in 2012 and 2011 in the Consolidated Statement of Comprehensive Loss and pension plans and other postretirement obligations footnote (see Note 13) have been reclassified to conform with 2013 presentation. | ||
Restatement_Of_Consolidated_Fi1
Restatement Of Consolidated Financial Statements (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Restatement Of Consolidated Financial Statements [Abstract] | ' | ||||||||||||||||||
Schedule Of Effects Of Restatement | ' | ||||||||||||||||||
CONSOLIDATED STATEMENT OF OPERATIONS | |||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||
($ in thousands, except per share amounts) | |||||||||||||||||||
Correction of | |||||||||||||||||||
As previously reported | Income Taxes | As restated | |||||||||||||||||
Income tax expense (benefit) | $ | (4,481 | ) | $ | 1,437 | $ | (3,044 | ) | |||||||||||
Net loss | (9,452 | ) | (1,437 | ) | (10,889 | ) | |||||||||||||
Net loss applicable to common stock | (9,477 | ) | (1,437 | ) | (10,914 | ) | |||||||||||||
Basic loss per common share | (1.66 | ) | (0.25 | ) | (1.91 | ) | |||||||||||||
Diluted loss per common share | (1.66 | ) | (0.25 | ) | (1.91 | ) | |||||||||||||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||
($ in thousands) | |||||||||||||||||||
Correction of | |||||||||||||||||||
As previously reported | Income Taxes | As restated | |||||||||||||||||
Net loss | $ | (9,452 | ) | $ | (1,437 | ) | $ | (10,889 | ) | ||||||||||
Comprehensive loss | (8,472 | ) | (1,437 | ) | (9,909 | ) | |||||||||||||
CONSOLIDATED BALANCE SHEET | |||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||
($ in thousands) | |||||||||||||||||||
Correction of | |||||||||||||||||||
As Previously Reported | Deferred Taxes | As Restated | |||||||||||||||||
Current assets: | |||||||||||||||||||
Prepaid income taxes | $ | 1,222 | $ | (298 | ) | $ | 924 | ||||||||||||
Deferred income taxes | 268 | (151 | ) | 117 | |||||||||||||||
Total current assets | 8,453 | (449 | ) | 8,004 | |||||||||||||||
Long-term assets: | |||||||||||||||||||
Deferred income taxes | 874 | (874 | ) | - | |||||||||||||||
Total assets | 43,445 | (1,323 | ) | 42,122 | |||||||||||||||
Long-term liabilities: | |||||||||||||||||||
Deferred income taxes | - | 114 | 114 | ||||||||||||||||
Total liabilities | 28,910 | 114 | 29,024 | ||||||||||||||||
Retained earnings | 13,628 | (1,437 | ) | 12,191 | |||||||||||||||
Total shareholders' equity | 14,535 | (1,437 | ) | 13,098 | |||||||||||||||
Total liabilities and shareholders' equity | 43,445 | (1,323 | ) | 42,122 | |||||||||||||||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||
($ in thousands) | |||||||||||||||||||
Correction of | |||||||||||||||||||
As Previously Reported | Income Taxes | As Restated | |||||||||||||||||
Net loss | $ | (9,452 | ) | $ | (1,437 | ) | $ | (10,889 | ) | ||||||||||
Deferred income taxes | (3,949 | ) | 1,139 | (2,810 | ) | ||||||||||||||
Prepaid income taxes | 1,493 | 298 | 1,791 | ||||||||||||||||
Net cash used in operating activities | (2,583 | ) | - | (2,583 | ) | ||||||||||||||
CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY | |||||||||||||||||||
As previously reported | Correction of income taxes | As restated | |||||||||||||||||
Retained | Retained | Retained | |||||||||||||||||
Earnings | Total Shareholders' Equity | Earnings | Total Shareholders' Equity | Earnings | Total Shareholders' Equity | ||||||||||||||
($ in thousands) | |||||||||||||||||||
Balance, December 31, 2011 | $ | 29,364 | $ | 24,876 | $ | - | $ | - | $ | 29,364 | $ | 24,876 | |||||||
Net losss for the year | (9,452 | ) | (9,452 | ) | (1,437 | ) | (1,437 | ) | (10,889 | ) | (10,889 | ) | |||||||
Balance, December 31, 2012 | 13,628 | 14,535 | (1,437 | ) | (1,437 | ) | 12,191 | 13,098 |
Nature_Of_Operations_And_Criti2
Nature Of Operations And Critical Accounting Policies And Estimates (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Nature Of Operations And Critical Accounting Policies And Estimates [Abstract] | ' | |||||||||
Schedule Of Allowance For Uncollectible Accounts | ' | |||||||||
2013 | 2012 | 2011 | ||||||||
Balance at the beginning of the year | $ | 638 | $ | 759 | 350 | |||||
Additions (reductions) charges to expense | (125 | ) | 672 | 534 | ||||||
Recoveries of previous write offs | 97 | 24 | 44 | |||||||
Current period write offs | (232 | ) | (817 | ) | (169 | ) | ||||
Balance at the end of the year | $ | 378 | $ | 638 | $ | 759 |
Goodwill_Tables
Goodwill (Tables) | 12 Months Ended | |||||
Dec. 31, 2013 | ||||||
Goodwill Amd Intangible Assets[Abstract] | ' | |||||
Schedule Of Goodwill | ' | |||||
As of December 31, | ||||||
2013 | 2012 | |||||
($ in thousands) | ||||||
Beginning of year, Goodwill - Unified Communications | $ | 9,121 | $ | 9,121 | ||
Disposals | (115 | ) | - | |||
End of year, Goodwill - Unified Communications | $ | 9,006 | $ | 9,121 |
Seat_Licenses_And_Other_Intang1
Seat Licenses And Other Intangible Assets (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Seat Licenses [Member] | ' | ||||||||
Finite-Lived Intangible Assets [Line Items] | ' | ||||||||
Components Of Other Intangible Assets | ' | ||||||||
Gross | Accumulated | Net | |||||||
($ in thousands) | Value | Amortization | Value | ||||||
As of December 31, 2013 | |||||||||
Seat licenses | $ | 2,606 | $ | (857 | ) | $ | 1,749 | ||
Gross | Accumulated | Net | |||||||
($ in thousands) | Value | Amortization | Value | ||||||
As of December 31, 2012 | |||||||||
Seat licenses | $ | 2,072 | $ | (558 | ) | $ | 1,514 | ||
Schedule Of Expected Amortization Expense | ' | ||||||||
Amount | |||||||||
Year | ($ in thousands) | ||||||||
2014 | $ | 507 | |||||||
2015 | 504 | ||||||||
2016 | 416 | ||||||||
2017 | 199 | ||||||||
2018 | 35 | ||||||||
Other Intangible Assets [Member] | ' | ||||||||
Finite-Lived Intangible Assets [Line Items] | ' | ||||||||
Components Of Other Intangible Assets | ' | ||||||||
Average Estimated | Gross | Accumulated | Net | ||||||
($ in thousands) | Useful Lives | Value | Amortization | Value | |||||
As of December 31, 2013 | |||||||||
Customer relationships | 8 years | $ | 5,400 | $ | (1,631 | ) | $ | 3,769 | |
Trade name | 15 years | 2,400 | (387 | ) | 2,013 | ||||
Website | 12 years | 79 | (5 | ) | 74 | ||||
Total | $ | 7,879 | $ | (2,023 | ) | $ | 5,856 | ||
Average Estimated | Gross | Accumulated | Net | ||||||
($ in thousands) | Useful Lives | Value | Amortization | Value | |||||
As of December 31, 2012 | |||||||||
Customer relationships | 8 years | $ | 5,400 | $ | (956 | ) | $ | 4,444 | |
Trade name | 15 years | 2,400 | (227 | ) | 2,173 | ||||
Total | $ | 7,800 | $ | (1,183 | ) | $ | 6,617 | ||
Schedule Of Expected Amortization Expense | ' | ||||||||
Amount | |||||||||
Year | ($ in thousands) | ||||||||
2014 | $ | 846 | |||||||
2015 | 846 | ||||||||
2016 | 844 | ||||||||
2017 | 839 | ||||||||
2018 | 839 |
Property_Plant_And_Equipment_T
Property, Plant And Equipment (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Property, Plant And Equipment [Abstract] | ' | ||||
Schedule Of Property, Plant And Equipment | ' | ||||
As of December 31, | |||||
($ in thousands) | 2013 | 2012 | |||
Land, buildings and other support equipment | $ | 10,777 | $ | 10,647 | |
Network communications equipment | 31,289 | 35,183 | |||
Telephone and online plant | 34,307 | 33,935 | |||
Plant in service | 76,373 | 79,765 | |||
Plant under construction | 24 | 34 | |||
76,397 | 79,799 | ||||
Less: Accumulated depreciation | 62,560 | 63,353 | |||
Property, plant and equipment, net | $ | 13,837 | $ | 16,446 |
Orange_CountyPoughkeepsie_Limi1
Orange County-Poughkeepsie Limited Partnership (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Orange County-Poughkeepsie Limited Partnership [Abstract] | ' | ||||||
Summarized O-P Income Statement Information | ' | ||||||
For the Years Ended December 31, | |||||||
($ in thousands) | 2013 | 2012 | 2011(1) | ||||
Net revenue | $ | 331,278 | $ | 310,416 | $ | 273,340 | |
Cellular service cost | 156,699 | 151,712 | 122,142 | ||||
Operating expenses | 84,927 | 81,152 | 53,832 | ||||
Operating income | 89,652 | 77,552 | 97,366 | ||||
Other income | 27 | 14 | 40 | ||||
Net income | $ | 89,679 | $ | 77,566 | $ | 97,406 | |
Company share | $ | 7,271 | $ | 6,290 | $ | 7,898 | |
(1) The twelve months ended December 31, 2011 income statement represents five months of the O-P operating as a wholesale business and seven months of the O-P operating as a retail business in accordance with Amendment 6 to the O-P Limited Partnership Agreement effective May 1, 2011. | |||||||
Summarized O-P Balance Sheet Information | ' | ||||||
As of December 31, | |||||||
($ in thousands) | 2013 | 2012 | |||||
Current assets | $ | 23,351 | $ | 22,370 | |||
Property, plant and equipment, net | 41,646 | 41,072 | |||||
Other Assets | 365 | - | |||||
Total assets | $ | 65,362 | $ | 63,442 | |||
Total liabilities | $ | 17,887 | $ | 30,162 | |||
Partners' capital | 47,475 | 33,280 | |||||
Total liabilities and partners' capital | $ | 65,362 | $ | 63,442 |
Debt_Obligations_Tables
Debt Obligations (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Debt Obligations [Abstract] | ' | ||||
Schedule Of Debt Obligations | ' | ||||
As of December 31, | |||||
($ in thousands) | 2013 | 2012 | |||
Short-term debt: | |||||
Capital leases and other borrowings, current portion | $ | 428 | $ | - | |
TriState credit line | 9,698 | - | |||
10,126 | - | ||||
Long-term debt: | |||||
Capital leases and other borrowings | 297 | - | |||
CoBank ACB revolving loan facility | - | 8,595 | |||
Provident Bank credit line | - | 4,000 | |||
TriState credit line | - | 1,500 | |||
297 | 14,095 | ||||
Total debt obligations | $ | 10,423 | $ | 14,095 |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Taxes [Abstract] | ' | ||||||||
Schedule Of Components Of Income Tax Expense (Benefit) | ' | ||||||||
For the Years Ended December 31, | |||||||||
2013 | 2012 | 2011 | |||||||
(as restated) | |||||||||
($ in thousands) | |||||||||
Provision for (benefit from) for income tax | |||||||||
Current: | |||||||||
Federal | $ | 876 | $ | (232 | ) $ | (1,150 | ) | ||
State and local | 22 | (2 | ) | 51 | |||||
898 | (234 | ) | (1,099 | ) | |||||
Deferred: | |||||||||
Federal | 463 | (2,824 | ) | (269 | ) | ||||
State and local | 81 | 14 | 483 | ||||||
544 | (2,810 | ) | 214 | ||||||
Provision for (benefit from) income taxes | $ | 1,442 | $ | (3,044 | ) $ | (885 | ) | ||
Schedule Of Deferred Tax Assets And Liabilities | ' | ||||||||
As of December 31, | |||||||||
($ in thousands) | 2013 | 2012 | |||||||
(as restated) | |||||||||
Deferred income tax assets: | |||||||||
Employee pensions and other benefits | $ | 2,226 | $ | 3,285 | |||||
State net operating loss carryforwards | 1,040 | 1,181 | |||||||
Equity compensation expense | 563 | 244 | |||||||
Intangible assets | 785 | 615 | |||||||
Other | 756 | 473 | |||||||
Total deferred income tax assets | 5,370 | 5,798 | |||||||
Valuation allowance | (3,163 | ) | (3,198 | ) | |||||
Deferred income tax liabilities: | |||||||||
Property, plant and equipment | 2,001 | 2,161 | |||||||
Tax amortizable goodwill | 541 | 331 | |||||||
Other | 206 | 105 | |||||||
Total deferred income tax liabilities | 2,748 | 2,597 | |||||||
Net deferred income tax assets (liabilities) | $ | (541 | ) | $ | 3 | ||||
Schedule Of Change In Valuation Allowance | ' | ||||||||
2013 | 2012 | 2011 | |||||||
(as restated) | |||||||||
Balance at the beginning of the period | $ | 3,198 | $ | 693 | $ | 125 | |||
Amounts charged to expense | 874 | 2,505 | 568 | ||||||
Other increases (decreases) | (909 | ) | - | - | |||||
Balance at the end of the period | $ | 3,163 | $ | 3,198 | $ | 693 | |||
Schedule Of Income Tax Reconciliation | ' | ||||||||
Years Ended December 31, | |||||||||
($ in thousands) | 2013 | 2012 | 2011 | ||||||
(as restated) | |||||||||
Statutory rate applied to pre-tax income (loss) | $ | 271 | $ | (4,737 | ) | $ | (1,294 | ) | |
Add (deduct): | |||||||||
State income taxes, net | 192 | (981 | ) | (215 | ) | ||||
Valuation allowance | 874 | 2,505 | 568 | ||||||
Other | 105 | 169 | 56 | ||||||
Income taxes (benefit) | $ | 1,442 | $ | (3,044 | ) | $ | (885 | ) |
Pension_And_Postretirement_Obl1
Pension And Postretirement Obligations (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Pension And Postretirement Obligations [Abstract] | ' | ||||||||||||||||||
Components Of Net Periodic Cost (Gain) | ' | ||||||||||||||||||
Pension Benefits | Postretirement Benefits | ||||||||||||||||||
For the Years Ended December 31, | |||||||||||||||||||
($ in thousands) | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||
Components of net periodic costs: | |||||||||||||||||||
Service cost | $ | - | $ | - | $ | - | $ | 13 | $ | 14 | $ | 14 | |||||||
Interest cost | 756 | 759 | 860 | 112 | 226 | 238 | |||||||||||||
Expected return on plan assets | (975 | ) | (876 | ) | (913 | ) | (178 | ) | (173 | ) | (168 | ) | |||||||
Amortization of transition asset | - | - | - | - | 28 | 28 | |||||||||||||
Amortization of prior service cost | 56 | 56 | 56 | (330 | ) | (330 | ) | (330 | ) | ||||||||||
Recognized actuarial (gain) loss | 840 | 909 | 755 | 37 | 131 | 94 | |||||||||||||
Net periodic loss (gain) | $ | 677 | $ | 848 | $ | 758 | $ | (346 | ) | $ | (104 | ) | $ | (124 | ) | ||||
Schedule Of Amounts In Accumulated Other Comprehensive Income (Loss) To Be Recognized Over Next Fiscal Year | ' | ||||||||||||||||||
Postretirement | |||||||||||||||||||
($ in thousands) | Pension Plans | Benefits | |||||||||||||||||
Amortization of net actuarial loss | $ | 710 | $ | 24 | |||||||||||||||
Amortization of prior service cost (credit) | $ | 56 | $ | (330 | ) | ||||||||||||||
Summary Of Projected Benefit Obligation And Plan Assets | ' | ||||||||||||||||||
Postretirement | |||||||||||||||||||
($ in thousands) | Pension Benefits | Benefits | |||||||||||||||||
For the Years Ended December 31, | |||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||
Change in Benefit Obligation | |||||||||||||||||||
Benefit obligation, beginning of year | $ | 19,908 | $ | 18,556 | $ | 3,655 | $ | 5,143 | |||||||||||
Service cost | - | - | 13 | 14 | |||||||||||||||
Interest cost | 756 | 759 | 112 | 226 | |||||||||||||||
Actuarial losses (income) | (1,240 | ) | 1,518 | (805 | ) | (1,595 | ) | ||||||||||||
Benefit payments | (931 | ) | (925 | ) | (133 | ) | (133 | ) | |||||||||||
Benefit obligation, end of year | 18,493 | 19,908 | 2,842 | 3,655 | |||||||||||||||
Changes in fair value of plan assets | |||||||||||||||||||
Fair value of plan assets, beginning of year | 12,443 | 11,265 | 2,221 | 2,167 | |||||||||||||||
Actual return on plan | 1,084 | 1,648 | (16 | ) | 54 | ||||||||||||||
Employer contributions | 520 | 455 | 134 | 133 | |||||||||||||||
Benefit payments | (931 | ) | (925 | ) | (133 | ) | (133 | ) | |||||||||||
Fair value of plan assets, end of year | 13,116 | 12,443 | 2,206 | 2,221 | |||||||||||||||
Unfunded status, end of year | $ | (5,377 | ) | $ | (7,465 | ) | $ | (636 | ) | $ | (1,434 | ) | |||||||
Schedule Of Amounts Recognized In Balance Sheet | ' | ||||||||||||||||||
Postretirement | |||||||||||||||||||
Pension Benefits | Benefits | ||||||||||||||||||
As of December 31, | |||||||||||||||||||
($ in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||
Pension and postretirement benefit obligations-current | $ | (267 | ) | $ | (954 | ) | $ | - | $ | (135 | ) | ||||||||
Pension and postretirement benefit obligations-long term | (5,110 | ) | (6,511 | ) | (636 | ) | (1,299 | ) | |||||||||||
Total | $ | (5,377 | ) | $ | (7,465 | ) | $ | (636 | ) | $ | (1,434 | ) | |||||||
Schedule Of Amounts Recognized In Other Comprehensive Income (Loss) | ' | ||||||||||||||||||
Postretirement | |||||||||||||||||||
Pension Benefits | Benefits | ||||||||||||||||||
For the Years Ended December 31, | |||||||||||||||||||
($ in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||
Actuarial net (loss) gain | $ | (3,824 | ) | $ | (6,013 | ) | $ | (168 | ) | $ | (815 | ) | |||||||
Net prior service credit | (178 | ) | (234 | ) | 507 | 837 | |||||||||||||
Income tax expense (benefit) | (2,433 | ) | (2,234 | ) | 206 | 8 | |||||||||||||
Total | $ | (1,569 | ) | $ | (4,013 | ) | $ | 133 | $ | 14 | |||||||||
Schedule Of Assumptions Used | ' | ||||||||||||||||||
Actuarial assumptions used to calculate the projected benefit obligation were as follows for the years ended December 31, 2013 and 2012: | |||||||||||||||||||
Pension Benefits | Postretirement Benefits | ||||||||||||||||||
For the Years Ended December 31, | |||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||
Discount rate | 4.50- 4.70% | 3.70- 3.90% | 4.5 | % | 3.6 | % | |||||||||||||
Expected return on plan assets | 8 | % | 8 | % | 8 | % | 8 | % | |||||||||||
Healthcare cost trend | - | - | 8.5 | % | 9 | % | |||||||||||||
Actuarial assumptions used to calculate net periodic benefit cost were as follows for the years ended December 31, 2013 and 2012: | |||||||||||||||||||
Postretirement | |||||||||||||||||||
Pension Benefits | Benefits | ||||||||||||||||||
For the Years Ended December 31, | |||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||
Discount rate | 3.7- 3.9 | % | 4.25 | % | 3.6 | % | 4.25 | % | |||||||||||
Expected return on assets | 8 | % | 8 | % | 8 | % | 8 | % | |||||||||||
Schedule Of Fair Value Of Plan Assets | ' | ||||||||||||||||||
The fair values of the Company's pension plan assets at December 31, 2013 by asset category are as follows: | |||||||||||||||||||
($ in thousands) | |||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Asset Category | |||||||||||||||||||
Equity securities | $ | 6,777 | $ | 1,361 | $ | 5,416 | $ | - | |||||||||||
Fixed income securities | 5,528 | 4,605 | 923 | - | |||||||||||||||
Cash and cash equivalents | 811 | 811 | - | - | |||||||||||||||
Total pension assets | $ | 13,116 | $ | 6,777 | $ | 6,339 | $ | - | |||||||||||
The fair values of the Company's postretirement plan assets at December 31, 2013 by asset category are as follows: | |||||||||||||||||||
($ in thousands) | |||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Asset Category | |||||||||||||||||||
Fixed income securities | $ | 1,744 | $ | 1,744 | $ | - | $ | - | |||||||||||
Cash and cash equivalents | 462 | 462 | - | - | |||||||||||||||
Total pension assets | $ | 2,206 | $ | 2,206 | $ | - | $ | - | |||||||||||
The fair value of certain equity and fixed income investment vehicles of $4.9 million and $0.9 million, respectively were incorrectly disclosed as Level 1 fiar value measurements in the Company's 2012 consolidated financial statements. The 2012 disclosure has been corrected to classify these investments as Level 2 fair value measurements as fair value is based on observable inputs other than quoted prices in active markets. The Company does not believe that these disclosure errors were material to the previously issued 2012 consolidated financial statements. | |||||||||||||||||||
The fair values of the Company's pension plan assets at December 31, 2012 by asset category are as follows: | |||||||||||||||||||
($ in thousands) | |||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Asset Category | |||||||||||||||||||
Equity securities | $ | 6,239 | $ | 1,293 | $ | 4,946 | $ | - | |||||||||||
Fixed income securities | 5,390 | 4,502 | 888 | - | |||||||||||||||
Cash and cash equivalents | 814 | 814 | - | - | |||||||||||||||
Total pension assets | $ | 12,443 | $ | 6,609 | $ | 5,834 | $ | - | |||||||||||
The fair values of the Company's postretirement plan assets at December 31, 2012 by asset category are as follows: | |||||||||||||||||||
($ in thousands) | |||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Asset Category | |||||||||||||||||||
Fixed income securities | $ | 1,760 | $ | 1,760 | $ | - | $ | - | |||||||||||
Cash and cash equivalents | 461 | 461 | - | - | |||||||||||||||
Total pension assets | $ | 2,221 | $ | 2,221 | $ | - | $ | - | |||||||||||
Schedule Of Expected Benefit Payments | ' | ||||||||||||||||||
Pension | Postretirement | ||||||||||||||||||
($ in thousands) | Benefits | Benefits | |||||||||||||||||
2014 | $ | 1,041 | $ | 203 | |||||||||||||||
2015 | 1,065 | 190 | |||||||||||||||||
2016 | 1,095 | 167 | |||||||||||||||||
2017 | 1,160 | 177 | |||||||||||||||||
2018 | 1,216 | 178 | |||||||||||||||||
2019-2023 | 6,330 | 941 |
Stock_Based_Compensation_Table
Stock Based Compensation (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Stock Based Compensation [Abstract] | ' | ||||||
Schedule Of Restricted Stock Grants | ' | ||||||
Restricted stock granted | 2013 | 2012 | 2011 | ||||
Shares | 420,824 | 46,281 | 61,636 | ||||
Grant date weighted average fair value per share | $ | 10.19 | $ | 13.92 | $ | 14.62 | |
Schedule Of Restricted Stock Activity | ' | ||||||
Grant Date Weighted | |||||||
Shares | Average per Share | ||||||
Balance - December 31, 2012 | 59,078 | $ | 14.1 | ||||
Granted | 420,824 | 10.19 | |||||
Vested | (43,224 | ) | 12.05 | ||||
Forfeited | (26,789 | ) | 13.66 | ||||
Balance - December 31, 2013 | 409,889 | $ | 10.33 | ||||
Schedule Of Stock Option Activity | ' | ||||||
Weighted Average | |||||||
Options | Shares | Exercise Price | |||||
Outstanding - December 31, 2012 | 263,554 | $ | 14.02 | ||||
Stock options granted | 476,189 | 10.86 | |||||
Exercised | - | - | |||||
Forfeited | (240,201 | ) | 12.41 | ||||
Outstanding - December 31, 2013 | 499,542 | $ | 11.78 | ||||
Vested and expected to vest at December 31, 2013 | 479,560 | ||||||
Exercisable at December 31, 2013 | 175,838 | ||||||
Schedule Of Stock Option Awards, By Exercise Price | ' | ||||||
Weighted Average | |||||||
Weighted | Remaining | Aggregate | |||||
Shares | Average | Contractual | Intrinsic | ||||
Exercise Price per Share | Outstanding | Exercise Price | Life (Years) | Value | |||
31-Dec-13 | |||||||
$9.90 - 10.80 | 309,092 | $ | 10.15 | 8.71 | |||
$12.88 - 12.97 | 20,400 | $ | 12.89 | 6.11 | |||
$14.38 - 14.85 | 170,050 | $ | 14.62 | 7.65 | |||
499,542 | $ | 11.78 | 8.24 | $ | - | ||
Vested and expected to vest at December 31, 2013 | 479,560 | $ | 11.78 | 8.24 | $ | - | |
Exercisable at December 31, 2013 | 175,838 | $ | 14.02 | 7.07 | $ | - | |
Schedule Of Stock Option Pricing Assumptions | ' | ||||||
For the Years Ended December 31, | |||||||
2013 | 2012 | 2011 | |||||
Expected life (in years) | 6 | 10 | 10 | ||||
Interest rate | 0.97% | 2.71% | 3.40% | ||||
Volatility | 27.89% | 27.10% | 32.77% | ||||
Dividend yield | 10.78% | 7.23% | 7.00% | ||||
Weighted-average fair value per share at grant date | $ | 0.5 | $ | 1.37 | $ | 2.16 | |
Schedule Of Stock-Based Compensation Expense | ' | ||||||
For the Years Ended December 31, | |||||||
($ in thousands) | 2013 | 2012 | 2011 | ||||
Cost of services and products | $ | 6 | $ | 41 | $ | 66 | |
Selling, general and administrative expense | 1,451 | 826 | 894 | ||||
$ | 1,457 | $ | 867 | $ | 960 |
Earnings_Loss_Per_Share_Tables
Earnings (Loss) Per Share (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Earnings (Loss) Per Share [Abstract] | ' | |||||||||
Schedule Of Weighted Average Number Of Shares Of Common Stock Used In Diluted Earnings (Loss) Per Share | ' | |||||||||
For the Years Ended December 31, | ||||||||||
(amounts in thousands, except for per share) | 2013 | 2012 | 2011 | |||||||
(as restated) | ||||||||||
NUMERATOR: | ||||||||||
Net income (loss) applicable to common stock before participating securities | $ | (671 | ) | $ | (10,914 | ) | $ | (2,946 | ) | |
Less: income applicable to participating securities (1) | - | - | - | |||||||
Net income (loss) applicable to common stock | $ | (671 | ) | $ | (10,914 | ) | $ | (2,946 | ) | |
DENOMINATOR: | ||||||||||
Weighted average shares of common stock | ||||||||||
used in basic earnings per share | 6,112 | 5,712 | 5,425 | |||||||
Effects of puttable common stock (2) | - | - | 11 | |||||||
Weighted average shares outstanding - Basic and Diluted (3) | 6,112 | 5,712 | 5,436 | |||||||
EPS: | ||||||||||
Net earnings (loss) per share - Basic and Diluted | $ | (0.11 | ) | $ | (1.91 | ) | $ | (0.54 | ) | |
(1) For the years ended December 31, 2013, 2012 and 2011, the Company had 0.3 million, 0.1 million and 0.1 million, respectively, of nonvested participating securities. As the participating securities do not participate in losses, there was no allocation of loss for the years ended December 31, 2013, 2012 and 2011. | ||||||||||
(2) Included in the weighted average shares of common stock – basic for 2012 and 2011 were puttable common shares that arose from the Alteva, LLC acquisition in August 2011. During the second half of 2012, all of the puttable shares were either exercised or the put option was terminated and are no longer outstanding. | ||||||||||
(3) For the year ended December 31, 2013, 0.2 million potentially dilutive shares related to out of the money common stock options were excluded from EPS, as their effect was anti-dilutive. The effects for the years ended December 31, 2012 and 2011 were nominal. | ||||||||||
Segment_Information_Tables
Segment Information (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Segment Information [Abstract] | ' | |||||||||
Segment Reporting Information | ' | |||||||||
For the Year Ended December 31, 2013 | ||||||||||
UC | Telephone | Consolidated | ||||||||
Operating Revenues | $ | 15,834 | $ | 14,268 | $ | 30,102 | ||||
Operating Expenses | ||||||||||
Cost of services and products | 8,798 | 4,667 | 13,465 | |||||||
Selling, general and administrative expense | 15,602 | 8,387 | 23,989 | |||||||
Loss on disposal and restructuring costs | 447 | - | 447 | |||||||
Depreciation and amortization | 2,287 | 1,528 | 3,815 | |||||||
Total Operating Expenses | 27,134 | 14,582 | 41,716 | |||||||
Operating Loss | (11,300 | ) | (314 | ) | (11,614 | ) | ||||
Interest income (expense), net | (756 | ) | ||||||||
Income from equity method investment | 13,000 | |||||||||
Other income (expense), net | 166 | |||||||||
Income (loss) before income taxes | $ | 796 | ||||||||
For the Year Ended December 31, 2012 | ||||||||||
($ in thousands) | UC | Telephone | Consolidated | |||||||
Operating Revenues | $ | 13,569 | $ | 14,373 | $ | 27,942 | ||||
Operating Expenses | ||||||||||
Cost of services and products | 8,994 | 5,140 | 14,134 | |||||||
Selling, general and administrative expense | 15,055 | 8,647 | 23,702 | |||||||
Impairment | - | 8,883 | 8,883 | |||||||
Depreciation and amortization | 2,037 | 3,439 | 5,476 | |||||||
Total Operating Expenses | 26,086 | 26,109 | 52,195 | |||||||
Operating Loss | (12,517 | ) | (11,736 | ) | (24,253 | ) | ||||
Interest income (expense), net | (415 | ) | ||||||||
Income from equity method investment | 11,021 | |||||||||
Other income (expense), net | (286 | ) | ||||||||
Income (loss) before income taxes | $ | (13,933 | ) | |||||||
For the Year Ended December 31, 2011 | ||||||||||
($ in thousands) | UC | Telephone | Consolidated | |||||||
Operating Revenues | $ | 8,360 | $ | 17,576 | $ | 25,936 | ||||
Operating Expenses | ||||||||||
Cost of services and products | 6,590 | 8,111 | 14,701 | |||||||
Selling, general and administrative expense | 9,794 | 7,764 | 17,558 | |||||||
Depreciation and amortization | 1,132 | 4,134 | 5,266 | |||||||
Total Operating Expenses | 17,516 | 20,009 | 37,525 | |||||||
Operating Loss | $ | (9,156 | ) | $ | (2,433 | ) | $ | (11,589 | ) | |
Interest income (expense), net | (64 | ) | ||||||||
Income from equity method investment | 7,898 | |||||||||
Other income (expense), net | (51 | ) | ||||||||
Income (loss) before income taxes | $ | (3,806 | ) | |||||||
Segment selected balance sheet information as of December 31, 2013 and 2012 is set forth below: | ||||||||||
As of December 31, | ||||||||||
($ in thousands) | 2013 | 2012 | ||||||||
(as restated) | ||||||||||
Assets | ||||||||||
Unified Communications | $ | 21,884 | $ | 23,500 | ||||||
Telephone | 15,379 | 18,622 | ||||||||
Total assets | $ | 37,263 | $ | 42,122 | ||||||
Segment capital expenditures, including purchases of seat licenses and other acquired intangibles, for the years ended December 31, 2013, 2012, and 2011 is set forth below: | ||||||||||
For the Years Ended December 31, | ||||||||||
($ in thousands) | 2013 | 2012 | 2011 | |||||||
Unified Communications | $ | 564 | $ | 2,989 | $ | 1,016 | ||||
Telephone | 451 | 1,742 | 1,865 | |||||||
Total capital expenditures | $ | 1,015 | $ | 4,731 | $ | 2,881 |
Quarterly_Information_Tables
Quarterly Information (Tables) | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Quarterly Information [Abstract] | ' | |||||||||||||||||||||||||||
Schedule Of Quarterly Financial Information | ' | |||||||||||||||||||||||||||
Calendar Year Quarters | ||||||||||||||||||||||||||||
($ and shares in thousands) | First | Second | Third(2) | Fourth | Total | |||||||||||||||||||||||
(as restated) | (as restated) | (as restated) | ||||||||||||||||||||||||||
Year ended December 31, 2013 | ||||||||||||||||||||||||||||
Revenue | $ | 7,740 | $ | 7,447 | $ | 7,530 | $ | 7,385 | $ | 30,102 | ||||||||||||||||||
Operating loss | (4,299 | ) | (2,955 | ) | (2,099 | ) | (2,261 | ) | (11,614 | ) | ||||||||||||||||||
Net income (loss) | (671 | ) | (9 | ) | 343 | (309 | ) | (646 | ) | |||||||||||||||||||
Basic income (loss) per common share | $ | (0.12 | ) | $ | - | $ | 0.06 | $ | (0.05 | ) | $ | (0.11 | ) | |||||||||||||||
Diluted income (loss) per common share (1) | $ | (0.12 | ) | $ | - | $ | 0.06 | $ | (0.05 | ) | $ | (0.11 | ) | |||||||||||||||
Weighted average shares of common stock | ||||||||||||||||||||||||||||
used to calculate earnings per share: | ||||||||||||||||||||||||||||
Basic | 5,751 | 5,775 | 5,776 | 6,191 | 6,112 | |||||||||||||||||||||||
Diluted | 5,751 | 5,775 | 5,776 | 6,191 | 6,112 | |||||||||||||||||||||||
Year ended December 31, 2012 | (as restated) (3) | (as restated) | ||||||||||||||||||||||||||
Revenue | $ | 7,081 | $ | 6,886 | $ | 7,050 | $ | 6,925 | $ | 27,942 | ||||||||||||||||||
Operating loss | (3,154 | ) | (3,447 | ) | (4,019 | ) | (13,633 | ) | (24,253 | ) | ||||||||||||||||||
Net loss | (1,234 | ) | (228 | ) | (922 | ) | (8,505 | ) | (10,889 | ) | ||||||||||||||||||
Basic loss per common share | $ | (0.22 | ) | $ | (0.04 | ) | $ | (0.16 | ) | $ | (1.49 | ) | $ | (1.91 | ) | |||||||||||||
Basic loss per puttable common share | $ | (0.22 | ) | $ | (0.04 | ) | $ | (0.16 | ) | $ | - | $ | - | |||||||||||||||
Diluted loss per common share (1) | $ | (0.22 | ) | $ | (0.04 | ) | $ | (0.16 | ) | $ | (1.49 | ) | $ | (1.91 | ) | |||||||||||||
Diluted loss per puttable common share (1) | $ | (0.22 | ) | $ | (0.04 | ) | $ | (0.16 | ) | $ | - | $ | - | |||||||||||||||
Weighted average shares of common stock | ||||||||||||||||||||||||||||
used to calculate earnings per share: | ||||||||||||||||||||||||||||
Basic | 5,716 | 5,731 | 5,744 | 5,703 | 5,712 | |||||||||||||||||||||||
Basic (puttable common) | 272 | 272 | 25 | - | - | |||||||||||||||||||||||
Diluted | 5,716 | 5,731 | 5,744 | 5,703 | 5,712 | |||||||||||||||||||||||
Diluted (puttable common) | 272 | 272 | 25 | - | - | |||||||||||||||||||||||
(1) There is no difference between basic and diluted earnings (loss) per share due to stock options being out of the money. | ||||||||||||||||||||||||||||
(2) Included in operating loss and net loss is $0.4 million loss on disposal and restructuring costs. | ||||||||||||||||||||||||||||
(3) The Company recorded an additional $1.4 milion in tax expense, compared to what was previously reported in its Annual Report on Form 10-K/A for the year ended December 31, 2012 (see Note 1). | ||||||||||||||||||||||||||||
Schedule Of Quarterly Effects Of Restatement | ' | |||||||||||||||||||||||||||
CONSOLIDATED STATEMENT OF OPERATIONS | ||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | ||||||||||||||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | |||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | |||||||||||||||||||||||||||
As | As | |||||||||||||||||||||||||||
Previously | Correction | As | Previously | Correction | As | |||||||||||||||||||||||
Reported | of Errors | Restated | Reported | of Errors | Restated | |||||||||||||||||||||||
Selling, general and administrative expenses | $ | 5,218 | $ | (103 | ) | $ | 5,115 | $ | 18,899 | $ | (310 | ) | $ | 18,589 | ||||||||||||||
Total operating expenses | 9,732 | (103 | ) | 9,629 | 32,380 | (310 | ) | 32,070 | ||||||||||||||||||||
Operating income (loss) | (2,202 | ) | 103 | (2,099 | ) | (9,663 | ) | 310 | (9,353 | ) | ||||||||||||||||||
Income (loss) before income taxes | 894 | 103 | 997 | (344 | ) | 310 | (34 | ) | ||||||||||||||||||||
Income tax expense (benefit) | 331 | 323 | 654 | (114 | ) | 417 | 303 | |||||||||||||||||||||
Net income (loss) | 563 | (220 | ) | 343 | (230 | ) | (107 | ) | (337 | ) | ||||||||||||||||||
Net income (loss) applicable to common stock | 557 | (220 | ) | 337 | (249 | ) | (107 | ) | (356 | ) | ||||||||||||||||||
Basic income (loss) per share | 0.09 | (0.03 | ) | 0.06 | (0.04 | ) | (0.02 | ) | (0.06 | ) | ||||||||||||||||||
Diluted income (loss) per share | 0.09 | (0.03 | ) | 0.06 | (0.04 | ) | (0.02 | ) | (0.06 | ) | ||||||||||||||||||
CONSOLIDATED STATEMENT OF OPERATIONS | ||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | ||||||||||||||||||||||||||||
For the Three Months Ended | For the Six Months Ended | |||||||||||||||||||||||||||
30-Jun-13 | 30-Jun-13 | |||||||||||||||||||||||||||
As | As | |||||||||||||||||||||||||||
Previously | Correction | As | Previously | Correction | As | |||||||||||||||||||||||
Reported | of Errors | Restated | Reported | of Errors | Restated | |||||||||||||||||||||||
Selling, general and administrative expenses | $ | 6,329 | $ | (103 | ) | $ | 6,226 | $ | 13,681 | $ | (207 | ) | $ | 13,474 | ||||||||||||||
Total operating expenses | 10,505 | (103 | ) | 10,402 | 22,648 | (207 | ) | 22,441 | ||||||||||||||||||||
Operating income (loss) | (3,058 | ) | 103 | (2,955 | ) | (7,461 | ) | 207 | (7,254 | ) | ||||||||||||||||||
Income (loss) before income taxes | 43 | 103 | 146 | (1,238 | ) | 207 | (1,031 | ) | ||||||||||||||||||||
Income tax expense (benefit) | 3 | 152 | 155 | (445 | ) | 94 | (351 | ) | ||||||||||||||||||||
Net income (loss) | 40 | (49 | ) | (9 | ) | (793 | ) | 113 | (680 | ) | ||||||||||||||||||
Net income (loss) applicable to common stock | 33 | (49 | ) | (16 | ) | (806 | ) | 113 | (693 | ) | ||||||||||||||||||
Basic income (loss) per share | 0.01 | (0.01 | ) | - | (0.14 | ) | 0.02 | (0.12 | ) | |||||||||||||||||||
Diluted income (loss) per share | 0.01 | (0.01 | ) | - | (0.14 | ) | 0.02 | (0.12 | ) | |||||||||||||||||||
CONSOLIDATED STATEMENT OF OPERATIONS | ||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
($ in thousands, except per share amounts) | ||||||||||||||||||||||||||||
For the Three Months Ended | ||||||||||||||||||||||||||||
31-Mar-13 | ||||||||||||||||||||||||||||
As | ||||||||||||||||||||||||||||
Previously | Correction | As | ||||||||||||||||||||||||||
Reported | of Errors | Restated | ||||||||||||||||||||||||||
Selling, general and administrative expenses | $ | 7,352 | $ | (104 | ) | $ | 7,248 | |||||||||||||||||||||
Total operating expenses | 12,143 | (104 | ) | 12,039 | ||||||||||||||||||||||||
Operating income (loss) | (4,403 | ) | 104 | (4,299 | ) | |||||||||||||||||||||||
Income (loss) before income taxes | (1,281 | ) | 104 | (1,177 | ) | |||||||||||||||||||||||
Income tax benefit | (448 | ) | (58 | ) | (506 | ) | ||||||||||||||||||||||
Net income (loss) | (833 | ) | 162 | (671 | ) | |||||||||||||||||||||||
Net income (loss) applicable to common stock | (839 | ) | 162 | (677 | ) | |||||||||||||||||||||||
Basic income (loss) per share | (0.15 | ) | 0.03 | (0.12 | ) | |||||||||||||||||||||||
Diluted income (loss) per share | (0.15 | ) | 0.03 | (0.12 | ) | |||||||||||||||||||||||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
($ in thousands) | ||||||||||||||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | |||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | |||||||||||||||||||||||||||
As | As | |||||||||||||||||||||||||||
Previously | Correction | As | Previously | Correction | As | |||||||||||||||||||||||
Reported | of Errors | Restated | Reported | of Errors | Restated | |||||||||||||||||||||||
Net income (loss) | $ | 563 | $ | (220 | ) | $ | 343 | $ | (230 | ) | $ | (107 | ) | $ | (337 | ) | ||||||||||||
Other comprehensive income | 93 | 51 | 144 | 279 | 155 | 434 | ||||||||||||||||||||||
Comprehensive income (loss) | 656 | (169 | ) | 487 | 49 | 48 | 97 | |||||||||||||||||||||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
($ in thousands) | ||||||||||||||||||||||||||||
For the Three Months Ended | For the Six Months Ended | |||||||||||||||||||||||||||
30-Jun-13 | 30-Jun-13 | |||||||||||||||||||||||||||
As | As | |||||||||||||||||||||||||||
Previously | Correction | As | Previously | Correction | As | |||||||||||||||||||||||
Reported | of Errors | Restated | Reported | of Errors | Restated | |||||||||||||||||||||||
Net income (loss) | $ | 40 | $ | (49 | ) | $ | (9 | ) | $ | (793 | ) | $ | 113 | $ | (680 | ) | ||||||||||||
Other comprehensive income | 93 | 52 | 145 | 186 | 104 | 290 | ||||||||||||||||||||||
Comprehensive income (loss) | 133 | 3 | 136 | (607 | ) | 217 | (390 | ) | ||||||||||||||||||||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
($ in thousands) | ||||||||||||||||||||||||||||
For the Three Months Ended | ||||||||||||||||||||||||||||
31-Mar-13 | ||||||||||||||||||||||||||||
As | ||||||||||||||||||||||||||||
Previously | Correction | As | ||||||||||||||||||||||||||
Reported | of Errors | Restated | ||||||||||||||||||||||||||
Net income (loss) | $ | (833 | ) | $ | 162 | $ | (671 | ) | ||||||||||||||||||||
Other comprehensive income | 93 | 51 | 144 | |||||||||||||||||||||||||
Comprehensive income (loss) | (740 | ) | 213 | (527 | ) | |||||||||||||||||||||||
CONSOLIDATED BALANCE SHEETS | ||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
($ in thousands) | ||||||||||||||||||||||||||||
As of March 31, 2013 | As of June 30, 2013 | As of September 30, 2013 | ||||||||||||||||||||||||||
As | As | As | ||||||||||||||||||||||||||
Previously | Correction | As | Previously | Correction | As | Previously | Correction | As | ||||||||||||||||||||
Reported | of Errors | Restated | Reported | of Errors | Restated | Reported | of Errors | Restated | ||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||||||
Prepaid income taxes | $ | 1,670 | $ | (200 | ) | $ | 1,470 | $ | 1,667 | $ | (77 | ) | $ | 1,590 | $ | 1,272 | $ | (330 | ) | $ | 942 | |||||||
Deferred income taxes | 268 | (151 | ) | 117 | 268 | (151 | ) | 117 | 268 | (151 | ) | 117 | ||||||||||||||||
Total current assets | 8,585 | (351 | ) | 8,234 | 7,299 | (228 | ) | 7,071 | 7,412 | (481 | ) | 6,931 | ||||||||||||||||
Long-term assets: | ||||||||||||||||||||||||||||
Deferred income taxes | 823 | (823 | ) | - | 771 | (771 | ) | - | 797 | (797 | ) | - | ||||||||||||||||
Total assets | 43,054 | (1,174 | ) | 41,880 | 41,322 | (999 | ) | 40,323 | 40,220 | (1,278 | ) | 38,942 | ||||||||||||||||
Long-term liabilities: | ||||||||||||||||||||||||||||
Deferred income taxes | - | 154 | 154 | - | 429 | 429 | - | 421 | 421 | |||||||||||||||||||
Pension and postretirement | ||||||||||||||||||||||||||||
benefit obligations | 7,931 | (104 | ) | 7,827 | 7,929 | (207 | ) | 7,722 | 7,661 | (310 | ) | 7,351 | ||||||||||||||||
Total liabilities | 30,773 | 50 | 30,823 | 30,166 | 222 | 30,388 | 28,075 | 111 | 28,186 | |||||||||||||||||||
Accumulated other comprehensive income (loss) | (3,906 | ) | 51 | (3,855 | ) | (3,813 | ) | 103 | (3,710 | ) | (3,720 | ) | 155 | (3,565 | ) | |||||||||||||
Retained earnings | 11,125 | (1,275 | ) | 9,850 | 9,502 | (1,324 | ) | 8,178 | 10,065 | (1,544 | ) | 8,521 | ||||||||||||||||
Total shareholders' equity | 12,281 | (1,224 | ) | 11,057 | 11,156 | (1,221 | ) | 9,935 | 12,145 | (1,389 | ) | 10,756 | ||||||||||||||||
Total liabilities | ||||||||||||||||||||||||||||
and shareholders' equity | 43,054 | (1,174 | ) | 41,880 | 41,322 | (999 | ) | 40,323 | 40,220 | (1,278 | ) | 38,942 | ||||||||||||||||
CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
($ in thousands) | ||||||||||||||||||||||||||||
For the Three Months Ended | For the Six Months Ended | For the Nine Months Ended | ||||||||||||||||||||||||||
31-Mar-13 | 30-Jun-13 | 30-Sep-13 | ||||||||||||||||||||||||||
As | As | As | ||||||||||||||||||||||||||
Previously | Correction | As | Previously | Correction | As | Previously | Correction | As | ||||||||||||||||||||
Reported | of Errors | Restated | Reported | of Errors | Restated | Reported | of Errors | Restated | ||||||||||||||||||||
Net income (loss) | $ | (833 | ) | $ | 162 | $ | (671 | ) | $ | (793 | ) | $ | 113 | $ | (680 | ) | $ | (230 | ) | $ | (107 | ) | $ | (337 | ) | |||
Deferred income taxes | - | 40 | 40 | - | 315 | 315 | (78 | ) | 385 | 307 | ||||||||||||||||||
Other assets | (499 | ) | (98 | ) | (597 | ) | (510 | ) | (221 | ) | (731 | ) | (289 | ) | 32 | (257 | ) | |||||||||||
Other accruals and liabilities | 1,435 | (104 | ) | 1,331 | 477 | (207 | ) | 270 | 248 | (310 | ) | (62 | ) | |||||||||||||||
Net cash provided by (used in) | ||||||||||||||||||||||||||||
operating activities | 560 | - | 560 | (181 | ) | - | (181 | ) | 657 | - | 657 |
Commitments_And_Contingencies_
Commitments And Contingencies (Tables) | 12 Months Ended | ||
Dec. 31, 2012 | |||
Commitments And Contingencies [Abstract] | ' | ||
Schedule Of Future Lease Commitments | ' | ||
($ in thousands) | |||
2014 | $ | 348 | |
2015 | 357 | ||
2016 | 355 | ||
2017 | 280 | ||
2018 and thereafter | 1,409 | ||
Total | $ | 2,749 |
Restatement_Of_Consolidated_Fi2
Restatement Of Consolidated Financial Statements (Schedule Of Effects Of Statement Of Operations Restatements) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||||||
Income taxes expense (benefit) | ' | $654 | $155 | ($506) | ' | ' | ' | ' | ($351) | $303 | $1,442 | ($3,044) | ($885) | |||||||||
Net loss | -309 | 343 | [1] | -9 | -671 | -8,505 | [2] | -922 | [1],[2] | -228 | [2] | -1,234 | [2] | -680 | -337 | -646 | -10,889 | [2] | -2,921 | |||
Net loss applicable to common stock | ' | 337 | -16 | -677 | ' | ' | ' | ' | -693 | -356 | -671 | -10,914 | -2,946 | |||||||||
Basic loss per common share | ($0.05) | $0.06 | [1] | ' | ($0.12) | ($1.49) | [2] | ($0.16) | [1],[2] | ($0.04) | [2] | ($0.22) | [2] | ($0.12) | ($0.06) | ($0.11) | ($1.91) | [2] | ($0.54) | |||
Diluted loss per common share | ($0.05) | [3] | $0.06 | [1],[3] | ' | ($0.12) | [3] | ($1.49) | [2],[3] | ($0.16) | [1],[2],[3] | ($0.04) | [2],[3] | ($0.22) | [2],[3] | ($0.12) | ($0.06) | ($0.11) | [3] | ($1.91) | [2],[3] | ($0.54) |
As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Income taxes expense (benefit) | ' | 331 | 3 | -448 | ' | ' | ' | ' | -445 | -114 | ' | -4,481 | ' | |||||||||
Net loss | ' | 563 | 40 | -833 | ' | ' | ' | ' | -793 | -230 | ' | -9,452 | ' | |||||||||
Net loss applicable to common stock | ' | 557 | 33 | -839 | ' | ' | ' | ' | -806 | -249 | ' | -9,477 | ' | |||||||||
Basic loss per common share | ' | $0.09 | $0.01 | ($0.15) | ' | ' | ' | ' | ($0.14) | ($0.04) | ' | ($1.66) | ' | |||||||||
Diluted loss per common share | ' | $0.09 | $0.01 | ($0.15) | ' | ' | ' | ' | ($0.14) | ($0.04) | ' | ($1.66) | ' | |||||||||
Correction Of Errors [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Income taxes expense (benefit) | ' | 323 | 152 | -58 | ' | ' | ' | ' | 94 | 417 | ' | 1,437 | ' | |||||||||
Net loss | ' | -220 | -49 | 162 | ' | ' | ' | ' | 113 | -107 | ' | -1,437 | ' | |||||||||
Net loss applicable to common stock | ' | ($220) | ($49) | $162 | ' | ' | ' | ' | $113 | ($107) | ' | ($1,437) | ' | |||||||||
Basic loss per common share | ' | ($0.03) | ($0.01) | $0.03 | ' | ' | ' | ' | $0.02 | ($0.02) | ' | ($0.25) | ' | |||||||||
Diluted loss per common share | ' | ($0.03) | ($0.01) | $0.03 | ' | ' | ' | ' | $0.02 | ($0.02) | ' | ($0.25) | ' | |||||||||
[1] | Included in operating loss and net loss is $0.4 million loss on disposal and restructuring costs. | |||||||||||||||||||||
[2] | The Company recorded an additional $1.4 milion in tax expense, compared to what was previously reported in its Annual Report on Form 10-K/A for the year ended December 31, 2012 (see Note 1). | |||||||||||||||||||||
[3] | There is no difference between basic and diluted earnings (loss) per share due to stock options being out of the money. |
Restatement_Of_Consolidated_Fi3
Restatement Of Consolidated Financial Statements (Schedule Of Effects Of Statement Of Comprehensive Income (Loss) Restatements) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||
Net loss | ($309) | $343 | [1] | ($9) | ($671) | ($8,505) | [2] | ($922) | [1],[2] | ($228) | [2] | ($1,234) | [2] | ($680) | ($337) | ($646) | ($10,889) | [2] | ($2,921) |
Comprehensive loss | ' | 487 | 136 | -527 | ' | ' | ' | ' | -390 | 97 | 1,917 | -9,909 | -5,116 | ||||||
As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Net loss | ' | 563 | 40 | -833 | ' | ' | ' | ' | -793 | -230 | ' | -9,452 | ' | ||||||
Comprehensive loss | ' | 656 | 133 | -740 | ' | ' | ' | ' | -607 | 49 | ' | -8,472 | ' | ||||||
Correction Of Errors [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Net loss | ' | -220 | -49 | 162 | ' | ' | ' | ' | 113 | -107 | ' | -1,437 | ' | ||||||
Comprehensive loss | ' | ($169) | $3 | $213 | ' | ' | ' | ' | $217 | $48 | ' | ($1,437) | ' | ||||||
[1] | Included in operating loss and net loss is $0.4 million loss on disposal and restructuring costs. | ||||||||||||||||||
[2] | The Company recorded an additional $1.4 milion in tax expense, compared to what was previously reported in its Annual Report on Form 10-K/A for the year ended December 31, 2012 (see Note 1). |
Restatement_Of_Consolidated_Fi4
Restatement Of Consolidated Financial Statements (Schedule Of Effects Of Balance Sheet Restatements) (Details) (USD $) | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | |||||||
Prepaid income taxes | ' | $942 | $1,590 | $1,470 | $924 | ' | ' |
Deferred income taxes | 108 | 117 | 117 | 117 | 117 | ' | ' |
Total current assets | 6,071 | 6,931 | 7,071 | 8,234 | 8,004 | ' | ' |
Total assets | 37,263 | 38,942 | 40,323 | 41,880 | 42,122 | ' | ' |
Deferred income taxes | 649 | 421 | 429 | 154 | 114 | ' | ' |
Total liabilities | 24,257 | 28,186 | 30,388 | 30,823 | 29,024 | ' | ' |
Retained earnings | 8,205 | 8,521 | 8,178 | 9,850 | 12,191 | ' | ' |
Total shareholders' equity | 13,006 | 10,756 | 9,935 | 11,057 | 13,098 | 24,876 | 35,148 |
Total liabilities and shareholders' equity | 37,263 | 38,942 | 40,323 | 41,880 | 42,122 | ' | ' |
As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' |
Prepaid income taxes | ' | 1,272 | 1,667 | 1,670 | 1,222 | ' | ' |
Deferred income taxes | ' | 268 | 268 | 268 | 268 | ' | ' |
Total current assets | ' | 7,412 | 7,299 | 8,585 | 8,453 | ' | ' |
Deferred income taxes | ' | 797 | 771 | 823 | 874 | ' | ' |
Total assets | ' | 40,220 | 41,322 | 43,054 | 43,445 | ' | ' |
Total liabilities | ' | 28,075 | 30,166 | 30,773 | 28,910 | ' | ' |
Retained earnings | ' | 10,065 | 9,502 | 11,125 | 13,628 | ' | ' |
Total shareholders' equity | ' | 12,145 | 11,156 | 12,281 | 14,535 | 24,876 | ' |
Total liabilities and shareholders' equity | ' | 40,220 | 41,322 | 43,054 | 43,445 | ' | ' |
Correction Of Errors [Member] | ' | ' | ' | ' | ' | ' | ' |
Prepaid income taxes | ' | -330 | -77 | -200 | -298 | ' | ' |
Deferred income taxes | ' | -151 | -151 | -151 | -151 | ' | ' |
Total current assets | ' | -481 | -228 | -351 | -449 | ' | ' |
Deferred income taxes | ' | -797 | -771 | -823 | -874 | ' | ' |
Total assets | ' | -1,278 | -999 | -1,174 | -1,323 | ' | ' |
Deferred income taxes | ' | 421 | 429 | 154 | 114 | ' | ' |
Total liabilities | ' | 111 | 222 | 50 | 114 | ' | ' |
Retained earnings | ' | -1,544 | -1,324 | -1,275 | -1,437 | ' | ' |
Total shareholders' equity | ' | -1,389 | -1,221 | -1,224 | -1,437 | ' | ' |
Total liabilities and shareholders' equity | ' | ($1,278) | ($999) | ($1,174) | ($1,323) | ' | ' |
Restatement_Of_Consolidated_Fi5
Restatement Of Consolidated Financial Statements (Schedule Of Effects Of Cash Flow Restatements) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Net loss | $343 | [1] | ($9) | ($671) | ($680) | ($337) | ($646) | ($10,889) | [2] | ($2,921) |
Deferred income taxes | ' | ' | 40 | 315 | 307 | 544 | -2,810 | 214 | ||
Prepaid income taxes | ' | ' | ' | ' | ' | 924 | 1,791 | -2,715 | ||
Net cash provided by (used in) operating activities | ' | ' | 560 | -181 | 657 | 2,224 | -2,583 | 1,880 | ||
As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ||
Net loss | 563 | 40 | -833 | -793 | -230 | ' | -9,452 | ' | ||
Deferred income taxes | ' | ' | ' | ' | -78 | ' | -3,949 | ' | ||
Prepaid income taxes | ' | ' | ' | ' | ' | ' | 1,493 | ' | ||
Net cash provided by (used in) operating activities | ' | ' | 560 | -181 | 657 | ' | -2,583 | ' | ||
Correction Of Errors [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ||
Net loss | -220 | -49 | 162 | 113 | -107 | ' | -1,437 | ' | ||
Deferred income taxes | ' | ' | 40 | 315 | 385 | ' | 1,139 | ' | ||
Prepaid income taxes | ' | ' | ' | ' | ' | ' | $298 | ' | ||
[1] | Included in operating loss and net loss is $0.4 million loss on disposal and restructuring costs. | |||||||||
[2] | The Company recorded an additional $1.4 milion in tax expense, compared to what was previously reported in its Annual Report on Form 10-K/A for the year ended December 31, 2012 (see Note 1). |
Restatement_Of_Consolidated_Fi6
Restatement Of Consolidated Financial Statements (Schedule Of Effects Of Shareholders' Equity Restatement) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||
Balance | $10,756 | $9,935 | $11,057 | $13,098 | ' | ' | ' | $24,876 | $13,098 | $13,098 | $13,098 | $24,876 | $35,148 | ||||||
Net loss | -309 | 343 | [1] | -9 | -671 | -8,505 | [2] | -922 | [1],[2] | -228 | [2] | -1,234 | [2] | -680 | -337 | -646 | -10,889 | [2] | -2,921 |
Balance | 13,006 | 10,756 | 9,935 | 11,057 | 13,098 | ' | ' | ' | 9,935 | 10,756 | 13,006 | 13,098 | 24,876 | ||||||
As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Balance | ' | 11,156 | 12,281 | 14,535 | ' | ' | ' | 24,876 | 14,535 | 14,535 | 14,535 | 24,876 | ' | ||||||
Net loss | ' | 563 | 40 | -833 | ' | ' | ' | ' | -793 | -230 | ' | -9,452 | ' | ||||||
Balance | ' | 12,145 | 11,156 | 12,281 | 14,535 | ' | ' | ' | 11,156 | 12,145 | ' | 14,535 | ' | ||||||
Correction Of Errors [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Balance | ' | -1,221 | -1,224 | -1,437 | ' | ' | ' | ' | -1,437 | -1,437 | -1,437 | ' | ' | ||||||
Net loss | ' | -220 | -49 | 162 | ' | ' | ' | ' | 113 | -107 | ' | -1,437 | ' | ||||||
Balance | ' | -1,389 | -1,221 | -1,224 | -1,437 | ' | ' | ' | -1,221 | -1,389 | ' | -1,437 | ' | ||||||
Retained Earnings [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Balance | ' | ' | ' | 12,191 | ' | ' | ' | 29,364 | 12,191 | 12,191 | 12,191 | 29,364 | 38,079 | ||||||
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -646 | -10,889 | -2,921 | ||||||
Balance | 8,205 | ' | ' | ' | 12,191 | ' | ' | ' | ' | ' | 8,205 | 12,191 | 29,364 | ||||||
Retained Earnings [Member] | As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Balance | ' | ' | ' | ' | ' | ' | ' | 29,364 | ' | ' | ' | 29,364 | ' | ||||||
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -9,452 | ' | ||||||
Balance | ' | ' | ' | ' | 13,628 | ' | ' | ' | ' | ' | ' | 13,628 | ' | ||||||
Retained Earnings [Member] | Correction Of Errors [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,437 | ' | ||||||
Balance | ' | ' | ' | ' | ($1,437) | ' | ' | ' | ' | ' | ' | ($1,437) | ' | ||||||
[1] | Included in operating loss and net loss is $0.4 million loss on disposal and restructuring costs. | ||||||||||||||||||
[2] | The Company recorded an additional $1.4 milion in tax expense, compared to what was previously reported in its Annual Report on Form 10-K/A for the year ended December 31, 2012 (see Note 1). |
Nature_Of_Operations_And_Criti3
Nature Of Operations And Critical Accounting Policies And Estimates (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Cost adjustment period | '2 years | ' | ' |
Advertising and promotional expenses | $1.10 | $1 | $1.10 |
Company's Revenues [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Percentage of regulatory revenue | 5.00% | 8.00% | 11.00% |
Minimum [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Estimated useful life | '3 years | ' | ' |
Minimum [Member] | Support Equipment [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Property, plant and equipment estimated useful life | '3 years | ' | ' |
Minimum [Member] | Communication And Network Equipment [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Property, plant and equipment estimated useful life | '10 years | ' | ' |
Minimum [Member] | Internet Equipment [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Property, plant and equipment estimated useful life | '3 years | ' | ' |
Minimum [Member] | Buildings And Other Support Equipment [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Property, plant and equipment estimated useful life | '14 years | ' | ' |
Maximum [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Estimated useful life | '15 years | ' | ' |
Cash balance amount insured by FDIC | $0.25 | ' | ' |
Maximum [Member] | Support Equipment [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Property, plant and equipment estimated useful life | '19 years | ' | ' |
Maximum [Member] | Communication And Network Equipment [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Property, plant and equipment estimated useful life | '15 years | ' | ' |
Maximum [Member] | Internet Equipment [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Property, plant and equipment estimated useful life | '5 years | ' | ' |
Maximum [Member] | Buildings And Other Support Equipment [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Property, plant and equipment estimated useful life | '50 years | ' | ' |
Customer Relationships [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Estimated useful life | '8 years | '8 years | ' |
Seat Licenses [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Estimated useful life | '5 years | ' | ' |
Restricted Stock [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Vesting period | '3 years | ' | ' |
Restricted Stock [Member] | Minimum [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Vesting period | '2 years | ' | ' |
Restricted Stock [Member] | Maximum [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Vesting period | '3 years | ' | ' |
Natrue_Of_Operations_And_Criti
Natrue Of Operations And Critical Accounting Policies And Estimates (Schedule Of Allowance For Uncollectible Accounts) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Nature Of Operations And Critical Accounting Policies And Estimates [Abstract] | ' | ' | ' |
Balance at the beginning of the year | $638 | $759 | $350 |
Additions (reduction) changes to expense | -125 | 672 | 534 |
Recoveries of previous write offs | 97 | 24 | 44 |
Current period write offs | -232 | -817 | -169 |
Balance at the end of the year | $378 | $638 | $759 |
Business_Restructuring_Details
Business Restructuring (Details) (USD $) | 0 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Sep. 01, 2013 | Dec. 31, 2013 |
Business Restructuring [Abstract] | ' | ' |
Sales price | $0.60 | ' |
(Loss) on transaction | ' | -0.4 |
Write down of equipment | ' | $0.10 |
Business_Acquisition_Details
Business Acquisition (Details) (USD $) | 12 Months Ended | 0 Months Ended | 5 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Oct. 31, 2012 | Oct. 21, 2012 | Dec. 31, 2011 | Aug. 05, 2011 | Dec. 31, 2011 | Dec. 31, 2013 | Aug. 22, 2012 | Dec. 31, 2013 | Aug. 22, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | |
Alteva, LLC [Member] | Alteva, LLC [Member] | Alteva, LLC [Member] | Alteva, LLC [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Customer Relationships [Member] | Customer Relationships [Member] | Trade Name [Member] | Trade Name [Member] | ||||||
Alteva, LLC [Member] | ||||||||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Date of purchase | ' | ' | ' | ' | ' | ' | ' | 5-Aug-11 | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase price | ' | ' | ' | ' | ' | $17,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition-related costs | ' | ' | ' | ' | ' | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' | ' | ' | 3,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | 700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Puttable common stock price per share | ' | ' | ' | ' | ' | ' | ' | ' | $12.55 | ' | $14.68 | ' | ' | ' | ' | ' |
Payment for puttable shares | ' | ' | 500,000 | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated useful life | ' | ' | ' | ' | ' | ' | ' | ' | ' | '15 years | ' | '3 years | '8 years | '8 years | '15 years | '15 years |
Goodwill | $9,006,000 | $9,121,000 | ' | ' | $9,121,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill amortization period | '15 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill_Narrative_Details
Goodwill (Narrative) (Details) | 12 Months Ended |
Dec. 31, 2013 | |
Hypothetical fair value decrease, percentage | 20.00% |
Minimum [Member] | ' |
Amount fair value exceeds carrying value, percentage | 10.00% |
Goodwill_Schedule_Of_Goodwill_
Goodwill (Schedule Of Goodwill) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2011 |
Goodwill Amd Intangible Assets[Abstract] | ' | ' |
Goodwill, Beginning Balance | $9,121 | $9,121 |
Disposals | -115 | ' |
Goodwill, Ending Balance | $9,006 | $9,121 |
Seat_Licenses_And_Other_Intang2
Seat Licenses And Other Intangible Assets (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Purchase of seat licenses | $392,000 | $700,000 | $484,000 |
Seat Licenses [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Amortization expense | 500,000 | 300,000 | 100,000 |
Other Intangible Assets [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Amortization expense | $800,000 | $900,000 | $400,000 |
Seat_Licenses_And_Other_Intang3
Seat Licenses And Other Intangible Assets (Components Of Other Intangible Assets) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Value | $7,879 | $7,800 |
Accumulated Amortization | -2,023 | -1,183 |
Net Value | 5,856 | 6,617 |
Seat Licenses [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Estimated Useful Lives | '5 years | ' |
Gross Value | 2,606 | 2,072 |
Accumulated Amortization | -857 | -558 |
Net Value | 1,749 | 1,514 |
Customer Relationships [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Estimated Useful Lives | '8 years | '8 years |
Gross Value | 5,400 | 5,400 |
Accumulated Amortization | -1,631 | -956 |
Net Value | 3,769 | 4,444 |
Trade Name [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Estimated Useful Lives | '15 years | '15 years |
Gross Value | 2,400 | 2,400 |
Accumulated Amortization | -387 | -227 |
Net Value | 2,013 | 2,173 |
Website [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Estimated Useful Lives | '12 years | ' |
Gross Value | 79 | ' |
Accumulated Amortization | -5 | ' |
Net Value | $74 | ' |
Maximum [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Estimated Useful Lives | '15 years | ' |
Minimum [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Estimated Useful Lives | '3 years | ' |
Seat_Licenses_And_Other_Intang4
Seat Licenses And Other Intangible Assets (Schedule Of Expected Amortization Expense) (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Seat Licenses [Member] | ' |
Finite-Lived Intangible Assets [Line Items] | ' |
2014 | $507 |
2015 | 504 |
2016 | 416 |
2017 | 199 |
2018 | 35 |
Other Intangible Assets [Member] | ' |
Finite-Lived Intangible Assets [Line Items] | ' |
2014 | 846 |
2015 | 846 |
2016 | 844 |
2017 | 839 |
2018 | $839 |
Property_Plant_And_Equipment_N
Property, Plant And Equipment (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Depreciation | $2,500,000 | $4,200,000 | $4,800,000 |
Impairment loss on fixed assets | ' | 8,883,000 | ' |
Telephone [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Impairment loss on fixed assets | ' | $8,883,000 | ' |
Percentage of assumed weighted average cost of capital | ' | 10.00% | ' |
Maximum [Member] | Telephone [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Percentage of assumed long-term decline rate | ' | 7.00% | ' |
Minimum [Member] | Telephone [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Percentage of assumed long-term decline rate | ' | 3.00% | ' |
Property_Plant_And_Equipment_S
Property, Plant And Equipment (Schedule Of Property, Plant And Equipment) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | $76,397 | $79,799 |
Less: Accumulated depreciation | 62,560 | 63,353 |
Property, Plant and Equipment, Net, Total | 13,837 | 16,446 |
Land, Buildings And Other Support Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 10,777 | 10,647 |
Network Communications Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 31,289 | 35,183 |
Telephone And Online Plant [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 34,307 | 33,935 |
Plant In Service [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 76,373 | 79,765 |
Construction In Progress [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | $24 | $34 |
Severance_Details
Severance (Details) (USD $) | 1 Months Ended | 0 Months Ended | 3 Months Ended | |
In Millions, unless otherwise specified | 31-May-13 | 21-May-13 | Jun. 30, 2013 | Dec. 31, 2013 |
Termination Of Mr. Albro [Member] | Employee Severance [Member] | Employee Severance [Member] | Employee Severance [Member] | |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Workforce reduction, percentage | ' | 17.00% | ' | ' |
Severance costs | $0.50 | ' | $0.30 | ' |
Severance-related liability | ' | ' | ' | $0.20 |
Orange_CountyPoughkeepsie_Limi2
Orange County-Poughkeepsie Limited Partnership (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
item | |||
Orange County-Poughkeepsie Limited Partnership [Abstract] | ' | ' | ' |
Equity interest in O-P | 8.11% | 8.11% | ' |
Annual cash distributions to the Company from the O-P | $13,000,000 | $13,000,000 | $13,600,000 |
Aggregate strike price | 50,000,000 | ' | ' |
Equity method investment put option value multiplier times EBITDA | 0.081081 | ' | ' |
Equity method investment, amount the investment account was reduced to | ' | $0 | ' |
Orange_CountyPoughkeepsie_Limi3
Orange County-Poughkeepsie Limited Partnership (Summarized O-P Income Statement Information) (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Company share | $13,000 | $11,021 | $7,898 | |
O-P [Member] | ' | ' | ' | |
Net revenue | 331,278 | 310,416 | 273,340 | [1] |
Cellular service cost | 156,699 | 151,712 | 122,142 | [1] |
Operating expenses | 84,927 | 81,152 | 53,832 | [1] |
Operating income | 89,652 | 77,552 | 97,366 | [1] |
Other income | 27 | 14 | 40 | [1] |
Net income | 89,679 | 77,566 | 97,406 | [1] |
Company share | $7,271 | $6,290 | $7,898 | [1] |
[1] | The twelve months ended December 31, 2011 income statement represents five months of the O-P operating as a wholesale business and seven months of the O-P operating as a retail business in accordance with Amendment 6 to the O-P Limited Partnership Agreement effective May 1, 2011. |
Orange_CountyPoughkeepsie_Limi4
Orange County-Poughkeepsie Limited Partnership (Summarized O-P Balance Sheet Information) (Details) (O-P [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
O-P [Member] | ' | ' |
Current assets | $23,351 | $22,370 |
Property, plant and equipment, net | 41,646 | 41,072 |
Other Assets | 365 | ' |
Total assets | 65,362 | 63,442 |
Total liabilities | 17,887 | 30,162 |
Partners' capital | 47,475 | 33,280 |
Total liabilities and partners' capital | $65,362 | $63,442 |
Debt_Obligations_Narrative_Det
Debt Obligations (Narrative) (Details) (USD $) | 12 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Mar. 11, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 11, 2013 | Dec. 31, 2012 | Mar. 11, 2013 | Dec. 31, 2012 | Dec. 31, 2012 |
item | Provident Bank [Member] | TriState Capital Bank [Member] | TriState Capital Bank [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | CoBank ACB Revolving Loan Facility [Member] | |||
TriState Capital Bank [Member] | TriState Capital Bank [Member] | TriState Capital Bank [Member] | TriState Capital Bank [Member] | ||||||||
Debt Obligations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, maximum | ' | ' | ' | ' | ' | ' | $20 | ' | $17 | ' | ' |
Interest rate percent, plus LIBOR | ' | ' | ' | ' | ' | ' | 3.50% | 4.00% | 2.00% | 3.00% | 4.50% |
Credit facilty, amount available | 7.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate at period end | ' | ' | ' | ' | 3.70% | ' | ' | ' | ' | ' | ' |
Consolidated liquidity ratio | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of debt facilities | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate on borrowing | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.71% |
Revolving loan facilty, borrowing capacity | ' | ' | ' | ' | ' | 2.5 | ' | ' | ' | ' | 10 |
Line of credit, drawdown | ' | ' | ' | 4 | ' | ' | ' | ' | ' | ' | ' |
Fixed interest rate percent | ' | ' | ' | 2.50% | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, outstanding | ' | $15.20 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Obligations_Schedule_Of_D
Debt Obligations (Schedule Of Debt Obligations) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Short-term debt | $10,126 | ' |
Long-term debt | 297 | 14,095 |
Total debt obligations | 10,423 | 14,095 |
Capital Leases And Other Borrowings [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Short-term debt | 428 | ' |
Long-term debt | 297 | ' |
CoBank ACB Revolving Loan Facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term debt | ' | 8,595 |
Provident Bank Credit Line [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term debt | ' | 4,000 |
TriState Capital Bank [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Short-term debt | 9,698 | ' |
Long-term debt | ' | $1,500 |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Deferred tax asset, understated amount | ' | $0.30 |
Valuation allowance, understated amount | ' | 1.1 |
Net loss, understated amount | ' | 1.4 |
Additional deferred tax assets | ' | 0.3 |
Increase in deferred tax assets | 0.9 | 2.5 |
Effective income tax rate | 34.00% | ' |
State operating loss carryforwards | 18.8 | ' |
Tax refund | ' | $0.50 |
Period of time after formal notification | '1 year | ' |
Maximum [Member] | ' | ' |
Period of tax return examination | '5 years | ' |
Minimum [Member] | ' | ' |
Period of tax return examination | '3 years | ' |
Income_Taxes_Tax_Expense_By_Ju
Income Taxes (Tax Expense By Jurisdiction) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Taxes [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Federal | ' | ' | ' | ' | ' | $876 | ($232) | ($1,150) |
State and local | ' | ' | ' | ' | ' | 22 | -2 | 51 |
Provision (benefit) for income tax | ' | ' | ' | ' | ' | 898 | -234 | -1,099 |
Federal | ' | ' | ' | ' | ' | 463 | -2,824 | -269 |
State and local | ' | ' | ' | ' | ' | 81 | 14 | 483 |
Deferred Income Tax Expense (Benefit), Total | ' | ' | 40 | 315 | 307 | 544 | -2,810 | 214 |
Net income | $654 | $155 | ($506) | ($351) | $303 | $1,442 | ($3,044) | ($885) |
Income_Taxes_Deferred_Tax_Asse
Income Taxes (Deferred Tax Assets And Liabilities) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Income Taxes [Abstract] | ' | ' | ' | ' |
Employee pensions and other benefits | $2,226 | $3,285 | ' | ' |
State net operating loss carryforward | 1,040 | 1,181 | ' | ' |
Equity compensation expense | 563 | 244 | ' | ' |
Intangible assets | 785 | 615 | ' | ' |
Other | 756 | 473 | ' | ' |
Total deferred income tax assets | 5,370 | 5,798 | ' | ' |
Valuation allowance | -3,163 | -3,198 | -693 | -125 |
Property, plant and equipment | 2,001 | 2,161 | ' | ' |
Tax amortizable goodwill | 541 | 331 | ' | ' |
Other | 206 | 105 | ' | ' |
Total deferred income tax liabilities | 2,748 | 2,597 | ' | ' |
Net deferred income tax assets (liabilities) | ($541) | $3 | ' | ' |
Income_Taxes_Schedule_Of_Chang
Income Taxes (Schedule Of Change In Valuation Allowance) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Taxes [Abstract] | ' | ' | ' |
Balance at the beginning of the period | $3,198 | $693 | $125 |
Amounts charged to expense | 874 | 2,505 | 568 |
Other increases (decreases) | -909 | ' | ' |
Balance at the end of the period | $3,163 | $3,198 | $693 |
Income_Taxes_Schedule_Of_Incom
Income Taxes (Schedule Of Income Tax Reconciliation) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Taxes [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Statutory rate applied to pre-tax income (loss) | ' | ' | ' | ' | ' | $271 | ($4,737) | ($1,294) |
State income taxes, net | ' | ' | ' | ' | ' | 192 | -981 | -215 |
Valuation allowance - state net operating loss carryforwards | ' | ' | ' | ' | ' | 874 | 2,505 | 568 |
Other | ' | ' | ' | ' | ' | 105 | 169 | 56 |
Net income | $654 | $155 | ($506) | ($351) | $303 | $1,442 | ($3,044) | ($885) |
Pension_And_Postretirement_Obl2
Pension And Postretirement Obligations (Narrative) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
item | |||
Y | |||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Number of defined benefit pension plan | 2 | ' | ' |
Minimum age of employee to enroll in defined benefit pension plan | 21 | ' | ' |
Minimum service period required for employees to enroll in pension plan | '1 year | ' | ' |
Minimum age of postretirement medical benefit plan enrollment | 55 | ' | ' |
Minimum service period of postretirement medical benefit plan enrollment | '10 years | ' | ' |
Rate of return assumption | 8.00% | ' | ' |
Expected contributions | $300,000 | ' | ' |
Participant's contribution percentage | 100.00% | ' | ' |
Employer matching contribution percentage | 100.00% | ' | ' |
Company contributions | 400,000 | 400,000 | 300,000 |
Deferred compensation liability balance | 300,000 | ' | ' |
Equity Securities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Target allocations minimum | 50.00% | ' | ' |
Target allocations maximum | 60.00% | ' | ' |
Incorrectly reported plan asset fair value amount | ' | 4,900,000 | ' |
Fixed Income Securities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Target allocations minimum | 40.00% | ' | ' |
Target allocations maximum | 50.00% | ' | ' |
Incorrectly reported plan asset fair value amount | ' | 900,000 | ' |
Cash And Cash Equivalents [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Target allocations minimum | 0.00% | ' | ' |
Target allocations maximum | 10.00% | ' | ' |
Pension Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Rate of return assumption | 8.00% | 8.00% | ' |
Projected benefit obligation | 18,500,000 | 19,900,000 | ' |
Fair value of plan assets | 13,100,000 | 12,400,000 | ' |
Unfunded projected benefit obligation | 5,400,000 | 7,500,000 | ' |
(Decrease) in pension liability | -2,100,000 | ' | ' |
(Decrease) in accumulated other comprehensive loss | -2,300,000 | ' | ' |
Company contributions | 520,000 | 455,000 | ' |
Postretirement Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Rate of return assumption | 8.00% | 8.00% | ' |
Projected benefit obligation | 2,800,000 | ' | ' |
Fair value of plan assets | 2,200,000 | ' | ' |
Unfunded projected benefit obligation | 600,000 | 3,700,000 | ' |
Increase in fair value of plan assets | 800,000 | ' | ' |
(Decrease) in pension liability | 800,000 | ' | ' |
(Decrease) in accumulated other comprehensive loss | 300,000 | ' | ' |
Assumed health care cost trend rate | 8.50% | 9.00% | ' |
Grading down rate | 5.00% | ' | ' |
Percentage of health care cost trend rate grade down each year | 0.50% | ' | ' |
Effect of 1.0% increase on accumulated postretirement benefit obligation | 300,000 | ' | ' |
Effect of 1.0% decrease on accumulated postretirement benefit obligation | 200,000 | ' | ' |
Company contributions | $134,000 | $133,000 | ' |
Maximum [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Percentage of contributions matched by employer | 4.50% | ' | ' |
Minimum [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Percentage of contributions matched by employer | 4.00% | ' | ' |
Pension_And_Postretirement_Obl3
Pension And Postretirement Obligations (Components Of Net Periodic Cost (Gain)) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Pension Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Interest cost | $756 | $759 | $860 |
Expected return on plan assets | -975 | -876 | -913 |
Amortization of prior service cost | 56 | 56 | 56 |
Recognized actuarial (gain) loss | 840 | 909 | 755 |
Net periodic benefit cost (gain) | 677 | 848 | 758 |
Postretirement Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Service cost | 13 | 14 | 14 |
Interest cost | 112 | 226 | 238 |
Expected return on plan assets | -178 | -173 | -168 |
Amortization of transition asset | ' | 28 | 28 |
Amortization of prior service cost | -330 | -330 | -330 |
Recognized actuarial (gain) loss | 37 | 131 | 94 |
Net periodic benefit cost (gain) | ($346) | ($104) | ($124) |
Pension_And_Postretirement_Obl4
Pension And Postretirement Obligations (Schedule Of Amounts In Accumulated Other Comprehensive Income (Loss) To Be Recognized Over Next Fiscal Year) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Pension Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Amortization of net actuarial loss | $710 | ' | ' |
Amortization of prior service cost (credit) | 56 | 56 | 56 |
Postretirement Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Amortization of net actuarial loss | 24 | ' | ' |
Amortization of prior service cost (credit) | ($330) | ($330) | ($330) |
Pension_And_Postretirement_Obl5
Pension And Postretirement Obligations (Summary Of Projected Benefit Obligation And Plan Assets) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Employer contributions | $400 | $400 | $300 |
Pension Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Benefit obligation, beginning of year | 19,908 | 18,556 | ' |
Interest cost | 756 | 759 | 860 |
Actuarial losses (income) | -1,240 | 1,518 | ' |
Benefit payments | -931 | -925 | ' |
Benefit obligation, end of year | 18,493 | 19,908 | 18,556 |
Fair value of plan assets, beginning of year | 12,443 | 11,265 | ' |
Actual return on plan | 1,084 | 1,648 | ' |
Employer contributions | 520 | 455 | ' |
Fair value of plan assets, end of year | 13,116 | 12,443 | 11,265 |
Unfunded status at end of year | -5,377 | -7,465 | ' |
Postretirement Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Benefit obligation, beginning of year | 3,655 | 5,143 | ' |
Service cost | 13 | 14 | 14 |
Interest cost | 112 | 226 | 238 |
Actuarial losses (income) | -805 | -1,595 | ' |
Benefit payments | -133 | -133 | ' |
Benefit obligation, end of year | 2,842 | 3,655 | 5,143 |
Fair value of plan assets, beginning of year | 2,221 | 2,167 | ' |
Actual return on plan | -16 | 54 | ' |
Employer contributions | 134 | 133 | ' |
Fair value of plan assets, end of year | 2,206 | 2,221 | 2,167 |
Unfunded status at end of year | ($636) | ($1,434) | ' |
Pension_And_Postretirement_Obl6
Pension And Postretirement Obligations (Schedule Of Amounts Recognized In Balance Sheet) (Details) (USD $) | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ' |
Pension and postretirement benefit obligations-current | $267 | $7,351 | $7,722 | $7,827 | $1,089 |
Pension and postretirement benefit obligations-long term | 6,007 | ' | ' | ' | 8,095 |
Pension Benefits [Member] | ' | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ' |
Pension and postretirement benefit obligations-current | -267 | ' | ' | ' | -954 |
Pension and postretirement benefit obligations-long term | -5,110 | ' | ' | ' | -6,511 |
Total | -5,377 | ' | ' | ' | -7,465 |
Postretirement Benefits [Member] | ' | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ' |
Pension and postretirement benefit obligations-current | ' | ' | ' | ' | -135 |
Pension and postretirement benefit obligations-long term | -636 | ' | ' | ' | -1,299 |
Total | ($636) | ' | ' | ' | ($1,434) |
Pension_And_Postretirement_Obl7
Pension And Postretirement Obligations (Schedule Of Amounts Recognized In Other Comprehensive Income (Loss)) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Income taxes expense (benefit) | $654 | $155 | ($506) | ($351) | $303 | $1,442 | ($3,044) | ($885) |
Pension Benefits [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Actuarial net (loss) gain | ' | ' | ' | ' | ' | -3,824 | -6,013 | ' |
Net prior service credit | ' | ' | ' | ' | ' | -178 | -234 | ' |
Income taxes expense (benefit) | ' | ' | ' | ' | ' | -2,433 | -2,234 | ' |
Total | ' | ' | ' | ' | ' | -1,569 | -4,013 | ' |
Postretirement Benefits [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Actuarial net (loss) gain | ' | ' | ' | ' | ' | -168 | -815 | ' |
Net prior service credit | ' | ' | ' | ' | ' | 507 | 837 | ' |
Income taxes expense (benefit) | ' | ' | ' | ' | ' | 206 | 8 | ' |
Total | ' | ' | ' | ' | ' | $133 | $14 | ' |
Pension_And_Postretirement_Obl8
Pension And Postretirement Obligations (Schedule Of Assumptions Used) (Details) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Expected return on plans | 8.00% | ' |
Pension Benefits [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Expected return on plans | 8.00% | 8.00% |
Net Periodic Benefit Cost, Discount rate | ' | 4.25% |
Postretirement Benefits [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Projected Benefit Obligation, Discount rate | 4.50% | 3.60% |
Expected return on plans | 8.00% | 8.00% |
Projected Benefit Obligation, Healthcare cost trend | 8.50% | 9.00% |
Net Periodic Benefit Cost, Discount rate | 3.60% | 4.25% |
Maximum [Member] | Pension Benefits [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Projected Benefit Obligation, Discount rate | 4.70% | 3.90% |
Net Periodic Benefit Cost, Discount rate | 3.90% | ' |
Minimum [Member] | Pension Benefits [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Projected Benefit Obligation, Discount rate | 4.50% | 3.70% |
Net Periodic Benefit Cost, Discount rate | 3.70% | ' |
Pension_And_Postretirement_Obl9
Pension And Postretirement Obligations (Schedule Of Fair Value Of Plan Assets) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Pension Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | $13,116 | $12,443 | $11,265 |
Pension Benefits [Member] | Equity Securities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | 6,777 | 6,239 | ' |
Pension Benefits [Member] | Fixed Income Securities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | 5,528 | 5,390 | ' |
Pension Benefits [Member] | Cash And Cash Equivalents [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | 811 | 814 | ' |
Pension Benefits [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | 6,777 | 6,609 | ' |
Pension Benefits [Member] | Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | 1,361 | 1,293 | ' |
Pension Benefits [Member] | Fair Value, Inputs, Level 1 [Member] | Fixed Income Securities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | 4,605 | 4,502 | ' |
Pension Benefits [Member] | Fair Value, Inputs, Level 1 [Member] | Cash And Cash Equivalents [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | 811 | 814 | ' |
Pension Benefits [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | 6,339 | 5,834 | ' |
Pension Benefits [Member] | Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | 5,416 | 4,946 | ' |
Pension Benefits [Member] | Fair Value, Inputs, Level 2 [Member] | Fixed Income Securities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | 923 | 888 | ' |
Postretirement Benefits [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | 2,206 | 2,221 | 2,167 |
Postretirement Benefits [Member] | Fixed Income Securities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | 1,744 | 1,760 | ' |
Postretirement Benefits [Member] | Cash And Cash Equivalents [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | 462 | 461 | ' |
Postretirement Benefits [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | 2,206 | 2,221 | ' |
Postretirement Benefits [Member] | Fair Value, Inputs, Level 1 [Member] | Fixed Income Securities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | 1,744 | 1,760 | ' |
Postretirement Benefits [Member] | Fair Value, Inputs, Level 1 [Member] | Cash And Cash Equivalents [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Plan assets | $462 | $461 | ' |
Recovered_Sheet1
Pension And Postretirement Obligations (Schedule Of Expected Benefit Payment) (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Pension Benefits [Member] | ' |
Defined Benefit Plan Disclosure [Line Items] | ' |
2014 | $1,041 |
2015 | 1,065 |
2016 | 1,095 |
2017 | 1,160 |
2018 | 1,216 |
2019-2022 | 6,330 |
Postretirement Benefits [Member] | ' |
Defined Benefit Plan Disclosure [Line Items] | ' |
2014 | 203 |
2015 | 190 |
2016 | 167 |
2017 | 177 |
2018 | 178 |
2019-2022 | $941 |
Stock_Based_Compensation_Narra
Stock Based Compensation (Narrative) (Details) (USD $) | 12 Months Ended | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 28, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | |
Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Long-Term Incentive Plan [Member] | Long-Term Incentive Plan [Member] | Long-Term Incentive Plan [Member] | Minimum [Member] | Maximum [Member] | ||||
Restricted Stock [Member] | Restricted Stock [Member] | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares authorized for plan | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,100,000 | ' | 500,000 | ' | ' |
Shares avaliable for grant | ' | ' | ' | ' | ' | ' | ' | ' | ' | 57,923 | 675,956 | ' | ' | ' |
Minimum exercise price per share of stock options as a percentage of grant date fair market value | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock option or stock appreciation term, maximum | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock-based compensation expense | $1,457,000 | $867,000 | $960,000 | $1,400,000 | $700,000 | $700,000 | $100,000 | $200,000 | $300,000 | ' | ' | ' | ' | ' |
Vesting period | ' | ' | ' | '3 years | ' | ' | '3 years | ' | ' | ' | ' | ' | '2 years | '3 years |
Total fair value of vested restricted stock | ' | ' | ' | 500,000 | 700,000 | 500,000 | 1,700,000 | 1,200,000 | 1,500,000 | ' | ' | ' | ' | ' |
Intrinsic value of options exercised | 0 | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total unrecognized stock options compensation expense | ' | ' | ' | ' | ' | ' | $3,000,000 | ' | ' | ' | ' | ' | ' | ' |
Weighted average period of recognition for total unrecognized stock options compensation expense | ' | ' | ' | ' | ' | ' | '1 year 11 months 12 days | ' | ' | ' | ' | ' | ' | ' |
Stock_Based_Compensation_Sched
Stock Based Compensation (Schedule Of Restricted Stock Grants) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Stock Based Compensation [Abstract] | ' | ' | ' |
Restricted stock granted, Shares | 420,824 | 46,281 | 61,636 |
Restricted stock granted, Grant Date Fair Value per Share | $10.19 | $13.92 | $14.62 |
Stock_Based_Compensation_Sched1
Stock Based Compensation (Schedule Of Restricted Stock Activity) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Stock Based Compensation [Abstract] | ' | ' | ' |
Balance - Beginning of period, Shares | 59,078 | ' | ' |
Granted, Shares | 420,824 | 46,281 | 61,636 |
Vested, Shares | -43,224 | ' | ' |
Forfeited, Shares | -26,789 | ' | ' |
Balance - End of period, Shares | 409,889 | 59,078 | ' |
Balance - Beginning of period, Grant Date Weighted Average Price per Share | $14.10 | ' | ' |
Granted, Grant Date Weighted Average per Share | $10.19 | $13.92 | $14.62 |
Vested, Grant Date Weighted Average per Share | $12.05 | ' | ' |
Forfeited, Grant Date Weighted Average per Share | $13.66 | ' | ' |
Balance - End of period, Grant Date Weighted Average Price per Share | $10.33 | $14.10 | ' |
Stock_Based_Compensation_Sched2
Stock Based Compensation (Schedule Of Stock Option Activity) (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Stock Based Compensation [Abstract] | ' |
Outstanding - Beginning of period, Shares | 263,554 |
Stock options granted, Shares | 476,189 |
Forfeited or expired, Shares | -240,201 |
Outstanding - End of period, Shares | 499,542 |
Vested and Expected to Vest at December 31, Shares | 479,560 |
Exercisable at December 31, Shares | 175,838 |
Outstanding - Beginning of period, Weighted Average Exercise Price | $14.02 |
Stock options granted, Weighted Average Exercise Price | $10.86 |
Forfeited or expired, Weighted Average Exercise Price | $12.41 |
Outstanding - End of period, Weighted Average Exercise Price | $11.78 |
Stock_Based_Compensation_Sched3
Stock Based Compensation (Schedule Of Stock Option Awards, By Exercise Price) (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Shares Outstanding | 499,542 |
Weighted Average Exercise Price | $11.78 |
Weighted Average Contractual Life (Years) | '8 years 2 months 27 days |
Aggregate Intrinsic Value | ' |
Shares Outstanding, Vested and expected to vest | 479,560 |
Weighted Average Exercise Price, Vested and expected to vest | $11.78 |
Weighted Average Remaining Contractual Life (Years), Vested and expected to vest | '8 years 2 months 27 days |
Aggregate Intrinsic Value, Vested and expected to vest | ' |
Shares Outstanding, Exercisable | 175,838 |
Weighted Average Exercise Price, Exercisable | $14.02 |
Weighted Average Remaining Contractual Life, Exercisable | '7 years 26 days |
Aggregate Intrinsic Value, Exercisable | ' |
$9.90 - 10.80 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise price per share, lower limit | $9.90 |
Exercise price per share, upper limit | $10.80 |
Shares Outstanding | 309,092 |
Weighted Average Exercise Price | $10.15 |
Weighted Average Contractual Life (Years) | '8 years 8 months 16 days |
Aggregate Intrinsic Value | ' |
$12.88 - 12.97 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise price per share, lower limit | $12.88 |
Exercise price per share, upper limit | $12.97 |
Shares Outstanding | 20,400 |
Weighted Average Exercise Price | $12.89 |
Weighted Average Contractual Life (Years) | '6 years 1 month 10 days |
Aggregate Intrinsic Value | ' |
$14.38 - 14.85 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise price per share, lower limit | $14.38 |
Exercise price per share, upper limit | $14.85 |
Shares Outstanding | 170,050 |
Weighted Average Exercise Price | $14.62 |
Weighted Average Contractual Life (Years) | '7 years 7 months 24 days |
Aggregate Intrinsic Value | ' |
Stock_Based_Compensation_Sched4
Stock Based Compensation (Schedule Of Stock Option Pricing Assumptions) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Stock Based Compensation [Abstract] | ' | ' | ' |
Expected life | '6 years | '10 years | '10 years |
Interest rate | 0.97% | 2.71% | 3.40% |
Volatility | 27.89% | 27.10% | 32.77% |
Dividend yield | 10.78% | 7.23% | 7.00% |
Weighted-average fair value per share at grant date | $0.50 | $1.37 | $2.16 |
Stock_Based_Compensation_Sched5
Stock Based Compensation (Schedule Of Stock-Based Compensation Expense) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation expense | $1,457 | $867 | $960 |
Cost of Sales [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation expense | 6 | 41 | 66 |
Selling, General And Administrative Expenses [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation expense | $1,451 | $826 | $894 |
Earnings_Loss_Per_Share_Schedu
Earnings (Loss) Per Share (Schedule Of Weighted Average Number Of Shares Of Common Stock Used In Diluted Earnings (Loss) Per Share) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Earnings (Loss) Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net income (loss) applicable to common stock before participating securities | $337 | ($16) | ($677) | ($693) | ($356) | ($671) | ($10,914) | ($2,946) | |||
Less: income applicable to participated securities | ' | ' | ' | ' | ' | ' | [1] | ' | [1] | ' | [1] |
Net income (loss) applicable to common stock | ' | ' | ' | ' | ' | ($671) | ($10,914) | ($2,946) | |||
Weighted average shares of common stock used in basic earnings per share | ' | ' | ' | ' | ' | 6,112 | 5,712 | 5,425 | |||
Effects of puttable common stock | ' | ' | ' | ' | ' | ' | [2] | ' | [2] | 11 | [2] |
Weighted average shares outstanding - Basic and Diluted | ' | ' | ' | ' | ' | 6,112 | [3] | 5,712 | [3] | 5,436 | [3] |
Net earnings (loss) per share - Basic and Diluted | ' | ' | ' | ' | ' | ($0.11) | ($1.91) | ($0.54) | |||
Money Stock Options [Member] | ' | ' | ' | ' | ' | ' | ' | ' | |||
Earnings (Loss) Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | |||
Shares excluded from EPS | ' | ' | ' | ' | ' | 200,000 | ' | ' | |||
Restricted Stock [Member] | ' | ' | ' | ' | ' | ' | ' | ' | |||
Earnings (Loss) Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | |||
Participating securities | ' | ' | ' | ' | ' | 300,000 | ' | ' | |||
Participating Securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' | |||
Earnings (Loss) Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | |||
Participating securities | ' | ' | ' | ' | ' | ' | 100,000 | 100,000 | |||
[1] | For the years ended December 31, 2013, 2012 and 2011, the Company had 0.3 million, 0.1 million and 0.1 million, respectively, of nonvested participating securities. As the participating securities do not participate in losses, there was no allocation of loss for the years ended December 31, 2013, 2012 and 2011. | ||||||||||
[2] | Included in the weighted average shares of common stock - basic for 2012 and 2011 were puttable common shares that arose from the Alteva, LLC acquisition in August 2011. During the second half of 2012, all of the puttable shares were either exercised or the put option was terminated and are no longer outstanding. | ||||||||||
[3] | For the year ended December 31, 2013, 0.2 million potentially dilutive shares related to out of the money common stock options were excluded from EPS, as their effect was anti-dilutive. |
Shareholders_Equity_And_Puttab1
Shareholders' Equity And Puttable Common Stock (Details) (USD $) | 12 Months Ended | |||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Oct. 21, 2011 | |
Preferred Stock $100 Par Value [Member] | Preferred Stock $100 Par Value [Member] | Preferred Stock $0.01 Par Value [Member] | Preferred Stock $0.01 Par Value [Member] | Alteva, LLC [Member] | Alteva, LLC [Member] | |||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, authorized shares | 10,000,000 | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, par value | $0.01 | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred shares, authorized shares | ' | ' | ' | ' | 5,000 | 5,000 | 10,000,000 | 10,000,000 | ' | ' |
Preferred shares, par value | ' | ' | ' | ' | $100 | $100 | $0.01 | $0.01 | ' | ' |
Common stock, issued shares | 6,970,626 | 6,576,542 | ' | ' | ' | ' | ' | ' | ' | 272,479 |
Preferred stock, dividend rate per annum | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, dividends per share | $0.54 | $1.08 | $1.04 | ' | ' | ' | ' | ' | ' | ' |
Puttable common stock, shares sold | ' | ' | ' | 247,331 | ' | ' | ' | ' | ' | ' |
Puttable common stock, shares acquired | ' | ' | ' | ' | ' | ' | ' | ' | 25,148 | ' |
Segment_Information_Narrative_
Segment Information (Narrative) (Details) | 12 Months Ended |
Dec. 31, 2013 | |
segment | |
Segment Information [Abstract] | ' |
Number of segments | 2 |
Segment_Information_Segment_In
Segment Information (Segment Income Statement Information) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Operating Revenues | $7,385 | $7,530 | [1] | $7,447 | $7,740 | $6,925 | [2] | $7,050 | [1],[2] | $6,886 | [2] | $7,081 | [2] | ' | ' | $30,102 | $27,942 | [2] | $25,936 |
Cost of services and products | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,465 | 14,134 | 14,701 | ||||||
Selling, general and administration expense | ' | 5,115 | 6,226 | 7,248 | ' | ' | ' | ' | 13,474 | 18,589 | 23,989 | 23,702 | 17,558 | ||||||
Impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,883 | ' | ||||||
Loss on disposal and restructuring costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 447 | ' | ' | ||||||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,815 | 5,476 | 5,266 | ||||||
Total operating expenses | ' | 9,629 | 10,402 | 12,039 | ' | ' | ' | ' | 22,441 | 32,070 | 41,716 | 52,195 | 37,525 | ||||||
Operating loss | -2,261 | -2,099 | [1] | -2,955 | -4,299 | -13,633 | [2] | -4,019 | [1],[2] | -3,447 | [2] | -3,154 | [2] | -7,254 | -9,353 | -11,614 | -24,253 | [2] | -11,589 |
Interest income (expense), net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -756 | -415 | -64 | ||||||
Income from equity method investment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,000 | 11,021 | 7,898 | ||||||
Other income (expense), net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 166 | -286 | -51 | ||||||
Income (loss) before income taxes | ' | 997 | 146 | -1,177 | ' | ' | ' | ' | -1,031 | -34 | 796 | -13,933 | -3,806 | ||||||
Unified Communications [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Operating Revenues | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,834 | 13,569 | 8,360 | ||||||
Cost of services and products | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,798 | 8,994 | 6,590 | ||||||
Selling, general and administration expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,602 | 15,055 | 9,794 | ||||||
Loss on disposal and restructuring costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 447 | ' | ' | ||||||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,287 | 2,037 | 1,132 | ||||||
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 27,134 | 26,086 | 17,516 | ||||||
Operating loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -11,300 | -12,517 | -9,156 | ||||||
Telephone [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Operating Revenues | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,268 | 14,373 | 17,576 | ||||||
Cost of services and products | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,667 | 5,140 | 8,111 | ||||||
Selling, general and administration expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,387 | 8,647 | 7,764 | ||||||
Impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,883 | ' | ||||||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,528 | 3,439 | 4,134 | ||||||
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,582 | 26,109 | 20,009 | ||||||
Operating loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($314) | ($11,736) | ($2,433) | ||||||
[1] | Included in operating loss and net loss is $0.4 million loss on disposal and restructuring costs. | ||||||||||||||||||
[2] | The Company recorded an additional $1.4 milion in tax expense, compared to what was previously reported in its Annual Report on Form 10-K/A for the year ended December 31, 2012 (see Note 1). |
Segment_Information_Segment_Ba
Segment Information (Segment Balance Sheet And Capital Expenditures Information) (Details) (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' |
Assets | $37,263 | $42,122 | ' | $38,942 | $40,323 | $41,880 |
Total capital expenditures | 1,015 | 4,731 | 2,881 | ' | ' | ' |
Unified Communications [Member] | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' |
Assets | 21,884 | 23,500 | ' | ' | ' | ' |
Total capital expenditures | 564 | 2,989 | 1,016 | ' | ' | ' |
Telephone [Member] | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' |
Assets | 15,379 | 18,622 | ' | ' | ' | ' |
Total capital expenditures | $451 | $1,742 | $1,865 | ' | ' | ' |
Quarterly_Information_Schedule
Quarterly Information (Schedule Of Quarterly Financial Information) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||||||
Quarterly Information [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Operating revenues | $7,385,000 | $7,530,000 | [1] | $7,447,000 | $7,740,000 | $6,925,000 | [2] | $7,050,000 | [1],[2] | $6,886,000 | [2] | $7,081,000 | [2] | ' | ' | $30,102,000 | $27,942,000 | [2] | $25,936,000 | |||
Segment operating loss | -2,261,000 | -2,099,000 | [1] | -2,955,000 | -4,299,000 | -13,633,000 | [2] | -4,019,000 | [1],[2] | -3,447,000 | [2] | -3,154,000 | [2] | -7,254,000 | -9,353,000 | -11,614,000 | -24,253,000 | [2] | -11,589,000 | |||
Net income (loss) | -309,000 | 343,000 | [1] | -9,000 | -671,000 | -8,505,000 | [2] | -922,000 | [1],[2] | -228,000 | [2] | -1,234,000 | [2] | -680,000 | -337,000 | -646,000 | -10,889,000 | [2] | -2,921,000 | |||
Net income (loss) per share - Basic | ($0.05) | $0.06 | [1] | ' | ($0.12) | ($1.49) | [2] | ($0.16) | [1],[2] | ($0.04) | [2] | ($0.22) | [2] | ($0.12) | ($0.06) | ($0.11) | ($1.91) | [2] | ($0.54) | |||
Basic loss per puttable common share | ' | ' | ' | ' | ' | ($0.16) | [1],[2] | ($0.04) | [2] | ($0.22) | [2] | ' | ' | ' | ' | ($0.54) | ||||||
Diluted loss per common share | ($0.05) | [3] | $0.06 | [1],[3] | ' | ($0.12) | [3] | ($1.49) | [2],[3] | ($0.16) | [1],[2],[3] | ($0.04) | [2],[3] | ($0.22) | [2],[3] | ($0.12) | ($0.06) | ($0.11) | [3] | ($1.91) | [2],[3] | ($0.54) |
Diluted loss per puttable common share | ' | ' | ' | ' | ' | ($0.16) | [1],[2],[3] | ($0.04) | [2],[3] | ($0.22) | [2],[3] | ' | ' | ' | ' | ($0.54) | ||||||
Basic (common) | 6,191,000 | 5,776,000 | [1] | 5,775,000 | 5,751,000 | 5,703,000 | [2] | 5,744,000 | [1],[2] | 5,731,000 | [2] | 5,716,000 | [2] | ' | ' | 6,111,608 | 5,711,815 | 5,413,144 | ||||
Basic (puttable common) | ' | ' | ' | ' | ' | 25,000 | [1],[2] | 272,000 | [2] | 272,000 | [2] | ' | ' | ' | ' | 186 | ||||||
Diluted (common) | 6,191,000 | 5,776,000 | [1] | 5,775,000 | 5,751,000 | 5,703,000 | [2] | 5,744,000 | [1],[2] | 5,731,000 | [2] | 5,716,000 | [2] | ' | ' | 6,111,608 | 5,711,815 | 5,413,144 | ||||
Diluted (puttable common) | ' | ' | ' | ' | ' | 25,000 | [1],[2] | 272,000 | [2] | 272,000 | [2] | ' | ' | ' | ' | 186 | ||||||
Loss on disposal and restructuring costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 447,000 | ' | ' | |||||||||
Increase in tax expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,400,000 | ' | |||||||||
Overstated post retirements benefit expense amount | ' | $100,000 | $100,000 | $100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
[1] | Included in operating loss and net loss is $0.4 million loss on disposal and restructuring costs. | |||||||||||||||||||||
[2] | The Company recorded an additional $1.4 milion in tax expense, compared to what was previously reported in its Annual Report on Form 10-K/A for the year ended December 31, 2012 (see Note 1). | |||||||||||||||||||||
[3] | There is no difference between basic and diluted earnings (loss) per share due to stock options being out of the money. |
Quarterly_Information_Schedule1
Quarterly Information (Schedule Of Quarterly Effect Of Income Statement Restatement) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||||||
Selling, general and administration expenses | ' | $5,115 | $6,226 | $7,248 | ' | ' | ' | ' | $13,474 | $18,589 | $23,989 | $23,702 | $17,558 | |||||||||
Total operating expenses | ' | 9,629 | 10,402 | 12,039 | ' | ' | ' | ' | 22,441 | 32,070 | 41,716 | 52,195 | 37,525 | |||||||||
Operating loss | -2,261 | -2,099 | [1] | -2,955 | -4,299 | -13,633 | [2] | -4,019 | [1],[2] | -3,447 | [2] | -3,154 | [2] | -7,254 | -9,353 | -11,614 | -24,253 | [2] | -11,589 | |||
Income (loss) before income taxes | ' | 997 | 146 | -1,177 | ' | ' | ' | ' | -1,031 | -34 | 796 | -13,933 | -3,806 | |||||||||
Income taxes expense (benefit) | ' | 654 | 155 | -506 | ' | ' | ' | ' | -351 | 303 | 1,442 | -3,044 | -885 | |||||||||
Net income (loss) | -309 | 343 | [1] | -9 | -671 | -8,505 | [2] | -922 | [1],[2] | -228 | [2] | -1,234 | [2] | -680 | -337 | -646 | -10,889 | [2] | -2,921 | |||
Net income (loss) applicable to common stock | ' | 337 | -16 | -677 | ' | ' | ' | ' | -693 | -356 | -671 | -10,914 | -2,946 | |||||||||
Basic income (loss) per share | ($0.05) | $0.06 | [1] | ' | ($0.12) | ($1.49) | [2] | ($0.16) | [1],[2] | ($0.04) | [2] | ($0.22) | [2] | ($0.12) | ($0.06) | ($0.11) | ($1.91) | [2] | ($0.54) | |||
Diluted income (loss) per share | ($0.05) | [3] | $0.06 | [1],[3] | ' | ($0.12) | [3] | ($1.49) | [2],[3] | ($0.16) | [1],[2],[3] | ($0.04) | [2],[3] | ($0.22) | [2],[3] | ($0.12) | ($0.06) | ($0.11) | [3] | ($1.91) | [2],[3] | ($0.54) |
As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Selling, general and administration expenses | ' | 5,218 | 6,329 | 7,352 | ' | ' | ' | ' | 13,681 | 18,899 | ' | ' | ' | |||||||||
Total operating expenses | ' | 9,732 | 10,505 | 12,143 | ' | ' | ' | ' | 22,648 | 32,380 | ' | ' | ' | |||||||||
Operating loss | ' | -2,202 | -3,058 | -4,403 | ' | ' | ' | ' | -7,461 | -9,663 | ' | ' | ' | |||||||||
Income (loss) before income taxes | ' | 894 | 43 | -1,281 | ' | ' | ' | ' | -1,238 | -344 | ' | ' | ' | |||||||||
Income taxes expense (benefit) | ' | 331 | 3 | -448 | ' | ' | ' | ' | -445 | -114 | ' | -4,481 | ' | |||||||||
Net income (loss) | ' | 563 | 40 | -833 | ' | ' | ' | ' | -793 | -230 | ' | -9,452 | ' | |||||||||
Net income (loss) applicable to common stock | ' | 557 | 33 | -839 | ' | ' | ' | ' | -806 | -249 | ' | -9,477 | ' | |||||||||
Basic income (loss) per share | ' | $0.09 | $0.01 | ($0.15) | ' | ' | ' | ' | ($0.14) | ($0.04) | ' | ($1.66) | ' | |||||||||
Diluted income (loss) per share | ' | $0.09 | $0.01 | ($0.15) | ' | ' | ' | ' | ($0.14) | ($0.04) | ' | ($1.66) | ' | |||||||||
Correction Of Errors [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Selling, general and administration expenses | ' | -103 | -103 | -104 | ' | ' | ' | ' | -207 | -310 | ' | ' | ' | |||||||||
Total operating expenses | ' | -103 | -103 | -104 | ' | ' | ' | ' | -207 | -310 | ' | ' | ' | |||||||||
Operating loss | ' | 103 | 103 | 104 | ' | ' | ' | ' | 207 | 310 | ' | ' | ' | |||||||||
Income (loss) before income taxes | ' | 103 | 103 | 104 | ' | ' | ' | ' | 207 | 310 | ' | ' | ' | |||||||||
Income taxes expense (benefit) | ' | 323 | 152 | -58 | ' | ' | ' | ' | 94 | 417 | ' | 1,437 | ' | |||||||||
Net income (loss) | ' | -220 | -49 | 162 | ' | ' | ' | ' | 113 | -107 | ' | -1,437 | ' | |||||||||
Net income (loss) applicable to common stock | ' | ($220) | ($49) | $162 | ' | ' | ' | ' | $113 | ($107) | ' | ($1,437) | ' | |||||||||
Basic income (loss) per share | ' | ($0.03) | ($0.01) | $0.03 | ' | ' | ' | ' | $0.02 | ($0.02) | ' | ($0.25) | ' | |||||||||
Diluted income (loss) per share | ' | ($0.03) | ($0.01) | $0.03 | ' | ' | ' | ' | $0.02 | ($0.02) | ' | ($0.25) | ' | |||||||||
[1] | Included in operating loss and net loss is $0.4 million loss on disposal and restructuring costs. | |||||||||||||||||||||
[2] | The Company recorded an additional $1.4 milion in tax expense, compared to what was previously reported in its Annual Report on Form 10-K/A for the year ended December 31, 2012 (see Note 1). | |||||||||||||||||||||
[3] | There is no difference between basic and diluted earnings (loss) per share due to stock options being out of the money. |
Quarterlt_Information_Schedule
Quarterlt Information (Schedule Of Quarterly Effect Of Statement Of Comprehensive Income (Loss) Restatement) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||
Net income (loss) | ($309) | $343 | [1] | ($9) | ($671) | ($8,505) | [2] | ($922) | [1],[2] | ($228) | [2] | ($1,234) | [2] | ($680) | ($337) | ($646) | ($10,889) | [2] | ($2,921) |
Other comprehensive income (loss) | ' | 144 | 145 | 144 | ' | ' | ' | ' | 290 | 434 | 2,563 | 980 | -2,195 | ||||||
Comprehensive income (loss) | ' | 487 | 136 | -527 | ' | ' | ' | ' | -390 | 97 | 1,917 | -9,909 | -5,116 | ||||||
As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Net income (loss) | ' | 563 | 40 | -833 | ' | ' | ' | ' | -793 | -230 | ' | -9,452 | ' | ||||||
Other comprehensive income (loss) | ' | 93 | 93 | 93 | ' | ' | ' | ' | 186 | 279 | ' | ' | ' | ||||||
Comprehensive income (loss) | ' | 656 | 133 | -740 | ' | ' | ' | ' | -607 | 49 | ' | -8,472 | ' | ||||||
Correction Of Errors [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Net income (loss) | ' | -220 | -49 | 162 | ' | ' | ' | ' | 113 | -107 | ' | -1,437 | ' | ||||||
Other comprehensive income (loss) | ' | 51 | 52 | 51 | ' | ' | ' | ' | 104 | 155 | ' | ' | ' | ||||||
Comprehensive income (loss) | ' | ($169) | $3 | $213 | ' | ' | ' | ' | $217 | $48 | ' | ($1,437) | ' | ||||||
[1] | Included in operating loss and net loss is $0.4 million loss on disposal and restructuring costs. | ||||||||||||||||||
[2] | The Company recorded an additional $1.4 milion in tax expense, compared to what was previously reported in its Annual Report on Form 10-K/A for the year ended December 31, 2012 (see Note 1). |
Quarterly_Information_Schedule2
Quarterly Information (Schedule Of Quarterly Effect Of Restatement) (Details) (USD $) | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | |||||||
Prepaid income taxes | ' | $942 | $1,590 | $1,470 | $924 | ' | ' |
Deferred income taxes | 108 | 117 | 117 | 117 | 117 | ' | ' |
Total current assets | 6,071 | 6,931 | 7,071 | 8,234 | 8,004 | ' | ' |
Total assets | 37,263 | 38,942 | 40,323 | 41,880 | 42,122 | ' | ' |
Deferred income taxes | 649 | 421 | 429 | 154 | 114 | ' | ' |
Pension and postretirement benefit obligations | 267 | 7,351 | 7,722 | 7,827 | 1,089 | ' | ' |
Total liabilities | 24,257 | 28,186 | 30,388 | 30,823 | 29,024 | ' | ' |
Accumulated other comprehensive loss | -1,436 | -3,565 | -3,710 | -3,855 | -3,999 | ' | ' |
Retained earnings | 8,205 | 8,521 | 8,178 | 9,850 | 12,191 | ' | ' |
Total shareholders' equity | 13,006 | 10,756 | 9,935 | 11,057 | 13,098 | 24,876 | 35,148 |
Total liabilities and shareholders' equity | 37,263 | 38,942 | 40,323 | 41,880 | 42,122 | ' | ' |
As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' |
Prepaid income taxes | ' | 1,272 | 1,667 | 1,670 | 1,222 | ' | ' |
Deferred income taxes | ' | 268 | 268 | 268 | 268 | ' | ' |
Total current assets | ' | 7,412 | 7,299 | 8,585 | 8,453 | ' | ' |
Deferred income taxes | ' | 797 | 771 | 823 | 874 | ' | ' |
Total assets | ' | 40,220 | 41,322 | 43,054 | 43,445 | ' | ' |
Pension and postretirement benefit obligations | ' | 7,661 | 7,929 | 7,931 | ' | ' | ' |
Total liabilities | ' | 28,075 | 30,166 | 30,773 | 28,910 | ' | ' |
Accumulated other comprehensive loss | ' | -3,720 | -3,813 | -3,906 | ' | ' | ' |
Retained earnings | ' | 10,065 | 9,502 | 11,125 | 13,628 | ' | ' |
Total shareholders' equity | ' | 12,145 | 11,156 | 12,281 | 14,535 | 24,876 | ' |
Total liabilities and shareholders' equity | ' | 40,220 | 41,322 | 43,054 | 43,445 | ' | ' |
Correction Of Errors [Member] | ' | ' | ' | ' | ' | ' | ' |
Prepaid income taxes | ' | -330 | -77 | -200 | -298 | ' | ' |
Deferred income taxes | ' | -151 | -151 | -151 | -151 | ' | ' |
Total current assets | ' | -481 | -228 | -351 | -449 | ' | ' |
Deferred income taxes | ' | -797 | -771 | -823 | -874 | ' | ' |
Total assets | ' | -1,278 | -999 | -1,174 | -1,323 | ' | ' |
Deferred income taxes | ' | 421 | 429 | 154 | 114 | ' | ' |
Pension and postretirement benefit obligations | ' | -310 | -207 | -104 | ' | ' | ' |
Total liabilities | ' | 111 | 222 | 50 | 114 | ' | ' |
Accumulated other comprehensive loss | ' | 155 | 103 | 51 | ' | ' | ' |
Retained earnings | ' | -1,544 | -1,324 | -1,275 | -1,437 | ' | ' |
Total shareholders' equity | ' | -1,389 | -1,221 | -1,224 | -1,437 | ' | ' |
Total liabilities and shareholders' equity | ' | ($1,278) | ($999) | ($1,174) | ($1,323) | ' | ' |
Quarterly_Information_Schedule3
Quarterly Information (Schedule Of Quarterly Effect Of Statement Of Cash Flows Restatement) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Mar. 31, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Net loss | ($671) | ($680) | ($337) | ($646) | ($10,889) | [1] | ($2,921) |
Deferred income taxes | 40 | 315 | 307 | 544 | -2,810 | 214 | |
Other assets | -597 | -731 | -257 | -328 | -216 | -103 | |
Other accruals and liabilities | 1,331 | 270 | -62 | 169 | 361 | 852 | |
Net cash provided by (used in) operating activities | 560 | -181 | 657 | 2,224 | -2,583 | 1,880 | |
As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | |
Net loss | -833 | -793 | -230 | ' | -9,452 | ' | |
Deferred income taxes | ' | ' | -78 | ' | -3,949 | ' | |
Other assets | -499 | -510 | -289 | ' | ' | ' | |
Other accruals and liabilities | 1,435 | 477 | 248 | ' | ' | ' | |
Net cash provided by (used in) operating activities | 560 | -181 | 657 | ' | -2,583 | ' | |
Correction Of Errors [Member] | ' | ' | ' | ' | ' | ' | |
Net loss | 162 | 113 | -107 | ' | -1,437 | ' | |
Deferred income taxes | 40 | 315 | 385 | ' | 1,139 | ' | |
Other assets | -98 | -221 | 32 | ' | ' | ' | |
Other accruals and liabilities | ($104) | ($207) | ($310) | ' | ' | ' | |
[1] | The Company recorded an additional $1.4 milion in tax expense, compared to what was previously reported in its Annual Report on Form 10-K/A for the year ended December 31, 2012 (see Note 1). |
Commitments_And_Contingencies_1
Commitments And Contingencies (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Long-term Purchase Commitment [Line Items] | ' | ' | ' |
Operating leases expense | $0.30 | $0.40 | $0.30 |
Percentage of employees respresented by International Brotherhood of Electrical Workers | 23.00% | ' | ' |
Access Lines And Seat Licenses [Member] | ' | ' | ' |
Long-term Purchase Commitment [Line Items] | ' | ' | ' |
Future aggregate commitment | 5.4 | ' | ' |
Capital Finance Agreements [Member] | ' | ' | ' |
Long-term Purchase Commitment [Line Items] | ' | ' | ' |
Future aggregate commitment | $0.40 | ' | ' |
Interest rate range, minimum | 4.68% | ' | ' |
Interest rate range, maximum | 8.96% | ' | ' |
Maturity period | '3 years | ' | ' |
Commitments_And_Contingencies_2
Commitments And Contingencies (Schedule Of Future Lease Commitments) (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Commitments And Contingencies [Abstract] | ' |
2014 | $348 |
2015 | 357 |
2016 | 355 |
2017 | 280 |
2018 and thereafter | 1,409 |
Total | $2,749 |