Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Oct. 20, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'ALSK | ' |
Entity Registrant Name | 'ALASKA COMMUNICATIONS SYSTEMS GROUP INC | ' |
Entity Central Index Key | '0001089511 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 49,539,785 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $28,851 | $43,039 |
Restricted cash | 467 | 467 |
Accounts receivable-trade, net of allowance of $7,450 and $6,193 | 38,116 | 34,066 |
Materials and supplies | 9,591 | 10,131 |
Prepayments and other current assets | 8,003 | 7,300 |
Deferred income taxes | 6,694 | 7,144 |
Total current assets | 91,722 | 102,147 |
Property, plant and equipment | 1,357,660 | 1,344,949 |
Less: accumulated depreciation and amortization | -994,358 | -992,936 |
Property, plant and equipment, net | 363,302 | 352,013 |
Goodwill | 5,986 | 4,650 |
Debt issuance costs | 5,017 | 6,929 |
Deferred income taxes | 11,606 | 14,107 |
Equity method investments | 257,853 | 266,972 |
Other assets | 349 | 502 |
Total assets | 735,835 | 747,320 |
Current liabilities: | ' | ' |
Current portion of long-term obligations | 11,846 | 14,256 |
Accounts payable, accrued and other current liabilities, non-affiliates | 53,457 | 55,475 |
Accounts payable, accrued and other current liabilities, affiliates, net | 22,905 | 14,309 |
Advance billings and customer deposits | 8,501 | 9,104 |
Total current liabilities | 96,709 | 93,144 |
Long-term obligations, net of current portion | 422,796 | 442,001 |
Other long-term liabilities | 17,736 | 16,947 |
Deferred AWN capacity revenue, net of current portion | 57,548 | 59,965 |
Total liabilities | 594,789 | 612,057 |
Commitments and contingencies | ' | ' |
Stockholders' equity (deficit): | ' | ' |
Common stock, $.01 par value; 145,000 authorized; 49,536 issued and outstanding at September 30, 2014; 48,680 issued and outstanding at December 31, 2013 | 495 | 487 |
Additional paid in capital | 153,608 | 152,193 |
Accumulated deficit | -9,230 | -11,808 |
Accumulated other comprehensive loss | -3,827 | -5,609 |
Total stockholders' equity | 141,046 | 135,263 |
Total liabilities and stockholders' equity | $735,835 | $747,320 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, except Per Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Allowance for doubtful accounts | $7,450 | $6,193 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 145,000 | 145,000 |
Common stock, shares issued | 49,536 | 48,680 |
Common stock, shares outstanding | 49,536 | 48,680 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Operating revenues: | ' | ' | ' | ' |
Operating revenues, non-affiliates | $76,683 | $82,427 | $232,031 | $271,122 |
Operating revenues, affiliates | 1,782 | 1,414 | 5,323 | 1,535 |
Total operating revenues | 78,465 | 83,841 | 237,354 | 272,657 |
Operating expenses: | ' | ' | ' | ' |
Cost of services and sales, non-affiliates | 31,416 | 33,078 | 91,274 | 105,412 |
Cost of services and sales, affiliates | 13,534 | 11,642 | 43,295 | 11,959 |
Selling, general and administrative | 25,017 | 29,274 | 74,926 | 83,717 |
Depreciation and amortization | 8,585 | 9,209 | 25,850 | 33,291 |
(Gain) loss on disposal of assets, net | -199 | -210,558 | 612 | -209,932 |
Earnings from equity method investments | -11,556 | -8,082 | -29,247 | -8,061 |
Total operating expenses | 66,797 | -135,437 | 206,710 | 16,386 |
Operating income | 11,668 | 219,278 | 30,644 | 256,271 |
Other income and expense: | ' | ' | ' | ' |
Interest expense | -8,615 | -9,785 | -26,144 | -29,970 |
Loss on extinguishment of debt | ' | -2,094 | ' | -2,370 |
Interest income | 28 | 19 | 42 | 37 |
Other | ' | ' | ' | -13 |
Total other income and expense | -8,587 | -11,860 | -26,102 | -32,316 |
Income before income tax expense | 3,081 | 207,418 | 4,542 | 223,955 |
Income tax expense | -1,203 | -85,421 | -1,964 | -60,796 |
Net income | 1,878 | 121,997 | 2,578 | 163,159 |
Other comprehensive income: | ' | ' | ' | ' |
Minimum pension liability adjustment | 21 | 20 | 64 | 61 |
Income tax effect | -8 | -7 | -26 | -25 |
Amortization of defined benefit plan loss | 113 | 185 | 338 | 551 |
Income tax effect | -46 | -77 | -139 | -227 |
Interest rate swap marked to fair value | 471 | 266 | 1,347 | 1,342 |
Income tax effect | -194 | -109 | -554 | -552 |
Reclassification of loss on ineffective hedge | 362 | 1,082 | 1,276 | 1,948 |
Income tax effect | -149 | -445 | -524 | -801 |
Total other comprehensive income | 570 | 915 | 1,782 | 2,297 |
Total comprehensive income | $2,448 | $122,912 | $4,360 | $165,456 |
Net income per share: | ' | ' | ' | ' |
Basic | $0.04 | $2.59 | $0.05 | $3.50 |
Diluted | $0.04 | $2.08 | $0.05 | $2.85 |
Weighted average shares outstanding: | ' | ' | ' | ' |
Basic | 49,498 | 47,159 | 49,265 | 46,592 |
Diluted | 50,155 | 59,359 | 49,730 | 58,816 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statement of Stockholders' Equity (Deficit) (USD $) | Total | Common Stock [Member] | Additional Paid in Capital [Member] | Accumulated Deficit [Member] | Accumulated Other Comprehensive Loss [Member] |
In Thousands | |||||
Beginning Balance at Dec. 31, 2013 | $135,263 | $487 | $152,193 | ($11,808) | ($5,609) |
Beginning Balance, Shares at Dec. 31, 2013 | ' | 48,680 | ' | ' | ' |
Total comprehensive income | 4,360 | ' | ' | 2,578 | 1,782 |
Stock compensation | 1,877 | ' | 1,877 | ' | ' |
Surrender of shares to cover withholding taxes on stock-based compensation | -586 | ' | -586 | ' | ' |
Issuance of common stock, pursuant to stock plans, $.01 par | 132 | 8 | 124 | ' | ' |
Issuance of common stock, pursuant to stock plans, $.01 par, Shares | ' | 856 | ' | ' | ' |
Ending Balance at Sep. 30, 2014 | $141,046 | $495 | $153,608 | ($9,230) | ($3,827) |
Ending Balance, Shares at Sep. 30, 2014 | ' | 49,536 | ' | ' | ' |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statement of Stockholders' Equity (Deficit) (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Statement of Stockholders' Equity [Abstract] | ' | ' |
Common stock, par value | $0.01 | $0.01 |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Cash Flows from Operating Activities: | ' | ' |
Net income | $2,578 | $163,159 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 25,850 | 33,291 |
Gain on sale/contribution of asset to AWN | ' | -210,873 |
Loss on disposal of assets | 612 | 941 |
Unrealized gain on ineffective hedge | ' | -785 |
Amortization of debt issuance costs and debt discount | 3,926 | 5,754 |
Amortization of ineffective hedge | 1,276 | 1,948 |
Amortization of deferred AWN capacity revenue | -2,337 | -738 |
Stock-based compensation | 1,877 | 2,268 |
Deferred income tax expense (benefit) | 1,708 | 60,198 |
Provision for uncollectible accounts | 2,942 | 805 |
(Earnings) loss from equity method investments | -29,247 | -8,061 |
Cash distribution from equity method investments | 29,247 | 5,389 |
Other non-cash (income) expense, net | -384 | 216 |
Materials and supplies | 105 | -2,703 |
Changes in operating assets and liabilities | 1,837 | 8,799 |
Net cash provided by operating activities | 39,990 | 59,608 |
Cash Flows from Investing Activities: | ' | ' |
Capital expenditures | -33,916 | -27,314 |
Capitalized interest | -2,082 | -1,291 |
Change in unsettled capital expenditures | -1,300 | -3,276 |
TekMate acquisition, net of cash received | -826 | ' |
Proceeds on sale of assets | 136 | 4,747 |
Proceeds on sale/contribution of asset to AWN | ' | 100,000 |
Return of capital from equity investment | 8,286 | ' |
Net change in short-term investments | ' | 2,037 |
Change in unsettled acquisition costs | ' | -3,345 |
Net change in restricted cash | ' | 3,393 |
Net cash (used) provided by investing activities | -29,702 | 74,951 |
Cash Flows from Financing Activities: | ' | ' |
Repayments of long-term debt | -24,022 | -97,382 |
Debt issuance costs | ' | -206 |
Payment of withholding taxes on stock-based compensation | -586 | -632 |
Proceeds from the issuance of common stock | 132 | 117 |
Net cash used by financing activities | -24,476 | -98,103 |
Change in cash and cash equivalents | -14,188 | 36,456 |
Cash and cash equivalents, beginning of period | 43,039 | 16,839 |
Cash and cash equivalents, end of period | 28,851 | 53,295 |
Supplemental Cash Flow Data: | ' | ' |
Interest paid | 22,036 | 25,201 |
Cash paid on extinguishment of hedging instruments | ' | 4,073 |
Income tax paid | 220 | ' |
Supplemental Non-cash Transactions: | ' | ' |
Property acquired under capital leases | 390 | -17 |
Additions to ARO asset | 306 | 180 |
Exchange of debt with common stock | ' | 6,000 |
TekMate acquisition purchase price, net of cash received | $1,850 | ' |
Description_of_Company_and_Sum
Description of Company and Summary of Significant Accounting Policies | 9 Months Ended | ||
Sep. 30, 2014 | |||
Accounting Policies [Abstract] | ' | ||
Description of Company and Summary of Significant Accounting Policies | ' | ||
1 | DESCRIPTION OF COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||
Alaska Communications Systems Group, Inc. (“we”, “our”, “us”, the “Company” and “ACS”), a Delaware corporation, through its operating subsidiaries, provides integrated telecommunication and information technology (“IT”) services to business, wholesale and consumer customers in the State of Alaska and beyond using its broadband telecommunications network. | |||
The accompanying unaudited condensed consolidated financial statements represent the consolidated financial position, comprehensive income and cash flows of Alaska Communications Systems Group, Inc. and the following wholly owned subsidiaries: | |||
• Alaska Communications Systems Holdings, Inc. (“ACS Holdings”) | • Crest Communications Corporation (“Crest”) | ||
• WCI Cable, Inc. | |||
• ACS of Alaska, LLC (“ACSAK”) | • WCIC Hillsboro, LLC | ||
• ACS of the Northland, LLC (“ACSN”) | • Alaska Northstar Communications, LLC | ||
• ACS of Fairbanks, LLC (“ACSF”) | • WCI Lightpoint, LLC | ||
• ACS of Anchorage, LLC (“ACSA”) | • Worldnet Communications, Inc. | ||
• ACS Wireless, Inc. (“ACSW”) | • Alaska Fiber Star, LLC | ||
• ACS Long Distance, LLC (“ACSLD”) | • TekMate, LLC | ||
• ACS Internet, LLC (“ACSI”) | |||
• ACS Messaging, Inc. (“ACSM”) | |||
• ACS Cable Systems, LLC (“ACSC”) | |||
In addition to these wholly owned subsidiaries, the Company has a one-third interest in The Alaska Wireless Network, LLC (“AWN”) which is represented in the Company’s condensed consolidated financial statements as an equity method investment. On August 31, 2010, the Company acquired a 49% interest in TekMate, LLC (“TekMate”), a leading managed information technology services firm in Alaska. On January 31, 2014, the Company purchased the remaining 51% interest in TekMate. Prior to that date TekMate was represented in the Company’s condensed consolidated financial statements as an equity method investment. Subsequent to that date, TekMate has been recorded as a wholly owned subsidiary. | |||
Basis of Presentation | |||
The accompanying unaudited condensed consolidated financial statements and footnotes included in this Quarterly Report on Form 10-Q should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. Certain information and footnote disclosures normally included in financial statements prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) in the United States of America have been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission (“SEC”). The Company believes the disclosures made are adequate to make the information presented not misleading. | |||
In the opinion of management, the unaudited condensed consolidated financial statements contain all normal, recurring adjustments necessary to present fairly the consolidated financial position, comprehensive income and cash flows for all periods presented. The comprehensive income for the three and nine months ended September 30, 2014, are not necessarily indicative of comprehensive income which might be expected for the entire year or any other interim periods. The balance sheet at December 31, 2013 has been derived from the audited financial statements as of that date but does not include all of the information and notes required by GAAP for complete financial statements. Certain reclassifications have been made to the prior years’ financial statements to conform to the current year presentation. These reclassifications had no effect on previously reported results of operations, balance sheet amounts, or cash flows. | |||
Use of Estimates | |||
The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Company’s consolidated financial statements and the accompanying notes, including estimates of probable losses and expenses. Actual results could differ materially from those estimates. | |||
Wireless Handset Financing | |||
In the second quarter of 2014, the Company began providing the option for customers to finance the purchase of their wireless handsets under the “Buy it. Bring it. Finance it.™” program. This program allows customers to finance wireless handsets over a 24 month period. The Company records revenue equal to the present value of the payments at the time of sale and imputes interest each month of the financing term. The discount rate used to impute interest approximates the Company’s weighted average cost of debt. If a customer disconnects service they are billed the full remaining balance owed on the contract term. | |||
Recently Issued Accounting Pronouncements | |||
On May 28, 2014, the Financial Accounting Standards Board (“FASB”) issued its new revenue recognition guidance in Accounting Standards Update (“ASU”) 2014-09 “Revenue from Contracts with Customers (Topic 606)” which is effective for annual reporting periods beginning after December 15, 2016. This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance, and creates a Topic 606, Revenue from Contracts with Customers. The core principle of the new guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its on-going financial reporting. |
Acquisition_of_TekMate
Acquisition of TekMate | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
Business Combinations [Abstract] | ' | ||||
Acquisition of TekMate | ' | ||||
2 | ACQUISITION OF TEKMATE | ||||
On August 31, 2010, the Company acquired a 49% interest in TekMate for $2,060, and reported this 49% interest as an equity method investment on the Company’s Consolidated Balance Sheet. | |||||
On January 31, 2014, the Company purchased the remaining 51% interest in TekMate for the following consideration: | |||||
• | $800, payable in cash or the Company’s common stock at the Company’s option subject to certain adjustments, on or about May 15, 2014. On July 15, 2014, the Company paid $894 in cash to settle this liability. | ||||
• | Zero to $700, payable in cash on or about March 31, 2015, subject to the attainment of certain revenue projections in 2014 and certain other terms regarding the founders of TekMate remaining employed with ACS for a specified period of time. The carrying value of this liability at September 30, 2014 was $595 and is included in the caption “Accounts payable, accrued and other current liabilities, non-affiliates.” | ||||
The Company accounted for the purchase of the remaining 51% interest in TekMate at fair value using the acquisition method. On January 31, 2014, the Company ceased to report TekMate as an equity method investment and consolidated its operations into Alaska Communications Systems Group, Inc. The fair value of the assets acquired and liabilities assumed are reported in the Company’s Condensed Consolidated Balance Sheet and the equity method investment of $831 at January 31, 2014 was eliminated. | |||||
The following table represents the fair value of the assets acquired and liabilities assumed on January 31, 2014: | |||||
Current assets | $ | 1,020 | |||
Non-current assets | $ | 370 | |||
Current liabilities | $ | 467 | |||
Non-current liabilities | $ | 247 | |||
Net assets acquired and liabilities assumed | $ | 676 | |||
Goodwill on the acquisition is as follows: | |||||
Consideration provided (including fair value of contingent consideration) | $ | 1,181 | |||
Fair value of equity method investment | 831 | ||||
Total consideration | 2,012 | ||||
Fair value of assets acquired | 1,390 | ||||
Fair value of liabilities assumed | (714 | ) | |||
Total net assets | 676 | ||||
Goodwill | $ | 1,336 | |||
In the period January 1, 2014 to January 31, 2014 TekMate’s earnings were $12 and they made $33 in cash distributions to the Company. At January 31, 2014, undistributed earnings of TekMate were $0. Pro forma financial information has been omitted from this filing as the impact of the acquisition would not be material to our historical results. |
Equity_Method_Investments
Equity Method Investments | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | ' | ||||||||||||||||||||||||
Equity Method Investments | ' | ||||||||||||||||||||||||
3 | EQUITY METHOD INVESTMENTS | ||||||||||||||||||||||||
The Company’s equity method investment at September 30, 2014 consists of a one-third interest in AWN. See Note 2 Acquisition of TekMate for information regarding the purchase of the remaining membership interests of TekMate, LLC. | |||||||||||||||||||||||||
The following table provides the Company’s ownership interest and investment in at the dates indicated: | |||||||||||||||||||||||||
September 30, | December 31, | September 30, | December 31, | ||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
Ownership | Ownership | ||||||||||||||||||||||||
Interest | Interest | ||||||||||||||||||||||||
TekMate, LLC | 100 | % | 49 | % | $ | — | $ | 853 | |||||||||||||||||
Alaska Wireless Network, LLC | 33.33 | % | 33.33 | % | $ | 257,853 | $ | 266,119 | |||||||||||||||||
Summarized financial information on AWN is as follows: | |||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
Current assets | $ | 130,162 | $ | 119,681 | |||||||||||||||||||||
Non-current assets | $ | 545,846 | $ | 549,913 | |||||||||||||||||||||
Current liabilities | $ | 84,928 | $ | 72,242 | |||||||||||||||||||||
Non-current liabilities | $ | 18,162 | $ | 20,570 | |||||||||||||||||||||
Equity | $ | 572,918 | $ | 576,782 | |||||||||||||||||||||
Three Months | Nine Months | ||||||||||||||||||||||||
Ended | Ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2014 | 2014 | ||||||||||||||||||||||||
Operating revenues | $ | 70,424 | $ | 198,126 | |||||||||||||||||||||
Gross profit | $ | 52,375 | $ | 142,078 | |||||||||||||||||||||
Operating income | $ | 35,941 | $ | 92,153 | |||||||||||||||||||||
Net income | $ | 35,847 | $ | 91,879 | |||||||||||||||||||||
Adjusted Free Cash Flow (1) | $ | 26,134 | $ | 93,583 | |||||||||||||||||||||
(1) | Adjusted Free Cash Flow as defined in the Operating Agreement. | ||||||||||||||||||||||||
The following table provides a reconciliation of AWN’s reported total equity and ACS’ equity method investment as of September 30, 2014: | |||||||||||||||||||||||||
Amount | |||||||||||||||||||||||||
AWN total equity as reported | $ | 572,918 | |||||||||||||||||||||||
Less amount attributed to GCI | 307,309 | ||||||||||||||||||||||||
Amount attributed to ACS | 265,609 | ||||||||||||||||||||||||
Adjusted by: | |||||||||||||||||||||||||
Difference in income allocation method | (12,411 | ) | |||||||||||||||||||||||
Difference in timing of recognition of distribution | 4,167 | ||||||||||||||||||||||||
Other | 488 | ||||||||||||||||||||||||
ACS investment in AWN | $ | 257,853 | |||||||||||||||||||||||
As previously reported in our 2013 Form 10-K Note 3 “Equity Method Investments,” the ACS Investment in AWN and related accounts were based on a preliminary valuation. A national valuation firm was engaged by ACS and GCI to assist in the determination of the fair value of AWN including the preferred distribution and the allocation of the purchase price to the assets and liabilities. This valuation was finalized in the second quarter of 2014 and the effects of the final valuation were applied retrospectively. Accordingly, the previously reported September 30, 2013 amounts were revised to reflect the amounts that would have been reported if the final valuation had been completed at the July 23, 2013 acquisition date. | |||||||||||||||||||||||||
Condensed Consolidated Statements of Comprehensive Income Revisions | |||||||||||||||||||||||||
The following is a summary of the revisions to our previously issued consolidated statements of comprehensive income for the three and nine months ended September 30, 2013: | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, 2013 | September 30, 2013 | ||||||||||||||||||||||||
As Reported | Revisions | As Revised | As Reported | Revisions | As Revised | ||||||||||||||||||||
Gain on disposal of assets, net | $ | (207,003 | ) | $ | (3,555 | ) | $ | (210,558 | ) | $ | (206,377 | ) | $ | (3,555 | ) | $ | (209,932 | ) | |||||||
Earnings from equity method investments | (8,082 | ) | — | (8,082 | ) | (8,061 | ) | — | (8,061 | ) | |||||||||||||||
Total operating expenses | (131,882 | ) | (3,555 | ) | (135,437 | ) | 19,941 | (3,555 | ) | 16,386 | |||||||||||||||
Operating income | 215,723 | 3,555 | 219,278 | 252,716 | 3,555 | 256,271 | |||||||||||||||||||
Income before income tax expense | 203,863 | 3,555 | 207,418 | 220,400 | 3,555 | 223,955 | |||||||||||||||||||
Income tax expense | (83,956 | ) | (1,465 | ) | (85,421 | ) | (59,331 | ) | (1,465 | ) | (60,796 | ) | |||||||||||||
Net income | 119,907 | 2,090 | 121,997 | 161,069 | 2,090 | 163,159 | |||||||||||||||||||
Total comprehensive income | 120,822 | 2,090 | 122,912 | 163,366 | 2,090 | 165,456 | |||||||||||||||||||
Net income per share: | |||||||||||||||||||||||||
Basic | $ | 2.54 | $ | 0.04 | $ | 2.59 | $ | 3.46 | $ | 0.04 | $ | 3.5 | |||||||||||||
Diluted | $ | 2.05 | $ | 0.04 | $ | 2.08 | $ | 2.81 | $ | 0.04 | $ | 2.85 | |||||||||||||
Condensed Consolidated Statements of Cash Flows Revisions | |||||||||||||||||||||||||
The following is a summary of the revisions to our previously issued consolidated statements of cash flows for the nine months ended September 30, 2013. | |||||||||||||||||||||||||
Nine Months Ended | |||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
As Reported | Revisions | As Revised | |||||||||||||||||||||||
Cash Flows from Operating Activities: | |||||||||||||||||||||||||
Net income | $ | 161,069 | $ | 2,090 | $ | 163,159 | |||||||||||||||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||||||||||||||
Gain on sale/contribution of asset to AWN | (207,318 | ) | (3,555 | ) | (210,873 | ) | |||||||||||||||||||
Deferred income tax expense | 58,733 | 1,465 | 60,198 | ||||||||||||||||||||||
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||||||||||||||||||
4 | FAIR VALUE MEASUREMENTS | ||||||||||||||||||||||||||||||||
The fair values of cash equivalents, restricted cash, other short-term monetary assets and liabilities and capital leases approximate carrying values due to their nature. The fair value of the Company’s 2010 Senior Secured Credit Facility (“Senior Credit Facility”), convertible notes and other long-term obligations of $412,039 at September 30, 2014, were estimated based primarily on quoted market prices (Level 1). The carrying values of these liabilities totaled $434,642 at September 30, 2014. | |||||||||||||||||||||||||||||||||
The Company has developed valuation techniques based upon observable and unobservable input to calculate the fair value of non-current monetary assets and liabilities. Observable input reflects market data obtained from independent sources while unobservable input reflects internal market assumptions. These two types of inputs create the following fair value hierarchy: | |||||||||||||||||||||||||||||||||
• | Level 1- Quoted prices for identical instruments in active markets; | ||||||||||||||||||||||||||||||||
• | Level 2- Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations whose inputs are observable or whose significant value drivers are observable; and | ||||||||||||||||||||||||||||||||
• | Level 3- Significant inputs to the valuation model are unobservable. | ||||||||||||||||||||||||||||||||
Financial assets and liabilities are classified within the fair value hierarchy in their entirety based on the lowest level of input that is significant to the fair value measurements. The Company’s assessment of the significance of a particular input to the fair value measurements requires judgment and may affect the valuation of the assets and liabilities being measured, as well as their level within the fair value hierarchy. | |||||||||||||||||||||||||||||||||
The following table presents the balances of liabilities measured at fair value on a recurring basis as of September 30, 2014 and December 31, 2013, at each hierarchical level: | |||||||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||||||
Other long-term liabilities: | |||||||||||||||||||||||||||||||||
Interest rate swaps | $ | (1,887 | ) | $ | — | $ | (1,887 | ) | $ | — | $ | (3,234 | ) | $ | — | $ | (3,234 | ) | $ | — | |||||||||||||
Derivative Financial Instruments | |||||||||||||||||||||||||||||||||
The Company uses floating-to-fixed interest rate swaps to manage variable interest rate risk. The notional amounts of these swaps are $115,500 and $77,000 with interest rates of 7.220% and 7.225%, respectively, inclusive of a 4.75% LIBOR spread. The swaps began on June 30, 2012 and expire on September 30, 2015. | |||||||||||||||||||||||||||||||||
The outstanding amount of the swaps as of a period end are reported on the balance sheet at fair value, represented by the estimated amount the Company would receive or pay to terminate the swap. They are valued using models based on readily observable market parameters for all substantial terms of the contracts and are classified within Level 2 of the fair value hierarchy. | |||||||||||||||||||||||||||||||||
The following table presents information about the floating-to-fixed interest rate swaps in the notional amounts of $192,500 as of and for the nine month period ending September 30, 2014 and notional amounts of $385,000 as of and for the nine months ending September 30, 2013: | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Beginning Balance at January 1, | $ | 3,234 | $ | 9,819 | |||||||||||||||||||||||||||||
Reclassified from accumulated other comprehensive loss to other long-term liabilities | (1,347 | ) | (1,342 | ) | |||||||||||||||||||||||||||||
Change in fair value credited to interest expense | — | (785 | ) | ||||||||||||||||||||||||||||||
Cash paid on extinguishment of hedging instrument | — | (4,073 | ) | ||||||||||||||||||||||||||||||
Ending Balance at September 30, | $ | 1,887 | $ | 3,619 | |||||||||||||||||||||||||||||
Fair value of AWN | |||||||||||||||||||||||||||||||||
As previously reported in Note 3 “Equity Method Investments,” the valuation of our investment in AWN, including the allocation of the purchase price to the assets and liabilities was finalized in the second quarter of 2014. The final valuation resulted in a reduction in the fair value of Deferred AWN Capacity Revenue liability. The change was driven by a refinement in the composition of the underlying assets and the estimated usage by AWN. The valuation methodology remained unchanged. As a result, the fair value of the liability was adjusted to be $64,627 from $68,182. The Deferred AWN Capacity Revenue liability has a carrying value of $60,778 as of September 30, 2014. |
LongTerm_Obligations
Long-Term Obligations | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Long-Term Obligations | ' | ||||||||
5 | LONG-TERM OBLIGATIONS | ||||||||
Long-term obligations consist of the following at September 30, 2014 and December 31, 2013, respectively: | |||||||||
2014 | 2013 | ||||||||
2010 senior credit facility term loan due 2016 | $ | 322,700 | $ | 345,900 | |||||
Debt discount - 2010 senior credit facility term loan due 2016 | (1,155 | ) | (1,687 | ) | |||||
6.25% convertible notes due 2018 | 114,000 | 114,000 | |||||||
Debt discount - 6.25% convertible notes due 2018 | (7,731 | ) | (9,213 | ) | |||||
Capital leases and other long-term obligations | 6,828 | 7,257 | |||||||
434,642 | 456,257 | ||||||||
Less current portion | (11,846 | ) | (14,256 | ) | |||||
Long-term obligations, net of current portion | $ | 422,796 | $ | 442,001 | |||||
As of September 30, 2014, the aggregate maturities of long-term obligations for each of the five years and thereafter subsequent to September 30, 2014, were as follows: | |||||||||
2014 (October 1 - December 31) | $ | 286 | |||||||
2015 (January 1 - December 31) | 15,422 | ||||||||
2016 (January 1 - December 31) | 308,792 | ||||||||
2017 (January 1 - December 31) | 510 | ||||||||
2018 (January 1 - December 31) | 114,292 | ||||||||
2019 (January 1 - December 31) | 283 | ||||||||
Thereafter | 3,943 | ||||||||
$ | 443,528 | ||||||||
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Loss | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Equity [Abstract] | ' | ||||||||||||
Accumulated Other Comprehensive Loss | ' | ||||||||||||
6 | ACCUMULATED OTHER COMPREHENSIVE LOSS | ||||||||||||
The following table summarizes the activity in accumulated other comprehensive loss for the nine month period ended September 30, 2014: | |||||||||||||
Defined | Interest | Total | |||||||||||
Benefit | Rate Swaps | ||||||||||||
Pension | |||||||||||||
Plan | |||||||||||||
Balance, December 31, 2013 | $ | (2,238 | ) | $ | (3,371 | ) | $ | (5,609 | ) | ||||
Other comprehensive income before reclassifications | 38 | 793 | 831 | ||||||||||
Reclassifications from accumulated comprehensive loss to net income | 199 | 752 | 951 | ||||||||||
Net other comprehensive income | 237 | 1,545 | 1,782 | ||||||||||
Balance, September 30, 2014 | $ | (2,001 | ) | $ | (1,826 | ) | $ | (3,827 | ) | ||||
Amounts reclassified to net income from our defined benefit pension plan and interest rate swaps have been presented within “Cost of services and sales, non-affiliate” and “Interest expense,” respectively, in our “Condensed Consolidated Statements of Operations.” The estimated amount of accumulated other comprehensive loss to be reclassified to interest expense within the next twelve months is $1,214. |
Stock_Incentive_Plans
Stock Incentive Plans | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Stock Incentive Plans | ' | ||||||||||||||||
7 | STOCK INCENTIVE PLANS | ||||||||||||||||
Under the Company’s stock incentive plan, stock options, restricted stock, stock-settled stock appreciation rights (“SSARs”), performance share units and other awards may be granted to officers, employees, consultants, and non-employee directors. | |||||||||||||||||
The following table summarizes the stock option activity for the nine month period ended September 30, 2014: | |||||||||||||||||
Number | Weighted | Weighted | Aggregate | ||||||||||||||
of Shares | Average | Average | Intrinsic | ||||||||||||||
Exercise | Remaining | Value | |||||||||||||||
Price | Life | ||||||||||||||||
Outstanding at December 31, 2013 | 24 | $ | 5.36 | ||||||||||||||
Granted | — | — | |||||||||||||||
Exercised | — | — | |||||||||||||||
Canceled or expired | (24 | ) | — | ||||||||||||||
Outstanding at September 30, 2014 | — | $ | — | — | $ | — | |||||||||||
Exercisable at September 30, 2014 | — | $ | — | — | $ | — | |||||||||||
The following table summarizes the restricted stock unit, long-term incentive award and non-employee director stock compensation activity for the nine month period ended September 30, 2014: | |||||||||||||||||
Number | Weighted | ||||||||||||||||
of Shares | Average | ||||||||||||||||
Grant-Date | |||||||||||||||||
Fair | |||||||||||||||||
Value | |||||||||||||||||
Nonvested at December 31, 2013 | 946 | $ | 3.58 | ||||||||||||||
Granted | 992 | 1.87 | |||||||||||||||
Vested | (628 | ) | 3.46 | ||||||||||||||
Canceled or expired | (3 | ) | 7.42 | ||||||||||||||
Nonvested at September 30, 2014 | 1,307 | $ | 2.32 | ||||||||||||||
The following table summarizes the performance share unit activity for the nine month period ended September 30, 2014: | |||||||||||||||||
Number | Weighted | ||||||||||||||||
of Shares | Average | ||||||||||||||||
Grant-Date | |||||||||||||||||
Fair | |||||||||||||||||
Value | |||||||||||||||||
Nonvested at December 31, 2013 | 1,184 | $ | 2.94 | ||||||||||||||
Granted | 201 | 1.89 | |||||||||||||||
Vested | (498 | ) | 2.14 | ||||||||||||||
Canceled or expired | (97 | ) | 1.77 | ||||||||||||||
Nonvested at September 30, 2014 | 790 | $ | 3.32 | ||||||||||||||
The following table summarizes the assumptions used for valuation of equity instruments granted during the nine month periods ended September 30, 2014 and 2013: | |||||||||||||||||
2014 | 2013 | ||||||||||||||||
Restricted stock: | |||||||||||||||||
Risk free rate | 0.03% - 0.23% | 0.03% - 0.18% | |||||||||||||||
Expected annual forfeiture rate | 9% | 0% - 9% | |||||||||||||||
The following table provides selected information about the Company’s share-based compensation for the three and nine month periods ended September 30, 2014 and 2013: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Total compensation cost for share-based payments | $ | 684 | $ | 550 | $ | 1,877 | $ | 2,268 | |||||||||
Weighted average grant-date fair value of equity instruments granted (per share) | $ | 1.57 | $ | 2.57 | $ | 1.54 | $ | 1.76 | |||||||||
Total grant-date fair value of shares vested during the period | $ | 129 | $ | 111 | $ | 2,958 | $ | 4,823 | |||||||||
Unamortized share-based payments | $ | 1,810 | $ | 2,132 | $ | 1,810 | $ | 2,132 | |||||||||
Weighted average period (in years) to be recognized as expense | 1.5 | 1.9 | 1.5 | 1.9 | |||||||||||||
Earnings_Per_Share
Earnings Per Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share | ' | ||||||||||||||||
8 | EARNINGS PER SHARE | ||||||||||||||||
Earnings per share are based on the weighted average number of shares of common stock and dilutive potential common share equivalents outstanding. Basic earnings per share includes no dilution and is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of the Company. Potential common share equivalents include options, and restricted stock granted to employees and deferred shares granted to directors. The Company includes dilutive stock options based on the “treasury stock method.” | |||||||||||||||||
In connection with the Company’s acquisition of the remaining 51% interest in TekMate, $800 was payable at the Company’s option either in cash or issuance of common stock. The Company determined in the second quarter of 2014 to settle this liability in cash, which was then paid on July 15, 2014, and accordingly are not included in EPS as potential common stock equivalents for the three and nine month periods ended September 30, 2014. | |||||||||||||||||
In the three and nine month periods ended September 30, 2013, 24 and 275 options and SSARs, respectively, were out-of-the-money and therefore anti-dilutive and excluded from the calculation. Additionally, 11,088 shares related to the Company’s convertible notes were anti-dilutive for the three and nine month periods ended September 30, 2014. | |||||||||||||||||
The calculation of basic and diluted earnings per share for the three and nine month periods ended September 30, 2014 and 2013 are as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Net income applicable to common shares | $ | 1,878 | $ | 121,997 | $ | 2,578 | $ | 163,159 | |||||||||
Tax effected interest expense attributable to convertible notes | — | 1,485 | — | 4,409 | |||||||||||||
Net income assuming dilution | $ | 1,878 | $ | 123,482 | $ | 2,578 | $ | 167,568 | |||||||||
Weighted average common shares outstanding: | |||||||||||||||||
Basic shares | 49,498 | 47,159 | 49,265 | 46,592 | |||||||||||||
Effect of stock-based compensation | 657 | 687 | 465 | 605 | |||||||||||||
Effect of 6.25% convertible notes | — | 11,513 | — | 11,619 | |||||||||||||
Diluted shares | 50,155 | 59,359 | 49,730 | 58,816 | |||||||||||||
Earnings per share: | |||||||||||||||||
Basic | $ | 0.04 | $ | 2.59 | $ | 0.05 | $ | 3.5 | |||||||||
Diluted | $ | 0.04 | $ | 2.08 | $ | 0.05 | $ | 2.85 | |||||||||
Retirement_Plans
Retirement Plans | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Retirement Plans | ' | ||||||||||||||||
9 | RETIREMENT PLANS | ||||||||||||||||
Multi-employer Defined Benefit Plan | |||||||||||||||||
Pension benefits for substantially all of the Company’s Alaska-based employees are provided through the Alaska Electrical Pension Fund (“AEPF”). The Company pays a contractual hourly amount based on employee classification or base compensation to the AEPF. As a multi-employer defined benefit plan, the accumulated benefits and plan assets are not determined for, or allocated separately to, the individual employer. This plan was not in endangered or critical status during the plan year; however, it is not fully funded under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) as of September 30, 2014. | |||||||||||||||||
Defined Benefit Plan | |||||||||||||||||
The Company has a separate defined benefit plan that covers certain employees previously employed by Century Telephone Enterprise, Inc. (“CenturyTel Plan”). This plan was transferred to the Company in connection with the acquisition of CenturyTel, Inc.’s Alaska properties, whereby assets and liabilities of the CenturyTel Plan were transferred to the ACS Retirement Plan on September 1, 1999. This plan is not fully funded under ERISA as of December 31, 2013. | |||||||||||||||||
The following table presents the net periodic pension expense for the ACS Retirement Plan for the three and nine month periods ended September 30, 2014 and 2013: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Interest cost | $ | 166 | $ | 160 | $ | 498 | $ | 480 | |||||||||
Expected return on plan assets | (187 | ) | (180 | ) | (562 | ) | (541 | ) | |||||||||
Amortization of loss | 134 | 205 | 402 | 612 | |||||||||||||
Net periodic pension expense | $ | 113 | $ | 185 | $ | 338 | $ | 551 | |||||||||
Business_Segments
Business Segments | 9 Months Ended | |
Sep. 30, 2014 | ||
Segment Reporting [Abstract] | ' | |
Business Segments | ' | |
10 | BUSINESS SEGMENTS | |
The Company operates its business under a single reportable segment. The Company’s chief operating decision maker assesses the financial performance of the business as follows: (i) revenues are managed on the basis of specific customers and customer groups; (ii) costs are managed and assessed by function and generally support the organization across all customer groups or revenue streams; (iii) profitability is assessed at the consolidated level; and (iv) investment decisions and the assessment of existing assets are based on the support they provide to all revenue streams. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended | |
Sep. 30, 2014 | ||
Commitments and Contingencies Disclosure [Abstract] | ' | |
Commitments and Contingencies | ' | |
11 | COMMITMENTS AND CONTINGENCIES | |
The Company enters into purchase commitments with vendors in the ordinary course of business, including minimum purchase agreements with certain suppliers of handsets. The Company also has long-term purchase contracts with vendors to support the on-going needs of its business. These purchase commitments and contracts have varying terms and in certain cases may require the Company to buy goods and services in the future at predetermined volumes and at fixed prices. The Company also has numerous obligations associated with its ownership in AWN, including: (i) spending up to $4,562 in capital expenditures to allow AWN to access certain components of the capacity contributed by the Company to AWN and (ii) to purchase its wholesale wireless services exclusively from AWN. | ||
The Company is involved in various claims, legal actions and regulatory proceedings arising in the ordinary course of business and has recorded litigation reserves of $523 at September 30, 2014 against certain current claims and legal actions. We have also been involved in arbitration proceedings with AWN primarily around the proper setting of AWN’s wholesale rates, and have other on-going disputes with AWN. The Company believes that the disposition of these matters will not have a material adverse effect on the Company’s consolidated financial position, comprehensive income or cash flows beyond the amounts already recorded. It is the Company’s policy to expense costs associated with loss contingencies, including any related legal fees, as they are incurred. |
Description_of_Company_and_Sum1
Description of Company and Summary of Significant Accounting Policies (Policies) | 9 Months Ended | |||
Sep. 30, 2014 | ||||
Accounting Policies [Abstract] | ' | |||
Basis of Presentation | ' | |||
Basis of Presentation | ||||
The accompanying unaudited condensed consolidated financial statements and footnotes included in this Quarterly Report on Form 10-Q should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. Certain information and footnote disclosures normally included in financial statements prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) in the United States of America have been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission (“SEC”). The Company believes the disclosures made are adequate to make the information presented not misleading. | ||||
In the opinion of management, the unaudited condensed consolidated financial statements contain all normal, recurring adjustments necessary to present fairly the consolidated financial position, comprehensive income and cash flows for all periods presented. The comprehensive income for the three and nine months ended September 30, 2014, are not necessarily indicative of comprehensive income which might be expected for the entire year or any other interim periods. The balance sheet at December 31, 2013 has been derived from the audited financial statements as of that date but does not include all of the information and notes required by GAAP for complete financial statements. Certain reclassifications have been made to the prior years’ financial statements to conform to the current year presentation. These reclassifications had no effect on previously reported results of operations, balance sheet amounts, or cash flows. | ||||
Use of Estimates | ' | |||
Use of Estimates | ||||
The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Company’s consolidated financial statements and the accompanying notes, including estimates of probable losses and expenses. Actual results could differ materially from those estimates. | ||||
Wireless Handset Financing | ' | |||
Wireless Handset Financing | ||||
In the second quarter of 2014, the Company began providing the option for customers to finance the purchase of their wireless handsets under the “Buy it. Bring it. Finance it.™” program. This program allows customers to finance wireless handsets over a 24 month period. The Company records revenue equal to the present value of the payments at the time of sale and imputes interest each month of the financing term. The discount rate used to impute interest approximates the Company’s weighted average cost of debt. If a customer disconnects service they are billed the full remaining balance owed on the contract term. | ||||
Recently Issued Accounting Pronouncements | ' | |||
Recently Issued Accounting Pronouncements | ||||
On May 28, 2014, the Financial Accounting Standards Board (“FASB”) issued its new revenue recognition guidance in Accounting Standards Update (“ASU”) 2014-09 “Revenue from Contracts with Customers (Topic 606)” which is effective for annual reporting periods beginning after December 15, 2016. This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance, and creates a Topic 606, Revenue from Contracts with Customers. The core principle of the new guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its on-going financial reporting. | ||||
Fair Value Measurements | ' | |||
The Company has developed valuation techniques based upon observable and unobservable input to calculate the fair value of non-current monetary assets and liabilities. Observable input reflects market data obtained from independent sources while unobservable input reflects internal market assumptions. These two types of inputs create the following fair value hierarchy: | ||||
• | Level 1- Quoted prices for identical instruments in active markets; | |||
• | Level 2- Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations whose inputs are observable or whose significant value drivers are observable; and | |||
• | Level 3- Significant inputs to the valuation model are unobservable. |
Acquisition_of_TekMate_Tables
Acquisition of TekMate (Tables) | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
Business Combinations [Abstract] | ' | ||||
Fair Value of the Assets Acquired and Liabilities Assumed | ' | ||||
The following table represents the fair value of the assets acquired and liabilities assumed on January 31, 2014: | |||||
Current assets | $ | 1,020 | |||
Non-current assets | $ | 370 | |||
Current liabilities | $ | 467 | |||
Non-current liabilities | $ | 247 | |||
Net assets acquired and liabilities assumed | $ | 676 | |||
Goodwill on the Acquisition | ' | ||||
Goodwill on the acquisition is as follows: | |||||
Consideration provided (including fair value of contingent consideration) | $ | 1,181 | |||
Fair value of equity method investment | 831 | ||||
Total consideration | 2,012 | ||||
Fair value of assets acquired | 1,390 | ||||
Fair value of liabilities assumed | (714 | ) | |||
Total net assets | 676 | ||||
Goodwill | $ | 1,336 | |||
Equity_Method_Investments_Tabl
Equity Method Investments (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Company's Ownership Interest and Investment | ' | ||||||||||||||||||||||||
The following table provides the Company’s ownership interest and investment in at the dates indicated: | |||||||||||||||||||||||||
September 30, | December 31, | September 30, | December 31, | ||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
Ownership | Ownership | ||||||||||||||||||||||||
Interest | Interest | ||||||||||||||||||||||||
TekMate, LLC | 100 | % | 49 | % | $ | — | $ | 853 | |||||||||||||||||
Alaska Wireless Network, LLC | 33.33 | % | 33.33 | % | $ | 257,853 | $ | 266,119 | |||||||||||||||||
Summarized Financial Information | ' | ||||||||||||||||||||||||
Summarized financial information on AWN is as follows: | |||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
Current assets | $ | 130,162 | $ | 119,681 | |||||||||||||||||||||
Non-current assets | $ | 545,846 | $ | 549,913 | |||||||||||||||||||||
Current liabilities | $ | 84,928 | $ | 72,242 | |||||||||||||||||||||
Non-current liabilities | $ | 18,162 | $ | 20,570 | |||||||||||||||||||||
Equity | $ | 572,918 | $ | 576,782 | |||||||||||||||||||||
Three Months | Nine Months | ||||||||||||||||||||||||
Ended | Ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2014 | 2014 | ||||||||||||||||||||||||
Operating revenues | $ | 70,424 | $ | 198,126 | |||||||||||||||||||||
Gross profit | $ | 52,375 | $ | 142,078 | |||||||||||||||||||||
Operating income | $ | 35,941 | $ | 92,153 | |||||||||||||||||||||
Net income | $ | 35,847 | $ | 91,879 | |||||||||||||||||||||
Adjusted Free Cash Flow (1) | $ | 26,134 | $ | 93,583 | |||||||||||||||||||||
(1) | Adjusted Free Cash Flow as defined in the Operating Agreement. | ||||||||||||||||||||||||
Schedule of Reconciliation of Total Equity to Equity Method Investment | ' | ||||||||||||||||||||||||
The following table provides a reconciliation of AWN’s reported total equity and ACS’ equity method investment as of September 30, 2014: | |||||||||||||||||||||||||
Amount | |||||||||||||||||||||||||
AWN total equity as reported | $ | 572,918 | |||||||||||||||||||||||
Less amount attributed to GCI | 307,309 | ||||||||||||||||||||||||
Amount attributed to ACS | 265,609 | ||||||||||||||||||||||||
Adjusted by: | |||||||||||||||||||||||||
Difference in income allocation method | (12,411 | ) | |||||||||||||||||||||||
Difference in timing of recognition of distribution | 4,167 | ||||||||||||||||||||||||
Other | 488 | ||||||||||||||||||||||||
ACS investment in AWN | $ | 257,853 | |||||||||||||||||||||||
Summary of Revisions to Previously Issued Consolidated Statements of Comprehensive Income | ' | ||||||||||||||||||||||||
The following is a summary of the revisions to our previously issued consolidated statements of comprehensive income for the three and nine months ended September 30, 2013: | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, 2013 | September 30, 2013 | ||||||||||||||||||||||||
As Reported | Revisions | As Revised | As Reported | Revisions | As Revised | ||||||||||||||||||||
Gain on disposal of assets, net | $ | (207,003 | ) | $ | (3,555 | ) | $ | (210,558 | ) | $ | (206,377 | ) | $ | (3,555 | ) | $ | (209,932 | ) | |||||||
Earnings from equity method investments | (8,082 | ) | — | (8,082 | ) | (8,061 | ) | — | (8,061 | ) | |||||||||||||||
Total operating expenses | (131,882 | ) | (3,555 | ) | (135,437 | ) | 19,941 | (3,555 | ) | 16,386 | |||||||||||||||
Operating income | 215,723 | 3,555 | 219,278 | 252,716 | 3,555 | 256,271 | |||||||||||||||||||
Income before income tax expense | 203,863 | 3,555 | 207,418 | 220,400 | 3,555 | 223,955 | |||||||||||||||||||
Income tax expense | (83,956 | ) | (1,465 | ) | (85,421 | ) | (59,331 | ) | (1,465 | ) | (60,796 | ) | |||||||||||||
Net income | 119,907 | 2,090 | 121,997 | 161,069 | 2,090 | 163,159 | |||||||||||||||||||
Total comprehensive income | 120,822 | 2,090 | 122,912 | 163,366 | 2,090 | 165,456 | |||||||||||||||||||
Net income per share: | |||||||||||||||||||||||||
Basic | $ | 2.54 | $ | 0.04 | $ | 2.59 | $ | 3.46 | $ | 0.04 | $ | 3.5 | |||||||||||||
Diluted | $ | 2.05 | $ | 0.04 | $ | 2.08 | $ | 2.81 | $ | 0.04 | $ | 2.85 | |||||||||||||
Summary of Revisions to Previously Issued Consolidated Statements of Cash Flows | ' | ||||||||||||||||||||||||
The following is a summary of the revisions to our previously issued consolidated statements of cash flows for the nine months ended September 30, 2013. | |||||||||||||||||||||||||
Nine Months Ended | |||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
As Reported | Revisions | As Revised | |||||||||||||||||||||||
Cash Flows from Operating Activities: | |||||||||||||||||||||||||
Net income | $ | 161,069 | $ | 2,090 | $ | 163,159 | |||||||||||||||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||||||||||||||
Gain on sale/contribution of asset to AWN | (207,318 | ) | (3,555 | ) | (210,873 | ) | |||||||||||||||||||
Deferred income tax expense | 58,733 | 1,465 | 60,198 |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||||||||||||||
Balances of Liabilities Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||||||||||||||||||
The following table presents the balances of liabilities measured at fair value on a recurring basis as of September 30, 2014 and December 31, 2013, at each hierarchical level: | |||||||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||||||
Other long-term liabilities: | |||||||||||||||||||||||||||||||||
Interest rate swaps | $ | (1,887 | ) | $ | — | $ | (1,887 | ) | $ | — | $ | (3,234 | ) | $ | — | $ | (3,234 | ) | $ | — | |||||||||||||
Schedule of Floating-to-Fixed Interest Rate Swaps | ' | ||||||||||||||||||||||||||||||||
The following table presents information about the floating-to-fixed interest rate swaps in the notional amounts of $192,500 as of and for the nine month period ending September 30, 2014 and notional amounts of $385,000 as of and for the nine months ending September 30, 2013: | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Beginning Balance at January 1, | $ | 3,234 | $ | 9,819 | |||||||||||||||||||||||||||||
Reclassified from accumulated other comprehensive loss to other long-term liabilities | (1,347 | ) | (1,342 | ) | |||||||||||||||||||||||||||||
Change in fair value credited to interest expense | — | (785 | ) | ||||||||||||||||||||||||||||||
Cash paid on extinguishment of hedging instrument | — | (4,073 | ) | ||||||||||||||||||||||||||||||
Ending Balance at September 30, | $ | 1,887 | $ | 3,619 | |||||||||||||||||||||||||||||
LongTerm_Obligations_Tables
Long-Term Obligations (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Schedule of Long-Term Obligations | ' | ||||||||
Long-term obligations consist of the following at September 30, 2014 and December 31, 2013, respectively: | |||||||||
2014 | 2013 | ||||||||
2010 senior credit facility term loan due 2016 | $ | 322,700 | $ | 345,900 | |||||
Debt discount - 2010 senior credit facility term loan due 2016 | (1,155 | ) | (1,687 | ) | |||||
6.25% convertible notes due 2018 | 114,000 | 114,000 | |||||||
Debt discount - 6.25% convertible notes due 2018 | (7,731 | ) | (9,213 | ) | |||||
Capital leases and other long-term obligations | 6,828 | 7,257 | |||||||
434,642 | 456,257 | ||||||||
Less current portion | (11,846 | ) | (14,256 | ) | |||||
Long-term obligations, net of current portion | $ | 422,796 | $ | 442,001 | |||||
Schedule of Aggregate Maturities of Long-Term Obligations | ' | ||||||||
As of September 30, 2014, the aggregate maturities of long-term obligations for each of the five years and thereafter subsequent to September 30, 2014, were as follows: | |||||||||
2014 (October 1 - December 31) | $ | 286 | |||||||
2015 (January 1 - December 31) | 15,422 | ||||||||
2016 (January 1 - December 31) | 308,792 | ||||||||
2017 (January 1 - December 31) | 510 | ||||||||
2018 (January 1 - December 31) | 114,292 | ||||||||
2019 (January 1 - December 31) | 283 | ||||||||
Thereafter | 3,943 | ||||||||
$ | 443,528 | ||||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Equity [Abstract] | ' | ||||||||||||
Summary of Activity in Accumulated Other Comprehensive Loss | ' | ||||||||||||
The following table summarizes the activity in accumulated other comprehensive loss for the nine month period ended September 30, 2014: | |||||||||||||
Defined | Interest | Total | |||||||||||
Benefit | Rate Swaps | ||||||||||||
Pension | |||||||||||||
Plan | |||||||||||||
Balance, December 31, 2013 | $ | (2,238 | ) | $ | (3,371 | ) | $ | (5,609 | ) | ||||
Other comprehensive income before reclassifications | 38 | 793 | 831 | ||||||||||
Reclassifications from accumulated comprehensive loss to net income | 199 | 752 | 951 | ||||||||||
Net other comprehensive income | 237 | 1,545 | 1,782 | ||||||||||
Balance, September 30, 2014 | $ | (2,001 | ) | $ | (1,826 | ) | $ | (3,827 | ) | ||||
Stock_Incentive_Plans_Tables
Stock Incentive Plans (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Summary of Activity for Stock Options | ' | ||||||||||||||||
The following table summarizes the stock option activity for the nine month period ended September 30, 2014: | |||||||||||||||||
Number | Weighted | Weighted | Aggregate | ||||||||||||||
of Shares | Average | Average | Intrinsic | ||||||||||||||
Exercise | Remaining | Value | |||||||||||||||
Price | Life | ||||||||||||||||
Outstanding at December 31, 2013 | 24 | $ | 5.36 | ||||||||||||||
Granted | — | — | |||||||||||||||
Exercised | — | — | |||||||||||||||
Canceled or expired | (24 | ) | — | ||||||||||||||
Outstanding at September 30, 2014 | — | $ | — | — | $ | — | |||||||||||
Exercisable at September 30, 2014 | — | $ | — | — | $ | — | |||||||||||
Summary of Activity for Restricted Stock Units, Long-Term Incentive Awards and Non-Employee Director Stock Compensation | ' | ||||||||||||||||
The following table summarizes the restricted stock unit, long-term incentive award and non-employee director stock compensation activity for the nine month period ended September 30, 2014: | |||||||||||||||||
Number | Weighted | ||||||||||||||||
of Shares | Average | ||||||||||||||||
Grant-Date | |||||||||||||||||
Fair | |||||||||||||||||
Value | |||||||||||||||||
Nonvested at December 31, 2013 | 946 | $ | 3.58 | ||||||||||||||
Granted | 992 | 1.87 | |||||||||||||||
Vested | (628 | ) | 3.46 | ||||||||||||||
Canceled or expired | (3 | ) | 7.42 | ||||||||||||||
Nonvested at September 30, 2014 | 1,307 | $ | 2.32 | ||||||||||||||
Summary of Activity for Performance Share Units | ' | ||||||||||||||||
The following table summarizes the performance share unit activity for the nine month period ended September 30, 2014: | |||||||||||||||||
Number | Weighted | ||||||||||||||||
of Shares | Average | ||||||||||||||||
Grant-Date | |||||||||||||||||
Fair | |||||||||||||||||
Value | |||||||||||||||||
Nonvested at December 31, 2013 | 1,184 | $ | 2.94 | ||||||||||||||
Granted | 201 | 1.89 | |||||||||||||||
Vested | (498 | ) | 2.14 | ||||||||||||||
Canceled or expired | (97 | ) | 1.77 | ||||||||||||||
Nonvested at September 30, 2014 | 790 | $ | 3.32 | ||||||||||||||
Summary of Assumptions Used for Valuation of Equity Instruments Granted | ' | ||||||||||||||||
The following table summarizes the assumptions used for valuation of equity instruments granted during the nine month periods ended September 30, 2014 and 2013: | |||||||||||||||||
2014 | 2013 | ||||||||||||||||
Restricted stock: | |||||||||||||||||
Risk free rate | 0.03% - 0.23% | 0.03% - 0.18% | |||||||||||||||
Expected annual forfeiture rate | 9% | 0% - 9% | |||||||||||||||
Share-Based Compensation | ' | ||||||||||||||||
The following table provides selected information about the Company’s share-based compensation for the three and nine month periods ended September 30, 2014 and 2013: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Total compensation cost for share-based payments | $ | 684 | $ | 550 | $ | 1,877 | $ | 2,268 | |||||||||
Weighted average grant-date fair value of equity instruments granted (per share) | $ | 1.57 | $ | 2.57 | $ | 1.54 | $ | 1.76 | |||||||||
Total grant-date fair value of shares vested during the period | $ | 129 | $ | 111 | $ | 2,958 | $ | 4,823 | |||||||||
Unamortized share-based payments | $ | 1,810 | $ | 2,132 | $ | 1,810 | $ | 2,132 | |||||||||
Weighted average period (in years) to be recognized as expense | 1.5 | 1.9 | 1.5 | 1.9 |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Calculation of Basic and Diluted Earnings Per Share | ' | ||||||||||||||||
The calculation of basic and diluted earnings per share for the three and nine month periods ended September 30, 2014 and 2013 are as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Net income applicable to common shares | $ | 1,878 | $ | 121,997 | $ | 2,578 | $ | 163,159 | |||||||||
Tax effected interest expense attributable to convertible notes | — | 1,485 | — | 4,409 | |||||||||||||
Net income assuming dilution | $ | 1,878 | $ | 123,482 | $ | 2,578 | $ | 167,568 | |||||||||
Weighted average common shares outstanding: | |||||||||||||||||
Basic shares | 49,498 | 47,159 | 49,265 | 46,592 | |||||||||||||
Effect of stock-based compensation | 657 | 687 | 465 | 605 | |||||||||||||
Effect of 6.25% convertible notes | — | 11,513 | — | 11,619 | |||||||||||||
Diluted shares | 50,155 | 59,359 | 49,730 | 58,816 | |||||||||||||
Earnings per share: | |||||||||||||||||
Basic | $ | 0.04 | $ | 2.59 | $ | 0.05 | $ | 3.5 | |||||||||
Diluted | $ | 0.04 | $ | 2.08 | $ | 0.05 | $ | 2.85 | |||||||||
Retirement_Plans_Tables
Retirement Plans (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Summary of Net Periodic Pension Expense for ACS Retirement Plan | ' | ||||||||||||||||
The following table presents the net periodic pension expense for the ACS Retirement Plan for the three and nine month periods ended September 30, 2014 and 2013: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Interest cost | $ | 166 | $ | 160 | $ | 498 | $ | 480 | |||||||||
Expected return on plan assets | (187 | ) | (180 | ) | (562 | ) | (541 | ) | |||||||||
Amortization of loss | 134 | 205 | 402 | 612 | |||||||||||||
Net periodic pension expense | $ | 113 | $ | 185 | $ | 338 | $ | 551 | |||||||||
Description_of_Company_and_Sum2
Description of Company and Summary of Significant Accounting Policies - Additional Information (Detail) | 9 Months Ended | |||
Sep. 30, 2014 | Jan. 31, 2014 | Dec. 31, 2013 | Aug. 31, 2010 | |
TekMate, LLC [Member] | ' | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' | ' |
Percentage of ownership interest in equity method investments | ' | ' | ' | 49.00% |
Percentage of remaining ownership interest | ' | 51.00% | ' | ' |
Business purchase date | 31-Aug-10 | ' | ' | ' |
Remaining business purchase date | 31-Jan-14 | ' | ' | ' |
Percentage ownership interest in equity method investments | 100.00% | ' | 49.00% | ' |
Alaska Wireless Network, LLC [Member] | ' | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' | ' |
Percentage ownership interest in equity method investments | 33.33% | ' | 33.33% | ' |
Acquisition_of_TekMate_Additio
Acquisition of TekMate - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 0 Months Ended | 1 Months Ended | 9 Months Ended | 9 Months Ended | |||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | 15-May-14 | Jan. 31, 2014 | Sep. 30, 2014 | Jul. 15, 2014 | Dec. 31, 2013 | Aug. 31, 2010 | Sep. 30, 2014 | Sep. 30, 2014 |
TekMate, LLC [Member] | TekMate, LLC [Member] | TekMate, LLC [Member] | TekMate, LLC [Member] | TekMate, LLC [Member] | TekMate, LLC [Member] | TekMate, LLC [Member] | TekMate, LLC [Member] | ||||||
Minimum [Member] | Maximum [Member] | ||||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of ownership interest in equity method investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 49.00% | ' | ' |
Business purchase date | ' | ' | ' | ' | ' | ' | ' | 31-Aug-10 | ' | ' | ' | ' | ' |
Purchase of equity investment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,060 | ' | ' |
Percentage of remaining ownership interest | ' | ' | ' | ' | ' | ' | 51.00% | ' | ' | ' | ' | ' | ' |
Remaining business purchase date | ' | ' | ' | ' | ' | ' | ' | 31-Jan-14 | ' | ' | ' | ' | ' |
Consideration payable in cash or stock | ' | ' | ' | ' | ' | 800 | ' | 800 | ' | ' | ' | ' | ' |
Consideration paid in cash | ' | ' | ' | ' | ' | ' | ' | ' | 894 | ' | ' | ' | ' |
Consideration payable in cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 700 |
Carrying value of the liability | ' | ' | ' | ' | ' | ' | ' | 595 | ' | ' | ' | ' | ' |
Equity Method Investment | 257,853 | ' | 257,853 | ' | 266,972 | ' | 831 | ' | ' | 853 | ' | ' | ' |
Earnings of equity method investment | 11,556 | 8,082 | 29,247 | 8,061 | ' | ' | 12 | ' | ' | ' | ' | ' | ' |
Cash distributions | ' | ' | ' | ' | ' | ' | 33 | ' | ' | ' | ' | ' | ' |
Undistributed earnings | ' | ' | ' | ' | ' | ' | $0 | ' | ' | ' | ' | ' | ' |
Acquisition_of_TekMate_Fair_Va
Acquisition of TekMate - Fair Value of the Assets Acquired and Liabilities Assumed (Detail) (USD $) | Jan. 31, 2014 |
In Thousands, unless otherwise specified | |
Business Combination, Description [Abstract] | ' |
Current assets | $1,020 |
Non-current assets | 370 |
Current liabilities | 467 |
Non-current liabilities | 247 |
Net assets acquired and liabilities assumed | $676 |
Acquisition_of_TekMate_Goodwil
Acquisition of TekMate - Goodwill on the Acquisition (Detail) (USD $) | Sep. 30, 2014 | Jan. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |||
Business Acquisition [Line Items] | ' | ' | ' |
Fair value of equity method investment | $257,853 | ' | $266,972 |
Total net assets | ' | 676 | ' |
Goodwill | 5,986 | ' | 4,650 |
TekMate, LLC [Member] | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Consideration provided (including fair value of contingent consideration) | 1,181 | ' | ' |
Fair value of equity method investment | 831 | ' | ' |
Total consideration | 2,012 | ' | ' |
Fair value of assets acquired | 1,390 | ' | ' |
Fair value of liabilities assumed | -714 | ' | ' |
Total net assets | 676 | ' | ' |
Goodwill | $1,336 | ' | ' |
Equity_Method_Investments_Addi
Equity Method Investments - Additional Information (Detail) (Alaska Wireless Network, LLC [Member]) | Sep. 30, 2014 | Dec. 31, 2013 |
Alaska Wireless Network, LLC [Member] | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' |
Percentage ownership interest in equity method investments | 33.33% | 33.33% |
Equity_Method_Investments_Sche
Equity Method Investments - Schedule of Company's Ownership Interest and Investment (Detail) (USD $) | Sep. 30, 2014 | Jan. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |||
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Equity Method Investment | 257,853 | ' | $266,972 |
TekMate, LLC [Member] | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Percentage Ownership Interest in equity method investment | 100.00% | ' | 49.00% |
Equity Method Investment | ' | 831 | 853 |
Alaska Wireless Network, LLC [Member] | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Percentage Ownership Interest in equity method investment | 33.33% | ' | 33.33% |
Equity Method Investment | 257,853 | ' | $266,119 |
Equity_Method_Investments_Summ
Equity Method Investments - Summarized Financial Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' |
Current assets | $91,722 | ' | $91,722 | ' | $102,147 |
Current liabilities | 96,709 | ' | 96,709 | ' | 93,144 |
Equity | 141,046 | ' | 141,046 | ' | 135,263 |
Operating revenues | 78,465 | 83,841 | 237,354 | 272,657 | ' |
Net income | 1,878 | 121,997 | 2,578 | 163,159 | ' |
Alaska Wireless Network, LLC [Member] | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' |
Current assets | 130,162 | ' | 130,162 | ' | 119,681 |
Non-current assets | 545,846 | ' | 545,846 | ' | 549,913 |
Current liabilities | 84,928 | ' | 84,928 | ' | 72,242 |
Non-current liabilities | 18,162 | ' | 18,162 | ' | 20,570 |
Equity | 572,918 | ' | 572,918 | ' | 576,782 |
Operating revenues | 70,424 | ' | 198,126 | ' | ' |
Gross profit | 52,375 | ' | 142,078 | ' | ' |
Operating income | 35,941 | ' | 92,153 | ' | ' |
Net income | 35,847 | ' | 91,879 | ' | ' |
Adjusted Free Cash Flow | $26,134 | ' | $93,583 | ' | ' |
Equity_Method_Investments_Sche1
Equity Method Investments - Schedule of Reconciliation of Total Equity to Equity Method Investment (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Equity Method Investments [Line Items] | ' | ' |
Equity | $141,046 | $135,263 |
ACS investment in AWN | 257,853 | 266,972 |
Alaska Wireless Network, LLC [Member] | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' |
Equity | 572,918 | 576,782 |
Difference in income allocation method | -12,411 | ' |
Difference in timing of recognition of distribution | 4,167 | ' |
Other | 488 | ' |
ACS investment in AWN | 257,853 | 266,119 |
ACS [Member] | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' |
Equity | 265,609 | ' |
GCI [Member] | Affiliates [Member] | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' |
Equity | $307,309 | ' |
Equity_Method_Investments_Summ1
Equity Method Investments - Summary of Revisions to Previously Issued Consolidated Statements of Comprehensive Income (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Condensed Statement of Income Captions [Line Items] | ' | ' | ' | ' |
Gain on disposal of assets, net | ' | ' | ($612) | ($941) |
Earnings from equity method investments | 11,556 | 8,082 | 29,247 | 8,061 |
Total operating expenses | 66,797 | -135,437 | 206,710 | 16,386 |
Operating income | 11,668 | 219,278 | 30,644 | 256,271 |
Income before income tax expense | 3,081 | 207,418 | 4,542 | 223,955 |
Income tax expense | -1,203 | -85,421 | -1,964 | -60,796 |
Net income | 1,878 | 121,997 | 2,578 | 163,159 |
Total comprehensive income | 2,448 | 122,912 | 4,360 | 165,456 |
Net income per share: | ' | ' | ' | ' |
Basic | $0.04 | $2.59 | $0.05 | $3.50 |
Diluted | $0.04 | $2.08 | $0.05 | $2.85 |
As Reported [Member] | ' | ' | ' | ' |
Condensed Statement of Income Captions [Line Items] | ' | ' | ' | ' |
Gain on disposal of assets, net | ' | -207,003 | ' | -206,377 |
Earnings from equity method investments | ' | -8,082 | ' | -8,061 |
Total operating expenses | ' | -131,882 | ' | 19,941 |
Operating income | ' | 215,723 | ' | 252,716 |
Income before income tax expense | ' | 203,863 | ' | 220,400 |
Income tax expense | ' | -83,956 | ' | -59,331 |
Net income | ' | 119,907 | ' | 161,069 |
Total comprehensive income | ' | 120,822 | ' | 163,366 |
Net income per share: | ' | ' | ' | ' |
Basic | ' | $2.54 | ' | $3.46 |
Diluted | ' | $2.05 | ' | $2.81 |
Revisions [Member] | ' | ' | ' | ' |
Condensed Statement of Income Captions [Line Items] | ' | ' | ' | ' |
Gain on disposal of assets, net | ' | -3,555 | ' | -3,555 |
Total operating expenses | ' | -3,555 | ' | -3,555 |
Operating income | ' | 3,555 | ' | 3,555 |
Income before income tax expense | ' | 3,555 | ' | 3,555 |
Income tax expense | ' | -1,465 | ' | -1,465 |
Net income | ' | 2,090 | ' | 2,090 |
Total comprehensive income | ' | 2,090 | ' | 2,090 |
Net income per share: | ' | ' | ' | ' |
Basic | ' | $0.04 | ' | $0.04 |
Diluted | ' | $0.04 | ' | $0.04 |
As Revised [Member] | ' | ' | ' | ' |
Condensed Statement of Income Captions [Line Items] | ' | ' | ' | ' |
Gain on disposal of assets, net | ' | -210,558 | ' | -209,932 |
Earnings from equity method investments | ' | -8,082 | ' | -8,061 |
Total operating expenses | ' | -135,437 | ' | 16,386 |
Operating income | ' | 219,278 | ' | 256,271 |
Income before income tax expense | ' | 207,418 | ' | 223,955 |
Income tax expense | ' | -85,421 | ' | -60,796 |
Net income | ' | 121,997 | ' | 163,159 |
Total comprehensive income | ' | $122,912 | ' | $165,456 |
Net income per share: | ' | ' | ' | ' |
Basic | ' | $2.59 | ' | $3.50 |
Diluted | ' | $2.08 | ' | $2.85 |
Equity_Method_Investments_Summ2
Equity Method Investments - Summary of Revisions to Previously Issued Consolidated Statements of Cash Flows (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Cash Flows from Operating Activities: | ' | ' | ' |
Net income | $121,997 | $2,578 | $163,159 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Gain on sale/contribution of asset to AWN | ' | ' | 210,873 |
Deferred income tax expense | ' | 1,708 | 60,198 |
As Reported [Member] | ' | ' | ' |
Cash Flows from Operating Activities: | ' | ' | ' |
Net income | 119,907 | ' | 161,069 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Gain on sale/contribution of asset to AWN | ' | ' | -207,318 |
Deferred income tax expense | ' | ' | 58,733 |
Revisions [Member] | ' | ' | ' |
Cash Flows from Operating Activities: | ' | ' | ' |
Net income | 2,090 | ' | 2,090 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Gain on sale/contribution of asset to AWN | ' | ' | -3,555 |
Deferred income tax expense | ' | ' | 1,465 |
As Revised [Member] | ' | ' | ' |
Cash Flows from Operating Activities: | ' | ' | ' |
Net income | 121,997 | ' | 163,159 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Gain on sale/contribution of asset to AWN | ' | ' | -210,873 |
Deferred income tax expense | ' | ' | $60,198 |
Fair_Value_Measurements_Additi
Fair Value Measurements - Additional Information (Detail) (USD $) | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Long-term obligations | $434,642 | ' | $456,257 |
Notional amounts of floating-to-fixed interest rate swaps, one | 115,500 | ' | ' |
Notional amounts of floating-to-fixed interest rate swaps, two | 77,000 | ' | ' |
Interest rate of floating-to-fixed interest rate swaps, one | 7.22% | ' | ' |
Interest rate of floating-to-fixed interest rate swaps, two | 7.23% | ' | ' |
LIBOR spread | 4.75% | ' | ' |
Commencing swaps date | 30-Jun-12 | ' | ' |
Expiry date | 30-Sep-15 | ' | ' |
Notional amounts of floating-to-fixed interest rate swaps | 192,500 | 385,000 | ' |
Liabilities, fair value before adjustments | 68,182 | ' | ' |
Liabilities, fair value after adjustments | 64,627 | ' | ' |
Deferred AWN Capacity Revenue liability | 60,778 | ' | ' |
Estimated Value [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Fair value of long-term obligations | 412,039 | ' | ' |
Carrying Values [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Long-term obligations | $434,642 | ' | ' |
Fair_Value_Measurements_Balanc
Fair Value Measurements - Balances of Liabilities Measured at Fair Value on Recurring Basis (Detail) (Interest Rate Swaps [Member], USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Other long-term liabilities | ($1,887) | ($3,234) | ($3,619) | ($9,819) |
Level 1 [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Other long-term liabilities | 0 | ' | ' | ' |
Level 2 [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Other long-term liabilities | -1,887 | -3,234 | ' | ' |
Level 3 [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Other long-term liabilities | $0 | ' | ' | ' |
Fair_Value_Measurements_Schedu
Fair Value Measurements - Schedule of Floating-to-Fixed Interest Rate Swaps (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' |
Cash paid on extinguishment of hedging instrument | ' | $4,073 |
Interest Rate Swaps [Member] | ' | ' |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' |
Beginning Balance | 3,234 | 9,819 |
Reclassified from accumulated other comprehensive loss to other long-term liabilities | -1,347 | -1,342 |
Change in fair value credited to interest expense | ' | -785 |
Cash paid on extinguishment of hedging instrument | ' | -4,073 |
Ending Balance | $1,887 | $3,619 |
LongTerm_Obligations_Schedule_
Long-Term Obligations - Schedule of Long-Term Obligations (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Capital leases and other long-term obligations | $6,828 | $7,257 |
Long-term obligations | 434,642 | 456,257 |
Long-term obligations | 434,642 | 456,257 |
Less current portion | -11,846 | -14,256 |
Long-term obligations, net of current portion | 422,796 | 442,001 |
2010 Senior Credit Facility Term Loan Due 2016 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term obligations | 322,700 | 345,900 |
Long-term obligations | 322,700 | 345,900 |
Debt instrument unamortized discount | -1,155 | -1,687 |
6.25% Convertible Notes Due 2018 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term obligations | 114,000 | 114,000 |
Long-term obligations | 114,000 | 114,000 |
Debt instrument unamortized discount | ($7,731) | ($9,213) |
LongTerm_Obligations_Schedule_1
Long-Term Obligations - Schedule of Long-Term Obligations (Parenthetical) (Detail) | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 |
2010 Senior Credit Facility Term Loan Due 2016 [Member] | 6.25% Convertible Notes Due 2018 [Member] | |||
Debt Instrument [Line Items] | ' | ' | ' | ' |
Maturity year of senior credit facility term loan - start | ' | ' | 21-Oct-10 | ' |
Interest rate of convertible notes | 6.25% | 6.25% | ' | 6.25% |
Maturity year of convertible notes | ' | ' | 21-Oct-16 | 1-May-18 |
LongTerm_Obligations_Schedule_2
Long-Term Obligations - Schedule of Aggregate Maturities of Long-Term Obligations (Detail) (USD $) | Sep. 30, 2014 |
In Thousands, unless otherwise specified | |
Debt Disclosure [Abstract] | ' |
2014 (October 1-December 31) | $286 |
2015 (January 1-December 31) | 15,422 |
2016 (January 1-December 31) | 308,792 |
2017 (January 1-December 31) | 510 |
2018 (January 1-December 31) | 114,292 |
2019 (January 1-December 31) | 283 |
Thereafter | 3,943 |
Total | $443,528 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Loss - Summary of Activity in Accumulated Other Comprehensive Loss (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Balance, December 31, 2013 | ' | ' | ($5,609) | ' |
Other comprehensive income before reclassifications | ' | ' | 831 | ' |
Reclassifications from accumulated comprehensive loss to net income | ' | ' | 951 | ' |
Total other comprehensive income | 570 | 915 | 1,782 | 2,297 |
Balance, September 30, 2014 | -3,827 | ' | -3,827 | ' |
Interest Rate Swaps [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Balance, December 31, 2013 | ' | ' | -3,371 | ' |
Other comprehensive income before reclassifications | ' | ' | 793 | ' |
Reclassifications from accumulated comprehensive loss to net income | ' | ' | 752 | ' |
Total other comprehensive income | ' | ' | 1,545 | ' |
Balance, September 30, 2014 | -1,826 | ' | -1,826 | ' |
Defined Benefit Pension Plans [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Balance, December 31, 2013 | ' | ' | -2,238 | ' |
Other comprehensive income before reclassifications | ' | ' | 38 | ' |
Reclassifications from accumulated comprehensive loss to net income | ' | ' | 199 | ' |
Total other comprehensive income | ' | ' | 237 | ' |
Balance, September 30, 2014 | ($2,001) | ' | ($2,001) | ' |
Accumulated_Other_Comprehensiv3
Accumulated Other Comprehensive Loss - Additional Information (Detail) (Interest Expense [Member], Next Twelve Months [Member], USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 |
Interest Expense [Member] | Next Twelve Months [Member] | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' |
Accumulated other comprehensive loss to be reclassified to interest expense | $1,214 |
Stock_Incentive_Plans_Summary_
Stock Incentive Plans - Summary of Activity for Stock Options (Detail) (USD $) | 9 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' |
Number of Shares - Outstanding at December 31, 2013 | 24 |
Number of Shares - Granted | 0 |
Number of Shares - Exercised | 0 |
Number of Shares - Canceled or expired | -24 |
Number of Shares - Outstanding at September 30, 2014 | 0 |
Number of Shares - Exercisable at September 30, 2014 | 0 |
Weighted Average Exercise Price - Outstanding at December 31, 2013 | $5.36 |
Weighted Average Exercise Price - Granted | $0 |
Weighted Average Exercise Price - Exercised | $0 |
Weighted Average Exercise Price - Canceled or expired | $0 |
Weighted Average Exercise Price - Outstanding at September 30, 2014 | $0 |
Weighted Average Exercise Price - Exercisable at September 30, 2014 | $0 |
Weighted Average Remaining Life - Outstanding at September 30, 2014 | '0 years |
Weighted Average Remaining Life - Exercisable at September 30, 2014 | '0 years |
Aggregate Intrinsic Value - Outstanding at September 30, 2014 | $0 |
Aggregate Intrinsic Value - Exercisable at September 30, 2014 | $0 |
Stock_Incentive_Plans_Summary_1
Stock Incentive Plans - Summary of Activity for Restricted Stock Units, Long-Term Incentive Awards and Non-Employee Director Stock Compensation (Detail) (Restricted Stock Unit [Member], USD $) | 9 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 |
Restricted Stock Unit [Member] | ' |
Summary of activity for restricted stock units, long-term incentive awards and non-employee director stock compensation | ' |
Number of Shares - Nonvested at December 31, 2013 | 946 |
Number of Shares - Granted | 992 |
Number of Shares - Vested | -628 |
Number of Shares - Canceled or expired | -3 |
Number of Shares - Nonvested at September 30, 2014 | 1,307 |
Weighted Average Grant Date Fair Value - Nonvested at December 31, 2013 | $3.58 |
Weighted Average Grant Date Fair Value - Granted | $1.87 |
Weighted Average Grant Date Fair Value - Vested | $3.46 |
Weighted Average Grant Date Fair Value - Canceled or expired | $7.42 |
Weighted Average Grant Date Fair Value - Nonvested at September 30, 2014 | $2.32 |
Stock_Incentive_Plans_Summary_2
Stock Incentive Plans - Summary of Activity for Performance Share Units (Detail) (Performance Share Unit [Member], USD $) | 9 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 |
Performance Share Unit [Member] | ' |
Summary of activity for performance share units | ' |
Number of Shares - Nonvested at December 31, 2013 | 1,184 |
Number of Shares - Granted | 201 |
Number of Shares - Vested | -498 |
Number of Shares - Canceled or expired | -97 |
Number of Shares - Nonvested at September 30, 2014 | 790 |
Weighted Average Grant Date Fair Value - Nonvested at December 31, 2013 | $2.94 |
Weighted Average Grant Date Fair Value - Granted | $1.89 |
Weighted Average Grant Date Fair Value - Vested | $2.14 |
Weighted Average Grant Date Fair Value - Canceled or expired | $1.77 |
Weighted Average Grant Date Fair Value - Nonvested at September 30, 2014 | $3.32 |
Stock_Incentive_Plans_Summary_3
Stock Incentive Plans - Summary of Assumptions Used for Valuation of Equity Instruments Granted (Detail) (Restricted Stock [Member]) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Restricted stock: | ' | ' |
Risk free rate, Minimum | 0.03% | 0.03% |
Risk free rate, Maximum | 0.23% | 0.18% |
Expected annual forfeiture rate | 9.00% | ' |
Minimum [Member] | ' | ' |
Restricted stock: | ' | ' |
Expected annual forfeiture rate | ' | 0.00% |
Maximum [Member] | ' | ' |
Restricted stock: | ' | ' |
Expected annual forfeiture rate | ' | 9.00% |
Stock_Incentive_Plans_ShareBas
Stock Incentive Plans - Share-Based Compensation (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ' | ' | ' |
Total compensation cost for share-based payments | $684 | $550 | $1,877 | $2,268 |
Weighted average grant-date fair value of equity instruments granted (per share) | $1.57 | $2.57 | $1.54 | $1.76 |
Total grant-date fair value of shares vested during the period | 129 | 111 | 2,958 | 4,823 |
Unamortized share-based payments | $1,810 | $2,132 | $1,810 | $2,132 |
Weighted average period (in years) to be recognized as expense | '1 year 6 months | '1 year 10 months 24 days | '1 year 6 months | '1 year 10 months 24 days |
Earnings_Per_Share_Additional_
Earnings Per Share - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | 15-May-14 | Sep. 30, 2014 | Jan. 31, 2014 |
Options [Member] | Stock Appreciation Rights (SARs) [Member] | Convertible Notes [Member] | Convertible Notes [Member] | TekMate, LLC [Member] | TekMate, LLC [Member] | TekMate, LLC [Member] | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Percentage of ownership interest in equity method investments | ' | ' | ' | ' | ' | ' | 51.00% |
Consideration payable in cash or stock | ' | ' | ' | ' | $800 | $800 | ' |
Anti-dilutive shares excluded from calculation | 24 | 275 | 11,088 | 11,088 | ' | ' | ' |
Earnings_Per_Share_Calculation
Earnings Per Share - Calculation of Basic and Diluted Earnings Per Share (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Earnings Per Share, Basic and Diluted [Abstract] | ' | ' | ' | ' |
Net income applicable to common shares | $1,878 | $121,997 | $2,578 | $163,159 |
Tax effected interest expense attributable to convertible notes | ' | 1,485 | ' | 4,409 |
Net income assuming dilution | $1,878 | $123,482 | $2,578 | $167,568 |
Weighted average common shares outstanding: | ' | ' | ' | ' |
Basic shares | 49,498 | 47,159 | 49,265 | 46,592 |
Effect of stock-based compensation | 657 | 687 | 465 | 605 |
Effect of 6.25% convertible notes | ' | 11,513 | ' | 11,619 |
Diluted shares | 50,155 | 59,359 | 49,730 | 58,816 |
Earnings per share: | ' | ' | ' | ' |
Basic | $0.04 | $2.59 | $0.05 | $3.50 |
Diluted | $0.04 | $2.08 | $0.05 | $2.85 |
Earnings_Per_Share_Calculation1
Earnings Per Share - Calculation of Basic and Diluted Earnings Per Share (Parenthetical) (Detail) | Sep. 30, 2014 | Sep. 30, 2013 |
Earnings Per Share, Basic and Diluted [Abstract] | ' | ' |
Percentage of convertible notes, anti-dilutive | 6.25% | 6.25% |
Retirement_Plans_Summary_of_Ne
Retirement Plans - Summary of Net Periodic Pension Expense for ACS Retirement Plan (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Compensation and Retirement Disclosure [Abstract] | ' | ' | ' | ' |
Interest cost | $166 | $160 | $498 | $480 |
Expected return on plan assets | -187 | -180 | -562 | -541 |
Amortization of loss | 134 | 205 | 402 | 612 |
Net periodic pension expense | $113 | $185 | $338 | $551 |
Business_Segments_Additional_I
Business Segments - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2014 | |
Segment | |
Segment Reporting [Abstract] | ' |
Number of reportable segments in which business operates | 1 |
Commitments_and_Contingencies_
Commitments and Contingencies - Additional Information (Detail) (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 |
Commitments and Contingencies Disclosure [Abstract] | ' |
Capital expenditures obligation | $4,562 |
Litigation reserves | $523 |