Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2015 | Oct. 26, 2015 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | Q3 | |
Trading Symbol | ALSK | |
Entity Registrant Name | ALASKA COMMUNICATIONS SYSTEMS GROUP INC | |
Entity Central Index Key | 1,089,511 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 50,414,959 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Current assets: | ||
Cash and cash equivalents | $ 42,104 | $ 31,709 |
Restricted cash | 2,052 | 467 |
Accounts receivable, net of allowance of $2,022 and $2,338 | 24,506 | 30,900 |
Materials and supplies | 4,927 | 4,321 |
Prepayments and other current assets | 7,846 | 6,575 |
Deferred income taxes | 12,943 | 104,245 |
Current assets held-for-sale | 9,565 | |
Total current assets | 94,378 | 187,782 |
Property, plant and equipment | 1,332,184 | 1,333,134 |
Less: accumulated depreciation and amortization | (967,140) | (976,401) |
Property, plant and equipment, net | 365,044 | 356,733 |
Deferred income taxes | 5,047 | |
Equity method investments | 0 | 252,067 |
Non-current assets held-for-sale | 14,664 | |
Other assets | 1,843 | 301 |
Total assets | 466,312 | 811,547 |
Current liabilities: | ||
Current portion of long-term obligations | 3,249 | 15,521 |
Accounts payable, accrued and other current liabilities, non-affiliates | 58,030 | 54,373 |
Accounts payable, accrued and other current liabilities, affiliates, net | 4,853 | |
Advance billings and customer deposits | 4,603 | 4,490 |
Current liabilities held-for-sale | 18,728 | |
Total current liabilities | 65,882 | 97,965 |
Long-term obligations, net of current portion | 185,403 | 413,978 |
Deferred income taxes | 81,267 | |
Other long-term liabilities, net of current portion | 61,776 | 24,370 |
Non-current liabilities held-for-sale | 2,107 | |
Deferred AWN capacity revenue, net of current portion | 56,734 | |
Total liabilities | $ 313,061 | $ 676,421 |
Commitments and contingencies | ||
ACS stockholders' equity: | ||
Common stock, $.01 par value; 145,000 authorized; 50,414 issued and outstanding at September 30, 2015; 49,660 issued and outstanding at December 31, 2014 | $ 504 | $ 497 |
Additional paid in capital | 156,724 | 154,368 |
Accumulated deficit | (1,973) | (14,588) |
Accumulated other comprehensive loss | (3,120) | (5,151) |
Total ACS stockholders' equity | 152,135 | 135,126 |
Noncontrolling interest | 1,116 | |
Total stockholders' equity | 153,251 | 135,126 |
Total liabilities and stockholders' equity | $ 466,312 | $ 811,547 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Statement of Financial Position [Abstract] | ||
Allowance for doubtful accounts | $ 2,022 | $ 2,338 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 145,000,000 | 145,000,000 |
Common stock, shares issued | 50,414,000 | 49,660,000 |
Common stock, shares outstanding | 50,414,000 | 49,660,000 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Operating revenues: | ||||
Operating revenues, non-affiliates | $ 54,735 | $ 76,683 | $ 175,611 | $ 232,031 |
Operating revenues, affiliates | 1,782 | 575 | 5,323 | |
Total operating revenues | 54,735 | 78,465 | 176,186 | 237,354 |
Operating expenses: | ||||
Cost of services and sales, non-affiliates | 24,673 | 31,416 | 81,056 | 91,274 |
Cost of services and sales, affiliates | 13,534 | 4,961 | 43,295 | |
Selling, general and administrative | 20,387 | 25,017 | 70,982 | 74,926 |
Depreciation and amortization | 8,475 | 8,585 | 25,491 | 25,850 |
(Gain) loss on disposal of assets, net | (6,978) | (199) | (46,364) | 612 |
Earnings from equity method investments | (11,556) | (3,056) | (29,247) | |
Total operating expenses | 46,557 | 66,797 | 133,070 | 206,710 |
Operating income | 8,178 | 11,668 | 43,116 | 30,644 |
Other income and (expense): | ||||
Interest expense | (4,077) | (8,615) | (18,381) | (26,144) |
Loss on extinguishment of debt | (2,250) | (2,250) | ||
Interest income | 14 | 28 | 56 | 42 |
Total other income and (expense) | (6,313) | (8,587) | (20,575) | (26,102) |
Income before income tax expense | 1,865 | 3,081 | 22,541 | 4,542 |
Income tax expense | (663) | (1,203) | (9,982) | (1,964) |
Net income | 1,202 | 1,878 | 12,559 | 2,578 |
Less net loss attributable to noncontrolling interest | (37) | (56) | ||
Net income attributable to ACS | 1,239 | 1,878 | 12,615 | 2,578 |
Other comprehensive income: | ||||
Minimum pension liability adjustment | 21 | 21 | 63 | 64 |
Income tax effect | (9) | (8) | (27) | (26) |
Amortization of defined benefit plan loss | 273 | 113 | 819 | 338 |
Income tax effect | (112) | (46) | (336) | (139) |
Interest rate swap marked to fair value | 199 | 471 | 596 | 1,347 |
Income tax effect | (81) | (194) | (244) | (554) |
Reclassification of loss on ineffective hedge | 362 | 1,970 | 1,276 | |
Income tax effect | (149) | (810) | (524) | |
Total other comprehensive income | 291 | 570 | 2,031 | 1,782 |
Total comprehensive income attributable to ACS | 1,530 | 2,448 | 14,646 | 4,360 |
Net loss attributable to noncontrolling interest | (37) | (56) | ||
Total other comprehensive income attributable to noncontrolling interest | 0 | 0 | 0 | 0 |
Total comprehensive loss attributable to noncontrolling interest | (37) | (56) | ||
Total comprehensive income | 1,493 | 2,448 | 14,590 | 4,360 |
Total comprehensive income attributable to ACS | $ 1,530 | $ 2,448 | $ 14,646 | $ 4,360 |
Net income per share attributable to ACS: | ||||
Basic and diluted | $ 0.02 | $ 0.04 | $ 0.25 | $ 0.05 |
Weighted average shares outstanding: | ||||
Basic | 50,399 | 49,498 | 50,191 | 49,265 |
Diluted | 51,588 | 50,155 | 51,246 | 49,730 |
Condensed Consolidated Stateme5
Condensed Consolidated Statement of Stockholders' Equity - 9 months ended Sep. 30, 2015 - USD ($) shares in Thousands, $ in Thousands | Total | Common Stock [Member] | Additional Paid in Capital [Member] | Accumulated Deficit [Member] | Accumulated Other Comprehensive Loss [Member] | Noncontrolling Interests [Member] |
Beginning Balance at Dec. 31, 2014 | $ 135,126 | $ 497 | $ 154,368 | $ (14,588) | $ (5,151) | |
Beginning Balance, Shares at Dec. 31, 2014 | 49,660 | |||||
Total comprehensive income (loss) | 14,590 | 12,615 | 2,031 | $ (56) | ||
Stock compensation | 1,898 | 1,898 | ||||
Excess tax benefit from share-based payments | 733 | 733 | ||||
Surrender of shares to cover minimum withholding taxes on stock-based compensation | (402) | (402) | ||||
Issuance of common stock, pursuant to stock plans, $.01 par | 134 | $ 7 | 127 | |||
Issuance of common stock, pursuant to stock plans, $.01 par, Shares | 754 | |||||
Contributions from noncontrolling interest | 1,172 | 1,172 | ||||
Ending Balance at Sep. 30, 2015 | $ 153,251 | $ 504 | $ 156,724 | $ (1,973) | $ (3,120) | $ 1,116 |
Ending Balance, Shares at Sep. 30, 2015 | 50,414 |
Condensed Consolidated Stateme6
Condensed Consolidated Statement of Stockholders' Equity (Parenthetical) - $ / shares | Sep. 30, 2015 | Dec. 31, 2014 |
Statement of Stockholders' Equity [Abstract] | ||
Common stock, par value | $ 0.01 | $ 0.01 |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Cash Flows from Operating Activities: | ||
Net income | $ 12,559 | $ 2,578 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 25,491 | 25,850 |
Loss on disposal of assets, net | (46,364) | 612 |
Gain on wireless sale | (48,232) | |
Unrealized gain on ineffective hedge | (820) | |
Amortization of debt issuance costs and debt discount | 5,690 | 3,926 |
Amortization of ineffective hedge | 1,970 | 1,276 |
Loss on extinguishment of debt | 2,250 | |
Cash paid for debt extinguishment | (391) | |
Amortization of deferred capacity revenue | (2,162) | (2,819) |
Stock-based compensation | 1,898 | 1,877 |
Deferred income tax expense | 3,571 | 1,708 |
Provision for uncollectible accounts | 1,385 | 2,942 |
Cash distribution from equity method investments | 3,056 | 29,247 |
Earnings from equity method investments | (3,056) | (29,247) |
Other non-cash expense, net | 817 | 318 |
Income taxes payable | 1,736 | |
Changes in operating assets and liabilities | (2,521) | 1,623 |
Net cash provided by operating activities | 5,109 | 39,891 |
Cash Flows from Investing Activities: | ||
Capital expenditures | (38,216) | (33,916) |
Capitalized interest | (1,232) | (2,082) |
Change in unsettled capital expenditures | 3,387 | (1,300) |
Cash received in acquisition of business | 68 | |
Proceeds on wireless sale | 285,160 | |
Proceeds on sale of assets | 3,129 | 136 |
Return of capital from equity investment | 1,875 | 8,286 |
Net change in restricted cash | (1,357) | |
Net cash provided (used) by investing activities | 252,746 | (28,808) |
Cash Flows from Financing Activities: | ||
Repayments of long-term debt | (333,390) | (24,022) |
Proceeds from the issuance of long-term debt | 90,061 | |
Debt issuance costs | (4,555) | |
Cash paid in acquisition of business | (291) | (795) |
Cash proceeds from noncontrolling interest | 250 | |
Payment of withholding taxes on stock-based compensation | (402) | (586) |
Excess tax benefit from share-based payments | 733 | |
Proceeds from the issuance of common stock | 134 | 132 |
Net cash used by financing activities | (247,460) | (25,271) |
Change in cash and cash equivalents | 10,395 | (14,188) |
Cash and cash equivalents, beginning of period | 31,709 | 43,039 |
Cash and cash equivalents, end of period | 42,104 | 28,851 |
Supplemental Cash Flow Data: | ||
Interest paid | 11,120 | 22,036 |
Income taxes paid, net | $ 3,942 | $ 220 |
Description of Company and Summ
Description of Company and Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2015 | |
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 broadband telecommunication and managed information technology (“IT Managed”) services to customers in the State of Alaska and beyond using its 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 • 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 the wholly-owned subsidiaries, the Company has a fifty percent interest in ACS-Quintillion JV, LLC, a joint venture formed by its wholly-owned subsidiary ACS Cable Systems, LLC and Quintillion Holdings, LLC (“QHL”) in connection with the North Slope fiber optic network transactions. See Note 3 “ Joint Venture Sale of Wireless Operations” Basis of Presentation The accompanying unaudited condensed consolidated financial statements and footnotes included in this Quarterly Report on Form 10-Q have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and 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, 2014. 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 the rules and regulations of the SEC. The Company believes the disclosures made are adequate to make the information presented not misleading. The Company has consolidated the financial results of the joint venture with QHL based on its determination that, for accounting purposes, it holds a controlling financial interest in the joint venture and is the primary beneficiary of this variable interest entity. The Company has accounted for and reported QHL’s 50% ownership interest in the joint venture as a noncontrolling interest. See Note 3 “ Joint Venture 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. Comprehensive income for the three and nine months ended September 30, 2015, 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, 2014 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 year financial statements to conform to the current year presentation. 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. Recently Adopted Accounting Pronouncements In the third quarter of 2015, the Company adopted the provisions of Accounting Standards Update (“ASU”) No. 2015-03, “ Interest – Imputation of Interest (Subtopic 835-30), Simplifying the Presentation of Debt Issuance Costs Long-Term Obligations In the third quarter of 2015, the Company adopted the provisions of ASU No. 2015-15, “ Interest – Imputation of Interest (Subtopic 835-30), Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements – Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting Long-Term Obligations Accounting Pronouncements Issued Not Yet Adopted In February 2015, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2015-02, “ Consolidation (Topic 810), Amendments to the Consolidation Analysis” In April 2015, the FASB issued ASU No. 2015-04, “ Compensation – Retirement Benefits (Topic 715), Practical Expedient for the Measurement Date of an Employer’s Defined Benefit Obligation and Plan Assets In April 2015, the FASB issued ASU No. 2015-05, “ Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40), Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement On May 28, 2014, the FASB issued ASU No. 2014-09, “ Revenue from Contracts with Customers (Topic 606) In September 2015, the FASB issued ASU No. 2015-16, “ Business Combinations (Topic 805), Simplifying the Accounting for Measurement-Period Adjustments |
Sale of Wireless Operations
Sale of Wireless Operations | 9 Months Ended |
Sep. 30, 2015 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Sale of Wireless Operations | 2. SALE OF WIRELESS OPERATIONS On December 4, 2014, the Company entered into a Purchase and Sale Agreement to sell to General Communication, Inc (“GCI”), ACSW’s interest in AWN and substantially all the assets and subscribers used primarily in the wireless business of ACS and its affiliates (the “Acquired Assets”), as described below, for a cash payment of $300,000, which amount was subject to adjustment for certain working capital assets and liabilities as well as minimum subscriber levels and preferred distributions (the “Wireless Sale”). The transaction was completed on February 2, 2015, subject to resolution of potential additional purchase price adjustments. After final resolution in the third quarter of 2015 (as described below) of adjustments for certain working capital assets and liabilities, minimum subscriber levels, preferred distributions and other adjustments totaling $14,612, and $228 of cash held in escrow pending completion of certain backhaul orders, cash proceeds on the sale were $285,160, of which $240,472 was utilized to pay down the Company’s 2010 Senior Credit Facility. The Company recorded a gain before income tax of $48,232 in the nine month period ended September 30, 2015. On August 4, 2015, the Company and GCI entered into an agreement to resolve all outstanding disputes between the parties associated with the Wireless Sale including finalization of the purchase price adjustments. In the third quarter of 2015, $7,092 of $9,000 cash placed in escrow at closing pending resolution of potential additional purchase price adjustments was disbursed to the Company and $1,680 was disbursed to GCI. The gain on and proceeds from the Wireless Sale described above include the $7,092 received from escrow in the third quarter of 2015. The remaining $228 will be disbursed to the Company upon timely completion of certain backhaul orders during the fourth quarter of 2015, or to GCI in the event the Company does not complete the backhaul orders on a timely basis. Final resolution of escrow disbursements was originally scheduled for February 2016. The following table provides the calculation of the gain: Consideration: Cash $ 44,688 Cash held in escrow 228 Principal payment on 2010 Senior Credit Facility 240,472 Total consideration 285,388 Carrying value of assets and liabilities sold: Equity investment in AWN 250,192 Assets and liabilities, net 5,349 Net change in deferred capacity revenue (18,385 ) Total carrying value of assets and liabilities sold 237,156 Gain on disposal of assets $ 48,232 The Acquired Assets included, without limitation, all the equity interests of AWN owned or held by ACSW, substantially all of ACS’s wireless subscriber assets, including subscriber contracts, and certain network assets at predetermined demarcation points to the cell site locations, including certain fiber strands and associated cell site electronics and microwave facilities and associated electronics. This transaction also includes a capacity agreement with GCI that is similar to the capacity agreement provided in the July 23, 2013 transaction with AWN, whereby ACS provides certain capacity from the predetermined demarcation points to a central switch location and, if required, to points outside of Alaska. The two companies entered into a service transition plan in which ACS continued to provide certain retail and back office services to its previous wireless customers for an interim period, which was completed on April 17, 2015. This arrangement did not cover the full cost of providing the service. The fair value of these services was $4,769, which exceeded the consideration received for this service by approximately $522. This loss was reflected in the calculation of the gain on the sale. In May 2015, the Company received a cash payment from GCI of $1,680 for timely completion of a transition support agreement. This amount was reflected in cash proceeds and gain on the sale. In addition to the major elements discussed above, ACS and its controlled affiliates are restricted from operating a wireless network or providing wireless products or services in Alaska for a period of four years after closing, except for: (a) fixed wireless replacement, (b) WiFi, (c) wireless backhaul and transport, (d) cell site leases and (e) acting as a wireless internet service provider. As part of the transaction, the Company initiated a plan to sell certain assets associated with realigning operations. These assets included certain handset inventory, which was sold, and retail store leases which were actively marketed for sale to third parties. Upon completion of the service transition plan, the Company accelerated its plan to achieve cost savings related to the wind-down of the wireless business and from the synergies derived from becoming a more focused broadband and IT Managed services company. Key cost avoidance milestones have been achieved, including completing the exit from all retail store locations. The Company considered the sale of assets to GCI under the guidance of Accounting Standards Codification (“ASC”) 205-20, “ Discontinued Operations The following table provides a reconciliation of the major classes of assets and liabilities included in the Consolidated Balance Sheet under the captions “Current assets held-for-sale”, “Non-current assets held-for-sale,” “Current liabilities held-for-sale” and “Non-current liabilities held-for-sale” at December 31, 2014. There were no assets or liabilities held for sale at September 30, 2015. December 31, Current assets: Accounts receivable, non-affiliates, net $ 7,607 Materials and supplies 1,958 Total current assets held-for-sale $ 9,565 Property, plant and equipment, net of accumulated depreciation of $8,835 14,664 Total non-current assets held-for-sale $ 14,664 Current liabilities: Current portion of long-term obligations $ 287 Accounts payable, accrued and other current liabilities, non-affiliates 301 Accounts payable, accrued and other current liabilities, affiliates, net 14,411 Advance billings and customer deposits 3,729 Total current liabilities held-for-sale $ 18,728 Long-term obligations, net of current portion 2,107 Total non-current liabilities held-for-sale $ 2,107 Although they did not meet the criteria for classification as held-for-sale, certain other assets and liabilities were impacted by the transaction as follows: • The equity method investment in AWN, valued at $250,192, was sold to GCI on February 2, 2015. • The remaining Deferred AWN capacity revenue, which was created during the AWN transaction in 2013 and was being amortized over the 20 year contract life, was removed. This capacity had a carrying value of $59,672 on February 2, 2015. It was replaced with a new service obligation in the amount of $41,287 which was recorded at the estimated fair value of the services to be provided to GCI in the future and will be amortized over the new contract life of up to 30 years. • On February 2, 2015, the Company’s 2010 Senior Credit Facility was amended resulting in $240,472 in principal payments and the write-off of associated debt discount and debt issuance costs of $721 and $1,907, respectively, in the nine month period ended September 30, 2015. For additional information on this amendment, see Note 7 “ Long-term Obligations. • Current deferred tax assets of $89,542 representing Federal and state net operating loss carryforwards and state alternative minimum tax credit carryforwards, and non-current deferred tax liabilities of $70,577 related to the Company’s investment in AWN, reversed in the nine month period ended September 30, 2015 as a result of the Wireless Sale. In connection with its decision to sell its wireless operations, the Company has, and will continue to incur, a number of transaction related and wind-down cost throughout 2015. In addition, costs have been incurred in connection with plans associated with synergies and future cost reductions resulting from the Company becoming a more focused broadband and IT Managed services company. The costs incurred for wind-down and synergy activities include those associated with workforce reductions, termination of retail store and other contracts, and other associated obligations that meet the criteria for reporting as exit obligations under ASC 420, “ Exit or Disposal Cost Obligations Compensation – Nonretirement Postemployment Benefits The following table summarizes the Company’s current obligations for exit activities, including costs accounted for under both ASU 420 and ASU 712, as of and for the nine month period ended September 30, 2015: Labor Contract Other Total Balance, December 31, 2014 $ 490 $ — $ — $ 490 Charged to expense 5,758 3,966 294 10,018 Paid and/or settled (5,103 ) (3,966 ) (285 ) (9,354 ) Balance, September 30, 2015 $ 1,145 $ — $ 9 $ 1,154 The exit activities as noted above that have been incurred to date are included in the captions “Selling, general and administrative”, and “Cost of services and sales, non-affiliates” on the Company’s “Consolidated Statements of Comprehensive Income”. The exit liability is included in “Accounts payable, accrued and other current liabilities – non affiliates” on the Company’s “Consolidated Balance Sheets”. |
Joint Venture
Joint Venture | 9 Months Ended |
Sep. 30, 2015 | |
Text Block [Abstract] | |
Joint Venture | 3. JOINT VENTURE During the second quarter of 2015, the Company entered into a series of transactions with ConocoPhillips Alaska, Inc. (“CPAI”) and QHL which included the acquisition of a fiber optic network on the North Slope of Alaska from CPAI and the establishment of a joint venture with QHL. The network will enable commercially-available, high-speed connectivity where only high-cost microwave and satellite communications were available. Through the ACS and QHL joint venture, this network will be made available to other telecom carriers in the market. The transactions described below were all entered into concurrently on April 2, 2015 and in contemplation of each of the other transactions. Transactions with CPAI The Company, through its wholly-owned subsidiary ACS Cable Systems, LLC, acquired from CPAI a fiber optic cable (including conduit, licenses, permits and right-of-ways) running from the Kuparuk Operating Center to the Trans-Alaska Pipeline System Pump Station #1 (the “Fiber Optic System”). The purchase price was $11,000, $5,500 of which was paid by the Company at closing and the balance of which is payable on or before April 4, 2016. The Company sold to CPAI a 30 year indefeasible right of use (“IRU”) on certain fibers from the Fiber Optic System. The sales price was $400, all of which was paid by CPAI at closing. The Company and CPAI also entered into agreements for the exchange of IRUs, pipeline access, conduit and future capacity, and the prepayment of certain fees and services. Transactions with QHL The Company sold certain fiber strands from the Fiber Optic System to QHL for $5,300, $2,650 of which was paid by QHL at closing and the balance of which is payable on or before April 2, 2016. The Company and QHL also exchanged 30 year IRU agreements. Formation of Joint Venture On April 2, 2015, the Company, through its wholly-owned subsidiary ACS Cable Systems, LLC, entered into a joint venture agreement with QHL to form ACS-Quintillion JV, LLC (the “Joint Venture”) for the purpose of expanding the fiber optic network, and making the network available to other telecom carriers. The Joint Venture may also participate in and facilitate other capital and service initiatives in the telecom industry. The Company and QHL each contributed to the Joint Venture IRUs with a combined value of $1,844 ($922 by each party). Each party also contributed cash of $250. The Company contributed an additional IRU with a value of $461. The Company and QHL each hold a 50% voting interest in the Joint Venture. Accounting Treatment The above transactions, excluding the cash of $250 contributed by the Company and QHL, are considered to be nonmonetary transactions because no cash was exchanged. These nonmonetary transactions have also been determined to be reciprocal transfers because, for each individual transaction, or combination of transactions, an asset or obligation was received for an asset or obligation relinquished. The transactions have been determined to have commercial substance based on the Company’s expectations regarding the future cash flow streams from the assets received. The nonmonetary transactions, including both assets and services, have been recorded at fair value which was equivalent to carrying value. There were no gains or losses recorded by the Company in connection with these exchanges. The Company determined that the transactions described above do not constitute a business combination as defined in ASC 805, “ Business Combinations The Company determined that the Joint Venture is a Variable Interest Entity as defined in ASC 810, “ Consolidation The table below provides certain financial information about the Joint Venture included in the Company’s consolidated balance sheet at September 30, 2015. Cash may only be utilized to settle obligations of the Joint Venture: September 30, Cash $ 359 Fiber and IRUs, net of accumulated depreciation of $38 $ 2,266 The operating results and cash flows of the Joint Venture in the nine month period of 2015 were not material. |
Equity Method Investments
Equity Method Investments | 9 Months Ended |
Sep. 30, 2015 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Equity Method Investments | 4. EQUITY METHOD INVESTMENTS The Company had no equity method investments at September 30, 2015. The Company’s equity method investment at December 31, 2014 consisted of a one-third interest in AWN. See Note 2 “ Sale of Wireless Operations” September 30, December 31, 2015 2014 Ownership Ownership September 30, December 31, Alaska Wireless Network, LLC 0 % 33.33 % $ — $ 252,067 Summarized financial information for AWN for the periods during which the Company had an ownership interest is as follows: September 30, December 31, Current assets $ — $ 139,237 Non-current assets $ — $ 554,608 Current liabilities $ — $ 91,247 Non-current liabilities $ — $ 21,505 Equity $ — $ 581,093 Three Months Ended Nine Months Ended 2015 2014 2015 2014 Operating revenues $ — $ 70,424 $ 21,457 $ 198,126 Gross profit $ — $ 52,375 $ 15,745 $ 142,078 Operating income $ — $ 35,941 $ 9,757 $ 92,153 Net income $ — $ 35,847 $ 9,722 $ 91,879 Adjusted Free Cash Flow (1) $ — $ 26,134 $ 10,805 $ 93,583 (1) Adjusted Free Cash Flow as defined in the Operating Agreement. |
Fair Value Measurements
Fair Value Measurements | 9 Months Ended |
Sep. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | 5. 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 2015 Senior Credit Facilities, convertible notes and other long-term obligations of $195,091 at September 30, 2015, were estimated based primarily on quoted market prices (Level 1). The carrying values of these liabilities totaled $193,608 at September 30, 2015. The Company has developed valuation techniques based upon observable and unobservable inputs to calculate the fair value of non-current monetary assets and liabilities. Observable inputs reflect market data obtained from independent sources while unobservable inputs reflect 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. • 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 assets and liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014, at each hierarchical level: September 30, 2015 December 31, 2014 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Other long-term liabilities: Interest rate swaps $ — $ — $ — $ — $ (1,416 ) $ — $ (1,416 ) $ — Derivative Financial Instruments The Company, from time to time, uses floating-to-fixed interest rate swaps to manage variable interest rate risk. Swaps in the notional amounts of $115,500 and $77,000 with interest rates of 7.220% and 7.225%, inclusive of a 4.75% LIBOR spread, began on June 30, 2012 and expired on September 30, 2015. At low LIBOR rates, payments under the swaps increased the Company’s cash interest expense. The outstanding amount of the swaps as of a period end were reported on the balance sheet at fair value, represented by the estimated amount the Company would receive or pay to terminate the swaps. They were valued using models based on readily observable market parameters for all substantial terms of the contracts and were classified within Level 2 of the fair value hierarchy. On December 4, 2014, upon the announcement of the sale of its wireless operations, $240,472 of the Company’s 2010 Senior Credit Facility was expected to be repaid. Hedge accounting treatment on the interest rate swap in the notional amount of $115,500 was discontinued because it became “possible” that the interest payments on which the swap were intended to hedge would not occur. At February 2, 2015, 95.5% or $110,268 of the $115,500 swap was deemed ineffective and, therefore, changes in fair value through the swap’s expiration on September 30, 2015 were recorded to interest expense. Through September 30, 2015, $820 was credited to interest expense for the ineffective portion. The following table presents information about the floating-to-fixed interest rate swaps in the total notional amount of $192,500 as of and for the nine month periods ending September 30, 2015 and 2014: 2015 2014 Balance, January 1 $ 1,416 $ 3,234 Reclassified from accumulated other comprehensive loss to other long-term liabilities (596 ) (1,347 ) Change in fair value credited to interest expense (820 ) — Balance, September 30 $ — $ 1,887 Under the terms of the credit facilities entered into on September 14, 2015, the Company is required within ninety days of that date to enter into or obtain an interest rate hedge sufficient to effectively fix or limit the interest rate on borrowings of a minimum of $45,000 for a weighted average life of at least two years. Such interest rate hedge had not been entered into as of September 30, 2015. See Note 7 “ Long-Term Obligations Deferred Capacity Revenue As discussed in Note 2 “ Sale of Wireless Operations,” The following table describes the valuation techniques used to measure the fair value of the service obligation at February 2, 2015 and the significant unobservable inputs and values for those inputs: Description Estimated Valuation Technique Level 3 Unobservable Inputs Significant Deferred Capacity Revenue $ 41,287 Cost/Replacement Value and Discounted Cash Flow Weighted Average Cost of Capital Cost trend factor Estimated % used by GCI Historical cost of underlying assets 11.00% 1% - 4% 1% - 100% Other Items As discussed in Note 3 “ Joint Venture The following table provides the fair value and describes the valuation techniques used to measure the fair value of the assets and liabilities recorded by the Company as of April 2, 2015, including those recognized through consolidation of the Joint Venture, and the significant unobservable inputs: Estimated Valuation Level 3 Description Fair Value Technique Unobservable Inputs IRU Assets $ 2,304 Cost Historical cost of underlying assets IRU Obligations $ 4,153 Cost Historical cost of underlying assets The carrying value of these items at September 30, 2015 was as follows: IRU Assets $ 2,266 IRU Obligations $ 4,126 |
Current Liabilities
Current Liabilities | 9 Months Ended |
Sep. 30, 2015 | |
Payables and Accruals [Abstract] | |
Current Liabilities | 6. CURRENT LIABILITIES Accounts payable, accrued and other current liabilities, non-affiliates consist of the following at September 30, 2015 and December 31, 2014: 2015 2014 Accounts payable - trade $ 18,327 $ 25,672 Accrued payroll, benefits, and related liabilities 15,930 18,086 Note payable, non-interest bearing, due 2016 5,500 — Other 18,273 10,615 $ 58,030 $ 54,373 Advance billings and customer deposits consist of the following at September 30, 2015 and December 31, 2014: 2015 2014 Advance billings $ 4,572 $ 4,449 Customer deposits 31 41 $ 4,603 $ 4,490 |
Long-Term Obligations
Long-Term Obligations | 9 Months Ended |
Sep. 30, 2015 | |
Debt Disclosure [Abstract] | |
Long-Term Obligations | 7. LONG-TERM OBLIGATIONS Long-term obligations consist of the following at September 30, 2015 and December 31, 2014: 2015 2014 2015 senior secured credit facilities due 2018 $ 90,000 $ — Debt issuance costs - 2015 senior secured credit facilities due 2018 (3,824 ) — 2010 senior credit facility term loan due 2016 — 322,700 Debt discount - 2010 senior credit facility term loan due 2016 — (1,014 ) Debt issuance costs - 2010 senior credit facility term loan due 2016 — (2,810 ) 6.25% convertible notes due 2018 104,000 114,000 Debt discount - 6.25% convertible notes due 2018 (5,141 ) (7,242 ) Debt issuance costs - 6.25% convertible notes due 2018 (1,132 ) (1,659 ) Capital leases and other long-term obligations 4,749 5,524 188,652 429,499 Less current portion (3,249 ) (15,521 ) Long-term obligations, net of current portion $ 185,403 $ 413,978 The above table reflects the Company’s refinancing activities described below and adoption of ASU 2015-03 in the third quarter of 2015. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented on the balance sheet as a direct deduction from the carrying amount of that debt. Unamortized debt issuance costs totaling $4,469 at December 31, 2014 have been reclassified from “Assets” to “Long-term obligations, net of current portion,” to conform to the current presentation as required by the update. As of September 30, 2015, the aggregate maturities of long-term obligations for each of the five years and thereafter subsequent to September 30, 2015, were as follows: 2015 (October 1 - December 31) $ 573 2016 (January 1 - December 31) 3,765 2017 (January 1 - December 31) 4,429 2018 (January 1 - December 31) 187,105 2019 (January 1 - December 31) 149 2020 (January 1 - December 31) 52 Thereafter 2,676 $ 198,749 2015 Senior Credit Facilities On September 14, 2015 (the “Closing Date”), the Company entered into a combined $100,000 of senior secured financing, including term loans totaling $90,000 and a $10,000 revolving credit facility (the “2015 Senior Credit Facilities”). The facilities consist of a $65,000 first lien term loan and a $10,000 revolving credit facility (the “First Lien Facility”) and a $25,000 second lien term loan (the “Second Lien Facility”) (together the “2015 Senior Credit Agreements” or “Agreements”). The Company utilized proceeds from the 2015 Senior Credit Facilities and cash on hand to repay in full its 2010 Senior Credit Facility, repurchase a portion of its 6.25% Convertible Notes due 2018 (the “6.25% Notes”) and fund transaction fees and expenses associated with the 2015 Senior Credit Facilities totaling $3,895, which were deferred and will be charged to interest expense over the terms of the Agreements. The term loan component of the First Lien Facility bears interest at LIBOR plus 4.5% per annum, with a LIBOR minimum of 1.0%. Draws on the revolving credit component of the First Lien Facility bear interest at LIBOR plus 4.5%, with a LIBOR minimum of 1.0% and a commitment fee of 0.25% on the average daily unused portion. The revolving credit component of the First Lien Facility was undrawn as of September 30, 2015. The Second Lien Facility bears interest at LIBOR plus 8.5% per annum, with a LIBOR minimum of 1.0%. At current LIBOR rates, the weighted interest rate on the term loan portion of the 2015 Senior Credit Facilities is 6.61%. Unless extended as described below, quarterly principal payments on the term loan component of the First Lien Facility are $250 in the fourth quarter of 2015, $750 in each quarter of 2016, and $1,000 in each quarter of 2017. The remaining principal balance, including any amounts outstanding under the revolving credit facility, is due in its entirety on January 2, 2018. Unless extended as described below, the Second Lien Facility is due in its entirety on March 3, 2018, and may be prepaid in whole or in part at the Company’s option prior to maturity. The First Lien Facility may be extended to June 30, 2020 and the Second Lien Facility may be extended to September 30, 2020 if the Company (i) has refinanced or repurchased its 6.25% Notes such that no more than $30,000 of principal amount is outstanding (with cash available for their repayment at maturity) and any replacement notes have a maturity date not earlier than December 31, 2020, (ii) has achieved certain liquidity requirements, and (iii) is otherwise compliant with the terms of the 2015 Senior Credit Facilities. In the event the 2015 Senior Credit Facilities are extended, the quarterly principal payments on the term loan component of the First Lien Facility are $250 in the fourth quarter of 2015, $750 in each quarter of 2016, $1,000 in each quarter of 2017, $1,250 in each quarter of 2018, and $1,500 in each quarter of 2019 and the first quarter of 2020. The remaining principal balance, including any amounts outstanding under the revolving credit facility, is due in its entirety on June 30, 2020. The Second Lien Facility is due in its entirety on September 30, 2020, and may be prepaid in whole or in part at the Company’s option prior to maturity. The obligations under the 2015 Senior Credit Facilities will be secured by perfected first and second line priority security interests in substantially all of the Company’s and its direct and indirect subsidiary’s tangible and intangible assets, subject to certain agreed exceptions. The 2015 Senior Credit Facilities contain customary representations, warranties and covenants, including covenants limiting the incurrence of debt and the payment of dividends. Financial covenants (i) impose maximum net total leverage and senior leverage to annual EBITDA ratios, and (ii) require a minimum annual EBITDA to debt service coverage obligations ratio. All terms are defined in the Agreements. The 2015 Senior Credit Facilities provide for events of default customary for credit facilities of this type, including non-payment defaults on other debt, misrepresentation, breach of covenants, representations and warranties, change of control, and insolvency and bankruptcy. Upon the occurrence of an event of default, and for so long as it continues, the Administrative Agent upon request of the Required Lenders (both as defined in the Agreements) may increase the interest rate then in effect on all outstanding obligations by 2.0%. Upon an event of default relating to insolvency, bankruptcy or receivership, the amounts outstanding under the 2015 Senior Credit Facilities will become immediately due and payable. Upon the occurrence and continuation of any other event of default, the Administrative Agent, upon request of the Required Lenders, may accelerate payment of all obligations. Under the terms of the First Lien Facility, the Company must, within ninety days of the Closing Date, enter into or obtain an interest rate hedge sufficient to effectively fix or limit the interest rate on borrowings of a minimum of $45,000 for a weighted average life of at least two years. Such interest rate hedge had not been entered into as of September 30, 2015. See Note 5 “ Fair Value Measurements 2010 Senior Credit Facility In the third quarter of 2015, the Company utilized proceeds from its 2015 Senior Credit Facilities described above and cash on hand to repay, in full, its 2010 Senior Credit Facility, including accrued interest and fees, of $81,526. The Company recorded a loss of $1,312 on the extinguishment of debt associated with the repayment of the 2010 Senior Credit Facility. The loss included the write off of unamortized discounts and debt issuance costs, and third-party fees. The 2010 Senior Credit Facility was due in 2016. 6.25% Convertible Notes Due 2018 In the third quarter of 2015, the Company utilized proceeds from its 2015 Senior Credit Facilities described above and cash on hand to repurchase a portion of its 6.25% Notes in the total principal amount of $10,000. The total cash settlement of $10,572 included accrued interest, transaction fees and premium. The Company recorded a loss of $938 on the extinguishment of this debt, including the write off of unamortized discounts and debt issuance costs, third-party fees and premium. |
Other Long-Term Liabilities
Other Long-Term Liabilities | 9 Months Ended |
Sep. 30, 2015 | |
Payables and Accruals [Abstract] | |
Other Long-Term Liabilities | 8. OTHER LONG-TERM LIABILITIES Other long-term liabilities consist of the following at September 30, 2015 and December 31, 2014: 2015 2014 Deferred GCI capacity revenue, net of current portion $ 37,858 $ — Other deferred IRU capacity revenue, net of current portion 4,941 3,335 Other 18,977 21,035 $ 61,776 $ 24,370 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Loss | 9 Months Ended |
Sep. 30, 2015 | |
Equity [Abstract] | |
Accumulated Other Comprehensive Loss | 9. ACCUMULATED OTHER COMPREHENSIVE LOSS The following table summarizes the activity in accumulated other comprehensive loss for the nine month period ended September 30, 2015: Defined Interest Total Balance, December 31, 2014 $ (3,639 ) $ (1,512 ) $ (5,151 ) Other comprehensive income before reclassifications 36 352 388 Reclassifications from accumulated comprehensive loss to net income 483 1,160 1,643 Net other comprehensive income 519 1,512 2,031 Balance, September 30, 2015 $ (3,120 ) $ — $ (3,120 ) 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-affiliates” and “Interest expense,” respectively, in our Condensed Consolidated Statements of Comprehensive Income. The estimated amount of accumulated other comprehensive loss to be reclassified to interest expense within the next twelve months is zero. |
Stock Incentive Plans
Stock Incentive Plans | 9 Months Ended |
Sep. 30, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Stock Incentive Plans | 10. STOCK INCENTIVE PLANS Under the Company’s stock incentive plan, stock options, restricted stock, stock-settled stock appreciation rights, performance share units and other awards may be granted to officers, employees, consultants, and non-employee directors. 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, 2015: Number Weighted Value Nonvested at December 31, 2014 1,299 $ 2.30 Granted 1,177 1.84 Vested (659 ) 2.70 Canceled or expired (252 ) 1.96 Nonvested at September 30, 2015 1,565 $ 1.84 The following table summarizes the performance share unit activity for the nine month period ended September 30, 2015: Number Weighted Value Nonvested at December 31, 2014 790 $ 3.32 Granted 1,110 2.00 Vested (257 ) 1.70 Canceled or expired (378 ) 1.96 Nonvested at September 30, 2015 1,265 $ 2.90 The following table summarizes the assumptions used for valuation of equity instruments granted during the nine month periods ended September 30, 2015 and 2014: 2015 2014 Restricted stock: Risk free rate 0.0 0% 0.03% - 0.23% Expected annual forfeiture rate 9% 9% The following table provides selected information about the Company’s share-based compensation as of and for the three and nine month periods ended September 30, 2015 and 2014: Three Months Ended Nine Months Ended 2015 2014 2015 2014 Total compensation cost for share-based payments $ 619 $ 684 $ 1,898 $ 1,877 Weighted average grant-date fair value of equity instruments granted (per share) $ 2.21 $ 1.57 $ 1.92 $ 1.54 Total grant date fair value of shares vested during the period $ 70 $ 129 $ 2,540 $ 2,958 At September 30: Unamortized share-based payments $ 2,585 $ 1,810 Weighted average period (in years) to be recognized as expense 1.5 1.5 |
Earnings Per Share
Earnings Per Share | 9 Months Ended |
Sep. 30, 2015 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | 11. 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 assumes no dilution and is computed by dividing net income (loss) attributable to ACS 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, restricted stock granted to employees and deferred shares granted to directors. The Company includes dilutive stock options based on the “treasury stock method.” The Company’s 6.25% Notes are convertible by the holder beginning February 1, 2018 at an initial conversion rate of 97.2668 shares of common stock per one thousand dollars principal amount of the 6.25% Notes. This is equivalent to an initial conversion price of approximately $10.28 per share of common stock. Given that the Company’s current share price is well below $10.28, the Company does not anticipate that there will be a conversion of the 6.25% Notes into equity. Effective in the first quarter of 2015, the Company determined that it has the intent and ability to settle the principal and interest payments on its 6.25% Notes in cash over time. This determination was based on (i) the Company’s improved liquidity position subsequent to the Wireless Sale, including its performance against the financial ratios defined under the terms of its 2010 Senior Credit Facility, reduced levels of debt and increased availability under its revolving credit facility; (ii) its intention to, and subsequent successful completion of, the refinancing its term loan facility to provide additional borrowing flexibility; and (iii) its expectations of future operating performance. Accordingly, 10,951 and 11,042 shares related to the 6.25% Notes have been excluded from the calculation of diluted earnings per share for the three and nine month periods ended September 30, 2015, respectively. In the third quarter of 2015, the Company extinguished 6.25% Notes in the principal amount of $10,000. See Note 7 “ Long-Term Obligations In connection with the Company’s acquisition of the remaining 51% interest in TekMate, LLC (“TekMate”), $800 was payable at the Company’s option either in cash or issuance of common stock in 2014. The Company determined in the second quarter of 2014 to settle this liability in cash, which was then paid on July 15, 2014. Accordingly, these potential share equivalents were not included in earnings per share as potential common stock equivalents for the three and nine month periods ended September 30, 2014. Additionally, 11,088 shares related to the Company’s 6.25% 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, 2015 and 2014 are as follows: Three Months Ended Nine Months Ended 2015 2014 2015 2014 Net income attributable to ACS $ 1,239 $ 1,878 $ 12,615 $ 2,578 Weighted average common shares outstanding: Basic shares 50,399 49,498 50,191 49,265 Effect of stock-based compensation 1,189 657 1,055 465 Diluted shares 51,588 50,155 51,246 49,730 Net income per share attributable to ACS: Basic $ 0.02 $ 0.04 $ 0.25 $ 0.05 Diluted $ 0.02 $ 0.04 $ 0.25 $ 0.05 |
Retirement Plans
Retirement Plans | 9 Months Ended |
Sep. 30, 2015 | |
Compensation and Retirement Disclosure [Abstract] | |
Retirement Plans | 12. 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. 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. As of September 30, 2015, this plan is not fully funded under the Employee Retirement Income Security Act of 1974, as amended. The following table presents the net periodic pension expense for the ACS Retirement Plan for the three and nine month periods ended September 30, 2015 and 2014: Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Interest cost $ 165 $ 166 $ 496 $ 498 Expected return on plan assets (186 ) (187 ) (559 ) (562 ) Amortization of loss 294 134 882 402 Net periodic pension expense $ 273 $ 113 $ 819 $ 338 |
Supplemental Cash Flow Informat
Supplemental Cash Flow Information | 9 Months Ended |
Sep. 30, 2015 | |
Supplemental Cash Flow Elements [Abstract] | |
Supplemental Cash Flow Information | 13. SUPPLEMENTAL CASH FLOW INFORMATION The following table presents supplemental non-cash transaction and nonmonetary exchange information for the nine month periods ended September 30, 2015 and 2014: 2015 2014 Supplemental Non-cash Transactions: Capital expenditures incurred but not yet paid at September 30 $ 10,852 $ 7,379 Property acquired under capital leases $ 20 $ 390 Additions to ARO asset $ 247 $ 306 Accrued acquisition purchase price $ (291 ) $ 291 Other assets and liabilities, net $ 228 $ — Net change in restricted cash $ (228 ) $ — Assets contributed to joint venture by noncontrolling interest $ 922 $ — Note receivable on sale of asset $ 2,650 $ — Nonmonetary Exchanges: Property, plant and equipment $ 710 $ — Deferred revenue $ (2,310 ) $ — Prepaid expenses $ 1,600 $ — IRUs received $ 2,765 $ — IRUs relinquished $ (2,765 ) $ — |
Business Segments
Business Segments | 9 Months Ended |
Sep. 30, 2015 | |
Segment Reporting [Abstract] | |
Business Segments | 14. 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, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 15. COMMITMENTS AND CONTINGENCIES The Company enters into purchase commitments with vendors in the ordinary course of business. 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 is involved in various claims, legal actions and regulatory proceedings arising in the ordinary course of business. The Company establishes an accrual when a particular contingency is probable and estimable, and has recorded litigation accruals of $647 at September 30, 2015 against certain current claims and legal actions. 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. 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 Su23
Description of Company and Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2015 | |
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 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and 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, 2014. 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 the rules and regulations of the SEC. The Company believes the disclosures made are adequate to make the information presented not misleading. The Company has consolidated the financial results of the joint venture with QHL based on its determination that, for accounting purposes, it holds a controlling financial interest in the joint venture and is the primary beneficiary of this variable interest entity. The Company has accounted for and reported QHL’s 50% ownership interest in the joint venture as a noncontrolling interest. See Note 3 “ Joint Venture 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. Comprehensive income for the three and nine months ended September 30, 2015, 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, 2014 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 year financial statements to conform to the current year presentation. |
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. |
Recently Adopted Accounting Pronouncements | Recently Adopted Accounting Pronouncements In the third quarter of 2015, the Company adopted the provisions of Accounting Standards Update (“ASU”) No. 2015-03, “ Interest – Imputation of Interest (Subtopic 835-30), Simplifying the Presentation of Debt Issuance Costs Long-Term Obligations In the third quarter of 2015, the Company adopted the provisions of ASU No. 2015-15, “ Interest – Imputation of Interest (Subtopic 835-30), Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements – Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting Long-Term Obligations |
Accounting Pronouncements Issued Not Yet Adopted | Accounting Pronouncements Issued Not Yet Adopted In February 2015, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2015-02, “ Consolidation (Topic 810), Amendments to the Consolidation Analysis” In April 2015, the FASB issued ASU No. 2015-04, “ Compensation – Retirement Benefits (Topic 715), Practical Expedient for the Measurement Date of an Employer’s Defined Benefit Obligation and Plan Assets In April 2015, the FASB issued ASU No. 2015-05, “ Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40), Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement On May 28, 2014, the FASB issued ASU No. 2014-09, “ Revenue from Contracts with Customers (Topic 606) In September 2015, the FASB issued ASU No. 2015-16, “ Business Combinations (Topic 805), Simplifying the Accounting for Measurement-Period Adjustments |
Fair Value Measurements | The Company has developed valuation techniques based upon observable and unobservable inputs to calculate the fair value of non-current monetary assets and liabilities. Observable inputs reflect market data obtained from independent sources while unobservable inputs reflect 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. • Level 3- Significant inputs to the valuation model are unobservable. |
Sale of Wireless Operations (Ta
Sale of Wireless Operations (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Components of Gain on Sale of Assets | The following table provides the calculation of the gain: Consideration: Cash $ 44,688 Cash held in escrow 228 Principal payment on 2010 Senior Credit Facility 240,472 Total consideration 285,388 Carrying value of assets and liabilities sold: Equity investment in AWN 250,192 Assets and liabilities, net 5,349 Net change in deferred capacity revenue (18,385 ) Total carrying value of assets and liabilities sold 237,156 Gain on disposal of assets $ 48,232 |
Schedule of Reconciliation of Major Classes of Assets and Liabilities Held for Sale | The following table provides a reconciliation of the major classes of assets and liabilities included in the Consolidated Balance Sheet under the captions “Current assets held-for-sale”, “Non-current assets held-for-sale,” “Current liabilities held-for-sale” and “Non-current liabilities held-for-sale” at December 31, 2014. There were no assets or liabilities held for sale at September 30, 2015. December 31, Current assets: Accounts receivable, non-affiliates, net $ 7,607 Materials and supplies 1,958 Total current assets held-for-sale $ 9,565 Property, plant and equipment, net of accumulated depreciation of $8,835 14,664 Total non-current assets held-for-sale $ 14,664 Current liabilities: Current portion of long-term obligations $ 287 Accounts payable, accrued and other current liabilities, non-affiliates 301 Accounts payable, accrued and other current liabilities, affiliates, net 14,411 Advance billings and customer deposits 3,729 Total current liabilities held-for-sale $ 18,728 Long-term obligations, net of current portion 2,107 Total non-current liabilities held-for-sale $ 2,107 |
Schedule of Company's Current Obligations for Exit Activities | The following table summarizes the Company’s current obligations for exit activities, including costs accounted for under both ASU 420 and ASU 712, as of and for the nine month period ended September 30, 2015: Labor Contract Other Total Balance, December 31, 2014 $ 490 $ — $ — $ 490 Charged to expense 5,758 3,966 294 10,018 Paid and/or settled (5,103 ) (3,966 ) (285 ) (9,354 ) Balance, September 30, 2015 $ 1,145 $ — $ 9 $ 1,154 |
Joint Venture (Tables)
Joint Venture (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Text Block [Abstract] | |
Schedule of Certain Financial Information about Joint Venture Included in Company's Consolidated Balance Sheet | The table below provides certain financial information about the Joint Venture included in the Company’s consolidated balance sheet at September 30, 2015. Cash may only be utilized to settle obligations of the Joint Venture: September 30, Cash $ 359 Fiber and IRUs, net of accumulated depreciation of $38 $ 2,266 |
Equity Method Investments (Tabl
Equity Method Investments (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
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 AWN at the dates indicated: September 30, December 31, 2015 2014 Ownership Ownership September 30, December 31, Alaska Wireless Network, LLC 0 % 33.33 % $ — $ 252,067 |
Summarized Financial Information | Summarized financial information for AWN for the periods during which the Company had an ownership interest is as follows: September 30, December 31, Current assets $ — $ 139,237 Non-current assets $ — $ 554,608 Current liabilities $ — $ 91,247 Non-current liabilities $ — $ 21,505 Equity $ — $ 581,093 Three Months Ended Nine Months Ended 2015 2014 2015 2014 Operating revenues $ — $ 70,424 $ 21,457 $ 198,126 Gross profit $ — $ 52,375 $ 15,745 $ 142,078 Operating income $ — $ 35,941 $ 9,757 $ 92,153 Net income $ — $ 35,847 $ 9,722 $ 91,879 Adjusted Free Cash Flow (1) $ — $ 26,134 $ 10,805 $ 93,583 (1) Adjusted Free Cash Flow as defined in the Operating Agreement. |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Balances of Assets and Liabilities Measured at Fair Value on Recurring Basis | The following table presents the balances of assets and liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014, at each hierarchical level: September 30, 2015 December 31, 2014 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Other long-term liabilities: Interest rate swaps $ — $ — $ — $ — $ (1,416 ) $ — $ (1,416 ) $ — |
Schedule of Floating-to-Fixed Interest Rate Swaps | The following table presents information about the floating-to-fixed interest rate swaps in the total notional amount of $192,500 as of and for the nine month periods ending September 30, 2015 and 2014: 2015 2014 Balance, January 1 $ 1,416 $ 3,234 Reclassified from accumulated other comprehensive loss to other long-term liabilities (596 ) (1,347 ) Change in fair value credited to interest expense (820 ) — Balance, September 30 $ — $ 1,887 |
Schedule of Valuation Techniques to Measure Fair Value of Service Obligation and Significant Unobservable Inputs and Values | The following table describes the valuation techniques used to measure the fair value of the service obligation at February 2, 2015 and the significant unobservable inputs and values for those inputs: Description Estimated Valuation Technique Level 3 Unobservable Inputs Significant Deferred Capacity Revenue $ 41,287 Cost/Replacement Value and Discounted Cash Flow Weighted Average Cost of Capital Cost trend factor Estimated % used by GCI Historical cost of underlying assets 11.00% 1% - 4% 1% - 100% |
Schedule of Valuation Techniques to Measure Fair Value of Assets and Liabilities | The following table provides the fair value and describes the valuation techniques used to measure the fair value of the assets and liabilities recorded by the Company as of April 2, 2015, including those recognized through consolidation of the Joint Venture, and the significant unobservable inputs: Estimated Valuation Level 3 Description Fair Value Technique Unobservable Inputs IRU Assets $ 2,304 Cost Historical cost of underlying assets IRU Obligations $ 4,153 Cost Historical cost of underlying assets |
Schedule of Carrying Value of Assets and Liabilities | The carrying value of these items at September 30, 2015 was as follows: IRU Assets $ 2,266 IRU Obligations $ 4,126 |
Current Liabilities (Tables)
Current Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Payables and Accruals [Abstract] | |
Schedule of Accounts Payable, Accrued and Other Current Liabilities, Non-Affiliates | Accounts payable, accrued and other current liabilities, non-affiliates consist of the following at September 30, 2015 and December 31, 2014: 2015 2014 Accounts payable - trade $ 18,327 $ 25,672 Accrued payroll, benefits, and related liabilities 15,930 18,086 Note payable, non-interest bearing, due 2016 5,500 — Other 18,273 10,615 $ 58,030 $ 54,373 |
Schedule of Advance Billings and Customer Deposits | Advance billings and customer deposits consist of the following at September 30, 2015 and December 31, 2014: 2015 2014 Advance billings $ 4,572 $ 4,449 Customer deposits 31 41 $ 4,603 $ 4,490 |
Long-Term Obligations (Tables)
Long-Term Obligations (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Debt Disclosure [Abstract] | |
Schedule of Long-term Obligations | Long-term obligations consist of the following at September 30, 2015 and December 31, 2014: 2015 2014 2015 senior secured credit facilities due 2018 $ 90,000 $ — Debt issuance costs - 2015 senior secured credit facilities due 2018 (3,824 ) — 2010 senior credit facility term loan due 2016 — 322,700 Debt discount - 2010 senior credit facility term loan due 2016 — (1,014 ) Debt issuance costs - 2010 senior credit facility term loan due 2016 — (2,810 ) 6.25% convertible notes due 2018 104,000 114,000 Debt discount - 6.25% convertible notes due 2018 (5,141 ) (7,242 ) Debt issuance costs - 6.25% convertible notes due 2018 (1,132 ) (1,659 ) Capital leases and other long-term obligations 4,749 5,524 188,652 429,499 Less current portion (3,249 ) (15,521 ) Long-term obligations, net of current portion $ 185,403 $ 413,978 |
Schedule of Aggregate Maturities of Long-term Obligations | As of September 30, 2015, the aggregate maturities of long-term obligations for each of the five years and thereafter subsequent to September 30, 2015, were as follows: 2015 (October 1 - December 31) $ 573 2016 (January 1 - December 31) 3,765 2017 (January 1 - December 31) 4,429 2018 (January 1 - December 31) 187,105 2019 (January 1 - December 31) 149 2020 (January 1 - December 31) 52 Thereafter 2,676 $ 198,749 |
Other Long-Term Liabilities (Ta
Other Long-Term Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Payables and Accruals [Abstract] | |
Summary of Other Long-Term Liabilities | Other long-term liabilities consist of the following at September 30, 2015 and December 31, 2014: 2015 2014 Deferred GCI capacity revenue, net of current portion $ 37,858 $ — Other deferred IRU capacity revenue, net of current portion 4,941 3,335 Other 18,977 21,035 $ 61,776 $ 24,370 |
Accumulated Other Comprehensi31
Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
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, 2015: Defined Interest Total Balance, December 31, 2014 $ (3,639 ) $ (1,512 ) $ (5,151 ) Other comprehensive income before reclassifications 36 352 388 Reclassifications from accumulated comprehensive loss to net income 483 1,160 1,643 Net other comprehensive income 519 1,512 2,031 Balance, September 30, 2015 $ (3,120 ) $ — $ (3,120 ) |
Stock Incentive Plans (Tables)
Stock Incentive Plans (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
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, 2015: Number Weighted Value Nonvested at December 31, 2014 1,299 $ 2.30 Granted 1,177 1.84 Vested (659 ) 2.70 Canceled or expired (252 ) 1.96 Nonvested at September 30, 2015 1,565 $ 1.84 |
Summary of Activity for Performance Share Units | The following table summarizes the performance share unit activity for the nine month period ended September 30, 2015: Number Weighted Value Nonvested at December 31, 2014 790 $ 3.32 Granted 1,110 2.00 Vested (257 ) 1.70 Canceled or expired (378 ) 1.96 Nonvested at September 30, 2015 1,265 $ 2.90 |
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, 2015 and 2014: 2015 2014 Restricted stock: Risk free rate 0.0 0% 0.03% - 0.23% Expected annual forfeiture rate 9% 9% |
Share-Based Compensation | The following table provides selected information about the Company’s share-based compensation as of and for the three and nine month periods ended September 30, 2015 and 2014: Three Months Ended Nine Months Ended 2015 2014 2015 2014 Total compensation cost for share-based payments $ 619 $ 684 $ 1,898 $ 1,877 Weighted average grant-date fair value of equity instruments granted (per share) $ 2.21 $ 1.57 $ 1.92 $ 1.54 Total grant date fair value of shares vested during the period $ 70 $ 129 $ 2,540 $ 2,958 At September 30: Unamortized share-based payments $ 2,585 $ 1,810 Weighted average period (in years) to be recognized as expense 1.5 1.5 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
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, 2015 and 2014 are as follows: Three Months Ended Nine Months Ended 2015 2014 2015 2014 Net income attributable to ACS $ 1,239 $ 1,878 $ 12,615 $ 2,578 Weighted average common shares outstanding: Basic shares 50,399 49,498 50,191 49,265 Effect of stock-based compensation 1,189 657 1,055 465 Diluted shares 51,588 50,155 51,246 49,730 Net income per share attributable to ACS: Basic $ 0.02 $ 0.04 $ 0.25 $ 0.05 Diluted $ 0.02 $ 0.04 $ 0.25 $ 0.05 |
Retirement Plans (Tables)
Retirement Plans (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
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, 2015 and 2014: Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Interest cost $ 165 $ 166 $ 496 $ 498 Expected return on plan assets (186 ) (187 ) (559 ) (562 ) Amortization of loss 294 134 882 402 Net periodic pension expense $ 273 $ 113 $ 819 $ 338 |
Supplemental Cash Flow Inform35
Supplemental Cash Flow Information (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Supplemental Cash Flow Elements [Abstract] | |
Schedule of Supplemental Non-Cash Transaction and Nonmonetary Exchange Information | The following table presents supplemental non-cash transaction and nonmonetary exchange information for the nine month periods ended September 30, 2015 and 2014: 2015 2014 Supplemental Non-cash Transactions: Capital expenditures incurred but not yet paid at September 30 $ 10,852 $ 7,379 Property acquired under capital leases $ 20 $ 390 Additions to ARO asset $ 247 $ 306 Accrued acquisition purchase price $ (291 ) $ 291 Other assets and liabilities, net $ 228 $ — Net change in restricted cash $ (228 ) $ — Assets contributed to joint venture by noncontrolling interest $ 922 $ — Note receivable on sale of asset $ 2,650 $ — Nonmonetary Exchanges: Property, plant and equipment $ 710 $ — Deferred revenue $ (2,310 ) $ — Prepaid expenses $ 1,600 $ — IRUs received $ 2,765 $ — IRUs relinquished $ (2,765 ) $ — |
Description of Company and Su36
Description of Company and Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands | Apr. 02, 2015 | Feb. 02, 2015 | Sep. 30, 2015 | Feb. 01, 2015 | Dec. 31, 2014 |
Significant Accounting Policies [Line Items] | |||||
Percentage of ownership interest sold in wireless operation | 33.33% | ||||
Noncontrolling Interests [Member] | |||||
Significant Accounting Policies [Line Items] | |||||
Reclassified debt issuance costs from assets to long-term obligations, net of current portion | $ 4,469 | ||||
Noncontrolling Interests [Member] | Quintillion Holdings, LLC [Member] | |||||
Significant Accounting Policies [Line Items] | |||||
Percentage ownership interest in joint venture | 50.00% | ||||
Alaska Wireless Network, LLC [Member] | |||||
Significant Accounting Policies [Line Items] | |||||
Percentage ownership interest in equity method investment | 0.00% | 33.33% | 33.33% | ||
ACS Cable Systems LLC and Quintillion Holdings, LLC Joint Venture [Member] | |||||
Significant Accounting Policies [Line Items] | |||||
Percentage ownership interest in joint venture | 50.00% | 50.00% |
Sale of Wireless Operations - A
Sale of Wireless Operations - Additional Information (Detail) | Feb. 02, 2015USD ($) | Dec. 04, 2014USD ($) | May. 31, 2015USD ($) | Dec. 31, 2015USD ($) | Sep. 30, 2015USD ($) | Sep. 30, 2015USD ($)SegmentsReporting_Unit | Aug. 04, 2015USD ($) | Dec. 31, 2014USD ($) |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Cash proceeds from sale of one or more of its affiliates | $ 285,160,000 | $ 300,000,000 | ||||||
Adjustments for working capital assets and liabilities, minimum subscriber levels and preferred distributions | 14,612,000 | |||||||
Cash held in escrow | 228,000 | $ 228,000 | $ 228,000 | $ 228,000 | ||||
Amount of gain on sale, pre-tax | $ 48,232,000 | |||||||
Escrow disbursement released related to sale of wireless operations | 7,092,000 | |||||||
Estimated amount of fair value of services | 4,769,000 | |||||||
Estimated amount of gain on sale | 522,000 | |||||||
Number of operating segment | Segments | 1 | |||||||
Number of reporting unit | Reporting_Unit | 1 | |||||||
Assets held for sale | 0 | $ 0 | ||||||
Liabilities held for sale | 0 | 0 | ||||||
Equity method investments | 0 | 0 | $ 252,067,000 | |||||
Deferred AWN capacity revenue | 59,672,000 | |||||||
Estimated fair value services | $ 41,287,000 | |||||||
Federal and state net operating loss and state alternative minimum tax credits carryforwards | 89,542,000 | 89,542,000 | ||||||
Non current deferred tax liabilities related to investment in AWN | 70,577,000 | 70,577,000 | ||||||
Operating leases remaining terms | 11 years | |||||||
Transaction related costs | $ 12,629,000 | |||||||
GCI [Member] | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Escrow disbursement released related to sale of wireless operations | 1,680,000 | |||||||
Cash payment received for completion of transition support service | $ 1,680,000 | |||||||
Remaining contract life | 30 years | |||||||
Estimated fair value services | 41,287,000 | $ 41,287,000 | ||||||
2010 Senior Credit Facility Term Loan Due 2016 [Member] | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Long term debt repayment of principal amount | $ 240,472,000 | 240,472,000 | ||||||
Debt discount | $ 721,000 | 721,000 | ||||||
Debt issuance costs | $ 1,907,000 | |||||||
Wireless Operations [Member] | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Operating lease remaining contract value | 2,797,000 | |||||||
Scenario Forecast [Member] | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Additional costs associated with labor related action | $ 220,000 | |||||||
Alaska Wireless Network, LLC [Member] | ||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
Equity method investments | $ 250,192,000 | $ 252,067,000 | ||||||
Remaining contract life | 20 years |
Sale of Wireless Operations - C
Sale of Wireless Operations - Components of Gain on Sale of Assets (Detail) - USD ($) $ in Thousands | Feb. 02, 2015 | Sep. 30, 2015 | Aug. 04, 2015 |
Consideration: | |||
Cash | $ 44,688 | ||
Cash held in escrow | $ 228 | 228 | $ 228 |
Total consideration | 285,388 | ||
Carrying value of assets and liabilities sold: | |||
Assets and liabilities, net | 5,349 | ||
Net change in deferred capacity revenue | (18,385) | ||
Total carrying value of assets and liabilities sold | 237,156 | ||
Gain on disposal of assets | 48,232 | ||
2010 Senior Credit Facility Term Loan Due 2016 [Member] | |||
Consideration: | |||
Principal payment on 2010 Senior Credit Facility | $ 240,472 | 240,472 | |
Alaska Wireless Network, LLC [Member] | |||
Carrying value of assets and liabilities sold: | |||
Equity investment | $ 250,192 |
Sale of Wireless Operations - S
Sale of Wireless Operations - Schedule of Reconciliation of Major Classes of Assets and Liabilities Held for Sale (Detail) $ in Thousands | Dec. 31, 2014USD ($) |
Current assets: | |
Accounts receivable, non-affiliates, net | $ 7,607 |
Materials and supplies | 1,958 |
Total current assets held-for-sale | 9,565 |
Property, plant and equipment, net of accumulated depreciation of $8,835 | 14,664 |
Total non-current assets held-for-sale | 14,664 |
Current liabilities: | |
Current portion of long-term obligations | 287 |
Advance billings and customer deposits | 3,729 |
Total current liabilities held-for-sale | 18,728 |
Total non-current liabilities held-for-sale | 2,107 |
Total non-current liabilities held-for-sale | 2,107 |
Non-affiliates [Member] | |
Current liabilities: | |
Accounts payable, accrued and other current liabilities | 301 |
Affiliates [Member] | |
Current liabilities: | |
Accounts payable, accrued and other current liabilities | $ 14,411 |
Sale of Wireless Operations -40
Sale of Wireless Operations - Schedule of Reconciliation of Major Classes of Assets and Liabilities Held for Sale (Parenthetical) (Detail) $ in Thousands | Dec. 31, 2014USD ($) |
Discontinued Operations and Disposal Groups [Abstract] | |
Accumulated depreciation of property, plant and equipment, net | $ 8,835 |
Sale of Wireless Operations -41
Sale of Wireless Operations - Schedule of Company's Current Obligations for Exit Activities (Detail) $ in Thousands | 9 Months Ended |
Sep. 30, 2015USD ($) | |
Restructuring Cost and Reserve [Line Items] | |
Balance, December 31, 2014 | $ 490 |
Charged to expense | 10,018 |
Paid and/or settled | (9,354) |
Balance, September 30, 2015 | 1,154 |
Labor Obligations [Member] | |
Restructuring Cost and Reserve [Line Items] | |
Balance, December 31, 2014 | 490 |
Charged to expense | 5,758 |
Paid and/or settled | (5,103) |
Balance, September 30, 2015 | 1,145 |
Contract Terminations [Member] | |
Restructuring Cost and Reserve [Line Items] | |
Charged to expense | 3,966 |
Paid and/or settled | (3,966) |
Other Associated Obligations [Member] | |
Restructuring Cost and Reserve [Line Items] | |
Charged to expense | 294 |
Paid and/or settled | (285) |
Balance, September 30, 2015 | $ 9 |
Joint Venture - Additional Info
Joint Venture - Additional Information (Detail) - USD ($) | Apr. 02, 2015 | Sep. 30, 2015 |
Investment [Line Items] | ||
Note receivable on sale of asset | $ 2,650,000 | |
Gain or loss recorded on initial consolidation of Joint Venture | $ 0 | |
IRU [Member] | ||
Investment [Line Items] | ||
Contribution to Joint Venture | $ 1,844,000 | |
Cash Contribution to Joint Venture | $ 250,000 | |
Quintillion Holdings, LLC [Member] | ||
Investment [Line Items] | ||
Term of indefeasible right of use | 30 years | |
Sale price of fiber strands | $ 5,300,000 | |
Payment received in connection with sale of 46 fiber strands from the Fiber Optic System at closing date | 2,650,000 | |
Note receivable on sale of asset | 2,650,000 | |
Quintillion Holdings, LLC [Member] | IRU [Member] | ||
Investment [Line Items] | ||
Contribution to Joint Venture | 922,000 | |
Cash Contribution to Joint Venture | 250,000 | |
ACS [Member] | IRU [Member] | ||
Investment [Line Items] | ||
Contribution to Joint Venture | 922,000 | |
Additional Contribution to Joint Venture | 461,000 | |
ConocoPhillips Alaska, Inc. [Member] | ||
Investment [Line Items] | ||
Purchase price of fiber strand optic cable | 11,000,000 | |
Purchase price paid at closing | 5,500,000 | |
Note payable on asset purchase | $ 5,500,000 | |
Term of fibers indefeasible right of use sold to CPAI | The Company, through its wholly-owned subsidiary ACS Cable Systems, LLC, acquired from CPAI a fiber optic cable (including conduit, licenses, permits and right-of-ways) running from the Kuparuk Operating Center to the Trans-Alaska Pipeline System Pump Station #1 (the “Fiber Optic System”). The purchase price was $11,000, $5,500 of which was paid by the Company at closing and the balance of which is payable on or before April 4, 2016. The Company sold to CPAI a 30 year indefeasible right of use (“IRU”) on certain fibers from the Fiber Optic System. The sales price was $400, all of which was paid by CPAI at closing. The Company and CPAI also entered into agreements for the exchange of IRUs, pipeline access, conduit and future capacity, and the prepayment of certain fees and services. | |
Term of indefeasible right of use | 30 years | |
Sale price of indefeasible right of use of fibers to CPAI | $ 400,000 | |
ACS Cable Systems LLC and Quintillion Holdings, LLC Joint Venture [Member] | ||
Investment [Line Items] | ||
Voting interest in joint venture | 50.00% | 50.00% |
ACS Cable Systems LLC and Quintillion Holdings, LLC Joint Venture [Member] | Quintillion Holdings, LLC [Member] | ||
Investment [Line Items] | ||
Voting interest in joint venture | 50.00% |
Joint Venture - Schedule of Cer
Joint Venture - Schedule of Certain Financial Information about Joint Venture Included in Company's Consolidated Balance Sheet (Detail) $ in Thousands | Sep. 30, 2015USD ($) |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract] | |
Cash | $ 359 |
IRU Assets, net of accumulated depreciation of $38 | $ 2,266 |
Joint Venture - Schedule of C44
Joint Venture - Schedule of Certain Financial Information about Joint Venture Included in Company's Consolidated Balance Sheet (Parenthetical) (Detail) $ in Thousands | Sep. 30, 2015USD ($) |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract] | |
Accumulated depreciation of IRU Assets, net | $ 38 |
Equity Method Investments - Add
Equity Method Investments - Additional Information (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Feb. 02, 2015 | Feb. 01, 2015 | Dec. 31, 2014 |
Schedule of Equity Method Investments [Line Items] | ||||
Equity method investments | $ 0 | $ 252,067 | ||
Alaska Wireless Network, LLC [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Percentage ownership interest in equity method investment | 0.00% | 33.33% | 33.33% | |
Equity method investments | $ 250,192 | $ 252,067 |
Equity Method Investments - Sch
Equity Method Investments - Schedule of Company's Ownership Interest and Investment (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Feb. 02, 2015 | Feb. 01, 2015 | Dec. 31, 2014 |
Schedule of Equity Method Investments [Line Items] | ||||
Equity method investments | $ 0 | $ 252,067 | ||
Alaska Wireless Network, LLC [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Percentage ownership interest in equity method investment | 0.00% | 33.33% | 33.33% | |
Equity method investments | $ 250,192 | $ 252,067 |
Equity Method Investments - Sum
Equity Method Investments - Summarized Financial Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | |
Schedule of Equity Method Investments [Line Items] | |||||
Current assets | $ 94,378 | $ 94,378 | $ 187,782 | ||
Current liabilities | 65,882 | 65,882 | 97,965 | ||
Equity | 152,135 | 152,135 | 135,126 | ||
Operating revenues | 54,735 | $ 78,465 | 176,186 | $ 237,354 | |
Operating income | 8,178 | 11,668 | 43,116 | 30,644 | |
Net income | $ 1,239 | 1,878 | 12,615 | 2,578 | |
Alaska Wireless Network, LLC [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Current assets | 139,237 | ||||
Non-current assets | 554,608 | ||||
Current liabilities | 91,247 | ||||
Non-current liabilities | 21,505 | ||||
Equity | $ 581,093 | ||||
Operating revenues | 70,424 | 21,457 | 198,126 | ||
Gross profit | 52,375 | 15,745 | 142,078 | ||
Operating income | 35,941 | 9,757 | 92,153 | ||
Net income | 35,847 | 9,722 | 91,879 | ||
Adjusted Free Cash Flow | $ 26,134 | $ 10,805 | $ 93,583 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Detail) - USD ($) | Sep. 30, 2015 | Sep. 14, 2015 | Feb. 02, 2015 | Dec. 04, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Long-term obligations | $ 188,652,000 | $ 188,652,000 | $ 429,499,000 | ||||
Notional amounts of floating-to-fixed interest rate swaps, one | 115,500,000 | ||||||
Notional amounts of floating-to-fixed interest rate swaps, two | $ 77,000,000 | ||||||
Interest rate of floating-to-fixed interest rate swaps, one | 7.22% | 7.22% | |||||
Interest rate of floating-to-fixed interest rate swaps, two | 7.225% | 7.225% | |||||
LIBOR spread | 4.75% | 4.75% | |||||
Commencing swap date | Jun. 30, 2012 | ||||||
Expiration Date | Sep. 30, 2015 | ||||||
Notional amounts of floating-to-fixed interest rate swaps, over-hedged | $ 110,268,000 | ||||||
Notional amounts of floating-to-fixed interest rate swaps, over-hedged percentage | 95.50% | ||||||
Change in fair value credited to interest expense | $ 820,000 | ||||||
Notional amounts of floating-to-fixed interest rate swaps | $ 192,500,000 | $ 192,500,000 | |||||
Estimated Fair Value | $ 41,287,000 | ||||||
Service obligation | 39,929,000 | 39,929,000 | |||||
Minimum [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Amortized to revenue contract life | 10 years | ||||||
Maximum [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Amortized to revenue contract life | 30 years | ||||||
Estimated Value [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Fair value of long-term obligations | $ 195,091,000 | $ 195,091,000 | |||||
2010 Senior Credit Facility Term Loan Due 2016 [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Amount of Senior Credit Facility to be paid related to sale | $ 240,472,000 | ||||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Notional amounts of floating-to-fixed interest rate swaps | $ 115,500,000 | ||||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | Minimum [Member] | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Interest rate on borrowings | $ 45,000,000 | ||||||
Weighted average life of required future interest rate swaps | 2 years |
Fair Value Measurements - Balan
Fair Value Measurements - Balances of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Interest Rate Swaps [Member] - USD ($) $ in Thousands | Dec. 31, 2014 | Sep. 30, 2014 | Dec. 31, 2013 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other long-term liabilities | $ (1,416) | $ (1,887) | $ (3,234) |
Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other long-term liabilities | $ (1,416) |
Fair Value Measurements - Sched
Fair Value Measurements - Schedule of Floating-to-Fixed Interest Rate Swaps (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Sep. 30, 2015 | Sep. 30, 2014 |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Change in fair value credited to interest expense | $ 820 | ||
Interest Rate Swaps [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Beginning Balance | $ 1,416 | $ 3,234 | |
Reclassified from accumulated other comprehensive loss to other long-term liabilities | (596) | (1,347) | |
Change in fair value credited to interest expense | $ (820) | ||
Ending Balance | $ 1,887 |
Fair Value Measurements - Sch51
Fair Value Measurements - Schedule of Valuation Techniques to Measure Fair Value of Service Obligation and Significant Unobservable Inputs and Values (Detail) $ in Thousands | Feb. 02, 2015USD ($) |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |
Estimated Fair Value | $ 41,287 |
Level 3 [Member] | Deferred Capacity Revenue [Member] | Cost/Replacement Value and Discounted Cash Flow [Member] | Weighted Average Cost of Capital [Member] | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |
Estimated Fair Value | $ 41,287 |
Valuation Technique | Cost/Replacement Value and Discounted Cash Flow |
Significant Input Values, rate | 11.00% |
Level 3 [Member] | Deferred Capacity Revenue [Member] | Cost/Replacement Value and Discounted Cash Flow [Member] | Cost trend factor [Member] | Minimum [Member] | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |
Significant Input Values, rate | 1.00% |
Level 3 [Member] | Deferred Capacity Revenue [Member] | Cost/Replacement Value and Discounted Cash Flow [Member] | Cost trend factor [Member] | Maximum [Member] | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |
Significant Input Values, rate | 4.00% |
Level 3 [Member] | Deferred Capacity Revenue [Member] | Cost/Replacement Value and Discounted Cash Flow [Member] | Estimated % used by GCI [Member] | Minimum [Member] | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |
Significant Input Values, rate | 1.00% |
Level 3 [Member] | Deferred Capacity Revenue [Member] | Cost/Replacement Value and Discounted Cash Flow [Member] | Estimated % used by GCI [Member] | Maximum [Member] | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |
Significant Input Values, rate | 100.00% |
Level 3 [Member] | Deferred Capacity Revenue [Member] | Cost/Replacement Value and Discounted Cash Flow [Member] | Historical cost of underlying assets [Member] | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |
Significant Input Values, description | Actual cost |
Fair Value Measurements - Sch52
Fair Value Measurements - Schedule of Valuation Techniques to Measure Fair Value of Assets and Liabilities (Detail) - Level 3 [Member] - Valuation Technique Replacement Value [Member] - Historical cost of underlying assets [Member] $ in Thousands | Apr. 02, 2015USD ($) |
Estimated Value [Member] | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |
IRU Assets | $ 2,304 |
IRU Obligations | $ 4,153 |
IRU Obligations [Member] | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |
Valuation Technique | Cost |
IRU Assets [Member] | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |
Valuation Technique | Cost |
Fair Value Measurements - Sch53
Fair Value Measurements - Schedule of Carrying Value of Assets and Liabilities (Detail) - Carrying Values [Member] $ in Thousands | Sep. 30, 2015USD ($) |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |
IRU Assets | $ 2,266 |
IRU Obligations | $ 4,126 |
Current Liabilities - Schedule
Current Liabilities - Schedule of Accounts Payable, Accrued and Other Current Liabilities, Non-Affiliates (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Payables and Accruals [Abstract] | ||
Accounts payable - trade | $ 18,327 | $ 25,672 |
Accrued payroll, benefits, and related liabilities | 15,930 | 18,086 |
Note payable, non-interest bearing, due 2016 | 5,500 | |
Other | 18,273 | 10,615 |
Total accounts payable, accrued and other current liabilities | $ 58,030 | $ 54,373 |
Current Liabilities - Schedul55
Current Liabilities - Schedule of Advance Billings and Customer Deposits (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Statement of Financial Position [Abstract] | ||
Advance billings | $ 4,572 | $ 4,449 |
Customer deposits | 31 | 41 |
Customer advances and deposits, current, total | $ 4,603 | $ 4,490 |
Long-Term Obligations - Additio
Long-Term Obligations - Additional Information (Detail) - USD ($) | Sep. 14, 2015 | Sep. 30, 2015 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 |
Debt Instrument [Line Items] | |||||
Unamortized debt issuance costs | $ 4,469,000 | ||||
Notional amounts of floating-to-fixed interest rate swaps | $ 192,500,000 | $ 192,500,000 | |||
Loss on extinguishment of debt | $ 2,250,000 | 2,250,000 | |||
2015 Senior Secured Credit Facilities Due 2018 [Member] | |||||
Debt Instrument [Line Items] | |||||
Unamortized debt issuance costs | 3,824,000 | 3,824,000 | |||
Combined senior secured financing | $ 100,000,000 | ||||
Term loan facility, amount outstanding | 90,000,000 | 90,000,000 | $ 90,000,000 | ||
Fund transaction fees and expenses | $ 3,895,000 | ||||
Weighted interest rate on term loan portion | 6.61% | ||||
Maturity date | Mar. 3, 2018 | ||||
Rate of increase the interest rate outstanding obligations | 2.00% | ||||
Notional amounts of floating-to-fixed interest rate swaps | $ 115,500,000 | ||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | Minimum [Member] | |||||
Debt Instrument [Line Items] | |||||
Borrowings required to be hedged by interest rate swap | $ 45,000,000 | ||||
Weighted average life of required future interest rate swaps | 2 years | ||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | First Lien Facility [Member] | |||||
Debt Instrument [Line Items] | |||||
Term loan facility, amount outstanding | $ 65,000,000 | ||||
Revolving credit facility | $ 10,000,000 | ||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | First Lien Revolving Credit Facility Due January 2, 2018 [Member] | |||||
Debt Instrument [Line Items] | |||||
Percentage of commitment fee on average daily unused portion | 0.25% | ||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | First Lien Revolving Credit Facility Due January 2, 2018 [Member] | Minimum [Member] | |||||
Debt Instrument [Line Items] | |||||
LIBOR interest rate | 1.00% | ||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | Second Lien Term Loan [Member] | |||||
Debt Instrument [Line Items] | |||||
Term loan facility, amount outstanding | $ 25,000,000 | ||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | First Lien Term Loan Facility Due January 2, 2018 [Member] | Minimum [Member] | |||||
Debt Instrument [Line Items] | |||||
LIBOR interest rate | 1.00% | ||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | Second Lien Term Loan Facility Due March 3, 2018 [Member] | |||||
Debt Instrument [Line Items] | |||||
Maturity date | Mar. 3, 2018 | ||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | Second Lien Term Loan Facility Due March 3, 2018 [Member] | Minimum [Member] | |||||
Debt Instrument [Line Items] | |||||
LIBOR interest rate | 1.00% | ||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | First Lien Facility Extended To June 30, 2020 [Member] | |||||
Debt Instrument [Line Items] | |||||
Quarterly principal payments fourth quarter of 2015 | $ 250,000 | ||||
Quarterly principal payments 2016 | 750,000 | ||||
Quarterly principal payments 2017 | 1,000,000 | ||||
Maturity date | Jun. 30, 2020 | ||||
Quarterly principal payments 2018 | 1,250,000 | ||||
Quarterly principal payments 2019 | 1,500,000 | ||||
Quarterly principal payments first quarter of 2020 | 1,500,000 | ||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | Second Lien Term Loan Facility Extended To September 30, 2020 [Member] | |||||
Debt Instrument [Line Items] | |||||
Maturity date | Sep. 30, 2020 | ||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | First Lien Facility Due January 2, 2018 [Member] | |||||
Debt Instrument [Line Items] | |||||
Quarterly principal payments fourth quarter of 2015 | 250,000 | ||||
Quarterly principal payments 2016 | 750,000 | ||||
Quarterly principal payments 2017 | $ 1,000,000 | ||||
Maturity date | Jan. 2, 2018 | ||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | Revolving Credit Facility Loan [Member] | |||||
Debt Instrument [Line Items] | |||||
Maturity date | Jan. 2, 2018 | ||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | LIBOR [Member] | First Lien Revolving Credit Facility Due January 2, 2018 [Member] | |||||
Debt Instrument [Line Items] | |||||
Interest rate over LIBOR | 4.50% | ||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | LIBOR [Member] | First Lien Term Loan Facility Due January 2, 2018 [Member] | |||||
Debt Instrument [Line Items] | |||||
Interest rate over LIBOR | 4.50% | ||||
2015 Senior Secured Credit Facilities Due 2018 [Member] | LIBOR [Member] | Second Lien Term Loan Facility Due March 3, 2018 [Member] | |||||
Debt Instrument [Line Items] | |||||
Interest rate over LIBOR | 8.50% | ||||
6.25% Convertible Notes Due 2020 [Member] | |||||
Debt Instrument [Line Items] | |||||
Maturity date | Dec. 31, 2020 | ||||
6.25% Convertible Notes Due 2020 [Member] | Maximum [Member] | |||||
Debt Instrument [Line Items] | |||||
Principal amount of convertible notes | $ 30,000,000 | ||||
2010 Senior Credit Facility Term Loan Due 2016 [Member] | |||||
Debt Instrument [Line Items] | |||||
Unamortized debt issuance costs | 2,810,000 | ||||
Fund transaction fees and expenses | $ 1,907,000 | ||||
Maturity date | Oct. 21, 2016 | ||||
Principal amount including accrued interest and fees | 81,526,000 | $ 81,526,000 | |||
Loss on extinguishment of debt | 1,312,000 | ||||
6.25% Convertible Notes Due 2018 [Member] | |||||
Debt Instrument [Line Items] | |||||
Unamortized debt issuance costs | 1,132,000 | $ 1,132,000 | $ 1,659,000 | ||
Maturity date | May 1, 2018 | ||||
Loss on extinguishment of debt | 938,000 | ||||
Repurchase of convertible notes | 10,000,000 | $ 10,000,000 | |||
Cash settlement on repurchase of notes | $ 10,572,000 |
Long-Term Obligations - Schedul
Long-Term Obligations - Schedule of Long-Term Obligations (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Sep. 14, 2015 | Dec. 31, 2014 |
Debt Instrument [Line Items] | |||
Debt issuance costs | $ (4,469) | ||
Capital leases and other long-term obligations | $ 4,749 | 5,524 | |
Long-term obligations | 188,652 | 429,499 | |
Long-term obligations | 188,652 | 429,499 | |
Less current portion | (3,249) | (15,521) | |
Long-term obligations, net of current portion | 185,403 | 413,978 | |
2015 Senior Secured Credit Facilities Due 2018 [Member] | |||
Debt Instrument [Line Items] | |||
Long-term obligations | 90,000 | $ 90,000 | |
Debt issuance costs | (3,824) | ||
2010 Senior Credit Facility Term Loan Due 2016 [Member] | |||
Debt Instrument [Line Items] | |||
Long-term obligations | 322,700 | ||
Debt instrument unamortized discount | (1,014) | ||
Debt issuance costs | (2,810) | ||
6.25% Convertible Notes Due 2018 [Member] | |||
Debt Instrument [Line Items] | |||
Long-term obligations | 104,000 | 114,000 | |
Debt instrument unamortized discount | (5,141) | (7,242) | |
Debt issuance costs | $ (1,132) | $ (1,659) |
Long-Term Obligations - Sched58
Long-Term Obligations - Schedule of Long-Term Obligations (Parenthetical) (Detail) | 9 Months Ended |
Sep. 30, 2015 | |
2015 Senior Secured Credit Facilities Due 2018 [Member] | |
Debt Instrument [Line Items] | |
Maturity year of senior credit facility term loan - start | Sep. 14, 2015 |
Maturity date | Mar. 3, 2018 |
2010 Senior Credit Facility Term Loan Due 2016 [Member] | |
Debt Instrument [Line Items] | |
Maturity year of senior credit facility term loan - start | Oct. 21, 2010 |
Maturity date | Oct. 21, 2016 |
6.25% Convertible Notes Due 2018 [Member] | |
Debt Instrument [Line Items] | |
Interest rate of convertible notes | 6.25% |
Maturity date | May 1, 2018 |
Long-Term Obligations - Sched59
Long-Term Obligations - Schedule of Aggregate Maturities of Long-term Obligations (Detail) $ in Thousands | Sep. 30, 2015USD ($) |
Debt Disclosure [Abstract] | |
2015 (October 1 - December 31) | $ 573 |
2016 (January 1 - December 31) | 3,765 |
2017 (January 1 - December 31) | 4,429 |
2018 (January 1 - December 31) | 187,105 |
2019 (January 1 - December 31) | 149 |
2020 (January 1 - December 31) | 52 |
Thereafter | 2,676 |
Total | $ 198,749 |
Other Long-Term Liabilities - S
Other Long-Term Liabilities - Summary of Other Long-Term Liabilities (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Other Long Term Liabilities [Line Items] | ||
Other long-term liabilities | $ 61,776 | $ 24,370 |
Deferred GCI Capacity Revenue, Net of Current Portion [Member] | ||
Other Long Term Liabilities [Line Items] | ||
Other long-term liabilities | 37,858 | |
Other Deferred IRU Capacity Revenue, Net of Current Portion [Member] | ||
Other Long Term Liabilities [Line Items] | ||
Other long-term liabilities | 4,941 | 3,335 |
Other [Member] | ||
Other Long Term Liabilities [Line Items] | ||
Other long-term liabilities | $ 18,977 | $ 21,035 |
Accumulated Other Comprehensi61
Accumulated Other Comprehensive Loss - Summary of Activity in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning Balance | $ (5,151) | |||
Other comprehensive income before reclassifications | 388 | |||
Reclassifications from accumulated comprehensive loss to net income | 1,643 | |||
Total other comprehensive income | $ 291 | $ 570 | 2,031 | $ 1,782 |
Ending Balance | (3,120) | (3,120) | ||
Interest Rate Swaps [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning Balance | (1,512) | |||
Other comprehensive income before reclassifications | 352 | |||
Reclassifications from accumulated comprehensive loss to net income | 1,160 | |||
Total other comprehensive income | 1,512 | |||
Defined Benefit Pension Plans [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning Balance | (3,639) | |||
Other comprehensive income before reclassifications | 36 | |||
Reclassifications from accumulated comprehensive loss to net income | 483 | |||
Total other comprehensive income | 519 | |||
Ending Balance | $ (3,120) | $ (3,120) |
Accumulated Other Comprehensi62
Accumulated Other Comprehensive Loss - Additional Information (Detail) $ in Thousands | 9 Months Ended |
Sep. 30, 2015USD ($) | |
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 | $ 0 |
Stock Incentive Plans - Summary
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] shares in Thousands | 9 Months Ended |
Sep. 30, 2015$ / sharesshares | |
Summary of activity for restricted stock units, long-term incentive awards and non-employee director stock compensation | |
Number of Shares - Nonvested at December 31, 2014 | shares | 1,299 |
Number of Shares - Granted | shares | 1,177 |
Number of Shares - Vested | shares | (659) |
Number of Shares - Canceled or expired | shares | (252) |
Number of Shares - Nonvested at September 30, 2015 | shares | 1,565 |
Weighted Average Grant Date Fair Value - Nonvested at December 31, 2014 | $ 2.30 |
Weighted Average Grant Date Fair Value - Granted | 1.84 |
Weighted Average Grant Date Fair Value - Vested | 2.70 |
Weighted Average Grant Date Fair Value - Canceled or expired | 1.96 |
Weighted Average Grant Date Fair Value - Nonvested at September 30, 2015 | $ 1.84 |
Stock Incentive Plans - Summa64
Stock Incentive Plans - Summary of Activity for Performance Share Units (Detail) - Performance Share Units [Member] shares in Thousands | 9 Months Ended |
Sep. 30, 2015$ / sharesshares | |
Summary of activity for performance share units | |
Number of Shares - Nonvested at December 31, 2014 | shares | 790 |
Number of Shares - Granted | shares | 1,110 |
Number of Shares - Vested | shares | (257) |
Number of Shares - Canceled or expired | shares | (378) |
Number of Shares - Nonvested at September 30, 2015 | shares | 1,265 |
Weighted Average Grant Date Fair Value - Nonvested at December 31, 2014 | $ 3.32 |
Weighted Average Grant Date Fair Value - Granted | 2 |
Weighted Average Grant Date Fair Value - Vested | 1.70 |
Weighted Average Grant Date Fair Value - Canceled or expired | 1.96 |
Weighted Average Grant Date Fair Value - Nonvested at September 30, 2015 | $ 2.90 |
Stock Incentive Plans - Summa65
Stock Incentive Plans - Summary of Assumptions Used for Valuation of Equity Instruments Granted (Detail) - Restricted Stock [Member] | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Restricted stock: | ||
Risk free rate | 0.00% | |
Risk free rate, minimum | 0.03% | |
Risk free rate, maximum | 0.23% | |
Expected annual forfeiture rate | 9.00% | 9.00% |
Stock Incentive Plans - Share-B
Stock Incentive Plans - Share-Based Compensation (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||
Total compensation cost for share-based payments | $ 619 | $ 684 | $ 1,898 | $ 1,877 |
Weighted average grant-date fair value of equity instruments granted (per share) | $ 2.21 | $ 1.57 | $ 1.92 | $ 1.54 |
Total grant date fair value of shares vested during the period | $ 70 | $ 129 | $ 2,540 | $ 2,958 |
Unamortized share-based payments | $ 2,585 | $ 1,810 | ||
Weighted average period (in years) to be recognized as expense | 1 year 6 months | 1 year 6 months |
Earnings Per Share - Additional
Earnings Per Share - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | |
6.25% Convertible Notes Due 2018 [Member] | |||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||||
Interest rate of convertible notes | 6.25% | 6.25% | |||
Maturity year of convertible notes | May 1, 2018 | ||||
Shares received upon conversion | 97.2668 | ||||
Principal amount for initial conversion | $ 1,000 | $ 1,000 | |||
Initial conversion price | $ 10.28 | $ 10.28 | |||
Convertible note, convertible beginning date | Feb. 1, 2018 | ||||
Anti-dilutive shares excluded from calculation | 11,088,000 | 11,088,000 | |||
Repurchase of convertible notes | $ 10,000 | $ 10,000 | |||
Convertible Notes Payable [Member] | |||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||||
Anti-dilutive shares excluded from calculation | 10,951,000 | 11,042,000 | |||
TekMate, LLC [Member] | |||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||||
Percentage of ownership interest in equity method investments | 51.00% | 51.00% | |||
Consideration payable in cash or stock | $ 800 |
Earnings Per Share - Calculatio
Earnings Per Share - Calculation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Earnings Per Share, Basic and Diluted [Abstract] | ||||
Net income attributable to ACS | $ 1,239 | $ 1,878 | $ 12,615 | $ 2,578 |
Weighted average common shares outstanding: | ||||
Basic shares | 50,399 | 49,498 | 50,191 | 49,265 |
Effect of stock-based compensation | 1,189 | 657 | 1,055 | 465 |
Diluted shares | 51,588 | 50,155 | 51,246 | 49,730 |
Net income per share attributable to ACS: | ||||
Basic | $ 0.02 | $ 0.04 | $ 0.25 | $ 0.05 |
Diluted | $ 0.02 | $ 0.04 | $ 0.25 | $ 0.05 |
Retirement Plans - Summary of N
Retirement Plans - Summary of Net Periodic Pension Expense for ACS Retirement Plan (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Compensation and Retirement Disclosure [Abstract] | ||||
Interest cost | $ 165 | $ 166 | $ 496 | $ 498 |
Expected return on plan assets | (186) | (187) | (559) | (562) |
Amortization of loss | 294 | 134 | 882 | 402 |
Net periodic pension expense | $ 273 | $ 113 | $ 819 | $ 338 |
Supplemental Cash Flow Inform70
Supplemental Cash Flow Information - Schedule of Supplemental Non-Cash Transaction and Nonmonetary Exchange Information (Detail) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Supplemental Non-cash Transactions: | ||
Capital expenditures incurred but not yet paid at September 30 | $ 10,852 | $ 7,379 |
Property acquired under capital leases | 20 | 390 |
Additions to ARO asset | 247 | 306 |
Accrued acquisition purchase price | (291) | $ 291 |
Other assets and liabilities, net | 228 | |
Net change in restricted cash | 1,357 | |
Note receivable on sale of asset | 2,650 | |
Property, plant and equipment [Member] | ||
Nonmonetary Exchanges: | ||
Nonmonetary Exchanges | 710 | |
Deferred revenue [Member] | ||
Nonmonetary Exchanges: | ||
Nonmonetary Exchanges | 2,310 | |
Prepaid expenses [Member] | ||
Nonmonetary Exchanges: | ||
Nonmonetary Exchanges | 1,600 | |
IRUs received [Member] | ||
Nonmonetary Exchanges: | ||
Nonmonetary Exchanges | 2,765 | |
IRUs relinquished [Member] | ||
Nonmonetary Exchanges: | ||
Nonmonetary Exchanges | 2,765 | |
Noncontrolling Interests [Member] | ||
Supplemental Non-cash Transactions: | ||
Assets contributed to joint venture | $ 922 |
Business Segments - Additional
Business Segments - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2015Segment | |
Segment Reporting [Abstract] | |
Number of reportable segments in which business operates | 1 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) $ in Thousands | Sep. 30, 2015USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
Litigation costs | $ 647 |