Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Nov. 01, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | ALASKA COMMUNICATIONS SYSTEMS GROUP INC | |
Entity Central Index Key | 1,089,511 | |
Trading Symbol | alsk | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 53,185,478 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Current assets: | ||
Cash and cash equivalents | $ 17,292 | $ 4,354 |
Restricted cash | 1,634 | 11,814 |
Short-term investments | 134 | |
Accounts receivable, net of allowance of $3,939 and $2,729 | 28,568 | 32,535 |
Materials and supplies | 6,681 | 7,046 |
Prepayments and other current assets | 6,940 | 6,115 |
Total current assets | 61,249 | 61,864 |
Property, plant and equipment | 1,379,391 | 1,357,929 |
Less: accumulated depreciation and amortization | (1,010,821) | (991,816) |
Property, plant and equipment, net | 368,570 | 366,113 |
Deferred income taxes | 820 | 3,394 |
Other assets | 19,330 | 11,415 |
Total assets | 449,969 | 442,786 |
Current liabilities: | ||
Current portion of long-term obligations | 6,844 | 17,030 |
Accounts payable, accrued and other current liabilities | 38,431 | 36,148 |
Advance billings and customer deposits | 4,311 | 4,213 |
Total current liabilities | 49,586 | 57,391 |
Long-term obligations, net of current portion | 165,003 | 168,959 |
Deferred income taxes | 2,233 | 596 |
Other long-term liabilities, net of current portion | 65,109 | 61,330 |
Total liabilities | 281,931 | 288,276 |
Commitments and contingencies | ||
Alaska Communications stockholders' equity: | ||
Common stock, $.01 par value; 145,000 authorized; 53,184 issued and outstanding at September 30, 2018; 52,526 issued and outstanding at December 31, 2017 | 532 | 525 |
Additional paid in capital | 159,872 | 158,969 |
Retained earnings (accumulated deficit) | 8,719 | (3,579) |
Accumulated other comprehensive loss | (2,032) | (2,396) |
Total Alaska Communications stockholders' equity | 167,091 | 153,519 |
Noncontrolling interest | 947 | 991 |
Total stockholders' equity | 168,038 | 154,510 |
Total liabilities and stockholders' equity | $ 449,969 | $ 442,786 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) shares in Thousands, $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Allowance for doubtful accounts | $ 3,939 | $ 2,729 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 145,000 | 145,000 |
Common stock, shares issued (in shares) | 53,184 | 52,526 |
Common stock, shares outstanding (in shares) | 53,184 | 52,526 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Operating revenues | $ 58,229 | $ 56,703 | $ 173,779 | $ 171,970 |
Operating expenses: | ||||
Cost of services and sales (excluding depreciation and amortization) | 27,220 | 26,690 | 79,595 | 78,286 |
Selling, general and administrative | 16,879 | 17,108 | 49,398 | 52,331 |
Depreciation and amortization | 8,352 | 9,193 | 25,336 | 27,124 |
Loss on disposal of assets, net | 15 | 40 | 56 | 73 |
Total operating expenses | 52,466 | 53,031 | 154,385 | 157,814 |
Operating income | 5,763 | 3,672 | 19,394 | 14,156 |
Other income and (expense): | ||||
Interest expense | (3,286) | (3,577) | (10,191) | (11,335) |
Loss on extinguishment of debt | (93) | (7,527) | ||
Interest income | 36 | 13 | 74 | 27 |
Other income (expense), net | 66 | (153) | 79 | (461) |
Total other income and (expense) | (3,184) | (3,810) | (10,038) | (19,296) |
Income (loss) before income tax (expense) benefit | 2,579 | (138) | 9,356 | (5,140) |
Income tax (expense) benefit | (774) | 422 | (2,080) | 1,886 |
Net income (loss) | 1,805 | 284 | 7,276 | (3,254) |
Less net loss attributable to noncontrolling interest | (12) | (36) | (84) | (100) |
Net income (loss) attributable to Alaska Communications | 1,817 | 320 | 7,360 | (3,154) |
Other comprehensive income (loss): | ||||
Minimum pension liability adjustment | 55 | 31 | 169 | 89 |
Income tax effect | (16) | (13) | (48) | (37) |
Amortization of defined benefit plan loss | (13) | 153 | 169 | 461 |
Income tax effect | 4 | (63) | (48) | (189) |
Interest rate swap marked to fair value | 17 | 21 | 429 | 177 |
Income tax effect | (5) | (8) | (123) | (73) |
Reclassification to interest expense | (136) | 33 | (258) | 82 |
Income tax effect | 39 | (14) | 74 | (34) |
Total other comprehensive income | (55) | 140 | 364 | 476 |
Total comprehensive income (loss) attributable to Alaska Communications | 1,762 | 460 | 7,724 | (2,678) |
Net loss attributable to noncontrolling interest | (12) | (36) | (84) | (100) |
Total other comprehensive income attributable to noncontrolling interest | 0 | 0 | ||
Total comprehensive loss attributable to noncontrolling interest | (12) | (36) | (84) | (100) |
Total comprehensive income (loss) | $ 1,750 | $ 424 | $ 7,640 | $ (2,778) |
Net income (loss) per share attributable to Alaska Communications: | ||||
Basic (in dollars per share) | $ 0.03 | $ 0.01 | $ 0.14 | $ (0.06) |
Diluted (in dollars per share) | $ 0.03 | $ 0.01 | $ 0.14 | $ (0.06) |
Weighted average shares outstanding: | ||||
Basic shares (in shares) | 53,184 | 52,434 | 52,994 | 52,159 |
Diluted (in shares) | 54,116 | 53,794 | 53,887 | 52,159 |
Condensed Consolidated Statem_2
Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - 9 months ended Sep. 30, 2018 - USD ($) shares in Thousands, $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Noncontrolling Interest [Member] | Total |
Balance (in shares) at Dec. 31, 2017 | 52,526 | |||||
Balance, beginning at Dec. 31, 2017 | $ 525 | $ 158,969 | $ (3,579) | $ (2,396) | $ 991 | $ 154,510 |
Cumulative effect of new accounting principles adopted | 4,938 | 4,938 | ||||
Total comprehensive income (loss) | 7,360 | 364 | (84) | 7,640 | ||
Stock compensation | 1,209 | 1,209 | ||||
Surrender of shares to cover minimum withholding taxes on stock-based compensation | (410) | (410) | ||||
Issuance of common stock, pursuant to stock plans, $.01 par (in shares) | 658 | |||||
Issuance of common stock, pursuant to stock plans, $.01 par | $ 7 | 104 | 111 | |||
Contributions from noncontrolling interest | 40 | 40 | ||||
Balance (in shares) at Sep. 30, 2018 | 53,184 | |||||
Balance, ending at Sep. 30, 2018 | $ 532 | $ 159,872 | $ 8,719 | $ (2,032) | $ 947 | $ 168,038 |
Condensed Consolidated Statem_3
Condensed Consolidated Statement of Stockholders' Equity (Unaudited) (Parentheticals) | Sep. 30, 2018$ / shares |
Retained Earnings [Member] | |
Common stock, par value (in dollars per share) | $ 0.01 |
Common stock, par value (in dollars per share) | $ 0.01 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash Flows from Operating Activities: | ||
Net income (loss) | $ 7,276 | $ (3,254) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Depreciation and amortization | 25,336 | 27,124 |
Loss on disposal of assets, net | 56 | 73 |
Amortization of debt issuance costs and debt discount | 1,022 | 1,951 |
Loss on extinguishment of debt | 7,527 | |
Amortization of deferred capacity revenue | (2,997) | (2,601) |
Stock-based compensation | 1,209 | 842 |
Income tax expense (benefit) | 2,080 | (1,886) |
Charge for uncollectible accounts | 2,371 | 2,562 |
Other non-cash expense, net | 168 | 430 |
Income taxes (receivable) payable | (37) | 577 |
Changes in operating assets and liabilities | 10,395 | (7,657) |
Net cash provided by operating activities | 46,879 | 25,688 |
Cash Flows from Investing Activities: | ||
Capital expenditures | (25,432) | (24,054) |
Capitalized interest | (1,456) | (772) |
Change in unsettled capital expenditures | (1,811) | 2,007 |
Proceeds on sale of assets | 1 | 6 |
Net cash used by investing activities | (28,698) | (22,813) |
Cash Flows from Financing Activities: | ||
Repayments of long-term debt | (29,164) | (174,378) |
Proceeds from the issuance of long-term debt | 14,000 | 183,000 |
Debt issuance costs and discounts | (5,559) | |
Cash paid for debt extinguishment | (5,522) | |
Cash proceeds from noncontrolling interest | 40 | 75 |
Payment of withholding taxes on stock-based compensation | (410) | (601) |
Proceeds from the issuance of common stock | 111 | 116 |
Net cash used by financing activities | (15,423) | (2,869) |
Change in cash, cash equivalents and restricted cash | 2,758 | 6 |
Cash, cash equivalents and restricted cash, beginning of period | 16,168 | 23,145 |
Cash, cash equivalents and restricted cash, end of period | 18,926 | 23,151 |
Supplemental Cash Flow Data: | ||
Interest paid | 10,723 | 10,874 |
Income taxes paid (refunded), net | $ 4 | $ (624) |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Alaska Communications Systems Group, Inc. (“we”, “our”, “us”, the “Company” and “Alaska Communications”), a Delaware corporation, through its operating subsidiaries, provides broadband telecommunication and managed information technology (“IT”) 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 • Crest Communications Corporation Holdings, Inc. ("ACS Holdings") • 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 • TekMate, LLC • Alaska Communications Internet, LLC (“ACSI”) • ACS Messaging, Inc. • ACS Cable Systems, LLC (“ACSC”) In addition to the wholly-owned subsidiaries, the Company has a fifty 3 Joint Venture Basis of Presentation The accompanying unaudited condensed consolidated financial statements and notes included in this Quarterly Report on Form 10 10 December 31, 2017. not See Note 2 Revenue Recognition The Company has consolidated the financial results of the AQ-JV 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 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 (loss) and cash flows for all periods presented. Comprehensive income for the three nine September 30, 2018, not December 31, 2017 not 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 operating revenues, probable losses and expenses. Actual results could differ materially from those estimates. Out-of-Period Adjustment The Company determined that income tax expense as reported in its financial statements for the year ended December 31, 2017 $703. $703 $0.01, not December 31, 2017, not December 31, 2018. three March 31, 2018. $112 $2,069 three March 31, 2018, $2,080 $7,276 nine September 30, 2018, $703 Recently Adopted Accounting Pronouncements Effective January 1, 2018, 606, Revenue from Contracts with Customers ” 606” 606 606 not $6,898, $1,960. $4,938. 2 Revenue Recognition 606. Effective January 1, 2018, No. 2017 07, Compensation – Retirement Benefits (Topic 715 2017 07” 2017 07 one 2017 07 not one not $13 $169 three nine September 30, 2018 2017 07 $153 $461 three nine September 30, 2017 2017 07 Effective January 1, 2018, No. 2017 09, Compensation – Stock Compensation (Topic 718 Scope of Modification Accounting 2017 09” 2017 09 718. 2017 09 not not 2017 09 January 1, 2018. 2017 09 no nine September 30, 2018. Accounting Pronouncements Issued Not In February 2016, No. 2016 02, Leases (Topic 842 2016 02” 2016 02 2016 02 2016 02, December 15, 2018, 2016 02 2016 02 2016 02, January 1, 2019 not 2019. In August 2017, No. 2017 12, Derivatives and Hedging (Topic 815 2017 12” 2017 12 2017 12 December 15, 2018. 2017 12 In August 2018, No. 2018 13, Fair Value Measurement (Topic 820 2018 13” 2018 13 1 2 3 3 3 2018 13 December 15, 2019 2018 13 not In August 2018, No. 2018 14, Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715 20 2018 14” 2018 14 2018 14 2018 14 December 15, 2020 2018 14 In August 2018, No. 2018 15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350 40 2018 15” 2018 15 2018 15 December 15, 2019 2018 15 |
Note 2 - Revenue Recognition
Note 2 - Revenue Recognition | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 2. REVENUE RECOGNITION Revenue Recognition Policies Revenue Accounted for in Accordance with ASC 606 The Company adopted the provisions of ASC 606 first 2018 1 Summary of Significant Accounting Policies The Company applied the provisions of ASC 606 not January 1, 2018. 606 not $676 $772 three nine September 30, 2018, 2018 606 three nine September 30, 2018 September 30, 2018. Three Months As Reported Effect of Adoption of ASC 606 Excluding Adoption of ASC 606 Operating revenues $ 58,229 $ - $ 58,229 Total operating expenses 52,466 676 53,142 Operating income 5,763 (676 ) 5,087 Income before income tax expense 2,579 (676 ) 1,903 Net income attributable to Alaska Communications 1,817 (484 ) 1,333 Net income per share attributable to Alaska Communications: Basic $ 0.03 $ (0.00 ) $ 0.03 Diluted $ 0.03 $ (0.01 ) $ 0.02 Nine Months As Reported Effect of Adoption of ASC 606 Excluding Adoption of ASC 606 Operating revenues $ 173,779 $ - $ 173,779 Total operating expenses 154,385 772 155,157 Operating income 19,394 (772 ) 18,622 Income before income tax expense 9,356 (772 ) 8,584 Net income attributable to Alaska Communications 7,360 (553 ) 6,807 Net income per share attributable to Alaska Communications: Basic $ 0.14 $ (0.01 ) $ 0.13 Diluted $ 0.14 $ (0.01 ) $ 0.13 September 30, 2018 As Reported Effect of Adoption of ASC 606 Excluding Adoption of ASC 606 Deferred income taxes $ 820 $ 1,460 $ 2,280 Other assets 19,330 (7,670 ) 11,660 Total assets 449,969 (6,210 ) 443,759 Deferred income taxes 2,233 (719 ) 1,514 Total liabilities 281,931 (719 ) 281,212 Retained earnings 8,719 (5,491 ) 3,228 Total liabilities and stockholders' equity 449,969 (6,210 ) 443,759 At contract inception, the Company assesses the goods and services promised to the customer and identifies the performance obligation for each promise to transfer a good or service that is distinct. The Company considers all obligations whether they are explicitly stated in the contract or are implied by customary business practices. The Company’s broadband and voice revenue includes service, installation and equipment charges. The primary performance obligation in contracts for broadband and voice services is the provision of that service over time to the customer and revenue is recognized as that service is provided to the customer. The Company also charges certain of its broadband and voice service customers for equipment installed on the customers’ premise, physical possession, control and ownership of which pass to the customer upon installation. Revenue is recognized for these obligations at the point of installation. The contract price is allocated between the service, installation and equipment components based on their relative standalone selling prices. Installation and equipment revenue is not Managed IT revenues include the sale, configuration and installation of equipment and the subsequent provision of ongoing IT services. Revenue is recognized on the sale, configuration and installation of equipment when physical possession, control and ownership of the equipment has been passed to the customer. The customer is typically billed for equipment separately from the subsequent IT services. Revenue associated with ongoing IT services is recognized as that service is provided. The contract price is allocated to each of these performance obligations based on their relative standalone selling prices. Revenue and cost of sales is recognized on the resale of equipment and other products only when the Company has control of the product, inventory risk and the discretion to establish pricing prior to transfer to the customer. For the resale of products where the Company does not The Company enters into contracts with its rural health care customers and is subject to various regulatory requirements associated with the provision of these services. Revenues associated with rural health care customers are recognized based on the amount the Company expects to collect as evidenced in its contract with the customer and the Company’s and customer’s agreement with the Federal Communications Commission (“FCC”) as the relevant service is provided. Payment for the services is made, in part, by the customer. The Company also receives funding support for these services through the FCC’s rural health care universal service support mechanism. Funding through the FCC represents the predominant portion of the total funding. The amount expected to be collected from the FCC is based on program funding levels and actual or recent historical approval levels of customer applications. In March 2018, $400 2017, July 1, 2017 June 30, 2018, 84.4% June 2018, $571 $400 2017 2018 July 1, 2018 June 30, 2019); 84.4% 100% not not $2,082 second 2018 third fourth 2017 first 2018. third 2018, 2017 not June 30, 2018. September 30, 2018, not 2018. third 2018 2017, 100% Regulatory access revenue includes (i) special access, which is primarily access to dedicated circuits sold to wholesale customers, substantially all of which is generated from interstate services; and (ii) cellular access, which is the transport of tariffed local network services between switches for cellular companies based on individually negotiated contracts. Regulatory access revenue is recognized as the service is provided to the customer. Certain contracts with customers provide for customer payment in advance of or subsequent to the Company providing the associated goods or services. Such payments include customer funding of enhancements or additions to the Company’s network and other related assets. As provided for under ASC 606, not one not one not Substantially all recurring non-usage sensitive service revenues are billed one thirty Revenue Accounted for in Accordance with Other Guidance Deferred revenue capacity liabilities are established for indefeasible rights of use (“IRUs”) on the Company’s network provided to third The Company has also established deferred revenue liabilities for other agreements outside the scope of ASC 606, Regulatory access revenue includes interstate and intrastate switched access, consisting of services based primarily on originating and terminating access minutes from other carriers. The Company assess its customers for surcharges, typically on a monthly basis, as required by various state and federal regulatory agencies, and remits these surcharges to these agencies. These pass-through surcharges include Federal Universal Access and State Universal Access. These surcharges vary from year to year, and are primarily recognized as revenue, and the subsequent remittance to the state or federal agency as a cost of sale and service. The charges are assessed on only a portion of the services provided. Other non-pass-through surcharges are collected from customers as authorized by the regulatory body. The amount charged is based on the type of line: single line business, multi-line business, consumer or lifeline. The rates are established based on federal or state orders. These charges are recorded as revenue and do not High-cost support revenue consists of interstate and intrastate universal support funds and similar revenue streams structured by federal and state regulatory agencies that allow the Company to recover its cost of providing universal service in Alaska. The FCC released the Connect America Fund (“CAF”) Phase II order specific to Alaska Communications which transitioned from CAF Phase I frozen support to CAF Phase II. Funding under the new program will generally require the Company to provide broadband service to unserved locations throughout the designated coverage area by the end of a specified build-out period, and meet interim milestone build-out obligations. In addition to federal high cost support, the Company is designated by the State of Alaska as a Carrier of Last Resort (“COLR”) in five six The Company collects sales and other similar taxes from its customers on behalf of various governmental authorities, and remits these taxes to the appropriate authorities. The collection of such taxes is not Disaggregation of Revenue The following table provides the Company’s revenue disaggregated on the basis of its primary markets, customers, products and services for the three nine September 30, 2018 Three Months Nine Months Accounted for Under ASC 606 Accounted for Under Other Guidance Total Revenue Accounted for Under ASC 606 Accounted for Under Other Guidance Total Revenue Business and Wholesale Revenue Business broadband $ 15,309 $ - $ 15,309 $ 45,859 $ - $ 45,859 Business voice and other 7,199 - 7,199 21,088 - 21,088 Managed IT services 1,480 - 1,480 3,936 - 3,936 Equipment sales and installations 1,488 - 1,488 3,870 - 3,870 Wholesale broadband 7,624 - 7,624 23,475 - 23,475 Wholesale voice and other 1,525 - 1,525 4,455 - 4,455 Operating leases and other deferred revenue - 1,740 1,740 - 4,923 4,923 Total Business and Wholesale Revenue 34,625 1,740 36,365 102,683 4,923 107,606 Consumer Revenue Broadband 6,539 - 6,539 19,726 - 19,726 Voice and other 2,719 - 2,719 8,355 - 8,355 Total Consumer Revenue 9,258 - 9,258 28,081 - 28,081 Regulatory Revenue Access (1) 5,944 - 5,944 18,203 - 18,203 Access (2) - 1,738 1,738 - 5,118 5,118 High-cost support - 4,924 4,924 - 14,771 14,771 Total Regualtory Revenue 5,944 6,662 12,606 18,203 19,889 38,092 Total Revenue $ 49,827 $ 8,402 $ 58,229 $ 148,967 $ 24,812 $ 173,779 ( 1 Includes customer ordered service and special access. ( 2 Includes carrier of last resort and carrier common line. Business broadband revenue includes revenue associated with rural health care customers. Consumer voice and other revenue includes revenue associated with the FCC’s Lifeline program. Timing of Revenue Recognition Revenue accounted for in accordance with ASC 606 three nine September 30, 2018: Three Nine Months Months Services transferred over time $ 42,395 $ 126,894 Goods transferred at a point in time 1,488 3,870 Regulatory access revenue (1) 5,944 18,203 Total revenue $ 49,827 $ 148,967 ( 1 Includes customer ordered service and special access. Transaction Price Allocated to Remaining Performance Obligations The aggregate amount of the transaction price allocated to the remaining performance obligations for contracts with customers that are unsatisfied, or partially unsatisfied, accounted for in accordance with ASC 606 $104,022 September 30, 2018. $1,118 twelve $102,904 one ten not Contract Assets and Liabilities The Company incurs certain incremental costs to obtain contracts that it expects to recover. These costs consist primarily of sales commissions and other directly related incentive compensation payments (reported as contract additions in the table below) which are dependent upon, and paid upon, successfully entering into individual customer contracts. The resulting contract asset is amortized to expense over the relevant contract life consistent with recognition of the associated revenue. In the event a contract with a customer is cancelled or modified, the unamortized portion of the associated contract asset is written off or adjusted as required. The Company does not 360 330, Certain contracts allow customers to modify their contract. When a contract is modified, the Company evaluates the change in scope or price of the contract to determine if the modification should be treated as a separate contract, if there is a termination of the existing contract and creation of a new contract, or if the modification should be considered a change associated with the existing contract. When a customer adds a distinct service to an existing contract for the standalone selling price of that service, the new service is treated as a separate contract. The table below provides a reconciliation of the contract assets associated with contracts with customers accounted for in accordance with ASC 606 nine September 30, 2018. not nine September 30, 2018. Balance at beginning of period $ 6,898 Contract additions 3,531 Amortization (2,759 ) Balance at end of period $ 7,670 The Company recorded a provision for uncollectible accounts receivable of $2,371 nine September 30, 2018 5 Accounts Receivable The table below provides a reconciliation of the contract liabilities associated with contracts with customers accounted for in accordance with ASC 606 nine September 30, 2018. Balance at beginning of period $ 1,150 Contract additions 1,569 Revenue recognized (555 ) Balance at end of period $ 2,164 |
Note 3 - Joint Venture
Note 3 - Joint Venture | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Variable Interest Entity Disclosure [Text Block] | 3 . JOINT VENTURE In 2015, On April 2, 2015, The Company determined that the Joint Venture is a Variable Interest Entity as defined in ASC 810, Consolidation 50 no 50 The table below provides certain financial information about the joint venture included on the Company’s consolidated balance sheet at September 30, 2018 December 31, 2017. may not not 2018 2017 Cash $ 270 $ 190 Property, plant and equipment, net of accumulated depreciation of $285 and $211 $ 1,856 $ 1,930 The operating results and cash flows of the joint venture in the three nine 2018 2017 not ALASKA COMMUNICATIONS SYSTEMS GROUP, INC. Notes to Condensed Consolidated Financial Statements ( Unaudited, In Thousands Except Per Share Amounts ) |
Note 4 - Fair Value Measurement
Note 4 - Fair Value Measurements and Derivative Financial Instruments | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Derivatives and Fair Value [Text Block] | 4 . FAIR VALUE MEASUREMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS 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 and unobservable inputs reflect internal market assumptions. These two ● Level 1 ● Level 2 not ● Level 3 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 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 estimated fair value and carrying value of the Company’s 6.25% $10,026 December 31, 2017 2 6.25% May 1, 2018. $174,200 $178,836 September 30, 2018 December 31, 2017, 2017 2 The following table presents the Company’s financial assets measured at fair value on a recurring basis as of September 30, 2018 December 31, 2017, no 1 2 first nine 2018: September 30, 2018 December 31, 2017 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Other assets: Interest rate swaps $ 686 $ - $ 686 $ - $ 515 $ - $ 515 $ - Derivative Financial Instruments The Company currently uses interest rate swaps to manage variable interest rate risk. At low LIBOR rates, payments under the swaps increase the Company’s cash interest expense, and at high LIBOR rates, they have the opposite effect. The outstanding amount of the swaps as of a period end are reported on the balance sheet at fair value, represented by the estimated amount the Company would receive or pay to terminate the swaps. They are valued using models based on readily observable market parameters for all substantial terms of the contracts and are classified within Level 2 Under the terms of the 2017 $90,000 two 2017, $90,000, 6.49425%, 5.0% June 28, 2019. 7 Long-Term Obligations 9 Accumulated Other Comprehensive Loss . The following table presents the notional amount, fair value and balance sheet classification of the Company’s derivative financial instruments designated as cash flow hedges as of September 30, 2018 December, 31, 2017: Notional Fair Balance Sheet Location Amount Value At September 30, 2018: Interest rate swaps Other assets $ 90,000 $ 686 At December 31, 2017: Interest rate swaps Other assets $ 90,000 $ 515 The following table presents gains and losses before income taxes on the Company’s interest rate swaps designated as cash flow hedges for the three nine September 30, 2018 2017. no Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Gain recognized in accumulated other comprehensive loss $ 17 $ 21 $ 429 $ 177 Gain (loss) reclassified from accumulated other comprehensive loss 136 (33 ) 258 (82 ) |
Note 5 - Accounts Receivable
Note 5 - Accounts Receivable | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 5 . ACCOUNTS RECEIVABLE Accounts receivable, net, consists of the following at September 30, 2018 December 31, 2017: 2018 2017 Retail customers $ 20,306 $ 22,227 Wholesale carriers 8,579 8,146 Other 3,622 4,891 32,507 35,264 Less: allowance for doubtful accounts (3,939 ) (2,729 ) Accounts receivable, net $ 28,568 $ 32,535 The following table summarizes the change in the allowance for doubtful accounts for the nine September 30, 2018, 2018 Balance at January 1 $ 2,729 Provision for uncollectible accounts 2,371 Charged to other accounts (658 ) Deductions (503 ) Balance at September 30 $ 3,939 In March 2018, $400 2017, July 1, 2017 June 30, 2018, 84.4% June 2018, 2017 $571 third 2018, 2017 not June 30, 2018. September 30, 2018, not 2018 July 1, 2018 June 30, 2019). September 30, 2018, $6,564 100% $8,580 December 31, 2017. 2 Revenue Recognition |
Note 6 - Current Liabilities
Note 6 - Current Liabilities | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block] | 6 . CURRENT LIABILITIES Accounts payable, accrued and other current liabilities consist of the following at September 30, 2018 December 31, 2017: 2018 2017 Accounts payable - trade $ 13,555 $ 17,739 Accrued payroll, benefits, and related liabilities 12,324 9,286 Deferred capacity and other revenue 5,890 4,817 Other 6,662 4,306 Total accounts payable, accrued and other current liabilities $ 38,431 $ 36,148 Advance billings and customer deposits consist of the following at September 30, 2018 December 31, 2017: 2018 2017 Advance billings $ 4,279 $ 4,181 Customer deposits 32 32 Total advance billings and customer deposits $ 4,311 $ 4,213 |
Note 7 - Long-term Obligations
Note 7 - Long-term Obligations | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Long-term Debt [Text Block] | 7 . LONG-TERM OBLIGATIONS Long-term obligations consist of the following at September 30, 2018 December 31, 2017: 2018 2017 2017 senior secured credit facility due 2023 $ 173,400 $ 178,350 Debt discount (2,184 ) (2,668 ) Debt issuance costs (2,353 ) (2,869 ) 6.25% convertible notes due 2018 - 10,044 Debt discount - (18 ) Debt issuance costs - (4 ) Revolving credit facility loan - - Capital leases and other long-term obligations 2,984 3,154 171,847 185,989 Less current portion (6,844 ) (17,030 ) Long-term obligations, net of current portion $ 165,003 $ 168,959 As of September 30, 2018, 2018 (October 1 - December 31) $ 1,866 2019 (January 1 - December 31) 6,639 2020 (January 1 - December 31) 8,902 2021 (January 1 - December 31) 16,267 2022 (January 1 - December 31) 86,483 2023 (January 1 - December 31) 53,801 Thereafter 2,426 Total maturities of long-term obligations $ 176,384 2017 The Company’s 2017 1 2 $15,000. The Term A- 1 $120,000 5.0% 1.0%. $1,500 fourth 2017 first 2020; $2,250 second 2020 first 2021; $4,000 second 2021 fourth 2021. March 13, 2022 The Term A- 2 $60,000 7.0% 1.0%. $150 fourth 2017 first 2021; $600 second 2021 fourth 2022. March 13, 2023 The revolving facility provides for borrowings in an aggregate amount outstanding at any one not $15,000, 5.0% 1.0%. As required under the terms of the 2017 $90,000 two 4 Fair Value Measurements and Derivative Financial Instruments 6.25% 2018 On May 1, 2018, 6.25% $10,358, $10,044 $314. $10,044 $314. no |
Note 8 - Other Long-term Liabil
Note 8 - Other Long-term Liabilities | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Noncurrent [Text Block] | 8 . OTHER LONG-TERM LIABILITIES Other long-term liabilities consist of the following at September 30, 2018 December 31, 2017: 2018 2017 Deferred GCI capacity revenue, net of current portion $ 31,635 $ 33,184 Other deferred IRU capacity revenue, net of current portion 23,629 19,366 Other deferred revenue, net of current portion 1,944 1,391 Other 7,901 7,389 Total other long-term liabilities $ 65,109 $ 61,330 |
Note 9 - Accumulated Other Comp
Note 9 - Accumulated Other Comprehensive Loss | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | 9 . ACCUMULATED OTHER COMPR E HENSIVE LOSS The following table summarizes the activity in accumulated other comprehensive income (loss) for the nine September 30, 2018: Defined Benefit Pension Interest Plan Rate Swaps Total Balance at December 31, 2017 $ (2,765 ) $ 369 $ (2,396 ) Other comprehensive income before reclassifications 121 306 427 Reclassifications from accumulated comprehensive income (loss) to net income 121 (184 ) (63 ) Net other comprehensive income 242 122 364 Balance at September 30, 2018 $ (2,523 ) $ 491 $ (2,032 ) The following table summarizes the reclassifications from accumulated other comprehensive loss to net income (loss) for the three nine September 30, 2018 2017: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Amortization of defined benefit plan pension items: Amortization of (income) loss $ (13 ) $ 153 $ 169 $ 461 Income tax effect 4 (63 ) (48 ) (189 ) After tax (9 ) 90 121 272 Amortization of (gain) loss on interest rate swap: Reclassification to interest expense (136 ) 33 (258 ) 82 Income tax effect 39 (14 ) 74 (34 ) After tax (97 ) 19 (184 ) 48 Total reclassifications, net of income tax $ (106 ) $ 109 $ (63 ) $ 320 Amounts reclassified to net income (loss) from our defined benefit pension plan and interest rate swaps have been presented within “Other income (expense), net” and “Interest expense,” twelve $686. 4 Fair Value Measurements and Derivative Financial Instruments |
Note 10 - Stock Incentive Plans
Note 10 - Stock Incentive Plans | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 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 2010. 2011 On June 10, 2011, 2011 June 30, 2014 2021. 2011 2011 Restricted Stock Units The Company measures the fair value of RSUs based on the number of shares granted and the quoted closing market price of the Company’s common stock on the date of grant. RSUs granted in 2018 three The following table summarizes the RSU, LTIP and non-employee director stock compensation activity for the nine September 30, 2018: Weighted Average Grant Date Number Fair of Units Value Nonvested at December 31, 2017 1,223 $ 2.00 Granted 695 1.72 Vested (677 ) 1.92 Canceled or expired (48 ) 1.86 Nonvested at September 30, 2018 1,193 $ 1.88 Performance Stock Units The PSUs granted in 2018 three The Company measures the fair value of the 2018 The following table summarizes the PSU activity for the nine September 30, 2018. Weighted Average Grant Date Number Fair of Units Value Nonvested at December 31, 2017 1,331 $ 1.47 Granted 1,243 0.55 Vested (126 ) 1.77 Canceled or expired (378 ) 1.73 Nonvested at September 30, 2018 2,070 $ 0.85 The table below sets forth the average grant date fair value assumptions used in the Monte Carlo simulation model for the 2018 Valuation (grant) date July 20, 2018 July 23, 2018 Number of units granted 1,118 125 Fair market value of the Company's Common Stock $ 1.68 $ 1.67 Risk-free interest rate 2.66 % 2.70 % Expected dividend yield 0 % 0 % Expected volatility 37.08 % 36.89 % Simulation period (in years) 3 3 Estimated fair value per award: Vesting Tranche 1 $ 0.37 $ 0.35 Vesting Tranche 2 $ 0.59 $ 0.58 Vesting Tranche 3 $ 0.71 $ 0.70 ● Fair Market Value ● Risk-free interest rate zero 3 ● Dividend Yield not 2012 not ● Expected Volatility three ● Performance Period The following table provides selected information about the Company’s share-based compensation as of and for the three nine September 30, 2018 2017: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Total compensation cost for share-based payments $ 642 $ 261 $ 1,209 $ 842 Weighted average grant-date fair value of equity instruments granted (per share) $ 0.80 $ 2.27 $ 0.97 $ 2.26 Total fair value of shares vested during the period $ - $ 83 $ 1,524 $ 2,369 At September 30: Unamortized share-based payments $ 2,039 $ 2,276 Weighted average period (in years) to be recognized as expense 1.2 1.7 |
Note 11 - Earnings Per Share
Note 11 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 1 1 . 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 Effective in 2015, zero 429 6.25% three nine September 30, 2018, 977 4,118 three nine September 30, 2017, May 1, 2018, 6.25% 7 Long-Term Obligations 50 264 three nine September 30, 2018, nine September 30, 2017, 2,976 The calculation of basic and diluted earnings per share for the three nine September 30, 2018 2017 Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Net income (loss) attributable to Alaska Communications $ 1,817 $ 320 $ 7,360 $ (3,154 ) Weighted average common shares outstanding: Basic shares 53,184 52,434 52,994 52,159 Effect of stock-based compensation 932 1,360 893 - Diluted shares 54,116 53,794 53,887 52,159 Net income (loss) per share attributable to Alaska Communications: Basic $ 0.03 $ 0.01 $ 0.14 $ (0.06 ) Diluted $ 0.03 $ 0.01 $ 0.14 $ (0.06 ) |
Note 12 - Retirement Plans
Note 12 - Retirement Plans | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Pension and Other Postretirement Benefits Disclosure [Text Block] | 1 2 . 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 not 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. September 30, 2018, not 1974, The following table presents the net periodic pension expense for the ACS Retirement Plan for the three nine September 30, 2018 2017: Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Interest cost $ 143 $ 153 $ 425 $ 465 Expected return on plan assets (198 ) (184 ) (594 ) (554 ) Amortization of loss 42 184 338 550 Net periodic pension expense $ (13 ) $ 153 $ 169 $ 461 Net periodic pension expense is included in the line item “Other income (expense), net” in the Statements of Comprehensive Income (Loss). |
Note 13 - Supplemental Cash Flo
Note 13 - Supplemental Cash Flow Information | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | 1 3 . SUPPLEMENTAL CASH FLOW INFORMATION Restricted cash of $1,634 September 30, 2018 $1,600 $34. $11,814 December 31, 2017 $10,044 6.25% $1,734 $36. The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the statement of financial position at September 30, 2018 2017 September 30, 2018 2017 Cash and cash equivalents $ 17,292 $ 11,224 Restricted cash 1,634 11,927 Total cash, cash equivalents and restricted cash $ 18,926 $ 23,151 The following table presents supplemental non-cash transaction information for the nine September 30, 2018 2017: 2018 2017 Supplemental Non-cash Transactions: Capital expenditures incurred but not paid at September 30 $ 3,350 $ 5,591 Property acquired under capital leases $ - $ 1,078 Additions to ARO asset $ 752 $ 200 |
Note 14 - Business Segments
Note 14 - Business Segments | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 1 4 . BUSINESS SEGMENTS The Company operates its business under a single |
Note 15 - Commitments and Conti
Note 15 - Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 1 5 . COMMITMENTS AND CONTINGENCIES The Company enters into purchase commitments with vendors in the ordinary course of business, including minimum purchase agreements. 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 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 $929 September 30, 2018 not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2018 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying unaudited condensed consolidated financial statements and notes included in this Quarterly Report on Form 10 10 December 31, 2017. not See Note 2 Revenue Recognition The Company has consolidated the financial results of the AQ-JV 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 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 (loss) and cash flows for all periods presented. Comprehensive income for the three nine September 30, 2018, not December 31, 2017 not |
Use of Estimates, Policy [Policy Text Block] | 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 operating revenues, probable losses and expenses. Actual results could differ materially from those estimates. |
Out-of-Period Adjustment, Policy [Policy Text Block] | Out-of-Period Adjustment The Company determined that income tax expense as reported in its financial statements for the year ended December 31, 2017 $703. $703 $0.01, not December 31, 2017, not December 31, 2018. three March 31, 2018. $112 $2,069 three March 31, 2018, $2,080 $7,276 nine September 30, 2018, $703 |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Adopted Accounting Pronouncements Effective January 1, 2018, 606, Revenue from Contracts with Customers ” 606” 606 606 not $6,898, $1,960. $4,938. 2 Revenue Recognition 606. Effective January 1, 2018, No. 2017 07, Compensation – Retirement Benefits (Topic 715 2017 07” 2017 07 one 2017 07 not one not $13 $169 three nine September 30, 2018 2017 07 $153 $461 three nine September 30, 2017 2017 07 Effective January 1, 2018, No. 2017 09, Compensation – Stock Compensation (Topic 718 Scope of Modification Accounting 2017 09” 2017 09 718. 2017 09 not not 2017 09 January 1, 2018. 2017 09 no nine September 30, 2018. Accounting Pronouncements Issued Not In February 2016, No. 2016 02, Leases (Topic 842 2016 02” 2016 02 2016 02 2016 02, December 15, 2018, 2016 02 2016 02 2016 02, January 1, 2019 not 2019. In August 2017, No. 2017 12, Derivatives and Hedging (Topic 815 2017 12” 2017 12 2017 12 December 15, 2018. 2017 12 In August 2018, No. 2018 13, Fair Value Measurement (Topic 820 2018 13” 2018 13 1 2 3 3 3 2018 13 December 15, 2019 2018 13 not In August 2018, No. 2018 14, Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715 20 2018 14” 2018 14 2018 14 2018 14 December 15, 2020 2018 14 In August 2018, No. 2018 15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350 40 2018 15” 2018 15 2018 15 December 15, 2019 2018 15 |
Note 2 - Revenue Recognition (T
Note 2 - Revenue Recognition (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | Three Months As Reported Effect of Adoption of ASC 606 Excluding Adoption of ASC 606 Operating revenues $ 58,229 $ - $ 58,229 Total operating expenses 52,466 676 53,142 Operating income 5,763 (676 ) 5,087 Income before income tax expense 2,579 (676 ) 1,903 Net income attributable to Alaska Communications 1,817 (484 ) 1,333 Net income per share attributable to Alaska Communications: Basic $ 0.03 $ (0.00 ) $ 0.03 Diluted $ 0.03 $ (0.01 ) $ 0.02 Nine Months As Reported Effect of Adoption of ASC 606 Excluding Adoption of ASC 606 Operating revenues $ 173,779 $ - $ 173,779 Total operating expenses 154,385 772 155,157 Operating income 19,394 (772 ) 18,622 Income before income tax expense 9,356 (772 ) 8,584 Net income attributable to Alaska Communications 7,360 (553 ) 6,807 Net income per share attributable to Alaska Communications: Basic $ 0.14 $ (0.01 ) $ 0.13 Diluted $ 0.14 $ (0.01 ) $ 0.13 September 30, 2018 As Reported Effect of Adoption of ASC 606 Excluding Adoption of ASC 606 Deferred income taxes $ 820 $ 1,460 $ 2,280 Other assets 19,330 (7,670 ) 11,660 Total assets 449,969 (6,210 ) 443,759 Deferred income taxes 2,233 (719 ) 1,514 Total liabilities 281,931 (719 ) 281,212 Retained earnings 8,719 (5,491 ) 3,228 Total liabilities and stockholders' equity 449,969 (6,210 ) 443,759 |
Disaggregation of Revenue [Table Text Block] | Three Months Nine Months Accounted for Under ASC 606 Accounted for Under Other Guidance Total Revenue Accounted for Under ASC 606 Accounted for Under Other Guidance Total Revenue Business and Wholesale Revenue Business broadband $ 15,309 $ - $ 15,309 $ 45,859 $ - $ 45,859 Business voice and other 7,199 - 7,199 21,088 - 21,088 Managed IT services 1,480 - 1,480 3,936 - 3,936 Equipment sales and installations 1,488 - 1,488 3,870 - 3,870 Wholesale broadband 7,624 - 7,624 23,475 - 23,475 Wholesale voice and other 1,525 - 1,525 4,455 - 4,455 Operating leases and other deferred revenue - 1,740 1,740 - 4,923 4,923 Total Business and Wholesale Revenue 34,625 1,740 36,365 102,683 4,923 107,606 Consumer Revenue Broadband 6,539 - 6,539 19,726 - 19,726 Voice and other 2,719 - 2,719 8,355 - 8,355 Total Consumer Revenue 9,258 - 9,258 28,081 - 28,081 Regulatory Revenue Access (1) 5,944 - 5,944 18,203 - 18,203 Access (2) - 1,738 1,738 - 5,118 5,118 High-cost support - 4,924 4,924 - 14,771 14,771 Total Regualtory Revenue 5,944 6,662 12,606 18,203 19,889 38,092 Total Revenue $ 49,827 $ 8,402 $ 58,229 $ 148,967 $ 24,812 $ 173,779 |
Revenue Accounted for In Accordance with ASC 606, By Timing of Revenue Recognition [Table Text Block] | Three Nine Months Months Services transferred over time $ 42,395 $ 126,894 Goods transferred at a point in time 1,488 3,870 Regulatory access revenue (1) 5,944 18,203 Total revenue $ 49,827 $ 148,967 |
Contract with Customer, Asset and Liability [Table Text Block] | Balance at beginning of period $ 6,898 Contract additions 3,531 Amortization (2,759 ) Balance at end of period $ 7,670 Balance at beginning of period $ 1,150 Contract additions 1,569 Revenue recognized (555 ) Balance at end of period $ 2,164 |
Note 3 - Joint Venture (Tables)
Note 3 - Joint Venture (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Variable Interest Entities [Table Text Block] | 2018 2017 Cash $ 270 $ 190 Property, plant and equipment, net of accumulated depreciation of $285 and $211 $ 1,856 $ 1,930 |
Note 4 - Fair Value Measureme_2
Note 4 - Fair Value Measurements and Derivative Financial Instruments (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | September 30, 2018 December 31, 2017 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Other assets: Interest rate swaps $ 686 $ - $ 686 $ - $ 515 $ - $ 515 $ - |
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] | Notional Fair Balance Sheet Location Amount Value At September 30, 2018: Interest rate swaps Other assets $ 90,000 $ 686 At December 31, 2017: Interest rate swaps Other assets $ 90,000 $ 515 |
Derivative Instruments, Gain (Loss) [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Gain recognized in accumulated other comprehensive loss $ 17 $ 21 $ 429 $ 177 Gain (loss) reclassified from accumulated other comprehensive loss 136 (33 ) 258 (82 ) |
Note 5 - Accounts Receivable (T
Note 5 - Accounts Receivable (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | 2018 2017 Retail customers $ 20,306 $ 22,227 Wholesale carriers 8,579 8,146 Other 3,622 4,891 32,507 35,264 Less: allowance for doubtful accounts (3,939 ) (2,729 ) Accounts receivable, net $ 28,568 $ 32,535 |
Changes in the Allowance for Doubtful Accounts [Table Text Block] | <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 10%; margin-left: 10%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018 </div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 81%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Balance at January 1</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,729</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Provision for uncollectible accounts</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,371</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Charged to other accounts</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(658</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Deductions</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(503</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Balance at September 30</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,939</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> </tr> </table></div>" id="sjs-B5"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 10%; margin-left: 10%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018 </div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 81%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Balance at January 1</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,729</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Provision for uncollectible accounts</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,371</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Charged to other accounts</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(658</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Deductions</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(503</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Balance at September 30</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,939</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> </tr> </table></div> |
Note 6 - Current Liabilities (T
Note 6 - Current Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | 2018 2017 Accounts payable - trade $ 13,555 $ 17,739 Accrued payroll, benefits, and related liabilities 12,324 9,286 Deferred capacity and other revenue 5,890 4,817 Other 6,662 4,306 Total accounts payable, accrued and other current liabilities $ 38,431 $ 36,148 |
Schedule of Advance Billing and Customer Deposits [Table Text Block] | 2018 2017 Advance billings $ 4,279 $ 4,181 Customer deposits 32 32 Total advance billings and customer deposits $ 4,311 $ 4,213 |
Note 7 - Long-term Obligations
Note 7 - Long-term Obligations (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | 2018 2017 2017 senior secured credit facility due 2023 $ 173,400 $ 178,350 Debt discount (2,184 ) (2,668 ) Debt issuance costs (2,353 ) (2,869 ) 6.25% convertible notes due 2018 - 10,044 Debt discount - (18 ) Debt issuance costs - (4 ) Revolving credit facility loan - - Capital leases and other long-term obligations 2,984 3,154 171,847 185,989 Less current portion (6,844 ) (17,030 ) Long-term obligations, net of current portion $ 165,003 $ 168,959 |
Schedule of Maturities of Long-term Debt [Table Text Block] | 2018 (October 1 - December 31) $ 1,866 2019 (January 1 - December 31) 6,639 2020 (January 1 - December 31) 8,902 2021 (January 1 - December 31) 16,267 2022 (January 1 - December 31) 86,483 2023 (January 1 - December 31) 53,801 Thereafter 2,426 Total maturities of long-term obligations $ 176,384 |
Note 8 - Other Long-term Liab_2
Note 8 - Other Long-term Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Other Noncurrent Liabilities [Table Text Block] | 2018 2017 Deferred GCI capacity revenue, net of current portion $ 31,635 $ 33,184 Other deferred IRU capacity revenue, net of current portion 23,629 19,366 Other deferred revenue, net of current portion 1,944 1,391 Other 7,901 7,389 Total other long-term liabilities $ 65,109 $ 61,330 |
Note 9 - Accumulated Other Co_2
Note 9 - Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Defined Benefit Pension Interest Plan Rate Swaps Total Balance at December 31, 2017 $ (2,765 ) $ 369 $ (2,396 ) Other comprehensive income before reclassifications 121 306 427 Reclassifications from accumulated comprehensive income (loss) to net income 121 (184 ) (63 ) Net other comprehensive income 242 122 364 Balance at September 30, 2018 $ (2,523 ) $ 491 $ (2,032 ) |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Amortization of defined benefit plan pension items: Amortization of (income) loss $ (13 ) $ 153 $ 169 $ 461 Income tax effect 4 (63 ) (48 ) (189 ) After tax (9 ) 90 121 272 Amortization of (gain) loss on interest rate swap: Reclassification to interest expense (136 ) 33 (258 ) 82 Income tax effect 39 (14 ) 74 (34 ) After tax (97 ) 19 (184 ) 48 Total reclassifications, net of income tax $ (106 ) $ 109 $ (63 ) $ 320 |
Note 10 - Stock Incentive Pla_2
Note 10 - Stock Incentive Plans (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | Weighted Average Grant Date Number Fair of Units Value Nonvested at December 31, 2017 1,223 $ 2.00 Granted 695 1.72 Vested (677 ) 1.92 Canceled or expired (48 ) 1.86 Nonvested at September 30, 2018 1,193 $ 1.88 |
Schedule of Nonvested Performance-based Units Activity [Table Text Block] | Weighted Average Grant Date Number Fair of Units Value Nonvested at December 31, 2017 1,331 $ 1.47 Granted 1,243 0.55 Vested (126 ) 1.77 Canceled or expired (378 ) 1.73 Nonvested at September 30, 2018 2,070 $ 0.85 |
Schedule of Share-based Payment Award, Performance Stock Units, Valuation Assumptions [Table Text Block] | Valuation (grant) date July 20, 2018 July 23, 2018 Number of units granted 1,118 125 Fair market value of the Company's Common Stock $ 1.68 $ 1.67 Risk-free interest rate 2.66 % 2.70 % Expected dividend yield 0 % 0 % Expected volatility 37.08 % 36.89 % Simulation period (in years) 3 3 Estimated fair value per award: Vesting Tranche 1 $ 0.37 $ 0.35 Vesting Tranche 2 $ 0.59 $ 0.58 Vesting Tranche 3 $ 0.71 $ 0.70 |
Share-based Compensation, Activity [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Total compensation cost for share-based payments $ 642 $ 261 $ 1,209 $ 842 Weighted average grant-date fair value of equity instruments granted (per share) $ 0.80 $ 2.27 $ 0.97 $ 2.26 Total fair value of shares vested during the period $ - $ 83 $ 1,524 $ 2,369 At September 30: Unamortized share-based payments $ 2,039 $ 2,276 Weighted average period (in years) to be recognized as expense 1.2 1.7 |
Note 11 - Earnings Per Share (T
Note 11 - Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Net income (loss) attributable to Alaska Communications $ 1,817 $ 320 $ 7,360 $ (3,154 ) Weighted average common shares outstanding: Basic shares 53,184 52,434 52,994 52,159 Effect of stock-based compensation 932 1,360 893 - Diluted shares 54,116 53,794 53,887 52,159 Net income (loss) per share attributable to Alaska Communications: Basic $ 0.03 $ 0.01 $ 0.14 $ (0.06 ) Diluted $ 0.03 $ 0.01 $ 0.14 $ (0.06 ) |
Note 12 - Retirement Plans (Tab
Note 12 - Retirement Plans (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Net Benefit Costs [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Interest cost $ 143 $ 153 $ 425 $ 465 Expected return on plan assets (198 ) (184 ) (594 ) (554 ) Amortization of loss 42 184 338 550 Net periodic pension expense $ (13 ) $ 153 $ 169 $ 461 |
Note 13 - Supplemental Cash F_2
Note 13 - Supplemental Cash Flow Information (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Reconciliation of Cash, Cash Equivalents, and Restricted Cash [Table Text Block] | September 30, 2018 2017 Cash and cash equivalents $ 17,292 $ 11,224 Restricted cash 1,634 11,927 Total cash, cash equivalents and restricted cash $ 18,926 $ 23,151 |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | 2018 2017 Supplemental Non-cash Transactions: Capital expenditures incurred but not paid at September 30 $ 3,350 $ 5,591 Property acquired under capital leases $ - $ 1,078 Additions to ARO asset $ 752 $ 200 |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2018 | Mar. 31, 2018 | Sep. 30, 2017 | Jun. 30, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | Jan. 01, 2018 | |
Income Tax Expense, Overstated Amount | $ 703 | |||||||
Net Income (Loss), Understated Amount | $ 703 | |||||||
Net Income (Loss) Per Share, Understated | $ 0.01 | |||||||
Income Tax Expense (Benefit), Total | $ 774 | $ (112) | $ (422) | $ 2,080 | $ (1,886) | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total | 1,805 | $ 2,069 | 284 | 7,276 | (3,254) | |||
Contract with Customer, Asset, Net, Current, Total | $ 6,898 | |||||||
Deferred Income Tax Liability from Contract Asset | 1,960 | 1,960 | ||||||
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Total | (13) | $ 153 | 169 | $ 461 | ||||
Other Nonoperating Income (Expense) [Member] | ||||||||
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Total | (13) | 169 | ||||||
Accounting Standards Update 2014-09 [Member] | ||||||||
Cumulative Effect on Retained Earnings, Net of Tax, Total | 4,938 | |||||||
Reclassification of Net Periodic Pension Expense from Selling, General and Administrative to Other Income (Expense), Net [Member] | Three Months Ended September 30, 2018 [Member] | ||||||||
Prior Period Reclassification Adjustment | 153 | |||||||
Reclassification of Net Periodic Pension Expense from Selling, General and Administrative to Other Income (Expense), Net [Member] | Nine Months Ended September 30, 2018 [Member] | ||||||||
Prior Period Reclassification Adjustment | 461 | |||||||
Overstatement of Income Tax Benefit [Member] | ||||||||
Quantifying Misstatement in Current Year Financial Statements, Amount | $ 703 | $ 703 | ||||||
Noncontrolling Interest [Member] | Quintillion Holdings, LLC [Member] | ||||||||
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage | 50.00% | |||||||
ACS Cable Systems LLC and Quintillion Holdings, LLC Joint Venture [Member] | ||||||||
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage | 50.00% | 50.00% |
Note 2 - Revenue Recognition 1
Note 2 - Revenue Recognition 1 (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2018 | Jun. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Mar. 31, 2018 | |
Selling, General and Administrative Expense, Total | $ 16,879 | $ 17,108 | $ 49,398 | $ 52,331 | ||
Annual Cap of Rural Health Care Support | $ 571,000 | $ 400,000 | ||||
Percentage of Refund Available | 100.00% | 84.40% | ||||
Contract with Customer, Asset, Cumulative Catch-up Adjustment to Revenue, Change in Estimate of Transaction Price | $ 2,082 | |||||
Revenue, Remaining Performance Obligation, Amount | 104,022 | 104,022 | ||||
Contract with Customer, Provision for Uncollectible Accounts Receivable | 2,371 | |||||
Accounting Standards Update 2014-09 [Member] | ||||||
Selling, General and Administrative Expense, Total | $ 676 | $ 772 |
Note 2 - Revenue Recognition 2
Note 2 - Revenue Recognition 2 (Details Textual) $ in Thousands | Sep. 30, 2018USD ($) |
Revenue, Remaining Performance Obligation, Amount | $ 104,022 |
Equipment Delivery, Installation and Configuration [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-10-01 | |
Revenue, Remaining Performance Obligation, Amount | $ 1,118 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Business Broad Band, Voice and Managed IT Services [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-10-01 | |
Revenue, Remaining Performance Obligation, Amount | $ 102,904 |
Business Broad Band, Voice and Managed IT Services [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-10-01 | Minimum [Member] | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Business Broad Band, Voice and Managed IT Services [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-10-01 | Maximum [Member] | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 10 years |
Note 2 - Revenue Recognition -
Note 2 - Revenue Recognition - Effect of Adoption of ASC 606 on the Company's Statement of Comprehensive Income and Balance Sheet (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Operating revenues | $ 58,229 | $ 56,703 | $ 173,779 | $ 171,970 | |
Total operating expenses | 52,466 | 53,031 | 154,385 | 157,814 | |
Operating income | 5,763 | 3,672 | 19,394 | 14,156 | |
Income before income tax expense | 2,579 | (138) | 9,356 | (5,140) | |
Net income attributable to Alaska Communications | $ 1,817 | $ 320 | $ 7,360 | $ (3,154) | |
Basic (in dollars per share) | $ 0.03 | $ 0.01 | $ 0.14 | $ (0.06) | |
Diluted (in dollars per share) | $ 0.03 | $ 0.01 | $ 0.14 | $ (0.06) | |
Deferred income taxes | $ 820 | $ 820 | $ 3,394 | ||
Other assets | 19,330 | 19,330 | 11,415 | ||
Total assets | 449,969 | 449,969 | 442,786 | ||
Deferred income taxes | 2,233 | 2,233 | 596 | ||
Total liabilities | 281,931 | 281,931 | 288,276 | ||
Retained earnings | 8,719 | 8,719 | (3,579) | ||
Total liabilities and stockholders' equity | 449,969 | 449,969 | $ 442,786 | ||
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Accounting Standards Update 2014-09 [Member] | |||||
Operating revenues | |||||
Total operating expenses | 676 | 772 | |||
Operating income | (676) | (772) | |||
Income before income tax expense | (676) | (772) | |||
Net income attributable to Alaska Communications | $ (484) | $ (553) | |||
Basic (in dollars per share) | $ 0 | $ (0.01) | |||
Diluted (in dollars per share) | $ (0.01) | $ (0.01) | |||
Deferred income taxes | $ 1,460 | $ 1,460 | |||
Other assets | (7,670) | (7,670) | |||
Total assets | (6,210) | (6,210) | |||
Deferred income taxes | (719) | (719) | |||
Total liabilities | (719) | (719) | |||
Retained earnings | (5,491) | (5,491) | |||
Total liabilities and stockholders' equity | (6,210) | (6,210) | |||
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | |||||
Operating revenues | 58,229 | 173,779 | |||
Total operating expenses | 53,142 | 155,157 | |||
Operating income | 5,087 | 18,622 | |||
Income before income tax expense | 1,903 | 8,584 | |||
Net income attributable to Alaska Communications | $ 1,333 | $ 6,807 | |||
Basic (in dollars per share) | $ 0.03 | $ 0.13 | |||
Diluted (in dollars per share) | $ 0.02 | $ 0.13 | |||
Deferred income taxes | $ 2,280 | $ 2,280 | |||
Other assets | 11,660 | 11,660 | |||
Total assets | 443,759 | 443,759 | |||
Deferred income taxes | 1,514 | 1,514 | |||
Total liabilities | 281,212 | 281,212 | |||
Retained earnings | 3,228 | 3,228 | |||
Total liabilities and stockholders' equity | $ 443,759 | $ 443,759 |
Note 2 - Revenue Recognition _2
Note 2 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Revenue Accounted for Under ASC 606 | $ 49,827 | $ 148,967 | |||
Revenue Accounted for Under Other Guidance | 8,402 | 24,812 | |||
Operating revenues | 58,229 | $ 56,703 | 173,779 | $ 171,970 | |
Business and Wholesale Revenue, Business Broadband [Member] | |||||
Revenue Accounted for Under ASC 606 | 15,309 | 45,859 | |||
Revenue Accounted for Under Other Guidance | |||||
Operating revenues | 15,309 | 45,859 | |||
Business and Wholesale Revenue, Business Voice and Other [Member] | |||||
Revenue Accounted for Under ASC 606 | 7,199 | 21,088 | |||
Revenue Accounted for Under Other Guidance | |||||
Operating revenues | 7,199 | 21,088 | |||
Business and Wholesale Revenue, Managed IT Services [Member] | |||||
Revenue Accounted for Under ASC 606 | 1,480 | 3,936 | |||
Revenue Accounted for Under Other Guidance | |||||
Operating revenues | 1,480 | 3,936 | |||
Business and Wholesale Revenue, Equipment Sales and Installations [Member] | |||||
Revenue Accounted for Under ASC 606 | 1,488 | 3,870 | |||
Revenue Accounted for Under Other Guidance | |||||
Operating revenues | 1,488 | 3,870 | |||
Business and Wholesale Revenue, Wholesale Broadband [Member] | |||||
Revenue Accounted for Under ASC 606 | 7,624 | 23,475 | |||
Revenue Accounted for Under Other Guidance | |||||
Operating revenues | 7,624 | 23,475 | |||
Business and Wholesale Revenue, Wholesale Voice and Other [Member] | |||||
Revenue Accounted for Under ASC 606 | 1,525 | 4,455 | |||
Revenue Accounted for Under Other Guidance | |||||
Operating revenues | 1,525 | 4,455 | |||
Business and Wholesale Revenue, Operating Leases and Other Deferred Revenue [Member] | |||||
Revenue Accounted for Under ASC 606 | |||||
Revenue Accounted for Under Other Guidance | 1,740 | 4,923 | |||
Operating revenues | 1,740 | 4,923 | |||
Business and Wholesale Revenue [Member] | |||||
Revenue Accounted for Under ASC 606 | 34,625 | 102,683 | |||
Revenue Accounted for Under Other Guidance | 1,740 | 4,923 | |||
Operating revenues | 36,365 | 107,606 | |||
Consumer Revenue, Broadband [Member] | |||||
Revenue Accounted for Under ASC 606 | 6,539 | 19,726 | |||
Revenue Accounted for Under Other Guidance | |||||
Operating revenues | 6,539 | 19,726 | |||
Consumer Revenue, Voice and Other [Member] | |||||
Revenue Accounted for Under ASC 606 | 2,719 | 8,355 | |||
Revenue Accounted for Under Other Guidance | |||||
Operating revenues | 2,719 | 8,355 | |||
Consumer Revenue [Member] | |||||
Revenue Accounted for Under ASC 606 | 9,258 | 28,081 | |||
Revenue Accounted for Under Other Guidance | |||||
Operating revenues | 9,258 | 28,081 | |||
Regulatory Revenue, Access, Including Customer Ordered Service and Special Access [Member] | |||||
Revenue Accounted for Under ASC 606 | [1] | 5,944 | 18,203 | ||
Revenue Accounted for Under Other Guidance | [1] | ||||
Operating revenues | [1] | 5,944 | 18,203 | ||
Regulatory Revenue, Access, Including Carrier of Last Resort and Carrier Common Line [Member] | |||||
Revenue Accounted for Under ASC 606 | [2] | ||||
Revenue Accounted for Under Other Guidance | [2] | 1,738 | 5,118 | ||
Operating revenues | [2] | 1,738 | 5,118 | ||
Regulatory, High-cost Support [Member] | |||||
Revenue Accounted for Under ASC 606 | |||||
Revenue Accounted for Under Other Guidance | 4,924 | 14,771 | |||
Operating revenues | 4,924 | 14,771 | |||
Regulatory Revenue [Member] | |||||
Revenue Accounted for Under ASC 606 | 5,944 | 18,203 | |||
Revenue Accounted for Under Other Guidance | 6,662 | 19,889 | |||
Operating revenues | $ 12,606 | $ 38,092 | |||
[1] | Includes customer ordered service and special access. | ||||
[2] | Includes carrier of last resort and carrier common line. |
Note 2 - Revenue Recognition _3
Note 2 - Revenue Recognition - Revenue Accounted for In Accordance With ASC 606, By Timing of Revenue Recognition (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2018 | ||
Total revenue | $ 49,827 | $ 148,967 | |
Transferred over Time [Member] | |||
Total revenue | 42,395 | 126,894 | |
Transferred at Point in Time [Member] | |||
Total revenue | 1,488 | 3,870 | |
Regulatory Revenue, Access [Member] | |||
Total revenue | [1] | $ 5,944 | $ 18,203 |
[1] | Includes customer ordered service and special access. |
Note 2 - Revenue Recognition _4
Note 2 - Revenue Recognition - Reconciliation of Contract Assets and Liabilities Associated With Contracts With Customers In Accordance With ASC 606 (Details) $ in Thousands | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Balance at beginning of period, contract assets | $ 6,898 |
Contract additions, contract assets | 3,531 |
Amortization, contract assets | (2,759) |
Balance at end of period, contract assets | 7,670 |
Balance at beginning of period, contract liabilities | 1,150 |
Contract additions, contract liabilities | 1,569 |
Revenue recognized, contract liabilities | (555) |
Balance at end of period, contract liabilities | $ 2,164 |
Note 3 - Joint Venture (Details
Note 3 - Joint Venture (Details Textual) - USD ($) $ in Thousands | Apr. 02, 2015 | Jun. 30, 2018 | Sep. 30, 2018 |
Variable Interest Entity, Initial Consolidation, Gain (Loss) | $ 0 | ||
ACS Cable Systems LLC and Quintillion Holdings, LLC Joint Venture [Member] | |||
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage | 50.00% | 50.00% | |
ACS Cable Systems LLC and Quintillion Holdings, LLC Joint Venture [Member] | Quintillion Holdings, LLC [Member] | |||
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage | 50.00% |
Note 3 - Joint Venture - Certai
Note 3 - Joint Venture - Certain Financial Information About the Joint Venture Included On the Company's Consolidated Balance Sheet (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Property, plant and equipment, net of accumulated depreciation of $285 and $211 | $ 368,570 | $ 366,113 |
ACS Cable Systems LLC and Quintillion Holdings, LLC Joint Venture [Member] | ||
Cash | 270 | 190 |
Property, plant and equipment, net of accumulated depreciation of $285 and $211 | $ 1,856 | $ 1,930 |
Note 3 - Joint Venture - Cert_2
Note 3 - Joint Venture - Certain Financial Information About the Joint Venture Included On the Company's Consolidated Balance Sheet (Details) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Property, plant and equipment, accumulated depreciation | $ 1,010,821 | $ 991,816 |
ACS Cable Systems LLC and Quintillion Holdings, LLC Joint Venture [Member] | ||
Property, plant and equipment, accumulated depreciation | $ 285 | $ 211 |
Note 4 - Fair Value Measureme_3
Note 4 - Fair Value Measurements and Derivative Financial Instruments (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | |||
Sep. 30, 2018 | May 01, 2018 | Dec. 31, 2017 | Jun. 14, 2017 | |
Interest Rate Swap [Member] | ||||
Derivative Final Notional Amount | $ 90,000 | |||
Derivative, Fixed Interest Rate | 6.49425% | |||
Interest Rate Swap [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||
Derivative, Basis Spread on Variable Rate | 5.00% | |||
6.25% Convertible Notes Due 2018 [Member] | ||||
Debt Instrument, Interest Rate, Stated Percentage | 6.25% | 6.25% | 6.25% | |
Debt and Capital Lease Obligations, Total | $ 10,026 | |||
6.25% Convertible Notes Due 2018 [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Debt and Capital Lease Obligations, Fair Value Disclosures | 10,026 | |||
Senior Credit Facilities and Other Long-Term Obligations [Member] | ||||
Debt and Capital Lease Obligations, Total | $ 174,200 | $ 178,836 | ||
The 2017 Senior Credit Facility [Member] | ||||
Debt Instrument Covenants, Minimum Borrowing | $ 90,000 | |||
Weighted Average Life of Senior Credit Facility | 2 years |
Note 4 - Fair Value Measureme_4
Note 4 - Fair Value Measurements and Derivative Financial Instruments - Financial Liabilities Measured at Fair Value on Recurring Basis (Details) - Interest Rate Swap [Member] - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Other assets | $ 686 | $ 515 |
Fair Value, Inputs, Level 1 [Member] | ||
Other assets | ||
Fair Value, Inputs, Level 2 [Member] | ||
Other assets | 686 | 515 |
Fair Value, Inputs, Level 3 [Member] | ||
Other assets |
Note 4 - Fair Value Measureme_5
Note 4 - Fair Value Measurements and Derivative Financial Instruments - Summary of Financial Instruments Designated as Cash Flow Hedges (Details) - Designated as Hedging Instrument [Member] - Interest Rate Swap [Member] - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Other Assets [Member] | ||
Notional Amount | $ 90,000 | |
Other assets | $ 686 | |
Other Noncurrent Liabilities [Member] | ||
Notional Amount | $ 90,000 | |
Fair Value | $ 515 |
Note 4 - Fair Value Measureme_6
Note 4 - Fair Value Measurements and Derivative Financial Instruments - Summary of Gains and Losses Before Income Taxes on Interest Rate Swap Cash Flow Hedges (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Gain recognized in accumulated other comprehensive loss | $ 17 | $ 21 | $ 429 | $ 177 |
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | ||||
Gain recognized in accumulated other comprehensive loss | 17 | 21 | 429 | 177 |
Gain (loss) reclassified from accumulated other comprehensive loss | $ 136 | $ (33) | $ 258 | $ (82) |
Note 5 - Accounts Receivable (D
Note 5 - Accounts Receivable (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 |
Annual Cap of Rural Health Care Support | $ 571,000 | $ 400,000 | ||
Percentage of Refund Available | 100.00% | 84.40% | ||
Accounts Receivable, Net, Current, Total | $ 28,568 | $ 32,535 | ||
Rural Health Care Customers [Member] | ||||
Accounts Receivable, Net, Current, Total | $ 6,564 | $ 8,580 |
Note 5 - Accounts Receivable -
Note 5 - Accounts Receivable - Summary of Accounts Receivable, Net (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Accounts receivable, gross | $ 32,507 | $ 35,264 |
Less: allowance for doubtful accounts | (3,939) | (2,729) |
Accounts receivable, net | 28,568 | 32,535 |
Retail Customers [Member] | ||
Accounts receivable, gross | 20,306 | 22,227 |
Wholesale Carriers [Member] | ||
Accounts receivable, gross | 8,579 | 8,146 |
Other [Member] | ||
Accounts receivable, gross | $ 3,622 | $ 4,891 |
Note 5 - Accounts Receivable _2
Note 5 - Accounts Receivable - Summary of Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Balance, beginning | $ 2,729 | |
Provision for uncollectible accounts | 2,371 | $ 2,562 |
Charged to other accounts | (658) | |
Deductions | (503) | |
Balance, ending | $ 3,939 |
Note 6 - Current Liabilities -
Note 6 - Current Liabilities - Summary of Accounts Receivable, Net (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Accounts payable - trade | $ 13,555 | $ 17,739 |
Accrued payroll, benefits, and related liabilities | 12,324 | 9,286 |
Deferred capacity and other revenue | 5,890 | 4,817 |
Other | 6,662 | 4,306 |
Total accounts payable, accrued and other current liabilities | $ 38,431 | $ 36,148 |
Note 6 - Current Liabilities _2
Note 6 - Current Liabilities - Summary of Advance Billings and Customer Deposits (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Advance billings | $ 4,279 | $ 4,181 |
Customer deposits | 32 | 32 |
Total advance billings and customer deposits | $ 4,311 | $ 4,213 |
Note 7 - Long-term Obligation_2
Note 7 - Long-term Obligations (Details Textual) - USD ($) $ in Thousands | May 01, 2018 | Dec. 31, 2021 | Sep. 30, 2018 | Mar. 31, 2021 | Dec. 31, 2022 | Mar. 31, 2020 | Mar. 31, 2021 | Dec. 31, 2017 |
The 2017 Senior Credit Facility [Member] | ||||||||
Debt Instrument Covenants, Minimum Borrowing | $ 90,000 | |||||||
Weighted Average Life of Senior Credit Facility | 2 years | |||||||
The 2017 Senior Credit Facility [Member] | Revolving Credit Facility [Member] | ||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 15,000 | |||||||
The 2017 Senior Credit Facility [Member] | Term A-1 Facility [Member] | ||||||||
Debt Instrument, Face Amount | $ 120,000 | |||||||
Debt Instrument, Maturity Date | Mar. 13, 2022 | |||||||
The 2017 Senior Credit Facility [Member] | Term A-1 Facility [Member] | Scenario, Forecast [Member] | ||||||||
Debt Instrument, Periodic Payment, Principal | $ 4,000 | $ 2,250 | $ 1,500 | |||||
The 2017 Senior Credit Facility [Member] | Term A-1 Facility [Member] | Minimum [Member] | ||||||||
Debt Instrument, London Interbank Offered Rate | 1.00% | |||||||
The 2017 Senior Credit Facility [Member] | Term A-1 Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||||
Debt Instrument, Basis Spread on Variable Rate | 5.00% | |||||||
The 2017 Senior Credit Facility [Member] | Term A-2 Facility [Member] | ||||||||
Debt Instrument, Maturity Date | Mar. 13, 2023 | |||||||
The 2017 Senior Credit Facility [Member] | Term A-2 Facility [Member] | Scenario, Forecast [Member] | ||||||||
Debt Instrument, Periodic Payment, Principal | $ 600 | $ 150 | ||||||
The 2017 Senior Credit Facility [Member] | Term A-2 Facility [Member] | Minimum [Member] | ||||||||
Debt Instrument, London Interbank Offered Rate | 1.00% | |||||||
The 2017 Senior Credit Facility [Member] | Term A-2 Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||||
Debt Instrument, Face Amount | $ 60,000 | |||||||
Debt Instrument, Basis Spread on Variable Rate | 7.00% | |||||||
The 2017 Senior Credit Facility [Member] | Revolving Credit Facility Loan [Member] | Minimum [Member] | ||||||||
Debt Instrument, London Interbank Offered Rate | 1.00% | |||||||
The 2017 Senior Credit Facility [Member] | Revolving Credit Facility Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||||
Debt Instrument, Basis Spread on Variable Rate | 5.00% | |||||||
6.25% Convertible Notes Due 2018 [Member] | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 6.25% | 6.25% | 6.25% | |||||
Debt Instrument, Repurchase Amount | $ 10,358 | |||||||
Debt Instrument, Repurchased Face Amount | 10,044 | |||||||
Debt Instrument, Repurchase Amount, Accrued Interest | 314 | |||||||
Gain (Loss) on Repurchase of Debt Instrument | 0 | |||||||
6.25% Convertible Notes Due 2018 Repurchased Utilizing Restricted Cash [Member] | ||||||||
Debt Instrument, Repurchase Amount | 10,044 | |||||||
6.25% Convertible Notes Due 2018 Repurchased Utilizing Cash On Hand [Member] | ||||||||
Debt Instrument, Repurchase Amount | $ 314 |
Note 7 - Long-term Obligation_3
Note 7 - Long-term Obligations - Summary of Long-term Obligations (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Capital leases and other long-term obligations | $ 171,847 | $ 185,989 |
Less current portion | (6,844) | (17,030) |
Long-term obligations, net of current portion | 165,003 | 168,959 |
The 2017 Senior Credit Facility [Member] | ||
Long-term obligations | 173,400 | 178,350 |
Debt discount | (2,184) | (2,668) |
Debt issuance costs | (2,353) | (2,869) |
The 2017 Senior Credit Facility [Member] | Revolving Credit Facility [Member] | ||
Revolving credit facility loan | ||
6.25% Convertible Notes Due 2018 [Member] | ||
Debt discount | (18) | |
Debt issuance costs | (4) | |
Convertible notes | 10,044 | |
Capital leases and other long-term obligations | $ 2,984 | $ 3,154 |
Note 7 - Long-term Obligation_4
Note 7 - Long-term Obligations - Summary of Long-term Obligations (Details) (Parentheticals) | Sep. 30, 2018 | May 01, 2018 | Dec. 31, 2017 |
6.25% Convertible Notes Due 2018 [Member] | |||
Interest rate on convertible notes | 6.25% | 6.25% | 6.25% |
Note 7 - Long-term Obligation_5
Note 7 - Long-term Obligations - Summary of Aggregate Maturities of Long-term Obligations (Details) $ in Thousands | Sep. 30, 2018USD ($) |
2018 (October 1 - December 31) | $ 1,866 |
2019 (January 1 - December 31) | 6,639 |
2020 (January 1 - December 31) | 8,902 |
2021 (January 1 - December 31) | 16,267 |
2022 (January 1 - December 31) | 86,483 |
2023 (January 1 - December 31) | 53,801 |
Thereafter | 2,426 |
Total maturities of long-term obligations | $ 176,384 |
Note 8 - Other Long-term Liab_3
Note 8 - Other Long-term Liabilities - Summary of Other Long-term Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Other | $ 7,901 | $ 7,389 |
Total other long-term liabilities | 65,109 | 61,330 |
Deferred GCI Capacity Revenue [Member] | ||
Deferred revenue, noncurrent | 31,635 | 33,184 |
Deferred IRU Capacity Revenue [Member] | ||
Deferred revenue, noncurrent | 23,629 | 19,366 |
Other Deferred Revenue [Member] | ||
Deferred revenue, noncurrent | $ 1,944 | $ 1,391 |
Note 9 - Accumulated Other Co_3
Note 9 - Accumulated Other Comprehensive Loss (Details Textual) $ in Thousands | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Estimated Reclassification from Accumulated Other Comprehensive Income Within Next Twelve Months | $ 686 |
Note 9 - Accumulated Other Co_4
Note 9 - Accumulated Other Comprehensive Loss - Summary of Activity in Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Balance, beginning | $ 154,510 | |||
Reclassifications from accumulated comprehensive income (loss) to net income | $ (106) | $ 109 | (63) | $ 320 |
Balance, ending | 168,038 | 168,038 | ||
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||||
Balance, beginning | (2,765) | |||
Other comprehensive income before reclassifications | 121 | |||
Reclassifications from accumulated comprehensive income (loss) to net income | 121 | |||
Net other comprehensive income | 242 | |||
Balance, ending | (2,523) | (2,523) | ||
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | Interest Rate Swap [Member] | ||||
Balance, beginning | 369 | |||
Other comprehensive income before reclassifications | 306 | |||
Reclassifications from accumulated comprehensive income (loss) to net income | (184) | |||
Net other comprehensive income | 122 | |||
Balance, ending | 491 | 491 | ||
AOCI Attributable to Parent [Member] | ||||
Balance, beginning | (2,396) | |||
Other comprehensive income before reclassifications | 427 | |||
Reclassifications from accumulated comprehensive income (loss) to net income | (63) | |||
Net other comprehensive income | 364 | |||
Balance, ending | $ (2,032) | $ (2,032) |
Note 9 - Accumulated Other Co_5
Note 9 - Accumulated Other Comprehensive Loss - Summary of Reclassifications from Accumulated Other Comprehensive Loss to Net Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Amortization of defined benefit plan pension items: | ||||
Amortization of (income) loss | $ (13) | $ 153 | $ 169 | $ 461 |
Income tax effect | 4 | (63) | (48) | (189) |
After tax | (9) | 90 | 121 | 272 |
Amortization of (gain) loss on interest rate swap: | ||||
Reclassification to interest expense | (136) | 33 | (258) | 82 |
Income tax effect | 39 | (14) | 74 | (34) |
After tax | (97) | 19 | (184) | 48 |
Total reclassifications, net of income tax | $ (106) | $ 109 | $ (63) | $ 320 |
Note 10 - Stock Incentive Pla_3
Note 10 - Stock Incentive Plans - Summary of Activity for Restricted Stock Units, Long-term Incentive Awards and Non-employee Director Stock Compensation (Details) - Restricted Stock Units (RSUs) [Member] shares in Thousands | 9 Months Ended |
Sep. 30, 2018$ / sharesshares | |
Number of shares - Nonvested (in shares) | shares | 1,223 |
Weighted average grant date fair value - Nonvested (in dollars per share) | $ / shares | $ 2 |
Number of shares - Granted (in shares) | shares | 695 |
Weighted average grant date fair value - Granted (in dollars per share) | $ / shares | $ 1.72 |
Number of shares - Vested (in shares) | shares | (677) |
Weighted average grant date fair value - Vested (in dollars per share) | $ / shares | $ 1.92 |
Number of shares - Canceled or expired (in shares) | shares | (48) |
Weighted average grant date fair value - Canceled or expired (in dollars per share) | $ / shares | $ 1.86 |
Number of shares - Nonvested (in shares) | shares | 1,193 |
Weighted average grant date fair value - Nonvested (in dollars per share) | $ / shares | $ 1.88 |
Note 10 - Stock Incentive Pla_4
Note 10 - Stock Incentive Plans - Summary of Activity for Performance Share Units (Details) - Performance Share Units [Member] shares in Thousands | 9 Months Ended |
Sep. 30, 2018$ / sharesshares | |
Number of shares - Nonvested (in shares) | shares | 1,331 |
Weighted average grant date fair value - Nonvested (in dollars per share) | $ / shares | $ 1.47 |
Number of shares - Granted (in shares) | shares | 1,243 |
Weighted average grant date fair value - Granted (in dollars per share) | $ / shares | $ 0.55 |
Number of shares - Vested (in shares) | shares | (126) |
Weighted average grant date fair value - Vested (in dollars per share) | $ / shares | $ 1.77 |
Number of shares - Canceled or expired (in shares) | shares | (378) |
Weighted average grant date fair value - Canceled or expired (in dollars per share) | $ / shares | $ 1.73 |
Number of shares - Nonvested (in shares) | shares | 2,070 |
Weighted average grant date fair value - Nonvested (in dollars per share) | $ / shares | $ 0.85 |
Note 10 - Stock Incentive Pla_5
Note 10 - Stock Incentive Plans - Valuation Assumptions for Performance Stock Units (Details) - $ / shares | Jul. 23, 2018 | Jul. 20, 2018 |
Fair market value of the Company's Common Stock (in dollars per share) | $ 1.67 | $ 1.68 |
Performance Share Units [Member] | ||
Risk-free interest rate | 2.70% | 2.66% |
Expected dividend yield | 0.00% | 0.00% |
Expected volatility | 36.89% | 37.08% |
Simulation period (in years) (Year) | 3 years | 3 years |
Performance Share Units [Member] | Share-based Compensation Award, Tranche One [Member] | ||
Estimated fair value per award (in dollars per share) | $ 0.35 | $ 0.37 |
Performance Share Units [Member] | Share-based Compensation Award, Tranche Two [Member] | ||
Estimated fair value per award (in dollars per share) | 0.58 | 0.59 |
Performance Share Units [Member] | Share-based Compensation Award, Tranche Three [Member] | ||
Estimated fair value per award (in dollars per share) | $ 0.70 | $ 0.71 |
Note 10 - Stock Incentive Pla_6
Note 10 - Stock Incentive Plans - Share-based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Total compensation cost for share-based payments | $ 642 | $ 261 | $ 1,209 | $ 842 |
Weighted average grant-date fair value of equity instruments granted (per share) (in dollars per share) | $ 0.80 | $ 2.27 | $ 0.97 | $ 2.26 |
Total fair value of shares vested during the period | $ 83 | $ 1,524 | $ 2,369 | |
Unamortized share-based payments | $ 2,039 | $ 2,276 | ||
Weighted average period to be recognized as expense (Year) | 1 year 73 days | 1 year 255 days |
Note 11 - Earnings Per Share (D
Note 11 - Earnings Per Share (Details Textual) - shares shares in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | May 01, 2018 | Dec. 31, 2017 | |
Restricted Stock Units (RSUs) [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 50 | 264 | ||||
Restricted Stock and Deferred Shares Granted to Directors [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2,976 | |||||
6.25% Convertible Notes Due 2018 [Member] | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 6.25% | 6.25% | 6.25% | 6.25% | ||
6.25% Convertible Notes Due 2018 [Member] | Convertible Notes Payable [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 977 | 429 | 4,118 | ||
Debt Instrument, Interest Rate, Stated Percentage | 6.25% | 6.25% |
Note 11 - Earnings Per Share -
Note 11 - Earnings Per Share - Calculation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net income attributable to Alaska Communications | $ 1,817 | $ 320 | $ 7,360 | $ (3,154) |
Weighted average common shares outstanding: | ||||
Basic shares (in shares) | 53,184 | 52,434 | 52,994 | 52,159 |
Effect of stock-based compensation (in shares) | 932 | 1,360 | 893 | |
Diluted shares (in shares) | 54,116 | 53,794 | 53,887 | 52,159 |
Basic (in dollars per share) | $ 0.03 | $ 0.01 | $ 0.14 | $ (0.06) |
Diluted (in dollars per share) | $ 0.03 | $ 0.01 | $ 0.14 | $ (0.06) |
Note 12 - Retirement Plans - Su
Note 12 - Retirement Plans - Summary of Net Periodic Pension Expense for ACS Retirement Plan (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Interest cost | $ 143 | $ 153 | $ 425 | $ 465 |
Expected return on plan assets | (198) | (184) | (594) | (554) |
Amortization of loss | 42 | 184 | 338 | 550 |
Net periodic pension expense | $ (13) | $ 153 | $ 169 | $ 461 |
Note 13 - Supplemental Cash F_3
Note 13 - Supplemental Cash Flow Information (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2018 | May 01, 2018 | Dec. 31, 2017 |
Restricted Cash and Cash Equivalents, Current, Total | $ 1,634 | $ 11,814 | |
6.25% Convertible Notes Due 2018 [Member] | |||
Restricted Cash and Cash Equivalents, Current, Total | $ 10,044 | ||
Debt Instrument, Interest Rate, Stated Percentage | 6.25% | 6.25% | 6.25% |
Certificates of Deposit [Member] | |||
Restricted Cash and Cash Equivalents, Current, Total | $ 1,600 | $ 1,734 | |
Other Restricted Cash [Member] | |||
Restricted Cash and Cash Equivalents, Current, Total | $ 34 | $ 36 |
Note 13 - Supplemental Cash F_4
Note 13 - Supplemental Cash Flow Information - Reconciliation of Cash and Cash Equivalents and Restricted Cash Reported Within the Statement of Financial Position (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Dec. 31, 2016 |
Cash and cash equivalents | $ 17,292 | $ 4,354 | $ 11,224 | |
Restricted cash | 1,634 | 11,927 | ||
Total cash, cash equivalents and restricted cash | $ 18,926 | $ 16,168 | $ 23,151 | $ 23,145 |
Note 13 - Supplemental Cash F_5
Note 13 - Supplemental Cash Flow Information - Summary of Supplemental Non-cash Transaction and Nonmonetary Exchange Information (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Supplemental Non-cash Transactions: | ||
Capital expenditures incurred but not paid at September 30 | $ 3,350 | $ 5,591 |
Property acquired under capital leases | 1,078 | |
Additions to ARO asset | $ 752 | $ 200 |
Note 14 - Business Segments (De
Note 14 - Business Segments (Details Textual) | 9 Months Ended |
Sep. 30, 2018 | |
Number of Reportable Segments | 1 |
Note 15 - Commitments and Con_2
Note 15 - Commitments and Contingencies (Details Textual) $ in Thousands | Sep. 30, 2018USD ($) |
Estimated Litigation Liability | $ 929 |