Consolidated Communications (CNSL) 10-K2 Mar 152014 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2014	Feb. 13, 2015	Jun. 30, 2014
Document and Entity Information
Entity Registrant Name	Consolidated Communications Holdings, Inc.
Entity Central Index Key	1304421
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$840,091,914
Entity Common Stock, Shares Outstanding		50,364,473
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Net revenues	$635,738	$601,577	$477,877
Operating expense:
Cost of services and products (exclusive of depreciation and amortization)	242,661	222,452	175,929
Selling, general and administrative expenses	140,636	135,414	108,163
Acquisition and other transaction costs	11,817	776	20,800
Impairment of intangible assets			1,236
Depreciation and amortization	149,435	139,274	120,332
Income from operations	91,189	103,661	51,417
Other income (expense):
Interest expense, net of interest income	-82,537	-85,767	-72,604
Loss on extinguishment of debt	-13,785	-7,657	-4,455
Investment income	34,516	37,695	30,667
Other, net	-968	-456	601
Income from continuing operations before income taxes	28,415	47,476	5,626
Income tax expense	13,027	17,512	661
Income from continuing operations	15,388	29,964	4,965
Discontinued operations, net of tax:
Income from discontinued operations, net of tax		-156	1,206
Gain on sale of discontinued operations, net of tax		1,333
Total discontinued operations		1,177	1,206
Net income	15,388	31,141	6,171
Less: net income attributable to noncontrolling interest	321	330	531
Net income attributable to common shareholders	$15,067	$30,811	$5,640
Net income per common share - basic and diluted
Income from continuing operations (in dollars per share)	$0.35	$0.73	$0.12
Discontinued operations, net of tax (in dollars per share)		$0.03	$0.03
Net income per basic and diluted common share attributable to common shareholders (in dollars per share)	$0.35	$0.76	$0.15
Dividends declared per common share (in dollars per share)	$1.55	$1.55	$1.55

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$15,388	$31,141	$6,171
Pension and post-retirement obligations:
Change in net actuarial loss and prior service credit, net of tax expense (benefit) of $(22,473), $24,604 and $(8,932) in 2014, 2013 and 2012, respectively	-35,107	39,381	-14,205
Amortization of actuarial losses and prior service credit to earnings, net of tax expense of $(400), $1,172 and $771 in 2014, 2013 and 2012, respectively	-637	1,843	1,276
Derivative instruments designated as cash flow hedges:
Change in fair value of derivatives, net of tax benefit of $51, $233 and $2,074 in 2014, 2013 and 2012, respectively	-81	-381	-3,557
Reclassification of realized loss to earnings, net of tax expense of $781, $1,934 and $5,129 in 2014, 2013 and 2012, respectively	1,269	3,941	8,535
Comprehensive income	-19,168	75,925	-1,780
Less: comprehensive income attributable to noncontrolling interest	321	330	531
Total comprehensive income attributable to common shareholders	($19,489)	$75,595	($2,311)

CONSOLIDATED_STATEMENTS_OF_COM1

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical ) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Change in net actuarial loss and prior service credit, tax benefit (expense)	$22,473	($24,604)	$8,932
Amortization of actuarial losses and prior service credit to earnings, tax benefit (expense)	400	-1,172	-771
Change in fair value of derivatives, tax benefit	-51	-233	-2,074
Reclassification of realized (gain) loss to earnings, tax expense	$781	$1,934	$5,129

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$6,679	$5,551
Accounts receivable, net	77,536	52,033
Income tax receivable	18,940	9,796
Deferred income taxes	13,374	7,960
Prepaid expenses and other current assets	17,616	12,380
Total current assets	134,145	87,720
Property, plant and equipment, net	1,135,333	885,362
Investments	115,376	113,099
Goodwill	765,806	603,446
Other intangible assets	50,292	40,084
Deferred debt issuance costs, net and other assets	19,313	17,667
Total assets	2,220,265	1,747,378
Current liabilities:
Accounts payable	15,277	4,885
Advance billings and customer deposits	31,933	25,934
Dividends payable	19,510	15,520
Accrued compensation	32,581	22,252
Accrued interest	6,784	3,524
Accrued expense	39,698	35,173
Current portion of long-term debt and capital lease obligations	9,849	9,751
Current portion of derivative liability	443	660
Total current liabilities	156,075	117,699
Long-term debt and capital lease obligations	1,356,753	1,212,134
Deferred income taxes	243,576	179,859
Pension and other postretirement obligations	122,367	75,754
Other long-term liabilities	14,581	9,593
Total liabilities	1,893,352	1,595,039
Commitments and contingencies
Shareholders' equity:
Common stock, par value $0.01 per share; 100,000,000 shares authorized, 50,364,579 and 40,065,246 shares outstanding as of December 31, 2014 and 2013, respectively	504	401
Additional paid-in capital	357,139	148,433
Accumulated other comprehensive loss, net	-35,556	-1,000
Noncontrolling interest	4,826	4,505
Total shareholders' equity	326,913	152,339
Total liabilities and shareholders' equity	$2,220,265	$1,747,378

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares outstanding	50,364,579	40,065,246

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss, net	Non-controlling Interest	Total
In Thousands, unless otherwise specified	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss, net	Non-controlling Interest	Total
Balance at Dec. 31, 2011	$299	$79,852		($37,833)	$5,494	$47,812
Balance (in shares) at Dec. 31, 2011	29,870
Increase (Decrease) in Stockholders' Equity
Cash dividends on common stock		-52,352	-5,640			-57,992
Shares issued upon acquisition of SureWest/Enventis	100	148,293				148,393
Shares issued upon the acquisition of SureWest/Enventis (in shares)	9,966
Shares issued under employee plan, net of forfeitures (in shares)	79
Non-cash, stock-based compensation		2,348				2,348
Purchase and retirement of common stock		-559				-559
Purchase and retirement of common stock (in shares)	-37
Tax on restricted stock vesting		47				47
Distributions to non-controlling interests					-1,850	-1,850
Other comprehensive income (loss)				-7,951		-7,951
Other		-314				-314
Net income			5,640		531	6,171
Balance at Dec. 31, 2012	399	177,315		-45,784	4,175	136,105
Balance (in shares) at Dec. 31, 2012	39,878
Increase (Decrease) in Stockholders' Equity
Cash dividends on common stock		-31,310	-30,811			-62,121
Shares issued under employee plan, net of forfeitures	2					2
Shares issued under employee plan, net of forfeitures (in shares)	234
Non-cash, stock-based compensation		3,028				3,028
Purchase and retirement of common stock		-889				-889
Purchase and retirement of common stock (in shares)	-46
Tax on restricted stock vesting		289				289
Other comprehensive income (loss)				44,784		44,784
Net income			30,811		330	31,141
Balance at Dec. 31, 2013	401	148,433		-1,000	4,505	152,339
Balance (in shares) at Dec. 31, 2013	40,066
Increase (Decrease) in Stockholders' Equity
Cash dividends on common stock		-51,264	-15,067			-66,331
Shares issued upon acquisition of SureWest/Enventis	101	257,558				257,659
Shares issued upon the acquisition of SureWest/Enventis (in shares)	10,144
Shares issued under employee plan, net of forfeitures	2	-2
Shares issued under employee plan, net of forfeitures (in shares)	224
Non-cash, stock-based compensation		3,622				3,622
Purchase and retirement of common stock		-1,856				-1,856
Purchase and retirement of common stock (in shares)	-69
Tax on restricted stock vesting		879				879
Other comprehensive income (loss)				-34,556		-34,556
Other		-231				-231
Net income			15,067		321	15,388
Balance at Dec. 31, 2014	$504	$357,139		($35,556)	$4,826	$326,913
Balance (in shares) at Dec. 31, 2014	50,365

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Net income	$15,388	$31,141	$6,171
Income from discontinued operations, net of tax		-1,177	-1,206
Income from continuing operations	15,388	29,964	4,965
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	149,435	139,274	120,332
Impairment of intangible assets			1,236
Deferred income taxes	10,244	16,045	-757
Cash distributions from wireless partnerships in excess of/(less than) current earnings	212	-2,949	-1,309
Stock-based compensation expense	3,636	3,028	2,348
Amortization of deferred financing costs	4,364	2,209	6,360
Loss on extinguishment of debt	13,785	7,657	4,455
Other, net	2,973	1,788	-332
Changes in operating assets and liabilities:
Accounts receivable, net	11,896	5,937	-1,797
Income tax receivable	-3,406	2,224	-2,846
Prepaids and other assets	1,953	-1,111	-803
Accounts payable	-1,904	-10,069	4,496
Accrued expenses and other liabilities	-20,791	-25,467	-16,616
Net cash provided by continuing operations	187,785	168,530	119,732
Net cash used in discontinued operations		-4,174	3,483
Net cash provided by operating activities	187,785	164,356	123,215
Cash flows from investing activities:
Business acquisition, net of cash acquired	-139,558		-385,346
Purchases of property, plant and equipment, net	-108,998	-107,363	-76,998
Purchase of investments	-100	-403	-6,728
Proceeds from sale of assets	1,795	330	924
Other			-314
Net cash used in continuing operations	-246,861	-107,436	-468,462
Net cash provided by discontinued operations		2,331	-97
Net cash used in investing activities	-246,861	-105,105	-468,559
Cash flows from financing activities:
Proceeds on bond offering	200,000		298,035
Proceeds from the issuance of long-term debt	80,000	989,450	544,850
Partial redemption of senior notes	-84,127
Payment of capital lease obligation	-703	-516	-228
Payment on long-term debt	-63,100	-990,961	-510,038
Payment of financing costs	-7,438	-6,576	-18,616
Distributions to noncontrolling interest			-1,850
Repurchase and retirement of common stock	-1,856	-887	-559
Dividends on common stock	-62,341	-62,064	-54,100
Other	-231
Net cash provided by (used in) financing activities	60,204	-71,554	257,494
Increase (decrease) in cash and cash equivalents	1,128	-12,303	-87,850
Cash and cash equivalents at beginning of period	5,551	17,854	105,704
Cash and cash equivalents at end of period	$6,679	$5,551	$17,854

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1.BUSINESS DESCRIPTION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Business and Basis of Accounting

Consolidated Communications Holdings, Inc. (the “Company”, “we” or “our”) is a holding company with operating subsidiaries (collectively “Consolidated”) that provide integrated communications services in consumer, commercial, and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas, and Wisconsin. We operate as both an Incumbent Local Exchange Carrier (“ILEC”) and a Competitive Local Exchange Carrier (“CLEC”), dependent upon the territory served. We provide a wide range of services and products that include local and long-distance service, high-speed broadband Internet access, video services, Voice over Internet Protocol (“VoIP”), private line services, carrier grade access services, network capacity services over our regional fiber optic networks, cloud services, data center and managed services, directory publishing, and equipment sales. As of December 31, 2014, we had approximately 270 thousand access lines, 167 thousand voice connections, 290 thousand data and Internet connections and 123 thousand video connections.

Use of Estimates

Preparation of the financial statements in conformity with accounting principles generally accepted in the United States and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) requires management to make estimates and assumptions that effect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ materially from those estimates. Our critical accounting estimates include (i) impairment evaluations associated with indefinite-lived intangible assets (Note 1), (ii) revenue recognition (Note 1), (iii) derivatives (Notes 1 and 7), (iv) business combinations (Note 3), (v) the determination of deferred tax asset and liability balances (Notes 1 and 10) and (vi) pension plan and other post-retirement costs and obligations (Notes 1 and 9).

Principles of Consolidation

Our consolidated financial statements include the accounts of the Company and our wholly-owned subsidiaries and subsidiaries in which we have a controlling financial interest. All significant intercompany transactions have been eliminated.

Recent Business Developments

Enventis Merger

On October 16, 2014, we completed our acquisition of Enventis Corporation, a Minnesota corporation (“Enventis”) in which we acquired all the issued and outstanding shares of Enventis in exchange for shares of our common stock. The financial results for Enventis have been included in our consolidated financial statements as of the acquisition date. For a more complete discussion of the transaction, refer to Note 3.

Discontinued Operations

On September 13, 2013, we completed the sale of the assets and contractual rights used to provide communications services to inmates in thirteen county jails located in Illinois for a total purchase price of $2.5 million. In accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 205-20, “Discontinued Operations”, the financial results of the prison services business have been reported as a discontinued operation in our consolidated financial statements for the years ended on or before December 31, 2013. For a more complete discussion of the transaction, refer to Note 3.

SureWest Merger

We completed the acquisition of SureWest Communications (“SureWest”) on July 2, 2012. SureWest’s results of operations are included within our results following the acquisition date. For a more complete discussion of the transaction, refer to Note 3.

Cash and Cash Equivalents

We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents. Our cash equivalents consist primarily of money market funds. The carrying amounts of our cash equivalents approximate their fair value.

Accounts Receivable and Allowance for Doubtful Accounts

Accounts receivable consist primarily of amounts due to the Company from normal activities. We maintain an allowance for doubtful accounts for estimated losses, which result from the inability of our customers to make required payments. Such allowance is based on the likelihood of recoverability of accounts receivable based on past experience and management’s best estimates of current bad debt exposures. We perform ongoing credit evaluations of our customers’ financial condition and management believes that adequate allowances for doubtful accounts have been provided. Accounts are determined to be past due if customer payments have not been received in accordance with the payment terms. Uncollectible accounts are charged against the allowance for doubtful accounts and removed from the accounts receivable balances when internal collection efforts have been unsuccessful in collecting the amount due. The following table summarizes the activity in our accounts receivable allowance account for the years ended December 31, 2014, 2013 and 2012:

Year Ended December 31,

(In thousands)

2014

2013

2012

Balance at beginning of year

1,598

4,025

2,547

Provision charged to expense

3,320

515

5,615

Write-offs, less recoveries

-2,166

-2,942

-4,137

Balance at end of year

2,752

1,598

4,025

Investments

Our investments are primarily accounted for under either the equity or cost method. If we have the ability to exercise significant influence over the operations and financial policies of an affiliated company, the investment in the affiliated company is accounted for using the equity method. If we do not have control and also cannot exercise significant influence, the investment in the affiliated company is accounted for using the cost method.

We review our investment portfolio periodically to determine whether there are identified events or circumstances that would indicate there is a decline in the fair value that is considered to be other than temporary. If we believe the decline is other than temporary, we evaluate the financial performance of the business and compare the carrying value of the investment to quoted market prices (if available) or the fair value of similar investments. If an investment is deemed to have experienced an impairment that is considered other-than temporary, the carrying amount of the investment is reduced to its quoted or estimated fair value, as applicable, and an impairment loss is recognized in other income (expense).

Fair Value of Financial Instruments

We account for certain assets and liabilities at fair value. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. A financial asset or liability’s classification within a three-tiered value hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The hierarchy prioritizes the inputs to valuation techniques into three broad levels in order to maximize the use of observable inputs and minimize the use of unobservable inputs. The levels of the fair value hierarchy are as follows:

Level 1

–

Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2

–

Inputs that reflect quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in inactive markets and inputs other than quoted prices that are directly or indirectly observable in the marketplace.

Level 3

–

Unobservable inputs which are supported by little or no market activity.

Property, Plant and Equipment

Property, plant and equipment are recorded at cost. We capitalize additions and substantial improvements and expense repairs and maintenance costs as incurred.

We capitalize the cost of internal-use network and non-network software which has a useful life in excess of one year. Subsequent additions, modifications or upgrades to internal-use network and non-network software are capitalized only to the extent that they allow the software to perform a task it previously did not perform. Software maintenance and training costs are expensed in the period in which they are incurred. Also, we capitalize interest associated with the development of internal-use network and non-network software.

Property, plant and equipment consisted of the following as of December 31, 2014 and 2013:

(In thousands)

December 31,

Estimated

2014

2013

Useful Lives

Land and buildings

116,523

98,663

18-40 years

Network and outside plant facilities

1,854,975

1,543,190

3-50 years

Furniture, fixtures and equipment

136,682

99,578

3-15 years

Assets under capital lease

11,510

11,169

3-11 years

Total plant in service

2,119,690

1,752,600

Less: accumulated depreciation and amortization

-1,025,665

-899,926

Plant in service

1,094,025

852,674

Construction in progress

28,233

23,586

Construction inventory

13,075

9,102

Totals

1,135,333

885,362

Construction inventory, which is stated at weighted average cost, consists primarily of network construction materials and supplies that when issued are predominately capitalized as part of new customer installations and the construction of the network.

We record depreciation using the straight line method over estimated useful lives using either the group or unit method. The useful lives are estimated at the time the assets are acquired and are based on historical experience with similar assets, anticipated technological changes and the expected impact of our strategic operating plan on our network infrastructure. The group method is used for depreciable assets dedicated to providing regulated telecommunication services, including the majority of the network and outside plant facilities. A depreciation rate for each asset group is developed based on the average useful life of the group. The group method requires periodic revision of depreciation rates. When an individual asset is sold or retired, the difference between the proceeds, if any, and the cost of the asset is charged or credited to accumulated depreciation, without recognition of a gain or loss.

The unit method is primarily used for buildings, furniture, fixtures and other support assets. Each asset is depreciated on the straight-line basis over its estimated useful life. When an individual asset is sold or retired, the cost basis of the asset and related accumulated depreciation are removed from the accounts and any associated gain or loss is recognized.

Depreciation and amortization expense was $139.0 million, $129.9 million and $98.3 million in 2014, 2013 and 2012, respectively. Amortization of assets under capital leases is included in depreciation and amortization expense.

We evaluate the recoverability of our property, plant and equipment whenever events or substantive changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. Recoverability is measured by a comparison of the carrying amount of an asset group to estimated undiscounted future cash flows expected to be generated by the asset group. If the total of the expected future undiscounted cash flows were less than the carrying amount of the asset group, we would recognize an impairment charge for the difference between the estimated fair value and the carrying value of the asset group.

Intangible Assets

Indefinite-Lived Intangibles

Goodwill and tradenames are evaluated for impairment annually or more frequently when events or changes in circumstances indicate that the asset might be impaired. We evaluate the carrying value of our indefinite-lived assets, tradenames and goodwill, as of November 30 of each year.

Goodwill

Goodwill is the excess of the acquisition cost of a business over the fair value of the identifiable net assets acquired. As noted above, goodwill is not amortized but instead evaluated annually for impairment using a preliminary qualitative assessment and two-step process, if deemed necessary. In 2012, we adopted an Accounting Standards Update No. 2011-08 – Intangibles-Goodwill and Other (Topic 350) Testing Goodwill for Impairment, that allows an entity to consider qualitative indicators to determine if the current two-step test is necessary. Under the provisions of the amended guidance, the step-one test of a reporting unit’s fair value is not required unless, as a result of the qualitative assessment, it is more likely than not (a likelihood of more than 50%) that fair value of the reporting unit is less than its carrying amount. Events and circumstances integrated into the qualitative assessment process include a combination of macroeconomic conditions affecting equity and credit markets, significant changes to the cost structure, overall financial performance and other relevant events affecting the reporting unit. A company is permitted to skip the qualitative assessment at its election, and proceed to Step 1 of the quantitative test, which we chose to do in 2014. In the first step of the impairment test, the fair value of our reporting unit is compared to its carrying amount, including goodwill.

The estimated fair value of the reporting unit is determined using a combination of market-based approaches and a discounted cash flow (“DCF”) model. The assumptions used in the estimate of fair value are based upon a combination of historical results and trends, new industry developments and future cash flow projections, as well as relevant comparable company earnings multiples for the market-based approaches. Such assumptions are subject to change as a result of changing economic and competitive conditions. We use a weighting of the results derived from the valuation approaches to estimate the fair value of the reporting unit. The fair value of the reporting unit exceeded the carrying value at December 31, 2014.

If the carrying value of the reporting unit exceeds its fair value, the second step of the impairment test is performed to measure the amount of impairment loss. In measuring the fair value of our reporting unit as previously described, we consider the combined carrying and fair values of our reporting unit in relation to our overall enterprise value, measured as the publicly traded stock price multiplied by the fully diluted shares outstanding plus the value of outstanding debt. Our reporting unit fair value models are consistent with a range in value indicated by both the preceding three month average stock price and the stock price on the valuation date, plus an estimated acquisition premium which is based on observable transactions of comparable companies, if applicable.

The second step compares the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. The implied fair value is determined by allocating the fair value of the reporting unit to all of the assets and liabilities other than goodwill in a manner similar to a purchase price allocation. The excess of the fair value of a reporting unit over the amounts assigned to its assets and liabilities is the implied fair value of goodwill. If the carrying amount of goodwill is greater than the implied fair value of that goodwill, then an impairment charge would be recorded equal to the difference between the implied fair value and the carrying value. At December 31, 2014 and 2013, the carrying value of goodwill was $765.8 million and $603.4 million, respectively. Goodwill increased $162.4 during 2014 as a result of the acquisition of Enventis, as described in Note 3.

Tradenames

Our most valuable tradename is the federally registered mark CONSOLIDATED, a design of interlocking circles, which is used in association with our telephone communication services. The Company’s corporate branding strategy leverages a CONSOLIDATED naming structure. All of the Company’s business units and several of our products and services incorporate the CONSOLIDATED name. Tradenames with indefinite useful lives are not amortized but are tested for impairment at least annually. If facts and circumstances change relating to a tradename’s continued use in the branding of our products and services, it may be treated as a finite-lived asset and begin to be amortized over its estimated remaining life. We estimate the fair value of our tradenames using DCF based on a relief from royalty method. If the fair value of our tradenames was less than the carrying amount, we would recognize an impairment charge for the difference between the estimated fair value and the carrying value of the assets. We perform our impairment testing of our tradenames as single units of accounting based on their use in our single reporting unit.

The carrying value of our tradenames, excluding any finite lived tradenames, was $10.6 million at December 31, 2014 and 2013. For the years ended December 31, 2014 and 2013, we completed our annual impairment test using a DCF methodology based on a relief from royalty method and determined that there was no impairment of our tradenames.

Finite-Lived Intangible Assets

Finite lived intangible assets subject to amortization consist primarily of our customer lists of an established base of customers that subscribe to our services, tradenames of acquired companies and other intangible assets. Finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives. In accordance with the applicable guidance relating to the impairment or disposal of long-lived assets, we evaluate the potential impairment of finite-lived intangible assets when impairment indicators exist. If the carrying value is no longer recoverable based upon the undiscounted future cash flows of the asset, an impairment equal to the difference between the carrying amount and the fair value of the asset is recognized.

The components of finite-lived intangible assets are as follows:

December 31, 2014

December 31, 2013

Gross Carrying

Accumulated

Gross Carrying

Accumulated

(In thousands)

Useful Lives

Amount

Amortization

Amount

Amortization

Customer relationships

3 - 13 years

209,341

-175,769

195,651

-166,500

Tradenames

1 - 2 years

2,280

-1,044

900

-525

Other intangible assets

2 years

5,500

-573

Total

217,121

-177,386

196,551

-167,025

Amortization expense related to the finite-lived intangible assets for the years ended December 31, 2014, 2013 and 2012 was $10.4 million, $9.4 million and $22.1 million, respectively. Expected future amortization expense of finite-lived intangible assets is as follows:

(In thousands)

2015

13,960

2016

13,170

2017

4,276

2018

1,671

2019

1,600

Thereafter

5,058

Total

39,735

Derivative Financial Instruments

We use derivative financial instruments to manage our exposure to the risks associated with fluctuations in interest rates. Our interest rate swap agreements effectively convert a portion of our floating-rate debt to a fixed-rate basis, thereby reducing the impact of interest rate changes on future cash interest payments. At the inception of a hedge transaction, we formally document the relationship between the hedging instruments including our objective and strategy for establishing the hedge. In addition, the effectiveness of the derivative instrument is assessed at inception and on an ongoing basis throughout the hedging period. Counterparties to derivative instruments expose us to credit-related losses in the event of nonperformance. We execute agreements only with financial institutions we believe to be creditworthy and regularly assess the credit worthiness of each of the counterparties. We do not use derivative instruments for trading or speculative purposes.

Derivative financial instruments are recorded at fair value in our consolidated balance sheet. Fair value is determined based on publicly available interest rate yield curves and an estimate of our nonperformance risk or our counterparty’s nonperformance credit risk, as applicable. We do not anticipate any nonperformance by any counterparty.

For derivative instruments designated as a cash flow hedge, the effective portion of the change in the fair value is recognized as a component of accumulated other comprehensive income (loss) (“AOCI”) and is recognized as an adjustment to earnings over the period in which the hedged item impacts earnings. When an interest rate swap agreement terminates, any resulting gain or loss is recognized over the shorter of the remaining original term of the hedging instrument or the remaining life of the underlying debt obligation. The ineffective portion of the change in fair value of any hedging derivative is recognized immediately in earnings. If a derivative instrument is de-designated, the remaining gain or loss in AOCI on the date of de-designation is amortized to earnings over the remaining term of the hedging instrument. For derivative financial instruments that are not designated as a hedge, changes in fair value are recognized on a current basis in earnings. Cash flows from hedging activities are classified under the same category as the cash flows from the hedged items in our consolidated statement of cash flows. See Note 7 for further discussion of our derivative financial instruments.

Share-based Compensation

Our share-based compensation consists of the issuance of restricted stock awards (“RSAs”) and performance share awards (“PSAs”) (collectively “stock awards”). Associated costs are based on a stock award’s estimated fair value at the date of the grant and are recognized over a period in which any related services are provided. We recognize the cost of RSAs and PSAs on a straight-line basis over the requisite service period, generally from immediate vest to a four-year vesting period. See Note 8 for further details regarding share-based compensation.

Pension Plan and Other Post-Retirement Benefits

We maintain noncontributory defined benefit pension plans and provide certain post-retirement health care and life insurance benefits to certain eligible employees. We also maintain two unfunded supplemental retirement plans to provide incremental pension payments to certain former employees.

We recognize pension and post-retirement benefits expense during the current period in the consolidated income statement using certain assumptions, including the expected long-term rate of return on plan assets, interest cost implied by the discount rate, expected health care cost trend rate and the amortization of unrecognized gains and losses. Refer to Note 9 for further details regarding the determination of these assumptions.

We recognize the overfunded or underfunded status of our defined benefit pension and post-retirement plans as either an asset or liability in the consolidated balance sheet. We recognize changes in the funded status in the year in which the changes occur through comprehensive income, net of applicable income taxes, including unrecognized actuarial gains and losses and prior service costs and credits.

Income Taxes

Our estimates of income taxes and the significant items resulting in the recognition of deferred tax assets and liabilities are disclosed in Note 10 and reflect our assessment of future tax consequences of transactions that have been reflected in our financial statements or tax returns for each taxing jurisdiction in which we operate. We base our provision for income taxes on our current period income, changes in our deferred income tax assets and liabilities, income tax rates, changes in estimates of our uncertain tax positions and tax planning opportunities available in the jurisdictions in which we operate. We recognize deferred tax assets and liabilities when there are temporary differences between the financial reporting basis and tax basis of our assets and liabilities and for the expected benefits of using net operating loss and tax credit loss carryforwards. We establish valuation allowances when necessary to reduce the carrying amount of deferred income tax assets to the amounts that we believe are more likely than not to be realized. We evaluate the need to retain all or a portion of the valuation allowance on our deferred tax assets. When a change in the tax rate or tax law has an impact on deferred taxes, we apply the change based on the years in which the temporary differences are expected to reverse. As we operate in more than one state, changes in our state apportionment factors, based on operational results, may affect our future effective tax rates and the value of our deferred tax assets and liabilities. We record a change in tax rates in our consolidated financial statements in the period of enactment.

Income tax consequences that arise in connection with a business combination include identifying the tax basis of assets and liabilities acquired and any contingencies associated with uncertain tax positions assumed or resulting from the business combination. Deferred tax assets and liabilities related to temporary differences of an acquired entity are recorded as of the date of the business combination and are based on our estimate of the appropriate tax basis that will be accepted by the various taxing authorities.

We record unrecognized tax benefits as liabilities in accordance with Accounting Standards Codification 740 and adjust these liabilities in the appropriate period when our judgment changes as a result of the evaluation of new information. In certain instances, the ultimate resolution may result in a payment that is materially different from our current estimate of the unrecognized tax benefit liabilities. These differences will be reflected as increases or decreases to income tax expense in the period in which new information is available. We classify interest and penalties, if any, associated with our uncertain tax positions as a component of interest expense and general and administrative expense, respectively. See Note 10 for additional information on income taxes.

Revenue Recognition

We recognize revenue when (i) persuasive evidence of an arrangement exists between us and the customer, (ii) delivery of the product to the customer has occurred or service has been provided to the customer, (iii) the price to the customer is fixed or determinable, and (iv), collectability of the sales price is reasonably assured.

Services

Revenues based on a flat fee, derived principally from local telephone, dedicated network access, data communications, digital TV, Internet access service and consumer/commercial broadband service are billed in advance and recognized in subsequent periods when the services are provided, with the exception of certain governmental accounts which are billed in arrears.

Certain of our service bundles may include multiple deliverables. When these circumstances occur, the base bundle consists of voice services, which include a phone line, calling features and long distance. Customers may choose to add additional services including high-speed Internet and digital/IP TV services to the base bundle packages. Separate units of accounting within the bundled packages include voice services, high-speed Internet, and digital/IP TV services. Revenue for all services included in our bundles is recognized over the same service period, which is the time period in which service is provided to the customer. Service bundle discounts are recognized concurrently with the associated revenue and are allocated to the various services in the bundled offering based on the relative selling price of the services included in each bundled combination.

Revenues for usage-based services, such as per-minute long-distance service and access charges billed to other telephone carriers for originating and terminating long-distance calls on our network, are billed in arrears. We recognize revenue from these services in the period the services are rendered rather than billed. Earned but unbilled usage-based services are recorded in accounts receivable.

When required as part of providing service, revenues related to nonrefundable, upfront service activation and setup fees are deferred and recognized over the estimated customer life. Incremental direct costs of telecommunications service activation are charged to expense in the period in which they are incurred, except when we maintain ownership of wiring installed during the activation process. In such cases the cost is capitalized and depreciated over the estimated useful life of the asset.

Print advertising and publishing revenues are recognized ratably over the life of the related directory, generally 12 months.

Equipment

Revenues generated from the sale of equipment includes: i) the sale of voice and data communications equipment, ii) design, configuration and installation services related to voice and data equipment, iii) the provision of Cisco maintenance support contracts, and iv) the sale of professional support services related to customer voice and data systems. Equipment revenues generated from retail channels are recorded at the point of sale. Telecommunications systems and structured cabling project revenues are recognized when the project is completed. Maintenance services are provided on both a contract and time and material basis and are recorded when the service is provided.

Support services revenue also includes “24x7” support of a customer’s voice and data networks. Most of these contracts are billed on a time and materials basis and revenue is recognized either as services are provided or over the term of the contract. Support services also include professional support services, which are typically sold on a time and materials basis, but may be sold as a prepaid block of time. This revenue is recognized as the services are provided (deferred and recognized as utilized if prepaid).

Multiple Deliverable Arrangements

We often enter into arrangements which include multiple deliverables. These arrangements primarily include the sale of communications equipment and associated support contracts, along with professional services providing design, configuration and installation consulting. When an equipment sale involves multiple deliverables, revenue is allocated to each respective element. When multiple deliverables included in an arrangement are separable into different units of accounting, the arrangement consideration is allocated to the identified separate units of accounting based on their relative selling price.

Allocation of revenue to deliverables of an arrangement is based on the relative selling price of the element being sold on a stand-alone basis. Equipment, maintenance contracts and professional services each qualify as separate units of accounting. We utilize the best estimate of selling price (“BESP”) for stand-alone value for our equipment and maintenance contracts, taking into consideration market conditions and entity-specific factors. We evaluate BESP by reviewing historical data related to sales of our deliverables.

Subsidies and Surcharges

Subsidies, including universal service revenues, are government-sponsored support mechanisms to assist in funding services in mostly rural, high-cost areas. These revenues typically are based on information we provide and are calculated by the administering government agency. Subsidies are recognized in the period the service is provided. There is a reasonable possibility that out of period subsidy adjustments may be recorded in the future, but they are anticipated to be immaterial to our results of operation, financial position and cash flow.

We collect and remit Federal Universal Service contributions on a gross basis, which resulted in recorded revenue of approximately $11.4 million for the year ended December 31, 2014. We account for all other taxes collected from customers and remitted to the respective government agencies on a net basis.

Advertising Costs

Advertising costs are expensed as incurred. Advertising expense was $8.2 million, $7.6 million and $5.1 million in 2014, 2013 and 2012, respectively.

Statement of Cash Flows Information

During 2014, 2013 and 2012, we made payments for interest and income taxes as follows:

(In thousands)

2014

2013

2012

Interest, net of amounts capitalized ($1,437, $1,215 and $515 in 2014, 2013 and 2012, respectively)

73,400

80,693

63,541

Income taxes paid, net

5,311

960

4,991

Noncash investing and financing activities:

In 2014, we issued 10.1 million shares of the Company’s common stock with a market value of $257.7 million in connection with the acquisition of Enventis as described in Note 3.

As described in Note 3, we issued $148.4 million in shares of the Company’s common stock in connection with the acquisition of SureWest in 2012.

In 2013 and 2012, we acquired equipment of $0.8 million and $0.4 million, respectively, through capital lease agreements.

Noncontrolling Interest

We have a majority-owned subsidiary, East Texas Fiber Line Incorporated (“ETFL”) which is a joint venture owned 63% by the Company and 37% by Eastex Telecom Investments, LLC. ETFL provides connectivity over a fiber optic transport network to certain customers residing in Texas.

Recent Accounting Pronouncements

In August 2014, FASB issued the Accounting Standards Update No. 2014-15 (“ASU 2014-15”), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. ASU 2014-15 requires management to evaluate for each annual and interim reporting period whether conditions or events give rise to substantial doubt that an entity has the ability to continue as a going concern within one year following issuance of the financial statements and requires specific disclosures regarding the conditions or events leading to substantial doubt. The new guidance is effective for annual and interim periods ending after December 15, 2016, with early adoption permitted. The adoption of ASU 2014-15 is not expected to have a material impact on our financial position or results of operations.

In June 2014, FASB issued the Accounting Standards Update No. 2014-12 (“ASU 2014-12”), Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. ASU 2014-12 provides guidance requiring a performance target that could be achieved after the requisite service period has ended to be treated as a performance condition affecting vesting of the award and therefore not reflected in estimating the fair value of the award at the date of grant. The amended guidance is effective for annual and interim periods beginning on or after December 15, 2015, with early adoption permitted. We do not expect the adoption of this standard to have a material effect on our financial position or results of operations.

In May 2014, FASB issued the Accounting Standards Update No. 2014-09 (“ASU 2014-09”), Revenue from Contracts with Customers (Topic 606). ASU 2014-09 provides new, globally applicable converged guidance concerning recognition and measurement of revenue. As a result, significant additional disclosures are required about nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The new guidance is effective for annual and interim periods beginning on or after December 15, 2016. Companies are allowed to transition using either the modified retrospective or full retrospective adoption method. If full retrospective adoption is chosen, three years of financial information must be presented in accordance with the new standard. We are currently evaluating the alternative methods of adoption and the effect on our condensed consolidated financial statements and related disclosures.

In April 2014, FASB issued the Accounting Standards Update No. 2014-08 (“ASU 2014-08”), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. ASU 2014-08 revises the definition of a discontinued operation to limit the circumstances under which a disposal or classification as held for sale qualifies for presentation as a discontinued operation. Amendments in this ASU require expanded disclosures concerning a discontinued operation and the disposal of an individually-material component of an entity not qualifying as a discontinued operation. ASU 2014-08 is effective for annual and interim periods beginning on or after December 15, 2014 and should be applied prospectively, with early adoption permitted.

Effective January 1, 2014, we adopted Accounting Standards Update No. 2013-11 (“ASU 2013-11”), Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. ASU 2013-11 provides guidance concerning the balance sheet presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward is present. The adoption of this standard did not have a material impact on our consolidated financial statements.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2014
EARNINGS PER SHARE
EARNINGS PER SHARE
	2.EARNINGS PER SHARE

	We compute net income per share using the two-class method. The two-class method is an earnings allocation formula that determines income per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. Basic net income per share is computed using the weighted-average number of common shares outstanding during the period. Diluted net income attributable to our shareholders is computed using the weighted-average number of common shares and the effect of potentially dilutive securities outstanding during the period. Potentially dilutive shares consist of restricted shares.

	The computation of basic and diluted earnings per share attributable to common shareholders is as follows:

	(In thousands, except per share amounts)	2014		2013		2012
	Income from continuing operations	$	15,388	$	29,964	$	4,965
	Less: net income attributable to noncontrolling interest	321		330		531
	Income attributable to common shareholders before allocation of earnings to participating securities	15,067		29,634		4,434
	Less: earnings allocated to participating securities	546		466		351
	Income from continuing operations attributable to common shareholders	14,521		29,168		4,083
	Net income from discontinued operations	-		1,177		1,206
	Net income attributable to common shareholders	$	14,521	$	30,345	$	5,289

	Weighted-average number of common shares outstanding	41,998		39,764		34,652

	Basic and diluted earnings per common share:
	Income from continuing operations	$	0.35	$	0.73	$	0.12
	Income from discontinued operations, net of tax	-		0.03		0.03
	Net income per common share attributable to common shareholders	$	0.35	$	0.76	$	0.15

	Diluted earnings per common share attributable to common shareholders excludes 0.4 million shares at December 31, 2014, and 0.3 million shares at December 31, 2013 and 2012, of potential common shares related to our share-based compensation plan, because the inclusion of the potential common shares would have had an antidilutive effect.

ACQUISITION_AND_DISPOSITIONS

ACQUISITION AND DISPOSITIONS	12 Months Ended
ACQUISITION AND DISPOSITIONS	Dec. 31, 2014
ACQUISITION AND DISPOSITIONS
ACQUISITION AND DISPOSITIONS
	3.ACQUISITION AND DISPOSITIONS

	Merger With Enventis

	On October 16, 2014, we completed our merger with Enventis and acquired all the issued and outstanding shares of Enventis in exchange for shares of our common stock. As a result, Enventis became a wholly-owned subsidiary of the Company. Enventis is an advanced communications provider, which services business and residential customers primarily in the upper Midwest. The Enventis fiber network spans more than 4,200 route miles across Minnesota and into Iowa, North Dakota, South Dakota and Wisconsin. The acquisition reflects our strategy to diversify revenue and cash flows amongst multiple products and to expand our network to new markets.

	At the effective time of the merger, each share of common stock, no par value, of Enventis owned immediately prior to the effective time of the merger converted into and became the right to receive 0.7402 shares of common stock, par value of $0.01 per share, of our common stock plus cash in lieu of fractional shares, as set forth in the merger agreement. Based on the closing price of our common stock of $25.40 per share on the date preceding the merger, the total value of the purchase consideration exchanged was $257.7 million, excluding the repayment of Enventis’ outstanding debt of $149.9 million. On the date of the merger, we issued an aggregate total of 10.1 million shares of our common stock to the former Enventis shareholders.

	The acquisition was accounted for in accordance with the acquisition method of accounting for business combinations. The tangible and intangible assets acquired and liabilities assumed were recorded at their estimated fair values as of the date of the acquisition. The results of operations of Enventis have been reported in our consolidated financial statements as of the effective date of the acquisition. For the period of October 16, 2014 through December 31, 2014, Enventis contributed operating revenues of $37.6 million and a net loss of $1.4 million, which included $5.7 million in acquisition related costs. Included in acquisition related costs as of December 31, 2014, are various change in control payments and other contingent payments to certain Enventis employees and directors that were triggered upon the closing of the Enventis acquisition or shortly thereafter. The estimated cash payments under these agreements will be approximately $4.7 million and are expected to be paid in the second quarter of 2015.

	The preliminary estimated fair value of the tangible and intangible assets acquired and liabilities assumed are as follows:

			(In thousands)
	Cash and cash equivalents		$	10,382
	Accounts receivable		37,399
	Other current assets		15,961
	Property, plant and equipment		282,564
	Intangible assets		20,570
	Other long-term assets		3,162
	Total assets acquired		370,038
	Current liabilities		40,552
	Pension and other post-retirement obligations		7,506
	Deferred income taxes		73,973
	Other long-term liabilities		2,768
	Total liabilities assumed		124,799
	Net fair value of assets acquired		245,239
	Goodwill		162,360
	Total consideration transferred		$	407,599

	The fair values of the assets acquired and liabilities assumed are based on a preliminary valuation, which is subject to change within the measurement period as additional information is obtained. Upon completion of the final fair value assessment, the fair values of the net assets acquired may differ from the preliminary assessment. We are in the process of finalizing the valuation of the net assets acquired, most notably, the valuation of property, plant and equipment, intangible assets, pension and other post-retirement obligations and deferred income taxes. Any changes to the initial estimates of the fair value of the assets acquired and liabilities assumed will be recorded to those assets and liabilities and residual amounts will be allocated to goodwill.

	Goodwill recognized from the acquisition primarily relates to the expected contributions of the entity to the overall corporate strategy in addition to synergies and acquired workforce. Goodwill is not deductible for income tax purposes. See Note 1 for additional information regarding the evaluation of goodwill.

	The preliminary identifiable intangible assets acquired include customer relationships of $13.7 million, tradenames of $1.4 million and non-compete agreements of $5.5 million. The identifiable intangible assets are amortized using the straight-line method over their estimated useful lives, which is five to nine years for customer relationships, depending on the nature of the customer, and two years for tradenames and non-compete agreements.

	Unaudited Pro Forma Results

	The following unaudited pro forma information presents our results of operations as if the acquisition of Enventis occurred on January 1, 2013. The adjustments to arrive at the pro forma information below included: additional depreciation and amortization expense for the fair value increases to property, plant and equipment and intangible assets acquired; increase in interest expense to reflect the additional debt entered into to finance a portion of the acquisition; and the exclusion of certain acquisition related costs. Shares used to calculate the basic and diluted earnings per share were adjusted to reflect the additional shares of common stock issued to fund a portion of the acquisition price.

			Year Ended December 31,
	(Unaudited; in thousands, except per share amounts)		2014			2013
	Operating revenues		$	790,745		$	790,777
	Income from operations		$	104,674		$	103,178
	Net income from continuing operations		$	18,648		$	24,288
	Less: net income attributable to noncontrolling interest		321			330
	Net income attributable to common stockholders		$	18,327		$	23,958
	Net income per common share - basic and diluted		$	0.37		$	0.48

	Transaction costs related to the acquisition of Enventis were $11.5 million during the year ended December 31, 2014, which are included in acquisition and other transaction costs in the consolidated statements of income. These costs are considered to be non-recurring in nature and therefore have been excluded from the pro forma results of operations.

	The pro forma information does not purport to present the actual results that would have resulted if the acquisition had in fact occurred at the beginning of the fiscal periods presented, nor does the information project results for any future period. The pro forma information does not include the impact of any future cost savings or synergies that may be achieved as a result of the acquisition.

	Merger With SureWest Communications

	On July 2, 2012, we completed the merger with SureWest, which resulted in the acquisition of 100% of all the outstanding shares of SureWest for $23.00 per share in a cash and stock transaction. The total purchase price of $550.8 million consisted of cash and assumed debt of $402.4 million and 9,965,983 shares of the Company’s common stock valued at the Company’s opening stock price on July 2, 2012 of $14.89, which totaled $148.4 million. We acquired SureWest to provide additional diversification of our revenues and cash flows.

	Subsequent to the merger, the financial results of SureWest operations have been included in our consolidated statements of income. SureWest contributed $133.1 million in net revenues and recorded net income of $2.5 million for the period of July 2, 2012 through December 31, 2012, which included $9.5 million in acquisition related costs.

	Discontinued Operations

	In September 2013, we completed the sale of the assets and contractual rights of our prison services business for a total cash purchase price of $2.5 million, which included the settlement of any pending legal matters. The financial results of the operations for prison services have been reported as a discontinued operation in our consolidated financial statements for the years ended on or before December 31, 2013.

	The following table summarizes the financial information for the prison services operations for the years ended December 31, 2013 and 2012:

(In thousands)		2013			2012
Operating revenues		$	5,622		$	25,580
Operating expenses including depreciation and amortization		5,883			23,599
Income (loss) from operations		-261			1,981
Income tax expense (benefit)		-105			775
Income (loss) from discontinued operations		$	-156		$	1,206

Gain on sale of discontinued operations, net of tax of $887		$	1,333		$	-

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2014
INVESTMENTS
INVESTMENTS
	4.INVESTMENTS

	Our investments are as follows:

	(In thousands)	2014				2013
	Cash surrender value of life insurance policies	$		2,039		$	2,183
	Cost method investments:
	GTE Mobilnet of South Texas Limited Partnership (2.34% interest)	21,450				21,450
	Pittsburgh SMSA Limited Partnership (3.60% interest)	22,950				22,950
	CoBank, ACB Stock	7,645				5,112
	Other	200				200
	Equity method investments:
	GTE Mobilnet of Texas RSA #17 Limited Partnership (20.51% interest)	27,990				27,467
	Pennsylvania RSA 6(I) Limited Partnership (16.67% interest)	7,451				7,696
	Pennsylvania RSA 6(II) Limited Partnership (23.67% interest)	23,894				24,105
	CVIN, LLC (12.09% interest)	1,757				1,936
	Totals	$	115,376			$	113,099

	Cost Method

	We own 2.34% of GTE Mobilnet of South Texas Limited Partnership (the “Mobilnet South Partnership”). The principal activity of the Mobilnet South Partnership is providing cellular service in the Houston, Galveston, and Beaumont, Texas metropolitan areas. We also own 3.60% of Pittsburgh SMSA Limited Partnership (“Pittsburgh SMSA”), which provides cellular service in and around the Pittsburgh metropolitan area. Because of our limited influence over these partnerships, we use the cost method to account for both of these investments. It is not practicable to estimate fair value of these investments. We did not evaluate any of the investments for impairment as no factors indicating impairment existed during the year. In 2014, 2013 and 2012, we received cash distributions from these partnerships totaling $14.8 million, $16.9 million and $14.1 million, respectively.

	CoBank, ACB (“CoBank”) is a cooperative bank owned by its customers. Annually, CoBank distributes patronage in the form of cash and stock in the cooperative based on the Company’s outstanding loan balance with CoBank, which has traditionally been a significant lender in the Company’s credit facility. The investment in CoBank represents the accumulation of the equity patronage paid by CoBank to the Company.

	Equity Method

	We own 20.51% of GTE Mobilnet of Texas RSA #17 Limited Partnership (“RSA #17”), 16.67% of Pennsylvania RSA 6(I) Limited Partnership (“RSA 6(I)”) and 23.67% of Pennsylvania RSA 6(II) Limited Partnership (“RSA 6(II)”). RSA #17 provides cellular service to a limited rural area in Texas. RSA 6(I) and RSA 6(II) provide cellular service in and around our Pennsylvania service territory. Because we have significant influence over the operating and financial policies of these three entities, we account for the investments using the equity method. In 2014, 2013 and 2012, we received cash distributions from these partnerships totaling $19.8 million, $17.9 million and $15.0 million, respectively. The carrying value of the investments exceeds the underlying equity in net assets of the partnerships by $32.8 million.

	We have a 12.09% interest in Central Valley Independent Network, LLC (“CVIN”), a joint enterprise comprised of affiliates of several independent telephone companies located in central and northern California. CVIN provides network services and oversees a broadband infrastructure project designed to expand and improve the availability of network services to counties in central California. In 2014 and 2013, we made additional capital investments of $0.1 million and $0.4 million in this partnership, respectively. We did not receive any distributions from this partnership in 2014, 2013 or 2012.

	The combined unaudited results of operations and financial position of our three equity investments in the cellular limited partnerships are summarized below:

	(In thousands)	2014			2013			2012
	Total revenues	$	338,575		$	321,555		$	299,389
	Income from operations	96,606			98,962			83,577
	Net income before taxes	96,763			99,024			83,633
	Net income	96,763			99,024			83,283

	Current assets	$	52,866		$	54,837		$	49,982
	Non-current assets	93,771			87,968			79,529
	Current liabilities	16,253			15,221			15,417
	Non-current liabilities	3,225			1,786			1,351
	Partnership equity	127,159			125,799			112,734

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2014

FAIR VALUE MEASUREMENTS

5.FAIR VALUE MEASUREMENTS

Financial Instruments

Our derivative instruments related to interest rate swap agreements are required to be measured at fair value on a recurring basis. The fair values of the interest rate swaps are determined using valuation models and are categorized within Level 2 of the fair value hierarchy as the valuation inputs are based on quoted prices and observable market data of similar instruments. See Note 7 for further discussion regarding our interest rate swap agreements.

Our interest rate swap liabilities measured at fair value on a recurring basis at December 31, 2014 and 2013 were as follows:

As of December 31, 2014

Quoted Prices

Significant

In Active

Other

Unobservable

Markets for

Observable

Inputs

Identical Assets

Inputs

(In thousands)

Total

(Level 1)

(Level 2)

(Level 3)

Current interest rate swap liabilities

-443

–

-443

–

Long-term interest rate swap liabilities

-690

–

-690

–

Total

-1,133

–

-1,133

–

As of December 31, 2013

Quoted Prices

Significant

In Active

Other

Unobservable

Markets for

Observable

Inputs

Identical Assets

Inputs

(In thousands)

Total

(Level 1)

(Level 2)

(Level 3)

Current interest rate swap liabilities

-660

–

-660

–

Long-term interest rate swap liabilities

-1,959

–

-1,959

–

Total

-2,619

–

-2,619

–

We have not elected the fair value option for any of our financial assets or liabilities. The carrying value of other financial instruments, including cash, accounts receivable, accounts payable and accrued liabilities approximate fair value due to their short maturities or variable-rate nature of the respective balances. The following table presents the other financial instruments that are not carried at fair value but which require fair value disclosure as of December 31, 2014 and 2013.

As of December 31, 2014

As of December 31, 2013

(In thousands)

Carrying Value

Fair Value

Carrying Value

Fair Value

Investments, equity basis

61,092

n/a

61,204

n/a

Investments, at cost

52,245

n/a

49,712

n/a

Long-term debt, excluding capital leases

1,362,049

1,381,972

1,216,764

1,261,508

Cost & Equity Method Investments

Our investments at December 31, 2014 and 2013 accounted for under both the equity and cost methods consists primarily of minority positions in various cellular telephone limited partnerships and our investment in CoBank. These investments are recorded using either the equity or cost methods. It is impracticable to determine fair value of these investments.

Long-term Debt

The fair value of our long-term debt was estimated using a discounted cash flow analyses based on incremental borrowing rates for similar types of borrowing arrangements. We have categorized the long-term debt as Level 2 within the fair value hierarchy.

LONGTERM_DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2014
LONG-TERM DEBT
LONG-TERM DEBT
	6.LONG-TERM DEBT

	Long-term debt outstanding, presented net of unamortized discounts, consisted of the following as of December 31, 2014 and 2013:

	(In thousands)		2014		2013
	Senior secured credit facility:
	Term loan 4, net of discount of $3,948 and $4,537 at		$	896,952	$	905,463
	December 31, 2014 and 2013, respectively
	Revolving loan		39,000		13,000
	10.875% Senior notes due 2020, net of discount of $1,121 and $1,699 at December 31, 2014 and 2013, respectively		226,097		298,301
	6.50% Senior notes due 2022		200,000		-
	Capital leases		4,553		5,121
			1,366,602		1,221,885
	Less: current portion of long-term debt and capital leases		-9,849		-9,751
	Total long-term debt		$	1,356,753	$	1,212,134

	Credit Agreement

	In December 2013, the Company, through certain of its wholly owned subsidiaries, entered into a Second Amended and Restated Credit Agreement with various financial institutions (the “Credit Agreement”) to replace the Company’s previously amended credit agreement. The Credit Agreement consists of a $75.0 million revolving credit facility and initial term loans in the aggregate amount of $910.0 million (“Term 4”). The proceeds from the Credit Agreement were used to repay the outstanding term loans from the previous agreement in its entirety. The Credit Agreement also includes an incremental term loan facility which provides the ability to request to borrow up to $300.0 million of incremental term loans subject to certain terms and conditions. Borrowings under the senior secured credit facility are secured by substantially all of the assets of the Company and its subsidiaries, with the exception of Illinois Consolidated Telephone Company and our majority-owned subsidiary, East Texas Fiber Line Incorporated.

	The Term 4 loan was issued in an original aggregate principal amount of $910.0 million with a maturity date of December 23, 2020, but is subject to earlier maturity on December 31, 2019 if the Company’s unsecured Senior

	Notes due in 2020 are not repaid or redeemed in full by December 31, 2019. The Term 4 loan contains an original issuance discount of $4.6 million, which is being amortized over the term of the loan. The Term 4 loan requires quarterly principal payments of $2.3 million, which commenced March 31, 2014, and has an interest rate of the London Interbank Offered Rate (“LIBOR”) plus 3.25% subject to a 1.00% LIBOR floor.

	Our revolving credit facility has a maturity date of December 23, 2018 and an applicable margin (at our election) of between 2.50% and 3.25% for LIBOR-based borrowings or between 1.50% and 2.25% for alternate base rate borrowings, depending on our leverage ratio. Based on our leverage ratio at December 31, 2014, the borrowing margin for the next three month period ending March 31, 2015 will be at a weighted-average margin of 3.00% for a LIBOR-based loan or 2.00% for an alternate base rate loan. The applicable borrowing margin for the revolving credit facility is adjusted quarterly to reflect the leverage ratio from the prior quarter-end. As of December 31, 2014 and 2013, borrowings of $39.0 million and $13.0 million, respectively, were outstanding under the revolving credit facility. A stand-by letter of credit of $0.9 million, issued in connection with the Company’s insurance coverage, was outstanding under our revolving credit facility as of December 31, 2014. The stand-by letter of credit is renewable annually and reduces the borrowing availability under the revolving credit facility.

	The weighted-average interest rate on outstanding borrowings under our credit facility was 4.20% and 4.23% at December 31, 2014 and 2013, respectively. Interest is payable at least quarterly.

	Net proceeds from asset sales exceeding certain thresholds, to the extent not reinvested, are required to be used to repay loans outstanding under the credit agreement.

	Financing Costs

	In connection with entering into the restated credit agreement in December 2013, fees of $6.6 million were capitalized as deferred debt issuance costs. These capitalized costs are amortized over the term of the debt and are included as a component of interest expense in the consolidated statements of income. We also incurred a loss on the extinguishment of debt of $7.7 million during the year ended December 31, 2013 related to the repayment of outstanding term loans under the previous credit agreement which were scheduled to mature in December 2017 and 2018.

	The credit agreement was previously amended in December 2012, to issue incremental term loans (Term 3) which were used to repay outstanding term loans scheduled to mature in December 2014 and to extend the maturity dates of outstanding term loans and the revolving loan facility. In connection with entering into the December 2012 amendment, we recognized a loss on the extinguishment of debt of $4.5 million during the year ended December 31, 2012.

	Credit Agreement Covenant Compliance

	The credit agreement contains various provisions and covenants, including, among other items, restrictions on the ability to pay dividends, incur additional indebtedness, and issue capital stock. We have agreed to maintain certain financial ratios, including interest coverage and total net leverage ratios, all as defined in the credit agreement. As of December 31, 2014, we were in compliance with the credit agreement covenants.

	In general, our credit agreement restricts our ability to pay dividends to the amount of our Available Cash as defined in our credit agreement. As of December 31, 2014, we had $211.8 million in dividend availability under the credit facility covenant.

	Under our credit agreement, if our total net leverage ratio (as defined in the credit agreement), as of the end of any fiscal quarter, is greater than 5.10:1.00, we will be required to suspend dividends on our common stock unless otherwise permitted by an exception for dividends that may be paid from the portion of proceeds of any sale of equity not used to fund acquisitions, or make other investments. During any dividend suspension period, we will be required to repay debt in an amount equal to 50.0% of any increase in Available Cash, among other things. In addition, we will not be permitted to pay dividends if an event of default under the credit agreement has occurred and is continuing. Among other things, it will be an event of default if our total net leverage ratio and interest coverage ratio as of the end of any fiscal quarter is greater than 5.25:1.00 and less than 2.25:1.00, respectively. As of December 31, 2014, our total net leverage ratio under the credit agreement was 4.08:1.00, and our interest coverage ratio was 4.07:1.00.

	Senior Notes

	6.50% Senior Notes due 2022

	On September 18, 2014, Consolidated Communications Finance II Co., a wholly–owned subsidiary of the Company completed an offering of $200.0 million aggregate principal amount of 6.50% Senior Notes due in October 2022 (the “2022 Notes”). Interest on the 2022 Notes is payable semi-annually on April 1 and October 1, commencing on April 1, 2015. The 2022 Notes were priced at par, which resulted in total gross proceeds of $200.0 million. Deferred debt issuance costs of $3.5 million incurred in connection with the issuance of the 2022 Notes are amortized using the effective interest method over the term of the 2022 Notes.

	Upon closing of the Enventis acquisition, the obligations under the 2022 Notes were assumed by Consolidated Communications, Inc. (“CCI”) and were guaranteed by the Company and certain of its wholly-owned subsidiaries. The net proceeds from the issuance of the 2022 Notes were used to finance the acquisition of Enventis including related fees and expenses, to repay the existing indebtedness of Enventis and to repurchase a portion of our 10.875% Senior Notes due 2020, as described below.

	10.875% Senior Notes due 2020

	On May 30, 2012, we completed an offering of $300.0 million aggregate principal amount of 10.875% unsecured Senior Notes, due 2020 (the “2020 Notes”). The 2020 Notes mature on June 1, 2020 and earn interest at a rate of 10.875% per year, payable semi-annually in arrears on June 1 and December 1 of each year, commencing on December 1, 2012. The 2020 Notes were sold to investors at a price equal to 99.345% of the principal amount thereof, for a yield to maturity of 11.00%. This discount is being amortized over the term of the 2020 Notes. CCI is the primary obligor under the 2020 Notes, and we and certain of our subsidiaries have fully and unconditionally guaranteed the 2020 Notes.

	In 2013, we completed an exchange offer to issue registered notes (“Exchange Notes”) for $287.3 million of the original 2020 Notes. The terms of the Exchange Notes are substantially identical to the 2020 Notes, except that the Exchange Notes are registered under the Securities Act of 1933 and the transfer restrictions and registration rights applicable to the 2020 Notes do not apply to the Exchange Notes. The exchange offer did not impact the aggregate principal amount or the remaining terms of the 2020 Notes outstanding.

	On October 16, 2014, we redeemed $46.8 million of the original aggregate principal amount of the 2020 Notes at a price of 116.75%, plus accrued and unpaid interest. On December 19, 2014, we redeemed an additional $26.0 million of the 2020 Notes at a price of 113.50%, plus accrued and unpaid interest. In connection with the repurchases of the 2020 Notes, we paid $84.1 million and recognized a loss of $13.8 million on the partial extinguishment of debt during the year ended December 31, 2014.

	Senior Notes Covenant Compliance

	The indenture governing the 2020 Notes contains customary covenants for high yield notes, which limits CCI’s and its restricted subsidiaries’ ability to: incur debt or issue certain preferred stock; pay dividends or make other distributions on capital stock or prepay subordinated indebtedness; purchase or redeem any equity interests; make investments; create liens; sell assets; enter into agreements that restrict dividends or other payments by restricted subsidiaries; consolidate, merge or transfer all or substantially all of its assets; engage in transactions with its affiliates; or enter into any sale and leaseback transactions.

Among other matters, the 2020 Notes indenture provides that CCI may not pay dividends or make other “restricted payments” to the Company if its total net leverage ratio is 4.50:1.00 or greater. This ratio is calculated differently than the comparable ratio under the Credit Agreement; among other differences, it takes into account, on a pro forma basis, synergies expected to be achieved as a result of certain acquisitions but not yet reflected in historical results. At December 31, 2014, this ratio was 4.01:1.00. If this ratio is met, dividends and other restricted payments may be made from cumulative consolidated cash flow since the date the 2020 Notes were issued, less 1.75 times fixed charges, less dividends and other restricted payments made since the date the 2020 Notes were issued. Dividends may be paid and other restricted payments may also be made from a “basket” of $50.0 million, none of which has been used to date, and pursuant to other exceptions identified in the indenture. Since dividends of $174.8 million have been paid since May 30, 2012, including the quarterly dividend declared in October 2014 and paid on February 2, 2015, there was $241.4 million of the $416.2 million of cumulative consolidated cash flow since May 30, 2012 available to pay dividends at December 31, 2014.

On March 19, 2014, CCI commenced a solicitation of consents from the eligible holders of the 2020 Notes in order to amend the indenture governing the 2020 Notes to (i) modify CCI’s Consolidated Leverage Ratio (as defined in the indenture governing the 2020 Notes) level required before CCI (subject to certain other conditions specified in the indenture) can make Restricted Payments (as defined in the indenture) otherwise available under the consolidated cash flow builder basket from 4.25:1.00 to 4.50:1.00 and (ii) modify the size of a permitted lien basket for liens securing Indebtedness (as defined in the indenture) by amending the multiplier for CCI’s Consolidated Cash Flow (as defined in the indenture) in the calculation of such permitted lien basket from 2.50 to 2.75. On April 1, 2014, the required consent of the holders of the 2020 Notes was obtained and the consent solicitation expired, and we entered into a supplemental indenture effecting the proposed amendments as provided in the consent solicitation. The amendment to the indenture with respect to modifying the size of a permitted lien basket for liens securing Indebtedness modified such provision in the indenture so that it would be the same as the equivalent provision in our Credit Agreement. In connection with entering into the supplemental indenture, consent fees of $2.5 million paid to the holders of the 2020 Notes who validly consented to the proposed amendment were capitalized during 2014 as deferred debt issuance costs and amortized over the remaining term of the 2020 Notes.

The indenture governing the 2022 Notes contains substantially the same covenants as the indenture governing the 2020 notes, except that the indenture governing the 2022 Notes provides that CCI may not pay dividends or make other “restricted payments” to the Company if its total net leverage ratio is 4.75:1.00 or greater.

Bridge Loan Facility

In connection with the acquisition of Enventis, the Company entered into a $140.0 million senior unsecured bridge loan facility (“Bridge Facility”) on June 29, 2014 in order to fund the anticipated acquisition including the related fees and expenses and to repay the existing indebtedness of Enventis. As anticipated, financing for the Enventis acquisition was completed through the 2022 Note offering, as described above, replacing the Bridge Facility on the closing date of the acquisition. No amounts were drawn or funded under the Bridge Facility prior to replacement. In connection with entering into the Bridge Facility, commitment fees of $1.4 million were capitalized during the quarter ended June 30, 2014 as deferred debt issuance costs and amortized over the expected life of the Bridge Facility through October 2014.

In 2012, we entered into a temporary $350.0 million senior unsecured bridge loan facility in connection with the acquisition of SureWest. As a result, we incurred commitment fees of $4.2 million which were amortized during the year ended December 31, 2012 over the four month life of the bridge loan facility.

Future Maturities of Debt

At December 31, 2014, the aggregate maturities of our long-term debt excluding capital leases were as follows:

(In thousands)
2015		$	9,100
2016		9,100
2017		9,100
2018		48,100
2019		9,100
Thereafter		1,282,618
Total maturities		1,367,118
Less: Unamortized discount		-5,069
		$	1,362,049

See Note 11 regarding the future maturities of our obligations for capital leases.

DERIVATIVE_FINANCIAL_INSTRUMEN

DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2014
DERIVATIVE FINANCIAL INSTRUMENTS
DERIVATIVE FINANCIAL INSTRUMENTS
	7.DERIVATIVE FINANCIAL INSTRUMENTS

	We may utilize interest rate swap agreements to mitigate risk associated with fluctuations in interest rates related to our variable rate debt. Derivative financial instruments are recorded at fair value in our consolidated balance sheet.

	The following interest rate swaps were outstanding at December 31, 2014:

	(In thousands)	Notional		2014 Balance Sheet Location		Fair Value
		Amount

	Cash Flow Hedges:
	Fixed to 1-month floating LIBOR (with floor)	$	100,000	Other long-term liabilities		$	-133

	De-designated Hedges:
	Fixed to 1-month floating LIBOR	$	125,000	Other long-term liabilities		-410
	Fixed to 1-month floating LIBOR	50,000		Current portion of derivative liability		-443
	Fixed to 1-month floating LIBOR (with floor)	50,000		Other long-term liabilities		-147
	Total Fair Values					$	-1,133

	The following interest rate swaps were outstanding at December 31, 2013:

	(In thousands)	Notional		2013 Balance Sheet Location		Fair Value
		Amount

	De-designated Hedges:
	Fixed to 1-month floating LIBOR	$	175,000	Other long-term liabilities		$	-1,897
	Fixed to 1-month floating LIBOR	100,000		Current portion of derivative liability		-660
	Fixed to 1-month floating LIBOR (with floor)	50,000		Other long-term liabilities		-62
	Total Fair Values					$	-2,619

	As of December 31, 2014, the counterparties to our various swaps are four major U.S. and European banks. None of the swap agreements provide for either us or the counterparties to post collateral nor do the agreements include any covenants related to the financial condition of Consolidated or the counterparties. The swaps of any counterparty that is a “Lender” as defined in our credit facility are secured along with the other creditors under the credit facility. Each of the swap agreements provides that in the event of a bankruptcy filing by either Consolidated or the counterparty, any amounts owed between the two parties would be offset in order to determine the net amount due between parties. This provision allows us to partially mitigate the risk of non-performance by a counterparty.

	For interest rate swaps designated as a cash flow hedge, the effective portion of the unrealized gain or loss in fair value is recorded in AOCI and reclassified into earnings when the underlying hedged item impacts earnings. The ineffective portion of the change in fair value of the cash flow hedge is recognized immediately in earnings. For interest rate swaps not designated as a hedge, changes in fair value are recognized in earnings as interest expense.

	In 2013 and 2012, interest rate swaps previously designated as cash flow hedges were de-designated as a result of amendments to our credit agreement. These interest rate swap agreements mature on various dates through September 2016. Prior to de-designation, the effective portion of the change in fair value of the interest rate swaps were recognized in AOCI. The balance of the unrealized loss included in AOCI as of the date the swaps were de-designated is being amortized to earnings over the remaining term of the swap agreements. Changes in fair value of the de-designated swaps are immediately recognized in earnings as interest expense. During the years ended December 31, 2014, 2013 and 2012, gains of $1.6 million, $2.2 million and $2.8 million, respectively, were recognized as a reduction to interest expense for the change in fair value of the de-designated swaps.

	At December 31, 2014 and 2013, the pre-tax deferred losses related to our interest rate swap agreements included in AOCI were $0.8 million and $2.6 million, respectively. The estimated amount of losses included in AOCI as of December 31, 2014 that will be recognized in earnings in the next twelve months is approximately $1.2 million.

	The following table presents the effect of interest rate derivatives designated as cash flow hedges on AOCI and on the consolidated statements of income for the years ended December 31, 2014, 2013 and 2012:

	(In thousands)	2014		2013			2012
	Loss recognized in AOCI, pretax	$	-132	$	-614		$	-5,631
	Loss reclassified from AOCI to interest expense	$	-2,050	$	-5,875		$	-13,664
	Gain arising from ineffectiveness reducing interest expense	$	-	$	-		$	47

EQUITY

EQUITY	12 Months Ended
EQUITY	Dec. 31, 2014
EQUITY
EQUITY
	8.EQUITY

	Share-Based Compensation

	Our Board of Directors may grant share-based awards from our shareholder approved Amended and Restated Consolidated Communications Holdings, Inc. 2005 Long-term Incentive Plan (the “Plan”). The Plan permits the issuance of awards in the form of stock options, stock appreciation rights, stock grants, stock unit grants and other equity-based awards to eligible directors and employees at the discretion of the Compensation Committee of the Board of Directors. Under the Plan, approximately 1,650,000 shares of our common stock are authorized for issuance, provided that no more than 300,000 shares may be granted in the form of stock options or stock appreciation rights to any eligible employee or director in any calendar year. Unless terminated sooner, the Plan will continue in effect until May 5, 2019.

	We measure the fair value of time-based RSAs based on the market price of the underlying common stock as of the date of the grant. RSAs are amortized over their respective vesting periods, generally from immediate vest up to a four year vesting period using the straight line method.

	We implemented an ongoing performance-based incentive program under the Plan. The performance-based incentive program provides for annual grants of PSAs. PSAs are restricted stock that is issued, to the extent earned, at the end of each performance cycle. Under the performance-based incentive program, each participant is given a target award expressed as a number of shares, with a payout opportunity ranging from 0% to 120% of the target, depending on performance relative to predetermined goals. In accordance with the applicable accounting guidance, an accounting estimate of the number of these shares that are expected to vest is made, and these shares are then expensed utilizing the grant-date fair value of the shares from the grant date through the end of the vesting period.

	The following table summarizes the grants of RSAs and PSAs under the Plan during the years ended December 31, 2014, 2013 and 2012:

			Years Ended December 31,
					Grant Date					Grant Date			Grant Date
			2014		Fair Value			2013		Fair Value		2012	Fair Value
	RSAs Granted		132,781		$	19.74		168,516		$	17.13	14,732	$	19.30
	PSAs Granted		91,127		$	19.74		66,504		$	17.13	68,540	$	19.30
	Total		223,908					235,020				83,272

	The total fair value of the RSAs and PSAs that vested during the years ended December 31, 2014, 2013 and 2012 was $3.5 million, $3.0 million and $2.4 million, respectively.

	The following table summarizes the RSA and PSA activity during the year ended December 31, 2014:

			RSAs					PSAs
			Shares		Weighted			Shares		Weighted
					Average Grant					Average Grant
					Date Fair Value					Date Fair Value
	Non-vested shares outstanding - January 1, 2014		123,501		$	17.32		64,266		$	17.96
	Shares granted		132,781		$	19.74		91,127		$	19.74
	Shares vested		-114,717		$	18.32		-72,984		$	19.08
	Non-vested shares outstanding - December 31, 2014		141,565		$	18.78		82,409		$	18.94

	Share-Based Compensation Expense

	The following table summarizes total compensation costs recognized for share-based payments during the years ended December 31, 2014, 2013 and 2012:

			Year Ended December 31,
	(In millions)		2014			2013			2012
	Restricted stock		$	2.1		$	1.8		$	1.3
	Performance shares		1.5			1.2			1.0
	Total		$	3.6		$	3.0		$	2.3

	Income tax benefits related to stock-based compensation of approximately $1.3 million, $1.1 million and $0.4 million was recorded for the years ended December 31, 2014, 2013 and 2012, respectively. Stock-based compensation expense is included in “selling, general and administrative expenses” in the accompanying statements of income.

	As of December 31, 2014, total unrecognized compensation costs related to nonvested RSAs and PSAs was $4.3 million and will be recognized over a weighted-average period of approximately 0.9 years.

	Accumulated Other Comprehensive Loss

	The following table summarizes the changes in accumulated other comprehensive loss, net of tax, by component during 2014 and 2013:

			Pension and
			Post-Retirement			Derivative
	(In thousands)		Obligations			Instruments			Total
	Balance at December 31, 2012		$	-40,581		$	-5,203		$	-45,784
	Other comprehensive income before reclassifications		39,381			-381			39,000
	Amounts reclassified from accumulated other comprehensive income		1,843			3,941			5,784
	Net current period other comprehensive income		41,224			3,560			44,784
	Balance at December 31, 2013			643			-1,643			-1,000
	Other comprehensive income before reclassifications		-35,107			-81			-35,188
	Amounts reclassified from accumulated other comprehensive income		-637			1,269			632
	Net current period other comprehensive income		-35,744			1,188			-34,556
	Balance at December 31, 2014		$	-35,101		$	-455		$	-35,556

The following table summarizes reclassifications from accumulated other comprehensive loss during 2014:

		Amount Reclassified from AOCI
		Year Ended December 31,						Affected Line Item in the
(In thousands)		2014			2013			Statement of Income
Amortization of pension and post-retirement items:
Prior service credit		$	494		$	637		(a)
Actuarial gain (loss)		543			-3,652			(a)
		1,037			-3,015			Total before tax
		-400			1,172			Tax (expense) benefit
		$	637		$	-1,843		Net of tax

Loss on cash flow hedges:
Interest rate derivatives		$	-2,050		$	-5,875		Interest expense
		781			1,934			Tax benefit
		$	-1,269		$	-3,941		Net of tax

(a)These items are included in the components of net periodic benefit cost for our pension and post-retirement benefit plans. See Note 9 for additional details.

PENSION_PLAN_AND_OTHER_POSTRET

PENSION PLAN AND OTHER POST-RETIREMENT BENEFITS	12 Months Ended
PENSION PLAN AND OTHER POST-RETIREMENT BENEFITS	Dec. 31, 2014
PENSION PLAN AND OTHER POST-RETIREMENT BENEFITS
PENSION PLAN AND OTHER POST-RETIREMENT BENEFITS
	9.PENSION PLANS AND OTHER POST-RETIREMENT BENEFITS

	Defined Benefit Plans

	We sponsor a qualified defined benefit pension plan (“Retirement Plan”) that is non-contributory covering certain of our hourly employees who fulfill minimum age and service requirements. Certain salaried employees are also covered by the Retirement Plan, although these benefits have previously been frozen. As of May 2013, the Retirement Plan was closed to all new entrants and all employees under collective bargaining agreements that include a defined benefit plan are on a cash balance plan.

	We also have two non-qualified supplemental retirement plans (“Supplemental Plans”). The Supplemental Plans provide supplemental retirement benefits to certain former employees by providing for incremental pension payments to partially offset the reduction that would have been payable under the qualified defined benefit pension plans if it were not for limitations imposed by federal income tax regulations. The Supplemental Plans have previously been frozen so that no person is eligible to become a new participant. These plans are unfunded and have no assets. The benefits paid under the Supplemental Plans are paid from the general operating funds of the Company.

	The following tables summarize the change in benefit obligation, plan assets and funded status of the Retirement Plan and Supplemental Plans (collectively the “Pension Plans”) as of December 31, 2014 and 2013.

	(In thousands)		2014				2013
	Change in benefit obligation
	Benefit obligation at the beginning of the year		$	337,343			$	379,528
	Service cost		560				743
	Interest cost		16,295				15,307
	Actuarial loss (gain)		48,620				(34,315		)
	Benefits paid		(21,630		)		(21,559		)
	Plan change		-				(2,361		)
	Benefit obligation at the end of the year		$	381,188			$	337,343

	(In thousands)		2014				2013
	Change in plan assets
	Fair value of plan assets at the beginning of the year		$	292,188			$	262,778
	Employer contributions		11,112				11,480
	Actual return on plan assets		15,448				39,489
	Benefits paid		(21,630		)		(21,559		)
	Fair value of plan assets at the end of the year		$	297,118			$	292,188
	Funded status at year end		$	(84,070	)		$	(45,155	)

	Amounts recognized in the consolidated balance sheets at December 31, 2014 and 2013 consisted of:

	(In thousands)		2014				2013
	Current liabilities		$	(246	)		$	(254	)
	Long-term liabilities		$	(83,824	)		$	(44,901	)

	Amounts recognized in accumulated other comprehensive loss for the years ended December 31, 2014 and 2013 consisted of:

	(In thousands)		2014				2013
	Unamortized prior service credit		$	(3,969	)		$	(4,426	)
	Unamortized net actuarial loss		66,561				10,302
			$	62,592			$	5,876

	The following table summarizes the components of net periodic pension cost recognized in the consolidated statements of income for the plans for the years ended December 31, 2014, 2013 and 2012:

	(In thousands)		2014				2013				2012
	Service cost		$	560			$	743			$	1,184
	Interest cost		16,295				15,307				13,620
	Expected return on plan assets		(23,106		)		(20,654		)		(14,728		)
	Amortization of:
	Net actuarial loss		20				3,652				2,518
	Prior service credit		(457		)		(457		)		(282		)
	Net periodic pension (benefit) cost		$	(6,688	)		$	(1,409	)		$	2,312

	The following table summarizes other changes in plan assets and benefit obligations recognized in other comprehensive loss, before tax effects, during 2014 and 2013.

	(In thousands)		2014				2013
	Actuarial loss (gain), net		$	56,279			$	(53,149	)
	Recognized actuarial loss		(20		)		(3,652		)
	Prior service credit		-				(2,361		)
	Recognized prior service credit		457				457
	Total amount recognized in other comprehensive loss, before tax effects		$	56,716			$	(58,705	)

	The estimated net actuarial loss and net prior service credit for the defined benefit pension plans that will be amortized from accumulated other comprehensive loss in net periodic benefit cost in 2015 are $3.9 million and $(0.5) million, respectively.

The assumptions used to determine the projected benefit obligations and net periodic benefit cost for the years ended December 31, 2014, 2013 and 2012 were as follows:

		2014		2013		2012
Discount rate - net periodic benefit cost		4.97%		4.20%		5.00%
Discount rate - benefit obligation		4.27%		4.97%		4.20%
Expected long-term rate of return on plan assets		8.00%		8.00%		7.70%
Rate of compensation/salary increase		1.75%		1.75%		1.50%

The decrease in the discount rate in 2014 resulted in an increase to our pension benefit obligation of approximately $28.8 million at December 31, 2014. In addition, in 2014, we adopted the new U.S. mortality tables released by the Society of Actuaries for purposes of determining our mortality assumption used in the Pension Plans. The adoption of the new tables resulted in an increase in the life expectancy of plan participants. As a result of the updated mortality assumption, our pension benefit obligation increased approximately $16.7 million at December 31, 2014.

Other Non-qualified Deferred Compensation Agreements

We also are liable for deferred compensation agreements with former members of the board of directors and certain other former employees of acquired companies. Depending on the plan, benefits are payable in monthly or annual installments for a period of time based on the terms of the agreement which range from five years up to the life of the participant or to the beneficiary upon death of the participant and may begin as early as age 55. Participants accrue no new benefits as these plans had previously been frozen. Payments related to the deferred compensation agreements totaled approximately $0.5 million and $0.6 million for the years ended December 31, 2014 and 2013, respectively. The net present value of the remaining obligations was approximately $2.4 million and $1.8 million at December 31, 2014 and 2013, respectively, and is included in pension and post-retirement benefit obligations in the accompanying balance sheets.

We also maintain 28 life insurance policies on certain of the participating former directors and employees. We recognized $0.2 million and $0.3 million in life insurance proceeds as other non-operating income in 2014 and 2013. The excess of the cash surrender value of the remaining life insurance policies over the notes payable balances related to these policies is determined by an independent consultant, and totaled $2.0 million and $2.2 million at December 31, 2014 and 2013, respectively. These amounts are included in investments in the accompanying consolidated balance sheets. Cash principal payments for the policies and any proceeds from the policies are classified as operating activities in the consolidated statements of cash flows. The aggregate death benefit payment payable under these policies totaled $6.9 million and $7.3 million as of December 31, 2014 and 2013, respectively.

Post-retirement Benefit Obligations

We sponsor various healthcare and life insurance plans (“Post-retirement Plans”) that provide post-retirement medical and life insurance benefits to certain groups of retired employees. Certain plans have previously been frozen so that no person is eligible to become a new participant. Retirees share in the cost of healthcare benefits, making contributions that are adjusted periodically—either based upon collective bargaining agreements or because total costs of the program have changed. Covered expenses for retiree health benefits are paid as they are incurred. Post-retirement life insurance benefits are fully insured. A majority of the plans are unfunded and have no assets, and benefits are paid from the general operating funds of the Company. However, employer contributions for retiree medical benefits of a plan from an acquired company are separately designated within the pension trust for the sole purpose of providing payments of retiree medical benefits. The nature of the assets used to provide payment of retiree medical benefits for this plan is the same as that of the Retirement Plan. In connection with the acquisition of Enventis, we have included its post-retirement benefit plan as of the date of acquisition.

The following tables summarize the change in benefit obligation, plan assets and funded status of the post-retirement benefit obligations as of December 31, 2014 and 2013.

(In thousands)		2014				2013
Change in benefit obligation
Benefit obligation at the beginning of the year		$	35,093			$	43,906
Service cost		479				925
Interest cost		1,565				1,575
Plan participant contributions		694				757
Actuarial loss (gain)		831				(9,552		)
Benefits paid		(3,434		)		(3,966		)
Amendments		-				1,448
Acquisition		6,911				-
Benefit obligation at the end of the year		$	42,139			$	35,093

(In thousands)		2014				2013
Change in plan assets
Fair value of plan assets at the beginning of the year		$	3,575			$	3,410
Employer contributions		2,740				2,772
Plan participant’s contributions		694				757
Actual return on plan assets		(246		)		602
Benefits paid		(3,434		)		(3,966		)
Fair value of plan assets at the end of the year		$	3,329			$	3,575
Funded status at year end		$	(38,810	)		$	(31,518	)

Amounts recognized in the consolidated balance sheets at December 31, 2014 and 2013 consist of:

(In thousands)		2014				2013
Current liabilities		$	(2,734	)		$	(2,429	)
Long-term liabilities		$	(36,076	)		$	(29,089	)

Amounts recognized in accumulated other comprehensive loss for the years ended December 31, 2014 and 2013 consist of:

(In thousands)		2014				2013
Unamortized prior service cost (credit)		$	221			$	183
Unamortized net actuarial loss (gain)		(6,005		)		(7,868		)
		$	(5,784	)		$	(7,685	)

The following table summarizes the components of the net periodic costs for post-retirement benefits for the years ended December 31, 2014, 2013 and 2012:

(In thousands)		2014				2013				2012
Service cost		$	479			$	925			$	811
Interest cost		1,565				1,575				1,756
Expected return on plan assets		(223		)		(233		)		(105		)
Amortization of:
Net actuarial loss (gain)		(563		)		–				–
Prior service credit		(37		)		(180		)		(189		)
Net periodic postretirement benefit cost		$	1,221			$	2,087			$	2,273

The following table summarizes other changes in plan assets and benefit obligations recognized in other comprehensive loss, before tax effects, during 2014 and 2013:

(In thousands)		2014				2013
Actuarial loss (gain), net		$	1,301			$	(9,922	)
Recognized actuarial gain		563				-
Prior service cost		-				1,448
Recognized prior service credit		37				180
Total amount recognized in other comprehensive loss, before tax effects		$	1,901			$	(8,294	)

In 2015, the estimated net actuarial gain that will be amortized from accumulated other comprehensive loss in net periodic postretirement cost is approximately $(0.3) million. The estimated net prior service credit is not significant.

The discount rate assumptions utilized for the years ended December 31 were as follows:

		2014		2013		2012
Net periodic benefit cost		4.55%		4.00%		5.00%
Benefit obligation		4.11%		4.40%		3.90%

For purposes of determining the cost and obligation for pre-Medicare postretirement medical benefits, a 7.50% annual rate of increase in the per capita cost of covered benefits (i.e., healthcare trend rate) was assumed for the plan in 2014, declining to a rate of 5.00% in 2020. Assumed healthcare cost trend rates have a significant effect on the amounts reported for healthcare plans. A one percent change in the assumed healthcare cost trend rate would have had the following effects:

(In thousands)		1% Increase				1% Decrease
Effect on total of service and interest cost		$	150			$	(132	)
Effect on postretirement benefit obligation		$	2,414			$	(2,136	)

Plan Assets

Our investment strategy is designed to provide a stable environment to earn a rate of return over time to satisfy the benefit obligations and minimize the reliance on contributions as a source of benefit security. The objectives are based on a long-term (5 to 15 year) investment horizon, so that interim fluctuations should be viewed with appropriate perspective. The assets of the fund are to be invested to achieve the greatest return for the pension plans consistent with a prudent level of risk.

The asset return objective is to achieve, as a minimum over time, the passively managed return earned by managed index funds, weighted in the proportions outlined by the asset class exposures identified in the pension plan’s strategic allocation. We update our long-term, strategic asset allocations every few years to ensure they are in line with our fund objectives. The target allocation of the Pension Plan assets is approximately 60% in equities with the remainder in fixed income funds and cash equivalents. Currently, we believe that there are no significant concentrations of risk associated with the pension plan assets.

The following is a description of the valuation methodologies for assets measured at fair value utilizing the fair value hierarchy discussed in Note 1, which prioritizes the inputs used in the valuation methodologies in measuring fair value. The fair value measurements used to value our plan assets as of December 31, 2014 were generated by using market transactions involving identical or comparable assets. There were no changes in the valuation techniques used during 2014.

Equity securities include investments in common and preferred stocks, mutual funds, common collective trusts and other commingled investment funds.

Common and Preferred Stocks: Includes domestic and international common and preferred stocks and are valued at the closing price as of the measurement date as reported on the active market on which the individual securities are traded multiplied by the number of shares owned.

Mutual Funds: Valued at the closing net asset value as of the measurement date as reported on the active market on which the funds are traded multiplied by the number of shares owned or the percentage of ownership in the fund.

Common Collective Trusts and Commingled Funds: Valued as determined by the fund manager based on the underlying net asset values and supported by the value of the underlying securities as of the financial statement date.

Fixed income securities include U.S. Treasury and Government Agency securities, corporate and municipal bonds, and mortgage-backed securities. Securities using Level 1 inputs are valued at the closing price reported on the active market on which the individual securities are traded. Securities using Level 2 inputs are valued using available trade information for similar securities, recently executed transactions, cash flow models with yield curves, dealer quotes, market indices and other pricing models utilizing observable inputs.

The fair values of our assets for our defined benefit pension plans at December 31, 2014 and 2013, by asset category were as follows:

					As of December 31, 2014
								Significant			Significant
					Quoted Prices			Other			Unobservable
					In Active			Observable			Inputs
					Markets for			Inputs
					Identical Assets
(In thousands)		Total			(Level 1)			(Level 2)			(Level 3)

Cash equivalents:
Short-term investments(1)		$	7,634		$	1,370		$	6,264		$	–

Equities:
Stocks:
U.S. common stocks		29,338			29,338			–			–
International stocks		9,459			9,459			–			–
Funds:
U.S. small cap		11,224			–			11,224			–
U.S. mid cap		8,890			8,890			–			–
U.S. large cap		26,081			10,212			15,869			–
Emerging markets		22,662			14,838			7,824			–
International		64,748			49,334			15,414			–

Fixed Income:
U.S. treasury and government agency securities		16,707			7,996			8,711			–
Corporate and municipal bonds		6,950			–			6,950			–
Mortgage/asset-backed securities		7,247			–			7,247			–
Common Collective Trust		62,507			–			62,507
Mutual funds		26,964			26,964			–			–
Total investments		$	300,411		$	158,401		$	142,010		$	–
Other liabilities (2)			-3,293
Net plan assets		$	297,118

					As of December 31, 2013
								Significant			Significant
					Quoted Prices			Other			Unobservable
					In Active			Observable			Inputs
					Markets for			Inputs
					Identical Assets
(In thousands)		Total			(Level 1)			(Level 2)			(Level 3)

Cash equivalents:
Short-term investments(1)		$	4,708		$	2,835		$	1,873		$	–

Equities:
Stocks:
U.S. common stocks		38,463			38,463			–			–
International stocks		10,198			10,198			–			–
Funds:
U.S. small cap		15,181			–			15,181			–
U.S. mid cap		9,215			9,215			–			–
U.S. large cap		34,535			11,101			23,434			–
Emerging markets		20,225			12,855			7,370			–
International		60,416			44,132			16,284			–

Fixed Income:
U.S. treasury and government agency securities (3)		19,012			11,063			7,949			–
Corporate and municipal bonds		8,624			–			8,624			–
Mortgage/asset-backed securities		8,116			–			8,116			–
Common Collective Trust		17,398			–			17,398
Mutual funds		46,097			46,097			–			–
Total		$	292,188		$	185,959		$	106,229		$	–

	-1		Short-term investments includes cash and cash equivalents and an investment in a common collective trust which is principally comprised of certificates of deposit, commercial paper and U.S. Treasury bills with maturities less than one year.

	-2		Net amount due for securities purchased and sold.

	-3		During 2014, we determined that certain government agency securities more appropriately aligned with the Level 2 classification of the fair value hierarchy. Accordingly, we have reclassified these securities from Level 1 to Level 2 as of December 31, 2013.

The fair values of our assets for our post-retirement benefit plans at December 31, 2014 and 2013 were as follows:

					As of December 31, 2014
					Quoted Prices			Significant			Significant
					In Active			Other			Unobservable
					Markets for			Observable			Inputs
					Identical Assets			Inputs
(In thousands)		Total			(Level 1)			(Level 2)			(Level 3)

Cash equivalents:
Short-term investments(1)		$	97		$	17		$	80		$	–

Equities:
U.S. common stocks		372			372			–			–
International stocks		120			120			–			–
Funds:
U.S. small cap		142			–			142			–
U.S. mid cap		113			113			–			–
U.S. large cap		330			129			201			–
Emerging markets		287			188			99			–
International		821			625			196			–

Fixed Income:
U.S. treasury and government agency securities		212			102			110			–
Corporate and municipal bonds		88			–			88			–
Mortgage/asset-backed securities		92			–			92			–
Common Collective Trust		792			–			792
Mutual funds		342			342			–			–
Total investments		$	3,808		$	2,008		$	1,800		$	–
Benefit payments payable		-438
Other liabilities (2)		-41
Net plan assets		$	3,329

					As of December 31, 2013
					Quoted Prices			Significant			Significant
					In Active			Other			Unobservable
					Markets for			Observable			Inputs
					Identical Assets			Inputs
(In thousands)		Total			(Level 1)			(Level 2)			(Level 3)

Cash equivalents:
Short-term investments(1)		$	89		$	89		$	–		$	–

Equities:
U.S. common stocks		592			592			–			–
Funds:
U.S. small cap		215			–			215			–
U.S. large cap		638			–			638			–
Emerging markets		263			–			263			–
International		938			357			581			–

Fixed Income:
U.S. treasury and government agency securities (3)		678			394			284			–
Corporate and municipal bonds		308			–			308			–
Mortgage/asset-backed securities		289			–			289			–
Total investments		$	4,010		$	1,432		$	2,578		$	–
Benefit payments payable		-434
Net plan assets		$	3,576

	-1		Short-term investments includes cash and cash equivalents and an investment in a common collective trust which is principally comprised of certificates of deposit, commercial paper and U.S. Treasury bills with maturities less than one year.

	-2		Net amount due for securities purchased and sold.

	-3		During 2014, we determined that certain government agency securities more appropriately aligned with the Level 2 classification of the fair value hierarchy. Accordingly, we have reclassified these securities from Level 1 to Level 2 as of December 31, 2013.

Cash Flows

Contributions

Our funding policy is to contribute annually an actuarially determined amount necessary to meet the minimum funding requirements as set forth in employee benefit and tax laws. We expect to contribute approximately $12.4 million to our pension plans and $3.8 million to our other post-retirement plans in 2015.

Estimated Future Benefit Payments

As of December 31, 2014, benefit payments expected to be paid over the next ten years are outlined in the following table:

					Other
		Pension			Post-retirement
(In thousands)		Plans			Plans
2015		$	23,180		$	3,771
2016		23,464			3,906
2017		23,484			3,248
2018		23,421			3,119
2019		23,482			3,136
2020 - 2024		116,982			14,189

Defined Contribution Plans

We offer defined contribution 401(k) plans to substantially all of our employees. Contributions made under the defined contribution plans include a match, at the Company’s discretion, of employee contributions to the plans. We recognized expense with respect to these plans of $5.3 million, $5.2 million and $3.9 million in 2014, 2013 and 2012, respectively.

INCOME_TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2014
INCOME TAXES
INCOME TAXES
	10.INCOME TAXES

	Income tax expense consists of the following components:

			For the Year Ended
	(In thousands)		2014			2013		2012

	Current:
	Federal		$	1,769		$	1,381	$	340
	State		1,014			86		1,078
	Total current expense		2,783			1,467		1,418

	Deferred:
	Federal		8,136			15,929		1,998
	State		2,108			116		-2,755
	Total deferred expense (benefit)		10,244			16,045		-757
	Total income tax expense		$	13,027		$	17,512	$	661

	The following is a reconciliation of the federal statutory tax rate to the effective tax rate for the years ended December 31, 2014, 2013 and 2012:

			For the Year Ended
	(In percentages)		2014			2013		2012

	Statutory federal income tax rate		35.0	%		35.0	%	35.0	%
	State income taxes, net of federal benefit		1.2			1.7		-12.8
	Transaction costs		2.6			-		14.9
	Other permanent differences		0.4			-		-1.1
	Change in uncertain tax positions		-			-1.7		-
	Change in deferred tax rate		7.4			-		-19.7
	Valuation allowance		-0.7			-		-
	Provision to return		-			1.3		-4.2
	Other		-0.1			0.6		-0.4
			45.8	%		36.9	%	11.7	%

	Deferred Taxes

	The components of the net deferred tax liability are as follows:

			Year Ended December 31,
	(In thousands)		2014			2013

	Current deferred tax assets:
	Reserve for uncollectible accounts		$	1,062		$	615
	Accrued vacation pay deducted when paid		2,381			2,196
	Accrued expenses and deferred revenue		9,931			5,149
			13,374			7,960
	Non-current deferred tax assets:
	Net operating loss carryforwards		12,431			18,809
	Pension and postretirement obligations		46,831			28,072
	Stock-based compensation		998			495
	Derivative instruments		276			1,004
	Financing costs		2,151			1,503
	Tax credit carryforwards		4,193			3,143
	Other		28			-
			66,908			53,026
	Valuation allowance		-1,736			-535
	Net non-current deferred tax assets		65,172			52,491

	Non-current deferred tax liabilities:
	Goodwill and other intangibles		-42,246			-28,515
	Basis in investment		-282			-38
	Partnership investments		-25,813			-25,523
	Property, plant and equipment		-240,407			-178,274
		-308,748			-232,350
Net non-current deferred taxes		-243,576			-179,859
Net deferred income tax liabilities		$	-230,202		$	-171,899

Deferred income taxes are provided for the temporary differences between assets and liabilities recognized for financial reporting purposes and assets and liabilities recognized for tax purposes. The ultimate realization of deferred tax assets depends upon taxable income during the future periods in which those temporary differences become deductible. To determine whether deferred tax assets can be realized, management assesses whether it is more likely than not that some portion or all of the deferred tax assets will not be realized, taking into consideration the scheduled reversal of deferred tax liabilities, projected future taxable income and tax-planning strategies.

Based upon historical taxable income, taxable temporary differences, available and prudent tax planning strategies and projections for future pre-tax book income over the periods that the deferred tax assets are deductible, management believes it is more likely than not that the Company will realize the benefits of these temporary differences. However, management may reduce the amount of deferred tax assets it considers realizable in the near term if estimates of future taxable income during the carryforward period are reduced. Estimates of future taxable income are based on the estimated recognition of taxable temporary differences, available and prudent tax planning strategies, and projections of future pre-tax book income. The amount of estimated future taxable income is expected to allow for the full utilization of the net operating loss (“NOL”) carryforward, as described below.

Consolidated and its wholly owned subsidiaries, which file a consolidated federal income tax return, estimates it has available federal NOL carryforwards at December 31, 2014, of $21.0 million and related deferred tax assets of $7.4 million. The federal NOL carryforwards expire from 2031 to 2032. In 2014, management no longer believes that the future utilization is uncertain and has released the full $1.5 million valuation allowance and related deferred tax asset of $0.5 million maintained against the Federal NOL carryforwards subject to separate return limitation year restrictions. The tax benefits recognized related to the reversal of the valuation allowance were accounted for as a reduction of income tax expense.

ETFL, a nonconsolidated subsidiary for federal income tax return purposes, estimates it has available NOL carryforwards at December 31, 2014, of $2.1 million and related deferred tax assets of $0.7 million. ETFL’s federal NOL carryforwards expire from 2020 to 2024.

We estimate that we have available state NOL carryforwards at December 31, 2014, of $105.2 million and related deferred tax assets of $4.4 million. The state NOL carryforwards expire from 2016 to 2034. Management believes that the future utilization of $26.9 million and related deferred tax asset of $1.4 million is uncertain and has placed a valuation allowance on this amount of the available state NOL carryforwards. The related NOL carryforwards expire from 2018 to 2025. The valuation allowance was recorded as a result of the acquisition of Enventis on October 16, 2014. If or when recognized, the tax benefits related to any reversal of the valuation allowance will be accounted for as a reduction of income tax expense.

We estimate that we have available federal alternative minimum tax (“AMT”) credit carryforwards at December 31, 2014, of $1.3 million and related deferred tax assets of $1.3 million. The AMT credits are available to offset future tax liabilities only to the extent that the Company has regular tax liabilities in excess of AMT tax liabilities. The federal AMT credit carryforward does not expire.

We estimate that we have available state tax credit carryforwards at December 31, 2014, of $4.5 million and related deferred tax assets of $2.9 million. The state tax credit carryforwards are limited annually and expire from 2016 to 2027. Management believes that the future utilization of $0.5 million and related deferred tax asset of $0.3 million is uncertain and has placed a valuation allowance on this amount of available state tax credit carryforwards. The related state tax credit carryforwards expires from 2016 to 2019. If or when recognized, the tax benefits related to any reversal of the valuation allowance will be accounted for as a reduction of income tax expense.

On September 13, 2013, Treasury and the Internal Revenue Service issued final regulations regarding the deduction and capitalization of expenditures related to tangible property. The final regulations under Internal Revenue Code Sections 162, 167 and 263(a) apply to amounts paid to acquire, produce, or improve tangible property as well as dispositions of such property and are generally effective for tax years beginning on or after January 1, 2014. We are currently working through the implementation of the regulations for the 2014 income tax returns to be filed in 2015 and do not expect they will have a material impact on our consolidated results of operations, cash flows, or financial position.

Unrecognized Tax Benefits

Under the accounting guidance applicable to uncertainty in income taxes we have analyzed filing positions in all of the federal and state jurisdictions where we are required to file income tax returns as well as all open tax years in these jurisdictions. This accounting guidance clarifies the accounting for uncertainty in income taxes recognized in a company’s financial statements; prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return; and provides guidance on description, classification, interest and penalties, accounting in interim periods, disclosure, and transition.

Our unrecognized tax benefits as of December 31, 2014 and 2013 were $0.2 million and $0, respectively. Due to the acquisition of Enventis on October 16, 2014, the company recognized an increase in unrecognized tax benefits of $0.2 million. The net amount of unrecognized benefits that, if recognized, would result in an impact to the effective rate is $0.2 million.

Our practice is to recognize interest and penalties related to income tax matters in interest expense and general and administrative expense, respectively. During 2014 and 2013 we did not have a material liability for interest or penalties and had no material interest or penalty expense.

The periods subject to examination for our federal return are years 2010 through 2013. The periods subject to examination for our state returns are years 2010 through 2013. We are currently under examination by federal taxing authorities, but do not expect any settlement or payment that may result from the audits to have a material effect on our results of operations or cash flows.

We do not expect that the total unrecognized tax benefits and related accrued interest will significantly change due to the settlement of audits or the expiration of statute of limitations in the next twelve months. There were no material changes to these amounts during 2014 and there were no effects on the Company’s effective tax rate.

The following is a reconciliation of the unrecognized tax benefits for the years ended December 31, 2014 and 2013:

		Liability for
		Unrecognized
		Tax Benefits
(In thousands)		2014			2013

Balance at January 1		$	-		$	1,224
Additions for tax positions of acquisition		240			-
Additions for tax positions in the current year		-			-
Additions for tax positions of prior years		-			-
Settlements with taxing authorities		-			-
Reduction for lapse of federal statute of limitations		-			-
Reduction for lapse of state statute of limitations		-			-1,224
Balance at December 31		$	240		$	-

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2014
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES
	11.COMMITMENTS AND CONTINGENCIES

	We have certain other obligations for various contractual agreements to secure future rights to goods and services to be used in the normal course of our operations. These include purchase commitments for planned capital expenditures, agreements securing dedicated access and transport services, and service and support agreements. Additionally, we have procured transport resale arrangements with several interexchange carriers for our long distance services.

	As of December 31, 2014, future minimum contractual obligations, including capital and operating leases, and the estimated timing and effect the obligations will have on our liquidity and cash flows in future periods are as follows:

			Minimum Annual Contractual Obligations

	(in thousands)		2015		2016		2017		2018		2019		Thereafter		Total
	Operating lease agreements		$	4,796	$	3,019	$	2,620	$	1,855	$	1,554	$	5,068	$	18,912
	Capital lease agreements		1,302		1,077		971		961		984		1,378		6,673
	Capital expenditures (1)		3,023		–		–		–		–		–		3,023
	Service and support agreements (2)		8,526		7,403		2,428		1,586		1,334		858		22,135
	Transport and data connectivity		9,040		9,000		9,000		–		–		–		27,040
	Total		$	26,687	$	20,499	$	15,019	$	4,402	$	3,872	$	7,304	$	77,783

		-1		We have binding commitments with numerous suppliers for future capital expenditures.

		-2		We have entered into service and maintenance agreements to support various computer hardware and software applications and certain equipment. If we terminate any of the contracts prior to their expiration date, we would be liable for minimum commitment payments as defined in by the contractual terms of the contracts.

	Leases

	Operating

	We have entered into various non-cancelable operating leases with terms greater than one year for certain facilities and equipment used in our operations. The facility leases generally require us to pay operating costs: including property taxes, insurance and maintenance, and certain of them contain scheduled rent increases and renewal options. Leasehold improvements are amortized over their estimated useful lives or lease period, whichever is shorter. We recognize rent expense on a straight-line basis over the term of each lease.

	We incurred rent expense of $2.6 million, $2.3 million and $2.9 million for the years ended December 31, 2014, 2013, and 2012, respectively.

	Capital Leases

	We lease certain facilities and equipment under various capital lease arrangements, all of which expire between 2015 and 2021. As of December 31, 2014, the present value of the minimum remaining lease commitments was approximately $4.5 million, of which $0.7 million was due and payable within the next twelve months. The carrying amount of our capital lease obligations, net of imputed interest of $2.1 million, was $4.5 million as of December 31, 2014. See Note 12 for information regarding the capital leases we have entered into with related parties.

	Litigation, Regulatory Proceedings and Other Contingencies

	Five putative class action lawsuits have been filed by alleged Enventis shareholders challenging the Company’s proposed merger with Enventis in which the Company, Sky Merger Sub Inc., Enventis and members of the Enventis board of directors have been named as defendants. The shareholder actions were filed in the Fifth Judicial District, Blue Earth County, Minnesota. The actions are called: Hoepner v. Enventis Corp. et al, filed July 15, 2014, Case No. 07-CV-14-2489, Bockley v. Finke et al, filed July 18, 2014, Case No. 07-CV-14-2551, Kaplan et al v. Enventis Corp. et al, filed July 21, 2014, Case No. 07-CV-14-2575, Marcial v. Enventis Corp. et al., filed July 25, 2014, Case No. 07-CV-14-2628, and Barta v. Finke et al, filed August 14, 2014, Case No. 07-CV-14-2854. The actions generally allege, among other things, that each member of the Enventis board of directors breached fiduciary duties to Enventis and its shareholders by authorizing the sale of Enventis to the Company for consideration that allegedly is unfair to the Enventis shareholders, agreeing to terms that allegedly unduly restrict other bidders from making a competing offer, as well as allegations regarding disclosure deficiencies in the joint proxy statement/prospectus. The complaints also allege that the Company and Sky Merger Sub Inc. aided and abetted the breaches of fiduciary duties allegedly committed by the members of the Enventis board of directors. The lawsuits seek, amongst other things, equitable relief, including an order to prevent the defendants from consummating the merger on the agreed-upon terms. The Enventis board of directors appointed a Special Litigation Committee to address the claims. We believe that these claims are without merit. On September 19, 2014, the District Court entered an order consolidating the five lawsuits as In Re: Enventis Corporation Shareholder Litigation, Case No. 07-CV-14-2489. On September 23, 2014, the District Court entered an order that denied the plaintiffs’ request for expedited proceedings and stayed all proceedings “pending the completion of the Special Litigation Committee and the issuance of its decision.” On February 2, 2015, the Special Litigation Committee issued a report stating that the claims lack merit and should not proceed.

	In 2014, Sprint Corporation, Level 3 Communications, Inc., and Verizon Communications Inc. filed lawsuits against us and many others in the industry regarding the proper charges to be applied between interexchange and local exchange carriers for certain calls between mobile and wireline devices that are routed through an interexchange carrier. The plaintiffs are refusing to pay these access charges in all states and are seeking refunds of past charges paid. The disputed amounts total $1.2 million, and cover the periods extending from 2006. CenturyLink, Inc. has filed to bring all related suits to the U.S. District Court’s Judicial Panel on multi district litigation. This panel is granted authority to transfer to a single court the pretrial proceedings for civil cases involving commom questions of fact. The U.S. District Court in Dallas, TX is expected to hear the case no later than September 2015. We have interconnection agreements in place with all wireless carriers and the applicable traffic is being billed at current access rates, therefore we do not expect any potential settlement to have an adverse material impact on our financial results or cash flows.

	On April 15, 2008, Salsgiver Inc., a Pennsylvania-based telecommunications company, and certain of its affiliates (“Salsgiver”) filed a lawsuit against us and our subsidiaries North Pittsburgh Telephone Company and North Pittsburgh Systems Inc. in the Court of Common Pleas of Allegheny County, Pennsylvania alleging that we have prevented Salsgiver from connecting their fiber optic cables to our utility poles. Salsgiver seeks compensatory and punitive damages as the result of alleged lost projected profits, damage to its business reputation, and other costs. Salsgiver originally claimed to have sustained losses of approximately $125 million. We believe that these claims are without merit and that the alleged damages are completely unfounded. Discovery concluded and Consolidated filed a motion for summary judgment on June 18, 2012 and the court heard oral arguments on August 30, 2012. On February 12, 2013, the court, in part, granted our motion. The court ruled that Salsgiver could not recover prejudgment interest and could not use as a basis of liability any actions prior to April 14, 2006. In September 2013, in order to avoid the distraction and uncertainty of further litigation, we reached an agreement in principle (the “Agreement”) with Salsgiver, Inc. In accordance with the terms of the Agreement, we would pay Salsgiver approximately $0.9 million in cash and grant approximately $0.3 million in credits that may be used for make-ready charges (the “Credits”). The Credits would be available for services performed in connection with the pole attachment applications within five years of the execution of the Agreement. We had previously recorded approximately $0.4 million in 2011 in anticipation of the settlement of this case. During the quarter ended September 30, 2013, per the terms of the Agreement we recorded an additional $0.9 million, which included estimated legal fees. In October 2014, Salsgiver rejected the Agreement, remanding the case back to the court. A trial is anticipated to occur in the third quarter of 2015; however, we believe that despite the rejection, the $1.3 million currently accrued represents management’s best estimate of the probable payment.

	Two of our subsidiaries, Consolidated Communications of Pennsylvania Company LLC (“CCPA”) and Consolidated Communications Enterprise Services Inc. (“CCES”), have, at various times, received assessment notices from the Commonwealth of Pennsylvania Department of Revenue (“DOR”) increasing the amounts owed for Pennsylvania Gross Receipt Taxes, and/or have had audits performed for the tax years of 2008 through 2013. In addition, a re-audit was performed on CCPA for the 2010 calendar year. For the calendar years for which we received both additional assessment notices and audit actions, those issues have been combined by the DOR into a single Docket for each year.

	For the CCES subsidiary, the total additional tax liability calculated by the auditors for the tax years 2008-2013 is approximately $4.6 million. Audits for calendar years 2008-2010 have been filed for appeal and have received continuance pending the outcome of present litigation in the Commonwealth of Pennsylvania (Verizon Pennsylvania, Inc. v. Commonwealth, Docket No. 266 F.R. 2008). The preliminary audit findings for the calendar years 2011-2013 were received on September 16, 2014. We are waiting invoicing for each of these years, at which time we will prepare to file an appeal with the DOR.

	For the CCPA subsidiary, the total additional tax liability calculated by the auditors for calendar years 2008-2013 (using the re-audited 2010 number) is approximately $6.7 million. Appeals of cases for calendar years 2008, 2009, and the original 2010 audit have been filed and have received continuance pending the outcome of present litigation in the Commonwealth of Pennsylvania (Verizon Pennsylvania, Inc. v. Commonwealth, Docket No. 266 F.R. 2008). The preliminary audit findings for the calendar years 2011-2013, as well as the re-audit of 2010 were received on September 16, 2014. We are awaiting invoicing for each of these years, at which time we will prepare to file an appeal with the DOR.

	We anticipate that the outstanding audits and subsequent appeals will be continued pending the outcome of the Verizon litigation as well. The Gross Receipts Tax issues in the Verizon Pennsylvania case are substantially the same as those presently facing CCPA and CCES. In addition, there are numerous telecommunications carriers with Gross Receipts Tax matters dealing with the same issues that are in various stages of appeal before the Board of Finance and Revenue and the Commonwealth Court. Those appeals by other similarly situated telecommunications carriers have been continued until resolution of the Verizon Pennsylvania case. We believe that these assessments and the positions taken by the Commonwealth of Pennsylvania are without substantial merit. We do not believe that the outcome of these claims will have a material adverse impact on our financial results or cash flows.

	We are from time to time involved in various other legal proceedings and regulatory actions arising out of our operations. We do not believe that any of these, individually or in the aggregate, will have a material adverse effect upon our business, operating results or financial condition.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2014
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS
	12.RELATED PARTY TRANSACTIONS

	Capital Leases

	Richard A. Lumpkin, a member of our Board of Directors, together with his family, beneficially owned 44.7% and 41.3% of Agracel, Inc. (“Agracel”), a real estate investment company, at December 31, 2014 and 2013, respectively. Mr. Lumpkin also is a director of Agracel. Agracel is the sole managing member and 50% owner of LATEL LLC (“LATEL”). Mr. Lumpkin and his immediate family had a 72.4% and 70.7% beneficial ownership of LATEL at December 31, 2014 and 2013, respectively.

	As of December 31, 2014, we had three capital lease agreements with LATEL for the occupancy of three buildings on a triple net lease basis. In accordance with the Company’s related person transactions policy, these leases were approved by our Audit Committee and Board of Directors (“BOD”).We have accounted for these leases as capital leases in accordance with ASC Topic 840, Leases, and have capitalized the lower of the present value of the future minimum lease payments or their fair value. The capital lease agreements require us to pay substantially all expenses associated with general maintenance and repair, utilities, insurance, and taxes. Each of the three lease agreements have a maturity date of May 31, 2021 and each have two five-year options to extend the terms of the lease after the initial expiration date. We are required to pay LATEL approximately $7.9 million over the terms of the lease agreements. The carrying value of the capital leases at December 31, 2014 and 2013 was approximately $3.4 million and $3.6 million, respectively. We recognized $0.5 million in interest expense in 2014, 2013 and 2012 and amortization expense of $0.4 million in 2014, 2013 and 2012 related to the capitalized leases.

	Long-Term Debt

	A portion of the 2020 Notes was sold to accredited investors consisting of certain members of the Company’s Board of Directors or a trust of which a director is the beneficiary (“related parties”). In May 2012, the related parties purchased $10.8 million of the 2020 Notes on the same terms available to other investors, except that the related parties were not entitled to registration rights. In September 2014, $5.0 million of the 2022 Notes were sold to a trust, the beneficiary of which is a member of the Company’s Board of Directors. We recognized $1.3 million, $1.2 million, and $0.6 million in 2014, 2013, and 2012, respectively, in interest expense in the aggregate for the 2020 Notes.

QUARTERLY_FINANCIAL_INFORMATIO

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	Dec. 31, 2014
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
	13.QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

		Quarter Ended
	2014	March 31		June 30		September 30		December 31
		(In thousands, except per share amounts)
	Net revenues	$	149,648	$	151,036	$	149,040	$	186,014
	Operating income	$	25,942	$	25,425	$	24,249	$	15,573
	Net income (loss) attributable to common stockholders	$	8,324	$	9,807	$	7,642	$	-10,706
	Basic and diluted earnings (loss) per share	$	0.20	$	0.24	$	0.19	$	-0.22

		Quarter Ended
	2013	March 31		June 30		September 30		December 31
		(In thousands, except per share amounts)
	Net revenues	$	151,528	$	151,320	$	150,773	$	147,956
	Operating income	$	28,330	$	26,947	$	26,167	$	22,217
	Income from continuing operations	$	6,858	$	9,560	$	10,330	$	3,216
	Discontinued operations, net of tax	$	24	$	-272	$	1,425	$	-
	Net income attributable to common stockholders	$	6,783	$	9,194	$	11,694	$	3,140

	Basic and diluted earnings (loss) per share:
	Income from continuing operations	$	0.17	$	0.23	$	0.26	$	0.08
	Discontinued operations, net of tax	-		-0.01		0.03		-
	Net income per basic and diluted common share attributable to common shareholders
		$	0.17	$	0.22	$	0.29	$	0.08

	During the fourth quarter of 2014, we acquired 100% of the issued and outstanding shares of Enventis in exchange for shares of our common stock. Enventis’ results of operations have been included in our consolidated financial statements as of the acquisition date of October 16, 2014. As result of the Enventis acquisition, we incurred transaction costs of $0.9 million, $0.7 million and $9.8 million during the quarters ended June 30, 2014, September 30, 2014 and December 31, 2014, respectively.

	In connection with the repurchase of a portion of our 2020 Notes, as described in Note 6, we recognized a loss of $13.8 million on the partial extinguishment of debt during the quarter ended December 31, 2014.

	As described in Note 3, in September 2013, we completed the sale of the assets and contractual rights of our prison services business for a total cash price of $2.5 million, resulting in a gain of $1.3 million, net of tax. The financial results of the operations for prison services have been reported as a discontinued operation in our consolidated financial statements for all periods presented.

CONDENSED_CONSOLIDATING_FINANC

CONDENSED CONSOLIDATING FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2014
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
	14.CONDENSED CONSOLIDATING FINANCIAL INFORMATION

	Consolidated Communications, Inc. is the primary obligor under the unsecured 2020 Notes it issued on May 30, 2012. We and substantially all of our subsidiaries have jointly and severally guaranteed the 2020 Notes. All of the subsidiary guarantors are 100% direct or indirect wholly owned subsidiaries of the parent, and all guarantees are full, unconditional and joint and several with respect to principal, interest and liquidated damages, if any. As such, we present condensed consolidating balance sheets as of December 31, 2014 and 2013, and condensed consolidating statements of operations and cash flows for the years ended December 31, 2014, 2013 and 2012 for each of Consolidated Communications Holdings, Inc. (Parent), Consolidated Communications, Inc. (Subsidiary Issuer), guarantor subsidiaries and other non-guarantor subsidiaries with any consolidating adjustments. See Note 6 for more information regarding our 2020 Notes.

	Condensed Consolidating Balance Sheets
	(amounts in thousands)

			December 31, 2014
			Parent			Subsidiary			Guarantors			Non-Guarantors			Eliminations			Consolidated
						Issuer
	ASSETS
	Current assets:
	Cash and cash equivalents		$	-		$	4,940		$	820		$	919		$	-		$	6,679
	Accounts receivable, net		-			-			70,543			6,993			-			77,536
	Income taxes receivable		12,665			-			6,232			43			-			18,940
	Deferred income taxes		-71			158			12,807			480			-			13,374
	Prepaid expenses and other current assets		-			-			17,285			331			-			17,616
	Total current assets		12,594			5,098			107,687			8,766			-			134,145

	Property, plant and equipment, net		-			-			1,086,051			49,282			-			1,135,333

	Intangibles and other assets:
	Investments		-			3,724			111,652			-			-			115,376
	Investments in subsidiaries		2,119,335			1,510,416			13,000			-			-3,642,751			-
	Goodwill		-			-			699,625			66,181			-			765,806
	Other intangible assets		-			-			41,205			9,087			-			50,292
	Deferred debt issuance costs, net and other assets		-			15,421			3,892			-			-			19,313
	Total assets		$	2,131,929		$	1,534,659		$	2,063,112		$	133,316		$	-3,642,751		$	2,220,265

	LIABILITIES AND SHAREHOLDERS’ EQUITY
	Current liabilities:
	Accounts payable		$	-		$	-		$	15,277		$	-		$	-		$	15,277
	Advance billings and customer deposits		-			-			30,250			1,683			-			31,933
	Dividends payable		19,510			-			-			-			-			19,510
	Accrued compensation		-			-			30,737			1,844			-			32,581
	Accrued interest		-			6,775			6			3			-			6,784
	Accrued expense		36			-			38,211			1,451			-			39,698
	Current portion of long term debt and capital
	lease obligations		-			9,100			671			78			-			9,849
	Current portion of derivative liability		-			443			-			-			-			443
	Total current liabilities		19,546			16,318			115,152			5,059			-			156,075

	Long-term debt and capital lease obligations		-			1,352,949			3,070			734			-			1,356,753
	Advances due to/from affiliates, net		1,805,129			-1,953,695			206,616			-58,050			-			-
	Deferred income taxes		-14,833			-938			240,338			19,009			-			243,576
	Pension and postretirement benefit obligations		-			-			100,225			22,142			-			122,367
	Other long-term liabilities		-			690			13,339			552			-			14,581
	Total liabilities		1,809,842			-584,676			678,740			-10,554			-			1,893,352

	Shareholders’ equity:
	Common Stock		504			-			17,411			30,000			-47,411			504
	Other shareholders’ equity		321,583			2,119,335			1,362,135			113,870			-3,595,340			321,583
	Total Consolidated Communications Holdings, Inc.
	shareholders’ equity		322,087			2,119,335			1,379,546			143,870			-3,642,751			322,087
	Noncontrolling interest		-			-			4,826			-			-			4,826
	Total shareholders’ equity		322,087			2,119,335			1,384,372			143,870			-3,642,751			326,913
	Total liabilities and shareholders’ equity		$	2,131,929		$	1,534,659		$	2,063,112		$	133,316		$	-3,642,751		$	2,220,265

			December 31, 2013
			Parent			Subsidiary			Guarantors			Non-Guarantors			Eliminations			Consolidated
						Issuer
	ASSETS
	Current assets:
Cash and cash equivalents		$	-		$	86		$	2,366		$	3,099		$	-		$	5,551
Accounts receivable, net		-			502			44,521			7,010			-			52,033
Income taxes receivable		9,346			-			370			80			-			9,796
Deferred income taxes		-61			-7			7,533			495			-			7,960
Prepaid expenses and other current assets		-			-			11,862			518			-			12,380
Total current assets		9,285			581			66,652			11,202			-			87,720

Property, plant and equipment, net		-			-			834,199			51,163			-			885,362

Intangibles and other assets:
Investments		-			3,729			109,370			-			-			113,099
Investments in subsidiaries		1,101,039			335,659			12,130			-			-1,448,828			-
Goodwill		-			-			537,265			66,181			-			603,446
Other intangible assets		-			-			30,997			9,087			-			40,084
Deferred debt issuance costs, net and other assets		-			13,620			4,047			-			-			17,667
Total assets		$	1,110,324		$	353,589		$	1,594,660		$	137,633		$	-1,448,828		$	1,747,378

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable		$	-		$	-		$	4,885		$	-		$	-		$	4,885
Advance billings and customer deposits		-			-			23,699			2,235			-			25,934
Dividends payable		15,520			-			-			-			-			15,520
Accrued compensation		-			-			20,447			1,805			-			22,252
Accrued interest		-			3,514			6			4			-			3,524
Accrued expense		224			875			32,703			1,371			-			35,173
Current portion of long term debt and capital lease obligations		-			9,100			586			65			-			9,751
Current portion of derivative liability		-			660			-			-			-			660
Total current liabilities		15,744			14,149			82,326			5,480			-			117,699

Long-term debt and capital lease obligations		-			1,207,663			3,659			812			-			1,212,134
Advances due to/from affiliates, net		968,319			-1,970,192			1,037,969			-36,096			-			-
Deferred income taxes		-21,598			-1,029			184,209			18,277			-			179,859
Pension and postretirement benefit obligations		-			-			61,053			14,701			-			75,754
Other long-term liabilities		25			1,960			7,328			280			-			9,593
Total liabilities		962,490			-747,449			1,376,544			3,454			-			1,595,039

Shareholders’ equity:
Common Stock		401			-			17,411			30,000			-47,411			401
Other shareholders’ equity		147,433			1,101,038			196,200			104,179			-1,401,417			147,433
Total Consolidated Communications Holdings, Inc. shareholders’ equity		147,834			1,101,038			213,611			134,179			-1,448,828			147,834
Noncontrolling interest		-			-			4,505			-			-			4,505
Total shareholders’ equity		147,834			1,101,038			218,116			134,179			-1,448,828			152,339
Total liabilities and shareholders’ equity		$	1,110,324		$	353,589		$	1,594,660		$	137,633		$	-1,448,828		$	1,747,378

Condensed Consolidating Statements of Operations
(amounts in thousands)

		Year Ended December 31, 2014
		Parent			Subsidiary			Guarantors			Non-Guarantors			Eliminations			Consolidated
					Issuer
Net revenues		$	-		$	-7		$	585,148		$	64,380		$	-13,783		$	635,738
Operating expenses:
Cost of services and products (exclusive of depreciation and amortization)		-			-			242,354			13,391			-13,084			242,661
Selling, general and administrative expenses		3,975			126			119,649			17,585			-699			140,636
Financing and other transaction costs		10,808			581			428			-			-			11,817
Depreciation and amortization		-			-			141,673			7,762			-			149,435
Operating income (loss)		-14,783			-714			81,044			25,642			-			91,189
Other income (expense):
Interest expense, net of interest income		36			-82,617			55			-11			-			-82,537
Intercompany interest income (expense)		-108,366			125,932			-19,677			2,111			-			-
Loss on extinguishment of debt		-			-13,785			-			-			-			-13,785
Investment income		-			-5			34,521			-			-			34,516
Equity in earnings of subsidiaries, net		94,458			77,156			870			-			-172,484			-
Other, net		53			-553			-236			-232			-			-968
Income (loss) from continuing operations before income taxes		-28,602			105,414			96,577			27,510			-172,484			28,415
Income tax expense (benefit)		-43,669			10,956			35,022			10,718			-			13,027
Net income (loss)		15,067			94,458			61,555			16,792			-172,484			15,388
Less: net income attributable to noncontrolling interest		-			-			321			-			-			321
Net income (loss) attributable to Consolidated Communications Holdings, Inc.		$	15,067		$	94,458		$	61,234		$	16,792		$	-172,484		$	15,067

Total comprehensive income (loss) attributable to common shareholders		$	-19,489		$	59,902		$	39,502		$	2,780		$	-102,184		$	-19,489

		Year Ended December 31, 2013
		Parent			Subsidiary			Guarantors			Non-Guarantors			Eliminations			Consolidated
					Issuer
Net revenues		$	-		$	-60		$	547,635		$	68,128		$	-14,126		$	601,577
Operating expenses:
Cost of services and products (exclusive of depreciation and amortization)		-			-			220,764			14,635			-12,947			222,452
Selling, general and administrative expenses		3,608			167			113,942			18,876			-1,179			135,414
Financing and other transaction costs		457			-			319			-			-			776
Depreciation and amortization		-			-			130,455			8,819			-			139,274
Operating income (loss)		-4,065			-227			82,155			25,798			-			103,661
Other income (expense):
Interest expense, net of interest income		100			-86,090			181			42			-			-85,767
Intercompany interest income (expense)		-103,588			126,918			-24,662			1,332			-			-
Loss on extinguishment of debt		-			-7,657			-			-			-			-7,657
Investment income		-			89			37,606			-			-			37,695
Equity in earnings of subsidiaries, net		98,055			74,479			896			-			-173,430			-
Other, net		-18			-			-448			10			-			-456
Income (loss) from continuing operations before income taxes		-9,516			107,512			95,728			27,182			-173,430			47,476
Income tax expense (benefit)		-40,327			9,457			38,038			10,344			-			17,512
Income (loss) from continuing operations		30,811			98,055			57,690			16,838			-173,430			29,964
Discontinued operations, net of tax		-			-			1,177			-			-			1,177
Net income (loss)		30,811			98,055			58,867			16,838			-173,430			31,141
Less: net income attributable to noncontrolling interest		-			-			330			-			-			330
Net income (loss) attributable to Consolidated Communications Holdings, Inc.		$	30,811		$	98,055		$	58,537		$	16,838		$	-173,430		$	30,811

Total comprehensive income (loss) attributable to common shareholders		$	30,811		$	101,616		$	91,395		$	25,203		$	-173,430		$	75,595

		Year Ended December 31, 2012
		Parent			Subsidiary			Guarantors			Non-Guarantors			Eliminations			Consolidated
					Issuer
Net revenues		$	-		$	-15		$	423,303		$	68,774		$	-14,185		$	477,877
Operating expenses:
Cost of services and products (exclusive of depreciation and amortization)		-			-			175,759			14,355			-14,185			175,929
Selling, general and administrative expenses		2,530			385			88,664			16,584			-			108,163
Financing and other transaction costs		11,269			9,531			-			-			-			20,800
Intangible assets impairment		-			-			1,236			-			-			1,236
Depreciation and amortization		-			-			107,064			13,268			-			120,332
Operating income (loss)		-13,799			-9,931			50,580			24,567			-			51,417
Other income (expense):
Interest expense, net of interest income		-20			-71,704			-816			-64			-			-72,604
Intercompany interest income (expense)		-50,126			87,717			-37,509			-82			-			-
Loss on extinguishment of debt		-			-4,455			-			-			-			-4,455
Investment income		-			246			30,421			-			-			30,667
Equity in earnings of subsidiaries, net		48,942			48,272			1,435			-			-98,649			-
Other, net		-			1			617			-17			-			601
Income (loss) from continuing operations before income taxes		-15,003			50,146			44,728			24,404			-98,649			5,626
Income tax expense (benefit)		-20,643			1,204			11,239			8,861			-			661
Income (loss) from continuing operations		5,640			48,942			33,489			15,543			-98,649			4,965
Discontinued operations, net of tax		-			-			1,206			-			-			1,206
Net income (loss)		5,640			48,942			34,695			15,543			-98,649			6,171
Less: net income attributable to noncontrolling interest		-			-			531			-			-			531
Net income (loss) attributable to Consolidated Communications Holdings, Inc.		$	5,640		$	48,942		$	34,164		$	15,543		$	-98,649		$	5,640

Total comprehensive income (loss) attributable to common shareholders		$	5,640		$	53,920		$	24,816		$	11,962		$	-98,649		$	-2,311

Condensed Consolidating Statements of Cash Flows
(amounts in thousands)

		Year Ended December 31, 2014
		Parent			Subsidiary			Guarantors			Non-Guarantors			Consolidated
					Issuer
Net cash (used in) provided by operating activities		$	-71,646		$	37,972		$	196,186		$	25,273		$	187,785

Cash flows from investing activities:
Business acquisition, net of cash acquired		-139,558			-			-			-			-139,558
Purchases of property, plant and equipment		-			-			-103,509			-5,489			-108,998
Purchase of investments		-			-			-100			-			-100
Proceeds from sale of assets		-			-			1,740			55			1,795
Net cash used in investing activities		-139,558			-			-101,869			-5,434			-246,861

Cash flows from financing activities:
Proceeds on bond offering		-			200,000			-			-			200,000
Proceeds from issuance of long-term debt		-			80,000			-			-			80,000
Payment of capital lease obligation		-			-			-638			-65			-703
Payment on long-term debt		-			-63,100			-			-			-63,100
Partial redemption of senior notes					-84,127									-84,127
Payment of financing costs		-			-7,438			-			-			-7,438
Distributions to noncontrolling interest		-			-									-
Dividends on common stock		-62,341			-			-			-			-62,341
Purchase and retirement of common stock		-1,856			-			-			-			-1,856
Transactions with affiliates, net		275,632			-158,453			-95,225			-21,954			-
Other		-231			-			-			-			-231
Net cash provided by (used in) financing activities		211,204			-33,118			-95,863			-22,019			60,204
(Decrease) increase in cash and cash equivalents		-			4,854			-1,546			-2,180			1,128
Cash and cash equivalents at beginning of period		-			86			2,366			3,099			5,551
Cash and cash equivalents at end of period		$	-		$	4,940		$	820		$	919		$		6,679

		Year Ended December 31, 2013
		Parent			Subsidiary			Guarantors			Non-Guarantors			Consolidated
					Issuer
Net cash (used in) provided by continuing operations		$	-88,251		$	36,811		$	195,591		$	24,379		$	168,530
Net cash used in discontinued operations		-			-			-4,174			-			-4,174
Net cash (used in) provided by operating activities		-88,251			36,811			191,417			24,379			164,356

Cash flows from investing activities:
Purchases of property, plant and equipment		-			-			-100,139			-7,224			-107,363
Purchase of investments		-			-			-403			-			-403
Proceeds from sale of assets		-			-			282			48			330
Net cash used in continuing operations		-			-			-100,260			-7,176			-107,436
Net cash provided by discontinued operations		-			-			2,331			-			2,331
Net cash used in investing activities		-			-			-97,929			-7,176			-105,105

Cash flows from financing activities:
Proceeds from issuance of long-term debt		-			989,450			-			-			989,450
Payment of capital lease obligation		-			-			-462			-54			-516
Payment on long-term debt		-			-990,961			-			-			-990,961
Payment of financing costs		-			-6,576			-			-			-6,576
Dividends on common stock		-62,064			-			-			-			-62,064
Purchase and retirement of common stock		-887			-			-			-			-887
Transactions with affiliates, net		151,202			-35,215			-99,190			-16,797			-
Net cash provided by (used in) financing activities		88,251			-43,302			-99,652			-16,851			-71,554
(Decrease) increase in cash and cash equivalents		-			-6,491			-6,164			352			-12,303
Cash and cash equivalents at beginning of period		-			6,577			8,530			2,747			17,854
Cash and cash equivalents at end of period		$	-		$	86		$	2,366		$	3,099		$	5,551

		Year Ended December 31, 2012
		Parent			Subsidiary			Guarantors			Non-Guarantors			Consolidated
					Issuer
Net cash (used in) provided by continuing operations		$	-52,318		$	13,106		$	137,386		$	21,558		$	119,732
Net cash provided by discontinued operations		-			-			3,483			-			3,483
Net cash (used in) provided by operating activities		-52,318			13,106			140,869			21,558			123,215

Cash flows from investing activities:
Business acquisition, net of cash acquired		-385,346			-			-			-			-385,346
Purchases of property, plant and equipment		-			-			-70,948			-6,050			-76,998
Purchase of investments		-			-			-6,728			-			-6,728
Proceeds from sale of assets		-			-			882			42			924
Other		-314			-			-			-			-314
Net cash used in continuing operations		-385,660			-			-76,794			-6,008			-468,462
Net cash used in discontinued operations		-			-			-97			-			-97
Net cash used in investing activities		-385,660			-			-76,891			-6,008			-468,559

Cash flows from financing activities:
Proceeds on bond offering		-			298,035			-			-			298,035
Proceeds from issuance of long-term debt		-			544,850			-			-			544,850
Payment of capital lease obligation		-			-			-183			-45			-228
Payment on long-term debt		-			-510,038			-			-			-510,038
Payment of financing costs		-			-18,616			-			-			-18,616
Distributions to noncontrolling interest		-			-			3,150			-5,000			-1,850
Dividends on common stock		-54,100			-			-			-			-54,100
Purchase and retirement of common stock		-559			-			-			-			-559
Transactions with affiliates, net		492,637			-424,129			-58,495			-10,013			-
Net cash provided by (used in) financing activities		437,978			-109,898			-55,528			-15,058			257,494
(Decrease) increase in cash and cash equivalents		-			-96,792			8,450			492			-87,850
Cash and cash equivalents at beginning of period		-			103,369			80			2,255			105,704
Cash and cash equivalents at end of period		$	-		$	6,577		$	8,530		$	2,747		$	17,854

BUSINESS_DESCRIPTION_SUMMARY_O

BUSINESS DESCRIPTION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Business and Basis of Accounting

Use of Estimates

Principles of Consolidation

Enventis Merger and SureWest Merger

Enventis Merger

SureWest Merger

Discontinued Operations

Cash and Cash Equivalents

Accounts Receivable and Allowance for Doubtful Accounts

Year Ended December 31,

(In thousands)

2014

2013

2012

Balance at beginning of year

1,598

4,025

2,547

Provision charged to expense

3,320

515

5,615

Write-offs, less recoveries

-2,166

-2,942

-4,137

Balance at end of year

2,752

1,598

4,025

Investments

Fair Value of Financial Instruments

Level 1

–

Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2

–

Level 3

–

Unobservable inputs which are supported by little or no market activity.

Property, Plant and Equipment

Property, plant and equipment are recorded at cost. We capitalize additions and substantial improvements and expense repairs and maintenance costs as incurred.

Property, plant and equipment consisted of the following as of December 31, 2014 and 2013:

(In thousands)

December 31,

Estimated

2014

2013

Useful Lives

Land and buildings

116,523

98,663

18-40 years

Network and outside plant facilities

1,854,975

1,543,190

3-50 years

Furniture, fixtures and equipment

136,682

99,578

3-15 years

Assets under capital lease

11,510

11,169

3-11 years

Total plant in service

2,119,690

1,752,600

Less: accumulated depreciation and amortization

-1,025,665

-899,926

Plant in service

1,094,025

852,674

Construction in progress

28,233

23,586

Construction inventory

13,075

9,102

Totals

1,135,333

885,362

Intangible Assets

Indefinite-Lived Intangibles

Goodwill

Tradenames

Finite-Lived Intangible Assets

The components of finite-lived intangible assets are as follows:

December 31, 2014

December 31, 2013

Gross Carrying

Accumulated

Gross Carrying

Accumulated

(In thousands)

Useful Lives

Amount

Amortization

Amount

Amortization

Customer relationships

3 - 13 years

209,341

-175,769

195,651

-166,500

Tradenames

1 - 2 years

2,280

-1,044

900

-525

Other intangible assets

2 years

5,500

-573

Total

217,121

-177,386

196,551

-167,025

(In thousands)

2015

13,960

2016

13,170

2017

4,276

2018

1,671

2019

1,600

Thereafter

5,058

Total

39,735

Derivative Financial Instruments

Share-based Compensation

Pension Plan and Other Post-Retirement Benefits

Income Taxes

Revenue Recognition

Services

Print advertising and publishing revenues are recognized ratably over the life of the related directory, generally 12 months.

Equipment

Multiple Deliverable Arrangements

Subsidies and Surcharges

Advertising Costs

Advertising costs are expensed as incurred. Advertising expense was $8.2 million, $7.6 million and $5.1 million in 2014, 2013 and 2012, respectively.

Statement of Cash Flows Information

During 2014, 2013 and 2012, we made payments for interest and income taxes as follows:

(In thousands)

2014

2013

2012

Interest, net of amounts capitalized ($1,437, $1,215 and $515 in 2014, 2013 and 2012, respectively)

73,400

80,693

63,541

Income taxes paid, net

5,311

960

4,991

Noncash investing and financing activities:

In 2014, we issued 10.1 million shares of the Company’s common stock with a market value of $257.7 million in connection with the acquisition of Enventis as described in Note 3.

As described in Note 3, we issued $148.4 million in shares of the Company’s common stock in connection with the acquisition of SureWest in 2012.

In 2013 and 2012, we acquired equipment of $0.8 million and $0.4 million, respectively, through capital lease agreements.

Noncontrolling Interest

Recent Accounting Pronouncements

BUSINESS_DESCRIPTION_SUMMARY_O1

BUSINESS DESCRIPTION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of activity in the entity's accounts receivable allowance account
		Year Ended December 31,
	(In thousands)	2014			2013			2012
	Balance at beginning of year	$	1,598		$	4,025		$	2,547
	Provision charged to expense	3,320			515			5,615
	Write-offs, less recoveries	-2,166			-2,942			-4,137
	Balance at end of year	$	2,752		$	1,598		$	4,025


Schedule of property, plant and equipment
	(In thousands)	December 31,			December 31,			Estimated
	(In thousands)	2014			2013			Useful Lives
	Land and buildings	$	116,523		$	98,663		18-40 years
	Network and outside plant facilities	1,854,975			1,543,190			3-50 years
	Furniture, fixtures and equipment	136,682			99,578			3-15 years
	Assets under capital lease	11,510			11,169			3-11 years
	Total plant in service	2,119,690			1,752,600
	Less: accumulated depreciation and amortization	-1,025,665			-899,926
	Plant in service	1,094,025			852,674
	Construction in progress	28,233			23,586
	Construction inventory	13,075			9,102
	Totals	$	1,135,333		$	885,362


Schedule of carrying amount of customer lists
				December 31, 2014						December 31, 2013
				Gross Carrying			Accumulated			Gross Carrying			Accumulated
	(In thousands)	Useful Lives		Amount			Amortization			Amount			Amortization

	Customer relationships	3 - 13 years		$	209,341		$	-175,769		$	195,651		$	-166,500
	Tradenames	1 - 2 years		2,280			-1,044			900			-525
	Other intangible assets	2 years		5,500			-573			-			-
	Total			$	217,121		$	-177,386		$		196,551	$	-167,025


Schedule of expected amortization expense
	(In thousands)
	2015	$	13,960
	2016	13,170
	2017	4,276
	2018	1,671
	2019	1,600
	Thereafter		5,058
	Total	$	39,735


Schedule of supplemental cash flow information
	(In thousands)	2014			2013			2012
	Interest, net of amounts capitalized ($1,437, $1,215 and $515 in 2014, 2013 and 2012, respectively)	$	73,400		$	80,693		$	63,541
	Income taxes paid, net	$	5,311		$	960		$	4,991

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	12 Months Ended
EARNINGS PER SHARE (Tables)	Dec. 31, 2014
EARNINGS PER SHARE
Schedule of basic and diluted earnings per share
	(In thousands, except per share amounts)	2014		2013		2012
	Income from continuing operations	$	15,388	$	29,964	$	4,965
	Less: net income attributable to noncontrolling interest	321		330		531
	Income attributable to common shareholders before allocation of earnings to participating securities	15,067		29,634		4,434
	Less: earnings allocated to participating securities	546		466		351
	Income from continuing operations attributable to common shareholders	14,521		29,168		4,083
	Net income from discontinued operations	-		1,177		1,206
	Net income attributable to common shareholders	$	14,521	$	30,345	$	5,289

	Weighted-average number of common shares outstanding	41,998		39,764		34,652

	Basic and diluted earnings per common share:
	Income from continuing operations	$	0.35	$	0.73	$	0.12
	Income from discontinued operations, net of tax	-		0.03		0.03
	Net income per common share attributable to common shareholders	$	0.35	$	0.76	$	0.15

ACQUISITION_AND_DISPOSITIONS_T

ACQUISITION AND DISPOSITIONS (Tables)	12 Months Ended
ACQUISITION AND DISPOSITIONS (Tables)	Dec. 31, 2014
Summary of the financial information for the prison services operations
	(In thousands)	2013		2012
	Operating revenues	$	5,622	$	25,580
	Operating expenses including depreciation and amortization	5,883		23,599
	Income (loss) from operations	-261		1,981
	Income tax expense (benefit)	-105		775
	Income (loss) from discontinued operations	$	-156	$	1,206

	Gain on sale of discontinued operations, net of tax of $887	$	1,333	$	-


Enventis
Summary of final purchase price allocation
		(In thousands)
	Cash and cash equivalents	$	10,382
	Accounts receivable	37,399
	Other current assets	15,961
	Property, plant and equipment	282,564
	Intangible assets	20,570
	Other long-term assets	3,162
	Total assets acquired	370,038
	Current liabilities	40,552
	Pension and other post-retirement obligations	7,506
	Deferred income taxes	73,973
	Other long-term liabilities	2,768
	Total liabilities assumed	124,799
	Net fair value of assets acquired	245,239
	Goodwill	162,360
	Total consideration transferred	$	407,599


Schedule of unaudited pro forma results
		Year Ended December 31,
	(Unaudited; in thousands, except per share amounts)	2014		2013
	Operating revenues	$	790,745	$	790,777
	Income from operations	$	104,674	$	103,178
	Net income from continuing operations	$	18,648	$	24,288
	Less: net income attributable to noncontrolling interest	321		330
	Net income attributable to common stockholders	$	18,327	$	23,958
	Net income per common share - basic and diluted	$	0.37	$	0.48

INVESTMENTS_Tables

INVESTMENTS (Tables)	12 Months Ended
INVESTMENTS (Tables)	Dec. 31, 2014
INVESTMENTS
Schedule of investments
	(In thousands)	2014				2013
	Cash surrender value of life insurance policies	$		2,039		$	2,183
	Cost method investments:
	GTE Mobilnet of South Texas Limited Partnership (2.34% interest)	21,450				21,450
	Pittsburgh SMSA Limited Partnership (3.60% interest)	22,950				22,950
	CoBank, ACB Stock	7,645				5,112
	Other	200				200
	Equity method investments:
	GTE Mobilnet of Texas RSA #17 Limited Partnership (20.51% interest)	27,990				27,467
	Pennsylvania RSA 6(I) Limited Partnership (16.67% interest)	7,451				7,696
	Pennsylvania RSA 6(II) Limited Partnership (23.67% interest)	23,894				24,105
	CVIN, LLC (12.09% interest)	1,757				1,936
	Totals	$	115,376			$	113,099


Summary of combined unaudited results of operations and financial position of our three equity investments in the cellular limited partnerships
	(In thousands)	2014			2013			2012
	Total revenues	$	338,575		$	321,555		$	299,389
	Income from operations	96,606			98,962			83,577
	Net income before taxes	96,763			99,024			83,633
	Net income	96,763			99,024			83,283

	Current assets	$	52,866		$	54,837		$	49,982
	Non-current assets	93,771			87,968			79,529
	Current liabilities	16,253			15,221			15,417
	Non-current liabilities	3,225			1,786			1,351
	Partnership equity	127,159			125,799			112,734

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2014

FAIR VALUE MEASUREMENTS

Schedule of interest rate swap liabilities measured at fair value on a recurring basis

As of December 31, 2014

Quoted Prices

Significant

In Active

Other

Unobservable

Markets for

Observable

Inputs

Identical Assets

Inputs

(In thousands)

Total

(Level 1)

(Level 2)

(Level 3)

Current interest rate swap liabilities

-443

–

-443

–

Long-term interest rate swap liabilities

-690

–

-690

–

Total

-1,133

–

-1,133

–

As of December 31, 2013

Quoted Prices

Significant

In Active

Other

Unobservable

Markets for

Observable

Inputs

Identical Assets

Inputs

(In thousands)

Total

(Level 1)

(Level 2)

(Level 3)

Current interest rate swap liabilities

-660

–

-660

–

Long-term interest rate swap liabilities

-1,959

–

-1,959

–

Total

-2,619

–

-2,619

–

Schedule of other financial instruments that are not carried at fair value but which require fair value disclosure

As of December 31, 2014

As of December 31, 2013

(In thousands)

Carrying Value

Fair Value

Carrying Value

Fair Value

Investments, equity basis

61,092

n/a

61,204

n/a

Investments, at cost

52,245

n/a

49,712

n/a

Long-term debt, excluding capital leases

1,362,049

1,381,972

1,216,764

1,261,508

LONGTERM_DEBT_Tables

LONG-TERM DEBT (Tables)	12 Months Ended
LONG-TERM DEBT (Tables)	Dec. 31, 2014
LONG-TERM DEBT
Schedule of components of long-term debt outstanding, presented net of unamortized discounts
	(In thousands)	2014		2013
	Senior secured credit facility:
	Term loan 4, net of discount of $3,948 and $4,537 at	$	896,952	$	905,463
	December 31, 2014 and 2013, respectively
	Revolving loan	39,000		13,000
	10.875% Senior notes due 2020, net of discount of $1,121 and $1,699 at December 31, 2014 and 2013, respectively	226,097		298,301
	6.50% Senior notes due 2022	200,000		-
	Capital leases	4,553		5,121
		1,366,602		1,221,885
	Less: current portion of long-term debt and capital leases	-9,849		-9,751
	Total long-term debt	$	1,356,753	$	1,212,134


Schedule of aggregate maturities of long-term debt
	(In thousands)
	2015	$	9,100
	2016	9,100
	2017	9,100
	2018	48,100
	2019	9,100
	Thereafter	1,282,618
	Total maturities	1,367,118
	Less: Unamortized discount	-5,069
		$	1,362,049

DERIVATIVE_FINANCIAL_INSTRUMEN1

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2014
DERIVATIVE FINANCIAL INSTRUMENTS
Schedule of outstanding interest rate swaps



	(In thousands)	Notional		2014 Balance Sheet Location		Fair Value
		Amount

	Cash Flow Hedges:
	Fixed to 1-month floating LIBOR (with floor)	$	100,000	Other long-term liabilities		$	-133

	De-designated Hedges:
	Fixed to 1-month floating LIBOR	$	125,000	Other long-term liabilities		-410
	Fixed to 1-month floating LIBOR	50,000		Current portion of derivative liability		-443
	Fixed to 1-month floating LIBOR (with floor)	50,000		Other long-term liabilities		-147
	Total Fair Values					$	-1,133

	The following interest rate swaps were outstanding at December 31, 2013:

	(In thousands)	Notional		2013 Balance Sheet Location		Fair Value
		Amount

	De-designated Hedges:
	Fixed to 1-month floating LIBOR	$	175,000	Other long-term liabilities		$	-1,897
	Fixed to 1-month floating LIBOR	100,000		Current portion of derivative liability		-660
	Fixed to 1-month floating LIBOR (with floor)	50,000		Other long-term liabilities		-62
	Total Fair Values					$	-2,619













Schedule of effect of interest rate derivatives designated as cash flow hedges on AOCI and on the consolidated statements of income



	(In thousands)	2014		2013			2012
	Loss recognized in AOCI, pretax	$	-132	$	-614		$	-5,631
	Loss reclassified from AOCI to interest expense	$	-2,050	$	-5,875		$	-13,664
	Gain arising from ineffectiveness reducing interest expense	$	-	$	-		$	47

EQUITY_Tables

EQUITY (Tables)	12 Months Ended
EQUITY (Tables)	Dec. 31, 2014
EQUITY
Summary of the grants of RSAs and PSAs under the Plan


		Years Ended December 31,
				Grant Date					Grant Date			Grant Date
		2014		Fair Value			2013		Fair Value		2012	Fair Value
	RSAs Granted	132,781		$	19.74		168,516		$	17.13	14,732	$	19.30
	PSAs Granted	91,127		$	19.74		66,504		$	17.13	68,540	$	19.30
	Total	223,908					235,020				83,272








Summary of RSA and PSA activity




		RSAs					PSAs
		Shares		Weighted			Shares		Weighted
				Average Grant					Average Grant
				Date Fair Value					Date Fair Value
	Non-vested shares outstanding - January 1, 2014	123,501		$	17.32		64,266		$	17.96
	Shares granted	132,781		$	19.74		91,127		$	19.74
	Shares vested	-114,717		$	18.32		-72,984		$	19.08
	Non-vested shares outstanding - December 31, 2014	141,565		$	18.78		82,409		$	18.94








Summary of total compensation costs recognized for share-based payments



		Year Ended December 31,
	(In millions)	2014			2013			2012
	Restricted stock	$	2.1		$	1.8		$	1.3
	Performance shares	1.5			1.2			1.0
	Total	$	3.6		$	3.0		$	2.3






Schedule of changes in accumulated other comprehensive loss, net of tax, by component



		Pension and
		Post-Retirement			Derivative
	(In thousands)	Obligations			Instruments			Total
	Balance at December 31, 2012	$	-40,581		$	-5,203		$	-45,784
	Other comprehensive income before reclassifications	39,381			-381			39,000
	Amounts reclassified from accumulated other comprehensive income	1,843			3,941			5,784
	Net current period other comprehensive income	41,224			3,560			44,784
	Balance at December 31, 2013		643			-1,643			-1,000
	Other comprehensive income before reclassifications	-35,107			-81			-35,188
	Amounts reclassified from accumulated other comprehensive income	-637			1,269			632
	Net current period other comprehensive income	-35,744			1,188			-34,556
	Balance at December 31, 2014	$	-35,101		$	-455		$	-35,556





Summary of reclassifications from accumulated other comprehensive loss



		Amount Reclassified from AOCI
		Year Ended December 31,						Affected Line Item in the
	(In thousands)	2014			2013			Statement of Income
	Amortization of pension and post-retirement items:
	Prior service credit	$	494		$	637		(a)
	Actuarial gain (loss)	543			-3,652			(a)
		1,037			-3,015			Total before tax
		-400			1,172			Tax (expense) benefit
		$	637		$	-1,843		Net of tax

	Loss on cash flow hedges:
	Interest rate derivatives	$	-2,050		$	-5,875		Interest expense
		781			1,934			Tax benefit
		$	-1,269		$	-3,941		Net of tax

	(a)These items are included in the components of net periodic benefit cost for our pension and post-retirement benefit plans. See Note 9 for additional details.

PENSION_PLANS_AND_OTHER_POSTRE

PENSION PLANS AND OTHER POST-RETIREMENT BENEFITS (Tables)	12 Months Ended
PENSION PLANS AND OTHER POST-RETIREMENT BENEFITS (Tables)	Dec. 31, 2014
Post-retirement benefit obligation
Schedule of expected benefit payments


	As of December 31, 2014, benefit payments expected to be paid over the next ten years are outlined in the following table:

						Other
			Pension			Post-retirement
	(In thousands)		Plans			Plans
	2015		$	23,180		$	3,771
	2016		23,464			3,906
	2017		23,484			3,248
	2018		23,421			3,119
	2019		23,482			3,136
	2020 - 2024		116,982			14,189














Defined Benefit Plans
Post-retirement benefit obligation
Summary of change in benefit obligation, plan assets and funded status of the Retirement Plan, SureWest Plan and Supplemental Plans




	(In thousands)		2014				2013
	Change in benefit obligation
	Benefit obligation at the beginning of the year		$	337,343			$	379,528
	Service cost		560				743
	Interest cost		16,295				15,307
	Actuarial loss (gain)		48,620				(34,315		)
	Benefits paid		(21,630		)		(21,559		)
	Plan change		-				(2,361		)
	Benefit obligation at the end of the year		$	381,188			$	337,343

	(In thousands)		2014				2013
	Change in plan assets
	Fair value of plan assets at the beginning of the year		$	292,188			$	262,778
	Employer contributions		11,112				11,480
	Actual return on plan assets		15,448				39,489
	Benefits paid		(21,630		)		(21,559		)
	Fair value of plan assets at the end of the year		$	297,118			$	292,188
	Funded status at year end		$	(84,070	)		$	(45,155	)


Schedule of amounts recognized in the consolidated balance sheets
	(In thousands)		2014				2013
	Current liabilities		$	(246	)		$	(254	)
	Long-term liabilities		$	(83,824	)		$	(44,901	)


Schedule of amounts recognized in accumulated other comprehensive loss
	(In thousands)		2014				2013
	Unamortized prior service credit		$	(3,969	)		$	(4,426	)
	Unamortized net actuarial loss		66,561				10,302
			$	62,592			$	5,876


Schedule of the components of net periodic pension cost recognized in the consolidated statements of income
	(In thousands)		2014				2013				2012
	Service cost		$	560			$	743			$	1,184
	Interest cost		16,295				15,307				13,620
	Expected return on plan assets		(23,106		)		(20,654		)		(14,728		)
	Amortization of:
	Net actuarial loss		20				3,652				2,518
	Prior service credit		(457		)		(457		)		(282		)
	Net periodic pension (benefit) cost		$	(6,688	)		$	(1,409	)		$	2,312


Summary of changes in plan assets and benefit obligations recognized in other comprehensive loss, before tax effects
	(In thousands)		2014				2013
	Actuarial loss (gain), net		$	56,279			$	(53,149	)
	Recognized actuarial loss		(20		)		(3,652		)
	Prior service credit		-				(2,361		)
	Recognized prior service credit		457				457
	Total amount recognized in other comprehensive loss, before tax effects		$	56,716			$	(58,705	)


Schedule of weighted-average discount rate assumptions used to determine benefit obligations and net periodic pension benefit cost
			2014		2013		2012
	Discount rate - net periodic benefit cost		4.97%		4.20%		5.00%
	Discount rate - benefit obligation		4.27%		4.97%		4.20%
	Expected long-term rate of return on plan assets		8.00%		8.00%		7.70%
	Rate of compensation/salary increase		1.75%		1.75%		1.50%


Schedule of fair values of assets for the entity's defined benefit pension plans


						As of December 31, 2014
									Significant			Significant
						Quoted Prices			Other			Unobservable
						In Active			Observable			Inputs
						Markets for			Inputs
						Identical Assets
	(In thousands)		Total			(Level 1)			(Level 2)			(Level 3)

	Cash equivalents:
	Short-term investments(1)		$	7,634		$	1,370		$	6,264		$	–

	Equities:
	Stocks:
	U.S. common stocks		29,338			29,338			–			–
	International stocks		9,459			9,459			–			–
	Funds:
	U.S. small cap		11,224			–			11,224			–
	U.S. mid cap		8,890			8,890			–			–
	U.S. large cap		26,081			10,212			15,869			–
	Emerging markets		22,662			14,838			7,824			–
	International		64,748			49,334			15,414			–

	Fixed Income:
	U.S. treasury and government agency securities		16,707			7,996			8,711			–
	Corporate and municipal bonds		6,950			–			6,950			–
	Mortgage/asset-backed securities		7,247			–			7,247			–
	Common Collective Trust		62,507			–			62,507
	Mutual funds		26,964			26,964			–			–
	Total investments		$	300,411		$	158,401		$	142,010		$	–
	Other liabilities (2)			-3,293
	Net plan assets		$	297,118

						As of December 31, 2013
									Significant			Significant
						Quoted Prices			Other			Unobservable
						In Active			Observable			Inputs
						Markets for			Inputs
						Identical Assets
	(In thousands)		Total			(Level 1)			(Level 2)			(Level 3)

	Cash equivalents:
	Short-term investments(1)		$	4,708		$	2,835		$	1,873		$	–

	Equities:
	Stocks:
	U.S. common stocks		38,463			38,463			–			–
	International stocks		10,198			10,198			–			–
	Funds:
	U.S. small cap		15,181			–			15,181			–
	U.S. mid cap		9,215			9,215			–			–
	U.S. large cap		34,535			11,101			23,434			–
	Emerging markets		20,225			12,855			7,370			–
	International		60,416			44,132			16,284			–

	Fixed Income:
	U.S. treasury and government agency securities (3)		19,012			11,063			7,949			–
	Corporate and municipal bonds		8,624			–			8,624			–
	Mortgage/asset-backed securities		8,116			–			8,116			–
	Common Collective Trust		17,398			–			17,398
	Mutual funds		46,097			46,097			–			–
	Total		$	292,188		$	185,959		$	106,229		$	–

	-1		Short-term investments includes cash and cash equivalents and an investment in a common collective trust which is principally comprised of certificates of deposit, commercial paper and U.S. Treasury bills with maturities less than one year.

	-2		Net amount due for securities purchased and sold.

	-3		During 2014, we determined that certain government agency securities more appropriately aligned with the Level 2 classification of the fair value hierarchy. Accordingly, we have reclassified these securities from Level 1 to Level 2 as of December 31, 2013.









Post-retirement Benefit Obligations
Post-retirement benefit obligation
Summary of change in benefit obligation, plan assets and funded status of the Retirement Plan, SureWest Plan and Supplemental Plans





	(In thousands)		2014				2013
	Change in benefit obligation
	Benefit obligation at the beginning of the year		$	35,093			$	43,906
	Service cost		479				925
	Interest cost		1,565				1,575
	Plan participant contributions		694				757
	Actuarial loss (gain)		831				(9,552		)
	Benefits paid		(3,434		)		(3,966		)
	Amendments		-				1,448
	Acquisition		6,911				-
	Benefit obligation at the end of the year		$	42,139			$	35,093

	(In thousands)		2014				2013
	Change in plan assets
	Fair value of plan assets at the beginning of the year		$	3,575			$	3,410
	Employer contributions		2,740				2,772
	Plan participant’s contributions		694				757
	Actual return on plan assets		(246		)		602
	Benefits paid		(3,434		)		(3,966		)
	Fair value of plan assets at the end of the year		$	3,329			$	3,575
	Funded status at year end		$	(38,810	)		$	(31,518	)






Schedule of amounts recognized in the consolidated balance sheets

	(In thousands)		2014				2013
	Current liabilities		$	(2,734	)		$	(2,429	)
	Long-term liabilities		$	(36,076	)		$	(29,089	)







Schedule of amounts recognized in accumulated other comprehensive loss


	(In thousands)		2014				2013
	Unamortized prior service cost (credit)		$	221			$	183
	Unamortized net actuarial loss (gain)		(6,005		)		(7,868		)
			$	(5,784	)		$	(7,685	)











Schedule of the components of net periodic pension cost recognized in the consolidated statements of income



	(In thousands)		2014				2013				2012
	Service cost		$	479			$	925			$	811
	Interest cost		1,565				1,575				1,756
	Expected return on plan assets		(223		)		(233		)		(105		)
	Amortization of:
	Net actuarial loss (gain)		(563		)		–				–
	Prior service credit		(37		)		(180		)		(189		)
	Net periodic postretirement benefit cost		$	1,221			$	2,087			$	2,273










Summary of changes in plan assets and benefit obligations recognized in other comprehensive loss, before tax effects



	(In thousands)		2014				2013
	Actuarial loss (gain), net		$	1,301			$	(9,922	)
	Recognized actuarial gain		563				-
	Prior service cost		-				1,448
	Recognized prior service credit		37				180
	Total amount recognized in other comprehensive loss, before tax effects		$	1,901			$	(8,294	)











Schedule of weighted-average discount rate assumptions used to determine benefit obligations and net periodic pension benefit cost


			2014		2013		2012
	Net periodic benefit cost		4.55%		4.00%		5.00%
	Benefit obligation		4.11%		4.40%		3.90%






Schedule of a one percent change in the assumed healthcare cost trend rate




	(In thousands)		1% Increase				1% Decrease
	Effect on total of service and interest cost		$	150			$	(132	)
	Effect on postretirement benefit obligation		$	2,414			$	(2,136	)





Schedule of fair values of assets for the entity's defined benefit pension plans
						As of December 31, 2014
						Quoted Prices			Significant			Significant
						In Active			Other			Unobservable
						Markets for			Observable			Inputs
						Identical Assets			Inputs
	(In thousands)		Total			(Level 1)			(Level 2)			(Level 3)

	Cash equivalents:
	Short-term investments(1)		$	97		$	17		$	80		$	–

	Equities:
	U.S. common stocks		372			372			–			–
	International stocks		120			120			–			–
	Funds:
	U.S. small cap		142			–			142			–
	U.S. mid cap		113			113			–			–
	U.S. large cap		330			129			201			–
	Emerging markets		287			188			99			–
	International		821			625			196			–

	Fixed Income:
	U.S. treasury and government agency securities		212			102			110			–
	Corporate and municipal bonds		88			–			88			–
	Mortgage/asset-backed securities		92			–			92			–
	Common Collective Trust		792			–			792
	Mutual funds		342			342			–			–
	Total investments		$	3,808		$	2,008		$	1,800		$	–
	Benefit payments payable		-438
	Other liabilities (2)		-41
	Net plan assets		$	3,329

						As of December 31, 2013
						Quoted Prices			Significant			Significant
						In Active			Other			Unobservable
						Markets for			Observable			Inputs
						Identical Assets			Inputs
	(In thousands)		Total			(Level 1)			(Level 2)			(Level 3)

	Cash equivalents:
	Short-term investments(1)		$	89		$	89		$	–		$	–

	Equities:
	U.S. common stocks		592			592			–			–
	Funds:
	U.S. small cap		215			–			215			–
	U.S. large cap		638			–			638			–
	Emerging markets		263			–			263			–
	International		938			357			581			–

	Fixed Income:
	U.S. treasury and government agency securities (3)		678			394			284			–
	Corporate and municipal bonds		308			–			308			–
	Mortgage/asset-backed securities		289			–			289			–
	Total investments		$	4,010		$	1,432		$	2,578		$	–
	Benefit payments payable		-434
	Net plan assets		$	3,576

		-1		Short-term investments includes cash and cash equivalents and an investment in a common collective trust which is principally comprised of certificates of deposit, commercial paper and U.S. Treasury bills with maturities less than one year.

		-2		Net amount due for securities purchased and sold.

		-3		During 2014, we determined that certain government agency securities more appropriately aligned with the Level 2 classification of the fair value hierarchy. Accordingly, we have reclassified these securities from Level 1 to Level 2 as of December 31, 2013.

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2014
INCOME TAXES
Schedule of components of income tax expense



		For the Year Ended
	(In thousands)	2014		2013		2012

	Current:
	Federal	$	1,769	$	1,381	$	340
	State	1,014		86		1,078
	Total current expense	2,783		1,467		1,418

	Deferred:
	Federal	8,136		15,929		1,998
	State	2,108		116		-2,755
	Total deferred expense (benefit)	10,244		16,045		-757
	Total income tax expense	$	13,027	$	17,512	$	661








Schedule of reconciliation of the federal statutory tax rate to the effective tax rate


		For the Year Ended
	(In percentages)	2014		2013		2012

	Statutory federal income tax rate	35.0	%	35.0	%	35.0	%
	State income taxes, net of federal benefit	1.2		1.7		-12.8
	Transaction costs	2.6		-		14.9
	Other permanent differences	0.4		-		-1.1
	Change in uncertain tax positions	-		-1.7		-
	Change in deferred tax rate	7.4		-		-19.7
	Valuation allowance	-0.7		-		-
	Provision to return	-		1.3		-4.2
	Other	-0.1		0.6		-0.4
		45.8	%	36.9	%	11.7	%









Schedule of components of the net deferred tax liability



		Year Ended December 31,
	(In thousands)	2014		2013

	Current deferred tax assets:
	Reserve for uncollectible accounts	$	1,062	$	615
	Accrued vacation pay deducted when paid	2,381		2,196
	Accrued expenses and deferred revenue	9,931		5,149
		13,374		7,960
	Non-current deferred tax assets:
	Net operating loss carryforwards	12,431		18,809
	Pension and postretirement obligations	46,831		28,072
	Stock-based compensation	998		495
	Derivative instruments	276		1,004
	Financing costs	2,151		1,503
	Tax credit carryforwards	4,193		3,143
	Other	28		-
		66,908		53,026
	Valuation allowance	-1,736		-535
	Net non-current deferred tax assets	65,172		52,491

	Non-current deferred tax liabilities:
	Goodwill and other intangibles	-42,246		-28,515
	Basis in investment	-282		-38
	Partnership investments	-25,813		-25,523
	Property, plant and equipment	-240,407		-178,274
		-308,748		-232,350
	Net non-current deferred taxes	-243,576		-179,859
	Net deferred income tax liabilities	$	-230,202	$	-171,899







Schedule of reconciliation of the unrecognized tax benefits


		Liability for
		Unrecognized
		Tax Benefits
	(In thousands)	2014		2013

	Balance at January 1	$	-	$	1,224
	Additions for tax positions of acquisition	240		-
	Additions for tax positions in the current year	-		-
	Additions for tax positions of prior years	-		-
	Settlements with taxing authorities	-		-
	Reduction for lapse of federal statute of limitations	-		-
	Reduction for lapse of state statute of limitations	-		-1,224
	Balance at December 31	$	240	$	-

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Dec. 31, 2014
COMMITMENTS AND CONTINGENCIES
Summary of minimum annual contractual obligations and the estimated timing and effect the obligations will have on liquidity and cash flows
			Minimum Annual Contractual Obligations

	(in thousands)		2015		2016		2017		2018		2019		Thereafter		Total
	Operating lease agreements		$	4,796	$	3,019	$	2,620	$	1,855	$	1,554	$	5,068	$	18,912
	Capital lease agreements		1,302		1,077		971		961		984		1,378		6,673
	Capital expenditures (1)		3,023		–		–		–		–		–		3,023
	Service and support agreements (2)		8,526		7,403		2,428		1,586		1,334		858		22,135
	Transport and data connectivity		9,040		9,000		9,000		–		–		–		27,040
	Total		$	26,687	$	20,499	$	15,019	$	4,402	$	3,872	$	7,304	$	77,783

		-1		We have binding commitments with numerous suppliers for future capital expenditures.

		-2		We have entered into service and maintenance agreements to support various computer hardware and software applications and certain equipment. If we terminate any of the contracts prior to their expiration date, we would be liable for minimum commitment payments as defined in by the contractual terms of the contracts.

QUARTERLY_FINANCIAL_INFORMATIO1

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)	Dec. 31, 2014
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Schedule of unaudited quarterly financial information
		Quarter Ended
	2014	March 31		June 30		September 30		December 31
		(In thousands, except per share amounts)
	Net revenues	$	149,648	$	151,036	$	149,040	$	186,014
	Operating income	$	25,942	$	25,425	$	24,249	$	15,573
	Net income (loss) attributable to common stockholders	$	8,324	$	9,807	$	7,642	$	-10,706
	Basic and diluted earnings (loss) per share	$	0.20	$	0.24	$	0.19	$	-0.22

		Quarter Ended
	2013	March 31		June 30		September 30		December 31
		(In thousands, except per share amounts)
	Net revenues	$	151,528	$	151,320	$	150,773	$	147,956
	Operating income	$	28,330	$	26,947	$	26,167	$	22,217
	Income from continuing operations	$	6,858	$	9,560	$	10,330	$	3,216
	Discontinued operations, net of tax	$	24	$	-272	$	1,425	$	-
	Net income attributable to common stockholders	$	6,783	$	9,194	$	11,694	$	3,140

	Basic and diluted earnings (loss) per share:
	Income from continuing operations	$	0.17	$	0.23	$	0.26	$	0.08
	Discontinued operations, net of tax	-		-0.01		0.03		-
	Net income per basic and diluted common share attributable to common shareholders
		$	0.17	$	0.22	$	0.29	$	0.08

CONDENSED_CONSOLIDATING_FINANC1

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2014
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Schedule of condensed consolidating balance sheets
	Condensed Consolidating Balance Sheets
	(amounts in thousands)

			December 31, 2014
			Parent			Subsidiary			Guarantors			Non-Guarantors			Eliminations			Consolidated
						Issuer
	ASSETS
	Current assets:
	Cash and cash equivalents		$	-		$	4,940		$	820		$	919		$	-		$	6,679
	Accounts receivable, net		-			-			70,543			6,993			-			77,536
	Income taxes receivable		12,665			-			6,232			43			-			18,940
	Deferred income taxes		-71			158			12,807			480			-			13,374
	Prepaid expenses and other current assets		-			-			17,285			331			-			17,616
	Total current assets		12,594			5,098			107,687			8,766			-			134,145

	Property, plant and equipment, net		-			-			1,086,051			49,282			-			1,135,333

	Intangibles and other assets:
	Investments		-			3,724			111,652			-			-			115,376
	Investments in subsidiaries		2,119,335			1,510,416			13,000			-			-3,642,751			-
	Goodwill		-			-			699,625			66,181			-			765,806
	Other intangible assets		-			-			41,205			9,087			-			50,292
	Deferred debt issuance costs, net and other assets		-			15,421			3,892			-			-			19,313
	Total assets		$	2,131,929		$	1,534,659		$	2,063,112		$	133,316		$	-3,642,751		$	2,220,265

	LIABILITIES AND SHAREHOLDERS’ EQUITY
	Current liabilities:
	Accounts payable		$	-		$	-		$	15,277		$	-		$	-		$	15,277
	Advance billings and customer deposits		-			-			30,250			1,683			-			31,933
	Dividends payable		19,510			-			-			-			-			19,510
	Accrued compensation		-			-			30,737			1,844			-			32,581
	Accrued interest		-			6,775			6			3			-			6,784
	Accrued expense		36			-			38,211			1,451			-			39,698
	Current portion of long term debt and capital
	lease obligations		-			9,100			671			78			-			9,849
	Current portion of derivative liability		-			443			-			-			-			443
	Total current liabilities		19,546			16,318			115,152			5,059			-			156,075

	Long-term debt and capital lease obligations		-			1,352,949			3,070			734			-			1,356,753
	Advances due to/from affiliates, net		1,805,129			-1,953,695			206,616			-58,050			-			-
	Deferred income taxes		-14,833			-938			240,338			19,009			-			243,576
	Pension and postretirement benefit obligations		-			-			100,225			22,142			-			122,367
	Other long-term liabilities		-			690			13,339			552			-			14,581
	Total liabilities		1,809,842			-584,676			678,740			-10,554			-			1,893,352

	Shareholders’ equity:
	Common Stock		504			-			17,411			30,000			-47,411			504
	Other shareholders’ equity		321,583			2,119,335			1,362,135			113,870			-3,595,340			321,583
	Total Consolidated Communications Holdings, Inc.
	shareholders’ equity		322,087			2,119,335			1,379,546			143,870			-3,642,751			322,087
	Noncontrolling interest		-			-			4,826			-			-			4,826
	Total shareholders’ equity		322,087			2,119,335			1,384,372			143,870			-3,642,751			326,913
	Total liabilities and shareholders’ equity		$	2,131,929		$	1,534,659		$	2,063,112		$	133,316		$	-3,642,751		$	2,220,265

			December 31, 2013
			Parent			Subsidiary			Guarantors			Non-Guarantors			Eliminations			Consolidated
						Issuer
	ASSETS
	Current assets:
	Cash and cash equivalents		$	-		$	86		$	2,366		$	3,099		$	-		$	5,551
	Accounts receivable, net		-			502			44,521			7,010			-			52,033
	Income taxes receivable		9,346			-			370			80			-			9,796
	Deferred income taxes		-61			-7			7,533			495			-			7,960
Prepaid expenses and other current assets		-			-			11,862			518			-			12,380
Total current assets		9,285			581			66,652			11,202			-			87,720

Property, plant and equipment, net		-			-			834,199			51,163			-			885,362

Intangibles and other assets:
Investments		-			3,729			109,370			-			-			113,099
Investments in subsidiaries		1,101,039			335,659			12,130			-			-1,448,828			-
Goodwill		-			-			537,265			66,181			-			603,446
Other intangible assets		-			-			30,997			9,087			-			40,084
Deferred debt issuance costs, net and other assets		-			13,620			4,047			-			-			17,667
Total assets		$	1,110,324		$	353,589		$	1,594,660		$	137,633		$	-1,448,828		$	1,747,378

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable		$	-		$	-		$	4,885		$	-		$	-		$	4,885
Advance billings and customer deposits		-			-			23,699			2,235			-			25,934
Dividends payable		15,520			-			-			-			-			15,520
Accrued compensation		-			-			20,447			1,805			-			22,252
Accrued interest		-			3,514			6			4			-			3,524
Accrued expense		224			875			32,703			1,371			-			35,173
Current portion of long term debt and capital lease obligations		-			9,100			586			65			-			9,751
Current portion of derivative liability		-			660			-			-			-			660
Total current liabilities		15,744			14,149			82,326			5,480			-			117,699

Long-term debt and capital lease obligations		-			1,207,663			3,659			812			-			1,212,134
Advances due to/from affiliates, net		968,319			-1,970,192			1,037,969			-36,096			-			-
Deferred income taxes		-21,598			-1,029			184,209			18,277			-			179,859
Pension and postretirement benefit obligations		-			-			61,053			14,701			-			75,754
Other long-term liabilities		25			1,960			7,328			280			-			9,593
Total liabilities		962,490			-747,449			1,376,544			3,454			-			1,595,039

Shareholders’ equity:
Common Stock		401			-			17,411			30,000			-47,411			401
Other shareholders’ equity		147,433			1,101,038			196,200			104,179			-1,401,417			147,433
Total Consolidated Communications Holdings, Inc. shareholders’ equity		147,834			1,101,038			213,611			134,179			-1,448,828			147,834
Noncontrolling interest		-			-			4,505			-			-			4,505
Total shareholders’ equity		147,834			1,101,038			218,116			134,179			-1,448,828			152,339
Total liabilities and shareholders’ equity		$	1,110,324		$	353,589		$	1,594,660		$	137,633		$	-1,448,828		$	1,747,378



Schedule of condensed consolidating statements of operations
	Condensed Consolidating Statements of Operations
	(amounts in thousands)

			Year Ended December 31, 2014
			Parent			Subsidiary			Guarantors			Non-Guarantors			Eliminations			Consolidated
						Issuer
	Net revenues		$	-		$	-7		$	585,148		$	64,380		$	-13,783		$	635,738
	Operating expenses:
	Cost of services and products (exclusive of depreciation and amortization)		-			-			242,354			13,391			-13,084			242,661
	Selling, general and administrative expenses		3,975			126			119,649			17,585			-699			140,636
	Financing and other transaction costs		10,808			581			428			-			-			11,817
	Depreciation and amortization		-			-			141,673			7,762			-			149,435
	Operating income (loss)		-14,783			-714			81,044			25,642			-			91,189
	Other income (expense):
	Interest expense, net of interest income		36			-82,617			55			-11			-			-82,537
	Intercompany interest income (expense)		-108,366			125,932			-19,677			2,111			-			-
	Loss on extinguishment of debt		-			-13,785			-			-			-			-13,785
	Investment income		-			-5			34,521			-			-			34,516
	Equity in earnings of subsidiaries, net		94,458			77,156			870			-			-172,484			-
	Other, net		53			-553			-236			-232			-			-968
	Income (loss) from continuing operations before income taxes		-28,602			105,414			96,577			27,510			-172,484			28,415
	Income tax expense (benefit)		-43,669			10,956			35,022			10,718			-			13,027
	Net income (loss)		15,067			94,458			61,555			16,792			-172,484			15,388
	Less: net income attributable to noncontrolling interest		-			-			321			-			-			321
	Net income (loss) attributable to Consolidated Communications Holdings, Inc.		$	15,067		$	94,458		$	61,234		$	16,792		$	-172,484		$	15,067

	Total comprehensive income (loss) attributable to common shareholders		$	-19,489		$	59,902		$	39,502		$	2,780		$	-102,184		$	-19,489

			Year Ended December 31, 2013
			Parent			Subsidiary			Guarantors			Non-Guarantors			Eliminations			Consolidated
						Issuer
	Net revenues		$	-		$	-60		$	547,635		$	68,128		$	-14,126		$	601,577
	Operating expenses:
	Cost of services and products (exclusive of depreciation and amortization)		-			-			220,764			14,635			-12,947			222,452
	Selling, general and administrative expenses		3,608			167			113,942			18,876			-1,179			135,414
	Financing and other transaction costs		457			-			319			-			-			776
	Depreciation and amortization		-			-			130,455			8,819			-			139,274
	Operating income (loss)		-4,065			-227			82,155			25,798			-			103,661
	Other income (expense):
	Interest expense, net of interest income		100			-86,090			181			42			-			-85,767
	Intercompany interest income (expense)		-103,588			126,918			-24,662			1,332			-			-
	Loss on extinguishment of debt		-			-7,657			-			-			-			-7,657
	Investment income		-			89			37,606			-			-			37,695
	Equity in earnings of subsidiaries, net		98,055			74,479			896			-			-173,430			-
	Other, net		-18			-			-448			10			-			-456
	Income (loss) from continuing operations before income taxes		-9,516			107,512			95,728			27,182			-173,430			47,476
	Income tax expense (benefit)		-40,327			9,457			38,038			10,344			-			17,512
	Income (loss) from continuing operations		30,811			98,055			57,690			16,838			-173,430			29,964
	Discontinued operations, net of tax		-			-			1,177			-			-			1,177
	Net income (loss)		30,811			98,055			58,867			16,838			-173,430			31,141
	Less: net income attributable to noncontrolling interest		-			-			330			-			-			330
	Net income (loss) attributable to Consolidated Communications Holdings, Inc.		$	30,811		$	98,055		$	58,537		$	16,838		$	-173,430		$	30,811

	Total comprehensive income (loss) attributable to common shareholders		$	30,811		$	101,616		$	91,395		$	25,203		$	-173,430		$	75,595

			Year Ended December 31, 2012
			Parent			Subsidiary			Guarantors			Non-Guarantors			Eliminations			Consolidated
						Issuer
	Net revenues		$	-		$	-15		$	423,303		$	68,774		$	-14,185		$	477,877
	Operating expenses:
	Cost of services and products (exclusive of depreciation and amortization)		-			-			175,759			14,355			-14,185			175,929
	Selling, general and administrative expenses		2,530			385			88,664			16,584			-			108,163
	Financing and other transaction costs		11,269			9,531			-			-			-			20,800
Intangible assets impairment		-			-			1,236			-			-			1,236
Depreciation and amortization		-			-			107,064			13,268			-			120,332
Operating income (loss)		-13,799			-9,931			50,580			24,567			-			51,417
Other income (expense):
Interest expense, net of interest income		-20			-71,704			-816			-64			-			-72,604
Intercompany interest income (expense)		-50,126			87,717			-37,509			-82			-			-
Loss on extinguishment of debt		-			-4,455			-			-			-			-4,455
Investment income		-			246			30,421			-			-			30,667
Equity in earnings of subsidiaries, net		48,942			48,272			1,435			-			-98,649			-
Other, net		-			1			617			-17			-			601
Income (loss) from continuing operations before income taxes		-15,003			50,146			44,728			24,404			-98,649			5,626
Income tax expense (benefit)		-20,643			1,204			11,239			8,861			-			661
Income (loss) from continuing operations		5,640			48,942			33,489			15,543			-98,649			4,965
Discontinued operations, net of tax		-			-			1,206			-			-			1,206
Net income (loss)		5,640			48,942			34,695			15,543			-98,649			6,171
Less: net income attributable to noncontrolling interest		-			-			531			-			-			531
Net income (loss) attributable to Consolidated Communications Holdings, Inc.		$	5,640		$	48,942		$	34,164		$	15,543		$	-98,649		$	5,640

Total comprehensive income (loss) attributable to common shareholders		$	5,640		$	53,920		$	24,816		$	11,962		$	-98,649		$	-2,311


Schedule of condensed consolidating statements of cash flows
	Condensed Consolidating Statements of Cash Flows
	(amounts in thousands)

			Year Ended December 31, 2014
			Parent			Subsidiary			Guarantors			Non-Guarantors			Consolidated
						Issuer
	Net cash (used in) provided by operating activities		$	-71,646		$	37,972		$	196,186		$	25,273		$	187,785

	Cash flows from investing activities:
	Business acquisition, net of cash acquired		-139,558			-			-			-			-139,558
	Purchases of property, plant and equipment		-			-			-103,509			-5,489			-108,998
	Purchase of investments		-			-			-100			-			-100
	Proceeds from sale of assets		-			-			1,740			55			1,795
	Net cash used in investing activities		-139,558			-			-101,869			-5,434			-246,861

	Cash flows from financing activities:
	Proceeds on bond offering		-			200,000			-			-			200,000
	Proceeds from issuance of long-term debt		-			80,000			-			-			80,000
	Payment of capital lease obligation		-			-			-638			-65			-703
	Payment on long-term debt		-			-63,100			-			-			-63,100
	Partial redemption of senior notes					-84,127									-84,127
	Payment of financing costs		-			-7,438			-			-			-7,438
	Distributions to noncontrolling interest		-			-									-
	Dividends on common stock		-62,341			-			-			-			-62,341
	Purchase and retirement of common stock		-1,856			-			-			-			-1,856
	Transactions with affiliates, net		275,632			-158,453			-95,225			-21,954			-
	Other		-231			-			-			-			-231
	Net cash provided by (used in) financing activities		211,204			-33,118			-95,863			-22,019			60,204
	(Decrease) increase in cash and cash equivalents		-			4,854			-1,546			-2,180			1,128
	Cash and cash equivalents at beginning of period		-			86			2,366			3,099			5,551
	Cash and cash equivalents at end of period		$	-		$	4,940		$	820		$	919		$		6,679

			Year Ended December 31, 2013
			Parent			Subsidiary			Guarantors			Non-Guarantors			Consolidated
						Issuer
	Net cash (used in) provided by continuing operations		$	-88,251		$	36,811		$	195,591		$	24,379		$	168,530
	Net cash used in discontinued operations		-			-			-4,174			-			-4,174
	Net cash (used in) provided by operating activities		-88,251			36,811			191,417			24,379			164,356

	Cash flows from investing activities:
	Purchases of property, plant and equipment		-			-			-100,139			-7,224			-107,363
	Purchase of investments		-			-			-403			-			-403
	Proceeds from sale of assets		-			-			282			48			330
	Net cash used in continuing operations		-			-			-100,260			-7,176			-107,436
	Net cash provided by discontinued operations		-			-			2,331			-			2,331
	Net cash used in investing activities		-			-			-97,929			-7,176			-105,105

	Cash flows from financing activities:
	Proceeds from issuance of long-term debt		-			989,450			-			-			989,450
	Payment of capital lease obligation		-			-			-462			-54			-516
	Payment on long-term debt		-			-990,961			-			-			-990,961
	Payment of financing costs		-			-6,576			-			-			-6,576
	Dividends on common stock		-62,064			-			-			-			-62,064
	Purchase and retirement of common stock		-887			-			-			-			-887
	Transactions with affiliates, net		151,202			-35,215			-99,190			-16,797			-
	Net cash provided by (used in) financing activities		88,251			-43,302			-99,652			-16,851			-71,554
	(Decrease) increase in cash and cash equivalents		-			-6,491			-6,164			352			-12,303
	Cash and cash equivalents at beginning of period		-			6,577			8,530			2,747			17,854
	Cash and cash equivalents at end of period		$	-		$	86		$	2,366		$	3,099		$	5,551

			Year Ended December 31, 2012
			Parent			Subsidiary			Guarantors			Non-Guarantors			Consolidated
						Issuer
Net cash (used in) provided by continuing operations		$	-52,318		$	13,106		$	137,386		$	21,558		$	119,732
Net cash provided by discontinued operations		-			-			3,483			-			3,483
Net cash (used in) provided by operating activities		-52,318			13,106			140,869			21,558			123,215

Cash flows from investing activities:
Business acquisition, net of cash acquired		-385,346			-			-			-			-385,346
Purchases of property, plant and equipment		-			-			-70,948			-6,050			-76,998
Purchase of investments		-			-			-6,728			-			-6,728
Proceeds from sale of assets		-			-			882			42			924
Other		-314			-			-			-			-314
Net cash used in continuing operations		-385,660			-			-76,794			-6,008			-468,462
Net cash used in discontinued operations		-			-			-97			-			-97
Net cash used in investing activities		-385,660			-			-76,891			-6,008			-468,559

Cash flows from financing activities:
Proceeds on bond offering		-			298,035			-			-			298,035
Proceeds from issuance of long-term debt		-			544,850			-			-			544,850
Payment of capital lease obligation		-			-			-183			-45			-228
Payment on long-term debt		-			-510,038			-			-			-510,038
Payment of financing costs		-			-18,616			-			-			-18,616
Distributions to noncontrolling interest		-			-			3,150			-5,000			-1,850
Dividends on common stock		-54,100			-			-			-			-54,100
Purchase and retirement of common stock		-559			-			-			-			-559
Transactions with affiliates, net		492,637			-424,129			-58,495			-10,013			-
Net cash provided by (used in) financing activities		437,978			-109,898			-55,528			-15,058			257,494
(Decrease) increase in cash and cash equivalents		-			-96,792			8,450			492			-87,850
Cash and cash equivalents at beginning of period		-			103,369			80			2,255			105,704
Cash and cash equivalents at end of period		$	-		$	6,577		$	8,530		$	2,747		$	17,854

BUSINESS_DESCRIPTION_SUMMARY_O2

BUSINESS DESCRIPTION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 13, 2013
	item	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2013	item
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Number of access lines	270,000
Number of voice connections	167,000
Number of data and internet connections	290,000
Number of video connections	123,000
Discontinued Operations
Number of county jails where communication services for inmates were provided					13
Total purchase price for the sale of the assets and contractual rights related to prison services				$2,500,000	$2,500,000
Activity in the entity's accounts receivable allowance
Balance at beginning of year	1,598,000	4,025,000	2,547,000
Provision charged to expense	3,320,000	515,000	5,615,000
Write-offs, less recoveries	-2,166,000	-2,942,000	-4,137,000
Balance at end of year	$2,752,000	$1,598,000	$4,025,000

BUSINESS_DESCRIPTION_SUMMARY_O3

BUSINESS DESCRIPTION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Property, plant and equipment
Total plant in service	$2,119,690,000	$1,752,600,000
Less: accumulated depreciation and amortization	-1,025,665,000	-899,926,000
Plant in service	1,094,025,000	852,674,000
Totals	1,135,333,000	885,362,000
Depreciation and amortization expense	139,000,000	129,900,000	98,300,000
Land and buildings
Property, plant and equipment
Total plant in service	116,523,000	98,663,000
Land and buildings \| Minimum
Property, plant and equipment
Estimated Useful Lives	18 years
Land and buildings \| Maximum
Property, plant and equipment
Estimated Useful Lives	40 years
Network and outside plant facilities
Property, plant and equipment
Total plant in service	1,854,975,000	1,543,190,000
Network and outside plant facilities \| Minimum
Property, plant and equipment
Estimated Useful Lives	3 years
Network and outside plant facilities \| Maximum
Property, plant and equipment
Estimated Useful Lives	50 years
Furniture, fixtures and equipment
Property, plant and equipment
Total plant in service	136,682,000	99,578,000
Furniture, fixtures and equipment \| Minimum
Property, plant and equipment
Estimated Useful Lives	3 years
Furniture, fixtures and equipment \| Maximum
Property, plant and equipment
Estimated Useful Lives	15 years
Assets under capital lease
Property, plant and equipment
Total plant in service	11,510,000	11,169,000
Assets under capital lease \| Minimum
Property, plant and equipment
Estimated Useful Lives	3 years
Assets under capital lease \| Maximum
Property, plant and equipment
Estimated Useful Lives	11 years
Construction in progress
Property, plant and equipment
Total plant in service	28,233,000	23,586,000
Construction inventory
Property, plant and equipment
Total plant in service	$13,075,000	$9,102,000
Internal use network and non-network software \| Maximum
Property, plant and equipment
Period after which property plan and equipment capitalized	1 year

BUSINESS_DESCRIPTION_SUMMARY_O4

BUSINESS DESCRIPTION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Finite Lived Intangible Assets
Gross Carrying Amount	$217,121,000	$196,551,000
Accumulated Amortization	-177,386,000	-167,025,000
Amortization of intangible assets	10,400,000	9,400,000	22,100,000
Expected amortization expense
2015	13,960,000
2016	13,170,000
2017	4,276,000
2018	1,671,000
2019	1,600,000
Thereafter	5,058,000
Net carrying amount	39,735,000
Indefinite lived intangible assets
Indefinitely renewable tradenames	10,600,000	10,600,000
Impairment charge for tradenames	0	0
Customer Relationships
Finite Lived Intangible Assets
Gross Carrying Amount	209,341,000	195,651,000
Accumulated Amortization	-175,769,000	-166,500,000
Customer Relationships \| Minimum
Finite Lived Intangible Assets
Useful Lives	3 years
Customer Relationships \| Maximum
Finite Lived Intangible Assets
Useful Lives	13 years
Tradenames
Finite Lived Intangible Assets
Gross Carrying Amount	2,280,000	900,000
Accumulated Amortization	-1,044,000	-525,000
Tradenames \| Minimum
Finite Lived Intangible Assets
Useful Lives	1 year
Tradenames \| Maximum
Finite Lived Intangible Assets
Useful Lives	2 years
Other Intangible Assets
Finite Lived Intangible Assets
Gross Carrying Amount	5,500,000
Accumulated Amortization	($573,000)
Other Intangible Assets \| Maximum
Finite Lived Intangible Assets
Useful Lives	2 years

BUSINESS_DESCRIPTION_SUMMARY_O5

BUSINESS DESCRIPTION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Preceding period of average stock price used to calculate impairment of reporting unit under the fair value model	3 months
Goodwill	$765,806,000	$603,446,000
Enventis
Goodwill acquired during period	162,400,000
Goodwill	$162,360,000

BUSINESS_DESCRIPTION_SUMMARY_O6

BUSINESS DESCRIPTION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 5) (USD $)

3 Months Ended

12 Months Ended

0 Months Ended

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Oct. 16, 2014

Jul. 02, 2012

item

Share-based Compensation

Vesting period over which the cost of RSAs and PSAs is recognized

4 years

Pension Plan and Other Post-Retirement Benefits

Number of non-qualified plans

Income Taxes

Minimum number of states in which entity operates

Revenue Recognition

Period over which print advertising and publishing revenues recognized based on life of related directory

12 months

Revenue recorded

$186,014,000

$149,040,000

$151,036,000

$149,648,000

$147,956,000

$150,773,000

$151,320,000

$151,528,000

$635,738,000

$601,577,000

$477,877,000

Advertising costs

Advertising expense

8,200,000

7,600,000

5,100,000

Statement of Cash Flows Information

Interest, net of amounts capitalized

73,400,000

80,693,000

63,541,000

Interest capitalized

-1,437,000

1,215,000

515,000

Income taxes paid, net

5,311,000

960,000

4,991,000

Noncash investing and financing activities:

Equipment acquired under capital lease

800,000

400,000

Enventis

Noncash investing and financing activities:

Number of shares issued on date of merger

10,100,000

Value of shares issued in connection with the merger

257,700,000

SureWest

Noncash investing and financing activities:

Number of shares issued on date of merger

9,965,983

Value of shares issued in connection with the merger

$148,400,000

BUSINESS_DESCRIPTION_SUMMARY_O7

BUSINESS DESCRIPTION & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 6) (ETFL)	Dec. 31, 2014
Noncontrolling Interest
Ownership interest (as a percent)	63.00%
Eastex Telecom Investments, LLC
Noncontrolling Interest
Minority interest holding percentage	37.00%

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Basic and Diluted Earnings Per Share Using Two-class Method:
Income from continuing operations					$3,216	$10,330	$9,560	$6,858	$15,388	$29,964	$4,965
Less: net income attributable to noncontrolling interest									321	330	531
Income attributable to common shareholders before allocation of earnings to participating securities									15,067	29,634	4,434
Less: earnings allocated to participating securities									546	466	351
Income from continuing operations attributable to common shareholders									14,521	29,168	4,083
Net income from discontinued operations						1,425	-272	24		1,177	1,206
Net income attributable to common shareholders									$14,521	$30,345	$5,289
Weighted-average number of common shares outstanding									41,998,000	39,764,000	34,652,000
Basic and diluted earnings per common share:
Income from continuing operations (in dollars per share)					$0.08	$0.26	$0.23	$0.17	$0.35	$0.73	$0.12
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic and Diluted Share						$0.03	($0.01)			$0.03	$0.03
Net income per basic and diluted common share attributable to common shareholders (in dollars per share)	($0.22)	$0.19	$0.24	$0.20	$0.08	$0.29	$0.22	$0.17	$0.35	$0.76	$0.15
Common shares excluded from computation of potentially dilutive shares because of anti-dilutive effect									400,000	300,000	300,000

ACQUISITION_AND_DISPOSITIONS_D

ACQUISITION AND DISPOSITIONS (Details) (USD $)	12 Months Ended			0 Months Ended	3 Months Ended				0 Months Ended	6 Months Ended
ACQUISITION AND DISPOSITIONS (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Oct. 16, 2014	Dec. 31, 2014	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Jul. 02, 2012	Dec. 31, 2012
Agreement and Plan of Merger
Closing price of common stock (in dollars per share)				$25.40
Common stock, par value (in dollars per share)	$0.01	$0.01		$0.01	$0.01	$0.01
Transaction costs	$11,817,000	$776,000	$20,800,000
Estimated purchase price allocation
Goodwill	765,806,000	603,446,000			765,806,000	765,806,000
Enventis
Agreement and Plan of Merger
Number of route miles of fiber network				4,200
Common stock, no par value (in dollars per share)				$0
Business combination exchange ratio				0.7402
Estimated cash payable to employees and directors				4,700,000
Percentage of outstanding shares acquired				100.00%
Aggregate price of acquisition				257,700,000
Assumption of debt at acquisition				149,900,000
Number of shares issued on date of merger	10,100,000			10,100,000
Net revenues					37,600,000
Net income					-1,400,000
Acquisition related costs	5,700,000				5,700,000	5,700,000
Purchase consideration at acquisition				257,700,000
Transaction costs	11,500,000					9,800,000	700,000	900,000
Cash and cash equivalents	10,382,000				10,382,000	10,382,000
Estimated purchase price allocation
Cash and cash equivalents	10,382,000				10,382,000	10,382,000
Accounts receivable	37,399,000				37,399,000	37,399,000
Current assets	15,961,000				15,961,000	15,961,000
Property, plant and equipment	282,564,000				282,564,000	282,564,000
Other intangible assets	20,570,000				20,570,000	20,570,000
Other long-term assets	3,162,000				3,162,000	3,162,000
Total assets acquired	370,038,000				370,038,000	370,038,000
Current liabilities	40,552,000				40,552,000	40,552,000
Pension and other post-retirement obligations	7,506,000				7,506,000	7,506,000
Deferred income taxes	73,973,000				73,973,000	73,973,000
Other long-term liabilities	2,768,000				2,768,000	2,768,000
Total liabilities assumed	124,799,000				124,799,000	124,799,000
Net fair value assets acquired	245,239,000				245,239,000	245,239,000
Goodwill	162,360,000				162,360,000	162,360,000
Total consideration transferred	407,599,000				407,599,000	407,599,000
Unaudited Pro Forma Results
Operating revenues	790,745,000	790,777,000
Income from operations	104,674,000	103,178,000
Income from continuing operations	18,648,000	24,288,000
Less: income attributable to noncontrolling interest	321,000	330,000
Net income attributable to common stockholders	18,327,000	23,958,000
Net income per common share - basic and diluted
Net income per basic and diluted common share attributable to common shareholders (in dollars per share)	$0.37	$0.48
Enventis \| Customer Relationships
Agreement and Plan of Merger
Identifiable intangible assets acquired	13,700,000				13,700,000	13,700,000
Enventis \| Tradenames
Agreement and Plan of Merger
Identifiable intangible assets acquired	1,400,000				1,400,000	1,400,000
Estimated useful life	2 years
Enventis \| Non-compete agreements
Agreement and Plan of Merger
Identifiable intangible assets acquired	5,500,000				5,500,000	5,500,000
Estimated useful life	2 years
Enventis \| Minimum \| Customer Relationships
Agreement and Plan of Merger
Estimated useful life	5 years
Enventis \| Maximum \| Customer Relationships
Agreement and Plan of Merger
Estimated useful life	9 years
SureWest
Agreement and Plan of Merger
Percentage of outstanding shares acquired									100.00%
Cash consideration per share (in dollars per share)									$23
Aggregate price of acquisition									550,800,000
Cash paid and debt assumed									402,400,000
Number of shares issued on date of merger									9,965,983
Stock price (in dollars per share)									$14.89
Value of common stock issued									148,400,000
Net revenues										133,100,000
Net income										2,500,000
Acquisition related costs			9,500,000							9,500,000
Purchase consideration at acquisition									$550,800,000

ACQUISITION_AND_DISPOSITIONS_D1

ACQUISITION AND DISPOSITIONS (Details 2) (USD $)	1 Months Ended	12 Months Ended
ACQUISITION AND DISPOSITIONS (Details 2) (USD $)	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Sep. 13, 2013
ACQUISITION AND DISPOSITIONS
Total purchase price for the sale of the assets and contractual rights related to prison services	$2,500,000			$2,500,000
Summary of the financial information for the prison services operations
Operating revenues		5,622,000	25,580,000
Operating expenses including depreciation and amortization		5,883,000	23,599,000
Income (loss) from operations		-261,000	1,981,000
Income tax expense		-105,000	775,000
Income from discontinued operations		-156,000	1,206,000
Gain on sale of discontinued operations, net of tax	1,300,000	1,333,000
Tax portion on gain on sale of discontinued operations		$887,000

INVESTMENTS_Details

INVESTMENTS (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
	item	Dec. 31, 2013	Dec. 31, 2012
Investments
Cash distributions received from partnerships treated as cost method investees	$14,800,000	$16,900,000	$14,100,000
Cash distributions received from partnerships treated as equity method investees	19,800,000	17,900,000	15,000,000
Purchase of additional ownership interest	100,000	400,000
Number of entity's investments which is accounted for using equity method	3
Carrying value of investments in excess of underlying equity	32,800,000
Investments
Cash surrender value of life insurance policies	2,039,000	2,183,000
Total	115,376,000	113,099,000
Summary of unaudited summarized income statement information
Total revenues	338,575,000	321,555,000	299,389,000
Income from operations	96,606,000	98,962,000	83,577,000
Net income before taxes	96,763,000	99,024,000	83,633,000
Net income	96,763,000	99,024,000	83,283,000
Summary of unaudited summarized balance sheet information
Current assets	52,866,000	54,837,000	49,982,000
Non-current assets	93,771,000	87,968,000	79,529,000
Current liabilities	16,253,000	15,221,000	15,417,000
Non-current liabilities	3,225,000	1,786,000	1,351,000
Partnership equity	127,159,000	125,799,000	112,734,000
GTE Mobilnet of South Texas Limited Partnership
Investments
Ownership percentage of cost method investee	2.34%
Investments
Cost method investments:	21,450,000	21,450,000
Pittsburgh SMSA Limited Partnership
Investments
Ownership percentage of cost method investee	3.60%
Investments
Cost method investments:	22,950,000	22,950,000
CoBank, ACB Stock
Investments
Cost method investments:	7,645,000	5,112,000
Other
Investments
Cost method investments:	200,000	200,000
GTE Mobilnet of Texas RSA #17 Limited Partnership
Investments
Ownership percentage of equity method investee	20.51%
Investments
Equity method investments:	27,990,000	27,467,000
Pennsylvania RSA 6(I) Limited Partnership
Investments
Ownership percentage of equity method investee	16.67%
Investments
Equity method investments:	7,451,000	7,696,000
Pennsylvania RSA 6(II) Limited Partnership
Investments
Ownership percentage of equity method investee	23.67%
Investments
Equity method investments:	23,894,000	24,105,000
CVIN, LLC
Investments
Ownership percentage of equity method investee	12.09%
Investments
Equity method investments:	$1,757,000	$1,936,000

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Fair Value Measurements
Current interest rate swap liabilities	($443)	($660)
Recurring \| Fair Value
Fair Value Measurements
Current interest rate swap liabilities	-443	-660
Long-term interest rate swap liabilities	-690	-1,959
Total	-1,133	-2,619
Recurring \| Significant Other Observable Inputs (Level 2)
Fair Value Measurements
Current interest rate swap liabilities	-443	-660
Long-term interest rate swap liabilities	-690	-1,959
Total	($1,133)	($2,619)

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Carrying Value
Fair Value Measurements
Investments, equity basis	$61,092	$61,204
Investments, at cost	52,245	49,712
Long-term debt	1,362,049	1,216,764
Fair Value
Fair Value Measurements
Long-term debt	$1,381,972	$1,261,508

LONGTERM_DEBT_Details

LONG-TERM DEBT (Details) (USD $)	12 Months Ended			31 Months Ended	0 Months Ended						3 Months Ended	0 Months Ended	3 Months Ended	0 Months Ended	1 Months Ended
LONG-TERM DEBT (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014	Dec. 19, 2014	Oct. 16, 2014	Apr. 01, 2014	Mar. 31, 2014	Mar. 19, 2014	30-May-12	Dec. 31, 2014	Sep. 18, 2014	Mar. 31, 2015	Jun. 29, 2014	Feb. 29, 2012	Dec. 23, 2013
Debt
Total long-term debt	$1,366,602,000	$1,221,885,000		$1,366,602,000							$1,366,602,000
Less: current portion of long-term debt and capital leases	-9,849,000	-9,751,000		-9,849,000							-9,849,000
Total long-term debt	1,356,753,000	1,212,134,000		1,356,753,000							1,356,753,000
Loss on extinguishment of debt	-13,785,000	-7,657,000	-4,455,000
Partial redemption of senior notes	84,127,000
Dividend declared	66,331,000	62,121,000	57,992,000
Dividend paid				174,800,000
Remaining consolidated cash available for dividends and other restricted payments	241,400,000			241,400,000							241,400,000
Cumulative consolidated cash available to pay dividends and other restricted payments	416,200,000			416,200,000							416,200,000
Dividends available for distribution	211,800,000			211,800,000							211,800,000
Leverage ratio	4.08			4.08							4.08
Interest coverage ratio	4.07			4.07							4.07
Percentage of increase in available cash used in repayment of debt during dividend suspension period	50.00%
Aggregate maturities of our long-term debt
2015	9,100,000			9,100,000							9,100,000
2016	9,100,000			9,100,000							9,100,000
2017	9,100,000			9,100,000							9,100,000
2018	48,100,000			48,100,000							48,100,000
2019	9,100,000			9,100,000							9,100,000
Thereafter	1,282,618,000			1,282,618,000							1,282,618,000
Total maturities	1,367,118,000			1,367,118,000							1,367,118,000
Unamortized discount	-5,069,000			-5,069,000							-5,069,000
Long-term debt excluding capital leases	1,362,049,000			1,362,049,000							1,362,049,000
Minimum
Debt
Interest coverage ratio	2.25			2.25							2.25
Maximum
Debt
Leverage ratio	5.1			5.1							5.1
Leverage ratio for an event of default	5.25			5.25							5.25
Senior Unsecured Bridge Loan Facility \| SureWest
Debt
Maximum borrowing capacity of credit facility															350,000,000
Senior Notes 10.875 Percent Due 2020
Debt
Total long-term debt	226,097,000	298,301,000		226,097,000							226,097,000
Aggregate principal amount										300,000,000
Loss on extinguishment of debt	13,800,000										13,800,000
Partial redemption of senior notes						84,100,000
Interest rate (as a percent)	10.88%			10.88%						10.88%	10.88%
Issue price as a percentage of principal amount										99.35%
Yield to maturity (as a percent)										11.00%
Debt issued		287,300,000
Net leverage ratio	4.01			4.01							4.01
Multiplier used in the calculation of permitted lien basket for liens securing indebtedness							2.75	2.5
Consent fees									2,500,000
Number of times to be applied to fixed charges for calculating the deduction from cumulative consolidated net cash	1.75			1.75							1.75
Dividends and other restricted payments available for distribution	50,000,000			50,000,000							50,000,000
Amount of debt redeemed					26,000,000	46,800,000
Redemption price					113.50%	116.75%
Aggregate maturities of our long-term debt
Unamortized discount	-1,121,000	-1,699,000		-1,121,000							-1,121,000
Senior Notes 10.875 Percent Due 2020 \| Maximum
Debt
Leverage ratio							4.5	4.25
Net leverage ratio	4.5			4.5							4.5
Senior Notes 6.50 Percent Due 2022
Debt
Aggregate principal amount	200,000,000			200,000,000							200,000,000	200,000,000
Financing fees capitalized	3,500,000
Gross proceeds												200,000,000
Interest rate (as a percent)	6.50%			6.50%							6.50%	6.50%
Senior Notes 6.50 Percent Due 2022 \| Maximum
Debt
Leverage ratio covenant for dividend and other restricted payments	4.75			4.75							4.75
Senior Secured Credit Facility \| Weighted average
Debt
Weighted average interest rate (as a percent)	4.20%	4.23%
Term loan 3
Debt
Loss on extinguishment of debt			4,500,000
Term loan 4
Debt
Total long-term debt	896,952,000	905,463,000		896,952,000							896,952,000
Aggregate principal amount		910,000,000
Quarterly principal payments required	2,300,000
Financing fees capitalized		6,600,000
Loss on extinguishment of debt		7,700,000
Aggregate maturities of our long-term debt
Unamortized discount	-3,948,000	-4,537,000		-3,948,000							-3,948,000					-4,600,000
Term loan 4 \| LIBOR
Debt
Margin (as a percent)	3.25%
Variable rate basis, floor (as a percent)	1.00%
Senior secured credit facility - revolving loan
Debt
Total long-term debt	39,000,000	13,000,000		39,000,000							39,000,000
Maximum borrowing capacity of credit facility		75,000,000
Amounts outstanding	39,000,000	13,000,000		39,000,000							39,000,000
Stand-by letter of credit outstanding	900,000			900,000							900,000
Senior secured credit facility - revolving loan \| LIBOR \| Minimum
Debt
Margin (as a percent)	2.50%
Senior secured credit facility - revolving loan \| LIBOR \| Maximum
Debt
Margin (as a percent)	3.25%
Senior secured credit facility - revolving loan \| LIBOR \| Forecast \| Weighted average
Debt
Margin (as a percent)													3.00%
Senior secured credit facility - revolving loan \| Alternate base rate \| Minimum
Debt
Margin (as a percent)	1.50%
Senior secured credit facility - revolving loan \| Alternate base rate \| Maximum
Debt
Margin (as a percent)	2.25%
Senior secured credit facility - revolving loan \| Alternate base rate \| Forecast \| Weighted average
Debt
Margin (as a percent)													2.00%
Senior Unsecured Bridge Loan Facility
Debt
Debt Related Commitment Fees and Debt Issuance Costs														1,400,000
Senior Unsecured Bridge Loan Facility \| Enventis
Debt
Maximum borrowing capacity of credit facility														140,000,000
Senior Unsecured Bridge Loan Facility \| SureWest
Debt
Term of debt															4 years
Financing fees capitalized															4,200,000
Senior Notes
Debt
Aggregate principal amount										300,000,000
Capital leases
Debt
Total long-term debt	$4,553,000	$5,121,000		$4,553,000							$4,553,000

DERIVATIVE_FINANCIAL_INSTRUMEN2

DERIVATIVE FINANCIAL INSTRUMENTS (Details) (USD $)	12 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Derivatives
Fair Value, Current portion of long-term liabilities	($443,000)	($660,000)
Number of U.S. and European banks which are counterparties	4
Number of swap agreements that provide for the entity or the counterparties to post collateral	0
De-designated Hedges \| Fixed to 1-month floating LIBOR (with floor)
Derivatives
Notional amount	50,000,000	50,000,000
Fair Value, Other long-term liabilities	-147,000	-62,000
De-designated Hedges \| Fixed to 1-month floating LIBOR, one
Derivatives
Notional amount	125,000,000	175,000,000
Fair Value, Other long-term liabilities	-410,000	-1,897,000
De-designated Hedges \| Fixed to 1-month floating LIBOR, two
Derivatives
Notional amount	50,000,000	100,000,000
Fair Value, Current portion of long-term liabilities	-443,000	-660,000
De-designated Hedges \| Interest rate swaps
Derivatives
Gain recognized as a reduction to interest expense	1,600,000	2,200,000	2,800,000
Cash flow hedges
Derivatives
Notional amount	100,000,000
Fair Value, Other long-term liabilities	-133,000
Cash flow hedges \| Interest rate swaps
Derivatives
Total Fair Value	($1,133,000)	($2,619,000)

DERIVATIVE_FINANCIAL_INSTRUMEN3

DERIVATIVE FINANCIAL INSTRUMENTS (Details 2) (Interest rate swaps, USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Loss on cash flow hedges
Derivatives
Deferred losses included in AOCI (pretax)	$800,000	$2,600,000
Cash flow hedges
Derivatives
Loss recognized in AOCI, pretax	-132,000	-614,000	-5,631,000
Deferred losses reclassified from AOCI to interest expense	-2,050,000	-5,875,000	-13,664,000
Gain arising from ineffectiveness reducing interest expense			47,000
Losses included in AOCI to be recognized in the next 12 months	$1,200,000

EQUITY_Details

EQUITY (Details) (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Stock-based compensation plans
Shares of common stock authorized for issuance	1,650,000
Vesting period	4 years
Number of shares
Shares granted	223,908	235,020	83,272
Total fair value of the awards vested	$3.50	$3	$2.40
Price
Pretax stock-based compensation expense	3.6	3	2.3
Income tax benefits related to stock-based compensation	1.3	1.1	0.4
Maximum
Stock-based compensation plans
Shares that may be granted in the form of stock options or stock appreciation rights to any eligible employee or director in any calendar year	300,000
Payout opportunity as a percentage of the target	120.00%
Minimum
Stock-based compensation plans
Payout opportunity as a percentage of the target	0.00%
Restricted stock
Stock-based compensation plans
Vesting period	4 years
Number of shares
Non-vested shares outstanding at the beginning of the period	123,501
Shares granted	132,781
Shares vested	-114,717
Non-vested shares outstanding at the end of the period	141,565	123,501
Price
Non-vested shares outstanding at the beginning of the period (in dollars per share)	$17.32
Shares granted (in dollars per share)	$19.74
Shares vested (in dollars per share)	$18.32
Non-vested shares outstanding at the end of the period (in dollars per share)	$18.78	$17.32
Pretax stock-based compensation expense	2.1	1.8	1.3
Unrecognized share-based compensation
Unrecognized compensation costs	4.3
Weighted-average period of recognition	10 months 24 days
Restricted stock \| Plan
Number of shares
Shares granted	132,781	168,516	14,732
Price
Shares granted (in dollars per share)	$19.74	$17.13	$19.30
Performance shares
Number of shares
Non-vested shares outstanding at the beginning of the period	64,266
Shares granted	91,127
Shares vested	-72,984
Non-vested shares outstanding at the end of the period	82,409	64,266
Price
Non-vested shares outstanding at the beginning of the period (in dollars per share)	$17.96
Shares granted (in dollars per share)	$19.74
Shares vested (in dollars per share)	$19.08
Non-vested shares outstanding at the end of the period (in dollars per share)	$18.94	$17.96
Pretax stock-based compensation expense	$1.50	$1.20	$1
Performance shares \| Plan
Number of shares
Shares granted	91,127	66,504	68,540
Price
Shares granted (in dollars per share)	$19.74	$17.13	$19.30

EQUITY_Details_2

EQUITY (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Accumulated other comprehensive loss, net of tax, by component
Balance at the beginning of the period	($1,000)	($45,784)
Other comprehensive income before reclassifications	-35,188	39,000
Amounts reclassified from accumulated other comprehensive income	632	5,784
Net current period other comprehensive income	-34,556	44,784	-7,951
Balance at the end of the period	-35,556	-1,000	-45,784
Pension and Post-Retirement Obligations
Accumulated other comprehensive loss, net of tax, by component
Balance at the beginning of the period	643	-40,581
Other comprehensive income before reclassifications	-35,107	39,381
Amounts reclassified from accumulated other comprehensive income	-637	1,843
Net current period other comprehensive income	-35,744	41,224
Balance at the end of the period	-35,101	643
Loss on cash flow hedges
Accumulated other comprehensive loss, net of tax, by component
Balance at the beginning of the period	-1,643	-5,203
Other comprehensive income before reclassifications	-81	-381
Amounts reclassified from accumulated other comprehensive income	1,269	3,941
Net current period other comprehensive income	1,188	3,560
Balance at the end of the period	($455)	($1,643)

EQUITY_Details_3

EQUITY (Details 3) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
EQUITY
Income from continuing operations before income taxes	$28,415	$47,476	$5,626
Interest expense	-82,537	-85,767	-72,604
Tax (expense) benefit	-13,027	-17,512	-661
Net income	15,388	31,141	6,171
Pension and Post-Retirement Obligations \| Amount Reclassified from AOCI
EQUITY
Prior service credit	494	637
Actuarial gain (loss)	543	-3,652
Income from continuing operations before income taxes	1,037	-3,015
Tax (expense) benefit	-400	1,172
Net income	637	-1,843
Loss on cash flow hedges \| Amount Reclassified from AOCI
EQUITY
Interest expense	-2,050	-5,875
Tax (expense) benefit	781	1,934
Net income	($1,269)	($3,941)

PENSION_PLANS_AND_OTHER_POSTRE1

PENSION PLANS AND OTHER POST-RETIREMENT BENEFITS (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Amounts recognized in the consolidated balance sheets
Long-term liabilities	($122,367,000)	($75,754,000)
Defined Benefit Plans
Change in benefit obligation
Benefit obligation at the beginning of the year	337,343,000	379,528,000
Service costs	560,000	743,000	1,184,000
Interest costs	16,295,000	15,307,000	13,620,000
Actuarial loss (gain)	48,620,000	-34,315,000
Benefits paid	-21,630,000	-21,559,000
Plan change		-2,361,000
Benefit obligation at the end of the year	381,188,000	337,343,000	379,528,000
Change in plan assets
Fair value of plan assets at the beginning of the year	292,188,000	262,778,000
Employer contributions	11,112,000	11,480,000
Actual return on plan assets	15,448,000	39,489,000
Benefits paid	-21,630,000	-21,559,000
Fair value of plan assets at the end of the year	297,118,000	292,188,000	262,778,000
Funded status at year end	-84,070,000	-45,155,000
Amounts recognized in the consolidated balance sheets
Current liabilities	-246,000	-254,000
Long-term liabilities	-83,824,000	-44,901,000
Amounts recognized in accumulated other comprehensive income
Unamortized prior service credit	-3,969,000	-4,426,000
Unamortized net actuarial loss	66,561,000	10,302,000
Total	62,592,000	5,876,000
Components of net periodic pension costs
Service costs	560,000	743,000	1,184,000
Interest costs	16,295,000	15,307,000	13,620,000
Expected return on plan assets	-23,106,000	-20,654,000	-14,728,000
Net amortization (gain) loss	20,000	3,652,000	2,518,000
Prior service cost (credit) amortization	-457,000	-457,000	-282,000
Net periodic pension benefit	-6,688,000	-1,409,000	2,312,000
Changes in plan assets and benefit obligations recognized in other comprehensive income, before tax effects
Actuarial loss (gain), net	56,279,000	-53,149,000
Recognized actuarial gain (loss)	-20,000	-3,652,000
Prior service credit		-2,361,000
Recognized prior service credit	457,000	457,000
Total amount recognized in other comprehensive income, before tax effects	56,716,000	-58,705,000
Amount to be amortized from accumulated other comprehensive income in net periodic benefit cost in the next fiscal year
Net loss	3,900,000
Net prior service cost	-500,000
Weighted-average assumptions used to determine the projected benefit obligations and net periodic benefit cost
Discount rate - net periodic benefit cost (as a percent)	4.97%	4.20%	5.00%
Discount rate - benefit obligation (as a percent)	4.27%	4.97%	4.20%
Expected long-term rate of return on plan assets (as a percent)	8.00%	8.00%	7.70%
Rate of compensation/salary increase for net periodic benefit cost (as a percent)	1.75%	1.75%	1.50%
Increase in the plan benefit obligation	28,800,000
Increase in the plan benefit obligation due to adoption of mortality tables	16,700,000
Supplemental Plans
Defined benefit plans
Number of persons eligible to become a new participant	0
Number of non-qualified plans	2
Pension and SERP Plans
Defined benefit plans
Post-retirement Plan unfunded assets	$0

PENSION_PLANS_AND_OTHER_POSTRE2

PENSION PLANS AND OTHER POST-RETIREMENT BENEFITS (Details 2) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
	item	Dec. 31, 2013
Other Non-qualified Deferred Compensation Agreements
Minimum number of years benefits are payable	5 years
Minimum age at which payments under deferred compensation agreements may begin	55 years
Payment related to deferred compensation agreements	$0.50	$0.60
Net present value of the remaining obligations	2.4	1.8
Number of life insurance policies	28
Proceeds from Life Insurance Policies	0.2	0.3
Excess of cash surrender value of remaining life insurance policies over notes payable	2	2.2
Aggregate death benefit payment payable under the life insurance policies	$6.90	$7.30

PENSION_PLANS_AND_OTHER_POSTRE3

PENSION PLANS AND OTHER POST-RETIREMENT BENEFITS (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
	item	Dec. 31, 2013	Dec. 31, 2012
Amounts recognized in the consolidated balance sheets
Long-term liabilities	($122,367,000)	($75,754,000)
Post-retirement Benefit Obligations
Post-retirement benefit obligation
Post-retirement Plan unfunded assets	0
Number of Persons Eligible to become Participant	0
Change in benefit obligation
Benefit obligation at the beginning of the year	35,093,000	43,906,000
Service costs	479,000	925,000	811,000
Interest costs	1,565,000	1,575,000	1,756,000
Plan participant contributions	694,000	757,000
Actuarial loss (gain)	831,000	-9,552,000
Benefits paid	-3,434,000	-3,966,000
Amendments		1,448,000
Acquisition	6,911,000
Benefit obligation at the end of the year	42,139,000	35,093,000	43,906,000
Change in plan assets
Fair value of plan assets at the beginning of the year	3,575,000	3,410,000
Employer contributions	2,740,000	2,772,000
Plan participant contributions	694,000	757,000
Actual return on plan assets	-246,000	602,000
Benefits paid	-3,434,000	-3,966,000
Fair value of plan assets at the end of the year	3,329,000	3,575,000	3,410,000
Funded status at year end	-38,810,000	-31,518,000
Amounts recognized in the consolidated balance sheets
Current liabilities	-2,734,000	-2,429,000
Long-term liabilities	-36,076,000	-29,089,000
Amounts recognized in accumulated other comprehensive income
Unamortized prior service credit	221,000	183,000
Unamortized net actuarial loss (gain)	-6,005,000	-7,868,000
Total	-5,784,000	-7,685,000
Components of net periodic pension costs
Service costs	479,000	925,000	811,000
Interest costs	1,565,000	1,575,000	1,756,000
Expected return on plan assets	-223,000	-233,000	-105,000
Net amortization (gain) loss	-563,000
Prior service cost (credit) amortization	-37,000	-180,000	-189,000
Net periodic pension benefit	1,221,000	2,087,000	2,273,000
Changes in plan assets and benefit obligations recognized in other comprehensive income, before tax effects
Actuarial loss (gain), net	1,301,000	-9,922,000
Recognized actuarial gain (loss)	563,000
Prior service credit		1,448,000
Recognized prior service credit	37,000	180,000
Total amount recognized in other comprehensive income, before tax effects	1,901,000	-8,294,000
Estimated net prior service credit that will be amortized from accumulated other comprehensive loss in net periodic postretirement cost	-300,000
Weighted-average assumptions used to determine the projected benefit obligations and net periodic benefit cost
Discount rate - net periodic benefit cost (as a percent)	4.55%	4.00%	5.00%
Discount rate - benefit obligation (as a percent)	4.11%	4.40%	3.90%
Change in the assumed healthcare cost trend rate
Health care trend rate assumed for the next fiscal year (as a percent)	7.50%
Ultimate health care cost trend rate (as a percent)	5.00%
Effect of one percent change in the assumed healthcare cost trend rate
Effect of one percent increase on total of service and interest cost	150,000
Effect of one percent decrease on total of service and interest cost	-132,000
Effect of one percent increase on postretirement benefit obligation	2,414,000
Effect of one percent decrease on postretirement benefit obligation	($2,136,000)

PENSION_PLANS_AND_OTHER_POSTRE4

PENSION PLANS AND OTHER POST-RETIREMENT BENEFITS (Details 4) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Minimum
Post-retirement benefit obligation
Long-term investment horizon	5 years
Maximum
Post-retirement benefit obligation
Long-term investment horizon	15 years
Maximum \| Equity mutual fund
Post-retirement benefit obligation
Target allocation (as a percent)	60.00%
Defined Benefit Plans
Post-retirement benefit obligation
Fair value of assets	$300,411,000
Fair value of assets	297,118,000	292,188,000	262,778,000
Other liabilities	3,293,000
Expected contribution in the next fiscal year	12,400,000
Benefit payments expected to be paid
2015	23,180,000
2016	23,464,000
2017	23,484,000
2018	23,421,000
2019	23,482,000
2020-2024	116,982,000
Defined Benefit Plans \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	158,401,000	185,959,000
Defined Benefit Plans \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	142,010,000	106,229,000
Defined Benefit Plans \| Short-term investments
Post-retirement benefit obligation
Fair value of assets	7,634,000	4,708,000
Defined Benefit Plans \| Short-term investments \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	1,370,000	2,835,000
Defined Benefit Plans \| Short-term investments \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	6,264,000	1,873,000
Defined Benefit Plans \| U.S. common stocks
Post-retirement benefit obligation
Fair value of assets	29,338,000	38,463,000
Defined Benefit Plans \| U.S. common stocks \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	29,338,000	38,463,000
Defined Benefit Plans \| International stocks
Post-retirement benefit obligation
Fair value of assets	9,459,000	10,198,000
Defined Benefit Plans \| International stocks \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	9,459,000	10,198,000
Defined Benefit Plans \| U.S. small cap funds
Post-retirement benefit obligation
Fair value of assets	11,224,000	15,181,000
Defined Benefit Plans \| U.S. small cap funds \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	11,224,000	15,181,000
Defined Benefit Plans \| US mid cap funds Member
Post-retirement benefit obligation
Fair value of assets	8,890,000	9,215,000
Defined Benefit Plans \| US mid cap funds Member \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	8,890,000	9,215,000
Defined Benefit Plans \| U.S. large cap funds
Post-retirement benefit obligation
Fair value of assets	26,081,000	34,535,000
Defined Benefit Plans \| U.S. large cap funds \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	10,212,000	11,101,000
Defined Benefit Plans \| U.S. large cap funds \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	15,869,000	23,434,000
Defined Benefit Plans \| Emerging markets funds
Post-retirement benefit obligation
Fair value of assets	22,662,000	20,225,000
Defined Benefit Plans \| Emerging markets funds \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	14,838,000	12,855,000
Defined Benefit Plans \| Emerging markets funds \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	7,824,000	7,370,000
Defined Benefit Plans \| International funds
Post-retirement benefit obligation
Fair value of assets	64,748,000	60,416,000
Defined Benefit Plans \| International funds \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	49,334,000	44,132,000
Defined Benefit Plans \| International funds \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	15,414,000	16,284,000
Defined Benefit Plans \| Equity mutual fund
Post-retirement benefit obligation
Fair value of assets	26,964,000	46,097,000
Defined Benefit Plans \| Equity mutual fund \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	26,964,000	46,097,000
Defined Benefit Plans \| U.S. treasury and government agency securities
Post-retirement benefit obligation
Fair value of assets	16,707,000	19,012,000
Defined Benefit Plans \| U.S. treasury and government agency securities \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	7,996,000	11,063,000
Defined Benefit Plans \| U.S. treasury and government agency securities \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	8,711,000	7,949,000
Defined Benefit Plans \| Corporate and municipal bonds
Post-retirement benefit obligation
Fair value of assets	6,950,000	8,624,000
Defined Benefit Plans \| Corporate and municipal bonds \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	6,950,000	8,624,000
Defined Benefit Plans \| Mortgage/asset-backed securities
Post-retirement benefit obligation
Fair value of assets	7,247,000	8,116,000
Defined Benefit Plans \| Mortgage/asset-backed securities \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	7,247,000	8,116,000
Defined Benefit Plans \| Common collective trust
Post-retirement benefit obligation
Fair value of assets	62,507,000	17,398,000
Defined Benefit Plans \| Common collective trust \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	62,507,000	17,398,000
Post-retirement Benefit Obligations
Post-retirement benefit obligation
Fair value of assets	3,808,000	4,010,000
Fair value of assets	3,329,000	3,575,000	3,410,000
Benefit payments payable	-438,000	-434,000
Other Liabilities	41,000
Expected contribution in the next fiscal year	3,800,000
Benefit payments expected to be paid
2015	3,771,000
2016	3,906,000
2017	3,248,000
2018	3,119,000
2019	3,136,000
2020-2024	14,189,000
Post-retirement Benefit Obligations \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	2,008,000	1,432,000
Post-retirement Benefit Obligations \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	1,800,000	2,578,000
Post-retirement Benefit Obligations \| Short-term investments
Post-retirement benefit obligation
Fair value of assets	97,000	89,000
Post-retirement Benefit Obligations \| Short-term investments \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	17,000	89,000
Post-retirement Benefit Obligations \| Short-term investments \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	80,000
Post-retirement Benefit Obligations \| U.S. common stocks
Post-retirement benefit obligation
Fair value of assets	372,000	592,000
Post-retirement Benefit Obligations \| U.S. common stocks \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	372,000	592,000
Post-retirement Benefit Obligations \| International stocks
Post-retirement benefit obligation
Fair value of assets	120,000
Post-retirement Benefit Obligations \| International stocks \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	120,000
Post-retirement Benefit Obligations \| U.S. small cap funds
Post-retirement benefit obligation
Fair value of assets	142,000	215,000
Post-retirement Benefit Obligations \| U.S. small cap funds \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	142,000	215,000
Post-retirement Benefit Obligations \| US mid cap funds Member
Post-retirement benefit obligation
Fair value of assets	113,000
Post-retirement Benefit Obligations \| US mid cap funds Member \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	113,000
Post-retirement Benefit Obligations \| U.S. large cap funds
Post-retirement benefit obligation
Fair value of assets	330,000	638,000
Post-retirement Benefit Obligations \| U.S. large cap funds \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	129,000
Post-retirement Benefit Obligations \| U.S. large cap funds \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	201,000	638,000
Post-retirement Benefit Obligations \| Emerging markets funds
Post-retirement benefit obligation
Fair value of assets	287,000	263,000
Post-retirement Benefit Obligations \| Emerging markets funds \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	188,000
Post-retirement Benefit Obligations \| Emerging markets funds \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	99,000	263,000
Post-retirement Benefit Obligations \| International funds
Post-retirement benefit obligation
Fair value of assets	821,000	938,000
Post-retirement Benefit Obligations \| International funds \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	625,000	357,000
Post-retirement Benefit Obligations \| International funds \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	196,000	581,000
Post-retirement Benefit Obligations \| U.S. treasury and government agency securities
Post-retirement benefit obligation
Fair value of assets	212,000	678,000
Post-retirement Benefit Obligations \| U.S. treasury and government agency securities \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	102,000	394,000
Post-retirement Benefit Obligations \| U.S. treasury and government agency securities \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	110,000	284,000
Post-retirement Benefit Obligations \| Corporate and municipal bonds
Post-retirement benefit obligation
Fair value of assets	88,000	308,000
Post-retirement Benefit Obligations \| Corporate and municipal bonds \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	88,000	308,000
Post-retirement Benefit Obligations \| Mortgage/asset-backed securities
Post-retirement benefit obligation
Fair value of assets	92,000	289,000
Post-retirement Benefit Obligations \| Mortgage/asset-backed securities \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	92,000	289,000
Post-retirement Benefit Obligations \| Common collective trust
Post-retirement benefit obligation
Fair value of assets	792,000
Post-retirement Benefit Obligations \| Common collective trust \| Significant Other Observable Inputs (Level 2)
Post-retirement benefit obligation
Fair value of assets	792,000
Post-retirement Benefit Obligations \| Fixed Income mutual funds
Post-retirement benefit obligation
Fair value of assets	342,000
Post-retirement Benefit Obligations \| Fixed Income mutual funds \| Quoted Prices In Active Markets for Identical Assets (Level 1)
Post-retirement benefit obligation
Fair value of assets	$342,000

PENSION_PLANS_AND_OTHER_POSTRE5

PENSION PLANS AND OTHER POST-RETIREMENT BENEFITS (Details 5) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
PENSION PLAN AND OTHER POST-RETIREMENT BENEFITS
Expense with respect to 401(k) plans	$5.30	$5.20	$3.90

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	12 Months Ended
INCOME TAXES (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Current:
Federal	$1,769,000	$1,381,000	$340,000
State	1,014,000	86,000	1,078,000
Total current expense (benefit)	2,783,000	1,467,000	1,418,000
Deferred:
Federal	8,136,000	15,929,000	1,998,000
State	2,108,000	116,000	-2,755,000
Total deferred expense (benefit)	10,244,000	16,045,000	-757,000
Total income tax expense	13,027,000	17,512,000	661,000
Reconciliation of the provision for income taxes computed at federal statutory rates to the effective rates
Statutory federal income tax rate (as a percent)	35.00%	35.00%	35.00%
State income taxes, net of federal benefit (as a percent)	1.20%	1.70%	-12.80%
Transaction costs (as a percent)	2.60%		14.90%
Other permanent differences (as a percent)	-0.40%		1.10%
Change in uncertain tax positions (as a percent)		-1.70%
Valuation Allowance (as a percent)	-0.70%
Change in deferred tax rate (as a percent)	7.40%		-19.70%
Provision to return		1.30%	-4.20%
Other (as a percent)	-0.10%	0.60%	-0.40%
Total (as a percent)	45.80%	36.90%	11.70%
Current deferred tax assets:
Reserve for uncollectible accounts	1,062,000	615,000
Accrued vacation pay deducted when paid	2,381,000	2,196,000
Accrued expenses and deferred revenue	9,931,000	5,149,000
Total	13,374,000	7,960,000
Non-current deferred tax assets:
Net operating loss carryforwards	12,431,000	18,809,000
Pension and postretirement obligations	46,831,000	28,072,000
Stock-based compensation	998,000	495,000
Derivative instruments	276,000	1,004,000
Financing costs	2,151,000	1,503,000
Tax credit carryforwards	4,193,000	3,143,000
Other	28,000
Total	66,908,000	53,026,000
Valuation allowance	-1,736,000	-535,000
Net non-current deferred tax assets	65,172,000	52,491,000
Non-current deferred tax liabilities:
Goodwill and other intangibles	-42,246,000	-28,515,000
Basis in investment	-282,000	-38,000
Partnership investments	-25,813,000	-25,523,000
Property, plant and equipment	-240,407,000	-178,274,000
Total	-308,748,000	-232,350,000
Net non-current deferred taxes	-243,576,000	-179,859,000
Net deferred income tax liabilities	-230,202,000	-171,899,000
State
Income taxes
Unrecognized tax benefits recognized due to expiration of state statute of limitations		1,224,000
Income Tax Expense (Benefits) Increase (Decrease)	200,000
Reconciliation of the provision for income taxes computed at federal statutory rates to the effective rates
Decrease in unrecognized tax benefits	200,000
Non-current deferred tax assets:
Net operating loss carryforwards	4,400,000
Non-current deferred tax liabilities:
Decrease in tax expense due to expiration of state statute of limitations	($200,000)

INCOME_TAXES_Details_2

INCOME TAXES (Details 2) (USD $)	12 Months Ended
INCOME TAXES (Details 2) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income taxes
Deferred tax assets related to net operating loss carryforwards	$12,431,000	$18,809,000
Deferred tax assets related to State tax credit carryforwards	4,193,000	3,143,000
Unrecognized tax benefits	240,000		1,224,000
Reconciliation of the unrecognized tax benefits
Balance at the beginning of the period			1,224,000
Additions for tax positions of acquisition	240,000
Balance at the end of the period	240,000		1,224,000
State
Income taxes
Net operating loss carryforwards	105,200,000
Deferred tax assets related to net operating loss carryforwards	4,400,000
Utilization of net operating loss carryforwards subject to Separate Return Limitation Year	26,900,000
Deferred tax assets related to utilization of net operating loss carryforwards subject to Separate Return Limitation Year	1,400,000
Utilization of tax credit carryforwards subject to Separate Return Limitation Year	500,000
Deferred tax assets related to utilization of tax credit carryforwards subject to Separate Return Limitation Year	300,000
Tax credit carryforwards	4,500,000
Deferred tax assets related to State tax credit carryforwards	2,900,000
Reconciliation of the unrecognized tax benefits
Reduction for lapse of statute of limitations		-1,224,000
Federal
Income taxes
Net operating loss carryforwards	21,000,000
Deferred tax assets related to net operating loss carryforwards	7,400,000
Utilization of net operating loss carryforwards subject to Separate Return Limitation Year	1,500,000
Deferred tax assets related to utilization of net operating loss carryforwards subject to Separate Return Limitation Year	500,000
Tax credit carryforwards	1,300,000
Deferred tax assets related to State tax credit carryforwards	1,300,000
Federal \| ETFL
Income taxes
Net operating loss carryforwards	2,100,000
Deferred tax assets related to net operating loss carryforwards	$700,000

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Commitments and Contingencies
2015	$26,687,000
2016	20,499,000
2017	15,019,000
2018	4,402,000
2019	3,872,000
Thereafter	7,304,000
Total	77,783,000
Operating Leases
Rent expense	2,600,000	2,300,000	2,900,000
Capital Leases
Present value of the minimum remaining lease commitments	4,500,000
Capital lease commitments due and payable within the next 12 months	700,000
Imputed interest	2,100,000
Carrying amount of capital lease obligations, net of imputed interest	4,500,000
Operating lease agreements
Commitments and Contingencies
2015	4,796,000
2016	3,019,000
2017	2,620,000
2018	1,855,000
2019	1,554,000
Thereafter	5,068,000
Total	18,912,000
Capital leases
Commitments and Contingencies
2015	1,302,000
2016	1,077,000
2017	971,000
2018	961,000
2019	984,000
Thereafter	1,378,000
Total	6,673,000
Capital expenditures
Commitments and Contingencies
2015	3,023,000
Total	3,023,000
Service and support agreements
Commitments and Contingencies
2015	8,526,000
2016	7,403,000
2017	2,428,000
2018	1,586,000
2019	1,334,000
Thereafter	858,000
Total	22,135,000
Transport and data connectivity
Commitments and Contingencies
2015	9,040,000
2016	9,000,000
2017	9,000,000
Total	$27,040,000

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details 2) (USD $)	12 Months Ended	1 Months Ended	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Apr. 30, 2008	Sep. 30, 2013	Dec. 31, 2009	Dec. 31, 2011
	Dec. 31, 2014	Apr. 30, 2008	Sep. 30, 2013	item	Dec. 31, 2011
Sprint, Level 3 and Verizon
Litigation and Contingencies
Disputed amount	$1.20
Salsgiver Inc.
Litigation and Contingencies
Original amount of sustained losses claimed by plaintiff		125
Amount agreed to be paid in cash as per agreement	0.9
Credits granted as per agreement	0.3
Term of credits utilization for make ready work performed	5 years
Settlement amount accrued					0.4
Additional accrual per agreement			0.9
Assessment by Commonwealth of Pennsylvania Department of Revenue
Litigation and Contingencies
Number of subsidiaries that received assessment notice				2
Assessment by Commonwealth of Pennsylvania Department of Revenue \| Consolidated Communications Enterprise Services Inc. (CCES)
Litigation and Contingencies
Total additional tax liability calculated by the auditors for calendar years 2008 - 2013	4.6
Assessment by Commonwealth of Pennsylvania Department of Revenue \| Consolidated Communications of Pennsylvania Company LLC (CCPA)
Litigation and Contingencies
Total additional tax liability calculated by the auditors for calendar years 2008 - 2013	$6.70

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2014	31-May-12
Related party transactions
Capital leases, carrying value	$4.50
LATEL
Related party transactions
Number of capital leases	3
Number of buildings leased under capital leases	3
Number of options to extend term of capital lease	2
Extended period of capital leases	5 years
Rental payments to be made over the terms of capital leases	7.9
Capital leases, carrying value	3.4	3.6
Interest expense related to capital leases	0.5	0.5	0.5
Amortization expense related to capitalized leases	0.4	0.4
Agracel \| LATEL
Related party transactions
Ownership percentage	50.00%
Richard A. Lumpkin \| LATEL
Related party transactions
Percentage of beneficial ownership	72.40%	70.70%
Richard A. Lumpkin \| Agracel
Related party transactions
Percentage of beneficial ownership	44.70%	41.30%
Related parties
Related party transactions
Notes payable from related parties				5	10.8
Interest paid to related parties	$1.30	$1.20	$0.60

QUARTERLY_FINANCIAL_INFORMATIO2

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details) (USD $)	1 Months Ended	3 Months Ended								12 Months Ended
	Sep. 30, 2013	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Sep. 13, 2013	Oct. 16, 2014
Quarterly Financial Information (Unaudited)
Net revenues		$186,014,000	$149,040,000	$151,036,000	$149,648,000	$147,956,000	$150,773,000	$151,320,000	$151,528,000	$635,738,000	$601,577,000	$477,877,000
Operating Income (Loss)		15,573,000	24,249,000	25,425,000	25,942,000	22,217,000	26,167,000	26,947,000	28,330,000	91,189,000	103,661,000	51,417,000
Income from continuing operations						3,216,000	10,330,000	9,560,000	6,858,000	15,388,000	29,964,000	4,965,000
Discontinued operations, net of tax							1,425,000	-272,000	24,000		1,177,000	1,206,000
Net income (loss) attributable to common stockholders		-10,706,000	7,642,000	9,807,000	8,324,000	3,140,000	11,694,000	9,194,000	6,783,000	15,067,000	30,811,000	5,640,000
Basic and diluted earnings per common share:
Income from continuing operations (in dollars per share)						$0.08	$0.26	$0.23	$0.17	$0.35	$0.73	$0.12
Discontinued operations, net of tax (in dollars per share)							$0.03	($0.01)			$0.03	$0.03
Basic and diluted earnings per share (in dollars per share)		($0.22)	$0.19	$0.24	$0.20	$0.08	$0.29	$0.22	$0.17	$0.35	$0.76	$0.15
Business acquisition
Transaction costs										11,817,000	776,000	20,800,000
Loss on extinguishment of debt										-13,785,000	-7,657,000	-4,455,000
DISCONTINUED OPERATIONS
Total purchase price for the sale of the assets and contractual rights related to prison services	2,500,000						2,500,000						2,500,000
Gain on sale of discontinued operations, net of tax	1,300,000										1,333,000
Enventis
Business acquisition
Transaction costs		9,800,000	700,000	900,000						11,500,000
DISCONTINUED OPERATIONS
Percentage of outstanding shares acquired														100.00%
Senior Notes 10.875 Percent Due 2020
Business acquisition
Loss on extinguishment of debt		$13,800,000								$13,800,000

CONDENSED_CONSOLIDATING_FINANC2

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$6,679	$5,551	$17,854	$105,704
Accounts receivable, net	77,536	52,033
Income taxes receivable	18,940	9,796
Deferred income taxes	13,374	7,960
Prepaid expenses and other current assets	17,616	12,380
Total current assets	134,145	87,720
Property, plant and equipment, net	1,135,333	885,362
Intangibles and other assets:
Investments	115,376	113,099
Goodwill	765,806	603,446
Other intangible assets	50,292	40,084
Deferred debt issuance costs, net and other assets	19,313	17,667
Total assets	2,220,265	1,747,378
Current liabilities:
Accounts payable	15,277	4,885
Advance billings and customer deposits	31,933	25,934
Dividends payable	19,510	15,520
Accrued compensation	32,581	22,252
Accrued interest	6,784	3,524
Accrued expense	39,698	35,173
Current portion of long term debt and capital lease obligations	9,849	9,751
Current portion of derivative liability	443	660
Total current liabilities	156,075	117,699
Long-term debt and capital lease obligations	1,356,753	1,212,134
Deferred income taxes	243,576	179,859
Pension and postretirement benefit obligations	122,367	75,754
Other long-term liabilities	14,581	9,593
Total liabilities	1,893,352	1,595,039
Shareholders' equity:
Common Stock	504	401
Other shareholders' equity	321,583	147,433
Total Consolidated Communications Holdings, Inc. shareholders' equity	322,087	147,834
Noncontrolling interest	4,826	4,505
Total shareholders' equity	326,913	152,339	136,105	47,812
Total liabilities and shareholders' equity	2,220,265	1,747,378
Eliminations
Intangibles and other assets:
Investments in subsidiaries	-3,642,751	-1,448,828
Total assets	-3,642,751	-1,448,828
Shareholders' equity:
Common Stock	-47,411	-47,411
Other shareholders' equity	-3,595,340	-1,401,417
Total Consolidated Communications Holdings, Inc. shareholders' equity	-3,642,751	-1,448,828
Total shareholders' equity	-3,642,751	-1,448,828
Total liabilities and shareholders' equity	-3,642,751	-1,448,828
Parent \| Reportable legal entity
Current assets:
Income taxes receivable	12,665	9,346
Deferred income taxes	-71	-61
Total current assets	12,594	9,285
Intangibles and other assets:
Investments in subsidiaries	2,119,335	1,101,039
Total assets	2,131,929	1,110,324
Current liabilities:
Dividends payable	19,510	15,520
Accrued expense	36	224
Total current liabilities	19,546	15,744
Advances due to/from affiliates, net	1,805,129	968,319
Deferred income taxes	-14,833	-21,598
Other long-term liabilities		25
Total liabilities	1,809,842	962,490
Shareholders' equity:
Common Stock	504	401
Other shareholders' equity	321,583	147,433
Total Consolidated Communications Holdings, Inc. shareholders' equity	322,087	147,834
Total shareholders' equity	322,087	147,834
Total liabilities and shareholders' equity	2,131,929	1,110,324
Subsidiary Issuer
Current assets:
Cash and cash equivalents	4,940	86	6,577	103,369
Subsidiary Issuer \| Reportable legal entity
Current assets:
Cash and cash equivalents	4,940	86
Accounts receivable, net		502
Deferred income taxes	158	-7
Total current assets	5,098	581
Intangibles and other assets:
Investments	3,724	3,729
Investments in subsidiaries	1,510,416	335,659
Deferred debt issuance costs, net and other assets	15,421	13,620
Total assets	1,534,659	353,589
Current liabilities:
Accrued interest	6,775	3,514
Accrued expense		875
Current portion of long term debt and capital lease obligations	9,100	9,100
Current portion of derivative liability	443	660
Total current liabilities	16,318	14,149
Long-term debt and capital lease obligations	1,352,949	1,207,663
Advances due to/from affiliates, net	-1,953,695	-1,970,192
Deferred income taxes	-938	-1,029
Other long-term liabilities	690	1,960
Total liabilities	-584,676	-747,449
Shareholders' equity:
Other shareholders' equity	2,119,335	1,101,038
Total Consolidated Communications Holdings, Inc. shareholders' equity	2,119,335	1,101,038
Total shareholders' equity	2,119,335	1,101,038
Total liabilities and shareholders' equity	1,534,659	353,589
Guarantors
Condensed Consolidating Balance Sheet
Ownership interest (as a percent)	100.00%
Current assets:
Cash and cash equivalents	820	2,366	8,530	80
Guarantors \| Reportable legal entity
Current assets:
Cash and cash equivalents	820	2,366
Accounts receivable, net	70,543	44,521
Income taxes receivable	6,232	370
Deferred income taxes	12,807	7,533
Prepaid expenses and other current assets	17,285	11,862
Total current assets	107,687	66,652
Property, plant and equipment, net	1,086,051	834,199
Intangibles and other assets:
Investments	111,652	109,370
Investments in subsidiaries	13,000	12,130
Goodwill	699,625	537,265
Other intangible assets	41,205	30,997
Deferred debt issuance costs, net and other assets	3,892	4,047
Total assets	2,063,112	1,594,660
Current liabilities:
Accounts payable	15,277	4,885
Advance billings and customer deposits	30,250	23,699
Accrued compensation	30,737	20,447
Accrued interest	6	6
Accrued expense	38,211	32,703
Current portion of long term debt and capital lease obligations	671	586
Total current liabilities	115,152	82,326
Long-term debt and capital lease obligations	3,070	3,659
Advances due to/from affiliates, net	206,616	1,037,969
Deferred income taxes	240,338	184,209
Pension and postretirement benefit obligations	100,225	61,053
Other long-term liabilities	13,339	7,328
Total liabilities	678,740	1,376,544
Shareholders' equity:
Common Stock	17,411	17,411
Other shareholders' equity	1,362,135	196,200
Total Consolidated Communications Holdings, Inc. shareholders' equity	1,379,546	213,611
Noncontrolling interest	4,826	4,505
Total shareholders' equity	1,384,372	218,116
Total liabilities and shareholders' equity	2,063,112	1,594,660
Non-Guarantors
Current assets:
Cash and cash equivalents	919	3,099	2,747	2,255
Non-Guarantors \| Reportable legal entity
Current assets:
Cash and cash equivalents	919	3,099
Accounts receivable, net	6,993	7,010
Income taxes receivable	43	80
Deferred income taxes	480	495
Prepaid expenses and other current assets	331	518
Total current assets	8,766	11,202
Property, plant and equipment, net	49,282	51,163
Intangibles and other assets:
Goodwill	66,181	66,181
Other intangible assets	9,087	9,087
Total assets	133,316	137,633
Current liabilities:
Advance billings and customer deposits	1,683	2,235
Accrued compensation	1,844	1,805
Accrued interest	3	4
Accrued expense	1,451	1,371
Current portion of long term debt and capital lease obligations	78	65
Total current liabilities	5,059	5,480
Long-term debt and capital lease obligations	734	812
Advances due to/from affiliates, net	-58,050	-36,096
Deferred income taxes	19,009	18,277
Pension and postretirement benefit obligations	22,142	14,701
Other long-term liabilities	552	280
Total liabilities	-10,554	3,454
Shareholders' equity:
Common Stock	30,000	30,000
Other shareholders' equity	113,870	104,179
Total Consolidated Communications Holdings, Inc. shareholders' equity	143,870	134,179
Total shareholders' equity	143,870	134,179
Total liabilities and shareholders' equity	$133,316	$137,633

CONDENSED_CONSOLIDATING_FINANC3

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details 2) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Net revenues	$186,014	$149,040	$151,036	$149,648	$147,956	$150,773	$151,320	$151,528	$635,738	$601,577	$477,877
Operating expenses:
Cost of services and products (exclusive of depreciation and amortization)									242,661	222,452	175,929
Selling, general and administrative expenses									140,636	135,414	108,163
Financing and other transaction costs									11,817	776	20,800
Intangible assets impairment											1,236
Depreciation and amortization									149,435	139,274	120,332
Income from operations	15,573	24,249	25,425	25,942	22,217	26,167	26,947	28,330	91,189	103,661	51,417
Other income (expense):
Interest expense, net of interest income									-82,537	-85,767	-72,604
Gains (Losses) on Extinguishment of Debt									-13,785	-7,657	-4,455
Investment income									34,516	37,695	30,667
Other, net									-968	-456	601
Income from continuing operations before income taxes									28,415	47,476	5,626
Income tax expense (benefit)									13,027	17,512	661
Income from continuing operations					3,216	10,330	9,560	6,858	15,388	29,964	4,965
Discontinued operations, net of tax						1,425	-272	24		1,177	1,206
Net income									15,388	31,141	6,171
Less: net income attributable to noncontrolling interest									321	330	531
Net income attributable to common shareholders	-10,706	7,642	9,807	8,324	3,140	11,694	9,194	6,783	15,067	30,811	5,640
Total comprehensive income attributable to common shareholders									-19,489	75,595	-2,311
Eliminations
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Net revenues									-13,783	-14,126	-14,185
Operating expenses:
Cost of services and products (exclusive of depreciation and amortization)									-13,084	-12,947	-14,185
Selling, general and administrative expenses									-699	-1,179
Other income (expense):
Equity in earnings of subsidiaries, net									-172,484	-173,430	-98,649
Income from continuing operations before income taxes									-172,484	-173,430	-98,649
Income from continuing operations										-173,430	-98,649
Net income									-172,484	-173,430	-98,649
Net income attributable to common shareholders									-172,484	-173,430	-98,649
Total comprehensive income attributable to common shareholders									-102,184	-173,430	-98,649
Parent \| Reportable legal entity
Operating expenses:
Selling, general and administrative expenses									3,975	3,608	2,530
Financing and other transaction costs									10,808	457	11,269
Income from operations									-14,783	-4,065	-13,799
Other income (expense):
Interest expense, net of interest income									36	100	-20
Intercompany interest income (expense)									-108,366	-103,588	-50,126
Equity in earnings of subsidiaries, net									94,458	98,055	48,942
Other, net									53	-18
Income from continuing operations before income taxes									-28,602	-9,516	-15,003
Income tax expense (benefit)									-43,669	-40,327	-20,643
Income from continuing operations										30,811	5,640
Net income									15,067	30,811	5,640
Net income attributable to common shareholders									15,067	30,811	5,640
Total comprehensive income attributable to common shareholders									-19,489	30,811	5,640
Subsidiary Issuer \| Reportable legal entity
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Net revenues									-7	-60	-15
Operating expenses:
Selling, general and administrative expenses									126	167	385
Financing and other transaction costs									581		9,531
Income from operations									-714	-227	-9,931
Other income (expense):
Interest expense, net of interest income									-82,617	-86,090	-71,704
Intercompany interest income (expense)									125,932	126,918	87,717
Gains (Losses) on Extinguishment of Debt									-13,785	-7,657	-4,455
Investment income									-5	89	246
Equity in earnings of subsidiaries, net									77,156	74,479	48,272
Other, net									-553		1
Income from continuing operations before income taxes									105,414	107,512	50,146
Income tax expense (benefit)									10,956	9,457	1,204
Income from continuing operations										98,055	48,942
Net income									94,458	98,055	48,942
Net income attributable to common shareholders									94,458	98,055	48,942
Total comprehensive income attributable to common shareholders									59,902	101,616	53,920
Guarantors \| Reportable legal entity
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Net revenues									585,148	547,635	423,303
Operating expenses:
Cost of services and products (exclusive of depreciation and amortization)									242,354	220,764	175,759
Selling, general and administrative expenses									119,649	113,942	88,664
Financing and other transaction costs									428	319
Intangible assets impairment											1,236
Depreciation and amortization									141,673	130,455	107,064
Income from operations									81,044	82,155	50,580
Other income (expense):
Interest expense, net of interest income									55	181	-816
Intercompany interest income (expense)									-19,677	-24,662	-37,509
Investment income									34,521	37,606	30,421
Equity in earnings of subsidiaries, net									870	896	1,435
Other, net									-236	-448	617
Income from continuing operations before income taxes									96,577	95,728	44,728
Income tax expense (benefit)									35,022	38,038	11,239
Income from continuing operations										57,690	33,489
Discontinued operations, net of tax										1,177	1,206
Net income									61,555	58,867	34,695
Less: net income attributable to noncontrolling interest									321	330	531
Net income attributable to common shareholders									61,234	58,537	34,164
Total comprehensive income attributable to common shareholders									39,502	91,395	24,816
Non-Guarantors \| Reportable legal entity
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Net revenues									64,380	68,128	68,774
Operating expenses:
Cost of services and products (exclusive of depreciation and amortization)									13,391	14,635	14,355
Selling, general and administrative expenses									17,585	18,876	16,584
Depreciation and amortization									7,762	8,819	13,268
Income from operations									25,642	25,798	24,567
Other income (expense):
Interest expense, net of interest income									-11	42	-64
Intercompany interest income (expense)									2,111	1,332	-82
Other, net									-232	10	-17
Income from continuing operations before income taxes									27,510	27,182	24,404
Income tax expense (benefit)									10,718	10,344	8,861
Income from continuing operations										16,838	15,543
Net income									16,792	16,838	15,543
Net income attributable to common shareholders									16,792	16,838	15,543
Total comprehensive income attributable to common shareholders									$2,780	$25,203	$11,962

CONDENSED_CONSOLIDATING_FINANC4

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details 3) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Net cash (used in) provided by continuing operations	$187,785	$168,530	$119,732
Net cash used in discontinued operations		-4,174	3,483
Net cash provided by operating activities	187,785	164,356	123,215
Cash flows from investing activities:
Business acquisition, net of cash acquired	-139,558		-385,346
Purchases of property, plant and equipment	-108,998	-107,363	-76,998
Purchase of investments	-100	-403	-6,728
Proceeds from sale of assets	1,795	330	924
Other			-314
Net cash used in continuing operations	-246,861	-107,436	-468,462
Net cash provided by discontinued operations		2,331	-97
Net cash used in investing activities	-246,861	-105,105	-468,559
Cash flows from financing activities:
Proceeds on bond offering	200,000		298,035
Proceeds from issuance of long-term debt	80,000	989,450	544,850
Payment of capital lease obligation	-703	-516	-228
Payment on long-term debt	-63,100	-990,961	-510,038
Partial redemption of senior notes	-84,127
Payment of financing costs	-7,438	-6,576	-18,616
Distributions to non-controlling interests			-1,850
Dividends on common stock	-62,341	-62,064	-54,100
Proceeds from (Payments for) Other Financing Activities	-231
Repurchase and retirement of common stock	-1,856	-887	-559
Net cash provided by (used in) financing activities	60,204	-71,554	257,494
Increase (decrease) in cash and cash equivalents	1,128	-12,303	-87,850
Cash and cash equivalents at beginning of period	5,551	17,854	105,704
Cash and cash equivalents at end of period	6,679	5,551	17,854
Parent
Cash flows from operating activities:
Net cash (used in) provided by continuing operations		-88,251	-52,318
Net cash provided by operating activities	-71,646	-88,251	-52,318
Cash flows from investing activities:
Business acquisition, net of cash acquired	-139,558		-385,346
Other			-314
Net cash used in continuing operations			-385,660
Net cash used in investing activities	-139,558		-385,660
Cash flows from financing activities:
Dividends on common stock	-62,341	-62,064	-54,100
Proceeds from (Payments for) Other Financing Activities	-231
Repurchase and retirement of common stock	-1,856	-887	-559
Transactions with affiliates, net	275,632	151,202	492,637
Net cash provided by (used in) financing activities	211,204	88,251	437,978
Subsidiary Issuer
Cash flows from operating activities:
Net cash (used in) provided by continuing operations		36,811	13,106
Net cash provided by operating activities	37,972	36,811	13,106
Cash flows from financing activities:
Proceeds on bond offering	200,000		298,035
Proceeds from issuance of long-term debt	80,000	989,450	544,850
Payment on long-term debt	-63,100	-990,961	-510,038
Partial redemption of senior notes	-84,127
Payment of financing costs	-7,438	-6,576	-18,616
Transactions with affiliates, net	-158,453	-35,215	-424,129
Net cash provided by (used in) financing activities	-33,118	-43,302	-109,898
Increase (decrease) in cash and cash equivalents	4,854	-6,491	-96,792
Cash and cash equivalents at beginning of period	86	6,577	103,369
Cash and cash equivalents at end of period	4,940	86	6,577
Guarantors
Cash flows from operating activities:
Net cash (used in) provided by continuing operations		195,591	137,386
Net cash used in discontinued operations		-4,174	3,483
Net cash provided by operating activities	196,186	191,417	140,869
Cash flows from investing activities:
Purchases of property, plant and equipment	-103,509	-100,139	-70,948
Purchase of investments	-100	-403	-6,728
Proceeds from sale of assets	1,740	282	882
Net cash used in continuing operations		-100,260	-76,794
Net cash provided by discontinued operations		2,331	-97
Net cash used in investing activities	-101,869	-97,929	-76,891
Cash flows from financing activities:
Payment of capital lease obligation	-638	-462	-183
Distributions to non-controlling interests			3,150
Transactions with affiliates, net	-95,225	-99,190	-58,495
Net cash provided by (used in) financing activities	-95,863	-99,652	-55,528
Increase (decrease) in cash and cash equivalents	-1,546	-6,164	8,450
Cash and cash equivalents at beginning of period	2,366	8,530	80
Cash and cash equivalents at end of period	820	2,366	8,530
Non-Guarantors
Cash flows from operating activities:
Net cash (used in) provided by continuing operations		24,379	21,558
Net cash provided by operating activities	25,273	24,379	21,558
Cash flows from investing activities:
Purchases of property, plant and equipment	-5,489	-7,224	-6,050
Proceeds from sale of assets	55	48	42
Net cash used in continuing operations		-7,176	-6,008
Net cash used in investing activities	-5,434	-7,176	-6,008
Cash flows from financing activities:
Payment of capital lease obligation	-65	-54	-45
Distributions to non-controlling interests			-5,000
Transactions with affiliates, net	-21,954	-16,797	-10,013
Net cash provided by (used in) financing activities	-22,019	-16,851	-15,058
Increase (decrease) in cash and cash equivalents	-2,180	352	492
Cash and cash equivalents at beginning of period	3,099	2,747	2,255
Cash and cash equivalents at end of period	$919	$3,099	$2,747