Cable One (CABO) 10-Q 5 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 01, 2017
Document Information [Line Items]
Entity Registrant Name	CABLE ONE, INC.
Entity Central Index Key	1,632,127
Trading Symbol	cabo
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Entity Common Stock, Shares Outstanding (in shares)		5,724,293
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 173,467	$ 138,040
Accounts receivable, net	31,039	37,073
Prepaid assets	14,160	10,824
Total Current Assets	218,666	185,937
Property, plant and equipment, net	616,739	619,621
Intangibles, net	497,460	497,480
Goodwill	84,928	84,928
Other assets	5,701	9,305
Total Assets	1,423,494	1,397,271
Current Liabilities:
Accounts payable and accrued liabilities	68,298	82,703
Deferred revenue	22,614	22,190
Income taxes payable	14,758
Long-term debt - current portion	6,875	6,250
Total Current Liabilities	112,545	111,143
Long-term debt	529,407	530,886
Deferred income taxes	276,770	276,297
Accrued compensation and other liabilities	23,926	24,434
Total Liabilities	942,648	942,760
Commitments and contingencies (see Note 11)
Stockholders' Equity
Preferred stock ($0.01 par value; 4,000,000 shares authorized; none issued or outstanding)
Common stock ($0.01 par value; 40,000,000 shares authorized; 5,887,899 shares issued; and 5,723,775 and 5,708,223 shares outstanding as of March 31, 2017 and December 31, 2016, respectively)	59	59
Additional paid-in capital	20,096	17,669
Retained earnings	536,412	511,776
Accumulated other comprehensive loss	(444)	(446)
Treasury stock, at cost (164,124 and 179,676 shares held as of March 31, 2017 and December 31, 2016, respectively)	(75,277)	(74,547)
Total Stockholders' Equity	480,846	454,511
Total Liabilities and Stockholders' Equity	$ 1,423,494	$ 1,397,271

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	4,000,000	4,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	5,887,899	5,887,899
Common stock, shares outstanding (in shares)	5,723,775	5,708,223
Treasury stock, shares (in shares)	164,124	179,676

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Revenues		$ 207,427	$ 202,805
Costs and expenses
Operating (excluding depreciation and amortization)		69,083	76,428
Selling, general and administrative		45,733	43,893
Depreciation and amortization		38,404	34,693
(Gain) loss on disposal of assets		(6,146)	408
Total operating costs and expenses		147,074	155,422
Income from operations		60,353	47,383
Interest expense		(7,606)	(7,555)
Other income (expense), net		287	510
Income before income taxes		53,034	40,338
Provision for income taxes		19,819	13,294
Net income		33,215	27,044
Other comprehensive gain (loss), net of tax		2	(27)
Comprehensive income		$ 33,217	$ 27,017
Net income per common share:
Basic (in dollars per share)	[1]	$ 5.86	$ 4.67
Diluted (in dollars per share)	[1]	$ 5.80	$ 4.65
Weighted average common shares outstanding:
Basic (in shares)	[1]	5,671,838	5,796,252
Diluted (in shares)	[1]	5,730,901	5,810,639
[1]	On July 1, 2015, Graham Holdings Company distributed 5,843,313 shares of Cable One, Inc. common stock to existing holders of Graham Holdings Company common stock. Basic and diluted net income per common share for the year ended December 31, 2014 are calculated using the number of shares distributed on July 1, 2015.

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - 3 months ended Mar. 31, 2017 - USD ($) $ in Thousands	Dividends Paid to Shareholders [Member]Common Stock [Member]	Dividends Paid to Shareholders [Member]Additional Paid-in Capital [Member]	Dividends Paid to Shareholders [Member]Retained Earnings [Member]	Dividends Paid to Shareholders [Member]Treasury Stock [Member]	Dividends Paid to Shareholders [Member]AOCI Attributable to Parent [Member]	Dividends Paid to Shareholders [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2016							5,708,223
Balance at Dec. 31, 2016							$ 59	$ 17,669	$ 511,776	$ (74,547)	$ (446)	$ 454,511
Net income									33,215			33,215
Changes in pension, net of tax											2	2
Equity-based compensation (in shares)
Equity-based compensation								2,427				2,427
Issuance of restricted stock awards, net of forfeitures (in shares)							16,769
Issuance of restricted stock awards, net of forfeitures
Repurchase of common stock (in shares)							(700)					(700)
Repurchase of common stock										(399)		$ (399)
Withholding tax for restricted stock awards (in shares)							(517)					(517)
Withholding tax for restricted stock awards										(331)		$ (331)
Dividends paid to stockholders			$ (8,579)			$ (8,579)
Balance (in shares) at Mar. 31, 2017							5,723,775
Balance at Mar. 31, 2017							$ 59	$ 20,096	$ 536,412	$ (75,277)	$ (444)	$ 480,846

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	$ 33,215	$ 27,044
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	38,404	34,693
Amortization of deferred financing costs	400	404
Equity-based compensation	2,427	3,046
Deferred income taxes	472	(2,670)
(Gain) loss on disposal of assets	(6,146)	408
Changes in operating assets and liabilities:
Accounts receivable, net	6,034	4,967
Prepaid assets	(3,336)	(4,948)
Accounts payable and accrued liabilities	(7,977)	2,473
Deferred revenue	424	29
Income taxes payable	14,758	11,765
Other assets and other liabilities, net	(415)	328
Net cash provided by operating activities	78,260	77,539
Cash flows from investing activities:
Capital expenditures	(35,917)	(27,395)
Change in accrued expenses related to capital expenditures	(1,143)	(19,365)
Proceeds from sales of property, plant and equipment	10,075	195
Net cash used in investing activities	(26,985)	(46,565)
Cash flows from financing activities:
Payments on long-term debt	(1,254)	(628)
Repurchase of common stock	(399)	(34,591)
Payment of withholding tax for restricted shares	(331)
Dividends paid to stockholders	(8,579)	(8,694)
Cash overdraft	(5,285)	(43)
Net cash used in financing activities	(15,848)	(43,956)
Change in cash and cash equivalents	35,427	(12,982)
Cash and cash equivalents, beginning of period	138,040	119,199
Cash and cash equivalents, end of period	173,467	106,217
Supplemental cash flow disclosures:
Cash paid for interest	743	646
Cash paid for income taxes	$ 42	$ 3,624

Note 1 - Description of Busines

Note 1 - Description of Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of Business. Cable One, Inc. (“Cable One”) owns and operates cable systems that provide data, video and voice services to residential and commercial subscribers in 19 March 31, 2017. July 1, 2015, March 31, 2017, 523,327 307,187 113,368 May 1, 2017, $735 12 Unless otherwise stated or the context otherwise indicates, all references in this Quarterly Report on Form 10 refer to Cable One, Inc. and its wholly owned subsidiary, Cable One VoIP LLC (the “Subsidiary”). Basis of Presentation. The accompanying Condensed Consolidated Financial Statements have been prepared in accordance with: (i) generally accepted accounting principles in the United States (“GAAP”) for interim financial information; and (ii) the guidance of Rule 10 01 1934, 10 December 31, 2016. may Certain reclassifications have been made to prior period amounts to conform to the current period presentation. Principles of Consolidation. The accompanying Condensed Consolidated Financial Statements include the accounts of the Company and the Subsidiary. All significant intercompany accounts and transactions have been eliminated in consolidation. Segment Reporting. Accounting Standard Codification (“ASC”) 280 Segment Reporting 280 one Use of Estimates. The preparation of the Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates, assumptions and judgments that affect the amounts reported herein. Management bases its estimates and assumptions on historical experience and on various other factors that are believed to be reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may Change in Accounting Estimate. In the first 2017, $5.9 first 2017 first 2016. Change in Accounting Estimate. As a result of new systems and processes implemented in the first 2017, $5.9 first 2017 first 2016 . Recently Adopted and Issued Accounting Pronouncements. In January 2017, 2017 04, Intangibles - Goodwill and Other (Topic 350): 2017 04 2 350 may two December 15, 2019. In January 2017, 2017 01, Business Combinations (Topic 805): 2017 01 December 15, 2017. May 1, 2017. In August 201 6, 2016 15, Statement of Cash Flows (Topic 230) : Classification of Certain Cash Receipts and Cash Payments one 2016 15 first 2018 2016 15 In March 2016, 2016 09, Compensation - Stock Compensation (Topic 718): 2016 09 first 2017. In February 2016, 2016 02, Leases (Topic 842) 2016 02 2016 02 first 2019, In May 2014, 2014 09, Revenue from Contracts with Customers (Topic 606) 2014 09 2016, first 2018. two third .

Note 2 - Revenues

Note 2 - Revenues	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Revenue Disclosure [Text Block]	2 . REVENUES The Company ’s revenues by product line were as follows (in thousands): Three Months Ended March 31 , 201 7 201 6 Residential Data $ 90,201 $ 83,439 Video 72,454 74,853 Voice 9,867 11,314 Business services 26,961 23,827 Advertising sales 5,622 7,003 Other 2,322 2,369 Total revenues $ 207,427 $ 202,805 The amount of franchise fees recorded on a gross basis and included in residential video revenues above was $ 3.5 $3.6 three March 31, 2017 2016,

Note 3 - Property, Plant and Eq

Note 3 - Property, Plant and Equipment	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	3 . PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following (in thousands): March 31 , 201 7 December 31, 2016 Cable distribution systems $ 1,069,545 $ 1,048,790 Customer premise equipment 179,893 181,852 Other equipment and fixtures 371,429 359,957 Buildings and leasehold improvements 89,021 88,592 Capitalized software 87,591 83,815 Construction in progress 60,592 64,822 Land 9,612 9,612 Total property, plant and equipment 1,867,683 1,837,440 Less accumulated depreciation (1,250,944 ) (1,217,819 ) Property, plant and equipment, net $ 616,739 $ 619,621 Depreciation and amortization expense was $ 38.4 $34.7 three March 31, 2017 2016, The Company's previous headquarters building and adjoining property were held for sale at December 31, 2016. January 2017, $10.1 $6.6 $4.6 March 31, 2017.

Note 4 - Goodwill and Intangibl

Note 4 - Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	4 . GOODWILL AND INTANGIBLE ASSETS The carrying amount of goodwill at March 31, 2017 December 31, 2016 $84.9 Intangible assets (excluding goodwill) consisted of the following (dollars in thousands): March 31 , 201 7 Useful Gross Net Life Carrying Accumulated Carrying Range (years) Amount Amortization Amount Amortized Intangible Assets Cable franchise renewals and access rights 1 - 25 $ 4,141 $ 3,817 $ 324 Indefinite-Lived Intangible Assets ( E xcluding G oodwill) Franchise agreements $ 497,136 December 31 , 201 6 Useful Gross Net Life Carrying Accumulated Carrying Range (years) Amount Amortization Amount Amortized Intangible Assets Cable franchise renewals and access rights 1 - 25 $ 4,138 $ 3,794 $ 344 Indefinite-Lived Intangible Assets ( E xcluding G oodwill) Franchise agreements $ 497,136

Note 5 - Long-term Debt

Note 5 - Long-term Debt	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Long-term Debt [Text Block]	5 . LONG-TERM DEBT Long-term debt as of March 31, 2017 December 31, 2016 March 31 , 201 7 December 31, 201 6 Senior Unsecured Notes $ 450,000 $ 450,000 Senior Credit Facilities 93,750 95,000 Capital lease obligation 280 284 Total debt 544,030 545,284 Less unamortized debt issuance costs (7,748 ) (8,148 ) Less current portion of long-term debt (6,875 ) (6,250 ) Total Long-term debt $ 529,407 $ 530,886 5.750% 2022. On June 17, 2015, $450 5.750% 2022 June 15, 2022 June 15 December 15 The Notes have not been, and will not be, registered under the Securities Act of 1933, may 144A The Notes were issued pursuant to an indenture (the “Indenture”) dated as of June 17, 2015. ’s assets. The Indenture also provides for customary events of default (subject, in certain cases, to customary grace periods). Senior Credit Facilities Due 2020. On June 30, 2015, five $200 five $100 Borrowings under the Senior Credit Facilities bear interest, at the Company ’s option, at a rate per annum determined by reference to either the London Interbank Offered Rate (“LIBOR”) or an adjusted base rate, in each case plus an applicable interest rate margin. The applicable interest rate margin with respect to LIBOR borrowings is a rate per annum between 1.50% 2.25% 0.50% 1.25%, 0.25% 0.40% March 31, 2017, 2.50% 0.25% $93.8 $197.2 March 31, 2017. The Revolving Credit Facility also gives the Company the ability to issue letters of credit, which reduce the amount available for borrowing under the Revolving Credit Facility. Letter of credit issuances under the Revolving Credit Facility of $2.8 March 31, 2017 1.625% The Senior Credit Facilities may fifth The Company may, $300 The Credit Agreement contains customary representations, warranties and affirmative and negative covenants, including limitations on indebtedness, liens, restricted payments, prepayments of certain indebtedness, investments, dispositions of assets, restrictions on subsidiary distributions and negative pledge clauses, fundamental changes, transactions with affiliates and amendments to organizational documents. The Credit Agreement also requires the Company to maintain specified ratios of total net leverage and first The Company was in compliance with all debt covenants as of March 31, 2017. As of March 31, 2017, Years Ending December 31 : Amount 201 7 $ 5,013 201 8 8,767 201 9 12,517 20 20 67,517 202 1 17 Thereafter 450,199 Total $ 544,030 On February 13, 2017, $650 May 1, 2017, 1 2

Note 6 - Fair Value Measurement

Note 6 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	6 . FAIR VALUE MEASUREMENTS The Company ’s deferred compensation liabilities were $17.6 $18.2 March 31, 2017 December 31, 2016, 2 The carrying amounts and fair values of the Company ’s long-term debt, including current portion, money market and commercial paper investments as of March 31, 2017, March 31 , 201 7 Carrying Fair Amount Value Assets: Money market investments $ 72,334 $ 72,334 Commercial paper $ 91,297 $ 91,512 Long-term debt, including current portion : Notes $ 450,000 $ 469,125 Term Loan $ 93,750 $ 93,750 Money market investments are included in Cash and cash equivalents in the Condensed Consolidated Balance Sheets. Commercial paper investments with original maturities of 90 money market investments (Level 1) 2). 2). 2).

Note 7 - Treasury Stock

Note 7 - Treasury Stock	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Treasury Stock [Text Block]	7 . TREASURY STOCK Share Repurchase Program. On July 1, 2015, $250 600,000 may March 31, 2017, 165,633 $73.1 three March 31, 2017, 700 $0.4 Restricted Stock Tax Withholding. Treasury stock is recorded at cost and is presented as a reduction of stockholders’ equity in the Condensed Consolidated Financial Statements. Shares of common stock with a fair market value equal to the applicable statutory minimum amount of the employee withholding taxes due are withheld by the Company upon the vesting of restricted stock to pay the applicable statutory minimum amount of employee withholding taxes and are considered common stock repurchases. The Company then pays the applicable statutory minimum amount of withholding taxes in cash. The amount remitted during the three March 31, 2017 $0.3 517 164,124 March 31, 2017

Note 8 - Equity-based Compensat

Note 8 - Equity-based Compensation	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	8 . EQUITY-BASED COMPENSATION On June 5, 2015, 2015 “2015 July 1, 2015. 2015 one 2015 (1) (2) (3) (4) (5) (6) (7) (8) (9) 2015 162(m) 1986, 2015 may 2015 tenth The 2015 may 2015 600,000, 400,000 may At March 31, 2017, 329,962 2015 Restricted Stock Awards. The Company has granted restricted shares of Company common stock subject to service-based and performance-based vesting conditions under the 2015 three four first December 12, 2016 2015 January 2, 2018. three 2015 The compensation arrangements for the Company ’s non-employee directors under the 2015 March 31, 2017 $150,000, $15,000 first one March 31, 2017, 2,210 Restricted shares, RSUs and DEUs are collectively referred to as “restricted stock.” A summary of restricted stock activities for the three March 31, 2017 Weighted Average Grant Date Restricted Fair Value Stock Per Share Unvested as of December 31, 2016 38,425 $ 402.13 Granted 13,978 $ 619.67 Shares granted due to performance achievement 5,006 $ 433.66 Forfeited (1,904 ) $ 432.95 Vested (284 ) $ 380.50 Unvested as of March 31, 2017 55,221 $ 459.16 Vested and unissued as of March 31, 2017 2,210 $ 415.10 Compensation expense associated with unvested restricted stock is recognized on a straight-line basis over the vesting period. The expense recognized each period is dependent upon the Company ’s estimate of the number of shares that will ultimately vest. Equity-based compensation expense for restricted stock was $1.7 three March 31, 2017. March 31, 2017, $11.0 1.4 Stock Appreciation Rights. The Company has granted SARs under the 2015 four first 2015 A summary of SAR activity is as follows: Stock Appreciation Rights Weighted Average Exercise Price Weighted Average Fair Value Aggregate Intrinsic Value ( in thousands ) Weighted Average Remaining Contractual Term (in years) Outstanding as of December 31, 201 6 136,000 $ 426.80 $ 88.07 $ 26,510 8.7 Granted 20,000 $ 619.66 $ 138.01 9.8 Exercised (5,625 ) $ 422.31 $ 87.22 Forfeited (5,200 ) $ 422.31 $ 87.22 Outstanding as of March 31, 2017 145,175 $ 453.71 $ 95.01 $ 24,790 8.6 Vested and exercisable as of March 31, 2017 25,550 $ 422.31 $ 87.22 $ 5,165 8.4 The fair value of the SARs was measured based on the Black-Scholes model. The inputs used in the model for the three March 31, 2017 201 7 Expected volatility 20.93 % Risk-free interest rate 2.15 % Expected term (in years) 6.25 Expected dividend yield 0.96 % Compensation expense associated with unvested SARs is recognized on a straight-line basis over the vesting period. The expense recognized each period is dependent upon our estimate of the number of SARs that will ultimately vest. Equity-based compensation expense for the SARs was $0.7 three March 31, 2017. March 31, 2017, $9.7 1.3 Compensation Expense . $2.4 $3.0 three March 31, 2017 2016, $3.5 March 31, 2017. $5.7 March 31, 2017.

Note 9 - Income Taxes

Note 9 - Income Taxes	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	9 . INCOME TAXES The Company ’s effective tax rate was 37.4% 33.0% three March 31, 2017 2016, $2.2

Note 10 - Net Income Per Share

Note 10 - Net Income Per Share	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	1 0 . NET INCOME PER SHARE Basic net income per common share is computed by dividing the net income allocable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted income per share further includes any common shares available to be issued upon vesting or exercise of outstanding equity awards if such inclusion would be dilutive. The following table sets forth the computation of basic and diluted net income per common share (in thousands, except share and per share amounts): Three Months Ended March 31 , 201 7 201 6 Numerator: Net income $ 33,215 $ 27,044 Denominator: Weighted average common shares outstanding - Basic 5,671,838 5,796,252 Effect of dilutive equity awards (1) 59,063 14,387 Weighted average common shares outstanding - Diluted 5,730,901 5,810,639 Net income per share: Basic $ 5.86 $ 4.67 Diluted $ 5.80 $ 4.65 (1) SARs outstanding that were not included in the diluted net income per share calculation because the effect would have been anti-dilutive were 443 1,038 three March 31, 2017 2016,

Note 11 - Commitments and Conti

Note 11 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	1 1 . COMMITMENTS AND CONTINGENCIES Litigation and Legal Matters. The Company is subject to complaints and administrative proceedings and is a defendant in various civil lawsuits that have arisen in the ordinary course of its business. Such matters include: contract disputes; actions alleging negligence; invasion of privacy; trademark, copyright and patent infringement; violations of applicable wage and hour laws; statutory or common law claims involving current and former employees; and other matters. Although the outcomes of the legal claims and proceedings against the Company cannot be predicted with certainty, based on currently available information, management believes that there are no existing claims or proceedings that are likely to have a material effect on the Company’s business, financial condition, results of operations or cash flows. Also, based on currently available information, management is of the opinion that the exposure to future material losses from existing legal proceedings is not reasonably possible or that future material losses in excess of the amounts accrued are not reasonably possible. Regulation in the Cable Industry. The operation of a cable system is extensively regulated by the Federal Communications Commission (the “FCC”), some state governments and most local governments. The FCC has the authority to enforce its regulations through the imposition of substantial fines, the issuance of cease and desist orders and/or the imposition of other administrative sanctions, such as the revocation of FCC licenses needed to operate certain transmission facilities used in connection with cable operations. The Telecommunications Act of 1996 GHC Agreements. On June 16, 2015, $0.1 three March 31, 2017 2016,

Note 12 - Subsequent Event

Note 12 - Subsequent Event	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	1 2 . SUBSEQUENT EVENT On January 18, 2017, January 17, 2017 May 1, 2017, $735 . On May 1, 2017, $750 ’s existing term “A” loans and (iii) pay fees and expenses. The Incremental Loans consist of (a) a five $250 seven $500 ’s wholly owned subsidiaries and are secured, subject to certain exceptions, by substantially all assets of the Company and the guarantors. The interest margins applicable to the Incremental Loans under the Amended and Restated Credit Agreement are, at the Company ’s option, equal to either a LIBOR or a base rate, plus an applicable margin equal to, (x) with respect to the Incremental TLA, 2.25% 1.50% 1.25% 0.50% 2.25% 1.25% 2.5% first 5.0% second 7.5% third 10.0% fourth fifth 1.0% 1% six The Company is currently in the process of finalizing the accounting for the acquisition of NewWave and expects to complete the preliminary allocation of the purchase consideration to the assets acquired and liabilities assumed by the end of the second 2017 .

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation. The accompanying Condensed Consolidated Financial Statements have been prepared in accordance with: (i) generally accepted accounting principles in the United States (“GAAP”) for interim financial information; and (ii) the guidance of Rule 10 01 1934, 10 December 31, 2016. may Certain reclassifications have been made to prior period amounts to conform to the current period presentation.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation. The accompanying Condensed Consolidated Financial Statements include the accounts of the Company and the Subsidiary. All significant intercompany accounts and transactions have been eliminated in consolidation.
Segment Reporting, Policy [Policy Text Block]	Segment Reporting. Accounting Standard Codification (“ASC”) 280 Segment Reporting 280 one
Use of Estimates, Policy [Policy Text Block]	Use of Estimates. The preparation of the Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates, assumptions and judgments that affect the amounts reported herein. Management bases its estimates and assumptions on historical experience and on various other factors that are believed to be reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may
New Accounting Pronouncements, Policy [Policy Text Block]	Change in Accounting Estimate. In the first 2017, $5.9 first 2017 first 2016. Change in Accounting Estimate. As a result of new systems and processes implemented in the first 2017, $5.9 first 2017 first 2016 . Recently Adopted and Issued Accounting Pronouncements. In January 2017, 2017 04, Intangibles - Goodwill and Other (Topic 350): 2017 04 2 350 may two December 15, 2019. In January 2017, 2017 01, Business Combinations (Topic 805): 2017 01 December 15, 2017. May 1, 2017. In August 201 6, 2016 15, Statement of Cash Flows (Topic 230) : Classification of Certain Cash Receipts and Cash Payments one 2016 15 first 2018 2016 15 In March 2016, 2016 09, Compensation - Stock Compensation (Topic 718): 2016 09 first 2017. In February 2016, 2016 02, Leases (Topic 842) 2016 02 2016 02 first 2019, In May 2014, 2014 09, Revenue from Contracts with Customers (Topic 606) 2014 09 2016, first 2018. two third .

Note 2 - Revenues (Tables)

Note 2 - Revenues (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Revenue from External Customers by Products and Services [Table Text Block]	Three Months Ended March 31 , 201 7 201 6 Residential Data $ 90,201 $ 83,439 Video 72,454 74,853 Voice 9,867 11,314 Business services 26,961 23,827 Advertising sales 5,622 7,003 Other 2,322 2,369 Total revenues $ 207,427 $ 202,805

Note 3 - Property, Plant and 21

Note 3 - Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Property, Plant and Equipment [Table Text Block]	March 31 , 201 7 December 31, 2016 Cable distribution systems $ 1,069,545 $ 1,048,790 Customer premise equipment 179,893 181,852 Other equipment and fixtures 371,429 359,957 Buildings and leasehold improvements 89,021 88,592 Capitalized software 87,591 83,815 Construction in progress 60,592 64,822 Land 9,612 9,612 Total property, plant and equipment 1,867,683 1,837,440 Less accumulated depreciation (1,250,944 ) (1,217,819 ) Property, plant and equipment, net $ 616,739 $ 619,621

Note 4 - Goodwill and Intangi22

Note 4 - Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	March 31 , 201 7 Useful Gross Net Life Carrying Accumulated Carrying Range (years) Amount Amortization Amount Amortized Intangible Assets Cable franchise renewals and access rights 1 - 25 $ 4,141 $ 3,817 $ 324 Indefinite-Lived Intangible Assets ( E xcluding G oodwill) Franchise agreements $ 497,136 December 31 , 201 6 Useful Gross Net Life Carrying Accumulated Carrying Range (years) Amount Amortization Amount Amortized Intangible Assets Cable franchise renewals and access rights 1 - 25 $ 4,138 $ 3,794 $ 344 Indefinite-Lived Intangible Assets ( E xcluding G oodwill) Franchise agreements $ 497,136

Note 5 - Long-term Debt (Tables

Note 5 - Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	March 31 , 201 7 December 31, 201 6 Senior Unsecured Notes $ 450,000 $ 450,000 Senior Credit Facilities 93,750 95,000 Capital lease obligation 280 284 Total debt 544,030 545,284 Less unamortized debt issuance costs (7,748 ) (8,148 ) Less current portion of long-term debt (6,875 ) (6,250 ) Total Long-term debt $ 529,407 $ 530,886
Schedule of Maturities of Long-term Debt [Table Text Block]	Years Ending December 31 : Amount 201 7 $ 5,013 201 8 8,767 201 9 12,517 20 20 67,517 202 1 17 Thereafter 450,199 Total $ 544,030

Note 6 - Fair Value Measureme24

Note 6 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	March 31 , 201 7 Carrying Fair Amount Value Assets: Money market investments $ 72,334 $ 72,334 Commercial paper $ 91,297 $ 91,512 Long-term debt, including current portion : Notes $ 450,000 $ 469,125 Term Loan $ 93,750 $ 93,750

Note 8 - Equity-based Compens25

Note 8 - Equity-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	Weighted Average Grant Date Restricted Fair Value Stock Per Share Unvested as of December 31, 2016 38,425 $ 402.13 Granted 13,978 $ 619.67 Shares granted due to performance achievement 5,006 $ 433.66 Forfeited (1,904 ) $ 432.95 Vested (284 ) $ 380.50 Unvested as of March 31, 2017 55,221 $ 459.16 Vested and unissued as of March 31, 2017 2,210 $ 415.10
Schedule of Share-based Compensation, Stock Appreciation Rights Award Activity [Table Text Block]	Stock Appreciation Rights Weighted Average Exercise Price Weighted Average Fair Value Aggregate Intrinsic Value ( in thousands ) Weighted Average Remaining Contractual Term (in years) Outstanding as of December 31, 201 6 136,000 $ 426.80 $ 88.07 $ 26,510 8.7 Granted 20,000 $ 619.66 $ 138.01 9.8 Exercised (5,625 ) $ 422.31 $ 87.22 Forfeited (5,200 ) $ 422.31 $ 87.22 Outstanding as of March 31, 2017 145,175 $ 453.71 $ 95.01 $ 24,790 8.6 Vested and exercisable as of March 31, 2017 25,550 $ 422.31 $ 87.22 $ 5,165 8.4
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]	201 7 Expected volatility 20.93 % Risk-free interest rate 2.15 % Expected term (in years) 6.25 Expected dividend yield 0.96 %

Note 10 - Net Income Per Share

Note 10 - Net Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31 , 201 7 201 6 Numerator: Net income $ 33,215 $ 27,044 Denominator: Weighted average common shares outstanding - Basic 5,671,838 5,796,252 Effect of dilutive equity awards (1) 59,063 14,387 Weighted average common shares outstanding - Diluted 5,730,901 5,810,639 Net income per share: Basic $ 5.86 $ 4.67 Diluted $ 5.80 $ 4.65

Note 1 - Description of Busin27

Note 1 - Description of Business and Basis of Presentation (Details Textual) $ in Millions	May 01, 2017USD ($)	Mar. 31, 2017USD ($)
Number of States in which Entity Operates		19
Number of Reportable Segments		1
Reduction in Expense Due to Change in Capitalized Labor Accounting Estimate [Member]
Change in Accounting Estimate, Impact		$ 5.9
Subsequent Event [Member] | New Wave [Member]
Payments to Acquire Businesses, Gross	$ 735
Data [Member]
Number of Customers		523,327
Video [Member]
Number of Customers		307,187
Voice [Member]
Number of Customers		113,368

Note 2 - Revenues (Details Text

Note 2 - Revenues (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Franchise Costs	$ 3.5	$ 3.6

Note 2 - Revenues - Revenues by

Note 2 - Revenues - Revenues by Product Line (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Advertising sales	$ 5,622	$ 7,003
Other	2,322	2,369
Total revenues	207,427	202,805
Data [Member]
Revenues	90,201	83,439
Video [Member]
Revenues	72,454	74,853
Voice [Member]
Revenues	9,867	11,314
Commercial [Member]
Revenues	$ 26,961	$ 23,827

Note 3 - Property, Plant and 30

Note 3 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Jan. 31, 2017	Mar. 31, 2017	Mar. 31, 2016
Depreciation		$ 38.4	$ 34.7
Other Assets [Member]
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment		$ 4.6
Headquarters Building and Adjoining Property [Member]
Proceeds from Sale of Property Held-for-sale	$ 10.1
Gain (Loss) on Disposition of Property Plant Equipment	$ 6.6

Note 3 - Property, Plant and 31

Note 3 - Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Property, plant and equipment gross	$ 1,867,683	$ 1,837,440
Less accumulated depreciation	(1,250,944)	(1,217,819)
Property, plant and equipment, net	616,739	619,621
Other Capitalized Property Plant and Equipment [Member]
Property, plant and equipment gross	1,069,545	1,048,790
Equipment [Member]
Property, plant and equipment gross	179,893	181,852
Furniture and Fixtures [Member]
Property, plant and equipment gross	371,429	359,957
Building and Leasehold Improvements[Member]
Property, plant and equipment gross	89,021	88,592
Software and Software Development Costs [Member]
Property, plant and equipment gross	87,591	83,815
Construction in Progress [Member]
Property, plant and equipment gross	60,592	64,822
Land [Member]
Property, plant and equipment gross	$ 9,612	$ 9,612

Note 4 - Goodwill and Intangi32

Note 4 - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Goodwill	$ 84,928	$ 84,928

Note 4 - Goodwill and Intangi33

Note 4 - Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Franchise Rights [Member]
Gross Carrying Amount, Indefinite-lived Intangible Assets	$ 497,136	$ 497,136
Use Rights [Member]
Gross Carrying Amount	4,141	4,138
Accumulated Amortization	3,817	3,794
Net Carrying Amount	$ 324	$ 344
Minimum [Member] | Use Rights [Member]
Useful Life (Year)	1 year	1 year
Maximum [Member] | Use Rights [Member]
Useful Life (Year)	25 years	25 years

Note 5 - Long-term Debt (Detail

Note 5 - Long-term Debt (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2017	Feb. 13, 2017	Dec. 31, 2016	Jun. 17, 2015
Long-term Debt		$ 544,030
Secured Debt [Member]
Debt Instrument, Face Amount			$ 650,000
Senior Unsecured Notes Due 2022 [Member]
Debt Instrument, Face Amount					$ 450,000
Debt Instrument, Interest Rate, Stated Percentage					5.75%
Senior Unsecured Notes Due 2022 [Member] | Revolving Credit Facility [Member] | JPMorgan Chase Bank [Member]
Debt Instrument, Term	5 years
Senior Unsecured Notes Due 2022 [Member] | Secured Debt [Member] | JPMorgan Chase Bank [Member]
Debt Instrument, Term	5 years
Senior Credit Facilities Due 2020 [Member] | Term Loan [Member]
Long-term Debt		$ 93,750		$ 95,000
Senior Credit Facilities Due 2020 [Member] | JPMorgan Chase Bank [Member]
Line of Credit Facility, Commitment Fee Percentage		0.25%
Debt Instrument, Interest Rate, Effective Percentage		2.50%
Letters of Credit Outstanding, Amount		$ 2,800
Credit Facility, Maximum Additional Amount Allowable		300,000
Senior Credit Facilities Due 2020 [Member] | JPMorgan Chase Bank [Member] | Term Loan [Member]
Long-term Debt		$ 93,800
Senior Credit Facilities Due 2020 [Member] | JPMorgan Chase Bank [Member] | Minimum [Member]
Line of Credit Facility, Commitment Fee Percentage		0.25%
Senior Credit Facilities Due 2020 [Member] | JPMorgan Chase Bank [Member] | Maximum [Member]
Line of Credit Facility, Commitment Fee Percentage		0.40%
Senior Credit Facilities Due 2020 [Member] | JPMorgan Chase Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		1.50%
Senior Credit Facilities Due 2020 [Member] | JPMorgan Chase Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		2.25%
Senior Credit Facilities Due 2020 [Member] | JPMorgan Chase Bank [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		0.50%
Senior Credit Facilities Due 2020 [Member] | JPMorgan Chase Bank [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		1.25%
Senior Credit Facilities Due 2020 [Member] | Revolving Credit Facility [Member] | JPMorgan Chase Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 200,000
Line of Credit Facility, Remaining Borrowing Capacity		$ 197,200
Senior Credit Facilities Due 2020 [Member] | Secured Debt [Member] | JPMorgan Chase Bank [Member]
Long-term Debt	$ 100,000
Senior Credit Facilities Due 2020 [Member] | Letter of Credit [Member] | JPMorgan Chase Bank [Member]
Debt Instrument, Interest Rate, Effective Percentage		1.625%

Note 5 - Long-term Debt - Sched

Note 5 - Long-term Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Long-term Debt	$ 544,030
Capital lease obligation	280	$ 284
Total debt	544,030	545,284
Less unamortized debt issuance costs	(7,748)	(8,148)
Less current portion of long-term debt	(6,875)	(6,250)
Total Long-term debt	529,407	530,886
Senior Unsecured Notes Due 2022 [Member]
Senior Unsecured Notes	450,000	450,000
Senior Credit Facilities Due 2020 [Member] | Term Loan [Member]
Long-term Debt	$ 93,750	$ 95,000

Note 5 - Long-term Debt - Futur

Note 5 - Long-term Debt - Future Maturities (Details) $ in Thousands	Mar. 31, 2017USD ($)
2,017	$ 5,013
2,018	8,767
2,019	12,517
2,020	67,517
2,021	17
Thereafter	450,199
Total	$ 544,030

Note 6 - Fair Value Measureme37

Note 6 - Fair Value Measurements (Details Textual) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Deferred Compensation Liability, Current and Noncurrent	$ 17.6	$ 18.2

Note 6 - Fair Value Measureme38

Note 6 - Fair Value Measurements - Carrying Amounts and Fair Values (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets, carrying amount	$ 173,467	$ 138,040
Long-term debt, including current portion, carrying amount	544,030
Notes [Member]
Long-term debt, including current portion, carrying amount	450,000
Long-term debt, including current portion, fair value	469,125
Term Loan [Member]
Long-term debt, including current portion, carrying amount	93,750
Long-term debt, including current portion, fair value	93,750
Money Market Funds [Member]
Assets, carrying amount	72,334
Assets, fair value	72,334
Commercial Paper [Member]
Assets, carrying amount	91,297
Assets, fair value	$ 91,512

Note 7 - Treasury Stock (Detail

Note 7 - Treasury Stock (Details Textual) - USD ($) $ in Thousands	3 Months Ended		21 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Dec. 31, 2016	Jul. 02, 2015
Stock Repurchase Program, Authorized Amount					$ 250,000
Stock Repurchase Program, Number of Shares Authorized to be Repurchased					600,000
Treasury Stock, Shares, Acquired	700		165,633
Treasury Stock, Value, Acquired, Cost Method	$ 399		$ 73,100
Payments Related to Tax Withholding for Share-based Compensation	$ 331
Shares Paid for Tax Withholding for Share Based Compensation	517
Treasury Stock, Shares	164,124		164,124	179,676

Note 8 - Equity-based Compens40

Note 8 - Equity-based Compensation (Details Textual)	3 Months Ended
	Mar. 31, 2017USD ($)shares	Mar. 31, 2016USD ($)	Jun. 05, 2015shares
Allocated Share-based Compensation Expense	$ 2,400,000	$ 3,000,000
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	3,500,000
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	$ 5,700,000
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangements by Share-based Payment Award, Vesting Period, Number of Installments	4
Annual Retainer	$ 150,000
Additional Annual Retainer	15,000
Allocated Share-based Compensation Expense	1,700,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 11,000,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 146 days
Restricted Stock Units (RSUs) [Member] | Non-employee Directors [Member
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Vested and Deferred, Number | shares	2,210
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Share-based Compensation Arrangements by Share-based Payment Award, Vesting Period, Number of Installments	4
Allocated Share-based Compensation Expense	$ 700,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 9,700,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 109 days
The 2015 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares	329,962
The 2015 Plan [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Maximum [Member] | The 2015 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares			600,000
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Authorized for Incentive Stock Options | shares			400,000

Note 8 - Equity-based Compens41

Note 8 - Equity-based Compensation - Summary of Restricted Stock (Details) - Restricted Stock and Restricted Stock Units [Member]	3 Months Ended
	Mar. 31, 2017$ / sharesshares
Unvested, restricted stock (in shares) | shares	38,425
Unvested, restricted stock, weighted avergae grant date fair value (in dollars per share) | $ / shares	$ 402.13
Granted, stock appreciation rights (in shares) | shares	13,978
Granted, weighted average fair value (in dollars per share) | $ / shares	$ 619.67
Shares granted due to performance achievement (in shares) | shares	5,006
Shares granted due to performance achievement, weighted average grant date fair value (in dollars per share) | $ / shares	$ 433.66
Forfeited, stock appreciation rights (in shares) | shares	(1,904)
Forfeited, weighted average fair value (in dollars per share) | $ / shares	$ 432.95
Vested, restricted stock (in shares) | shares	(284)
Vested, restricted stock, weighted avergae grant date fair value (in dollars per share) | $ / shares	$ 380.50
Unvested, restricted stock (in shares) | shares	55,221
Unvested, restricted stock, weighted avergae grant date fair value (in dollars per share) | $ / shares	$ 459.16
Vested and unissued, restricted stock (in shares) | shares	2,210
Vested and unissued, weighted average grant date fair value (in dollars per share) | $ / shares	$ 415.10

Note 8 - Equity-based Compens42

Note 8 - Equity-based Compensation - Summary of Stock Appreciation Rights (Details) - Stock Appreciation Rights (SARs) [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Outstanding, stock appreciation rights (in shares)	136,000
Outstanding, weighted average exercise price (in dollars per share)	$ 426.80
Outstanding, Beginning Balance, weighted average fair value (in dollars per share)	$ 88.07
Outstanding, aggregate intrinsic value	$ 24,790	$ 26,510
Weighted Average Remaining Contractual Term, Outstanding (Year)	8 years 219 days	8 years 255 days
Granted, stock appreciation rights (in shares)	20,000
Granted, weighted average exercise price (in dollars per share)	$ 619.66
Granted, weighted average fair value (in dollars per share)	$ 138.01
Weighted Average Remaining Contractual Term, Granted (Year)	9 years 292 days
Exercised, stock appreciation rights (in shares)	(5,625)
Exercised, weighted average exercise price (in dollars per share)	$ 422.31
Exercised, weighted average fair value (in dollars per share)	$ 87.22
Forfeited, stock appreciation rights (in shares)	(5,200)
Forfeited, weighted average exercise price (in dollars per share)	$ 422.31
Forfeited, weighted average fair value (in dollars per share)	$ 87.22
Outstanding, stock appreciation rights (in shares)	145,175	136,000
Outstanding, weighted average exercise price (in dollars per share)	$ 453.71	$ 426.80
Outstanding, Beginning Balance, weighted average fair value (in dollars per share)	$ 95.01	$ 88.07
Vested and exercisable, stock appreciation rights (in shares)	25,550
Vested and exercisable, weighted average exercise price (in dollars per share)	$ 422.31
Vested and exercisable, weighted average fair value (in dollars per share)	$ 87.22
Vested and exercisable, aggregate intrinsic value	$ 5,165
Weighted Average Remaining Contractual Term, Vested and exercisable (Year)	8 years 146 days

Note 8 - Equity-based Compens43

Note 8 - Equity-based Compensation - Stock Appreciation Rights, Fair Value Assumptions (Details) - Stock Appreciation Rights (SARs) [Member]	3 Months Ended
	Mar. 31, 2017
Expected volatility	20.93%
Risk-free interest rate	2.15%
Expected term (in years) (Year)	6 years 91 days
Expected dividend yield	0.96%

Note 9 - Income Taxes (Details

Note 9 - Income Taxes (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	37.40%	33.00%
Income Tax Benefits Due to Certain Spin-off and State Tax Items	$ 2.2

Note 10 - Net Income Per Shar45

Note 10 - Net Income Per Share (Details Textual) - shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	443	1,038

Note 10 - Net Income Per Shar46

Note 10 - Net Income Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Net income		$ 33,215	$ 27,044
Basic (in shares)	[1]	5,671,838	5,796,252
Effect of dilutive equity awards (1) (in shares)	[2]	59,063	14,387
Weighted average common shares outstanding - Diluted (in shares)	[1]	5,730,901	5,810,639
Net income per common share:
Basic (in dollars per share)	[1]	$ 5.86	$ 4.67
Diluted (in dollars per share)	[1]	$ 5.80	$ 4.65
[1]	On July 1, 2015, Graham Holdings Company distributed 5,843,313 shares of Cable One, Inc. common stock to existing holders of Graham Holdings Company common stock. Basic and diluted net income per common share for the year ended December 31, 2014 are calculated using the number of shares distributed on July 1, 2015.
[2]	SARs outstanding that were not included in the diluted net income per share calculation because the effect would have been anti-dilutive were 443 and 1,038 for the three months ended March 31, 2017 and 2016, respectively.

Note 11 - Commitments and Con47

Note 11 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
GHC [Member]
Employee Medical and Worker's Compensation Claims Expense	$ 0.1	$ 0.1

Note 12 - Subsequent Event (Det

Note 12 - Subsequent Event (Details Textual) - USD ($) $ in Millions	May 01, 2017	Feb. 13, 2017
Secured Debt [Member]
Debt Instrument, Face Amount		$ 650
Subsequent Event [Member] | Secured Debt [Member]
Debt Instrument, Face Amount	$ 750
Subsequent Event [Member] | Secured Debt [Member] | Incremental Term Loan A [Member]
Debt Instrument, Face Amount	$ 250
Debt Instrument, Term	5 years
Long Term Debt, Amortization Rate, First Twelve Months	2.50%
Long Term Debt, Amortization Rate, Year Two	5.00%
Long Term Debt, Amortization Rate, Year Three	7.50%
Long Term Debt, Amortization Rate, Year Four	10.00%
Long Term Debt, Amortization Rate, Year Five	10.00%
Subsequent Event [Member] | Secured Debt [Member] | Incremental Term Loan A [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Subsequent Event [Member] | Secured Debt [Member] | Incremental Term Loan A [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Subsequent Event [Member] | Secured Debt [Member] | Incremental Term Loan A [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Subsequent Event [Member] | Secured Debt [Member] | Incremental Term Loan A [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Subsequent Event [Member] | Secured Debt [Member] | Incremental Term Loan B [Member]
Debt Instrument, Face Amount	$ 500
Debt Instrument, Term	7 years
Debt Instrument, Amortization Percent on a Quarterly Basis	1.00%
Debt Instrument, Prepayment Penalty, Prepaid within Six Months, Percent	1.00%
Subsequent Event [Member] | Secured Debt [Member] | Incremental Term Loan B [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Subsequent Event [Member] | Secured Debt [Member] | Incremental Term Loan B [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%
New Wave [Member] | Subsequent Event [Member]
Payments to Acquire Businesses, Gross	$ 735