Significant Accounting Policies [Text Block] | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation. The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”). The consolidated financial statements reflect the Company ’s results of operations and financial position as a stand-alone company following the spin-off. Prior to the spin-off, the Company’s financial statements were derived from the consolidated financial statements and accounting records of GHC. The impact of transactions between the Company and GHC was included in the consolidated financial statements and was considered to be effectively settled for cash in the consolidated financial statements at the time the spin-off was effective. The total net effect of the settlement of these intercompany transactions was reflected in the Consolidated Statements of Cash Flows as a financing activity at the time of settlement and in the Consolidated Statements of Stockholders’ Equity as Additional GHC investment (deficit). The Company ’s results of operations for the years ended December 31, 2017, 2016 2015 may not not July 1, 2015, 2015 10 may not 2015. Certain reclassifications have been made to prior period amounts to conform to the current year presentation. Principles of Consolidation. The accompanying consolidated financial statements include the accounts of the Company, including its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Change in Accounting Principle, Change in Estimate, Error Correction and Revision of Previously Issued Financial Statements. During 2017, fourth 2017, Change in Accounting Principle Effective January 1, 2017, ng principle for the capitalization of certain labor related to the provision of service to a new customer relationship in an existing location and upgrades to individual services in existing locations. In addition, the Company voluntarily changed its accounting principle for the capitalization of supervisory activities performed by management positions. Under the Company’s previous policies, installation costs were capitalized only when incurred to connect residences or businesses that had not 2017 2017 Effect of Accounting Change Increase (decrease) in financial statement line item Consolidated Balance Sheet Information Property, plant and equipment, net $ 14,604 Deferred income taxes 5,550 Retained earnings $ 9,054 Consolidated Statement of Operations and Comprehensive Income Information Costs and expenses Operating (excluding depreciation and amortization) $ (15,342) Selling, general and administrative (236) Depreciation and amortization 974 Income before income taxes 14,604 Income tax provision (benefit) 5,550 Net income 9,054 Comprehensive income $ 9,054 Net income per common share: Basic $ 1.59 Diluted $ 1.58 Consolidated Statement of Cash Flows Information Net cash provided by operating activities $ 15,578 Net cash used in investing activities $ (15,578) Change in Estimate A p ortion of the accounting change remains classified as a change in accounting estimate as described above. The effect of the change was applied prospectively starting on January 1, 2017 not Error Correction During the fourth 2016, 20 15 $9.8 2015 January 1, 2015. Revision of Previously Issued Financial Statements The following tables present the effect of the revision on the previously issued 2016 2015 cept per share data): As of and for the Year Ended December 31, 201 6 As Reported Adjustment As Re vised Consolidated Balance Sheet Information Accounts receivable, net $ 32,526 $ 523 $ 33,049 Property, plant and equipment, net 619,621 23,294 642,915 Total Assets 1,397,271 23,818 1,421,089 Deferred income taxes 276,297 9,052 285,349 Total Liabilities 942,760 9,052 951,812 Retained earnings 511,776 14,766 526,542 Total Stockholders ’ Equity $ 454,511 $ 14,766 $ 469,277 Consolidated Statement of Operations and Comprehensive Income Information Costs and Expenses Operating (excluding depreciation and amortization) $ 301,617 $ (5,040 ) $ 296,577 Selling, general and administrative 184,797 (773 ) 184,024 Depreciation and amortization 142,183 5,656 147,839 Total operating costs and expenses 631,418 (157) 631,261 Income from operations 188,207 157 188,364 Income before income taxes 163,107 157 163,264 Income tax provision (benefit) 64,168 (2,006 ) 62,162 Net income $ 98,939 $ 2,163 $ 101,102 Comprehensive income $ 99,050 $ 2,163 $ 101,213 Net income per common share: Basic $ 17.23 $ 0.37 $ 17.60 Diluted $ 17.14 $ 0.38 $ 17.52 Consolidated Statement of Cash Flows Information Net cash provided by operating activities $ 251,831 $ 5,290 $ 257,121 Net cash used in investing activities $ (136,317 ) $ (5,290 ) $ (141,607 ) For the Year Ended December 31, 201 5 As Reported Adjustment As Re vised Consolidated Statement of Operations and Comprehensive Income Information Costs and Expenses Operating (excluding depreciation and amortization) $ 310,323 $ (5,486 ) $ 304,837 Selling, general and administrative 193,964 (217 ) 193,747 Depreciation and amortization 140,635 3,868 144,503 Total operating costs and expenses 645,524 (1,835) 643,689 Income from operations 161,742 1,835 163,577 Income before income taxes 145,420 1,835 147,255 Income tax provision (benefit) 56,387 (954 ) 55,433 Net income $ 89,033 $ 2,789 $ 91,822 Comprehensive income $ 88,476 $ 2,789 $ 91,265 Net income per common share: Basic $ 15.21 $ 0.48 $ 15.69 Diluted $ 15.19 $ 0.48 $ 15.67 Consolidated Statement of Cash Flows Information Net cash provided by operating activities $ 246,413 $ 5,703 $ 252,116 Net cash used in investing activities $ (155,225 ) $ (5,703 ) $ (160,928 ) The se accompanying notes to the consolidated financial statements reflect the impact of this revision. The Company has also reflected the impact of the revision in the applicable unaudited quarterly financial results. Refer to Note 17 Segment Reporting. Accounting Standard Codification (“ASC”) 280 Segment Reporting 280 one Use of Estimates. The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions 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 Revenue Recognition. The Company recognizes subscriber revenue as each service is provided. Revenue received from subscribers who purchase bundled services (e.g., the Company sells data, video and voice services to a customer) at a discounted rate is allocated to each product in a pro-rata manner based on the individual product ’s selling price on a standalone basis. The Company typically bills customers in advance on a monthly basis. The Company manages credit risk by screening applicants through the use of internal customer information, identification verification tools and credit bureau data. Various measures are used to collect outstanding amounts when a customer’s account is delinquent, including termination of the customer’s cable services. Residential installation revenue is recognized when the connection of the customer to the Company’s cable system is completed, as installation revenue is less than the related direct selling costs. Installation revenue derived from business services customers is recognized over the associated contract term. The Company generally receives an allocation of scheduled advertising time as part of its distribution agreements with cable networks, which the Company sells to local, regional and national advertisers. The Company recognizes advertising sales revenue when the commercials are aired. In most cases, the available advertising time is sold by the Company’s internal sales force. Since the Company is acting as a principal in these arrangements, the advertising that is sold is reported as revenue on a gross basis. In cases where advertising time is sold by agencies, the Company is not Under the terms of the Company ’s cable franchise agreements, the Company is generally required to pay to the franchising authority an amount based on the gross amount billed to the customer. The Company normally passes these fees to its customers and reports the fees on a gross basis as a component of revenue with the corresponding costs included in operating expense. The franchise authority assesses the Company directly for these fees and it is the Company’s obligation to pay the fees. The amount of such fees recorded on a gross basis was $15.7 $14.2 $15.7 2017, 2016 2015, Effective for 2018, Recently Adopted and Issued Accounting Pronouncements Concentrations of Credit Risk. Financial instruments that potentially subject the Company to concentrations of credit risk are primarily cash and accounts receivable. Concentration of credit risk with respect to the Company’s cash balance is limited. The Company maintains or invests its cash with highly qualified financial institutions. With respect to the Company’s receivables, credit risk is limited due to the large number of customers, individually small balances and short payment terms. Programming Costs. The Company’s programming costs are fees paid to license the programming that is distributed to video customers and are recorded in the period the services are provided. Programming costs are recorded based on the Company’s contractual agreements with its programming vendors, which are generally multi-year agreements that provide for the Company to make payments to the programming vendors at agreed upon rates based on the number of subscribers to which the Company provides the programming service. From time to time, these agreements expire and programming continues to be distributed, often pursuant to an extension, to customers while the parties negotiate new contractual terms. While payments are typically made under the prior agreement’s terms, the Advertising Costs . The Company expenses advertising costs as incurred. The total amount of such advertising expense recorded was $25.3 $25.9 $22.5 2017, 2016 2015, Cash and Cash Equivalents . For financial reporting purposes, the Company considers all highly liquid investments with original maturities at purchase of three Allowance for Doubtful Accounts. Accounts receivable have been reduced by an allowance for amounts that may Fair Value Measurements. Fair value measurements are determined based on the assumptions that a market participant would use in pricing an asset or liability based on a three 1 2 3 may For assets that are measured using quoted prices in active markets, the total fair value is the published market price per unit multiplied by the number of units held, without consideration of transaction costs. Assets and liabilities that are measured using significant other observable inputs are primarily valued by reference to quoted prices of similar assets or liabilities in active markets, adjusted for any terms speci fic to that asset or liability. The Company measures certain assets including goodwill , intangible assets and property, plant and equipment at fair value on a nonrecurring basis when they are deemed to be impaired. The fair value of these assets is determined with valuation techniques using the best information available and may Fair Value of Financial Instruments. The carrying amounts reported in the Company’s consolidated financial statements for cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate fair value because of the short-term nature of these financial instruments. Property, Plant and Equipment. Property, plant and equipment is recorded at cost. Replacements and major improvements are capitalized; maintenance and repairs are expensed as incurred. Depreciation is calculated using the straight-line method over the following estimated useful lives of the property, plant and equipment (in years): Cable distribution systems 5 – 12 Customer premise equipment 5 Other equipment, vehicles and fixtures 3 – 10 Capitalized software 3 – 7 Buildings and improvements 20 The costs of leasehold improvements are amortized over the lesser of their useful lives or the remaining terms of the respective leases. Costs associated with the installation and upgrade of services and acquiring and deploying customer premise equipment, including materials, internal and external labor costs and related indirect and overhead costs are capitalized. Indirect and overhead costs include payroll taxes, insurance and other benefits and vehicle, tool and supply expense related to installation activities. Capitalized labor costs include the direct costs of engineers and technical managers involved in the design and implementation of plant and infrastructure, the costs of technicians involved in the installation and upgrades of services and customer premise equipment, and the costs of support personnel directly involved in capitalizable activities, such as project managers and supervisors. Internal labor costs capitalized for engineering and technical personnel are based on standards developed by position for the percentage of time spent on capitalized projects while internal labor costs associated with installation and other plant activities are based on standards developed from operational data. Overhead costs are capitalized based on standards developed from historical information. Costs for repairs and maintenance, disconnecting service or reconnecting service are expensed as incurred. As previously disclosed, the Company changed its accounting related to the capitalization of certain internal labor and related costs associated with construction and customer installation activities beginning in the first 2017 fourth 2017, 2017 $16.3 2017 2016, $15.6 10 The Company capitalizes certain internal and external costs incurred to acquire or develop internal-use software, including costs associated with coding, software configuration, upgrades and enhancements. Evaluation of Long-Lived Assets. The recoverability of property, plant and equipment and amortized intangible assets is assessed whenever adverse events or changes in circumstances indicate that recorded values may not not Finite-Lived Intangible Assets. Finite-lived intangible assets consist of cable franchise renewals and access rights, customer relationships and trademarks and trade names, and are amortized on a straight-line basis over the respective estimated periods for which the assets will provide economic benefit to the Company. Indefinite-Lived Intangible Assets. The Company assesses the recoverability of its indefinite-lived intangible assets as of November 30 th may first not not not not Goodwill. not November 30 th may one may first not not not second not Pension and Other Postretirement Benefits. The Company maintains various pension and incentive savings plans. The Company recognizes the overfunded or underfunded status of the defined benefit SERP (as defined in Note 13 December 31 st Self-Insurance. The Company uses a combination of insurance and self-insurance for a number of risks, including claims related to employee medical and dental care, disability benefits, workers’ compensation, general liability, property damage and business interruption. Liabilities associated with these plans are estimated based on, among other things, the Company’s historical claims experience, severity factors and other actuarial assumptions. Accruals for expected loss are based on estimates, and, while the Company believes that the amounts accrued are adequate, the ultimate loss may Equity-Based Compensation. The Company measures compensation expense for awards settled in shares based on the grant date fair value of the award. The Company measures compensation expense for awards settled in cash, or that may Income Taxes. Subsequent to the spin-off, the Company’s income taxes have been prepared on a separate return basis as if the Company was a stand-alone entity. Prior to the spin-off, the Company’s operations were historically included in GHC’s consolidated U.S. Federal and certain state tax returns. The results from being included in the consolidated tax returns were included in Additional GHC investment (deficit) for the applicable periods. The Company did not The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. The Company records net deferred tax assets to the extent that it believes these assets will more likely than not . This evaluation is made on an ongoing basis. In the event the Company were to determine that it was not The Company recognizes a tax benefit from an uncertain tax position when it is more likely than not ich such determination is made. Asset Retirement Obligations. Certain of the Company’s cable franchise agreements and lease agreements contain provisions requiring the Company to restore facilities or remove property in the event that the franchise or lease agreement is not not Recently Adopted and Issued Accounting Pronouncements. In May 2017, No. 2017 09, Compensation – Stock Compensation (Topic 718 2017 09 718. first 2018. not In January 2017, No. 2017 04, Intangibles - Goodwill and Other (Topic 350 2017 04 2 350 not may two December 15, 2019, 2017 04 not no not In January 2017, No. 2017 01, Business Combinations (Topic 805 2017 01 first 2018. not no In August 2016, No. 2016 15, Statement of Cash Flows (Topic 230 one 2016 15 first 2018. not In March 2016, No. 2016 09, Compensation - Stock Compensation (Topic 718 2016 09 first 2017. The Company also established an accounting policy election to assume zero 2016 09 not In February 2016, No. 2016 02, Leases (Topic 842 2016 02 2016 02 first 2019, In May 2014, No. 2014 09, Revenue from Contracts with Customers (Topic 606 2014 09 five 1 2 3 4 5 2014 09 January 1, 2018 not |