WideOpenWest (WOW) 10-Q 11 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 03, 2018
Document and Entity Information
Entity Registrant Name	WideOpenWest, Inc.
Entity Central Index Key	1,701,051
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		85,282,190
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2018		Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 36.5		$ 69.4
Accounts receivable-trade, net of allowance for doubtful accounts of $5.2 and $5.8, respectively	70.3		81.5
Accounts receivable-other	2.1		2.1
Prepaid expenses and other	16.4		12.2
Total current assets	125.3		165.2
Plant, property and equipment, net	933.3		924.7
Franchise operating rights	809.2		952.4
Goodwill	270.9		384.1
Intangible assets subject to amortization, net	4.9		5.5
Other noncurrent assets	21.4		9.7
Total assets	2,165		2,441.6
Current liabilities
Accounts payable-trade	29.8		26.1
Accrued interest	3.2		3.6
Accrued liabilities and other	92.2		94.5
Current portion of debt and capital lease obligations	24		24
Current portion of unearned service revenue	46.2		43.2
Total current liabilities	195.4		191.4
Long-term debt and capital lease obligations-less current portion and debt issuance costs	2,222.5		2,227.2
Deferred income taxes, net	178.4		220.4
Other noncurrent liabilities	7.8		7
Total liabilities	2,604.1		2,646
Commitments and contingencies
Stockholders' deficit:
Preferred stock, $0.01 par value, 100,000,000 shares authorized; 0 shares issued and outstanding
Common stock, $0.01 par value, 700,000,000 shares authorized; 89,545,907 and 88,887,915 issued as of March 31, 2018 and December 31,2017, respectively; 84,448,065 and 88,426,742 outstanding as of March 31, 2018 and December 31, 2017, respectively	0.9		0.9
Additional paid-in capital	304		299.9
Accumulated deficit	(694)		(500.4)
Treasury stock at cost, 5,097,842 and 461,173 shares as of March 31, 2018 and December 31, 2017, respectively	(50)		(4.8)
Total stockholders' deficit	(439.1)	[1]	(204.4)
Total liabilities and stockholders' deficit	$ 2,165		$ 2,441.6
[1]	Included in outstanding shares as of March 31, 2018 are 2,545,272 non-vested shares of restricted stock awards granted to employees and directors.

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
CONDENSED CONSOLIDATED BALANCE SHEETS
Accounts receivable-trade, allowance for doubtful accounts	$ 5.2	$ 5.8
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
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)	700,000,000	700,000,000
Common stock, shares issued (in shares)	89,545,907	88,887,915
Common stock, shares outstanding ( in shares)	84,448,065	88,426,742
Common shares held in treasury, (in shares)	5,097,842	461,173

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue	$ 285.5	$ 300
Costs and expenses:
Operating (excluding depreciation and amortization)	157.9	159.8
Selling, general and administrative	39.7	30.3
Depreciation and amortization	46.3	50.3
Impairment losses on intangibles and goodwill	256.4
Management fee to related party		0.5
Total costs and expenses	500.3	240.9
(Loss) income from operations	(214.8)	59.1
Other income (expense):
Interest expense	(29.1)	(45.7)
Loss on early extinguishment of debt		(5)
Gain on sale of system dispositions		38.7
Other income, net		1.4
(Loss) income before provision for income taxes	(243.9)	48.5
Income tax benefit	41.2	23.9
Net (loss) income	$ (202.7)	$ 72.4
Basic and diluted (loss) earnings per common shares
Basic (in dollars per share)	$ (2.40)	$ 1.09
Diluted (in dollars per share)	$ (2.40)	$ 1.09
Weighted-average common shares outstanding
Basic (in shares)	84,479,896	66,525,044
Diluted (in shares)	84,479,896	66,600,994

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT - 3 months ended Mar. 31, 2018 - USD ($) $ in Millions		Common Stock		Treasury Stock at Cost	Additional Paid-in Capital	Accumulated Deficit	Total
Balances at beginning of the year (in shares) at Dec. 31, 2017		88,426,742					88,426,742
Balances at beginning of the year at Dec. 31, 2017		$ 0.9		$ (4.8)	$ 299.9	$ (500.4)	$ (204.4)
Increase (Decrease) in Stockholders' Deficit
Impact of change in accounting policy						9.1	9.1
Stock-based compensation					4.3		$ 4.3
Issuance of restricted stock (in shares)		657,992
Purchase of shares (in shares)		(4,636,669)					(4,636,669)
Purchase of shares				(45.2)			$ (45.2)
Other					(0.2)		(0.2)
Net loss						(202.7)	$ (202.7)
Balances at end of the year (in shares) at Mar. 31, 2018		84,448,065	[1]				84,448,065
Balances at end of the year at Mar. 31, 2018	[1]	$ 0.9		$ (50)	$ 304	$ (694)	$ (439.1)
[1]	Included in outstanding shares as of March 31, 2018 are 2,545,272 non-vested shares of restricted stock awards granted to employees and directors.

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT (Parenthetical)	Mar. 31, 2018shares
Restricted stock awards
Number of shares granted to employees and directors	2,545,272

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net (loss) income	$ (202.7)	$ 72.4
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	46.3	50.3
Provision for doubtful accounts	5.2	4.2
Deferred income taxes	(42.2)	(32.6)
Gain on sale of system dispositions		(38.7)
Amortization of debt issuance costs, premium and discount, net	1.2	1.2
Non-cash compensation expense	4.3	0.5
Loss on early extinguishment of debt		0.2
Impairment losses on intangibles and goodwill	256.4
Other non-cash items		0.3
Changes in operating assets and liabilities:
Receivables and other operating assets	1.4	0.7
Payables and accruals	4.9	(27.7)
Net cash flows provided by operating activities	74.8	30.8
Cash flows from investing activities:
Capital expenditures	(56.5)	(79.2)
Proceeds from sale of assets		213
Other investing activities	0.2	2
Net cash flows (used in) provided by investing activities	(56.3)	135.8
Cash flows from financing activities:
Payments on debt and capital lease obligations	(6)	(110.8)
Contribution from former Parent		8.8
Repurchase of old management units		(8.8)
Distribution to former Parent		(0.1)
Purchase of shares	(45.2)
Other	(0.2)
Net cash flows used in financing activities	(51.4)	(110.9)
(Decrease) increase in cash and cash equivalents	(32.9)	55.7
Cash and cash equivalents, beginning of period	69.4	30.8
Cash and cash equivalents, end of period	36.5	86.5
Supplemental disclosures of cash flow information:
Cash paid during the periods for interest	28.4	65.9
Cash paid during the periods for income taxes	0.2	1.2
Non-cash financing activities:
Capital expenditure accounts payable and accruals	$ 8.9	$ 10.9

General Information

General Information	3 Months Ended
	Mar. 31, 2018
General Information
General Information	Note 1. General Information WideOpenWest, Inc. (“WOW” or the “Company”) was organized in Delaware in July 2012 as WideOpenWest Kite, Inc. WideOpenWest Kite, Inc. subsequently changed its name to WideOpenWest, Inc. in March 2017. On April 1, 2016, the Company consummated a restructuring (“Restructuring”) whereby WideOpenWest Finance, LLC (“WOW Finance”) became a wholly owned subsidiary of WOW. Previously, WOW Finance was owned by WOW, WideOpenWest Illinois, Inc., WideOpenWest Ohio, Inc. and Sigecom, Inc. (collectively, the “Members”, or WOW and “Affiliates”). Prior to the Restructuring, the Members were wholly owned subsidiaries of Racecar Acquisition, LLC (“Racecar Acquisition”). As a result of the Restructuring, the Affiliates merged with and into WOW, WOW became the sole subsidiary of Racecar Acquisition and WOW Finance became a wholly owned subsidiary of WOW. On May 25, 2017, the Company completed an initial public offering (“IPO”) of shares of its common stock, which are listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “WOW”. Prior to its IPO, WOW was wholly owned by Racecar Acquisition, which is a wholly owned subsidiary of WideOpenWest Holdings, LLC (“Parent”). Subsequent to the IPO, Racecar Acquisition and former Parent were liquidated and the shares distributed to their respective owners. In the following context, the terms we, us, WOW, or the Company may refer, as the context requires, to WOW or, collectively, WOW and its subsidiaries. The Company is a fully integrated provider of high-speed data (“HSD”), cable television (“Video”), and digital telephony (“Telephony”) services. The Company serves customers in nineteen Midwestern and Southeastern markets in the United States. The Company manages and operates its Midwestern broadband cable systems in Detroit and Lansing, Michigan; Chicago, Illinois; Cleveland and Columbus, Ohio; Evansville, Indiana and Baltimore, Maryland. The Southeastern systems are located in Augusta, Columbus, Newnan and West Point, Georgia; Charleston, South Carolina; Dothan, Auburn, Huntsville and Montgomery, Alabama; Knoxville, Tennessee; and Panama City and Pinellas County, Florida.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation Subsequent to the Restructuring, the financial statements and notes to financial statements presented herein include the consolidated accounts of WOW and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company operates as one operating segment. Certain reclassifications have been made to prior period amounts to conform to the current period financial statement presentation with no effect on the Company’s previously reported results of operations, financial position, or cash flows. Certain employees of WOW participated in equity plans administered by the Company’s former Parent. Because the management units from the equity plan were issued from the former Parent’s ownership structure, the management units’ value directly correlated to the results of WOW, as the primary asset of the former Parent’s investment in WOW. The management units for the equity plan have been “pushed down” to the Company, as the management units had been utilized as equity-based compensation for WOW management. Immediately prior to the Company’s IPO, these management units were cancelled. The unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission (“SEC”); however, in our opinion, the disclosures made are adequate to make the information presented not misleading. The year-end consolidated balance sheet was derived from audited financial statements. In the opinion of management, all normally recurring adjustments considered necessary for the fair presentation of the financial statements have been included, and the financial statements present fairly the financial position and results of operations for the interim periods presented. The results of operations for any interim period are not necessarily indicative of results expected for the full year or any future period. These unaudited condensed consolidated financial statements should be read in conjunction with the 2017 Annual Report filed with the SEC on March 14, 2018. Use of Estimates The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP. These accounting principles require management to make assumptions and estimates that affect the reported amounts and disclosures of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts and disclosures of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances. To the extent there are differences between those estimates and actual results, the unaudited condensed consolidated financial statements may be materially affected. Recently Issued Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) (“ASU 2016-02”). Under ASU 2016-02, an entity will be required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. ASU 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. There have been further amendments, including practical expedients, with the issuance of ASU 2018-01 in January 2018. The amended guidance is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, and requires a modified retrospective adoption, with early adoption permitted. The Company will adopt this guidance beginning with its first quarter ending March 31, 2019. The Company is in the process of evaluating the impact of the new standard on its statement of financial position, results of operations and cash flows. Recently Adopted Accounting Pronouncements ASU 2014-09, Revenue from Contracts with Customers (Topic 606) In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASC 606”). ASC 606 supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity is required to follow five steps which are comprised of (a) identifying the contract(s) with a customer; (b) identifying the performance obligations in the contract; (c) determining the transaction price; (d) allocating the transaction price to the performance obligations in the contract and (e) recognizing revenue when (or as) the entity satisfies a performance obligation. The Company adopted ASC 606 on January 1, 2018 using the modified retrospective transition method and recorded the cumulative effect to the Company’s opening accumulated deficit of $9.1 million, net of tax, representing: (i) the recognition of a contract liability associated with “open” or “non-completed” month-to-month and fixed term service contracts containing fees for installation related activities, (ii) the recognition of an asset for costs of obtaining contracts with customers, associated with “open” or “non-completed” month-to-month and fixed term service contracts, and (iii) the income tax impacts of items (i) and (ii) above. A completed contract is defined in ASC 606 as a contract for which the Company has recognized all or substantially all of the revenue under the previous revenue recognition rules. In addition to applying the new revenue recognition rules under ASC 606 only to open or non-completed contracts, the Company has elected to apply the practical expedient related to contract modifications and have not separately evaluated the effects of contract modifications prior to January 1, 2018 in determining the adjustment to the Company’s opening accumulated deficit. Prior to the adoption of ASC 606, the Company recognized revenue related to installation activities upfront to the extent of direct selling costs, which generally resulted in recognition of revenue when the installation related activities had been provided to the customer. Under ASC 606, the majority of the Company’s installation related activities are not considered to be separate performance obligations and non-refundable upfront fees related to installations are assessed to determine whether they provide the customer with a material right. Following the adoption of ASC 606, the Company began recognizing upfront fees for installation related activities as revenue (i) over the period which the customer is expected to benefit from the ability to avoid paying an additional fee upon renewal for month-to-month residential subscription service contracts and (ii) over the term of the contract for business subscription service contracts. In addition, the Company began recognizing an asset for costs associated with obtaining contracts with customers, including sales commissions, and amortizing these costs over the expected period of benefit. The following tables summarize the impacts of adopting ASC 606 on the Company’s condensed consolidated balance sheet and statement of operations as of and for the three months ended March 31, 2018. Condensed Consolidated Balance Sheet As of March 31, 2018 As reported Adjustments Without (in millions) Assets Current assets: Prepaid expenses and other $ $ ) $ Total current assets ) Other noncurrent assets ) Total assets $ $ ) $ Liabilities and Stockholders’ Deficit Current liabilities: Current portion of unearned service revenue $ $ ) $ Total current liabilities ) Deferred income taxes, net ) Other noncurrent liabilities ) Total liabilities ) Accumulated deficit ) ) ) Total stockholders’ deficit ) ) ) Total liabilities and stockholders’ deficit $ $ ) $ Condensed Consolidated Statement of Operations Three months ended March 31, 2018 As reported Adjustments Without (in millions) Revenue $ $ $ Costs and expenses: Selling, general and administrative Loss from operations ) ) ) Loss before provision for income taxes ) ) ) Net loss $ ) $ ) $ ) ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017-04 , Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment , which eliminates the requirement to determine the fair value of individual assets and liabilities of a reporting unit to measure goodwill impairment. Under the amendments in the new ASU, goodwill impairment testing will be performed by comparing the fair value of the reporting unit with its carrying amount and recognizing an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The new standard is effective for annual and interim goodwill impairment tests in fiscal years beginning after December 15, 2019, and should be applied on a prospective basis. Early adoption is permitted for annual or interim goodwill impairment testing performed after January 1, 2017. The Company early adopted this standard in the fourth quarter of 2017 in conjunction with its annual goodwill impairment assessment. ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory In October 2016, the FASB issued ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory (“ASU 2016-16”). ASU 2016-16 eliminates the current prohibition on the recognition of the income tax effects on the transfer of assets among subsidiaries. After adoption of this ASU, the income tax effects associated with these transfers, except for the transfer of inventory, will be recognized in the period the asset is transferred versus the current deferral and recognition upon either the sale of the asset to a third party or the remaining useful life of the asset. The standard became effective for the Company beginning January 1, 2018, and requires any deferred taxes not yet recognized on intra-entity transfers to be recorded to retained earnings under a modified retrospective approach. The adoption of this pronouncement did not have a material impact on the Company’s financial position, results of operations or cash flows. ASU 2016-15, Statement of Cash Flows (Topic 230) In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230) (“ASU 2016-15”), making changes to the classification of certain cash receipts and cash payments in order to reduce diversity in presentation. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The update addresses eight specific cash flow issues, of which only one is applicable to the Company’s financial statements. The adoption of this pronouncement did not have a material impact on the Company’s financial position, results of operations or cash flows.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Mar. 31, 2018
Revenue from Contracts with Customers
Revenue from Contracts with Customers	Note 3. Revenue from Contracts with Customers Residential and Business Subscription Services Residential and business subscription services revenue consists primarily of monthly recurring charges for HSD, Video, and Telephony services, including charges for equipment rentals and other regulatory fees, and non-recurring charges for optional services, such as pay-per-view, video-on-demand, and other events provided to the customer. Monthly charges for residential and business subscription services are billed in advance and recognized as revenue over the period of time the associated services are provided to the customer. Charges for optional services are generally billed in arrears and are recognized at the point in time when the services are provided to the customer. · HSD revenue consists primarily of fixed monthly fees for data service, including charges for rentals of modems, and revenue recognized related to non-recurring upfront fees associated with installation and other administrative activities provided to HSD customers. · Video revenue consists of fixed monthly fees for basic, premium and digital cable television services, including charges for rentals of video converter equipment and other regulatory fees, and revenue recognized related to non-recurring upfront fees associated with installation and other administrative activities provided to video customers, as well as non-recurring charges for optional services, such as pay-per-view, video-on-demand and other events provided to the customer. · Telephony revenue consists of fixed monthly fees for local services, including certain regulatory and ancillary customer fees, and enhanced services, such as call waiting and voice mail, revenue recognized related to non-recurring upfront fees associated with installation and other administrative activities provided to telephony customers as well as charges for measured and flat rate long-distance service. The vast majority of the Company’s residential customers can cancel their subscription services at any time without paying a termination penalty. While a portion of residential customers have entered into contracts for subscription services ranging from 12 months to 24 months in length, the Company recognizes revenue for these customers on a basis that is consistent with customers that have entered into month-to-month contracts as the early termination fees within these contracts are not considered to be substantive. The Company’s business customers have entered into non-cancellable contracts for subscription services averaging 30 months. The Company is required to pay certain cable franchising authorities an amount based on the percentage of gross revenue derived from video services. The Company generally passes these fees and other similar regulatory and ancillary fees on to the customer. Revenues from regulatory and other ancillary fees passed on to the customer are reported with the associated service revenue and the corresponding costs are reported as an operating expense. Bundled Subscription Services The Company often markets multiple subscription services as part of a bundled arrangement that may include a discount. When customers have entered into a bundled service arrangement, the total transaction price for the bundled arrangement is allocated between the separate services included in the bundle based on their relative stand-alone selling prices. The allocation of the transaction price in bundled services requires judgment, particularly in determining the stand-alone selling prices for the separate services included in the bundle. The stand-alone selling price for the majority of services are determined based on the prices at which the Company separately sells the service. For services sold on an infrequent basis and for a wide range of prices, the Company estimates stand-alone selling prices using the adjusted market assessment approach, which considers the prices of competitors for similar services. Other Business Services Revenue Other business services revenue consists primarily of monthly recurring charges for session initiates protocol, web hosting, metro Ethernet, wireless backhaul, broadband carrier, and cloud infrastructure services provided to business customers. Monthly charges for other business services are generally billed in advance and recognized as revenue when the associated services are provided to the customer. Other Revenue Other revenue consists primarily of revenue from line assurance warranty services provided to residential and business customers and revenue from advertising placement. Monthly charges for line assurance warranty services are generally billed in advance and recognized as revenue over the period of time the warranty services are provided to the customer. Charges for advertising placement are generally billed in arrears and recognized as revenue at the point in time when the advertising is distributed. Revenue by Service Offering Revenue by service offering is set forth in the table below: Three months ended March 31, 2018 (in millions) Residential Business Total HSD $ $ $ Video Telephony Total subscription services revenue $ $ $ Other business services revenue (a) — — Other revenue — — Total revenue $ (a) Includes wholesale and collocation revenue of $5.7 million. Costs of Obtaining Contracts with Customers The Company recognizes an asset for incremental costs of obtaining contracts with customers when it expects to recover those costs. Costs which would be incurred regardless of whether a contract is obtained are expensed as they are incurred. Costs of obtaining contracts with customers are amortized over the expected period of benefit, which generally ranges from three to four years for residential customers and six to seven years for business customers. As of March 31, 2018, the current portion of costs of obtaining contracts with customers of $2.8 million and non-current portion of costs of obtaining contracts with customers of $12.0 million are included in prepaid expenses and other and other noncurrent assets, respectively, in the Company’s condensed consolidated balance sheet. Amortization of costs of obtaining contracts with customers is included in selling, general and administrative expense in the Company’s condensed consolidated statement of operations. Contract Liabilities Monthly charges for residential and business subscription services are billed in advance and recorded as unearned service revenue. Residential and business customers may be charged non-recurring upfront fees associated with installation and other administrative activities. Charges for upfront fees associated with installation and other administrative activities are initially recorded as unearned services revenue and recognized as revenue over the expected period of benefit for residential customers, which has been estimated as 5 months, and over the contract term for business customers, which has been estimated as 30 months. The Company has estimated the expected period of benefit for residential customers based on consideration of quantitative and qualitative factors including the average installation fee charged, the average monthly revenue per customer, and customer behavior. As of March 31, 2018, the current portion of $3.5 million and the non-current portion of $0.5 million are included in current portion of unearned service revenue and other noncurrent liabilities, respectively, in the Company’s condensed consolidated balance sheet. Unsatisfied Performance Obligations Revenue from month-to-month residential subscription service contracts have historically represented a significant portion of the Company’s revenue and the Company expects that this will continue to be the case in future periods. The Company has elected to apply the practical expedient in paragraph 606-10-50-14(a) and has not disclosed revenue expected to be recognized in the future related to month-to-month residential subscription services. A summary of expected revenue to be recognized in future periods related to performance obligations which have not been satisfied or are partially unsatisfied as of March 31, 2018 is set forth in the table below: 2018 2019 2020 Thereafter Total (in millions) Subscription services $ $ $ $ $ Other business services Total expected revenue $ $ $ $ $

Plant, Property and Equipment,

Plant, Property and Equipment, Net	3 Months Ended
	Mar. 31, 2018
Plant, Property and Equipment, Net
Plant, Property and Equipment, Net	Note 4. Plant, Property and Equipment, Net Plant, property and equipment consisted of the following: March 31, December 31, (in millions) Distribution facilities $ $ Customer premise equipment Head-end equipment Telephony infrastructure Computer equipment and software Vehicles Buildings and leasehold improvements Office and technical equipment Land Construction in progress (including material inventory and other) Total plant, property and equipment Less accumulated depreciation ) ) Plant, Property and Equipment, Net $ $ Depreciation expense for the three months ended March 31, 2018 and 2017 was $45.7 million and $49.7 million, respectively. Included in depreciation expense were gains (losses) on write-offs or sales of head-end and customer premise equipment totaling nil and $0.3 million for the three months ended March 31, 2018 and 2017, respectively.

Asset Sales

Asset Sales	3 Months Ended
	Mar. 31, 2018
Asset Sales
Asset Sales	Note 5. Asset Sales Sale of Chicago Fiber Network On August 1, 2017, the Company entered into a definitive agreement to sell a portion of its fiber network in the Company’s Chicago market to a subsidiary of Verizon for $225.0 million in cash. On December 14, 2017, the Company finalized the sale by entering into an Asset Purchase Agreement (“APA”) with a subsidiary of Verizon. In addition to the APA, the Company and a subsidiary of Verizon entered into a Construction Services Agreement pursuant to which the Company will complete the build-out of the network in exchange for $50.0 million, which represents the estimated remaining build-out costs to complete the network. The $50.0 million will be payable as such network elements are completed. The Company anticipates such network will be completed in the first half of 2019. As a result of entering into the Construction Services Agreement, the Company concluded that the assets and liabilities associated with the build-out of the network met the criteria to be classified as held for sale. As of March 31, 2018, the Chicago fiber network has $16.3 million in total assets held for sale that are included in the accompanying condensed consolidated balance sheet which represents what the Company has spent on construction subsequent to the signing of the definitive agreement, less the costs of sites completed. For the three months ending March 31, 2018, the Company continued construction of the network elements under the Construction Services Agreement and plans to complete several elements during the second quarter of 2018. Sale of Lawrence, Kansas System On January 12, 2017, the Company and Midcontinent Communications (“MidCo”) consummated an asset purchase agreement under which MidCo acquired the Company’s Lawrence, Kansas system for net proceeds of approximately $213.0 million in cash, subject to certain normal and customary purchase price adjustments set forth in the agreement. As a result of the asset purchase agreement, the Company recorded a gain on sale of assets of $38.4 million. The results of the Company’s Lawrence, Kansas system for the first 12 days of fiscal 2017 are included in the unaudited condensed consolidated financial statements for the three months ended March 31, 2017, but not included in the three months ended March 31, 2018 unaudited condensed consolidated financial statements. The Company and MidCo also entered into a transition services agreement under which the Company provided certain services to MidCo on a transitional basis. The transition services agreement, originally expiring on July 1, 2017, was extended to September 28, 2017. Charges for the transition services generally allowed the Company to fully recover all allowed costs and allocated expenses incurred in connection with providing these services, generally without profit.

Franchise Operating Rights & Go

Franchise Operating Rights & Goodwill	3 Months Ended
	Mar. 31, 2018
Franchise Operating Rights & Goodwill
Franchise Operating Rights & Goodwill	Note 6. Franchise Operating Rights & Goodwill Changes in the carrying amounts of the Company’s franchise operating rights and goodwill during the three months ended March 31, 2018 are set forth below: December 31, Acquisitions Sales Impairment March 31, 2018 (in millions) Franchise operating rights $ — — $ $ Goodwill — — $ — — $ $ Due to the decline in the Company’s stock price during the three months ended March 31, 2018, the Company performed an evaluation of recoverability of its franchise operating rights and goodwill. Impaired Franchise Operating Rights Franchise operating rights are evaluated for impairment by comparing the carrying value of the intangible asset to its estimated fair value, utilizing both quantitative and qualitative methods, at the reporting unit level. Qualitative analysis is performed for franchise assets in the event the previous analysis indicates that there is a significant margin between the carrying value of franchise operating rights and the estimated fair value of those rights, and that it is more likely than not that the estimated fair value equals or exceeds carrying value. For franchise operating rights that were evaluated using quantitative analysis, the Company calculates the estimated fair value of franchise operating rights using the multi-period excess earnings method, an income approach, which calculates the estimated fair value of an intangible asset by discounting its future cash flows. The estimated fair value is determined based on discrete discounted future cash flows attributable to each franchise operating right intangible asset using assumptions consistent with internal forecasts. Key assumptions in estimating fair value under this method include, but are not limited to, revenue and subscriber growth rates (less anticipated customer churn), operating expenditures, capital expenditures (including any build out), market share achieved or market multiples, contributory asset charge rates, tax rates and a discount rate. The discount rate used in the model represents a weighted average cost of capital and the perceived risk associated with an intangible asset such as the Company’s franchise operating rights. Any excess of the carrying value of franchise operating rights over the estimated fair value is expensed as an impairment loss. As a result of the quantitative analysis, the carrying value of franchise operating rights exceeded the estimated fair value in four of the Company’s reporting units resulting in non-cash impairment charges of $3.2 million, $47.5 million, $77.5 million and $15.0 million in the Panama City, FL, Montgomery, AL, Huntsville, AL and Dothan, AL reporting units, respectively. The primary driver of the impairment charges was a decline in the price of the Company’s common stock, which reduced the market multiples utilized to determine estimated fair market values of indefinite-lived intangible assets in certain reporting units. The impairment charge does not have an impact on the Company’s intent and/or ability to renew or extend existing franchise operating rights. Impaired Goodwill Goodwill is evaluated for impairment at the reporting unit level utilizing both quantitative and qualitative methods. Qualitative analysis is performed for goodwill assets in the event the previous analysis indicates that there is a significant margin between carrying value of goodwill and estimated fair value, and that it is more likely than not that the estimated fair value equals or exceeds carrying value. For the quantitative evaluation of the Company’s goodwill, the Company utilizes both an income approach as well as a market approach. The income approach utilizes a discounted cash flow analysis to estimate the fair value of each reporting unit, while the market approach utilizes multiples derived from actual precedent transactions of similar businesses, the market value of the Company and market valuations of guideline public companies. Any excess of the carrying value of goodwill over the estimated fair value of goodwill is expensed as an impairment loss. As a result of the quantitative analysis, the carrying value of goodwill exceeded the estimated fair value in four of the Company’s reporting units resulting in non-cash impairment charges of $23.7 million, $16.7 million, $20.2 million and $52.6 million in the Panama City, FL, Huntsville, AL, Augusta, GA and Chicago, IL reporting units, respectively. The primary driver of the impairment charges was a decline in the price of the Company’s common stock, which reduced the market multiples utilized to determine estimated fair market values of goodwill in certain reporting units.

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Mar. 31, 2018
Accrued Liabilities
Accrued Liabilities	Note 7. Accrued Liabilities Accrued liabilities consist of the following: March 31, December 31, (in millions) Programming costs $ $ Franchise, copyright and revenue sharing fees Payroll and employee benefits Construction Property, income, sales and use taxes Utility pole rentals Legal and professional fees Other accrued liabilities Accrued Liabilities $ $

Long-Term Debt and Capital Leas

Long-Term Debt and Capital Leases	3 Months Ended
	Mar. 31, 2018
Long-Term Debt and Capital Leases
Long-Term Debt and Capital Leases	Note 8. Long-Term Debt and Capital Leases The following table summarizes the Company’s long-term debt and capital leases: March 31, 2018 December 31, Available borrowing Effective Outstanding Outstanding (in millions) Long-term debt: Term B Loans (2) $ — % $ $ Revolving Credit Facility (3) % — — Total long-term debt $ Capital lease obligations Total long-term debt and capital lease obligations Less debt issuance costs (4) ) ) Sub-total Less current portion ) ) Long-term portion $ $ (1) Represents the effective interest rate in effect for all borrowings outstanding as of March 31, 2018 pursuant to each debt instrument including the applicable margin. (2) At March 31, 2018 includes $12.3 million of net discounts. (3) Available borrowing capacity at March 31, 2018 represents $300.0 million of total availability less outstanding letters of credit of $7.2 million. Letters of credit are used in the ordinary course of business and are released when the respective contractual obligations have been fulfilled by the Company. (4) At March 31, 2018, debt issuance costs include $8.9 million related to Term B Loans and $3.4 million related to Revolving Credit Facility. Refinancing of the Term B Loans and Revolving Credit Facility On July 17, 2017, the Company entered into an eighth amendment (“Eighth Amendment”) to its Credit Agreement, with JPMorgan Chase Bank, N.A., as the administrative agent and revolver agent. Under the Eighth Amendment, (i) the Company borrowed new Term B loans in an aggregate principal amount of $230.5 million, for a total outstanding Term B loan principal amount of $2.28 billion and (ii) the revolving credit commitments were increased by an aggregate principal amount of $100.0 million, for a total outstanding revolving credit commitment of $300.0 million available to the Company under the revolving credit facility. The new Term B loans will mature on August 19, 2023 and bear interest, at the Company’s option, at a rate equal to ABR plus 2.25% or LIBOR plus 3.25%. Loans under the revolving credit facility will mature on May 31, 2022 and bear interest, at the Company’s option, at a rate equal to ABR plus 2.00% or LIBOR plus 3.00%. The guarantees, collateral and covenants in the Eighth Amendment remain unchanged from those contained in the credit agreement prior to the Eighth Amendment. As of March 31, 2018, the Company was in compliance with all debt covenants. On May 31, 2017, the Company entered into a seventh amendment (“Seventh Amendment”) to its Credit Agreement. The Seventh Amendment (i) refinanced the then-existing $200.0 million of borrowings available to the Company under the revolving credit facility and (ii) extended the maturity date of the revolving credit facility to May 31, 2022, unless an earlier date was triggered under certain circumstances. The interest rate margins applicable to the revolving credit facility bore interest at a rate equal to ABR plus 2.00% or LIBOR plus 3.00%. Additionally, the Company entered into an Incremental Commitment Letter to its revolving credit facility that increased the available borrowings to $300.0 million that became available upon compliance by the Company with certain conditions (see redemption of 10.25% senior notes whereby such conditionality was subsequently achieved as a result of the Eighth Amendment). The guarantees, collateral and covenants in the Seventh Amendment remained unchanged from those contained in the credit agreement prior to the Seventh Amendment. On August 19, 2016, the Company entered into a sixth amendment (“Sixth Amendment”) to its Credit Agreement. The Sixth Amendment provided for the addition of a $2.065 billion seven year Term B Loan which bore interest at LIBOR plus 3.50% or ABR plus 2.50% and included a 1.00% LIBOR floor. The Term B Loan had a maturity date of August 19, 2023, unless the earlier maturity dates set forth below was triggered under the following circumstances: (a) April 15, 2019 if (i) any of the Company’s existing outstanding Senior Notes were outstanding on April 15, 2019, or (ii) any future indebtedness with a final maturity date prior to the date that is 91 days after August 19, 2023 was incurred to refinance the Company’s existing Senior Notes or (b) July 15, 2019 if (i) any of the Company’s existing Senior Subordinated Notes were outstanding on July 15, 2019, or (ii) any indebtedness with a final maturity prior to the date that is 91 days after August 19, 2023 was incurred to refinance the Company’s existing Senior Subordinated Notes. As described below, the Senior Subordinated Notes were fully redeemed on December 18, 2016 and the Senior Notes were fully redeemed on July 17, 2017. On May 11, 2016, the Company entered into a fifth amendment (“Fifth Amendment”) to its Credit Agreement. The Fifth Amendment provided for the addition of an incremental $432.5 million Term B Loan with a maturity date of April 2019 and which bore interest, at the Company’s option, at LIBOR plus 3.50% or ABR plus 2.50% and included a 1.00% LIBOR floor. Proceeds from the issuance of the Term B Loans were used to repay all remaining $382.5 million outstanding principal under the Company’s Term B-1 Loans which had a maturity date of July 2017 and which bore interest at LIBOR plus 3.00% or ABR plus 2.00% and included a 0.75% LIBOR floor. Redemption of 10.25% Senior Notes On March 20, 2017, the Company utilized cash on hand to redeem $95.1 million in aggregate principal amount outstanding of the 10.25% Senior Notes due 2019 (“Senior Notes”). In addition to the partial redemption, the Company paid accrued interest on the Senior Notes of $1.7 million and a call premium of $4.9 million. The Company recorded a loss on early extinguishment of debt of $5.0 million, primarily representing the cash call premium paid. On July 17, 2017, the Company used the proceeds of the new Term B loans under the Eighth Amendment, and borrowed $180.0 million under its revolving credit facility and cash on hand to fully redeem all of the Company’s remaining outstanding Senior Notes and to pay certain fees and expenses. In connection with the redemption of the Senior Notes, the Company satisfied and discharged the indenture governing the Senior Notes. The Company paid $729.9 million in principal amount, incurred prepayment fees of $18.7 million and paid accrued interest of $37.6 million.

Equity

Equity	3 Months Ended
	Mar. 31, 2018
Equity
Equity	Note 9. Equity Initial Public Offering On May 25, 2017, the Company completed an IPO of shares of its common stock, which are listed on the NYSE under the ticker symbol “WOW”. The Company sold 20,970,589 shares of its common stock at a price of $17 per share (including the exercise of the overallotment) for $356.5 million in gross proceeds. The Company incurred costs directly associated with the IPO of $22.5 million, resulting in proceeds from the IPO (net of issuance costs) of $334.0 million. Outstanding shares and per-share amounts disclosed as of March 31, 2018 and for all other comparative periods presented have been retroactively adjusted to reflect the effects of the May 25, 2017, 66,498.762 to 1 stock-split. Common Stock The following represents the Company’s purchase of WOW common stock during the three months ended March 31, 2018. The shares are reflected as treasury stock in the Company’s condensed consolidated balance sheet. Three months ended Shares Share buybacks Income tax withholding On December 14, 2017, the Company’s Board of Directors authorized the Company to purchase up to $50.0 million of its outstanding common stock. The Company completed the buyback program on March 26, 2018, with total common stock shares repurchased of 5.1 million. The Company has the authority to reissue shares repurchased under the buyback program.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2018
Stock-Based Compensation
Stock-Based Compensation	Note 10. Stock-Based Compensation WOW’s 2017 Omnibus Incentive Plan provides for grants of stock options, restricted stock and performance awards. The Company’s directors, officers and other employees and persons who engage in services for the Company are eligible for grants under the 2017 Omnibus Incentive Plan. The 2017 Omnibus Incentive Plan has authorized 6,355,054 shares of common stock to be available for issuance, subject to adjustment in the event of a reorganization, stock split, merger or similar change in the Company’s corporate structure of the outstanding shares of common stock. The following table summarizes the restricted stock activity during the three months ended March 31, 2018. Number of Granted (1) Cancelled — Forfeited ) Vested (1) The total outstanding non-vested shares of restricted stock awards granted to employees and directors are included in total outstanding shares as of March 31, 2018. For restricted stock awards that contain only service conditions for vesting, the Company calculates the award fair value based on the closing stock price on the accounting grant date. Restricted stock generally vests ratably over a three year period based on the date of grant. Included in the unvested grants are the short term grants that replaced the 2017 Management Bonus Plan, which provided for incentive cash bonuses for the majority of the Company’s employees based upon the achievement of certain business and individual or department objectives, including most prominently adjusted consolidated earnings before interest, tax, depreciation and amortization. Such grants in aggregate totaled 866,708 shares and will vest 100% on June 30, 2018 assuming the participant continues to be employed by the Company. For the three months ended March 31, 2018 and 2017, the Company recorded $4.3 million and $0.5 million, respectively, of non-cash stock-based compensation expense which is reflected in selling, general and administrative expense and operating expenses (excluding depreciation and amortization), depending on the recipients’ duties, in the Company’s unaudited condensed consolidated statements of operations.

Earnings (Loss) per Common Shar

Earnings (Loss) per Common Share	3 Months Ended
	Mar. 31, 2018
Earnings (Loss) per Common Share
Earnings (Loss) per Common Share	Note 11. Earnings (Loss) per Common Share Basic earnings or loss per share attributable to the Company’s common shareholders is computed by dividing net earnings or loss attributable to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings or loss per share attributable to common shareholders presents the dilutive effect, if any, on a per share basis of potential common shares (such as restricted stock units) as if they had been vested or converted during the periods presented. No such items were included in the computation of diluted loss per share for the three months ended March 31, 2018 because the Company incurred a net loss in the period and the effect of inclusion would have been anti-dilutive. All of the shares outstanding and per share amounts have been retroactively adjusted to reflect the stock-split in the accompanying unaudited condensed consolidated financial statements. Three months 2018 2017 (in millions, except for per share data) Net (loss) income $ ) $ Basic weighted-average shares Effect of dilutive securities: Restricted stock awards — Diluted weighted-average shares Basic net (loss) income per share $ ) $ Diluted net (loss) income per share $ ) $

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2018
Fair Value Measurements
Fair Value Measurements	Note 12. Fair Value Measurements The fair values of cash and cash equivalents, receivables, trade payables, short-term borrowings and the current portions of long-term debt approximate carrying values due to the short-term nature of these instruments. For assets and liabilities of a long-term nature, the Company determines fair value based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. Market or observable inputs are the preferred source of values, followed by unobservable inputs or assumptions based on hypothetical transactions in the absence of market inputs. The Company applies the following hierarchy in determining fair value: · Level 1, defined as observable inputs being quoted prices in active markets for identical assets; · Level 2, defined as observable inputs other than quoted prices included in Level 1, including quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and · Level 3, defined as unobservable inputs for which little or no market data exists, consistent with reasonably available assumptions made by other participants therefore requiring assumptions based on the best information available. The estimated fair value of the Company’s long-term debt, which includes debt subject to the effects of interest rate risk, was based on dealer quotes considering current market rates and was approximately $2,220.4 million compared to carrying value of $2,268.6 million, not including debt issuance costs, discount and premium as of March 31, 2018. As the Company’s ratio of its aggregate debt balance has trended from quoted market prices in active markets to quoted prices in non-active markets, the Company has concluded that the fair value of debt should be classified as a Level 2. There were no transfers into or out of Level 1, 2 or 3 during the three months ended March 31, 2018.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Taxes
Income Taxes	Note 13. Income Taxes The Company accounts for income taxes under the asset and liability method. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the difference is expected to reverse. Additionally, the impact of changes in the tax rates and laws on deferred taxes, if any, is reflected in the condensed consolidated financial statements in the period of enactment. The Company assesses the available positive and negative evidence to estimate whether sufficient taxable income will be generated to permit the utilization of existing deferred tax assets. On the basis of this evaluation, as of March 31, 2018, a valuation allowance of $64.9 million remains recorded to recognize only the portion of the deferred tax asset that is more likely than not to be realized. The valuation allowance is based on the Company’s existing positive and negative evidence. The amount of the deferred tax assets considered realizable, however, could be adjusted if estimates of future taxable income during the carryforward period are reduced or increased based on the Company’s future operating results. The Company reported total income tax benefit of $41.2 million and $23.9 million for the three months ended March 31, 2018 and 2017, respectively. In the current period, the Company recorded a non-cash impairment charge of $256.4 million related to franchise operating rights and goodwill. As a result of this impairment, the Company has recorded an income tax benefit of approximately $46.1 million. The Company files income tax returns in the U.S. federal jurisdiction, and various state jurisdictions. For federal tax purposes, the Company’s 2014 through 2017 tax years remain open for examination by the tax authorities under the normal three year statute of limitations. Generally, for state tax purposes, the Company’s 2014 through 2017 tax years remain open for examination by the tax authorities under a three year statute of limitations. Should the Company utilize any of its U.S. or state loss carryforwards, their carryforward losses, which date back to 1995, would be subject to examination. As of March 31, 2018, the Company recorded gross unrecognized tax benefits of $27.1 million, all of which, if recognized, would affect the Company’s effective tax rate. Interest and penalties related to income tax liabilities, if incurred, are included in income tax benefit (expense) in the condensed consolidated statement of operations. The Company has accrued gross interest and penalties of $1.5 million. The Company believes that an adequate provision has been made for any adjustments that may result from tax examinations. However, the outcome of tax audits cannot be predicted with certainty. If any issues are addressed in the Company’s tax audits in a manner not consistent with management’s expectations, the Company could be required to adjust its provision for income taxes in the period such resolution occurs. Unrecognized tax benefits consist primarily of tax positions related to issues associated with the Restructuring of WOW Finance and the acquisition of Knology, Inc. Depending on the resolution with certain state taxing authorities that is expected to occur within the next twelve months, there could be an adjustment to the Company’s unrecognized tax benefits and certain state tax matters. The Company is not currently under examination for U.S. federal income tax purposes, but does have various open tax controversy matters with various state taxing authorities.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies
Commitments and Contingencies	Note 14. Commitments and Contingencies The Company is party to various legal proceedings (including individual, class and putative class actions) arising in the normal course of its business covering a wide range of matters and types of claims including, but not limited to, general contracts, billing disputes, rights of access, programming, taxes, fees and surcharges, consumer protection, trademark and patent infringement, employment, regulatory, tort, claims of competitors and disputes with other carriers. In accordance with GAAP, WOW accrues an expense for pending litigation when it determines that an unfavorable outcome is probable and the amount of the loss can be reasonably estimated. Legal defense costs are expensed as incurred. None of the Company’s existing accruals for pending matters are material. WOW regularly monitors its pending litigation for the purpose of adjusting its accruals and revising its disclosures accordingly, in accordance with GAAP, when required. Litigation is, however, subject to uncertainty, and the outcome of any particular matter is not predictable. The Company vigorously defends its interests in pending litigation, and as of this date, WOW believes that the ultimate resolution of all such matters, after considering insurance coverage or other indemnities to which it is entitled, will not have a material adverse effect on its unaudited condensed consolidated financial position, results of operations, or cash flows.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2018
Related Party Transactions
Related Party Transactions	Note 15. Related Party Transactions Prior to the Company’s IPO, the Company paid a quarterly management fee of $0.4 million plus travel and miscellaneous expenses, if any, to Avista Capital Partners (“Avista”) and Crestview Advisors, LLC (“Crestview”), majority owners of the Company’s former Parent. In addition, pursuant to a consulting agreement dated as of December 18, 2015 by and among Parent, Avista and Crestview, Crestview is entitled to 50% of any management fee actually received by Avista. Such fee will no longer be paid in future periods. The management fee paid by the Company for the three months ended March 31, 2018 and 2017 amounted to nil and $0.5 million, respectively. As of March 31, 2018, approximately 62% of outstanding common shares were held by Avista and Crestview.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2018
Subsequent Events
Subsequent Events	Note 16. Subsequent Events Subsequent to the end of the quarter, the Company entered into interest rate swap agreements for a notional amount covering approximately 60% of the outstanding principal balance of the Company’s floating rate debt to mitigate the risk of rising interest rates.

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Summary of Significant Accounting Policies
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation Subsequent to the Restructuring, the financial statements and notes to financial statements presented herein include the consolidated accounts of WOW and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company operates as one operating segment. Certain reclassifications have been made to prior period amounts to conform to the current period financial statement presentation with no effect on the Company’s previously reported results of operations, financial position, or cash flows. Certain employees of WOW participated in equity plans administered by the Company’s former Parent. Because the management units from the equity plan were issued from the former Parent’s ownership structure, the management units’ value directly correlated to the results of WOW, as the primary asset of the former Parent’s investment in WOW. The management units for the equity plan have been “pushed down” to the Company, as the management units had been utilized as equity-based compensation for WOW management. Immediately prior to the Company’s IPO, these management units were cancelled. The unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission (“SEC”); however, in our opinion, the disclosures made are adequate to make the information presented not misleading. The year-end consolidated balance sheet was derived from audited financial statements. In the opinion of management, all normally recurring adjustments considered necessary for the fair presentation of the financial statements have been included, and the financial statements present fairly the financial position and results of operations for the interim periods presented. The results of operations for any interim period are not necessarily indicative of results expected for the full year or any future period. These unaudited condensed consolidated financial statements should be read in conjunction with the 2017 Annual Report filed with the SEC on March 14, 2018.
Use of Estimates	Use of Estimates The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP. These accounting principles require management to make assumptions and estimates that affect the reported amounts and disclosures of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts and disclosures of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances. To the extent there are differences between those estimates and actual results, the unaudited condensed consolidated financial statements may be materially affected.
Recently Issued Accounting Standards and Recently Adopted Accounting Pronouncements	Recently Issued Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) (“ASU 2016-02”). Under ASU 2016-02, an entity will be required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. ASU 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. There have been further amendments, including practical expedients, with the issuance of ASU 2018-01 in January 2018. The amended guidance is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, and requires a modified retrospective adoption, with early adoption permitted. The Company will adopt this guidance beginning with its first quarter ending March 31, 2019. The Company is in the process of evaluating the impact of the new standard on its statement of financial position, results of operations and cash flows. Recently Adopted Accounting Pronouncements ASU 2014-09, Revenue from Contracts with Customers (Topic 606) In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASC 606”). ASC 606 supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity is required to follow five steps which are comprised of (a) identifying the contract(s) with a customer; (b) identifying the performance obligations in the contract; (c) determining the transaction price; (d) allocating the transaction price to the performance obligations in the contract and (e) recognizing revenue when (or as) the entity satisfies a performance obligation. The Company adopted ASC 606 on January 1, 2018 using the modified retrospective transition method and recorded the cumulative effect to the Company’s opening accumulated deficit of $9.1 million, net of tax, representing: (i) the recognition of a contract liability associated with “open” or “non-completed” month-to-month and fixed term service contracts containing fees for installation related activities, (ii) the recognition of an asset for costs of obtaining contracts with customers, associated with “open” or “non-completed” month-to-month and fixed term service contracts, and (iii) the income tax impacts of items (i) and (ii) above. A completed contract is defined in ASC 606 as a contract for which the Company has recognized all or substantially all of the revenue under the previous revenue recognition rules. In addition to applying the new revenue recognition rules under ASC 606 only to open or non-completed contracts, the Company has elected to apply the practical expedient related to contract modifications and have not separately evaluated the effects of contract modifications prior to January 1, 2018 in determining the adjustment to the Company’s opening accumulated deficit. Prior to the adoption of ASC 606, the Company recognized revenue related to installation activities upfront to the extent of direct selling costs, which generally resulted in recognition of revenue when the installation related activities had been provided to the customer. Under ASC 606, the majority of the Company’s installation related activities are not considered to be separate performance obligations and non-refundable upfront fees related to installations are assessed to determine whether they provide the customer with a material right. Following the adoption of ASC 606, the Company began recognizing upfront fees for installation related activities as revenue (i) over the period which the customer is expected to benefit from the ability to avoid paying an additional fee upon renewal for month-to-month residential subscription service contracts and (ii) over the term of the contract for business subscription service contracts. In addition, the Company began recognizing an asset for costs associated with obtaining contracts with customers, including sales commissions, and amortizing these costs over the expected period of benefit. The following tables summarize the impacts of adopting ASC 606 on the Company’s condensed consolidated balance sheet and statement of operations as of and for the three months ended March 31, 2018. Condensed Consolidated Balance Sheet As of March 31, 2018 As reported Adjustments Without (in millions) Assets Current assets: Prepaid expenses and other $ $ ) $ Total current assets ) Other noncurrent assets ) Total assets $ $ ) $ Liabilities and Stockholders’ Deficit Current liabilities: Current portion of unearned service revenue $ $ ) $ Total current liabilities ) Deferred income taxes, net ) Other noncurrent liabilities ) Total liabilities ) Accumulated deficit ) ) ) Total stockholders’ deficit ) ) ) Total liabilities and stockholders’ deficit $ $ ) $ Condensed Consolidated Statement of Operations Three months ended March 31, 2018 As reported Adjustments Without (in millions) Revenue $ $ $ Costs and expenses: Selling, general and administrative Loss from operations ) ) ) Loss before provision for income taxes ) ) ) Net loss $ ) $ ) $ ) ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017-04 , Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment , which eliminates the requirement to determine the fair value of individual assets and liabilities of a reporting unit to measure goodwill impairment. Under the amendments in the new ASU, goodwill impairment testing will be performed by comparing the fair value of the reporting unit with its carrying amount and recognizing an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The new standard is effective for annual and interim goodwill impairment tests in fiscal years beginning after December 15, 2019, and should be applied on a prospective basis. Early adoption is permitted for annual or interim goodwill impairment testing performed after January 1, 2017. The Company early adopted this standard in the fourth quarter of 2017 in conjunction with its annual goodwill impairment assessment. ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory In October 2016, the FASB issued ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory (“ASU 2016-16”). ASU 2016-16 eliminates the current prohibition on the recognition of the income tax effects on the transfer of assets among subsidiaries. After adoption of this ASU, the income tax effects associated with these transfers, except for the transfer of inventory, will be recognized in the period the asset is transferred versus the current deferral and recognition upon either the sale of the asset to a third party or the remaining useful life of the asset. The standard became effective for the Company beginning January 1, 2018, and requires any deferred taxes not yet recognized on intra-entity transfers to be recorded to retained earnings under a modified retrospective approach. The adoption of this pronouncement did not have a material impact on the Company’s financial position, results of operations or cash flows. ASU 2016-15, Statement of Cash Flows (Topic 230) In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230) (“ASU 2016-15”), making changes to the classification of certain cash receipts and cash payments in order to reduce diversity in presentation. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The update addresses eight specific cash flow issues, of which only one is applicable to the Company’s financial statements. The adoption of this pronouncement did not have a material impact on the Company’s financial position, results of operations or cash flows.

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
ASU 2014-09
Recently Adopted Accounting Pronouncements
Summary of impacts of adopting ASC 606 on condensed consolidated balance sheet and statement of operations	Condensed Consolidated Balance Sheet As of March 31, 2018 As reported Adjustments Without (in millions) Assets Current assets: Prepaid expenses and other $ $ ) $ Total current assets ) Other noncurrent assets ) Total assets $ $ ) $ Liabilities and Stockholders’ Deficit Current liabilities: Current portion of unearned service revenue $ $ ) $ Total current liabilities ) Deferred income taxes, net ) Other noncurrent liabilities ) Total liabilities ) Accumulated deficit ) ) ) Total stockholders’ deficit ) ) ) Total liabilities and stockholders’ deficit $ $ ) $ Condensed Consolidated Statement of Operations Three months ended March 31, 2018 As reported Adjustments Without (in millions) Revenue $ $ $ Costs and expenses: Selling, general and administrative Loss from operations ) ) ) Loss before provision for income taxes ) ) ) Net loss $ ) $ ) $ )

Revenue from Contracts with C26

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue from Contracts with Customers
Schedule of revenue by service offering	Three months ended March 31, 2018 (in millions) Residential Business Total HSD $ $ $ Video Telephony Total subscription services revenue $ $ $ Other business services revenue (a) — — Other revenue — — Total revenue $ (a) Includes wholesale and collocation revenue of $5.7 million.
Summary of expected revenue to be recognized in future periods related to performance obligations which have not been satisfied or are partially unsatisfied	A summary of expected revenue to be recognized in future periods related to performance obligations which have not been satisfied or are partially unsatisfied as of March 31, 2018 is set forth in the table below: 2018 2019 2020 Thereafter Total (in millions) Subscription services $ $ $ $ $ Other business services Total expected revenue $ $ $ $ $

Plant, Property and Equipment27

Plant, Property and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2018
Plant, Property and Equipment, Net
Schedule of plant, property and equipment	March 31, December 31, (in millions) Distribution facilities $ $ Customer premise equipment Head-end equipment Telephony infrastructure Computer equipment and software Vehicles Buildings and leasehold improvements Office and technical equipment Land Construction in progress (including material inventory and other) Total plant, property and equipment Less accumulated depreciation ) ) Plant, Property and Equipment, Net $ $

Franchise Operating Rights & 28

Franchise Operating Rights & Goodwill (Tables)	3 Months Ended
	Mar. 31, 2018
Franchise Operating Rights & Goodwill
Schedule of changes in the carrying amounts of franchise operating rights and goodwill	December 31, Acquisitions Sales Impairment March 31, 2018 (in millions) Franchise operating rights $ — — $ $ Goodwill — — $ — — $ $

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2018
Accrued Liabilities
Schedule of accrued liabilities	March 31, December 31, (in millions) Programming costs $ $ Franchise, copyright and revenue sharing fees Payroll and employee benefits Construction Property, income, sales and use taxes Utility pole rentals Legal and professional fees Other accrued liabilities Accrued Liabilities $ $

Long-Term Debt and Capital Le30

Long-Term Debt and Capital Leases (Tables)	3 Months Ended
	Mar. 31, 2018
Long-Term Debt and Capital Leases
Summary of long-term debt and capital leases	March 31, 2018 December 31, Available borrowing Effective Outstanding Outstanding (in millions) Long-term debt: Term B Loans (2) $ — % $ $ Revolving Credit Facility (3) % — — Total long-term debt $ Capital lease obligations Total long-term debt and capital lease obligations Less debt issuance costs (4) ) ) Sub-total Less current portion ) ) Long-term portion $ $ (1) Represents the effective interest rate in effect for all borrowings outstanding as of March 31, 2018 pursuant to each debt instrument including the applicable margin. (2) At March 31, 2018 includes $12.3 million of net discounts. (3) Available borrowing capacity at March 31, 2018 represents $300.0 million of total availability less outstanding letters of credit of $7.2 million. Letters of credit are used in the ordinary course of business and are released when the respective contractual obligations have been fulfilled by the Company. (4) At March 31, 2018, debt issuance costs include $8.9 million related to Term B Loans and $3.4 million related to Revolving Credit Facility.

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2018
Equity
Schedule of purchase of common stock	Three months ended Shares Share buybacks Income tax withholding

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2018
Stock-Based Compensation
Summary of the restricted stock awards activity	The following table summarizes the restricted stock activity during the three months ended March 31, 2018. Number of Granted (1) Cancelled — Forfeited ) Vested (1) The total outstanding non-vested shares of restricted stock awards granted to employees and directors are included in total outstanding shares as of March 31, 2018.

Earnings (Loss) per Common Sh33

Earnings (Loss) per Common Share (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings (Loss) per Common Share
Schedule of computation of income per share	Three months 2018 2017 (in millions, except for per share data) Net (loss) income $ ) $ Basic weighted-average shares Effect of dilutive securities: Restricted stock awards — Diluted weighted-average shares Basic net (loss) income per share $ ) $ Diluted net (loss) income per share $ ) $

General Information (Details)

General Information (Details)	3 Months Ended
	Mar. 31, 2018item
General Information
Number of markets in which high-speed data, video, and telephony services are provided	19

Summary of Significant Accoun35

Summary of Significant Accounting Policies - Consolidation and Basis of Presentation (Details)	3 Months Ended
	Mar. 31, 2018segment
Principles of Consolidation and Basis of Presentation
Number of operating segments	1

Summary of Significant Accoun36

Summary of Significant Accounting Policies - ASC 606 Practical Expedient (Details)	3 Months Ended
	Mar. 31, 2018
Summary of Significant Accounting Policies
Revenue, Practical Expedient, Initial Application and Transition, Nonrestatement of Modified Contract	true
Revenue, Practical Expedient, Remaining Performance Obligation	true

Summary of Significant Accoun37

Summary of Significant Accounting Policies - ASC 606 Impact on Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2018		Jan. 01, 2018	Dec. 31, 2017
Current assets:
Prepaid expenses and other	$ 16.4			$ 12.2
Total current assets	125.3			165.2
Other noncurrent assets	21.4			9.7
Total assets	2,165			2,441.6
Current liabilities
Current portion of unearned service revenue	46.2			43.2
Total current liabilities	195.4			191.4
Deferred income taxes, net	178.4			220.4
Other noncurrent liabilities	7.8			7
Total liabilities	2,604.1			2,646
Accumulated deficit	(694)			(500.4)
Total stockholders' deficit	(439.1)	[1]		(204.4)
Total liabilities and stockholders' deficit	2,165			$ 2,441.6
ASU 2014-09 | Adjustments
Current assets:
Prepaid expenses and other	(2.8)
Total current assets	(2.8)
Other noncurrent assets	(12)
Total assets	(14.8)
Current liabilities
Current portion of unearned service revenue	(3.5)
Total current liabilities	(3.5)
Deferred income taxes, net	(0.2)
Other noncurrent liabilities	(0.5)
Total liabilities	(4.2)
Accumulated deficit	(10.6)		$ 9.1
Total stockholders' deficit	(10.6)
Total liabilities and stockholders' deficit	(14.8)
ASU 2014-09 | Without adoption of Topic 606
Current assets:
Prepaid expenses and other	13.6
Total current assets	122.5
Other noncurrent assets	9.4
Total assets	2,150.2
Current liabilities
Current portion of unearned service revenue	42.7
Total current liabilities	191.9
Deferred income taxes, net	178.2
Other noncurrent liabilities	7.3
Total liabilities	2,599.9
Accumulated deficit	(704.6)
Total stockholders' deficit	(449.7)
Total liabilities and stockholders' deficit	$ 2,150.2
[1]	Included in outstanding shares as of March 31, 2018 are 2,545,272 non-vested shares of restricted stock awards granted to employees and directors.

Summary of Significant Accoun38

Summary of Significant Accounting Policies - ASC 606 Impact on Statement Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenue
Revenue	$ 285.5	$ 300
Costs and expenses:
Selling, general and administrative	39.7	30.3
Total costs and expenses	500.3	240.9
Loss from operations	(214.8)	59.1
Loss before provision for income taxes	(243.9)	48.5
Net loss	(202.7)	$ 72.4
ASU 2014-09 | Adjustments
Revenue
Revenue	1.9
Costs and expenses:
Selling, general and administrative	3.4
Total costs and expenses	3.4
Loss from operations	(1.5)
Loss before provision for income taxes	(1.5)
Net loss	(1.5)
ASU 2014-09 | Without adoption of Topic 606
Revenue
Revenue	287.4
Costs and expenses:
Selling, general and administrative	43.1
Total costs and expenses	503.7
Loss from operations	(216.3)
Loss before provision for income taxes	(245.4)
Net loss	$ (204.2)

Revenue from Contracts with C39

Revenue from Contracts with Customers - Services Length (Details)	3 Months Ended
	Mar. 31, 2018
Business Subscription
Revenue from Contracts with Customers
Subscription services, contract term	30 months
Minimum | Residential Subscription
Revenue from Contracts with Customers
Subscription services, contract term	12 months
Maximum | Residential Subscription
Revenue from Contracts with Customers
Subscription services, contract term	24 months

Revenue from Contracts with C40

Revenue from Contracts with Customers - Revenue by Service Offering (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenue from Contracts with Customers
Total subscription services revenue	$ 263.5
Other business services revenue	7.2
Other revenue	14.8
Total revenue	285.5	$ 300
HSD
Revenue from Contracts with Customers
Total subscription services revenue	111.7
Video
Revenue from Contracts with Customers
Total subscription services revenue	121.8
Telephony
Revenue from Contracts with Customers
Total subscription services revenue	30
Wholesale and collocation revenue
Revenue from Contracts with Customers
Total subscription services revenue	5.7
Residential Subscription
Revenue from Contracts with Customers
Total subscription services revenue	232.1
Residential Subscription | HSD
Revenue from Contracts with Customers
Total subscription services revenue	94.3
Residential Subscription | Video
Revenue from Contracts with Customers
Total subscription services revenue	118.5
Residential Subscription | Telephony
Revenue from Contracts with Customers
Total subscription services revenue	19.3
Business Subscription
Revenue from Contracts with Customers
Total subscription services revenue	31.4
Business Subscription | HSD
Revenue from Contracts with Customers
Total subscription services revenue	17.4
Business Subscription | Video
Revenue from Contracts with Customers
Total subscription services revenue	3.3
Business Subscription | Telephony
Revenue from Contracts with Customers
Total subscription services revenue	$ 10.7

Revenue from Contracts with C41

Revenue from Contracts with Customers - Costs of Obtaining Contracts (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Prepaid expenses and other
Costs of Obtaining Contracts with Customers
Current portion of costs of obtaining contracts with customers	$ 2.8
Other noncurrent assets
Costs of Obtaining Contracts with Customers
Non-current portion of costs of obtaining contracts with customers	$ 12
Residential Subscription | Minimum
Costs of Obtaining Contracts with Customers
Costs of contracts with customers, amortization period	3 years
Residential Subscription | Maximum
Costs of Obtaining Contracts with Customers
Costs of contracts with customers, amortization period	4 years
Business Subscription | Minimum
Costs of Obtaining Contracts with Customers
Costs of contracts with customers, amortization period	6 years
Business Subscription | Maximum
Costs of Obtaining Contracts with Customers
Costs of contracts with customers, amortization period	7 years

Revenue from Contracts with C42

Revenue from Contracts with Customers - Contract Liabilities (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Unearned service revenue
Costs of Obtaining Contracts with Customers
Current portion of contract liabilities	$ 3.5
Other noncurrent liabilities
Costs of Obtaining Contracts with Customers
Non-current portion of contract liabilities	$ 0.5
Residential Subscription
Costs of Obtaining Contracts with Customers
Contract liability, term of contract	5 months
Business Subscription
Costs of Obtaining Contracts with Customers
Contract liability, term of contract	30 days

Revenue from Contracts with C43

Revenue from Contracts with Customers - Unsatisfied Performance Obligations (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	$ 137.6
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-04-01
Unsatisfied Performance Obligations
Expected period to recognize revenue of remaining performance obligations	9 months
Expected revenue to be recognized in future periods	$ 75
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01
Unsatisfied Performance Obligations
Expected period to recognize revenue of remaining performance obligations	12 months
Expected revenue to be recognized in future periods	$ 43.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Unsatisfied Performance Obligations
Expected period to recognize revenue of remaining performance obligations	12 months
Expected revenue to be recognized in future periods	$ 13.9
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	5.5
Residential Subscription
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	$ 130.3
Residential Subscription | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-04-01
Unsatisfied Performance Obligations
Expected period to recognize revenue of remaining performance obligations	9 months
Expected revenue to be recognized in future periods	$ 70.8
Residential Subscription | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01
Unsatisfied Performance Obligations
Expected period to recognize revenue of remaining performance obligations	12 months
Expected revenue to be recognized in future periods	$ 40.6
Residential Subscription | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Unsatisfied Performance Obligations
Expected period to recognize revenue of remaining performance obligations	12 months
Expected revenue to be recognized in future periods	$ 13.5
Residential Subscription | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	5.4
Business Subscription
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	$ 7.3
Business Subscription | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-04-01
Unsatisfied Performance Obligations
Expected period to recognize revenue of remaining performance obligations	9 months
Expected revenue to be recognized in future periods	$ 4.2
Business Subscription | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01
Unsatisfied Performance Obligations
Expected period to recognize revenue of remaining performance obligations	12 months
Expected revenue to be recognized in future periods	$ 2.6
Business Subscription | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Unsatisfied Performance Obligations
Expected period to recognize revenue of remaining performance obligations	12 months
Expected revenue to be recognized in future periods	$ 0.4
Business Subscription | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	$ 0.1

Plant, Property and Equipment44

Plant, Property and Equipment, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Plant, Property and Equipment, Net
Total plant, property and equipment	$ 2,574.3		$ 2,523.3
Less accumulated depreciation	(1,641)		(1,598.6)
Plant, Property and Equipment, Net	933.3		924.7
Depreciation expense	45.7	$ 49.7
Gains (losses) on write offs or sales of head-end and customer premise equipment	0	$ 0.3
Distribution facilities
Plant, Property and Equipment, Net
Total plant, property and equipment	1,409.1		1,373.6
Customer premise equipment
Plant, Property and Equipment, Net
Total plant, property and equipment	420		414.5
Head-end equipment
Plant, Property and Equipment, Net
Total plant, property and equipment	317.1		320.4
Telephony infrastructure
Plant, Property and Equipment, Net
Total plant, property and equipment	86.4		92.4
Computer equipment and software
Plant, Property and Equipment, Net
Total plant, property and equipment	113.3		107.6
Vehicles
Plant, Property and Equipment, Net
Total plant, property and equipment	35.9		36
Buildings and leasehold improvements
Plant, Property and Equipment, Net
Total plant, property and equipment	44.6		44.6
Office and technical equipment
Plant, Property and Equipment, Net
Total plant, property and equipment	32.8		32.8
Land
Plant, Property and Equipment, Net
Total plant, property and equipment	6.2		6.2
Construction in progress (including material inventory and other)
Plant, Property and Equipment, Net
Total plant, property and equipment	$ 108.9		$ 95.2

Asset Sales (Details)

Asset Sales (Details) - USD ($) $ in Millions	Aug. 01, 2017	Jan. 12, 2017	Mar. 31, 2017	Mar. 31, 2018
Asset Sales
Net proceeds from sale of assets			$ 213
Chicago Fiber Network | Assets Held for Sale
Asset Sales
Total assets				$ 16.3
Verizon | Chicago Fiber Network | Disposal Group Disposed of by Sale, Not Discontinued Operations
Asset Sales
Net proceeds from sale of assets	$ 225
Agreement amount for the build-out the network	$ 50
MidCo | Lawrence, Kansas System | Disposal Group Disposed of by Sale, Not Discontinued Operations
Asset Sales
Net proceeds from sale of assets		$ 213
Gain on sale of assets		$ 38.4

Franchise Operating Rights & 46

Franchise Operating Rights & Goodwill - Franchise Operating Rights and Goodwill (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Franchise operating rights
Balance at the beginning of the period	$ 952.4
Impairment	143.2
Balance at the end of the period	809.2
Goodwill
Balance at the beginning of the period	384.1
Impairment	113.2
Balance at the end of the period	270.9
Franchise operating rights and goodwill
Balance at the beginning of the period	1,336.5
Impairment	256.4
Balance at the end of the period	$ 1,080.1

Franchise Operating Rights & 47

Franchise Operating Rights & Goodwill - Impairment (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)segment
Franchise operating rights
Number of reporting units which franchise operating rights were impaired | segment	4
Impairment of franchise operating rights	$ 143.2
Goodwill
Number of reporting units which goodwill were impaired | segment	4
Impairment of goodwill	$ 113.2
Panama City, FL
Franchise operating rights
Impairment of franchise operating rights	3.2
Goodwill
Impairment of goodwill	23.7
Montgomery, AL
Franchise operating rights
Impairment of franchise operating rights	47.5
Huntsville, AL
Franchise operating rights
Impairment of franchise operating rights	77.5
Goodwill
Impairment of goodwill	16.7
Dothan, AL
Franchise operating rights
Impairment of franchise operating rights	15
Augusta, GA
Goodwill
Impairment of goodwill	20.2
Chicago, IL
Goodwill
Impairment of goodwill	$ 52.6

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Accrued Liabilities
Programming costs	$ 34.7	$ 32.2
Franchise, copyright and revenue sharing fees	10.5	12.2
Payroll and employee benefits	10.2	11.5
Construction	4.6	7.5
Property, income, sales and use taxes	19.2	18.9
Utility pole rentals	2.8	1.5
Legal and professional fees	0.6	0.8
Other accrued liabilities	9.6	9.9
Accrued Liabilities	$ 92.2	$ 94.5

Long-Term Debt and Capital Le49

Long-Term Debt and Capital Leases - Summary (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Long-Term Debt and Capital Leases
Available borrowing capacity	$ 292.8
Outstanding balance	2,256.3	$ 2,261.4
Capital lease obligations	2.5	2.8
Total long-term debt and capital lease obligations	2,258.8	2,264.2
Less debt issuance costs	(12.3)	(13)
Sub-total	2,246.5	2,251.2
Less current portion	(24)	(24)
Long-term portion	$ 2,222.5	2,227.2
Term B Loans
Long-Term Debt and Capital Leases
Effective interest rate (as a percent)	5.10%
Outstanding balance	$ 2,256.3	$ 2,261.4
Less debt issuance costs	(8.9)
Debt net discount	12.3
Revolving Credit Facility
Long-Term Debt and Capital Leases
Available borrowing capacity	$ 292.8
Effective interest rate (as a percent)	4.60%
Less debt issuance costs	$ (3.4)
Maximum borrowing capacity	300
Outstanding letters of credit	$ 7.2

Long-Term Debt and Capital Le50

Long-Term Debt and Capital Leases - Debt Agreements (Details) - USD ($) $ in Millions	Jul. 17, 2017	May 31, 2017	Mar. 20, 2017	Aug. 19, 2016	May 11, 2016	Mar. 31, 2017	Mar. 31, 2018
Long-Term Debt and Capital Leases
Loss on early extinguishment of debt						$ 5
Term B Loans | Eighth Amendment to Senior Secured Credit Facilities
Long-Term Debt and Capital Leases
Face amount	$ 230.5
Outstanding balance	$ 2,280
Term B Loans | Eighth Amendment to Senior Secured Credit Facilities | Alternate base rate
Long-Term Debt and Capital Leases
Basis spread on variable rate (as a percent)	2.25%
Term B Loans | Eighth Amendment to Senior Secured Credit Facilities | LIBOR rate
Long-Term Debt and Capital Leases
Basis spread on variable rate (as a percent)	3.25%
Term B Loans | Sixth Amendment to Senior Secured Credit Facilities
Long-Term Debt and Capital Leases
Face amount				$ 2,065
Term of debt instrument				7 years
Term B Loans | Sixth Amendment to Senior Secured Credit Facilities | Debt refinancing existing Senior Notes
Long-Term Debt and Capital Leases
Period after August 19, 2023 prior to which maturity of indebtedness incurred to refinance debt triggers maturity of current debt				91 days
Term B Loans | Sixth Amendment to Senior Secured Credit Facilities | Debt refinancing existing Subordinated Notes
Long-Term Debt and Capital Leases
Period after August 19, 2023 prior to which maturity of indebtedness incurred to refinance debt triggers maturity of current debt				91 days
Term B Loans | Sixth Amendment to Senior Secured Credit Facilities | Alternate base rate
Long-Term Debt and Capital Leases
Basis spread on variable rate (as a percent)				2.50%
Term B Loans | Sixth Amendment to Senior Secured Credit Facilities | LIBOR rate
Long-Term Debt and Capital Leases
Basis spread on variable rate (as a percent)				3.50%
Variable interest rate floor (as a percent)				1.00%
Term B Loans | Fifth Amendment to Senior Secured Credit Facilities
Long-Term Debt and Capital Leases
Face amount					$ 432.5
Term B Loans | Fifth Amendment to Senior Secured Credit Facilities | Alternate base rate
Long-Term Debt and Capital Leases
Basis spread on variable rate (as a percent)					2.50%
Term B Loans | Fifth Amendment to Senior Secured Credit Facilities | LIBOR rate
Long-Term Debt and Capital Leases
Basis spread on variable rate (as a percent)					3.50%
Variable interest rate floor (as a percent)					1.00%
Term B-1 Loans
Long-Term Debt and Capital Leases
Repayments of long-term debt					$ 382.5
Term B-1 Loans | Alternate base rate
Long-Term Debt and Capital Leases
Basis spread on variable rate (as a percent)					2.00%
Term B-1 Loans | LIBOR rate
Long-Term Debt and Capital Leases
Basis spread on variable rate (as a percent)					3.00%
Variable interest rate floor (as a percent)					0.75%
Revolving Credit Facility
Long-Term Debt and Capital Leases
Borrowings available							$ 300
Revolving Credit Facility | Eighth Amendment to Senior Secured Credit Facilities
Long-Term Debt and Capital Leases
Additional borrowing capacity	$ 100
Borrowings available	300
Proceeds from credit facility used to pay senior note	$ 180
Revolving Credit Facility | Eighth Amendment to Senior Secured Credit Facilities | Alternate base rate
Long-Term Debt and Capital Leases
Basis spread on variable rate (as a percent)	2.00%
Revolving Credit Facility | Eighth Amendment to Senior Secured Credit Facilities | LIBOR rate
Long-Term Debt and Capital Leases
Basis spread on variable rate (as a percent)	3.00%
Revolving Credit Facility | Seventh Amendment To Senior Secured Credit Facilities
Long-Term Debt and Capital Leases
Borrowings available		$ 200
Borrowing capacity upon compliance with conditions		$ 300
Revolving Credit Facility | Seventh Amendment To Senior Secured Credit Facilities | Alternate base rate
Long-Term Debt and Capital Leases
Basis spread on variable rate (as a percent)		2.00%
Revolving Credit Facility | Seventh Amendment To Senior Secured Credit Facilities | LIBOR rate
Long-Term Debt and Capital Leases
Basis spread on variable rate (as a percent)		3.00%
Senior Notes
Long-Term Debt and Capital Leases
Repayments of long-term debt	$ 729.9		$ 95.1
Interest rate (as a percent)			10.25%
Loss on early extinguishment of debt			$ 5
Prepayment penalties	18.7
Payment of call premium			4.9
Accrued interest paid	$ 37.6		$ 1.7

Equity (Details)

Equity (Details) $ / shares in Units, $ in Millions	May 25, 2017USD ($)$ / sharesshares	Mar. 31, 2018shares	Mar. 26, 2018shares	Dec. 31, 2017shares	Dec. 14, 2017USD ($)
Initial Public Offering
Conversion ratio of stock-split	66,498.762
Common Stock
Share buybacks		4,625,037
Income tax withholding		11,632
Number of shares purchased (in shares)		4,636,669
Common stock shares repurchased		5,097,842	5,100,000	461,173
IPO
Initial Public Offering
Shares issued	20,970,589
Share price (in dollars per share) | $ / shares	$ 17
Gross proceeds | $	$ 356.5
Issuance costs | $	22.5
Proceeds from issuance of common stock, net of issuance costs | $	$ 334
Maximum
Common Stock
Common stock repurchase authorized amount | $					$ 50

Stock-Based Compensation - 2017

Stock-Based Compensation - 2017 Plan and Activity (Details)	3 Months Ended
	Mar. 31, 2018shares
Restricted stock awards
Profit Interest Plan
Vesting period	3 years
Restricted Stock Awards
Granted (in shares)	786,360
Forfeited (in shares)	(128,368)
Vested (in shares)	27,290
2017 Plan
Profit Interest Plan
Number of common stock shares authorized	6,355,054
2017 MBP | Restricted stock awards
Profit Interest Plan
Annual vesting percentage	100.00%
Restricted Stock Awards
Granted (in shares)	866,708

Stock-Based Compensation - Expe

Stock-Based Compensation - Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Selling, general and administrative expense and operating expenses (excluding depreciation and amortization)
Stock-Based Compensation
Non-cash compensation expense	$ 4.3	$ 0.5

Earnings (Loss) per Common Sh54

Earnings (Loss) per Common Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings (Loss) per Common Share
Net (loss) income	$ (202.7)	$ 72.4
Basic weighted-average shares	84,479,896	66,525,044
Effect of dilutive securities:
Restricted stock awards	0	75,950
Diluted weighted-average shares	84,479,896	66,600,994
Basic net (loss) per share (in dollars per share)	$ (2.40)	$ 1.09
Diluted net (loss) per share (in dollars per share)	$ (2.40)	$ 1.09

Fair Value Measurements (Detail

Fair Value Measurements (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Liabilities:
Transfer of assets from level 1 to level 2	$ 0
Transfer of assets from level 2 to level 1	0
Transfer of liabilities from level 1 to level 2	0
Transfer of liabilities from level 2 to level 1	0
Transfer of assets into level 3	0
Transfer of assets out of level 3	0
Transfer of liabilities into level 3	0
Transfer of liabilities out of level 3	0
Carrying amount
Liabilities:
Long-term debt	2,268.6
Level 2 | Fair value
Liabilities:
Long-term debt	$ 2,220.4

Income Taxes - Income Tax Items

Income Taxes - Income Tax Items (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Taxes
Valuation allowance	$ 64.9
Income tax benefit	41.2	$ 23.9
Impairment losses on intangibles and goodwill	256.4
Income tax benefit, after impairment	$ 46.1

Income Taxes - Statute of Limit

Income Taxes - Statute of Limitations (Details)	3 Months Ended
	Mar. 31, 2018
Federal
Income Taxes
Number of tax years open for examination	3 years
State
Income Taxes
Number of tax years open for examination	3 years

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) $ in Millions	Mar. 31, 2018USD ($)
Income Taxes
Unrecognized tax benefits, if recognized, would affect effective tax rate	$ 27.1
Accrued gross interest and penalties	$ 1.5

Related Party Transactions (Det

Related Party Transactions (Details) - Avista and Crestview, majority unit holders of the Parent of the reporting unit - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 18, 2015
Related Party Transactions
Quarterly management fees base rate	$ 0.4
Percentage of management fees			50.00%
Payment of management fees	$ 0	$ 0.5
Percentage of common shares outstanding	62.00%

Subsequent Events (Details)

Subsequent Events (Details)	Apr. 01, 2018
Interest rate swaps | Subsequent Events.
Subsequent Events
Percentage of outstanding principal balance of Company's floating rate debt covered by interest rate swap agreement	60.00%