WideOpenWest (WOW) 10-Q 4 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Apr. 28, 2020
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2020
Entity File Number	001-38101
Entity Registrant Name	WideOpenWest, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-0552948
Entity Address, Address Line One	7887 East Belleview Avenue
Entity Address, Address Line Two	Suite 1000
Entity Address, City or Town	Englewood
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80111
City Area Code	720
Local Phone Number	479-3500
Title of 12(b) Security	Common Stock
Trading Symbol	WOW
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		86,658,750
Entity Central Index Key	0001701051
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 36.8	$ 21
Accounts receivable-trade, net of allowance for doubtful accounts of $9.0 and $7.5, respectively	65.4	65.8
Accounts receivable-other, net	9.6	9.8
Prepaid expenses and other	28	22.1
Total current assets	139.8	118.7
Right-of-use lease assets-operating	26.9	26.5
Property, plant and equipment, net	1,074.4	1,073.7
Franchise operating rights	799.5	799.5
Goodwill	408.8	408.8
Intangible assets subject to amortization, net	2.7	2.9
Other noncurrent assets	42.6	41.5
Total assets	2,494.7	2,471.6
Current liabilities
Accounts payable-trade	47.4	47.1
Accrued interest	3.4	2.7
Current portion of long-term lease liability-operating	6.2	6.1
Accrued liabilities and other	97.3	95.6
Current portion of long-term debt and finance lease obligations	31.3	30.9
Current portion of unearned service revenue	44.8	45
Total current liabilities	230.4	227.4
Long-term debt and finance lease obligations-less current portion and debt issuance costs	2,284.7	2,259.5
Long-term lease liability-operating	23.8	23.4
Deferred income taxes, net	191.6	192.5
Other noncurrent liabilities	11	14.7
Total liabilities	2,741.5	2,717.5
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; 95,040,628 and 92,182,207 issued as of March 31, 2020 and December 31, 2019, respectively; 86,762,009 and 84,103,108 outstanding as of March 31, 2020 and December 31, 2019, respectively	0.9	0.9
Additional paid-in capital	325.5	322.8
Accumulated other comprehensive loss	(18.5)	(15.5)
Accumulated deficit	(474.3)	(474.4)
Treasury stock at cost, 8,278,619 and 8,079,099 shares as of March 31, 2020 and December 31, 2019, respectively	(80.4)	(79.7)
Total stockholders' deficit	(246.8)	(245.9)
Total liabilities and stockholders' deficit	$ 2,494.7	$ 2,471.6

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
CONSOLIDATED BALANCE SHEETS
Accounts receivable-trade, allowance for doubtful accounts	$ 9	$ 7.5
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)	95,040,628	92,182,207
Common stock, shares outstanding ( in shares)	86,762,009	84,103,108
Common shares held in treasury, (in shares)	8,278,619	8,079,099

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue	$ 284.5	$ 287.2
Costs and expenses:
Operating (excluding depreciation and amortization)	149.1	149.2
Selling, general and administrative	46.2	45.5
Depreciation and amortization	55.8	49.7
Gain on sale of operating assets, net		(3.4)
Total costs and expenses	251.1	241
Income from operations	33.4	46.2
Other income (expense):
Interest expense	(33.5)	(35.6)
Gain on sale of assets, net	0.3
Other income, net	0.7	0.8
Income before provision for income tax	0.9	11.4
Income tax expense	(0.8)	(3)
Net income	$ 0.1	$ 8.4
Basic and diluted earnings per common share
Basic (in dollars per share)	$ 0	$ 0.10
Diluted (in dollars per share)	$ 0	$ 0.10
Weighted-average common shares outstanding
Basic (in shares)	81,037,633	80,348,870
Diluted (in shares)	81,536,813	80,911,400

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
Net income	$ 0.1	$ 8.4
Unrealized loss on interest rate derivative instrument, net of tax	(3)	(3.1)
Comprehensive (loss) income	$ (2.9)	$ 5.3

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($) $ in Millions	Common Stock	Treasury Stock at Cost	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit	Total
Balances at beginning of period at Dec. 31, 2018	$ 0.9	$ (78.1)	$ 312.7	$ (6.5)	$ (510.8)	$ (281.8)
Balances at beginning of period (in shares) at Dec. 31, 2018	82,680,380
Increase (Decrease) in Stockholders' Deficit
Changes in accumulated other comprehensive loss, net				(3.1)		(3.1)
Stock-based compensation			2.1			2.1
Issuance of restricted stock, net (in shares)	1,702,482
Purchase of shares		(1.1)				(1.1)
Purchase of shares (in shares)	(108,937)
Net income					8.4	8.4
Balances at end of period at Mar. 31, 2019	$ 0.9	(79.2)	314.8	(9.6)	(502.4)	(275.5)
Balances at end of period (in shares) at Mar. 31, 2019	84,273,925
Balances at beginning of period at Dec. 31, 2019	$ 0.9	(79.7)	322.8	(15.5)	(474.4)	$ (245.9)
Balances at beginning of period (in shares) at Dec. 31, 2019	84,103,108					84,103,108
Increase (Decrease) in Stockholders' Deficit
Changes in accumulated other comprehensive loss, net				(3)		$ (3)
Stock-based compensation			2.7			2.7
Issuance of restricted stock, net (in shares)	2,858,421
Purchase of shares		(0.7)				(0.7)
Purchase of shares (in shares)	(199,520)
Net income					0.1	0.1
Balances at end of period at Mar. 31, 2020	$ 0.9	$ (80.4)	$ 325.5	$ (18.5)	$ (474.3)	$ (246.8)
Balances at end of period (in shares) at Mar. 31, 2020	86,762,009					86,762,009

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT (Parenthetical) - shares	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Restricted stock awards
Number of shares granted to employees and directors	5,292,277	3,140,168	3,703,649

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net income	$ 0.1	$ 8.4
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	55.8	49.7
Deferred income taxes	(0.1)	2.6
Provision for doubtful accounts	7.3	3.5
Gain on sale of operating assets, net		(3.4)
Gain on sale of assets, net	(0.3)
Amortization of debt issuance costs and discount	1.2	1.2
Non-cash compensation	2.7	2.1
Other non-cash items		0.1
Changes in operating assets and liabilities:
Receivables and other operating assets	(12.2)	(9.2)
Payables and accruals	(2.1)	2.6
Net cash provided by operating activities	52.4	57.6
Cash flows from investing activities:
Capital expenditures	(58)	(66)
Proceeds from sale of Chicago fiber assets		6.7
Other investing activities	(1.1)	(1)
Net cash provided by (used in) investing activities	(59.1)	(60.3)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	41	34
Payments on long-term debt and finance lease obligations	(17.8)	(26.5)
Purchase of shares	(0.7)	(1.1)
Net cash provided by financing activities	22.5	6.4
Increase in cash and cash equivalents	15.8	3.7
Cash and cash equivalents, beginning of period	21	13.2
Cash and cash equivalents, end of period	36.8	16.9
Supplemental disclosures of cash flow information:
Cash paid during the periods for interest	31.4	35.7
Cash paid during the periods for income taxes, net		0.3
Insurance proceeds received for business interruption		2
Non-cash operating activities
Operating lease additions	2.4	3.1
Non-cash financing activities:
Finance lease additions	1.2	8.5
Capital expenditure accounts payable and accruals	$ 13.8	$ 11.6

General Information

General Information	3 Months Ended
	Mar. 31, 2020
General Information
General Information	Note 1. General Information WideOpenWest, Inc. (“WOW” or 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 networks 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. The Company’s operations are managed and reported to its Chief Executive Officer (“CEO”), the Company’s chief operating decision maker, on a consolidated basis. The CEO assesses performance and allocates resources based on the consolidated results of operations. Under this organizational and reporting structure, the Company operates as one reportable segment.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation The accompanying 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 the opinion of management, the disclosures made are adequate to ensure the information presented is 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 2019 Annual Report filed with the SEC on March 4, 2020. All significant intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in accordance with GAAP requires 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, including but not limited to the potential impacts arising from COVID-19. As the extent and duration of the impacts from COVID-19 remain unclear, the Company’s estimates and assumptions may evolve as conditions change and the Company is not able to fully predict the overall impact of COVID-19 and the CARES Act on the business. 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 March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-04, Reference Rate Reform (Topic 848), Faciliation of the Effects of Reference Rate Reform on Financial Reporting. ASU 2020-04 provides optional guidance, expedients and exceptions for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. The amendments in this update apply to all entities, subject to meeting the criteria, that have contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinuted because of the reference rate reform. The amendments of this update are effective for all entities as of March 12, 2020 through December 31, 2022. The Company is currently evaluating the impact of adopting this guidance and the potential effects it could have on its financial position, results of operations and cash flows. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes (“ASU 2019-12”). ASU 2019-12 simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. ASU 2019-12 is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company is currently evaluating the timing of adopting this guidance and the impact of adoption on its financial position, results of operations and cash flows. Recently Adopted Accounting Pronouncements In August 2018, the FASB issued ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract (“ASU 2018-15”), which requires a customer in a hosting arrangement that is a service contract to apply the guidance on internal-use software to determine which implementation costs to recognize as an asset and which costs to expense. Costs to develop or obtain internal-use software that cannot be capitalized under Subtopic 350-40, Internal-Use Software, such as training costs and certain data conversion costs, also cannot be capitalized for a hosting arrangement that is a service contract. The amendments require a customer in a hosting arrangement that is a service contract to determine whether an implementation activity relates to the preliminary project stage, the application development stage, or the post-implementation stage. Costs for implementation activities in the application development stage will be capitalized depending on the nature of the costs, while costs incurred during the preliminary project and post-implementation stages will be expensed immediately. ASU 2018-15 is effective for public business entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company adopted this guidance prospectively ​

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Mar. 31, 2020
Revenue from Contracts with Customers
Revenue from Contracts with Customers	Note 3. Revenue from Contracts with Customers ​ Revenue by Service Offering The following table presents revenue by service offering for the three months ended March 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended March 31, 2020 ​ Residential ​ Business Total ​ Subscription Subscription Revenue ​ ​ (in millions) HSD ​ $ 115.3 ​ $ 21.3 ​ $ 136.6 Video ​ 99.5 ​ 3.9 ​ ​ 103.4 Telephony ​ 14.0 ​ 10.6 ​ ​ 24.6 Total subscription services revenue ​ $ 228.8 ​ $ 35.8 ​ $ 264.6 Other business services revenue(1) ​ ​ — ​ ​ — ​ ​ 6.5 Other revenue ​ ​ — ​ ​ — ​ ​ 13.4 Total revenue ​ $ 228.8 ​ $ 35.8 ​ $ 284.5 (1) The following table presents revenue by service offering for the three months ended March 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended March 31, 2019 ​ ​ Residential ​ Business ​ Total ​ Subscription Subscription Revenue ​ ​ (in millions) HSD ​ $ 108.1 ​ $ 19.4 ​ $ 127.5 Video ​ 107.4 ​ 3.6 ​ ​ 111.0 Telephony ​ 16.0 ​ 10.7 ​ ​ 26.7 Total subscription services revenue ​ $ 231.5 ​ $ 33.7 ​ $ 265.2 Other business services revenue(1) ​ ​ — ​ ​ — ​ ​ 7.1 Other revenue ​ ​ — ​ ​ — ​ ​ 14.9 Total revenue ​ $ 231.5 ​ $ 33.7 ​ $ 287.2 (1) Costs of Obtaining Contracts with Customers The following table summarizes the activity of costs of obtaining contracts with customers: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2019 ​ ​ (in millions) Balance at January 1 ​ $ 40.7 ​ $ 26.3 Deferral ​ 5.7 ​ 4.8 Amortization ​ (2.7) ​ (1.5) Balance at March 31 ​ $ 43.7 ​ $ 29.6 ​ The following table presents current and non-current portion of costs of obtaining contracts with customers as of the end of the corresponding periods: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2020 ​ December 31, 2019 ​ ​ (in millions) Current costs of obtaining contracts with customers ​ $ 11.2 ​ $ 10.0 Non-current costs of obtaining contracts with customers ​ ​ 32.5 ​ ​ 30.7 Total costs of obtaining contracts with customers ​ $ 43.7 ​ $ 40.7 ​ The current portion and the non-current portion of costs of obtaining contracts with customers are included in prepaid expenses and other and other non-current assets, respectively, in the Company’s unaudited condensed consolidated balance sheets. Amortization of costs of obtaining contracts with customers is included in selling, general and administrative expense in the Company’s unaudited condensed consolidated statements of operations. ​ Contract Liabilities The following table summarizes the activity of current and non-current contract liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2019 ​ ​ (in millions) Balance at January 1 ​ $ 4.2 ​ $ 3.9 Deferral ​ 3.7 ​ 3.9 Revenue recognized ​ (4.0) ​ (3.8) Balance at March 31 ​ $ 3.9 ​ $ 4.0 ​ The following table presents current and non-current portion of contract liabilities as of the end of the corresponding periods: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2020 ​ December 31, 2019 ​ ​ (in millions) Current contract liabilities ​ $ 3.3 ​ $ 3.6 Non-current contract liabilities ​ ​ 0.6 ​ ​ 0.6 Total contract liabilities ​ $ 3.9 ​ $ 4.2 ​ The current portion and the non-current portion of contract liabilities are included in the current portion of unearned service revenue and other non-current liabilities, respectively, in the Company’s unaudited condensed consolidated balance sheets. ​ 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. All residential subscription service performance obligations will be satisfied within one year. A summary of expected commercial revenue to be recognized in future periods related to performance obligations which have not been satisfied or are partially unsatisfied as of March 31, 2020 is set forth in the table below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2021 2022 Thereafter Total ​ ​ (in millions) Subscription services ​ $ 58.9 ​ $ 50.2 ​ $ 20.9 ​ $ 8.1 ​ $ 138.1 Other business services ​ 3.1 ​ 2.8 ​ 1.3 ​ 0.5 ​ 7.7 Total expected revenue ​ $ 62.0 ​ $ 53.0 ​ $ 22.2 ​ $ 8.6 ​ $ 145.8 ​ Provision for Doubtful Accounts ​ The provision for doubtful accounts and the allowance for doubtful accounts are based on the aging of the individual receivables, historical trends and current and anticipated future economic conditions. The Company manages credit risk by disconnecting services to customers who are delinquent, generally after sixty days of delinquency. The Company has temporarily suspended certain collection activities as a result of participation in the Federal Communications Commission (“FCC”) Keep Americans Connected Pledge effective March 12, 2020. The individual receivables are written-off after all reasonable efforts to collect the funds have been made. Actual write-offs may differ from the amounts reserved. ​ The following table presents the change in the allowance for doubtful accounts for trade accounts receivable for the three months ended March 31, 2020 compared to the three months ended March 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (in millions) Balance at beginning of period ​ $ 7.5 ​ $ 7.5 Provision charged to expense ​ 5.3 ​ 3.5 Accounts written off, net of recoveries ​ (3.8) ​ (4.0) Balance at end of period ​ $ 9.0 ​ $ 7.0 ​ ​ ​ ​ ​ ​ The Company established an allowance for doubtful accounts for non-trade accounts receivable of $2.0 million for the three months ended March 31, 2020 that is presented within accounts receivable—other in the Company’s unaudited condensed consolidated balance sheets.

Plant, Property and Equipment,

Plant, Property and Equipment, Net	3 Months Ended
	Mar. 31, 2020
Plant, Property and Equipment, Net
Plant, Property and Equipment, Net	Note 4. Plant, Property and Equipment, Net Plant, property and equipment consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2020 2019 ​ ​ (in millions) Distribution facilities ​ $ 1,846.3 ​ $ 1,780.7 Customer premise equipment ​ 465.3 ​ 460.1 Head-end equipment ​ 342.4 ​ 341.2 Telephony infrastructure ​ 98.1 ​ 97.9 Computer equipment and software ​ 150.6 ​ 146.4 Vehicles ​ 36.0 ​ 37.0 Buildings and leasehold improvements ​ 49.5 ​ 49.5 Office and technical equipment ​ 34.2 ​ 33.5 Land ​ 6.2 ​ 6.2 Construction in progress (including material inventory and other) ​ 37.0 ​ 61.2 Total property, plant and equipment ​ 3,065.6 ​ 3,013.7 Less accumulated depreciation ​ (1,991.2) ​ (1,940.0) ​ ​ $ 1,074.4 ​ $ 1,073.7 ​ Depreciation expense for the three months ended March 31, 2020 and 2019 was $55.4 million and $49.2 million, respectively.

Accrued Liabilities and Other

Accrued Liabilities and Other	3 Months Ended
	Mar. 31, 2020
Accrued Liabilities and Other
Accrued Liabilities and Other	Note 5. Accrued Liabilities and Other Accrued liabilities and other consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2020 2019 ​ ​ (in millions) Programming costs ​ $ 34.6 ​ $ 33.4 Franchise and revenue sharing fees ​ 9.1 ​ 10.9 Payroll and employee benefits ​ 12.2 ​ 20.8 Property, income, sales and use taxes ​ 3.9 ​ 2.4 Utility pole rentals ​ 3.7 ​ 3.4 Interest rate swaps ​ 23.0 ​ 14.7 Other accrued liabilities ​ 10.8 ​ 10.0 ​ ​ $ 97.3 ​ $ 95.6 ​

Long-Term Debt and Finance Leas

Long-Term Debt and Finance Leases	3 Months Ended
	Mar. 31, 2020
Long-Term Debt and Finance Leases
Long-Term Debt and Finance Leases	Note 6. Long-Term Debt and Finance Leases The following table summarizes the Company’s long-term debt and finance leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ March 31, 2020 ​ 2019 ​ Available ​ ​ ​ ​ ​ borrowing ​ Effective ​ ​ Outstanding ​ Outstanding ​ ​ capacity ​ interest rate(1) ​ balance balance ​ ​ (in millions) Long-term debt: ​ ​ ​ ​ Term B Loans, net(2) ​ $ — 5.28 % ​ $ 2,215.2 ​ $ 2,220.3 Revolving Credit Facility(3) ​ 208.5 4.05 % ​ 86.0 ​ 55.0 Total long-term debt ​ $ 208.5 ​ ​ ​ 2,301.2 ​ 2,275.3 Finance lease obligations ​ ​ ​ 22.2 ​ 23.1 Total long-term debt and finance lease obligations ​ ​ ​ 2,323.4 ​ 2,298.4 Debt issuance costs, net(4) ​ ​ ​ (7.4) ​ (8.0) Sub-total ​ ​ ​ 2,316.0 ​ 2,290.4 Less current portion ​ ​ ​ (31.3) ​ (30.9) Long-term portion ​ ​ ​ ​ $ 2,284.7 ​ $ 2,259.5 (1) Represents the effective interest rate in effect for all borrowings outstanding as of March 31, 2020 pursuant to each debt instrument including the applicable margin. (2) At March 31, 2020 and December 31, 2019 includes $7.8 million and $8.4 million of net discounts, respectively. (3) Available borrowing capacity at March 31, 2020 represents $300.0 million of total availability less borrowing of $86.0 million on the Revolving Credit Facility and outstanding letters of credit of $5.5 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, 2020 and December 31, 2019, debt issuance costs include $5.6 million and $6.0 million related to Term B Loans and $1.8 million and $2.0 million related to the Revolving Credit Facility, respectively. The Company’s 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%. Borrowings 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%. As of March 31, 2020, the Company was in compliance with all debt covenants.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2020
Stock-Based Compensation
Stock-Based Compensation	Note 7. 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 12,074,128 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 presents restricted stock activity during the three months ended March 31, 2020. ​ ​ ​ ​ ​ Number of ​ ​ Unvested ​ ​ Restricted Stock ​ ​ Shares Outstanding, beginning of period 3,140,168 Granted 2,958,501 Vested ​ (706,312) Forfeited (100,080) Outstanding, end of period(1) 5,292,277 (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, 2020. 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 The Company recorded $2.7 million and $2.1 million for the three months ended March 31, 2020 and 2019, respectively, of non-cash stock-based compensation expense which is reflected in selling, general and administrative expense 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, 2020
Earnings (Loss) per Common Share
Earnings (Loss) per Common Share	Note 8. Earnings per Common Share Basic earnings or loss per share attributable to the Company’s common stockholders is computed by dividing net income or loss attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings or loss per share attributable to common stockholders 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, ​ 2020 2019 ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 0.1 ​ $ 8.4 ​ ​ ​ ​ ​ ​ ​ Basic weighted-average shares ​ 81,037,633 ​ 80,348,870 Effect of dilutive securities: ​ ​ ​ ​ Restricted stock awards ​ 499,180 ​ 562,530 Diluted weighted-average shares ​ 81,536,813 ​ 80,911,400 ​ ​ ​ ​ ​ ​ ​ Basic earnings ​ $ 0.00 ​ $ 0.10 Diluted earnings per share ​ $ 0.00 ​ $ 0.10 ​

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Fair Value Measurements
Fair Value Measurements	Note 9. Fair Value Measurements The fair values of cash and cash equivalents, receivables and trade payables approximate their 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: ​ ● L evel 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 values determined using models that utilize significant unobservable inputs for which little or no market data exists, discounted cash flow methodologies or similar techniques, or other determinations requiring significant management judgment or estimation. ​ The Company’s derivative instrument is accounted for at fair value on a recurring basis and classified within Level 2 of the valuation hierarchy and was valued at $25.1 million and $20.8 million as of March 31, 2020 and December 31, 2019, respectively. The fair value of the derivative instrument is measured as the present value of all expected future cash flows based on the LIBOR-based swap yield curves as of March 31, 2020. The present value calculation uses discount rates that have been adjusted to reflect the credit quality of the Company and its counterparties. ​ The estimated fair value of the Company’s long-term debt is based on dealer quotes considering current market rates for the Company’s credit facility and is classified as Level 2. The inputs used to determine the fair value of the Company’s aggregate debt balance has trended from quoted market prices in active markets to quoted prices in non-active markets. The fair value of the Company’s long-term debt was valued at $2,045.2 million and $2,220.3 million as of March 31, 2020 and December 31, 2019, respectively. Long-term debt fair value does not include debt issuance costs and discounts. ​ There were no transfers into or out of Level 1, 2 or 3 during the periods ended March 31, 2020 and December 31, 2019. ​ The Company’s nonfinancial assets such as franchises, property, plant, and equipment, and other intangible assets are not measured at fair value on a recurring basis; however, they are subject to fair value adjustments in certain circumstances, such as when there is evidence that an impairment may exist. When such impairments are recorded, fair values are generally classified within Level 3 of the valuation hierarchy. ​

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities
Derivative Instruments and Hedging Activities	Note 10. Derivative Instruments and Hedging Activities The Company is exposed to certain risks during the normal course of its business arising from adverse changes in interest rates. The Company selectively uses derivative financial instruments (“derivatives”), including interest rate swaps, to manage interest rate risk. The Company does not hold or issue derivative instruments for speculative purposes. Fluctuations in interest rates can be volatile, and the Company’s risk management activities do not totally eliminate these risks. Consequently, these fluctuations could have a significant effect on the Company’s financial results. ​ The Company’s exposure to interest rate risk results primarily from its variable rate borrowings. On May 9, 2018, the Company entered into variable to fixed interest rate swap agreements for a notional amount of $1,361.2 million to hedge the outstanding principal balance of its variable rate term loan debt. ​ As of March 31, 2020, the Company is the fixed rate payor on two interest rate swap contracts that effectively fix the LIBOR-based index used to determine the interest rates charged on the Company’s total long-term debt of $2,309.0 million, not including debt issuance costs and discount. These contracts fix approximately 60% of the Company’s term loan variable rate exposure at 2.7% and have an expiration date of May 2021. These swap agreements qualify as hedging instruments and have been designated as cash flow hedges of forecasted LIBOR-based interest payments. As all of the critical terms of each of the derivative instruments matched the underlying terms of the hedged debt and related forecasted interest payments, these hedges were considered highly effective. Based on LIBOR-based swap yield curves as of March 31, 2020, the Company expects to reclassify losses of $23.0 million out of accumulated other comprehensive loss (“AOCL”) into earnings within the next 12 months. The following table summarizes the notional amounts, fair values and classification of the Company’s outstanding derivatives by risk category and instrument type within the unaudited condensed consolidated balance sheet as of March 31, 2020 and December 31, 2019. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value ​ Fair Value ​ ​ ​ ​ Accrued ​ Other ​ ​ Notional ​ Liabilities ​ Non-Current ​ Amount ​ and Other ​ Liabilities Derivatives Designated as Hedging Instruments ​ (in millions) Interest rate swap contracts as of March 31, 2020 ​ $ 1,333.8 ​ $ 23.0 ​ $ 2.1 Interest rate swap contracts as of December 31, 2019 ​ $ 1,337.2 ​ $ 14.7 ​ $ 6.1 ​ Losses recognized in the unaudited condensed consolidated statements of operations for the three months ended March 31, 2020 and 2019 total $3.8 million and $0.7 million, respectively. ​ Losses on derivatives designated as cash flow hedges included in the unaudited condensed consolidated statements of comprehensive (loss) income for the three months ended March 31, 2020 and 2019 are shown in the table below, respectively. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, ​ 2020 2019 Interest rate swap contracts(1) ​ (in millions) Loss recorded in AOCL on derivatives, before tax ​ $ 3.9 ​ $ 6.2 Tax expense ​ ​ (0.9) ​ ​ (3.1) Loss reclassified from AOCL into income, net ​ ​ 3.0 ​ ​ 3.1 (1) Losses on derivatives reclassified from AOCL into income will be included in “Interest expense” in the unaudited condensed consolidated statements of operations, the same income statement line item as the earnings effect of the hedged item. For the periods presented, all cash flows associated with derivatives are classified as operating cash flows in the unaudited condensed consolidated statements of cash flows.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Taxes
Income Taxes	Note 11. Income Taxes The Company accounts for income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities 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 unaudited condensed consolidated financial statements in the period of enactment. The Company reported income tax expense of $0.8 million and $3.0 million for the three months ended March 31, 2020 and 2019, respectively. The Company’s effective federal and state income tax rate during the three months ended March 31, 2020 is primarily related to a reduction in income for the three months ended, a decrease in expected tax benefits on stock-based compensation, as well as an additional valuation allowance related to certain net state deferred tax assets. As a result of the Coronavirus Aid, Relief and Economic Security (“CARES”) Act enacted on March 27, 2020, companies are able to request refunds of the remaining amount of refundable Alternative Minimum Tax carryforwards. Previously, the remaining amount would have been refunded between 2020 and 2021. As such, the Company expects to receive refunds of approximately $4.4 million within the next 12 months. The CARES Act also contains modifications on the limitation of business interest for tax years 2019 and 2020. The modifications to Section 163(j) increase the allowable business interest deduction from 30% of adjusted taxable income to 50% of adjusted taxable income. This modification will ultimately decrease the interest limitation deferred tax asset and increase the net operating loss deferred tax asset resulting in no material impact to the financial statements. ​

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies
Commitments and Contingencies	Note 12. Commitments and Contingencies IPO Shareholder Class Action Kirkland. et al. v. WideOpenWest, Inc., et al. Kirkland Kirkland Sprint Patent Infringement Claim ​ 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, the Company 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 is material. The Company consistently monitors its pending litigation for the purpose of adjusting its accruals and revising its disclosures accordingly, in accordance with GAAP, when required. However, litigation is subject to uncertainty, and the outcome of any particular matter is not predictable. The Company will vigorously defend its interest for pending litigation, and the Company 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 consolidated financial position, results of operations, or cash flows. ​

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Summary of Significant Accounting Policies
Principles of Consolidation	Principles of Consolidation and Basis of Presentation The accompanying 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 the opinion of management, the disclosures made are adequate to ensure the information presented is 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 2019 Annual Report filed with the SEC on March 4, 2020. All significant intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with GAAP requires 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, including but not limited to the potential impacts arising from COVID-19. As the extent and duration of the impacts from COVID-19 remain unclear, the Company’s estimates and assumptions may evolve as conditions change and the Company is not able to fully predict the overall impact of COVID-19 and the CARES Act on the business. 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 March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-04, Reference Rate Reform (Topic 848), Faciliation of the Effects of Reference Rate Reform on Financial Reporting. ASU 2020-04 provides optional guidance, expedients and exceptions for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. The amendments in this update apply to all entities, subject to meeting the criteria, that have contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinuted because of the reference rate reform. The amendments of this update are effective for all entities as of March 12, 2020 through December 31, 2022. The Company is currently evaluating the impact of adopting this guidance and the potential effects it could have on its financial position, results of operations and cash flows. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes (“ASU 2019-12”). ASU 2019-12 simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. ASU 2019-12 is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company is currently evaluating the timing of adopting this guidance and the impact of adoption on its financial position, results of operations and cash flows. Recently Adopted Accounting Pronouncements In August 2018, the FASB issued ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract (“ASU 2018-15”), which requires a customer in a hosting arrangement that is a service contract to apply the guidance on internal-use software to determine which implementation costs to recognize as an asset and which costs to expense. Costs to develop or obtain internal-use software that cannot be capitalized under Subtopic 350-40, Internal-Use Software, such as training costs and certain data conversion costs, also cannot be capitalized for a hosting arrangement that is a service contract. The amendments require a customer in a hosting arrangement that is a service contract to determine whether an implementation activity relates to the preliminary project stage, the application development stage, or the post-implementation stage. Costs for implementation activities in the application development stage will be capitalized depending on the nature of the costs, while costs incurred during the preliminary project and post-implementation stages will be expensed immediately. ASU 2018-15 is effective for public business entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company adopted this guidance prospectively

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue from Contracts with Customers
Schedule of revenue by service offering	The following table presents revenue by service offering for the three months ended March 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended March 31, 2020 ​ Residential ​ Business Total ​ Subscription Subscription Revenue ​ ​ (in millions) HSD ​ $ 115.3 ​ $ 21.3 ​ $ 136.6 Video ​ 99.5 ​ 3.9 ​ ​ 103.4 Telephony ​ 14.0 ​ 10.6 ​ ​ 24.6 Total subscription services revenue ​ $ 228.8 ​ $ 35.8 ​ $ 264.6 Other business services revenue(1) ​ ​ — ​ ​ — ​ ​ 6.5 Other revenue ​ ​ — ​ ​ — ​ ​ 13.4 Total revenue ​ $ 228.8 ​ $ 35.8 ​ $ 284.5 (1) The following table presents revenue by service offering for the three months ended March 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended March 31, 2019 ​ ​ Residential ​ Business ​ Total ​ Subscription Subscription Revenue ​ ​ (in millions) HSD ​ $ 108.1 ​ $ 19.4 ​ $ 127.5 Video ​ 107.4 ​ 3.6 ​ ​ 111.0 Telephony ​ 16.0 ​ 10.7 ​ ​ 26.7 Total subscription services revenue ​ $ 231.5 ​ $ 33.7 ​ $ 265.2 Other business services revenue(1) ​ ​ — ​ ​ — ​ ​ 7.1 Other revenue ​ ​ — ​ ​ — ​ ​ 14.9 Total revenue ​ $ 231.5 ​ $ 33.7 ​ $ 287.2 (1)
Schedule of activity and current and non-current costs of obtaining contracts	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2019 ​ ​ (in millions) Balance at January 1 ​ $ 40.7 ​ $ 26.3 Deferral ​ 5.7 ​ 4.8 Amortization ​ (2.7) ​ (1.5) Balance at March 31 ​ $ 43.7 ​ $ 29.6 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2020 ​ December 31, 2019 ​ ​ (in millions) Current costs of obtaining contracts with customers ​ $ 11.2 ​ $ 10.0 Non-current costs of obtaining contracts with customers ​ ​ 32.5 ​ ​ 30.7 Total costs of obtaining contracts with customers ​ $ 43.7 ​ $ 40.7
Schedule of activity of current and non-current contract liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2019 ​ ​ (in millions) Balance at January 1 ​ $ 4.2 ​ $ 3.9 Deferral ​ 3.7 ​ 3.9 Revenue recognized ​ (4.0) ​ (3.8) Balance at March 31 ​ $ 3.9 ​ $ 4.0 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2020 ​ December 31, 2019 ​ ​ (in millions) Current contract liabilities ​ $ 3.3 ​ $ 3.6 Non-current contract liabilities ​ ​ 0.6 ​ ​ 0.6 Total contract liabilities ​ $ 3.9 ​ $ 4.2
Summary of expected revenue to be recognized in future periods related to performance obligations which have not been satisfied or are partially unsatisfied	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2021 2022 Thereafter Total ​ ​ (in millions) Subscription services ​ $ 58.9 ​ $ 50.2 ​ $ 20.9 ​ $ 8.1 ​ $ 138.1 Other business services ​ 3.1 ​ 2.8 ​ 1.3 ​ 0.5 ​ 7.7 Total expected revenue ​ $ 62.0 ​ $ 53.0 ​ $ 22.2 ​ $ 8.6 ​ $ 145.8
Schedule of change in the allowance for doubtful accounts for trade accounts receivable	​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (in millions) Balance at beginning of period ​ $ 7.5 ​ $ 7.5 Provision charged to expense ​ 5.3 ​ 3.5 Accounts written off, net of recoveries ​ (3.8) ​ (4.0) Balance at end of period ​ $ 9.0 ​ $ 7.0

Property, Plant and Equipment,

Property, Plant and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2020
Plant, Property and Equipment, Net
Schedule of plant, property and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2020 2019 ​ ​ (in millions) Distribution facilities ​ $ 1,846.3 ​ $ 1,780.7 Customer premise equipment ​ 465.3 ​ 460.1 Head-end equipment ​ 342.4 ​ 341.2 Telephony infrastructure ​ 98.1 ​ 97.9 Computer equipment and software ​ 150.6 ​ 146.4 Vehicles ​ 36.0 ​ 37.0 Buildings and leasehold improvements ​ 49.5 ​ 49.5 Office and technical equipment ​ 34.2 ​ 33.5 Land ​ 6.2 ​ 6.2 Construction in progress (including material inventory and other) ​ 37.0 ​ 61.2 Total property, plant and equipment ​ 3,065.6 ​ 3,013.7 Less accumulated depreciation ​ (1,991.2) ​ (1,940.0) ​ ​ $ 1,074.4 ​ $ 1,073.7

Accrued Liabilities and Other (

Accrued Liabilities and Other (Tables)	3 Months Ended
	Mar. 31, 2020
Accrued Liabilities and Other
Schedule of accrued liabilities and other	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2020 2019 ​ ​ (in millions) Programming costs ​ $ 34.6 ​ $ 33.4 Franchise and revenue sharing fees ​ 9.1 ​ 10.9 Payroll and employee benefits ​ 12.2 ​ 20.8 Property, income, sales and use taxes ​ 3.9 ​ 2.4 Utility pole rentals ​ 3.7 ​ 3.4 Interest rate swaps ​ 23.0 ​ 14.7 Other accrued liabilities ​ 10.8 ​ 10.0 ​ ​ $ 97.3 ​ $ 95.6

Long-Term Debt and Finance Le_2

Long-Term Debt and Finance Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Long-Term Debt and Finance Leases
Summary of long-term debt and finance leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ March 31, 2020 ​ 2019 ​ Available ​ ​ ​ ​ ​ borrowing ​ Effective ​ ​ Outstanding ​ Outstanding ​ ​ capacity ​ interest rate(1) ​ balance balance ​ ​ (in millions) Long-term debt: ​ ​ ​ ​ Term B Loans, net(2) ​ $ — 5.28 % ​ $ 2,215.2 ​ $ 2,220.3 Revolving Credit Facility(3) ​ 208.5 4.05 % ​ 86.0 ​ 55.0 Total long-term debt ​ $ 208.5 ​ ​ ​ 2,301.2 ​ 2,275.3 Finance lease obligations ​ ​ ​ 22.2 ​ 23.1 Total long-term debt and finance lease obligations ​ ​ ​ 2,323.4 ​ 2,298.4 Debt issuance costs, net(4) ​ ​ ​ (7.4) ​ (8.0) Sub-total ​ ​ ​ 2,316.0 ​ 2,290.4 Less current portion ​ ​ ​ (31.3) ​ (30.9) Long-term portion ​ ​ ​ ​ $ 2,284.7 ​ $ 2,259.5 (1) Represents the effective interest rate in effect for all borrowings outstanding as of March 31, 2020 pursuant to each debt instrument including the applicable margin. (2) At March 31, 2020 and December 31, 2019 includes $7.8 million and $8.4 million of net discounts, respectively. (3) Available borrowing capacity at March 31, 2020 represents $300.0 million of total availability less borrowing of $86.0 million on the Revolving Credit Facility and outstanding letters of credit of $5.5 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, 2020 and December 31, 2019, debt issuance costs include $5.6 million and $6.0 million related to Term B Loans and $1.8 million and $2.0 million related to the Revolving Credit Facility, respectively.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Stock-Based Compensation
Summary of the restricted stock awards activity	The following table presents restricted stock activity during the three months ended March 31, 2020. ​ ​ ​ ​ ​ Number of ​ ​ Unvested ​ ​ Restricted Stock ​ ​ Shares Outstanding, beginning of period 3,140,168 Granted 2,958,501 Vested ​ (706,312) Forfeited (100,080) Outstanding, end of period(1) 5,292,277 (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, 2020.

Earnings (Loss) per Common Sh_2

Earnings (Loss) per Common Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings (Loss) per Common Share
Schedule of computation of income per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, ​ 2020 2019 ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 0.1 ​ $ 8.4 ​ ​ ​ ​ ​ ​ ​ Basic weighted-average shares ​ 81,037,633 ​ 80,348,870 Effect of dilutive securities: ​ ​ ​ ​ Restricted stock awards ​ 499,180 ​ 562,530 Diluted weighted-average shares ​ 81,536,813 ​ 80,911,400 ​ ​ ​ ​ ​ ​ ​ Basic earnings ​ $ 0.00 ​ $ 0.10 Diluted earnings per share ​ $ 0.00 ​ $ 0.10

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities
Schedule of notional amounts, fair values and classification of outstanding derivatives	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value ​ Fair Value ​ ​ ​ ​ Accrued ​ Other ​ ​ Notional ​ Liabilities ​ Non-Current ​ Amount ​ and Other ​ Liabilities Derivatives Designated as Hedging Instruments ​ (in millions) Interest rate swap contracts as of March 31, 2020 ​ $ 1,333.8 ​ $ 23.0 ​ $ 2.1 Interest rate swap contracts as of December 31, 2019 ​ $ 1,337.2 ​ $ 14.7 ​ $ 6.1
Schedule of gains and losses on derivatives	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ March 31, ​ 2020 2019 Interest rate swap contracts(1) ​ (in millions) Loss recorded in AOCL on derivatives, before tax ​ $ 3.9 ​ $ 6.2 Tax expense ​ ​ (0.9) ​ ​ (3.1) Loss reclassified from AOCL into income, net ​ ​ 3.0 ​ ​ 3.1 (1) Losses on derivatives reclassified from AOCL into income will be included in “Interest expense” in the unaudited condensed consolidated statements of operations, the same income statement line item as the earnings effect of the hedged item.

General Information - Markets a

General Information - Markets and segments (Details)	3 Months Ended
	Mar. 31, 2020itemsegment
General Information
Number of markets in which high-speed data, video, and telephony services are provided | item	19
Number of reportable segments | segment	1

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Recently Adopted Accounting Pronouncements (Details) - ASU 2018-15	Jan. 01, 2020
Accounting Pronouncements
Change in Accounting Principle, Accounting Standards Update, Adopted	true
Change in Accounting Principle, Accounting Standards Update, Transition Option Elected	Prospective

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Revenue by Service Offering (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenue from Contracts with Customers
Total revenue	$ 284.5	$ 287.2
Subscription services
Revenue from Contracts with Customers
Revenue	264.6	265.2
HSD
Revenue from Contracts with Customers
Revenue	136.6	127.5
Video
Revenue from Contracts with Customers
Revenue	103.4	111
Telephony
Revenue from Contracts with Customers
Revenue	24.6	26.7
Other business services
Revenue from Contracts with Customers
Revenue	6.5	7.1
Other business services - Wholesale and colocation lease revenue
Revenue from Contracts with Customers
Revenue	5.4	5.5
Other services
Revenue from Contracts with Customers
Other revenue	13.4	14.9
Residential Subscription
Revenue from Contracts with Customers
Total revenue	228.8	231.5
Residential Subscription | Subscription services
Revenue from Contracts with Customers
Revenue	228.8	231.5
Residential Subscription | HSD
Revenue from Contracts with Customers
Revenue	115.3	108.1
Residential Subscription | Video
Revenue from Contracts with Customers
Revenue	99.5	107.4
Residential Subscription | Telephony
Revenue from Contracts with Customers
Revenue	14	16
Business Subscription
Revenue from Contracts with Customers
Total revenue	35.8	33.7
Business Subscription | Subscription services
Revenue from Contracts with Customers
Revenue	35.8	33.7
Business Subscription | HSD
Revenue from Contracts with Customers
Revenue	21.3	19.4
Business Subscription | Video
Revenue from Contracts with Customers
Revenue	3.9	3.6
Business Subscription | Telephony
Revenue from Contracts with Customers
Revenue	$ 10.6	$ 10.7

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Costs of Obtaining Contracts (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Dec. 31, 2019
Revenue from Contracts with Customers
Capitalized contract cost, Beginning of period	$ 40.7	$ 26.3
Deferral	5.7	4.8
Amortization	(2.7)	(1.5)
Capitalized contract cost, End of period	43.7	29.6
Current costs of obtaining contracts with customers			$ 11.2	$ 10
Non-current costs of obtaining contracts with customers			32.5	30.7
Total costs of obtaining contracts with customers	$ 43.7	$ 29.6	$ 43.7	$ 40.7

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Contract Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Dec. 31, 2019
Revenue from Contracts with Customers
Contract liability, Beginning of period	$ 4.2	$ 3.9
Deferral	3.7	3.9
Revenue recognized	(4)	(3.8)
Contract liability, End of period	3.9	4
Current portion of contract liabilities			$ 3.3	$ 3.6
Non-current portion of contract liabilities			0.6	0.6
Total contract liabilities	$ 3.9	$ 4	$ 3.9	$ 4.2

Revenue from Contracts with C_6

Revenue from Contracts with Customers - Unsatisfied Performance Obligations Amount (Details) $ in Millions	Mar. 31, 2020USD ($)
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	$ 145.8
Subscription services
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	138.1
Other business services
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	7.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	$ 62
Expected period to recognize revenue of remaining performance obligations	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01 | Maximum
Unsatisfied Performance Obligations
Expected period to recognize revenue of remaining performance obligations	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01 | Subscription services
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	$ 58.9
Expected period to recognize revenue of remaining performance obligations	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01 | Other business services
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	$ 3.1
Expected period to recognize revenue of remaining performance obligations	9 months
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	$ 53
Expected period to recognize revenue of remaining performance obligations	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01 | Subscription services
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	$ 50.2
Expected period to recognize revenue of remaining performance obligations	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01 | Other business services
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	$ 2.8
Expected period to recognize revenue of remaining performance obligations	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	$ 22.2
Expected period to recognize revenue of remaining performance obligations	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01 | Subscription services
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	$ 20.9
Expected period to recognize revenue of remaining performance obligations	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01 | Other business services
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	$ 1.3
Expected period to recognize revenue of remaining performance obligations	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	$ 8.6
Expected period to recognize revenue of remaining performance obligations
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01 | Subscription services
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	$ 8.1
Expected period to recognize revenue of remaining performance obligations
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01 | Other business services
Unsatisfied Performance Obligations
Expected revenue to be recognized in future periods	$ 0.5
Expected period to recognize revenue of remaining performance obligations

Revenue from Contracts with C_7

Revenue from Contracts with Customers - Provision for Doubtful Accounts (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenue from Contracts with Customers
Threshold period past due for trade accounts receivable for disconnecting service to customers	60 days
Change in the allowance for doubtful accounts
Balance at beginning of year	$ 7.5	$ 7.5
Provision charged to expense	5.3	3.5
Accounts written off, net of recoveries	(3.8)	(4)
Balance at end of year	9	$ 7
Allowance for doubtful accounts for non-trade accounts receivable	$ 2

Plant, Property and Equipment_2

Plant, Property and Equipment, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Plant, Property and Equipment, Net
Total plant, property and equipment	$ 3,065.6		$ 3,013.7
Less accumulated depreciation	(1,991.2)		(1,940)
Plant, Property and Equipment, Net	1,074.4		1,073.7
Depreciation expense	55.4	$ 49.2
Distribution facilities
Plant, Property and Equipment, Net
Total plant, property and equipment	1,846.3		1,780.7
Customer premise equipment
Plant, Property and Equipment, Net
Total plant, property and equipment	465.3		460.1
Head-end equipment
Plant, Property and Equipment, Net
Total plant, property and equipment	342.4		341.2
Telephony infrastructure
Plant, Property and Equipment, Net
Total plant, property and equipment	98.1		97.9
Computer equipment and software
Plant, Property and Equipment, Net
Total plant, property and equipment	150.6		146.4
Vehicles
Plant, Property and Equipment, Net
Total plant, property and equipment	36		37
Buildings and leasehold improvements
Plant, Property and Equipment, Net
Total plant, property and equipment	49.5		49.5
Office and technical equipment
Plant, Property and Equipment, Net
Total plant, property and equipment	34.2		33.5
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	$ 37		$ 61.2

Accrued Liabilities and Other_2

Accrued Liabilities and Other (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Accrued Liabilities and Other
Programming costs	$ 34.6	$ 33.4
Franchise and revenue sharing fees	9.1	10.9
Payroll and employee benefits	12.2	20.8
Property, income, sales and use taxes	3.9	2.4
Utility pole rentals	3.7	3.4
Interest rate swaps	23	14.7
Other accrued liabilities	10.8	10
Accrued liabilities and other	$ 97.3	$ 95.6

Long-Term Debt and Finance Le_3

Long-Term Debt and Finance Leases - Summary (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Long-Term Debt and Capital Leases
Available borrowing capacity	$ 208.5
Long-term debt	2,301.2	$ 2,275.3
Finance lease liability	22.2	23.1
Total long-term debt and finance lease obligations	2,323.4	2,298.4
Debt issuance costs, net	(7.4)	(8)
Sub-total	2,316	2,290.4
Less current portion	(31.3)	(30.9)
Long-term portion	$ 2,284.7	2,259.5
Term B Loans
Long-Term Debt and Capital Leases
Effective interest rate (as a percent)	5.28%
Long-term debt	$ 2,215.2	2,220.3
Debt issuance costs, net	(5.6)	(6)
Net discount	7.8	8.4
Revolving Credit Facility
Long-Term Debt and Capital Leases
Available borrowing capacity	$ 208.5
Effective interest rate (as a percent)	4.05%
Long-term debt	$ 86	55
Debt issuance costs, net	(1.8)	$ (2)
Maximum borrowing capacity	300
Outstanding letters of credit	$ 5.5

Long-Term Debt and Finance Le_4

Long-Term Debt and Finance Leases - Term B Loans and Revolving Credit Facility (Details) - USD ($) $ in Millions	Jul. 17, 2017	Mar. 31, 2020	Dec. 31, 2019
Long-Term Debt and Capital Leases
Long-term debt		$ 2,301.2	$ 2,275.3
Term B Loans
Long-Term Debt and Capital Leases
Long-term debt		2,215.2	2,220.3
Term B Loans | Alternate base rate
Long-Term Debt and Capital Leases
Basis spread on variable rate (as a percent)	2.25%
Term B Loans | Adjusted LIBOR rate
Long-Term Debt and Capital Leases
Basis spread on variable rate (as a percent)	3.25%
Revolving Credit Facility
Long-Term Debt and Capital Leases
Long-term debt		86	$ 55
Borrowings available		$ 300
Revolving Credit Facility | Alternate base rate
Long-Term Debt and Capital Leases
Basis spread on variable rate (as a percent)	2.00%
Revolving Credit Facility | Adjusted LIBOR rate
Long-Term Debt and Capital Leases
Basis spread on variable rate (as a percent)	3.00%

Stock-Based Compensation - 2017

Stock-Based Compensation - 2017 Plan and Activity (Details)	Mar. 31, 2020shares
2017 Plan
Stock Based Compensation
Number of authorized shares	12,074,128

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Activity (Details) - Restricted stock awards	3 Months Ended
	Mar. 31, 2020shares
Restricted Stock Awards
Outstanding, beginning of period (in shares)	3,140,168
Granted (in shares)	2,958,501
Vested (in shares)	(706,312)
Forfeited (in shares)	(100,080)
Outstanding, end of period (in shares)	5,292,277
Minimum
Additional information
Vesting period	3 years
Maximum
Additional information
Vesting period	4 years

Stock-Based Compensation - Expe

Stock-Based Compensation - Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Selling, general and administrative expense and operating expenses (excluding depreciation and amortization)
Stock-Based Compensation
Non-cash compensation expense	$ 2.7	$ 2.1

Earnings (Loss) per Common Sh_3

Earnings (Loss) per Common Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings (Loss) per Common Share
Net income	$ 0.1	$ 8.4
Basic weighted-average shares	81,037,633	80,348,870
Effect of dilutive securities:
Restricted stock awards	499,180	562,530
Diluted weighted-average shares	81,536,813	80,911,400
Basic net income (loss) per share (in dollars per share)	$ 0	$ 0.10
Diluted net income (loss) per share (in dollars per share)	$ 0	$ 0.10

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Financial Liabilities
Transfer of assets from level 1 to level 2	$ 0	$ 0
Transfer of assets from level 2 to level 1	0	0
Transfer of liabilities from level 1 to level 2	0	0
Transfer of liabilities from level 2 to level 1	0	0
Transfer of assets into level 3	0	0
Transfer of assets out of level 3	0	0
Transfer of liabilities into level 3	0	0
Transfer of liabilities out of level 3	0	0
Significant other observable inputs (Level 2) | Recurring
Financial Liabilities
Derivative instrument	25.1	20.8
Liabilities	$ 2,045.2	$ 2,220.3

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Summary (Details) - Interest rate swaps - Hedging $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)item	May 09, 2018USD ($)
Interest Rate Hedge
Notional amount		$ 1,361.2
Number of interest rate swaps | item	2
Term loan variable rate exposure (as a percent)	60.00%
Fixed rate (as a percent)	2.70%
Carrying amount
Interest Rate Hedge
Long-term debt	$ 2,309
Reclassification of losses out of accumulated other comprehensive loss into earnings within next 12 months	$ 23

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Notional amounts, fair values and classification (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivatives
Derivative current liabilities, fair value	$ 23	$ 14.7
Interest rate swaps | Cash flow hedging
Derivatives
Notional amount	1,333.8	1,337.2
Interest rate swaps | Cash flow hedging | Accrued Liabilities and Other
Derivatives
Derivative current liabilities, fair value	23	14.7
Interest rate swaps | Cash flow hedging | Other non-current liabilities
Derivatives
Derivative noncurrent liabilities, fair value	$ 2.1	$ 6.1

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Gains and losses on derivatives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Gains and losses on derivatives
Tax expense	$ 0.9	$ 3.1
Loss reclassified from AOCL into income, net	3	3.1
Interest expense
Gains and losses on derivatives
Loss recorded in AOCL on derivatives, before tax	3.9	6.2
Interest rate swaps | Hedging | Cash flow hedging
Gains and losses on derivatives
Losses on derivative	$ 3.8	$ 0.7

Income Taxes - Income tax expen

Income Taxes - Income tax expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Components of income tax benefit (expense) from continuing operations
Income tax expense	$ 0.8	$ 3

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) $ in Millions	Mar. 31, 2020USD ($)
Income Taxes
Amount of refundable alternative minimum tax carryforwards expected to be refunded within the next 12 months	$ 4.4

Commitments and Contingencies (

Commitments and Contingencies (Details) - IPO Shareholder Class Action	Mar. 31, 2020plaintiffitem
Commitments and contingencies
Number of plaintiff firms | item	4
Number of lawsuits	5
New York
Commitments and contingencies
Number of lawsuits	3
Colorado
Commitments and contingencies
Number of lawsuits	2