Shenandoah Telecommunications (SHEN) 10-Q 1 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 24, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'SHENANDOAH TELECOMMUNICATIONS CO/VA/	'
Entity Central Index Key	'0000354963	'
Current Fiscal Year End Date	'--12-31	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	24,113,100
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'

UNAUDITED_CONSOLIDATED_BALANCE

UNAUDITED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current Assets	'	'
Cash and cash equivalents	$72,085	$38,316
Accounts receivable, net	26,844	25,824
Income taxes receivable	0	16,576
Materials and supplies	7,595	10,715
Prepaid expenses and other	4,411	5,580
Deferred income taxes	866	963
Total current assets	111,801	97,974
Investments, including $2,656 and $2,528 carried at fair value	9,668	9,332
Property, plant and equipment, net	405,810	408,963
Other Assets	'	'
Intangible assets, net	69,165	70,816
Deferred charges and other assets, net	7,559	9,921
Net other assets	76,724	80,737
Total assets	604,003	597,006
Current Liabilities	'	'
Current maturities of long-term debt	17,250	5,750
Accounts payable	8,478	12,604
Advanced billings and customer deposits	11,912	11,661
Accrued compensation	2,961	4,192
Income taxes payable	581	0
Accrued liabilities and other	8,333	9,787
Total current liabilities	49,515	43,994
Long-term debt, less current maturities	212,750	224,250
Other Long-Term Liabilities	'	'
Deferred income taxes	68,228	74,547
Deferred lease payable	6,658	6,156
Asset retirement obligations	6,763	6,485
Other liabilities	8,326	7,259
Total other long-term liabilities	89,975	94,447
Commitments and Contingencies	'	'
Shareholders' Equity	'	'
Common stock	28,236	26,759
Accumulated other comprehensive income	1,334	2,594
Retained earnings	222,193	204,962
Total shareholders' equity	251,763	234,315
Total liabilities and shareholders' equity	$604,003	$597,006

UNAUDITED_CONSOLIDATED_BALANCE1

UNAUDITED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current Assets	'	'
Investments at fair value	$2,656	$2,528

UNAUDITED_CONSOLIDATED_STATEME

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) [Abstract]	'	'	'	'
Operating revenues	$81,416	$77,454	$161,868	$153,463
Operating expenses:	'	'	'	'
Cost of goods and services, exclusive of depreciation and amortization shown separately below	32,403	30,528	64,639	61,229
Selling, general and administrative, exclusive of depreciation and amortization shown separately below	16,625	16,355	33,773	32,484
Depreciation and amortization	16,595	16,071	31,983	30,042
Total operating expenses	65,623	62,954	130,395	123,755
Operating income	15,793	14,500	31,473	29,708
Other income (expense):	'	'	'	'
Interest expense	-2,065	-2,068	-4,112	-4,220
Gain on investments, net	114	30	96	178
Non-operating income, net	459	458	1,086	979
Income before taxes	14,301	12,920	28,543	26,645
Income tax expense	5,686	5,078	11,312	10,452
Net income	8,615	7,842	17,231	16,193
Other comprehensive income (loss):	'	'	'	'
Unrealized gain (loss) on interest rate hedge, net of tax	-913	2,775	-1,260	3,307
Comprehensive Income	$7,702	$10,617	$15,971	$19,500
Earnings per share:	'	'	'	'
Basic (in dollars per share)	$0.36	$0.33	$0.72	$0.67
Diluted (in dollars per share)	$0.35	$0.33	$0.71	$0.67
Weighted average shares outstanding, basic (in shares)	24,102	23,996	24,080	23,985
Weighted average shares outstanding, diluted (in shares)	24,320	24,078	24,271	24,055

UNAUDITED_CONSOLIDATED_STATEME1

UNAUDITED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (USD $)	Common Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
In Thousands, unless otherwise specified
Balance at Dec. 31, 2012	$24,688	$184,023	($863)	$207,848
Balance (in shares) at Dec. 31, 2012	23,962	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'
Net income	0	29,586	0	29,586
Other comprehensive income (loss), net of tax	0	0	3,457	3,457
Dividends declared	0	-8,647	0	-8,647
Dividends reinvested in common stock	475	0	0	475
Dividends reinvested in common stock (in shares)	20	'	'	'
Stock based compensation	1,938	0	0	1,938
Stock options exercised	1,186	0	0	1,186
Stock options exercised (in shares)	66	'	'	'
Common stock issued for share awards	0	0	0	0
Common stock issued for share awards (in shares)	68	'	'	'
Common stock issued	10	0	0	10
Common stock issued (in shares)	1	'	'	'
Common stock repurchased	-1,600	0	0	-1,600
Common stock repurchased (in shares)	-77	'	'	'
Net excess tax benefit from stock options exercised	62	0	0	62
Balance at Dec. 31, 2013	26,759	204,962	2,594	234,315
Balance (in shares) at Dec. 31, 2013	24,040	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'
Net income	0	17,231	0	17,231
Other comprehensive income (loss), net of tax	0	0	-1,260	-1,260
Stock based compensation	1,730	0	0	1,730
Stock options exercised	1,119	0	0	1,119
Stock options exercised (in shares)	50	'	'	'
Common stock issued for share awards	0	0	0	0
Common stock issued for share awards (in shares)	81	'	'	'
Common stock issued	5	0	0	5
Common stock issued (in shares)	1	'	'	'
Common stock repurchased	-1,771	0	0	-1,771
Common stock repurchased (in shares)	-59	'	'	'
Net excess tax benefit from stock options exercised	394	0	0	394
Balance at Jun. 30, 2014	$28,236	$222,193	$1,334	$251,763
Balance (in shares) at Jun. 30, 2014	24,113	'	'	'

UNAUDITED_CONSOLIDATED_STATEME2

UNAUDITED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2013
UNAUDITED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY [Abstract]	'
Dividends declared per share (in dollars per share)	$0.36

UNAUDITED_CONSOLIDATED_STATEME3

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash Flows from Operating Activities	'	'
Net income	$17,231	$16,193
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	30,325	27,714
Amortization	1,658	2,328
Provision for bad debt	550	952
Stock based compensation expense	1,730	1,045
Excess tax benefits on stock awards	-394	-61
Deferred income taxes	-4,983	253
Net (gain) loss on disposal of equipment	-313	167
Realized gain on disposal of investments	0	-2
Unrealized gains on investments	-74	-103
Net gains from patronage and equity investments	-289	-311
Other	263	1,152
(Increase) decrease in:	'	'
Accounts receivable	-1,570	-722
Materials and supplies	3,120	1,778
Income taxes receivable	16,576	-84
Increase (decrease) in:	'	'
Accounts payable	2,367	2,444
Deferred lease payable	502	679
Income taxes payable	581	0
Other prepaids, deferrals and accruals	-704	-1,267
Net cash provided by operating activities	66,576	52,155
Cash Flows from Investing Activities	'	'
Purchase and construction of property, plant and equipment	-32,804	-48,482
Proceeds from sale of assets	0	25
Proceeds from sale of equipment	223	290
(Purchase) sale of investment securities	0	-12
Proceeds from sale of investment securities	27	64
Net cash used in investing activities	-32,554	-48,115
Cash Flows from Financing Activities	'	'
Principal payments on long-term debt	0	-1,460
Excess tax benefits on stock awards	394	61
Repurchases of stock	-1,771	-330
Proceeds from issuances of stock	1,124	5
Net cash used in financing activities	-253	-1,724
Net increase in cash and cash equivalents	33,769	2,316
Cash and cash equivalents:	'	'
Beginning	38,316	71,086
Ending	72,085	73,402
Cash payments for:	'	'
Interest	3,930	4,390
Income taxes (received) paid	($580)	$10,283

UNAUDITED_CONSOLIDATED_STATEME4

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2013
Other cash flow information:	'	'
Exchange of equipment for new equipment purchase	$10,778,000	'
Capital expenditures	'	$7,600,000

Basis_of_Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2014
Basis of Presentation [Abstract]	'
Basis of Presentation	'
	1.  Basis of Presentation
	The interim consolidated financial statements of Shenandoah Telecommunications Company and Subsidiaries (collectively, the “Company”) are unaudited.  In the opinion of management, all adjustments necessary for a fair presentation of the interim results have been reflected therein.  All such adjustments were of a normal and recurring nature.  These statements should be read in conjunction with the consolidated financial statements and related notes in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.  The balance sheet information at December 31, 2013 was derived from the audited December 31, 2013 consolidated balance sheet.  Operating revenues and income from operations for any interim period are not necessarily indicative of results that may be expected for the entire year.

Property_Plant_and_Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment	'
	2.  Property, Plant and Equipment
	Property, plant and equipment consisted of the following (in thousands):
		30-Jun-14		31-Dec-13
	Plant in service	$	666,830	$	633,480
	Plant under construction		16,118		23,181
			682,948		656,661
	Less accumulated amortization and depreciation		277,138		247,698
	Net property, plant and equipment	$	405,810	$	408,963

Earnings_per_share

Earnings per share	6 Months Ended
	Jun. 30, 2014
Earnings per share [Abstract]	'
Earnings per share	'
	3.  Earnings per share
	Basic net income per share was computed on the weighted average number of shares outstanding.  Diluted net income per share was computed under the treasury stock method, assuming the conversion as of the beginning of the period, for all dilutive stock options.  Of 694 thousand and 809 thousand shares and options outstanding at June 30, 2014 and 2013, respectively, zero and 345 thousand were anti-dilutive, respectively.  These options have been excluded from the computations of diluted earnings per share for their respective period.  There were no adjustments to net income for either period.

Investments_Carried_at_Fair_Va

Investments Carried at Fair Value	6 Months Ended
	Jun. 30, 2014
Investments Carried at Fair Value [Abstract]	'
Investments Carried at Fair Value	'
	4.  Investments Carried at Fair Value
	Investments include $2.7 million and $2.5 million of investments carried at fair value as of June 30, 2014 and December 31, 2013, respectively, consisting of equity, bond and money market mutual funds.  These investments were acquired under a rabbi trust arrangement related to a non-qualified supplemental retirement plan maintained by the Company.  During the six months ended June 30, 2014, the Company recognized $104 thousand in dividend and interest income from investments, and recorded net unrealized gains of $74 thousand on these investments.  Fair values for these investments held under the rabbi trust were determined by Level 1 quoted market prices for the underlying mutual funds.

Financial_Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2014
Financial Instruments [Abstract]	'
Financial Instruments	'
	5.  Financial Instruments
	Financial instruments on the consolidated balance sheets that approximate fair value include:  cash and cash equivalents, receivables, investments carried at fair value, payables, accrued liabilities, interest rate swaps and variable rate long-term debt.

Derivative_Instruments_Hedging

Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2014
Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income [Abstract]	'
Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income	'
	6.  Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income
	The Company’s objectives in using interest rate derivatives are to add stability to cash flows and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps (both those designated as cash flow hedges as well as those not designated as cash flow hedges) involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount.
	The Company entered into a pay-fixed, receive-variable interest rate swap of $63.3 million of notional principal in August 2010.  This interest rate swap was not designated as a cash flow hedge.  Changes in the fair value of interest rate swaps not designated as cash flow hedges are recorded in interest expense each reporting period.  The changes in fair value recorded in interest expense for the three and six months ended June 30, 2013 were decreases of $102 thousand and $206 thousand, respectively. This swap expired in July 2013.
	The Company entered into a pay-fixed, receive-variable interest rate swap of $174.6 million of notional principal in September 2012.  This interest rate swap was designated as a cash flow hedge.  The total outstanding notional amount of cash flow hedges was $174.6 million as of June 30, 2014.
	The effective portion of changes in the fair value of interest rate swaps designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The Company uses its derivatives to hedge the variable cash flows associated with existing variable-rate debt. The ineffective portion of the change in fair value of the derivative is recognized directly in earnings through interest expense. No hedge ineffectiveness was recognized during any of the periods presented.
	Amounts reported in accumulated other comprehensive income related to the interest rate swap designated and that qualify as a cash flow hedge are reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. As of June 30, 2014, the Company estimates that $1.6 million will be reclassified as an increase to interest expense during the next twelve months due to the interest rate swap since the hedge interest rate exceeds the variable interest rate on the debt.
	The table below presents the fair value of the Company’s derivative financial instruments as well as its classification on the consolidated balance sheet as of June 30, 2014 and December 31, 2013 (in thousands; amounts in parentheses indicate debits):
		Derivatives
				Fair Value as of
		Balance Sheet Location		30-Jun-14				31-Dec-13
	Derivatives designated as hedging instruments:
	Interest rate swaps	Accrued liabilities and other		$	1,613			$	1,590
		Deferred charges and other assets net			(3,846	)			(5,926	)
	Total derivatives designated as hedging instruments			$	(2,233	)		$	(4,336	)
	The fair value of interest rate swaps is determined using a pricing model with inputs that are observable in the market (level 2 fair value inputs).
	The table below presents change in accumulated other comprehensive income by component for the six months ended June 30, 2014 (in thousands):
			Gains and (Losses) on Cash Flow Hedges				Income Tax Expense (Benefit)				Accumulated Other Comprehensive Income (Loss)
	Balance as of December 31, 2013		$	4,336			$	(1,742	)		$	2,594
	Other comprehensive income before reclassifications			(2,957	)			1,184				(1,773	)
	Amounts reclassified from accumulated other comprehensive income (to interest expense)			854				(341	)			513
	Net current period other comprehensive income (loss)			(2,103	)			843				(1,260	)
	Balance as of June 30, 2014		$	2,233			$	(899	)		$	1,334

Segment_Information

Segment Information	6 Months Ended
	Jun. 30, 2014
Segment Information [Abstract]	'
Segment Information	'
	7.  Segment Information
	Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision makers.  The Company has three reportable segments, which the Company operates and manages as strategic business units organized by lines of business: (1) Wireless, (2) Cable, and (3) Wireline.   A fourth segment, Other, primarily includes Shenandoah Telecommunications Company, the parent holding company.
	The Wireless segment provides digital wireless service to a portion of a four-state area covering the region from Harrisburg, York and Altoona, Pennsylvania, to Harrisonburg, Virginia, as a Sprint PCS Affiliate of Sprint.  This segment also owns cell site towers built on leased land, and leases space on these towers to both affiliates and non-affiliated service providers.
	The Cable segment provides video, internet and voice services in Virginia, West Virginia and Maryland.  It does not include video, internet and voice services provided to customers in Shenandoah County, Virginia.
	The Wireline segment provides regulated and unregulated voice services, DSL internet access, and long distance access services throughout Shenandoah County and portions of Rockingham, Frederick, Warren and Augusta counties, Virginia. The segment also provides video services in portions of Shenandoah County, and leases fiber optic facilities throughout the northern Shenandoah Valley of Virginia, northern Virginia and adjacent areas along the Interstate 81 corridor, through West Virginia and Maryland.
	Three months ended June 30, 2014
																Consolidated
	(in thousands)	Wireless			Cable			Wireline		Other			Eliminations			Totals
	External revenues
	Service revenues	$	47,868		$	17,416		$	5,120	$	-		$	-		$	70,404
	Other		2,813			3,388			4,811		-			-			11,012
	Total external revenues		50,681			20,804			9,931		-			-			81,416
	Internal revenues		1,094			33			5,713		-			(6,840	)		-
	Total operating revenues		51,775			20,837			15,644		-			(6,840	)		81,416
	Operating expenses
	Costs of goods and services, exclusive of depreciation and amortization shown separately below		18,476			12,421			7,737		-			(6,231	)		32,403
	Selling, general and administrative, exclusive of depreciation and amortization shown separately below		7,657			4,735			1,493		3,349			(609	)		16,625
	Depreciation and amortization		8,071			5,766			2,653		105			-			16,595
	Total operating expenses		34,204			22,922			11,883		3,454			(6,840	)		65,623
	Operating income (loss)		17,571			(2,085	)		3,761		(3,454	)		-			15,793
	Three months ended June 30, 2013
																Consolidated
	(in thousands)	Wireless			Cable			Wireline		Other			Eliminations			Totals
	External revenues
	Service revenues	$	46,362		$	16,325		$	5,558	$	-		$	-		$	68,245
	Other		2,328			2,357			4,524		-			-			9,209
	Total external revenues		48,690			18,682			10,082		-			-			77,454
	Internal revenues		1,076			53			5,169		-			(6,298	)		-
	Total operating revenues		49,766			18,735			15,251		-			(6,298	)		77,454
	Operating expenses
	Costs of goods and services, exclusive of depreciation and amortization shown separately below		17,854			11,239			7,198		-			(5,763	)		30,528
	Selling, general and administrative, exclusive of depreciation and amortization shown separately below		8,068			4,500			1,251		3,071			(535	)		16,355
	Depreciation and amortization		7,781			5,479			2,802		9			-			16,071
	Total operating expenses		33,703			21,218			11,251		3,080			(6,298	)		62,954
	Operating income (loss)		16,063			(2,483	)		4,000		(3,080	)		-			14,500
	Six months ended June 30, 2014
																Consolidated
	(in thousands)	Wireless			Cable			Wireline		Other			Eliminations			Totals
	External revenues
	Service revenues	$	95,100		$	34,840		$	10,220	$	-		$	-		$	140,160
	Other		5,569			6,418			9,721		-			-			21,708
	Total external revenues		100,669			41,258			19,941		-			-			161,868
	Internal revenues		2,184			59			11,478		-			(13,721	)		-
	Total operating revenues		102,853			41,317			31,419		-			(13,721	)		161,868
	Operating expenses
	Costs of goods and services, exclusive of depreciation and amortization shown separately below		37,132			24,811			15,219		-			(12,523	)		64,639
	Selling, general and administrative, exclusive of depreciation and amortization shown separately below		16,089			9,381			2,737		6,764			(1,198	)		33,773
	Depreciation and amortization		15,268			11,170			5,350		195			-			31,983
	Total operating expenses		68,489			45,362			23,306		6,959			(13,721	)		130,395
	Operating income (loss)		34,364			(4,045	)		8,113		(6,959	)		-			31,473
	Six months ended June 30, 2013
																Consolidated
	(in thousands)	Wireless			Cable			Wireline		Other			Eliminations			Totals
	External revenues
	Service revenues	$	90,427		$	32,487		$	11,021	$	-		$	-		$	133,935
	Other		5,347			4,659			9,522		-			-			19,528
	Total external revenues		95,774			37,146			20,543		-			-			153,463
	Internal revenues		2,149			102			9,808		-			(12,059	)		-
	Total operating revenues		97,923			37,248			30,351		-			(12,059	)		153,463
	Operating expenses
	Costs of goods and services, exclusive of depreciation and amortization shown separately below		35,385			22,461			14,364		-			(10,981	)		61,229
	Selling, general and administrative, exclusive of depreciation and amortization shown separately below		15,955			8,924			2,612		6,071			(1,078	)		32,484
	Depreciation and amortization		13,809			10,684			5,532		17			-			30,042
Total operating expenses		65,149			42,069			22,508		6,088			(12,059	)		123,755
Operating income (loss)		32,774			(4,821	)		7,843		(6,088	)		-			29,708
A reconciliation of the total of the reportable segments’ operating income to consolidated income before taxes is as follows:
	Three Months Ended
	June 30,
	2014			2013
Total consolidated operating income	$	15,793		$	14,500
Interest expense		(2,065	)		(2,068	)
Non-operating income (expense), net		573			488
Income before taxes	$	14,301		$	12,920
	Six Months Ended
	June 30,
	2014			2013
Total consolidated operating income	$	31,473		$	29,708
Interest expense		(4,112	)		(4,220	)
Non-operating income (expense), net		1,182			1,157
Income before taxes	$	28,543		$	26,645
The Company’s assets by segment are as follows:
	June 30,			December 31,
(in thousands)	2014			2013
Wireless	$	233,637		$	229,038
Cable		208,092			199,184
Wireline		89,487			92,455
Other		417,790			435,804
Combined totals		949,006			956,481
Inter-segment eliminations		(345,003	)		(359,475	)
Consolidated totals	$	604,003		$	597,006

Income_Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	8.  Income Taxes
	The Company files U.S. federal income tax returns and various state and local income tax returns.  With few exceptions, years prior to 2010 are no longer subject to examination. The Company is under audit in the state of Maryland for the 2009, 2010 and 2011 tax years.  No other state or federal income tax audits were in process as of June 30, 2014.

Property_Plant_and_Equipment_T

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment	'
	Property, plant and equipment consisted of the following (in thousands):
		30-Jun-14		31-Dec-13
	Plant in service	$	666,830	$	633,480
	Plant under construction		16,118		23,181
			682,948		656,661
	Less accumulated amortization and depreciation		277,138		247,698
	Net property, plant and equipment	$	405,810	$	408,963

Derivative_Instruments_Hedging1

Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2014
Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income [Abstract]	'
Schedule of derivative financial instruments as well as its classification on the consolidated balance sheet	'
	The table below presents the fair value of the Company’s derivative financial instruments as well as its classification on the consolidated balance sheet as of June 30, 2014 and December 31, 2013 (in thousands; amounts in parentheses indicate debits):
		Derivatives
				Fair Value as of
		Balance Sheet Location		30-Jun-14				31-Dec-13
	Derivatives designated as hedging instruments:
	Interest rate swaps	Accrued liabilities and other		$	1,613			$	1,590
		Deferred charges and other assets net			(3,846	)			(5,926	)
	Total derivatives designated as hedging instruments			$	(2,233	)		$	(4,336	)
Schedule of accumulated other comprehensive income (loss)	'
	The table below presents change in accumulated other comprehensive income by component for the six months ended June 30, 2014 (in thousands):
			Gains and (Losses) on Cash Flow Hedges				Income Tax Expense (Benefit)				Accumulated Other Comprehensive Income (Loss)
	Balance as of December 31, 2013		$	4,336			$	(1,742	)		$	2,594
	Other comprehensive income before reclassifications			(2,957	)			1,184				(1,773	)
	Amounts reclassified from accumulated other comprehensive income (to interest expense)			854				(341	)			513
	Net current period other comprehensive income (loss)			(2,103	)			843				(1,260	)
	Balance as of June 30, 2014		$	2,233			$	(899	)		$	1,334

Segment_Information_Tables

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2014
Segment Information [Abstract]	'
Selected Financial Data for Segments	'
	The Wireline segment provides regulated and unregulated voice services, DSL internet access, and long distance access services throughout Shenandoah County and portions of Rockingham, Frederick, Warren and Augusta counties, Virginia. The segment also provides video services in portions of Shenandoah County, and leases fiber optic facilities throughout the northern Shenandoah Valley of Virginia, northern Virginia and adjacent areas along the Interstate 81 corridor, through West Virginia and Maryland.
	Three months ended June 30, 2014
																Consolidated
	(in thousands)	Wireless			Cable			Wireline		Other			Eliminations			Totals
	External revenues
	Service revenues	$	47,868		$	17,416		$	5,120	$	-		$	-		$	70,404
	Other		2,813			3,388			4,811		-			-			11,012
	Total external revenues		50,681			20,804			9,931		-			-			81,416
	Internal revenues		1,094			33			5,713		-			(6,840	)		-
	Total operating revenues		51,775			20,837			15,644		-			(6,840	)		81,416
	Operating expenses
	Costs of goods and services, exclusive of depreciation and amortization shown separately below		18,476			12,421			7,737		-			(6,231	)		32,403
	Selling, general and administrative, exclusive of depreciation and amortization shown separately below		7,657			4,735			1,493		3,349			(609	)		16,625
	Depreciation and amortization		8,071			5,766			2,653		105			-			16,595
	Total operating expenses		34,204			22,922			11,883		3,454			(6,840	)		65,623
	Operating income (loss)		17,571			(2,085	)		3,761		(3,454	)		-			15,793
	Three months ended June 30, 2013
																Consolidated
	(in thousands)	Wireless			Cable			Wireline		Other			Eliminations			Totals
	External revenues
	Service revenues	$	46,362		$	16,325		$	5,558	$	-		$	-		$	68,245
	Other		2,328			2,357			4,524		-			-			9,209
	Total external revenues		48,690			18,682			10,082		-			-			77,454
	Internal revenues		1,076			53			5,169		-			(6,298	)		-
	Total operating revenues		49,766			18,735			15,251		-			(6,298	)		77,454
	Operating expenses
	Costs of goods and services, exclusive of depreciation and amortization shown separately below		17,854			11,239			7,198		-			(5,763	)		30,528
	Selling, general and administrative, exclusive of depreciation and amortization shown separately below		8,068			4,500			1,251		3,071			(535	)		16,355
	Depreciation and amortization		7,781			5,479			2,802		9			-			16,071
	Total operating expenses		33,703			21,218			11,251		3,080			(6,298	)		62,954
	Operating income (loss)		16,063			(2,483	)		4,000		(3,080	)		-			14,500
	Six months ended June 30, 2014
																Consolidated
	(in thousands)	Wireless			Cable			Wireline		Other			Eliminations			Totals
	External revenues
	Service revenues	$	95,100		$	34,840		$	10,220	$	-		$	-		$	140,160
	Other		5,569			6,418			9,721		-			-			21,708
	Total external revenues		100,669			41,258			19,941		-			-			161,868
	Internal revenues		2,184			59			11,478		-			(13,721	)		-
	Total operating revenues		102,853			41,317			31,419		-			(13,721	)		161,868
	Operating expenses
	Costs of goods and services, exclusive of depreciation and amortization shown separately below		37,132			24,811			15,219		-			(12,523	)		64,639
	Selling, general and administrative, exclusive of depreciation and amortization shown separately below		16,089			9,381			2,737		6,764			(1,198	)		33,773
	Depreciation and amortization		15,268			11,170			5,350		195			-			31,983
	Total operating expenses		68,489			45,362			23,306		6,959			(13,721	)		130,395
	Operating income (loss)		34,364			(4,045	)		8,113		(6,959	)		-			31,473
	Six months ended June 30, 2013
																Consolidated
	(in thousands)	Wireless			Cable			Wireline		Other			Eliminations			Totals
	External revenues
	Service revenues	$	90,427		$	32,487		$	11,021	$	-		$	-		$	133,935
	Other		5,347			4,659			9,522		-			-			19,528
	Total external revenues		95,774			37,146			20,543		-			-			153,463
	Internal revenues		2,149			102			9,808		-			(12,059	)		-
	Total operating revenues		97,923			37,248			30,351		-			(12,059	)		153,463
	Operating expenses
	Costs of goods and services, exclusive of depreciation and amortization shown separately below		35,385			22,461			14,364		-			(10,981	)		61,229
	Selling, general and administrative, exclusive of depreciation and amortization shown separately below		15,955			8,924			2,612		6,071			(1,078	)		32,484
	Depreciation and amortization		13,809			10,684			5,532		17			-			30,042
	Total operating expenses		65,149			42,069			22,508		6,088			(12,059	)		123,755
	Operating income (loss)		32,774			(4,821	)		7,843		(6,088	)		-			29,708
Reconciliation of Income from Continuing Operations from Segments to Consolidated	'
	A reconciliation of the total of the reportable segments’ operating income to consolidated income before taxes is as follows:
		Three Months Ended
		June 30,
		2014			2013
	Total consolidated operating income	$	15,793		$	14,500
	Interest expense		(2,065	)		(2,068	)
	Non-operating income (expense), net		573			488
	Income before taxes	$	14,301		$	12,920
		Six Months Ended
		June 30,
		2014			2013
	Total consolidated operating income	$	31,473		$	29,708
	Interest expense		(4,112	)		(4,220	)
	Non-operating income (expense), net		1,182			1,157
	Income before taxes	$	28,543		$	26,645
Assets by Segment	'
	The Company’s assets by segment are as follows:
		June 30,			December 31,
	(in thousands)	2014			2013
	Wireless	$	233,637		$	229,038
	Cable		208,092			199,184
	Wireline		89,487			92,455
	Other		417,790			435,804
	Combined totals		949,006			956,481
	Inter-segment eliminations		(345,003	)		(359,475	)
	Consolidated totals	$	604,003		$	597,006

Property_Plant_and_Equipment_D

Property, Plant and Equipment (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Property, plant and equipment [Abstract]	'	'
Total property, plant and equipment	$682,948	$656,661
Less accumulated amortization and depreciation	277,138	247,698
Net property, plant and equipment	405,810	408,963
Plant in Service [Member]	'	'
Property, plant and equipment [Abstract]	'	'
Total property, plant and equipment	666,830	633,480
Plant under Construction [Member]	'	'
Property, plant and equipment [Abstract]	'	'
Total property, plant and equipment	$16,118	$23,181

Earnings_per_share_Details

Earnings per share (Details)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Earnings per share [Abstract]	'	'
Shares and options outstanding (in shares)	694	809
Options [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Antidilutive securities excluded from computation of diluted earnings per share (in shares)	0	345

Investments_Carried_at_Fair_Va1

Investments Carried at Fair Value (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Investments Carried at Fair Value [Abstract]	'	'	'
Investments at fair value	$2,656	'	$2,528
Dividend and interest income from investments	104	'	'
Net unrealized gains recognized	$74	$103	'

Derivative_Instruments_Hedging2

Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income (Details) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2012

Aug. 31, 2010

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2013

Jun. 30, 2014

Gains and (Losses) on Cash Flow Hedges [Member]

Interest Rate Swaps [Member]

Interest Rate Swaps [Member]

Interest Rate Swaps [Member]

Designated as Hedging Instrument [Member]

Designated as Hedging Instrument [Member]

Designated as Hedging Instrument [Member]

Designated as Hedging Instrument [Member]

Designated as Hedging Instrument [Member]

Designated as Hedging Instrument [Member]

Interest Expense [Member]

Interest Expense [Member]

Interest Rate Swaps [Member]

Interest Rate Swaps [Member]

Accrued liabilities and other [Member]

Accrued liabilities and other [Member]

Deferred charges, and other assets net [Member]

Deferred charges, and other assets net [Member]

Interest Rate Swaps [Member]

Interest Rate Swaps [Member]

Interest Rate Swaps [Member]

Interest Rate Swaps [Member]

Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notional amount of cash flow hedges

$174,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivative Instruments, Gain (Loss) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Changes in fair value recorded in interest expense

'

'

'

'

'

'

'

'

'

'

'

'

102,000

'

Amount reclassified as an increase to interest expense during next twelve months

'

'

'

'

'

'

'

'

'

'

'

'

'

1,600,000

Derivatives, Fair Value [Line Items]

'

'

'

'

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'

'

'

'

'

'

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Amount of notional principal interest rate swap

'

'

'

'

174,600,000

63,300,000

'

'

'

'

'

'

'

'

Derivative, expiry date

'

'

'

31-Jul-13

'

'

'

'

'

'

'

'

'

'

Derivatives Liabilities, Fair Value

'

'

'

'

'

'

'

'

1,613,000

1,590,000

'

'

'

'

Derivative Assets, Fair Value

'

'

'

'

'

'

'

'

'

'

-3,846,000

-5,926,000

'

'

Derivative Assets (Liabilities), at Fair Value, Net

'

'

'

'

'

'

-2,233,000

-4,336,000

'

'

'

'

'

'

Accumulated Other Comprehensive Income (Loss), before Tax [Roll Forward]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accumulated Other Comprehensive Income (Loss), before Tax

'

'

4,336,000

'

'

'

'

'

'

'

'

'

'

'

Other comprehensive income before reclassifications, before tax

'

'

-2,957,000

'

'

'

'

'

'

'

'

'

'

'

Amounts reclassified from accumulated other comprehensive income (to interest expense), before tax

'

'

854,000

'

'

'

'

'

'

'

'

'

'

'

Net current period other comprehensive income (loss), before tax

'

'

-2,103,000

'

'

'

'

'

'

'

'

'

'

'

Accumulated Other Comprehensive Income (Loss), before Tax

'

'

2,233,000

'

'

'

'

'

'

'

'

'

'

'

Accumulated Other Comprehensive Income (Loss), Tax [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accumulated Other Comprehensive Income (Loss), tax

'

'

-1,742,000

'

'

'

'

'

'

'

'

'

'

'

Other comprehensive income before reclassifications, tax

'

'

1,184,000

'

'

'

'

'

'

'

'

'

'

'

Amounts reclassified From accumulated other comprehensive income (to interest expense), tax

'

'

-341,000

'

'

'

'

'

'

'

'

'

'

'

Net current period other comprehensive income (loss), tax

'

'

843,000

'

'

'

'

'

'

'

'

'

'

'

Accumulated Other Comprehensive Income (Loss), tax

'

'

-899,000

'

'

'

'

'

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'

'

'

'

'

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

'

'

'

'

'

'

'

'

'

'

'

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'

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Accumulated Other Comprehensive Income (Loss), net of tax

1,334,000

2,594,000

2,594,000

'

'

'

'

'

'

'

'

'

'

'

Other comprehensive income before reclassifications, net of tax

'

'

-1,773,000

'

'

'

'

'

'

'

'

'

'

'

Amounts reclassified from accumulated other comprehensive income (to interest expense), net of tax

'

'

513,000

'

'

'

'

'

'

'

'

'

'

'

Net current period other comprehensive income (loss), net of tax

'

'

-1,260,000

'

'

'

'

'

'

'

'

'

'

'

Accumulated Other Comprehensive Income (Loss), net of tax

$1,334,000

$2,594,000

$1,334,000

'

'

'

'

'

'

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'

'

'

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
	State		Segment
			State
Segment Information [Abstract]	'	'	'	'	'
Number of reportable segments	'	'	3	'	'
Non Sprint operations, number of states	4	'	4	'	'
Financial data for each segment [Abstract]	'	'	'	'	'
Service revenues	$70,404	$68,245	$140,160	$133,935	'
Other revenues	11,012	9,209	21,708	19,528	'
Total external revenues	81,416	77,454	161,868	153,463	'
Internal revenues	0	0	0	0	'
Total operating revenues	81,416	77,454	161,868	153,463	'
Operating expenses [Abstract]	'	'	'	'	'
Cost of goods and services, exclusive of depreciation and amortization shown separately below	32,403	30,528	64,639	61,229	'
Selling, general and administrative, exclusive of depreciation and amortization shown separately below	16,625	16,355	33,773	32,484	'
Depreciation and amortization	16,595	16,071	31,983	30,042	'
Total operating expenses	65,623	62,954	130,395	123,755	'
Operating income (loss)	15,793	14,500	31,473	29,708	'
Reconciliation of income from continuing operations from segments to consolidated [Abstract]	'	'	'	'	'
Total consolidated operating income	15,793	14,500	31,473	29,708	'
Interest expense	-2,065	-2,068	-4,112	-4,220	'
Non-operating income (expense), net	573	488	1,182	1,157	'
Income before taxes	14,301	12,920	28,543	26,645	'
Assets by segment [Abstract]	'	'	'	'	'
Assets	604,003	'	604,003	'	597,006
Wireless [Member]	'	'	'	'	'
Assets by segment [Abstract]	'	'	'	'	'
Assets	233,637	'	233,637	'	229,038
Cable [Member]	'	'	'	'	'
Assets by segment [Abstract]	'	'	'	'	'
Assets	208,092	'	208,092	'	199,184
Wireline [Member]	'	'	'	'	'
Assets by segment [Abstract]	'	'	'	'	'
Assets	89,487	'	89,487	'	92,455
Other [Member]	'	'	'	'	'
Assets by segment [Abstract]	'	'	'	'	'
Assets	417,790	'	417,790	'	435,804
Total Segments [Member]	'	'	'	'	'
Assets by segment [Abstract]	'	'	'	'	'
Assets	949,006	'	949,006	'	956,481
Reportable Segments [Member] | Wireless [Member]	'	'	'	'	'
Financial data for each segment [Abstract]	'	'	'	'	'
Service revenues	47,868	46,362	95,100	90,427	'
Other revenues	2,813	2,328	5,569	5,347	'
Total external revenues	50,681	48,690	100,669	95,774	'
Internal revenues	1,094	1,076	2,184	2,149	'
Total operating revenues	51,775	49,766	102,853	97,923	'
Operating expenses [Abstract]	'	'	'	'	'
Cost of goods and services, exclusive of depreciation and amortization shown separately below	18,476	17,854	37,132	35,385	'
Selling, general and administrative, exclusive of depreciation and amortization shown separately below	7,657	8,068	16,089	15,955	'
Depreciation and amortization	8,071	7,781	15,268	13,809	'
Total operating expenses	34,204	33,703	68,489	65,149	'
Operating income (loss)	17,571	16,063	34,364	32,774	'
Reconciliation of income from continuing operations from segments to consolidated [Abstract]	'	'	'	'	'
Total consolidated operating income	17,571	16,063	34,364	32,774	'
Reportable Segments [Member] | Cable [Member]	'	'	'	'	'
Financial data for each segment [Abstract]	'	'	'	'	'
Service revenues	17,416	16,325	34,840	32,487	'
Other revenues	3,388	2,357	6,418	4,659	'
Total external revenues	20,804	18,682	41,258	37,146	'
Internal revenues	33	53	59	102	'
Total operating revenues	20,837	18,735	41,317	37,248	'
Operating expenses [Abstract]	'	'	'	'	'
Cost of goods and services, exclusive of depreciation and amortization shown separately below	12,421	11,239	24,811	22,461	'
Selling, general and administrative, exclusive of depreciation and amortization shown separately below	4,735	4,500	9,381	8,924	'
Depreciation and amortization	5,766	5,479	11,170	10,684	'
Total operating expenses	22,922	21,218	45,362	42,069	'
Operating income (loss)	-2,085	-2,483	-4,045	-4,821	'
Reconciliation of income from continuing operations from segments to consolidated [Abstract]	'	'	'	'	'
Total consolidated operating income	-2,085	-2,483	-4,045	-4,821	'
Reportable Segments [Member] | Wireline [Member]	'	'	'	'	'
Financial data for each segment [Abstract]	'	'	'	'	'
Service revenues	5,120	5,558	10,220	11,021	'
Other revenues	4,811	4,524	9,721	9,522	'
Total external revenues	9,931	10,082	19,941	20,543	'
Internal revenues	5,713	5,169	11,478	9,808	'
Total operating revenues	15,644	15,251	31,419	30,351	'
Operating expenses [Abstract]	'	'	'	'	'
Cost of goods and services, exclusive of depreciation and amortization shown separately below	7,737	7,198	15,219	14,364	'
Selling, general and administrative, exclusive of depreciation and amortization shown separately below	1,493	1,251	2,737	2,612	'
Depreciation and amortization	2,653	2,802	5,350	5,532	'
Total operating expenses	11,883	11,251	23,306	22,508	'
Operating income (loss)	3,761	4,000	8,113	7,843	'
Reconciliation of income from continuing operations from segments to consolidated [Abstract]	'	'	'	'	'
Total consolidated operating income	3,761	4,000	8,113	7,843	'
Reportable Segments [Member] | Other [Member]	'	'	'	'	'
Financial data for each segment [Abstract]	'	'	'	'	'
Service revenues	0	0	0	0	'
Other revenues	0	0	0	0	'
Total external revenues	0	0	0	0	'
Internal revenues	0	0	0	0	'
Total operating revenues	0	0	0	0	'
Operating expenses [Abstract]	'	'	'	'	'
Cost of goods and services, exclusive of depreciation and amortization shown separately below	0	0	0	0	'
Selling, general and administrative, exclusive of depreciation and amortization shown separately below	3,349	3,071	6,764	6,071	'
Depreciation and amortization	105	9	195	17	'
Total operating expenses	3,454	3,080	6,959	6,088	'
Operating income (loss)	-3,454	-3,080	-6,959	-6,088	'
Reconciliation of income from continuing operations from segments to consolidated [Abstract]	'	'	'	'	'
Total consolidated operating income	-3,454	-3,080	-6,959	-6,088	'
Eliminations [Member]	'	'	'	'	'
Financial data for each segment [Abstract]	'	'	'	'	'
Service revenues	0	0	0	0	'
Other revenues	0	0	0	0	'
Total external revenues	0	0	0	0	'
Internal revenues	-6,840	-6,298	-13,721	-12,059	'
Total operating revenues	-6,840	-6,298	-13,721	-12,059	'
Operating expenses [Abstract]	'	'	'	'	'
Cost of goods and services, exclusive of depreciation and amortization shown separately below	-6,231	-5,763	-12,523	-10,981	'
Selling, general and administrative, exclusive of depreciation and amortization shown separately below	-609	-535	-1,198	-1,078	'
Depreciation and amortization	0	0	0	0	'
Total operating expenses	-6,840	-6,298	-13,721	-12,059	'
Operating income (loss)	0	0	0	0	'
Reconciliation of income from continuing operations from segments to consolidated [Abstract]	'	'	'	'	'
Total consolidated operating income	0	0	0	0	'
Assets by segment [Abstract]	'	'	'	'	'
Assets	($345,003)	'	($345,003)	'	($359,475)