Shenandoah Telecommunications (SHEN) 10-Q 6 Aug 19 2019 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2019	Jul. 31, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	000-09881
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	54-1162807
Entity Address, Address Line One	500 Shentel Way
Entity Address, City or Town	Edinburg
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22824
City Area Code	540
Local Phone Number	984-4141
Title of 12(b) Security	Common Stock (No Par Value)
Trading Symbol	SHEN
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		49,856,914
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Registrant Name	SHENANDOAH TELECOMMUNICATIONS COMPANY
Entity Central Index Key	0000354963
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 98,091	$ 85,086
Accounts receivable, net of allowance for doubtful accounts of $516 and $534, respectively	59,561	54,407
Income taxes receivable	4,144	5,282
Inventory, net of allowances of $69 and $113, respectively	6,566	5,265
Prepaid expenses and other	53,786	60,162
Total current assets	222,148	210,202
Investments	11,563	10,788
Property, plant and equipment, net	695,725	701,359
Intangible assets, net	324,890	366,029
Goodwill	149,070	146,497
Operating lease right-of-use assets	369,715	0
Deferred charges and other assets	48,929	49,891
Total assets	1,822,040	1,484,766
Current Liabilities
Current maturities of long-term debt, net of unamortized loan fees	27,939	20,618
Accounts payable	27,657	35,987
Advanced billings and customer deposits	7,914	7,919
Accrued compensation	6,817	9,452
Current operating lease liabilities	42,941	0
Accrued liabilities and other	14,513	14,563
Total current liabilities	127,781	88,539
Long-term debt, less current maturities, net of unamortized loan fees	719,067	749,624
Other Long-Term Liabilities
Deferred income taxes	128,582	127,453
Deferred lease		22,436
Asset retirement obligations	30,779	28,584
Retirement plan obligations	10,355	11,519
Noncurrent operating lease liabilities	327,868	0
Other liabilities	15,559	14,364
Total other long-term liabilities	513,143	204,356
Shareholders’ Equity
Common stock, no par value, authorized 96,000; 49,857 and 49,630 issued and outstanding at June 30, 2019 and December 31, 2018, respectively	0	0
Additional paid in capital	47,138	47,456
Retained earnings	413,571	386,511
Accumulated other comprehensive income (loss), net of taxes	1,340	8,280
Total shareholders’ equity	462,049	442,247
Total liabilities and shareholders’ equity	$ 1,822,040	$ 1,484,766

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 516	$ 534
Inventory reserve	$ 69	$ 113
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	96,000	96,000
Common stock, shares issued (in shares)	49,857	49,630
Common stock, shares outstanding (in shares)	49,857	49,630

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Operating revenue:
Operating revenues	$ 158,914	$ 156,501	$ 317,757	$ 310,639
Operating expenses:
Selling, general and administrative	27,170	29,915	55,892	58,665
Depreciation and amortization	42,353	41,117	83,532	84,604
Total operating expenses	134,894	135,332	268,950	272,716
Operating income	24,020	21,169	48,807	37,923
Other income (expense):
Interest expense	(7,522)	(8,851)	(15,476)	(18,183)
Other	1,176	839	2,463	1,828
Income before income taxes	17,674	13,157	35,794	21,568
Income tax expense	4,524	3,531	8,734	5,359
Net income	13,150	9,626	27,060	16,209
Other comprehensive income (loss):
Unrealized gain (loss) on interest rate hedge, net of tax	(4,212)		(6,940)
Unrealized gain (loss) on interest rate hedge, net of tax		833		3,895
Comprehensive income	$ 8,938	$ 10,459	$ 20,120	$ 20,104
Net income per share, basic and diluted:
Basic net income per share (in dollars per share)	$ 0.26	$ 0.19	$ 0.54	$ 0.33
Diluted net income per share (in dollars per share)	$ 0.26	$ 0.19	$ 0.54	$ 0.32
Weighted average shares outstanding, basic (in shares)	49,848	49,547	49,812	49,511
Weighted average shares outstanding, diluted (in shares)	50,142	50,070	50,118	50,029
Service revenue and other
Operating revenue:
Operating revenues	$ 142,059	$ 140,492	$ 285,290	$ 277,051
Equipment revenue
Operating revenue:
Operating revenues	16,855	16,009	32,467	33,588
Cost of services
Operating expenses:
Cost of services	49,497	49,134	99,015	98,476
Cost of goods sold
Operating expenses:
Cost of services	$ 15,874	$ 15,166	$ 30,511	$ 30,971

UNAUDITED CONDENSED CONSOLIDA_4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Shares of Common Stock (no par value)	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2017		49,328
Beginning balance at Dec. 31, 2017	$ 350,222		$ 44,787	$ 297,205	$ 8,230
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	16,209			16,209
Other comprehensive loss, net of tax	3,895				3,895
Stock based compensation (in shares)		205
Stock based compensation	3,407		3,407
Stock options exercised (in shares)		15
Stock options exercised	104		104
Common stock issued	10		10
Shares retired for settlement of employee taxes upon issuance of vested equity awards (in shares)		(66)
Shares retired for settlement of employee taxes upon issuance of vested equity awards	$ (2,136)		(2,136)
Common stock issued to acquire non-controlling interests of nTelos (in shares)	76
Ending balance (in shares) at Jun. 30, 2018		49,558
Ending balance at Jun. 30, 2018	$ 427,808		46,172	369,511	12,125
Beginning balance (in shares) at Mar. 31, 2018		49,539
Beginning balance at Mar. 31, 2018	416,252		45,075	359,885	11,292
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	9,626			9,626
Other comprehensive loss, net of tax	833				833
Stock based compensation (in shares)		28
Stock based compensation	1,370		1,370
Common stock issued	5		5
Shares retired for settlement of employee taxes upon issuance of vested equity awards (in shares)		(9)
Shares retired for settlement of employee taxes upon issuance of vested equity awards	(278)		(278)
Ending balance (in shares) at Jun. 30, 2018		49,558
Ending balance at Jun. 30, 2018	$ 427,808		46,172	369,511	12,125
Beginning balance (in shares) at Dec. 31, 2018	49,630	49,630
Beginning balance at Dec. 31, 2018	$ 442,247		47,456	386,511	8,280
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	27,060			27,060
Other comprehensive loss, net of tax	(6,940)				(6,940)
Stock based compensation (in shares)		184
Stock based compensation	2,497		2,497
Stock options exercised (in shares)		29
Stock options exercised	81		81
Common stock issued	16		16
Shares retired for settlement of employee taxes upon issuance of vested equity awards (in shares)		(62)
Shares retired for settlement of employee taxes upon issuance of vested equity awards	$ (2,912)		(2,912)
Common stock issued to acquire non-controlling interests of nTelos (in shares)	76
Ending balance (in shares) at Jun. 30, 2019	49,857	49,857
Ending balance at Jun. 30, 2019	$ 462,049		47,138	413,571	1,340
Beginning balance (in shares) at Mar. 31, 2019		49,844
Beginning balance at Mar. 31, 2019	452,614		46,641	400,421	5,552
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	13,150			13,150
Other comprehensive loss, net of tax	(4,212)				(4,212)
Stock based compensation (in shares)		17
Stock based compensation	695		695
Stock options exercised (in shares)		1
Stock options exercised	(94)		(94)
Common stock issued	8		8
Shares retired for settlement of employee taxes upon issuance of vested equity awards (in shares)		(5)
Shares retired for settlement of employee taxes upon issuance of vested equity awards	$ (112)		(112)
Ending balance (in shares) at Jun. 30, 2019	49,857	49,857
Ending balance at Jun. 30, 2019	$ 462,049		$ 47,138	$ 413,571	$ 1,340

UNAUDITED CONDENSED CONSOLIDA_5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash Flows From Operating Activities
Net income	$ 27,060	$ 16,209
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	72,737	71,637
Amortization	10,795	12,967
Accretion of asset retirement obligations	708	471
Bad debt expense	764	758
Stock based compensation expense, net of amount capitalized	2,307	3,407
Deferred income taxes	3,434	(8,004)
Net gain from patronage and investments	(2,081)	(1,576)
Amortization of long-term debt issuance costs	1,648	2,365
Changes in assets and liabilities:
Accounts receivable	(4,561)	(11,060)
Inventory, net	(1,301)	(503)
Current income taxes	1,138	16,722
Operating lease right-of-use assets	25,389
Waived management fee	19,320	18,606
Other assets	(8,679)	(968)
Accounts payable	6,311	2,486
Lease liabilities	(21,880)
Deferred lease	0	1,353
Other deferrals and accruals	(3,477)	2,274
Net cash provided by operating activities	129,632	127,144
Cash flows from investing activities:
Capital expenditures	(79,124)	(62,322)
Cash disbursed for acquisitions	(10,000)	(52,000)
Proceeds from sale of assets	108	447
Other	(3)	(3)
Net cash used in investing activities	(89,019)	(113,878)
Cash Flows From Financing Activities
Principal payments on long-term debt	(24,777)	(24,250)
Proceeds from revolving credit facility borrowings	0	15,000
Principal payments on revolving credit facility	0	(15,000)
Proceeds from exercises of stock options	81	0
Taxes paid for equity award issuances	(2,912)	(2,032)
Net cash used in financing activities	(27,608)	(26,282)
Net increase (decrease) in cash and cash equivalents	13,005	(13,016)
Cash and cash equivalents, beginning of period	85,086	78,585
Cash and cash equivalents, end of period	$ 98,091	$ 65,569

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The interim condensed 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 in accordance with accounting principles generally accepted in the United States ("GAAP") for interim financial reporting and as required by Rule 10-01 of Regulation S-X. Accordingly, the unaudited condensed consolidated financial statements may not include all of the information and notes required by GAAP for audited financial statements. The information contained herein should be read in conjunction with the audited financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 . Adoption of New Accounting Principles There have been no developments related to recently issued accounting standards, including the expected dates of adoption and estimated effects on the Company's unaudited condensed consolidated financial statements and note disclosures, from those disclosed in the Company's 2018 Annual Report on Form 10-K, that would be expected to impact the Company except for the following: The Company adopted ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220), as of January 1, 2019. The Company elected not to reclassify stranded income tax effects from accumulated other comprehensive income (OCI) to retained earnings and has implemented this election as its accounting policy as of January 1, 2019. The Company utilizes the portfolio approach as its policy to release the income tax effects from accumulated OCI as the entire portfolio is liquidated, sold, or extinguished. The Company adopted ASU No. 2016-02, Leases (“ Topic 842 ” or “ the new lease standard

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Leases The Company leases various cell sites, warehouses, retail stores, and office facilities for use in our business. These agreements include fixed rental payments as well as variable rental payments, such as those based on relevant inflation indices. The accounting lease term includes optional renewal periods that we are reasonably certain to exercise based on our assessment of relevant contractual and economic factors. The related lease payments are discounted at lease commencement using the Company's incremental borrowing rate in order to measure the lease liability and ROU asset. The incremental borrowing rate is determined using a portfolio approach based on the rate of interest that the Company would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. The Company uses the observable unsecured borrowing rate and risk-adjusts that rate to approximate a collateralized rate. Under the new lease standard, leases are remeasured upon the occurrence of certain events or modifications. Adoption of the new lease standard did not materially impact the Company's consolidated net earnings, cash flows, liquidity, or loan covenants. The cumulative effect of the changes made to the consolidated January 1, 2019 balance sheet for the adoption of the new lease standard were as follows: (in thousands) December 31, 2018 As Previously Reported Effect of the Adoption of ASC Topic 842 (Leases) January 1, 2019 As Adjusted Assets Prepaid expenses and other $ 60,162 $ (11,580 ) $ 48,582 Property, plant and equipment, net 701,359 1,789 703,148 Operating lease right-of-use assets — 369,344 369,344 Intangible assets, net 366,029 (13,828 ) 352,201 Liabilities Current operating lease liabilities — 38,773 38,773 Accrued liabilities and other 14,563 (412 ) 14,151 Deferred Lease 22,436 (22,436 ) — Noncurrent operating lease liabilities — 328,156 328,156 Other liabilities 14,364 1,644 16,008 In addition to recognizing the operating lease liabilities and right-of-use assets, Topic 842 also reclassified prepaid and deferred rent balances, off-market leases, and lease incentives into the right-of-use assets. The following table shows the components of lease income and costs: (in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Lease income from operating leases - fixed $ 2,042 $ 4,070 Operating lease expense 16,752 33,660 Amortization of finance lease assets 123 241 Interest on finance lease liabilities 23 45 Subtotal finance lease cost 146 286 Total lease expense $ 16,898 $ 33,946 Substantially all of the Company's sublease income from operating leases relates to fixed lease payments. All operating lease expenses, including short-term and variable lease expenses, are split between cost of service and selling, general and administrative expense in the condensed consolidated statements of operations based on the use of the facility that the rent is being paid on. Operating lease expense includes variable lease payments and short-term lease expense, both of which are immaterial. Variable lease expenses represent payments that are dependent on a rate or index, or on usage of the asset. The following table summarizes other information related to operating and finance leases: (in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Operating cash flows used by leases $ 15,873 $ 30,544 Leased assets obtained in exchange for new operating lease liabilities 21,172 25,760 The following table summarizes the lease terms and discount rates: June 30, Weighted-average remaining lease term (years) Operating leases 8 Finance leases 16 Weighted-average discount rate Operating leases 4.8 % Finance leases 5.2 % The following table summarizes the expected maturity of lease liabilities at June 30, 2019 : (in thousands) Operating Leases Finance Leases Total 2019 $ 27,397 $ 92 $ 27,489 2020 62,536 174 62,710 2021 61,151 174 61,325 2022 58,134 174 58,308 2023 54,491 174 54,665 2024 and thereafter 184,800 1,699 186,499 Total lease payments 448,509 2,487 450,996 Less: Interest 77,700 771 78,471 Present value of lease liabilities $ 370,809 $ 1,716 $ 372,525 The Company's finance lease liabilities are presented in the accrued liabilities and other and the other liabilities lines of the unaudited condensed consolidated balance sheets. The related finance lease assets are included in the property, plant and equipment line. Our commitments under leases existing as of December 31, 2018 were approximately $55.1 million for the year ending December 31, 2019, $104.4 million in total for the years ending December 31, 2020 and 2021, $97.6 million in total for the years ending December 31, 2022 and 2023 and $168.5 million in total for years thereafter. The Company is also the lessor on agreements to lease assets such as collocation space at cell sites and dedicated fiber-optic strands to third parties. These agreements were accounted for as operating leases both before and after adoption of the new lease standard. The new lease standard did not have a significant impact on the recognition of lease revenue associated with these agreements. The following table summarizes the total minimum rental receipts under lease agreements at June 30, 2019 : (in thousands) Operating Leases 2019 $ 3,635 2020 6,453 2021 4,377 2022 3,280 2023 1,653 2024 and thereafter 4,520 Total lease income $ 23,918
Leases	Leases The Company leases various cell sites, warehouses, retail stores, and office facilities for use in our business. These agreements include fixed rental payments as well as variable rental payments, such as those based on relevant inflation indices. The accounting lease term includes optional renewal periods that we are reasonably certain to exercise based on our assessment of relevant contractual and economic factors. The related lease payments are discounted at lease commencement using the Company's incremental borrowing rate in order to measure the lease liability and ROU asset. The incremental borrowing rate is determined using a portfolio approach based on the rate of interest that the Company would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. The Company uses the observable unsecured borrowing rate and risk-adjusts that rate to approximate a collateralized rate. Under the new lease standard, leases are remeasured upon the occurrence of certain events or modifications. Adoption of the new lease standard did not materially impact the Company's consolidated net earnings, cash flows, liquidity, or loan covenants. The cumulative effect of the changes made to the consolidated January 1, 2019 balance sheet for the adoption of the new lease standard were as follows: (in thousands) December 31, 2018 As Previously Reported Effect of the Adoption of ASC Topic 842 (Leases) January 1, 2019 As Adjusted Assets Prepaid expenses and other $ 60,162 $ (11,580 ) $ 48,582 Property, plant and equipment, net 701,359 1,789 703,148 Operating lease right-of-use assets — 369,344 369,344 Intangible assets, net 366,029 (13,828 ) 352,201 Liabilities Current operating lease liabilities — 38,773 38,773 Accrued liabilities and other 14,563 (412 ) 14,151 Deferred Lease 22,436 (22,436 ) — Noncurrent operating lease liabilities — 328,156 328,156 Other liabilities 14,364 1,644 16,008 In addition to recognizing the operating lease liabilities and right-of-use assets, Topic 842 also reclassified prepaid and deferred rent balances, off-market leases, and lease incentives into the right-of-use assets. The following table shows the components of lease income and costs: (in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Lease income from operating leases - fixed $ 2,042 $ 4,070 Operating lease expense 16,752 33,660 Amortization of finance lease assets 123 241 Interest on finance lease liabilities 23 45 Subtotal finance lease cost 146 286 Total lease expense $ 16,898 $ 33,946 Substantially all of the Company's sublease income from operating leases relates to fixed lease payments. All operating lease expenses, including short-term and variable lease expenses, are split between cost of service and selling, general and administrative expense in the condensed consolidated statements of operations based on the use of the facility that the rent is being paid on. Operating lease expense includes variable lease payments and short-term lease expense, both of which are immaterial. Variable lease expenses represent payments that are dependent on a rate or index, or on usage of the asset. The following table summarizes other information related to operating and finance leases: (in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Operating cash flows used by leases $ 15,873 $ 30,544 Leased assets obtained in exchange for new operating lease liabilities 21,172 25,760 The following table summarizes the lease terms and discount rates: June 30, Weighted-average remaining lease term (years) Operating leases 8 Finance leases 16 Weighted-average discount rate Operating leases 4.8 % Finance leases 5.2 % The following table summarizes the expected maturity of lease liabilities at June 30, 2019 : (in thousands) Operating Leases Finance Leases Total 2019 $ 27,397 $ 92 $ 27,489 2020 62,536 174 62,710 2021 61,151 174 61,325 2022 58,134 174 58,308 2023 54,491 174 54,665 2024 and thereafter 184,800 1,699 186,499 Total lease payments 448,509 2,487 450,996 Less: Interest 77,700 771 78,471 Present value of lease liabilities $ 370,809 $ 1,716 $ 372,525 The Company's finance lease liabilities are presented in the accrued liabilities and other and the other liabilities lines of the unaudited condensed consolidated balance sheets. The related finance lease assets are included in the property, plant and equipment line. Our commitments under leases existing as of December 31, 2018 were approximately $55.1 million for the year ending December 31, 2019, $104.4 million in total for the years ending December 31, 2020 and 2021, $97.6 million in total for the years ending December 31, 2022 and 2023 and $168.5 million in total for years thereafter. The Company is also the lessor on agreements to lease assets such as collocation space at cell sites and dedicated fiber-optic strands to third parties. These agreements were accounted for as operating leases both before and after adoption of the new lease standard. The new lease standard did not have a significant impact on the recognition of lease revenue associated with these agreements. The following table summarizes the total minimum rental receipts under lease agreements at June 30, 2019 : (in thousands) Operating Leases 2019 $ 3,635 2020 6,453 2021 4,377 2022 3,280 2023 1,653 2024 and thereafter 4,520 Total lease income $ 23,918
Leases	Leases The Company leases various cell sites, warehouses, retail stores, and office facilities for use in our business. These agreements include fixed rental payments as well as variable rental payments, such as those based on relevant inflation indices. The accounting lease term includes optional renewal periods that we are reasonably certain to exercise based on our assessment of relevant contractual and economic factors. The related lease payments are discounted at lease commencement using the Company's incremental borrowing rate in order to measure the lease liability and ROU asset. The incremental borrowing rate is determined using a portfolio approach based on the rate of interest that the Company would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. The Company uses the observable unsecured borrowing rate and risk-adjusts that rate to approximate a collateralized rate. Under the new lease standard, leases are remeasured upon the occurrence of certain events or modifications. Adoption of the new lease standard did not materially impact the Company's consolidated net earnings, cash flows, liquidity, or loan covenants. The cumulative effect of the changes made to the consolidated January 1, 2019 balance sheet for the adoption of the new lease standard were as follows: (in thousands) December 31, 2018 As Previously Reported Effect of the Adoption of ASC Topic 842 (Leases) January 1, 2019 As Adjusted Assets Prepaid expenses and other $ 60,162 $ (11,580 ) $ 48,582 Property, plant and equipment, net 701,359 1,789 703,148 Operating lease right-of-use assets — 369,344 369,344 Intangible assets, net 366,029 (13,828 ) 352,201 Liabilities Current operating lease liabilities — 38,773 38,773 Accrued liabilities and other 14,563 (412 ) 14,151 Deferred Lease 22,436 (22,436 ) — Noncurrent operating lease liabilities — 328,156 328,156 Other liabilities 14,364 1,644 16,008 In addition to recognizing the operating lease liabilities and right-of-use assets, Topic 842 also reclassified prepaid and deferred rent balances, off-market leases, and lease incentives into the right-of-use assets. The following table shows the components of lease income and costs: (in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Lease income from operating leases - fixed $ 2,042 $ 4,070 Operating lease expense 16,752 33,660 Amortization of finance lease assets 123 241 Interest on finance lease liabilities 23 45 Subtotal finance lease cost 146 286 Total lease expense $ 16,898 $ 33,946 Substantially all of the Company's sublease income from operating leases relates to fixed lease payments. All operating lease expenses, including short-term and variable lease expenses, are split between cost of service and selling, general and administrative expense in the condensed consolidated statements of operations based on the use of the facility that the rent is being paid on. Operating lease expense includes variable lease payments and short-term lease expense, both of which are immaterial. Variable lease expenses represent payments that are dependent on a rate or index, or on usage of the asset. The following table summarizes other information related to operating and finance leases: (in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Operating cash flows used by leases $ 15,873 $ 30,544 Leased assets obtained in exchange for new operating lease liabilities 21,172 25,760 The following table summarizes the lease terms and discount rates: June 30, Weighted-average remaining lease term (years) Operating leases 8 Finance leases 16 Weighted-average discount rate Operating leases 4.8 % Finance leases 5.2 % The following table summarizes the expected maturity of lease liabilities at June 30, 2019 : (in thousands) Operating Leases Finance Leases Total 2019 $ 27,397 $ 92 $ 27,489 2020 62,536 174 62,710 2021 61,151 174 61,325 2022 58,134 174 58,308 2023 54,491 174 54,665 2024 and thereafter 184,800 1,699 186,499 Total lease payments 448,509 2,487 450,996 Less: Interest 77,700 771 78,471 Present value of lease liabilities $ 370,809 $ 1,716 $ 372,525 The Company's finance lease liabilities are presented in the accrued liabilities and other and the other liabilities lines of the unaudited condensed consolidated balance sheets. The related finance lease assets are included in the property, plant and equipment line. Our commitments under leases existing as of December 31, 2018 were approximately $55.1 million for the year ending December 31, 2019, $104.4 million in total for the years ending December 31, 2020 and 2021, $97.6 million in total for the years ending December 31, 2022 and 2023 and $168.5 million in total for years thereafter. The Company is also the lessor on agreements to lease assets such as collocation space at cell sites and dedicated fiber-optic strands to third parties. These agreements were accounted for as operating leases both before and after adoption of the new lease standard. The new lease standard did not have a significant impact on the recognition of lease revenue associated with these agreements. The following table summarizes the total minimum rental receipts under lease agreements at June 30, 2019 : (in thousands) Operating Leases 2019 $ 3,635 2020 6,453 2021 4,377 2022 3,280 2023 1,653 2024 and thereafter 4,520 Total lease income $ 23,918
Leases	Leases The Company leases various cell sites, warehouses, retail stores, and office facilities for use in our business. These agreements include fixed rental payments as well as variable rental payments, such as those based on relevant inflation indices. The accounting lease term includes optional renewal periods that we are reasonably certain to exercise based on our assessment of relevant contractual and economic factors. The related lease payments are discounted at lease commencement using the Company's incremental borrowing rate in order to measure the lease liability and ROU asset. The incremental borrowing rate is determined using a portfolio approach based on the rate of interest that the Company would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. The Company uses the observable unsecured borrowing rate and risk-adjusts that rate to approximate a collateralized rate. Under the new lease standard, leases are remeasured upon the occurrence of certain events or modifications. Adoption of the new lease standard did not materially impact the Company's consolidated net earnings, cash flows, liquidity, or loan covenants. The cumulative effect of the changes made to the consolidated January 1, 2019 balance sheet for the adoption of the new lease standard were as follows: (in thousands) December 31, 2018 As Previously Reported Effect of the Adoption of ASC Topic 842 (Leases) January 1, 2019 As Adjusted Assets Prepaid expenses and other $ 60,162 $ (11,580 ) $ 48,582 Property, plant and equipment, net 701,359 1,789 703,148 Operating lease right-of-use assets — 369,344 369,344 Intangible assets, net 366,029 (13,828 ) 352,201 Liabilities Current operating lease liabilities — 38,773 38,773 Accrued liabilities and other 14,563 (412 ) 14,151 Deferred Lease 22,436 (22,436 ) — Noncurrent operating lease liabilities — 328,156 328,156 Other liabilities 14,364 1,644 16,008 In addition to recognizing the operating lease liabilities and right-of-use assets, Topic 842 also reclassified prepaid and deferred rent balances, off-market leases, and lease incentives into the right-of-use assets. The following table shows the components of lease income and costs: (in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Lease income from operating leases - fixed $ 2,042 $ 4,070 Operating lease expense 16,752 33,660 Amortization of finance lease assets 123 241 Interest on finance lease liabilities 23 45 Subtotal finance lease cost 146 286 Total lease expense $ 16,898 $ 33,946 Substantially all of the Company's sublease income from operating leases relates to fixed lease payments. All operating lease expenses, including short-term and variable lease expenses, are split between cost of service and selling, general and administrative expense in the condensed consolidated statements of operations based on the use of the facility that the rent is being paid on. Operating lease expense includes variable lease payments and short-term lease expense, both of which are immaterial. Variable lease expenses represent payments that are dependent on a rate or index, or on usage of the asset. The following table summarizes other information related to operating and finance leases: (in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Operating cash flows used by leases $ 15,873 $ 30,544 Leased assets obtained in exchange for new operating lease liabilities 21,172 25,760 The following table summarizes the lease terms and discount rates: June 30, Weighted-average remaining lease term (years) Operating leases 8 Finance leases 16 Weighted-average discount rate Operating leases 4.8 % Finance leases 5.2 % The following table summarizes the expected maturity of lease liabilities at June 30, 2019 : (in thousands) Operating Leases Finance Leases Total 2019 $ 27,397 $ 92 $ 27,489 2020 62,536 174 62,710 2021 61,151 174 61,325 2022 58,134 174 58,308 2023 54,491 174 54,665 2024 and thereafter 184,800 1,699 186,499 Total lease payments 448,509 2,487 450,996 Less: Interest 77,700 771 78,471 Present value of lease liabilities $ 370,809 $ 1,716 $ 372,525 The Company's finance lease liabilities are presented in the accrued liabilities and other and the other liabilities lines of the unaudited condensed consolidated balance sheets. The related finance lease assets are included in the property, plant and equipment line. Our commitments under leases existing as of December 31, 2018 were approximately $55.1 million for the year ending December 31, 2019, $104.4 million in total for the years ending December 31, 2020 and 2021, $97.6 million in total for the years ending December 31, 2022 and 2023 and $168.5 million in total for years thereafter. The Company is also the lessor on agreements to lease assets such as collocation space at cell sites and dedicated fiber-optic strands to third parties. These agreements were accounted for as operating leases both before and after adoption of the new lease standard. The new lease standard did not have a significant impact on the recognition of lease revenue associated with these agreements. The following table summarizes the total minimum rental receipts under lease agreements at June 30, 2019 : (in thousands) Operating Leases 2019 $ 3,635 2020 6,453 2021 4,377 2022 3,280 2023 1,653 2024 and thereafter 4,520 Total lease income $ 23,918

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers The Company earns revenue primarily through the sale of its wireless service. Additional revenue is earned from the sale of wireless equipment; from business, residential and enterprise services which provide video, broadband, voice and data services; and from tower and other services. Refer to Note 14, Segment Reporting , for a tabular summary of revenue for the three and six months ended June 30, 2019 . Wireless service The Company earns revenue primarily through the sale of its wireless service by providing network access to Sprint under the affiliate agreement. Wireless service revenue is variable based on billed revenue to Sprint’s subscribers that originated in the Company's affiliate area, less applicable fees retained by Sprint. The Company's revenue related to Sprint’s postpaid customers is the amount that Sprint bills its postpaid subscribers, reduced by customer credits, write-offs of receivables, and 8% management and 8.6% service fees. The Company is also charged for the costs of subsidized handsets sold through Sprint’s national channels as well as commissions paid by Sprint to third-party resellers in the Company's service territory. The Company's revenue related to Sprint’s prepaid customers is the amount that Sprint bills its prepaid subscribers, reduced by costs to acquire and support the customers, based on national averages for Sprint’s prepaid programs, and a 6% management fee. The Company considers Sprint, rather than Sprint's subscribers, to be the customer and the Company's performance obligation is to provide Sprint a series of continuous network access services within the Sprint Affiliate Area. The Company determined that reimbursements to Sprint including the cost of prepaid handsets and commissions, and postpaid commissions paid by Sprint to third-party resellers, represent consideration payable to a customer. These reimbursements are initially recorded as a contract asset and are subsequently recognized as a reduction of revenue over the expected benefit period between 21 and 53 months. Contract asset balances and activity for 2019 were as follows: (in millions) Three Months Ended Six Months Ended Beginning balance $ 70.4 $ 65.7 Contract payments 17.5 35.7 Contract amortization (14.1 ) (27.6 ) Ending balance $ 73.8 $ 73.8 Wireless equipment The Company also earns revenue through the sale of wireless equipment. The Company owns and operates Sprint-branded retail stores within the Sprint Affiliate Area from which the Company sells equipment, primarily wireless handsets, and service to Sprint subscribers. The Company's equipment is predominantly sold to subscribers through Sprint's equipment financing plans. Under the equipment financing plans, Sprint purchases the equipment from the Company and resells the equipment to its subscribers. The Company is the principal in these equipment financing transactions, as it controls and bears the risk of ownership of the inventory prior to sale, and accordingly, revenue and handset costs are recorded on a gross basis, and the corresponding cost of the equipment is recorded separately to cost of goods sold. Business, residential and enterprise The Company also earns revenue in the Cable and Wireline segments from the sale of business, residential, and enterprise services to customers where the performance obligations are to provide cable, broadband, and telephone network services, sell and lease equipment and wiring services, and lease fiber-optic cable. The Company's arrangements for residential services are generally composed of contracts that are cancellable at the customer’s discretion without penalty at any time. As there are multiple performance obligations in these arrangements, the Company recognizes revenue based on the standalone selling price of each distinct good or service. The Company generally recognizes this revenue over time as customers simultaneously receive and consume the benefits of the service, with the exception of equipment sales and home wiring which are recognized as revenue at a point in time when control transfers and when installation is complete, respectively. Installation fees are allocated to services and are recognized ratably over the longer of the contract term or the period the unrecognized portion of the fee remains material to the contract, typically 10 and 11 months for Cable and Wireline customers, respectively. Additionally, the Company incurs commission and installation costs related to in-house employees and third-party vendors which are capitalized and amortized over the expected benefit period which is approximately 44 months and 72 months for Cable and Wireline, respectively. Tower and Other The Company also earns revenue from tower and other services. Tower revenue consists primarily of tower collocation space on cell towers owned by the Company accounted for under Topic 842, Leases. Other revenue includes network access-related charges for service provided to customers across the segments. Future performance obligations On June 30, 2019 , the Company had approximately $3.4 million allocated to unsatisfied performance obligations, which excludes contracts with original expected duration of one year or less. The following table summarizes the approximate amounts expected to be recognized as revenue after June 30, 2019 . Amount Expected to be Recognized as Revenue: (in millions) 2019 $ 0.4 2020 0.7 2021 0.7 2022 and thereafter 1.6 Total $ 3.4 Contract acquisition costs and costs to fulfill contracts Capitalized contract costs represent contract fulfillment costs and contract acquisition costs which include commissions and installation costs in our Cable and Wireline segments. Capitalized contract costs are amortized on a straight-line basis over the average customer life. The Company elected to apply the practical expedient to expense contract acquisition costs when incurred, if the amortization period would be twelve months or less. The amortization of these costs is included in cost of services, and selling, general and administrative expenses. Amortized and capitalized costs for Cable and Wireline contracts were as follows: (in millions) Three Months Ended Six Months Ended Beginning Balance $ 10.4 $ 10.1 Contract payments 1.5 3.2 Contract amortization (1.4 ) (2.8 ) Ending Balance $ 10.5 $ 10.5

Acquisition

Acquisition	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Acquisition	Acquisitions Big Sandy On February 28, 2019, the Company completed its preliminary valuation for the acquisition of the assets of Big Sandy Broadband, Inc. ("Big Sandy") for $10 million and recorded $4.6 million of property, plant and equipment; $2.8 million of subscriber relationships; and $2.6 million of goodwill which is reported in the Cable segment and was accounted for as a business combination under ASC 805, Business Combinations . The estimated remaining useful lives of the acquired property, plant and equipment were approximately 2.5 years to 12.5 years and the estimated useful lives for subscriber relationships were 7 years at the time of the acquisition. Big Sandy was a provider of cable television, telephone and high speed internet services. Our preliminary allocation of the acquisition price is based on our preliminary estimate of fair value for each of the acquired assets and liabilities. These estimates may be revised during the one year measurement period provided by the authoritative guidance applicable to business combinations.

Customer Concentration

Customer Concentration	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Customer Concentration	Customer Concentration Significant Contractual Relationship In 1999, the Company executed a Management Agreement (the “Agreement”) with Sprint whereby the Company committed to construct and operate a PCS network using CDMA air interface technology. The Agreement has been amended numerous times. Under the amended Agreement, the Company is the exclusive PCS Affiliate of Sprint providing wireless mobility communications network products and services on the 800 MHz, 1900 MHz and 2.5 GHz spectrum ranges in its territory across a multi-state area covering large portions of central and western Virginia, south-central Pennsylvania, West Virginia, and portions of Maryland, North Carolina, Kentucky, and Ohio. Effective February 1, 2018, the Company amended its Agreement with Sprint to expand its wireless service area to include certain areas in Kentucky, Pennsylvania, Virginia and West Virginia. As an exclusive PCS Affiliate of Sprint, the Company has the exclusive right to build, own and maintain its portion of Sprint’s nationwide PCS network, in the aforementioned areas, to Sprint’s specifications. The initial term of the Agreement extends through November 2029 , with two successive 10 -year renewal periods, unless terminated by either party under provisions outlined in the Agreement. Upon non-renewal by either party, the Company may cause Sprint to buy or Sprint may cause the Company to sell the business, at 90% of Entire Business Value ("EBV") as defined in the Agreement. EBV is defined as i) the fair market value of a going concern paid by a willing buyer to a willing seller; ii) valued as if the business will continue to utilize existing brands and operate under existing agreements; and, iii) valued as if Shentel has continued access to the spectrum. Determination of EBV is made by an independent appraisal process.

Earnings Per Share (EPS)

Earnings Per Share (EPS)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share (EPS)	Earnings Per Share ("EPS") Basic EPS was computed by dividing net income by the weighted average number of shares of common stock outstanding. Diluted EPS was computed under the treasury stock method by dividing net income by the sum of the weighted average number of shares of common stock outstanding and potentially dilutive securities outstanding during the period under the treasury stock method. Potentially dilutive securities include unvested equity awards that are expected to vest and shares that the Company is contractually obligated to issue in the future. The following table indicates the computation of basic and diluted earnings per share: Three Months Ended Six Months Ended (in thousands, except per share amounts) 2019 2018 2019 2018 Calculation of net income per share: Net income $ 13,150 $ 9,626 $ 27,060 $ 16,209 Basic weighted average shares outstanding 49,848 49,547 49,812 49,511 Basic net income per share $ 0.26 $ 0.19 $ 0.54 $ 0.33 Effect of stock options outstanding: Basic weighted average shares outstanding 49,848 49,547 49,812 49,511 Effect from dilutive shares and options outstanding 294 523 306 518 Diluted weighted average shares outstanding 50,142 50,070 50,118 50,029 Diluted net income per share $ 0.26 $ 0.19 $ 0.54 $ 0.32 The computation of diluted EPS does not include certain unvested awards, on a weighted average basis, because their inclusion would have an anti-dilutive effect on EPS. The awards excluded because of their anti-dilutive effect were as follows: Three Months Ended Six Months Ended (in thousands) 2019 2018 2019 2018 Awards excluded from the computation of diluted net income per share because their inclusion would have been anti-dilutive 85 23 108 115

Investments

Investments	6 Months Ended
	Jun. 30, 2019
Investments [Abstract]
Investments	Investments Investments consist of the following: (in thousands) June 30, December 31, Domestic equity funds $ 1,690 $ 1,409 International equity funds 417 370 Total investments carried at fair value 2,107 1,779 CoBank 8,147 7,705 Equity in other telecommunications partners 777 782 Total investments carried at cost 8,924 8,487 Other 532 522 Total equity method investments 532 522 Total investments $ 11,563 $ 10,788 The Company determines classification for investments at the date individual investments are acquired. The appropriateness of such classification is periodically reassessed. The Company monitors the value of all investments, and based on factors such as market conditions, financial information and industry conditions, the Company reflects impairments in values when warranted. The domestic and international equity funds are carried at their fair value as determined by using the net asset value expedient.

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment consisted of the following: (in thousands) Estimated Useful Lives June 30, December 31, 2018 Land $ 6,936 $ 6,723 Buildings and structures 10 - 40 years 227,825 213,657 Cable and fiber 4 - 40 years 319,750 309,928 Equipment and software 2 - 17 years 813,393 791,401 Plant in service 1,367,904 1,321,709 Plant under construction 81,191 81,409 Total property, plant and equipment 1,449,095 1,403,118 Less: accumulated amortization and depreciation 753,370 701,759 Property, plant and equipment, net $ 695,725 $ 701,359

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill by segment consisted of the following: (in thousands) June 30, December 31, 2018 Wireless $ 146,383 $ 146,383 Cable 2,677 104 Wireline 10 10 Total Goodwill $ 149,070 $ 146,497 Intangible assets consisted of the following: June 30, 2019 December 31, 2018 (in thousands) Gross Accumulated Amortization and Other Net Gross Accumulated Amortization and Other Net Non-amortizing intangibles: Cable franchise rights $ 64,334 $ — $ 64,334 $ 64,334 $ — $ 64,334 Railroad crossing rights 141 — 141 141 — 141 Total non-amortizing intangibles 64,475 — 64,475 64,475 — 64,475 Finite-lived intangibles: Sprint affiliate contract expansion - Wireless 455,305 (197,783 ) 257,522 455,305 (167,830 ) 287,475 Favorable leases - Wireless — — — 15,743 (1,919 ) 13,824 Acquired subscribers - Cable 28,065 (25,399 ) 2,666 25,265 (25,250 ) 15 Other intangibles 463 (236 ) 227 463 (223 ) 240 Total finite-lived intangibles 483,833 (223,418 ) 260,415 496,776 (195,222 ) 301,554 Total intangible assets $ 548,308 $ (223,418 ) $ 324,890 $ 561,251 $ (195,222 ) $ 366,029 Affiliate contract expansion is amortized over the expected benefit period and is further reduced by the amount of waived management fees received from Sprint which were $9.7 million and $19.3 million for the three and six months ended June 30, 2019 , respectively. Since May 6, 2016, the date of the non-monetary exchange, waived management fees received from Sprint have totaled $117.7 million , and we expect to collect another $137.9 million through 2022.

Derivatives and Hedging

Derivatives and Hedging	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging	Derivatives and Hedging The Company uses derivative financial instruments to manage its exposure to interest rate risk for its long-term variable-rate debt through interest rate swaps. The Company's interest rate swaps are all designated as cash flow hedges, and involve the receipt of variable-rate amounts from counterparties in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The outstanding notional amounts of the cash flow hedge which is composed of interest rate swap contracts were $361.9 million and $384.0 million as of June 30, 2019 and December 31, 2018 , respectively. The table below presents the fair value of the Company’s derivative financial instruments as well as their classification in the condensed consolidated balance sheets. The fair value of these instruments was estimated using an income approach and observable market inputs (Level II): (in thousands) June 30, December 31, Balance sheet location of derivative financial instruments: Prepaid expenses and other $ 2,275 $ 4,930 Deferred charges and other assets, net 1,733 8,323 Total derivatives designated as hedging instruments $ 4,008 $ 13,253 The table below summarizes changes in accumulated other comprehensive income (loss) by component: Six Months Ended June 30, 2019 (in thousands) Gains (Losses) on Income Tax Accumulated Balance as of December 31, 2018 $ 13,253 $ (4,973 ) $ 8,280 Net change in unrealized gain (loss) (6,771 ) 1,688 (5,083 ) Amounts reclassified from accumulated other comprehensive income to interest expense (2,474 ) 617 (1,857 ) Net current period other comprehensive income (loss) (9,245 ) 2,305 (6,940 ) Balance as of June 30, 2019 $ 4,008 $ (2,668 ) $ 1,340

Other Assets and Accrued Liabil

Other Assets and Accrued Liabilities	6 Months Ended
	Jun. 30, 2019
Other Liabilities Disclosure [Abstract]
Other Assets and Accrued Liabilities	Other Assets and Accrued Liabilities Prepaid expenses and other, classified as current assets, included the following: (in thousands) June 30, December 31, 2018 Prepaid rent $ — $ 11,245 Prepaid maintenance expenses 3,499 3,981 Interest rate swaps 2,275 4,930 Contract asset 43,879 37,957 Other 4,133 2,049 Prepaid expenses and other $ 53,786 $ 60,162 Deferred charges and other assets, classified as long-term assets, included the following: (in thousands) June 30, December 31, 2018 Interest rate swaps $ 1,733 $ 8,323 Contract asset 40,438 37,848 Other 6,758 3,720 Deferred charges and other assets $ 48,929 $ 49,891 Accrued liabilities and other, classified as current liabilities, included the following: (in thousands) June 30, December 31, 2018 Sales and property taxes payable $ 5,171 $ 4,281 Asset retirement obligations 478 582 Accrued programming costs 3,021 2,886 Financing leases 88 — Other current liabilities 5,755 6,814 Accrued liabilities and other $ 14,513 $ 14,563 Other liabilities, classified as long-term liabilities, included the following: (in thousands) June 30, December 31, 2018 Noncurrent portion of deferred lease revenue $ 12,327 $ 12,593 Noncurrent portion of financing leases 1,629 — Other 1,603 1,771 Other liabilities $ 15,559 $ 14,364 Topic 842 requires the Company to include fixed payments for maintenance activities in its measurement of lease liabilities since the Company elected not to separate lease and non-lease components. Liabilities for the Company's financing leases were established with the adoption of Topic 842, as of January 1, 2019, to reflect the present value of fixed payments for maintenance activities. Refer to Note 2, Leases , for additional information.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Total debt consisted of the following: (in thousands) June 30, December 31, 2018 Term loan A-1 $ 274,919 $ 287,699 Term loan A-2 485,540 497,537 760,459 785,236 Less: unamortized loan fees 13,453 14,994 Total debt, net of unamortized loan fees $ 747,006 $ 770,242 Current maturities of long-term debt, net of current unamortized loan fees $ 27,939 $ 20,618 Long-term debt, less current maturities, net of unamortized loan fees $ 719,067 $ 749,624 As of June 30, 2019 , the Company's indebtedness totaled approximately $747.0 million , net of unamortized loan fees of $13.5 million , with an annualized overall weighted average interest rate of approximately 3.79% . As of June 30, 2019 , the Term Loan A-1 bears interest at one-month London Interbank Offered Rate ("LIBOR") plus a base rate of 1.75% , while the Term Loan A-2 bears interest at one-month LIBOR plus a base rate of 2.00% . LIBOR resets monthly. The amended Term Loan A-1 requires quarterly principal repayments of $3.6 million , which began on December 31, 2018 and continue through September 30, 2019, increasing to $7.3 million quarterly from December 31, 2019 through September 30, 2022; then increasing to $10.9 million quarterly from December 31, 2022 through September 30, 2023, with the remaining balance due November 8, 2023. The amended Term Loan A-2 requires quarterly principal repayments of $1.2 million which began on December 31, 2018 and continue through September 30, 2025 , with the remaining balance due November 8, 2025 . In addition to its required quarterly repayments, the Company paid an additional $15.0 million in the first quarter of 2019 with no prepayment penalties. The Company paid cash for interest, net of amounts capitalized, of $14.5 million and $16.9 million during the six months ended June 30, 2019 and 2018 , respectively. As shown below, as of June 30, 2019 , the Company was in compliance with the covenants in its credit agreement. Actual Covenant Requirement Total leverage ratio 2.41 3.50 or Lower Debt service coverage ratio 4.61 2.00 or Higher Minimum liquidity balance (in millions) $ 172.9 $25.0 or Higher

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company files U.S. federal income tax returns and various state income tax returns. The Company is not subject to any state or federal income tax audits as of June 30, 2019 . The Company's returns are generally open to examination from 2015 forward and the net operating losses acquired in the acquisition of nTelos are open to examination from 2002 forward. The Company’s effective tax rate for the three months ended June 30, 2019 was approximately 25.6% , as compared with approximately 26.8% for the three months ended June 30, 2018 . The Company’s effective tax rate for the six months ended June 30, 2019 was approximately 24.4% , which was consistent with approximately 24.8% for the six months ended June 30, 2018 . The effective tax rate has fluctuated in recent periods due to share based compensation tax benefits that are recognized as incurred. The Company paid cash income taxes of $4.2 million in the six months ended June 30, 2019 . The Company received cash income tax refunds of $3.4 million in the six months ended June 30, 2018 .

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company's reportable segments, which the Company operates and manages as strategic business units that are organized according to major product and service offerings, include: Wireless, Cable, Wireline and Other. A general description of the products and services offered and the customers served by each of these segments is as follows: • Wireless provides digital wireless service as a Sprint PCS Affiliate to a portion of a multi-state area covering large portions of central and western Virginia, south-central Pennsylvania, West Virginia, and portions of Maryland, North Carolina, Kentucky, and Ohio. In these areas, we are the exclusive provider of Sprint-branded wireless mobility communications network products and services on the 800 MHz, 1900 MHz and 2.5 GHz spectrum bands. • Cable provides video, broadband and voice services in franchise areas in portions of Virginia, West Virginia, western Maryland, and eastern Kentucky, and leases fiber optic facilities throughout its service area. It does not include video, broadband and voice services provided to customers in Shenandoah County, Virginia. • Wireline provides regulated and unregulated voice services, video, broadband, long distance access services, and leases fiber optic facilities throughout portions of Virginia, West Virginia, Maryland and Pennsylvania. • Other operations are represented by Shenandoah Telecommunications Company, the parent holding company that provides investing and management services to its subsidiaries. Three Months Ended June 30, 2019 (in thousands) Wireless Cable Wireline Other Eliminations Consolidated External revenue Service revenue $ 94,350 $ 30,716 $ 5,558 $ — $ — $ 130,624 Equipment revenue 16,548 255 52 — — 16,855 Tower revenue 1,654 — — — — 1,654 Other revenue 318 2,238 7,225 — — 9,781 Total external revenue 112,870 33,209 12,835 — — 158,914 Internal revenue 1,270 1,481 6,692 — (9,443 ) — Total operating revenue 114,140 34,690 19,527 — (9,443 ) 158,914 Operating expenses Cost of services 33,563 15,701 8,979 — (8,746 ) 49,497 Cost of goods sold 15,742 112 19 — 1 15,874 Selling, general and administrative 10,592 5,536 1,988 9,752 (698 ) 27,170 Depreciation and amortization 32,219 6,555 3,447 132 — 42,353 Total operating expenses 92,116 27,904 14,433 9,884 (9,443 ) 134,894 Operating income (loss) $ 22,024 $ 6,786 $ 5,094 $ (9,884 ) $ — $ 24,020 Three Months Ended June 30, 2018 (in thousands) Wireless Cable Wireline Other Eliminations Consolidated External revenue Service revenue $ 95,690 $ 28,748 $ 5,301 $ — $ — $ 129,739 Equipment revenue 15,819 144 46 — — 16,009 Tower revenue 1,636 — — — — 1,636 Other revenue 364 2,122 6,631 — — 9,117 Total external revenue 113,509 31,014 11,978 — — 156,501 Internal revenue 1,244 1,097 7,134 — (9,475 ) — Total operating revenue 114,753 32,111 19,112 — (9,475 ) 156,501 Operating expenses Cost of services 33,488 15,125 9,373 12 (8,864 ) 49,134 Cost of goods sold 15,082 63 20 1 — 15,166 Selling, general and administrative 12,367 4,661 1,686 11,812 (611 ) 29,915 Depreciation and amortization 31,565 6,179 3,240 133 — 41,117 Total operating expenses 92,502 26,028 14,319 11,958 (9,475 ) 135,332 Operating income (loss) $ 22,251 $ 6,083 $ 4,793 $ (11,958 ) $ — $ 21,169 Six Months Ended June 30, 2019 (in thousands) Wireless Cable Wireline Other Eliminations Consolidated External revenue Service revenue $ 191,425 $ 60,421 $ 11,043 $ — $ — $ 262,889 Equipment revenue 31,839 525 103 — — 32,467 Tower revenue 3,325 — — — — 3,325 Other revenue 665 4,503 13,908 — — 19,076 Total external revenue 227,254 65,449 25,054 — — 317,757 Internal revenue 2,540 2,950 13,382 — (18,872 ) — Total operating revenue 229,794 68,399 38,436 — (18,872 ) 317,757 Operating expenses Cost of services 67,041 31,348 18,130 — (17,504 ) 99,015 Cost of goods sold 30,169 287 55 — — 30,511 Selling, general and administrative 21,954 11,262 3,831 20,213 (1,368 ) 55,892 Depreciation and amortization 63,269 13,013 6,980 270 — 83,532 Total operating expenses 182,433 55,910 28,996 20,483 (18,872 ) 268,950 Operating income (loss) $ 47,361 $ 12,489 $ 9,440 $ (20,483 ) $ — $ 48,807 Six Months Ended June 30, 2018 (in thousands) Wireless Cable Wireline Other Eliminations Consolidated External revenue Service revenue $ 187,855 $ 57,219 $ 10,609 $ — $ — $ 255,683 Equipment revenue 33,193 303 92 — — 33,588 Tower revenue 3,294 3,294 Other revenue 732 4,172 13,170 — — 18,074 Total external revenue 225,074 61,694 23,871 — — 310,639 Internal revenue 2,483 2,128 14,948 — (19,559 ) — Total operating revenue 227,557 63,822 38,819 — (19,559 ) 310,639 Operating expenses Cost of services 67,238 30,281 19,175 12 (18,230 ) 98,476 Cost of goods sold 30,809 119 42 1 — 30,971 Selling, general and administrative 24,502 9,609 3,403 22,480 (1,329 ) 58,665 Depreciation and amortization 65,490 12,203 6,634 277 — 84,604 Total operating expenses 188,039 52,212 29,254 22,770 (19,559 ) 272,716 Operating income (loss) $ 39,518 $ 11,610 $ 9,565 $ (22,770 ) $ — $ 37,923

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events During the second quarter of 2019 , the Company agreed to purchase certain indefinite-lived FCC spectrum licenses and to assume the leases for certain other FCC spectrum licenses covering portions of Virginia and West Virginia. We plan to use these licenses in our Cable segment to provide fixed wireless broadband coverage. The Company agreed to pay $17.0 million at close of these agreements and approximately $4.0 million over the remaining lease terms of approximately 20 years . On July 9, 2019, we closed on the purchase of the indefinite-lived licenses and remitted $13.8 million to the seller. Assumption of the leased licenses is expected to close at various dates during the third quarter of 2019 , following customary regulatory approvals.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Adoption of New Accounting Principles Policy	Adoption of New Accounting Principles There have been no developments related to recently issued accounting standards, including the expected dates of adoption and estimated effects on the Company's unaudited condensed consolidated financial statements and note disclosures, from those disclosed in the Company's 2018 Annual Report on Form 10-K, that would be expected to impact the Company except for the following: The Company adopted ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220), as of January 1, 2019. The Company elected not to reclassify stranded income tax effects from accumulated other comprehensive income (OCI) to retained earnings and has implemented this election as its accounting policy as of January 1, 2019. The Company utilizes the portfolio approach as its policy to release the income tax effects from accumulated OCI as the entire portfolio is liquidated, sold, or extinguished. The Company adopted ASU No. 2016-02, Leases (“ Topic 842 ” or “ the new lease standard ”) on January 1, 2019. Topic 842 replaces previous leasing guidance with a comprehensive lease measurement and recognition standard and expanded disclosure requirements. Topic 842 requires lessees to recognize most leases on their balance sheet as liabilities, with corresponding right-of-use, or ROU assets. The Company adopted the new lease standard utilizing the modified retrospective approach. As a result, comparable period information has not been retrospectively updated. The modified retrospective approach includes a package of optional practical expedients that we elected to apply. As a result, the Company did not reassess prior conclusions regarding lease identification, lease classification and initial direct costs under the new standard. In those circumstances where the Company is the lessee, we have elected to account for non-lease components associated with our leases (e.g., maintenance costs) and lease components as a single lease component for substantially all of our asset classes under Topic 842.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The cumulative effect of the changes made to the consolidated January 1, 2019 balance sheet for the adoption of the new lease standard were as follows: (in thousands) December 31, 2018 As Previously Reported Effect of the Adoption of ASC Topic 842 (Leases) January 1, 2019 As Adjusted Assets Prepaid expenses and other $ 60,162 $ (11,580 ) $ 48,582 Property, plant and equipment, net 701,359 1,789 703,148 Operating lease right-of-use assets — 369,344 369,344 Intangible assets, net 366,029 (13,828 ) 352,201 Liabilities Current operating lease liabilities — 38,773 38,773 Accrued liabilities and other 14,563 (412 ) 14,151 Deferred Lease 22,436 (22,436 ) — Noncurrent operating lease liabilities — 328,156 328,156 Other liabilities 14,364 1,644 16,008
Lease Income and Costs and Lease Terms and Discount Rates	The following table summarizes other information related to operating and finance leases: (in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Operating cash flows used by leases $ 15,873 $ 30,544 Leased assets obtained in exchange for new operating lease liabilities 21,172 25,760 The following table shows the components of lease income and costs: (in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Lease income from operating leases - fixed $ 2,042 $ 4,070 Operating lease expense 16,752 33,660 Amortization of finance lease assets 123 241 Interest on finance lease liabilities 23 45 Subtotal finance lease cost 146 286 Total lease expense $ 16,898 $ 33,946 The following table summarizes the lease terms and discount rates: June 30, Weighted-average remaining lease term (years) Operating leases 8 Finance leases 16 Weighted-average discount rate Operating leases 4.8 % Finance leases 5.2 %
Expected Maturity of Lease Liabilities, Operating	The following table summarizes the expected maturity of lease liabilities at June 30, 2019 : (in thousands) Operating Leases Finance Leases Total 2019 $ 27,397 $ 92 $ 27,489 2020 62,536 174 62,710 2021 61,151 174 61,325 2022 58,134 174 58,308 2023 54,491 174 54,665 2024 and thereafter 184,800 1,699 186,499 Total lease payments 448,509 2,487 450,996 Less: Interest 77,700 771 78,471 Present value of lease liabilities $ 370,809 $ 1,716 $ 372,525
Expected Maturity of Lease Liabilities, Financing	The following table summarizes the expected maturity of lease liabilities at June 30, 2019 : (in thousands) Operating Leases Finance Leases Total 2019 $ 27,397 $ 92 $ 27,489 2020 62,536 174 62,710 2021 61,151 174 61,325 2022 58,134 174 58,308 2023 54,491 174 54,665 2024 and thereafter 184,800 1,699 186,499 Total lease payments 448,509 2,487 450,996 Less: Interest 77,700 771 78,471 Present value of lease liabilities $ 370,809 $ 1,716 $ 372,525
Minimum Rental Receipts Under Lease Agreement, Lessor, Operating Leases	The following table summarizes the total minimum rental receipts under lease agreements at June 30, 2019 : (in thousands) Operating Leases 2019 $ 3,635 2020 6,453 2021 4,377 2022 3,280 2023 1,653 2024 and thereafter 4,520 Total lease income $ 23,918

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Contract Asset Balances and Activity	Contract asset balances and activity for 2019 were as follows: (in millions) Three Months Ended Six Months Ended Beginning balance $ 70.4 $ 65.7 Contract payments 17.5 35.7 Contract amortization (14.1 ) (27.6 ) Ending balance $ 73.8 $ 73.8
Revenue, Remaining Performance Obligation	The following table summarizes the approximate amounts expected to be recognized as revenue after June 30, 2019 . Amount Expected to be Recognized as Revenue: (in millions) 2019 $ 0.4 2020 0.7 2021 0.7 2022 and thereafter 1.6 Total $ 3.4
Amortized and Capitalized Contract Costs	Amortized and capitalized costs for Cable and Wireline contracts were as follows: (in millions) Three Months Ended Six Months Ended Beginning Balance $ 10.4 $ 10.1 Contract payments 1.5 3.2 Contract amortization (1.4 ) (2.8 ) Ending Balance $ 10.5 $ 10.5

Earnings Per Share (EPS) (Table

Earnings Per Share (EPS) (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table indicates the computation of basic and diluted earnings per share: Three Months Ended Six Months Ended (in thousands, except per share amounts) 2019 2018 2019 2018 Calculation of net income per share: Net income $ 13,150 $ 9,626 $ 27,060 $ 16,209 Basic weighted average shares outstanding 49,848 49,547 49,812 49,511 Basic net income per share $ 0.26 $ 0.19 $ 0.54 $ 0.33 Effect of stock options outstanding: Basic weighted average shares outstanding 49,848 49,547 49,812 49,511 Effect from dilutive shares and options outstanding 294 523 306 518 Diluted weighted average shares outstanding 50,142 50,070 50,118 50,029 Diluted net income per share $ 0.26 $ 0.19 $ 0.54 $ 0.32
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The awards excluded because of their anti-dilutive effect were as follows: Three Months Ended Six Months Ended (in thousands) 2019 2018 2019 2018 Awards excluded from the computation of diluted net income per share because their inclusion would have been anti-dilutive 85 23 108 115

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2019
Investments [Abstract]
Schedule of other investments which do not have readily determinable fair values	Investments consist of the following: (in thousands) June 30, December 31, Domestic equity funds $ 1,690 $ 1,409 International equity funds 417 370 Total investments carried at fair value 2,107 1,779 CoBank 8,147 7,705 Equity in other telecommunications partners 777 782 Total investments carried at cost 8,924 8,487 Other 532 522 Total equity method investments 532 522 Total investments $ 11,563 $ 10,788

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment consisted of the following: (in thousands) Estimated Useful Lives June 30, December 31, 2018 Land $ 6,936 $ 6,723 Buildings and structures 10 - 40 years 227,825 213,657 Cable and fiber 4 - 40 years 319,750 309,928 Equipment and software 2 - 17 years 813,393 791,401 Plant in service 1,367,904 1,321,709 Plant under construction 81,191 81,409 Total property, plant and equipment 1,449,095 1,403,118 Less: accumulated amortization and depreciation 753,370 701,759 Property, plant and equipment, net $ 695,725 $ 701,359

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Carrying Amount of Goodwill	Goodwill by segment consisted of the following: (in thousands) June 30, December 31, 2018 Wireless $ 146,383 $ 146,383 Cable 2,677 104 Wireline 10 10 Total Goodwill $ 149,070 $ 146,497
Schedule of Intangible Assets	Intangible assets consisted of the following: June 30, 2019 December 31, 2018 (in thousands) Gross Accumulated Amortization and Other Net Gross Accumulated Amortization and Other Net Non-amortizing intangibles: Cable franchise rights $ 64,334 $ — $ 64,334 $ 64,334 $ — $ 64,334 Railroad crossing rights 141 — 141 141 — 141 Total non-amortizing intangibles 64,475 — 64,475 64,475 — 64,475 Finite-lived intangibles: Sprint affiliate contract expansion - Wireless 455,305 (197,783 ) 257,522 455,305 (167,830 ) 287,475 Favorable leases - Wireless — — — 15,743 (1,919 ) 13,824 Acquired subscribers - Cable 28,065 (25,399 ) 2,666 25,265 (25,250 ) 15 Other intangibles 463 (236 ) 227 463 (223 ) 240 Total finite-lived intangibles 483,833 (223,418 ) 260,415 496,776 (195,222 ) 301,554 Total intangible assets $ 548,308 $ (223,418 ) $ 324,890 $ 561,251 $ (195,222 ) $ 366,029

Derivative and Hedging (Tables)

Derivative and Hedging (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Financial Instrument 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 their classification in the condensed consolidated balance sheets. The fair value of these instruments was estimated using an income approach and observable market inputs (Level II): (in thousands) June 30, December 31, Balance sheet location of derivative financial instruments: Prepaid expenses and other $ 2,275 $ 4,930 Deferred charges and other assets, net 1,733 8,323 Total derivatives designated as hedging instruments $ 4,008 $ 13,253
Schedule of Accumulated Other Comprehensive Income (Loss)	The table below summarizes changes in accumulated other comprehensive income (loss) by component: Six Months Ended June 30, 2019 (in thousands) Gains (Losses) on Income Tax Accumulated Balance as of December 31, 2018 $ 13,253 $ (4,973 ) $ 8,280 Net change in unrealized gain (loss) (6,771 ) 1,688 (5,083 ) Amounts reclassified from accumulated other comprehensive income to interest expense (2,474 ) 617 (1,857 ) Net current period other comprehensive income (loss) (9,245 ) 2,305 (6,940 ) Balance as of June 30, 2019 $ 4,008 $ (2,668 ) $ 1,340

Other Assets and Accrued Liab_2

Other Assets and Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2019
Other Liabilities Disclosure [Abstract]
Schedule of Other Current Assets	Prepaid expenses and other, classified as current assets, included the following: (in thousands) June 30, December 31, 2018 Prepaid rent $ — $ 11,245 Prepaid maintenance expenses 3,499 3,981 Interest rate swaps 2,275 4,930 Contract asset 43,879 37,957 Other 4,133 2,049 Prepaid expenses and other $ 53,786 $ 60,162
Schedule of Other Assets, Noncurrent	Deferred charges and other assets, classified as long-term assets, included the following: (in thousands) June 30, December 31, 2018 Interest rate swaps $ 1,733 $ 8,323 Contract asset 40,438 37,848 Other 6,758 3,720 Deferred charges and other assets $ 48,929 $ 49,891
Summary of Accrued Liabilities and Other	Accrued liabilities and other, classified as current liabilities, included the following: (in thousands) June 30, December 31, 2018 Sales and property taxes payable $ 5,171 $ 4,281 Asset retirement obligations 478 582 Accrued programming costs 3,021 2,886 Financing leases 88 — Other current liabilities 5,755 6,814 Accrued liabilities and other $ 14,513 $ 14,563
Summary of Other Liabilities	Other liabilities, classified as long-term liabilities, included the following: (in thousands) June 30, December 31, 2018 Noncurrent portion of deferred lease revenue $ 12,327 $ 12,593 Noncurrent portion of financing leases 1,629 — Other 1,603 1,771 Other liabilities $ 15,559 $ 14,364

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule of long term debt	Total debt consisted of the following: (in thousands) June 30, December 31, 2018 Term loan A-1 $ 274,919 $ 287,699 Term loan A-2 485,540 497,537 760,459 785,236 Less: unamortized loan fees 13,453 14,994 Total debt, net of unamortized loan fees $ 747,006 $ 770,242 Current maturities of long-term debt, net of current unamortized loan fees $ 27,939 $ 20,618 Long-term debt, less current maturities, net of unamortized loan fees $ 719,067 $ 749,624
Financial covenants in credit agreements	As shown below, as of June 30, 2019 , the Company was in compliance with the covenants in its credit agreement. Actual Covenant Requirement Total leverage ratio 2.41 3.50 or Lower Debt service coverage ratio 4.61 2.00 or Higher Minimum liquidity balance (in millions) $ 172.9 $25.0 or Higher

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Selected Financial Data for Segments	Three Months Ended June 30, 2019 (in thousands) Wireless Cable Wireline Other Eliminations Consolidated External revenue Service revenue $ 94,350 $ 30,716 $ 5,558 $ — $ — $ 130,624 Equipment revenue 16,548 255 52 — — 16,855 Tower revenue 1,654 — — — — 1,654 Other revenue 318 2,238 7,225 — — 9,781 Total external revenue 112,870 33,209 12,835 — — 158,914 Internal revenue 1,270 1,481 6,692 — (9,443 ) — Total operating revenue 114,140 34,690 19,527 — (9,443 ) 158,914 Operating expenses Cost of services 33,563 15,701 8,979 — (8,746 ) 49,497 Cost of goods sold 15,742 112 19 — 1 15,874 Selling, general and administrative 10,592 5,536 1,988 9,752 (698 ) 27,170 Depreciation and amortization 32,219 6,555 3,447 132 — 42,353 Total operating expenses 92,116 27,904 14,433 9,884 (9,443 ) 134,894 Operating income (loss) $ 22,024 $ 6,786 $ 5,094 $ (9,884 ) $ — $ 24,020 Three Months Ended June 30, 2018 (in thousands) Wireless Cable Wireline Other Eliminations Consolidated External revenue Service revenue $ 95,690 $ 28,748 $ 5,301 $ — $ — $ 129,739 Equipment revenue 15,819 144 46 — — 16,009 Tower revenue 1,636 — — — — 1,636 Other revenue 364 2,122 6,631 — — 9,117 Total external revenue 113,509 31,014 11,978 — — 156,501 Internal revenue 1,244 1,097 7,134 — (9,475 ) — Total operating revenue 114,753 32,111 19,112 — (9,475 ) 156,501 Operating expenses Cost of services 33,488 15,125 9,373 12 (8,864 ) 49,134 Cost of goods sold 15,082 63 20 1 — 15,166 Selling, general and administrative 12,367 4,661 1,686 11,812 (611 ) 29,915 Depreciation and amortization 31,565 6,179 3,240 133 — 41,117 Total operating expenses 92,502 26,028 14,319 11,958 (9,475 ) 135,332 Operating income (loss) $ 22,251 $ 6,083 $ 4,793 $ (11,958 ) $ — $ 21,169 Six Months Ended June 30, 2019 (in thousands) Wireless Cable Wireline Other Eliminations Consolidated External revenue Service revenue $ 191,425 $ 60,421 $ 11,043 $ — $ — $ 262,889 Equipment revenue 31,839 525 103 — — 32,467 Tower revenue 3,325 — — — — 3,325 Other revenue 665 4,503 13,908 — — 19,076 Total external revenue 227,254 65,449 25,054 — — 317,757 Internal revenue 2,540 2,950 13,382 — (18,872 ) — Total operating revenue 229,794 68,399 38,436 — (18,872 ) 317,757 Operating expenses Cost of services 67,041 31,348 18,130 — (17,504 ) 99,015 Cost of goods sold 30,169 287 55 — — 30,511 Selling, general and administrative 21,954 11,262 3,831 20,213 (1,368 ) 55,892 Depreciation and amortization 63,269 13,013 6,980 270 — 83,532 Total operating expenses 182,433 55,910 28,996 20,483 (18,872 ) 268,950 Operating income (loss) $ 47,361 $ 12,489 $ 9,440 $ (20,483 ) $ — $ 48,807 Six Months Ended June 30, 2018 (in thousands) Wireless Cable Wireline Other Eliminations Consolidated External revenue Service revenue $ 187,855 $ 57,219 $ 10,609 $ — $ — $ 255,683 Equipment revenue 33,193 303 92 — — 33,588 Tower revenue 3,294 3,294 Other revenue 732 4,172 13,170 — — 18,074 Total external revenue 225,074 61,694 23,871 — — 310,639 Internal revenue 2,483 2,128 14,948 — (19,559 ) — Total operating revenue 227,557 63,822 38,819 — (19,559 ) 310,639 Operating expenses Cost of services 67,238 30,281 19,175 12 (18,230 ) 98,476 Cost of goods sold 30,809 119 42 1 — 30,971 Selling, general and administrative 24,502 9,609 3,403 22,480 (1,329 ) 58,665 Depreciation and amortization 65,490 12,203 6,634 277 — 84,604 Total operating expenses 188,039 52,212 29,254 22,770 (19,559 ) 272,716 Operating income (loss) $ 39,518 $ 11,610 $ 9,565 $ (22,770 ) $ — $ 37,923

Leases - Cumulative Effect of A

Leases - Cumulative Effect of Adoption (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Assets
Prepaid expenses and other	$ 53,786	$ 48,582	$ 60,162
Property, plant and equipment, net	695,725	703,148	701,359
Operating lease right-of-use assets	369,715	369,344	0
Intangible assets, net	324,890	352,201	366,029
Liabilities
Current operating lease liabilities	42,941	38,773	0
Accrued liabilities and other	14,513	14,151	14,563
Deferred Lease		0	22,436
Noncurrent operating lease liabilities	327,868	328,156	0
Other liabilities	$ 15,559	16,008	$ 14,364
Effect of the Adoption of ASC Topic 842 (Leases)
Assets
Prepaid expenses and other		(11,580)
Property, plant and equipment, net		1,789
Operating lease right-of-use assets		369,344
Intangible assets, net		(13,828)
Liabilities
Current operating lease liabilities		38,773
Accrued liabilities and other		(412)
Deferred Lease		(22,436)
Noncurrent operating lease liabilities		328,156
Other liabilities		$ 1,644

Leases - Lease Income and Cost

Leases - Lease Income and Cost (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Lease income from operating leases - fixed	$ 2,042,000	$ 4,070,000
Operating lease expense	16,752,000	33,660,000
Amortization of lease assets	123,000	241,000
Interest on finance lease liabilities	23,000	45,000
Subtotal finance lease cost	146,000	286,000
Total lease expense	$ 16,898,000	$ 33,946,000

Leases - Other Information (Det

Leases - Other Information (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Operating cash flows used by leases	$ 15,873	$ 30,544
Leased assets obtained in exchange for new operating lease liabilities	$ 21,172	$ 25,760

Leases - Lease Term and Discoun

Leases - Lease Term and Discount Rate (Details)	Jun. 30, 2019
Weighted-average remaining lease term (years)
Operating leases	8 years
Finance leases	16 years
Weighted-average discount rate
Operating leases	4.80%
Finance leases	5.20%

Leases - Maturity of Lease Liab

Leases - Maturity of Lease Liability - Lessee (Details) $ in Thousands	Jun. 30, 2019USD ($)
Operating Leases
2019	$ 27,397
2020	62,536
2021	61,151
2022	58,134
2023	54,491
2024 and thereafter	184,800
Total lease payments	448,509
Less: Interest	77,700
Present value of lease liabilities	370,809
Finance Leases
2019	92
2020	174
2021	174
2022	174
2023	174
2024 and thereafter	1,699
Total lease payments	2,487
Less: Interest	771
Present value of lease liabilities	1,716
Total
2019	27,489
2020	62,710
2021	61,325
2022	58,308
2023	54,665
2024 and thereafter	186,499
Total lease payments	450,996
Less: Interest	78,471
Present value of lease liabilities	$ 372,525

Leases - Maturity of Lease Li_2

Leases - Maturity of Lease Liability - Lessor (Details) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
2019	$ 3,635
2020	6,453
2021	4,377
2022	3,280
2023	1,653
2024 and thereafter	4,520
Total lease income	$ 23,918

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Leases [Abstract]
Commitments under leases under ASU 840, 2019		$ 55.1
Commitments under leases under ASU 840, 2020		104.4
Commitments under leases under ASU 840, 2021	$ 104.4
Commitments under leases under ASU 840, 2022		97.6
Commitments under leases under ASU 840, 2023	$ 97.6
Commitments under leases under ASU 840, thereafter		$ 168.5

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Narrative (Details)	6 Months Ended
	Jun. 30, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Management fee, percentage	8.00%
Service fee retained by Sprint	8.60%
Management fee on prepaid wireless revenues and costs	6.00%
Cable
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Installation revenue, recognition period	10 months
Commissions and other costs, recognition period (in months)	44 months
Wireline
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Installation revenue, recognition period	11 months
Commissions and other costs, recognition period (in months)	72 months
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reimbursement payment, cost of equipment and commissions, benefit period for recognition	21 months
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reimbursement payment, cost of equipment and commissions, benefit period for recognition	53 months

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Contract Asset Activity (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Contract Asset Balance [Roll Forward]
Beginning balance	$ 70.4	$ 65.7
Contract payments	17.5	35.7
Contract amortization	(14.1)	(27.6)
Ending balance	$ 73.8	$ 73.8

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Remaining Performance Obligations (Details) $ in Millions	Jun. 30, 2019USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligations	$ 3.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations, period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-07-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligations	$ 0.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligations	$ 0.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligations	$ 0.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligations	$ 1.6
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations, period	1 year

Revenue from Contracts with C_6

Revenue from Contracts with Customers - Contract Acquisition Costs and Cost to Fulfill Contracts (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Capitalized Contract Cost [Roll Forward]
Beginning Balance	$ 10.4	$ 10.1
Contract payments	1.5	3.2
Contract amortization	(1.4)	(2.8)
Ending Balance	$ 10.5	$ 10.5

Acquisition (Details)

Acquisition (Details) - USD ($) $ in Thousands	Feb. 28, 2019	Jun. 30, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill acquired		$ 149,070	$ 146,497
Big Sandy Acquisition
Business Acquisition [Line Items]
Cash purchase price	$ 10,000
Property, plant and equipment acquired	4,600
Goodwill acquired	2,600
Subscriber Relationships | Big Sandy Acquisition
Business Acquisition [Line Items]
Subscriber relationships acquired	$ 2,800
Estimated useful life, acquired intangible asset	7 years
Minimum | Big Sandy Acquisition
Business Acquisition [Line Items]
Estimated useful life, acquired property, plant and equipment	2 years 6 months
Maximum | Big Sandy Acquisition
Business Acquisition [Line Items]
Estimated useful life, acquired property, plant and equipment	12 years 6 months

Customer Concentration (Details

Customer Concentration (Details)	12 Months Ended
	Dec. 31, 1999renewalmegahertz
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Megahertz spectrum used	1,900
Initial term of contract	2029 years
Number of contract renewals | renewal	2
Length of renewals	10 years
Right or obligation to sell business, percentage of EBV	90.00%
Minimum
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Megahertz spectrum used	800
Maximum
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Megahertz spectrum used	2,500

Earnings Per Share (EPS) - Sche

Earnings Per Share (EPS) - Schedule of Diluted Earnings Per Shares Calculation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Calculation of net income per share:
Net income	$ 13,150	$ 9,626	$ 27,060	$ 16,209
Basic weighted average shares outstanding (in shares)	49,848	49,547	49,812	49,511
Basic income per share (in dollars per share)	$ 0.26	$ 0.19	$ 0.54	$ 0.33
Effect of stock options outstanding:
Basic weighted average shares outstanding (in shares)	49,848	49,547	49,812	49,511
Effect from dilutive shares and options outstanding (in shares)	294	523	306	518
Diluted weighted average shares (in shares)	50,142	50,070	50,118	50,029
Diluted income per share (in dollars per share)	$ 0.26	$ 0.19	$ 0.54	$ 0.32

Earnings Per Share (EPS) - Sc_2

Earnings Per Share (EPS) - Schedule of Antidilutive Shares (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Awards excluded from the computation of diluted net income per share because their inclusion would have been anti-dilutive (in shares)	85	23	108	115

Investments - Other Investments

Investments - Other Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investment [Line Items]
Total investments carried at fair value	$ 2,107	$ 1,779
Total investments carried at cost	8,924	8,487
Total equity method investments	532	522
Total investments	11,563	10,788
CoBank
Investment [Line Items]
Total investments carried at cost	8,147	7,705
Other
Investment [Line Items]
Total investments carried at cost	777	782
Total equity method investments	532	522
Domestic equity funds
Investment [Line Items]
Total investments carried at fair value	1,690	1,409
International equity funds
Investment [Line Items]
Total investments carried at fair value	$ 417	$ 370

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Property, plant and equipment [Abstract]
Total property, plant and equipment	$ 1,449,095		$ 1,403,118
Less accumulated amortization and depreciation	753,370		701,759
Property, plant and equipment, net	695,725	$ 703,148	701,359
Land
Property, plant and equipment [Abstract]
Total property, plant and equipment	6,936		6,723
Buildings and structures
Property, plant and equipment [Abstract]
Total property, plant and equipment	227,825		213,657
Cable and fiber
Property, plant and equipment [Abstract]
Total property, plant and equipment	319,750		309,928
Equipment and software
Property, plant and equipment [Abstract]
Total property, plant and equipment	813,393		791,401
Plant in service
Property, plant and equipment [Abstract]
Total property, plant and equipment	1,367,904		1,321,709
Plant under construction
Property, plant and equipment [Abstract]
Total property, plant and equipment	$ 81,191		$ 81,409
Minimum | Buildings and structures
Property, Plant and Equipment [Line Items]
Useful life (in years)	10 years
Minimum | Cable and fiber
Property, Plant and Equipment [Line Items]
Useful life (in years)	4 years
Minimum | Equipment and software
Property, Plant and Equipment [Line Items]
Useful life (in years)	2 years
Maximum | Buildings and structures
Property, Plant and Equipment [Line Items]
Useful life (in years)	40 years
Maximum | Cable and fiber
Property, Plant and Equipment [Line Items]
Useful life (in years)	40 years
Maximum | Equipment and software
Property, Plant and Equipment [Line Items]
Useful life (in years)	17 years

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Goodwill [Line Items]
Goodwill	$ 149,070	$ 146,497
Wireless
Goodwill [Line Items]
Goodwill	146,383	146,383
Cable
Goodwill [Line Items]
Goodwill	2,677	104
Wireline
Goodwill [Line Items]
Goodwill	$ 10	$ 10

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	38 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Total non-amortizing intangibles	$ 64,475	$ 64,475	$ 64,475		$ 64,475
Gross Carrying Amount	483,833	483,833	483,833		496,776
Accumulated Amortization and Other	(223,418)	(223,418)	(223,418)		(195,222)
Net	260,415	260,415	260,415		301,554
Total intangible assets, gross	548,308	548,308	548,308		561,251
Total intangible assets, net	324,890	324,890	324,890	$ 352,201	366,029
Waived management fees under affiliate agreement	9,700	19,300	117,700
Waived management fees under affiliate agreement, expected to be collected		137,900
Sprint affiliate contract expansion - Wireless
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	455,305	455,305	455,305		455,305
Accumulated Amortization and Other	(197,783)	(197,783)	(197,783)		(167,830)
Net	257,522	257,522	257,522		287,475
Favorable leases - Wireless
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	0	0	0		15,743
Accumulated Amortization and Other	0	0	0		(1,919)
Net	0	0	0		13,824
Acquired subscribers - Cable
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	28,065	28,065	28,065		25,265
Accumulated Amortization and Other	(25,399)	(25,399)	(25,399)		(25,250)
Net	2,666	2,666	2,666		15
Other intangibles
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	463	463	463		463
Accumulated Amortization and Other	(236)	(236)	(236)		(223)
Net	227	227	227		240
Cable franchise rights
Finite-Lived Intangible Assets [Line Items]
Total non-amortizing intangibles	64,334	64,334	64,334		64,334
Railroad crossing rights
Finite-Lived Intangible Assets [Line Items]
Total non-amortizing intangibles	$ 141	$ 141	$ 141		$ 141

Derivatives and Hedging - Sched

Derivatives and Hedging - Schedule of Derivative Financial Instrument as Well as its Classification on the Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]
Derivative assets	$ 1,733	$ 8,323
Interest rate swap | Derivatives designated as hedging instruments
Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]
Total derivatives designated as hedging instruments	4,008	13,253
Interest rate swap | Derivatives designated as hedging instruments | Prepaid expenses and other
Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]
Derivative assets	2,275	4,930
Interest rate swap | Derivatives designated as hedging instruments | Deferred charges and other assets, net
Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]
Derivative assets	$ 1,733	$ 8,323

Derivatives and Hedging - Sch_2

Derivatives and Hedging - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Gains (Losses) on Cash Flow Hedges
Balance as of December 31, 2018	$ 13,253
Balance as of June 30, 2019	4,008
Income Tax Expense
Balance as of December 31, 2018	(4,973)
Balance as of June 30, 2019	(2,668)
Accumulated Other Comprehensive Income (Loss), net of taxes
Balance as of December 31, 2018	8,280
Balance as of June 30, 2019	1,340
Gains (Losses) on Cash Flow Hedges
Gains (Losses) on Cash Flow Hedges
Net change in unrealized gain (loss)	(6,771)
Amounts reclassified from accumulated other comprehensive income to interest expense	(2,474)
Net current period accumulated other comprehensive income (loss)	(9,245)
Income Tax Expense
Net change in unrealized gain (loss)	1,688
Amounts reclassified from accumulated other comprehensive income to interest expense	617
Net current period accumulated other comprehensive income (loss)	2,305
Accumulated Other Comprehensive Income (Loss), net of taxes
Net change in unrealized gain (loss)	(5,083)
Amounts reclassified from accumulated other comprehensive income to interest expense	(1,857)
Net current period accumulated other comprehensive income (loss)	$ (6,940)

Derivatives and Hedging - Narra

Derivatives and Hedging - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Not Designated as Hedging Instrument | Cash Flow Hedge
Derivative [Line Items]
Notional amount of cash flow hedges	$ 361.9	$ 384

Other Assets and Accrued Liab_3

Other Assets and Accrued Liabilities - Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Other Liabilities Disclosure [Abstract]
Prepaid rent	$ 0		$ 11,245
Prepaid maintenance expenses	3,499		3,981
Interest rate swaps	2,275		4,930
Contract asset	43,879		37,957
Other	4,133		2,049
Prepaid expenses and other	$ 53,786	$ 48,582	$ 60,162

Other Assets and Accrued Liab_4

Other Assets and Accrued Liabilities - Long-Term Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Other Liabilities Disclosure [Abstract]
Interest rate swaps	$ 1,733	$ 8,323
Contract asset	40,438	37,848
Other	6,758	3,720
Deferred charges and other assets	$ 48,929	$ 49,891

Other Assets and Accrued Liab_5

Other Assets and Accrued Liabilities - Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Other Liabilities Disclosure [Abstract]
Sales and property taxes payable	$ 5,171		$ 4,281
Asset retirement obligations	478		582
Accrued programming costs	3,021		2,886
Financing leases	88
Other current liabilities	5,755		6,814
Accrued liabilities and other	$ 14,513	$ 14,151	$ 14,563

Other Assets and Accrued Liab_6

Other Assets and Accrued Liabilities - Long-Term Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Other Liabilities Disclosure [Abstract]
Non-current portion of deferred revenues	$ 12,327		$ 12,593
Noncurrent portion of financing leases	1,629
Other	1,603		1,771
Other liabilities	$ 15,559	$ 16,008	$ 14,364

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt	$ 760,459	$ 785,236
Less: unamortized loan fees	13,453	14,994
Total debt, net of unamortized loan fees	747,006	770,242
Current maturities of long-term debt, net of current unamortized loan fees	27,939	20,618
Long-term debt, less current maturities, net of unamortized loan fees	719,067	749,624
Term loan A-1
Debt Instrument [Line Items]
Long-term debt	274,919	287,699
Term loan A-2
Debt Instrument [Line Items]
Long-term debt	$ 485,540	$ 497,537

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Debt Instrument [Line Items]
Total debt, net of unamortized loan fees	$ 747,006		$ 770,242
Unamortized loan fees	$ 13,453		$ 14,994
Effective rate	3.79%
Cash paid for interest, net of amounts capitalized	$ 14,500	$ 16,900
Term loan A-1
Debt Instrument [Line Items]
Periodic payment of principal	3,600
Periodic payment principal, period two	7,300
Periodic payment principal, period three	$ 10,900
Term loan A-1 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate	1.75%
Term loan A-2
Debt Instrument [Line Items]
Periodic payment of principal	$ 1,200
Additional payment to required quarterly payments	$ 15,000
Term loan A-2 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate	2.00%

Long-Term Debt - Schedule of Fi

Long-Term Debt - Schedule of Financial Covenants (Details)	6 Months Ended
	Jun. 30, 2019USD ($)
Debt Disclosure [Abstract]
Leverage ratio, actual	2.41
Covenant requirement, total leverage ratio	3.50
Debt service coverage ratio, actual	4.61
Minimum debt service coverage ratio	2
Covenant, liquidity balance, actual	$ 172,900,000
Debt instrument covenants minimum liquidity amount	$ 25,000,000

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Effective tax rate	25.60%	26.80%	24.40%	24.80%
Cash income taxes paid			$ 4.2
Cash income tax refunds				$ 3.4

Segment Reporting - Selected Fi

Segment Reporting - Selected Financial Data for Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
External revenue
Operating revenues	$ 158,914	$ 156,501	$ 317,757	$ 310,639
Operating expenses:
Selling, general and administrative	27,170	29,915	55,892	58,665
Depreciation and amortization	42,353	41,117	83,532	84,604
Total operating expenses	134,894	135,332	268,950	272,716
Operating income	24,020	21,169	48,807	37,923
Wireless
External revenue
Operating revenues	112,870	113,509	227,254	225,074
Cable
External revenue
Operating revenues	33,209	31,014	65,449	61,694
Wireline
External revenue
Operating revenues	12,835	11,978	25,054	23,871
Other
External revenue
Operating revenues	0	0	0	0
Intersegment Eliminations
External revenue
Operating revenues	(9,443)	(9,475)	(18,872)	(19,559)
Operating expenses:
Selling, general and administrative	(698)	(611)	(1,368)	(1,329)
Depreciation and amortization	0	0	0	0
Total operating expenses	(9,443)	(9,475)	(18,872)	(19,559)
Operating income	0	0	0	0
Intersegment Eliminations | Wireless
External revenue
Operating revenues	(1,270)	(1,244)	(2,540)	(2,483)
Intersegment Eliminations | Cable
External revenue
Operating revenues	(1,481)	(1,097)	(2,950)	(2,128)
Intersegment Eliminations | Wireline
External revenue
Operating revenues	(6,692)	(7,134)	(13,382)	(14,948)
Intersegment Eliminations | Other
External revenue
Operating revenues	0	0	0	0
Operating Segments | Wireless
External revenue
Operating revenues	114,140	114,753	229,794	227,557
Operating expenses:
Selling, general and administrative	10,592	12,367	21,954	24,502
Depreciation and amortization	32,219	31,565	63,269	65,490
Total operating expenses	92,116	92,502	182,433	188,039
Operating income	22,024	22,251	47,361	39,518
Operating Segments | Cable
External revenue
Operating revenues	34,690	32,111	68,399	63,822
Operating expenses:
Selling, general and administrative	5,536	4,661	11,262	9,609
Depreciation and amortization	6,555	6,179	13,013	12,203
Total operating expenses	27,904	26,028	55,910	52,212
Operating income	6,786	6,083	12,489	11,610
Operating Segments | Wireline
External revenue
Operating revenues	19,527	19,112	38,436	38,819
Operating expenses:
Selling, general and administrative	1,988	1,686	3,831	3,403
Depreciation and amortization	3,447	3,240	6,980	6,634
Total operating expenses	14,433	14,319	28,996	29,254
Operating income	5,094	4,793	9,440	9,565
Operating Segments | Other
External revenue
Operating revenues	0	0	0	0
Operating expenses:
Selling, general and administrative	9,752	11,812	20,213	22,480
Depreciation and amortization	132	133	270	277
Total operating expenses	9,884	11,958	20,483	22,770
Operating income	(9,884)	(11,958)	(20,483)	(22,770)
Service revenue
External revenue
Operating revenues	130,624	129,739	262,889	255,683
Service revenue | Wireless
External revenue
Operating revenues	94,350	95,690	191,425	187,855
Service revenue | Cable
External revenue
Operating revenues	30,716	28,748	60,421	57,219
Service revenue | Wireline
External revenue
Operating revenues	5,558	5,301	11,043	10,609
Service revenue | Other
External revenue
Operating revenues	0	0	0	0
Equipment revenue
External revenue
Operating revenues	16,855	16,009	32,467	33,588
Equipment revenue | Wireless
External revenue
Operating revenues	16,548	15,819	31,839	33,193
Equipment revenue | Cable
External revenue
Operating revenues	255	144	525	303
Equipment revenue | Wireline
External revenue
Operating revenues	52	46	103	92
Equipment revenue | Other
External revenue
Operating revenues	0	0	0	0
Tower revenue
External revenue
Operating revenues	1,654	1,636	3,325	3,294
Tower revenue | Wireless
External revenue
Operating revenues	1,654	1,636	3,325	3,294
Tower revenue | Cable
External revenue
Operating revenues	0	0	0
Tower revenue | Wireline
External revenue
Operating revenues	0	0	0
Tower revenue | Other
External revenue
Operating revenues	0	0	0
Other revenue
External revenue
Operating revenues	9,781	9,117	19,076	18,074
Other revenue | Wireless
External revenue
Operating revenues	318	364	665	732
Other revenue | Cable
External revenue
Operating revenues	2,238	2,122	4,503	4,172
Other revenue | Wireline
External revenue
Operating revenues	7,225	6,631	13,908	13,170
Other revenue | Other
External revenue
Operating revenues	0	0	0	0
Cost of services
Operating expenses:
Cost of services	49,497	49,134	99,015	98,476
Cost of services | Intersegment Eliminations
Operating expenses:
Cost of services	(8,746)	(8,864)	(17,504)	(18,230)
Cost of services | Operating Segments | Wireless
Operating expenses:
Cost of services	33,563	33,488	67,041	67,238
Cost of services | Operating Segments | Cable
Operating expenses:
Cost of services	15,701	15,125	31,348	30,281
Cost of services | Operating Segments | Wireline
Operating expenses:
Cost of services	8,979	9,373	18,130	19,175
Cost of services | Operating Segments | Other
Operating expenses:
Cost of services	0	12	0	12
Cost of goods sold
Operating expenses:
Cost of services	15,874	15,166	30,511	30,971
Cost of goods sold | Intersegment Eliminations
Operating expenses:
Cost of services	1	0	0	0
Cost of goods sold | Operating Segments | Wireless
Operating expenses:
Cost of services	15,742	15,082	30,169	30,809
Cost of goods sold | Operating Segments | Cable
Operating expenses:
Cost of services	112	63	287	119
Cost of goods sold | Operating Segments | Wireline
Operating expenses:
Cost of services	19	20	55	42
Cost of goods sold | Operating Segments | Other
Operating expenses:
Cost of services	$ 0	$ 1	$ 0	$ 1

Subsequent Events - Narrative (

Subsequent Events - Narrative (Details) - USD ($) $ in Millions	Jul. 09, 2019	Jun. 30, 2019
Subsequent Event [Line Items]
Amount paid to acquire indefinite-lived FCC spectrum licenses		$ 17
Amount paid at close to acquire indefinite-lived FCC spectrum licenses		$ 4
Remaining lease term (in years)		20 years
Subsequent Event
Subsequent Event [Line Items]
Amount remitted to seller for purchase of indefinite-lived licenses	$ 13.8

Uncategorized Items - shenq2201

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 56,097,000
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 56,097,000