Shenandoah Telecommunications (SHEN) 10-Q 30 Apr 20 2020 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2020	Apr. 24, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	000-09881
Entity Registrant Name	SHENANDOAH TELECOMMUNICATIONS COMPANY
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		49,842,000
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 Central Index Key	0000354963
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 120,232	$ 101,651
Accounts receivable, net of allowance for doubtful accounts of $410 and $533, respectively	61,526	63,541
Income taxes receivable	8,157	10,306
Inventory, net of allowances of $71 and $66, respectively	7,071	5,728
Prepaid expenses and other	60,923	60,527
Total current assets	257,909	241,753
Investments	12,011	12,388
Property, plant and equipment, net	695,920	701,514
Intangible assets, net	299,458	314,147
Goodwill	149,070	149,070
Operating lease right-of-use assets	382,973	392,589
Deferred charges and other assets	53,436	53,352
Total assets	1,850,777	1,864,813
Current liabilities:
Current maturities of long-term debt, net of unamortized loan fees	31,672	31,650
Accounts payable	30,384	40,295
Advanced billings and customer deposits	8,414	8,358
Accrued compensation	5,787	10,075
Current operating lease liabilities	44,204	42,567
Accrued liabilities and other	19,183	14,391
Total current liabilities	139,644	147,336
Long-term debt, less current maturities, net of unamortized loan fees	680,531	688,464
Other long-term liabilities:
Deferred income taxes	137,674	137,567
Asset retirement obligations	37,422	36,914
Benefit plan obligations	11,980	12,675
Noncurrent operating lease liabilities	343,723	352,439
Other liabilities	19,153	16,990
Total other long-term liabilities	549,952	556,585
Shareholders’ equity:
Common stock, no par value, authorized 96,000; 49,842 and 49,671 issued and outstanding at March 31, 2020 and December 31, 2019, respectively	0	0
Additional paid in capital	43,158	42,110
Retained earnings	443,290	430,010
Accumulated other comprehensive (loss) income, net of taxes	(5,798)	308
Total shareholders’ equity	480,650	472,428
Total liabilities and shareholders’ equity	$ 1,850,777	$ 1,864,813

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 410	$ 533
Inventory reserves	$ 71	$ 66
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	96,000,000	96,000,000
Common stock, shares issued (in shares)	49,842,000	49,671,000
Common stock, shares outstanding (in shares)	49,842,000	49,671,000

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenue:
Total revenue	$ 153,188	$ 158,843
Operating expenses
Selling, general and administrative	30,991	28,722
Depreciation and amortization	36,911	41,179
Total operating expenses	130,138	134,056
Operating income	23,050	24,787
Other income (expense):
Interest expense	(6,211)	(7,954)
Other	733	1,287
Income before income taxes	17,572	18,120
Income tax expense	4,292	4,210
Net income	13,280	13,910
Other comprehensive income:
Unrealized loss on interest rate hedge, net of tax	(6,106)	(2,728)
Comprehensive income	$ 7,174	$ 11,182
Net income per share, basic and diluted:
Basic net income per share (in dollars per share)	$ 0.27	$ 0.28
Diluted net income per share (in dollars per share)	$ 0.27	$ 0.28
Weighted average shares outstanding, basic (in shares)	49,888	49,775
Weighted average shares outstanding, diluted (in shares)	50,036	50,115
Service revenue and other
Revenue:
Total revenue	$ 140,188	$ 143,231
Equipment revenue
Revenue:
Total revenue	13,000	15,612
Services
Operating expenses
Cost of services and cost of goods sold	49,565	49,518
Products
Operating expenses
Cost of services and cost of goods sold	$ 12,671	$ 14,637

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Shares of Common Stock (no par value)	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance (in shares) at Dec. 31, 2018		49,630,000
Balance at Dec. 31, 2018	$ 444,232		$ 47,456	$ 388,496	$ 8,280
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	13,910			13,910
Other comprehensive gain (loss), net of tax	(2,728)				(2,728)
Stock based compensation (in shares)		167,000
Stock based compensation	1,802		1,802
Stock options exercised (in shares)		28,000
Stock options exercised	175		175
Common stock issued	8		8
Shares retired for settlement of employee taxes upon issuance of vested equity awards (in shares)		(57,000)
Shares retired for settlement of employee taxes upon issuance of vested equity awards	(2,800)		(2,800)
Common stock issued to acquire non-controlling interest in nTelos		76,000
Balance (in shares) at Mar. 31, 2019		49,844,000
Balance at Mar. 31, 2019	454,599		46,641	402,406	5,552
Balance (in shares) at Dec. 31, 2018		49,630,000
Balance at Dec. 31, 2018	$ 444,232		47,456	388,496	8,280
Balance (in shares) at Dec. 31, 2019	49,671,000	49,671,000
Balance at Dec. 31, 2019	$ 472,428		42,110	430,010	308
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	13,280			13,280
Other comprehensive gain (loss), net of tax	(6,106)				(6,106)
Stock based compensation (in shares)		137,000
Stock based compensation	2,985		2,985
Common stock issued	8		8
Shares retired for settlement of employee taxes upon issuance of vested equity awards (in shares)		(42,000)
Shares retired for settlement of employee taxes upon issuance of vested equity awards	$ (1,945)		(1,945)
Common stock issued to acquire non-controlling interest in nTelos		76,000
Balance (in shares) at Mar. 31, 2020	49,842,000	49,842,000
Balance at Mar. 31, 2020	$ 480,650		$ 43,158	$ 443,290	$ (5,798)

UNAUDITED CONDENSED CONSOLIDA_4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 13,280	$ 13,910
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	32,468	35,520
Amortization of intangible assets	4,868	5,659
Accretion of asset retirement obligations	404	350
Bad debt expense	205	367
Stock based compensation expense, net of amount capitalized	2,905	1,714
Deferred income taxes	2,135	(3,378)
Gain from patronage and investments	(339)	(1,140)
Amortization of long-term debt issuance costs	674	963
Changes in assets and liabilities:
Accounts receivable	2,543	(3,127)
Inventory, net	(1,343)	(1,975)
Current income taxes	2,149	7,588
Operating lease right-of-use assets	12,939	7,779
Waived management fee	9,798	9,628
Other assets	(3,489)	(1,460)
Accounts payable	(4,400)	4,641
Lease liabilities	(10,402)	(9,662)
Other deferrals and accruals	(3,287)	(5,714)
Net cash provided by operating activities	61,108	61,663
Cash flows used in investing activities:
Capital expenditures	(32,299)	(44,420)
Cash disbursed for acquisitions	0	(10,000)
Proceeds from sale of assets and other	274	45
Net cash used in investing activities	(32,025)	(54,375)
Cash flows used in financing activities:
Principal payments on long-term debt	(8,530)	(19,889)
Taxes paid for equity award issuances	(1,945)	(2,698)
Other	(27)	72
Net cash used in financing activities	(10,502)	(22,515)
Net increase (decrease) in cash and cash equivalents	18,581	(15,227)
Cash and cash equivalents, beginning of period	101,651	85,086	$ 85,086
Cash and cash equivalents, end of period	$ 120,232	$ 69,859	$ 101,651

Basis of Presentation and Other

Basis of Presentation and Other Information	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Other Information	Basis of Presentation and Other Information The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X for interim financial information. All normal recurring adjustments considered necessary for a fair presentation have been included. Certain disclosures normally included in annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) have been omitted. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes contained in our Annual Report on Form 10-K for the year ended December 31, 2019 . The preparation of the unaudited interim consolidated financial statements requires management of the Company to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingencies at the date of the unaudited interim consolidated financial statements. These estimates are inherently subject to judgment and actual results could differ. T-Mobile Acquisition of Sprint On April 1, 2020, T-Mobile US, Inc. (“T-Mobile”) announced the completion of its business combination with Sprint Corporation (“Sprint”) and subsequently delivered to the Company a notice of Network Technology Conversion, Brand Conversion and Combination Conversion (a “Conversion Notice”) pursuant to the terms of our affiliate agreement. The affiliate agreement provides for a 90 -day period following receipt of the Conversion Notice for the parties to negotiate mutually agreeable terms and conditions under which the Company would continue as an affiliate of T-Mobile. The affiliate agreement further provides that, if T-Mobile and the Company have not negotiated a mutually acceptable agreement within the 90 -day period, then T-Mobile would have a period of 60 days thereafter to exercise an option to purchase the assets of our Wireless operations for 90% of the "Entire Business Value," (as defined under our affiliate agreement). If T-Mobile does not exercise its purchase option, the Company would then have a 60 -day period to exercise an option to purchase the legacy T-Mobile network and subscribers in our service area. If the Company does not exercise its purchase option, T-Mobile must sell or decommission its legacy network and customers in our service area. The outcome of these proceedings could significantly impact our business operations and financial statements. COVID-19 On March 11, 2020, the World Health Organization classified the COVID-19 outbreak as a pandemic. While we do not operate in the densely populated urban markets that have been most-affected by the pandemic, our postpaid gross additions, equipment revenue, and cost of goods sold decreased as stay-at-home directives led to the temporary closure of approximately 40% of our Sprint-branded retail stores in mid-March. Our wireless and broadband internet services are essential during a time of social distancing. Nonetheless, national unemployment rates increased markedly in April. Sprint also adopted the Keep Americans Connected pledge and T-Mobile chose to change subscriber collection policies following its April 1, 2020 acquisition of Sprint. It is reasonably possible that these risks and uncertainties could impact the collectability of our accounts receivable and revenue. It is also reasonably possible that they could impact the measurement of our wireless segment’s contract asset, which is reduced by an estimated refund obligation for amounts that T-Mobile is later unable to collect from its subscribers. We update that estimate based upon trends in our refund experience. To-date, our collection experience and expected credit losses have not been materially affected. We will continue to monitor the impacts of this unprecedented pandemic and will prospectively revise our estimates as appropriate. We do not currently anticipate any material impairments of our long-lived assets or of our indefinite-lived intangible assets as a result of COVID-19. Revision of Prior Period Financial Statements In connection with the preparation of our unaudited condensed consolidated financial statements for the three months ended March 31, 2020, we determined that certain errors existed in our previously issued financial statements. Specifically: • Prepaid and other assets, as of December 31, 2019, were understated by $2.7 million , deferred tax liabilities were understated by $0.7 million , and retained earnings were understated by $2.0 million as the result of a failure to properly account for handsets that were utilized as demo phones in certain wireless retail stores within our area of operation. All of the impact to retained earnings is attributable to 2017 and prior years. • Property, plant and equipment, net, and deferred income tax liabilities as of December 31, 2019 were understated by $1.4 million and $0.4 million , respectively. Depreciation expense was overstated by $1.4 million for the year and quarter ended December 31, 2019. Income tax expense and net income were understated by $0.4 million and $1.0 million , respectively, for the year and quarter ended December 31, 2019. We evaluated these errors under the U.S. Securities and Exchange Commission's ("SEC's") authoritative guidance on materiality and the quantification of the effect of prior period misstatements on financial statements, and we have determined that the impact of these errors on our prior period consolidated financial statements is immaterial. However, since the correction of these errors in the first quarter of 2020 could have become material to our results of operations for the year ending December 31, 2020, we revised our prior period financial statements to correct these errors herein. For the year and quarter ended December 31, 2019, the correction of these errors resulted in a $0.02 increase in both basic and diluted earnings per share. 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 2019 Annual Report on Form 10-K, that would be expected to impact the Company except for the following: The Company adopted ASU No. 2016-13, Financial Instruments - Credit Losses ("ASC 326"): Measurement of Credit Losses on Financial Instruments , as of January 1, 2020 using the modified retrospective transition method. ASC 326 requires the application of a current expected credit loss (“CECL”) impairment model to financial assets measured at amortized cost including trade accounts receivable, net investments in leases, and certain off-balance-sheet credit exposures. Under the CECL model, lifetime expected credit losses on such financial assets are measured and recognized at each reporting date based on historical, current, and forecasted information. Furthermore, the CECL model requires financial assets with similar risk characteristics to be analyzed on a collective basis. There was no significant impact to condensed consolidated financial statements upon adoption. The Company adopted ASU No. 2018-15, Intangibles - Goodwill and Other - Internal-Use Software ("ASC 350"): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract,

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Refer to Note 13 , Segment Reporting , for a summary of our revenue streams, which are discussed further below. Wireless Segment Revenue Under our affiliate agreement with Sprint, we have historically earned and recognized monthly revenue of $1.5 million for providing service to Sprint customers who pass through our network area ("travel revenue"). While we continue to provide these services to Sprint, the agreed upon payments were suspended by Sprint on April 30, 2019. Accordingly, we have ceased recognizing revenue for the services provided after that date until a new prospective fee can be agreed. We have triggered the final dispute resolution option with Sprint which we expect will lead to a resolution for travel fee revenue in the second quarter of 2020. Below is a summary of the Wireless segment's contract asset: Three Months Ended (in thousands) 2020 2019 Beginning Balance $ 84,663 $ 65,674 Contract payments 18,245 18,151 Contract amortization against revenue (16,710 ) (13,454 ) Ending Balance $ 86,198 $ 70,371 Our Wireless contract asset is reduced by an estimated obligation to refund amounts that Sprint is later unable to collect from its subscribers. This refund obligation totaled $7.0 million at both March 31, 2020 and December 31, 2019 . Broadband Segment Revenue Below is a summary of the Broadband segment's capitalized contract acquisition costs: Three Months Ended (in thousands) 2020 2019 Beginning Balance $ 11,005 $ 10,091 Contract payments 1,685 1,699 Contract amortization (1,027 ) (1,381 ) Ending Balance $ 11,663 $ 10,409 Future performance obligations On March 31, 2020 , the Company had approximately $3.2 million allocated to unsatisfied performance obligations that will be satisfied at the rate of approximately $0.8 million

Investments

Investments	3 Months Ended
	Mar. 31, 2020
Investments [Abstract]
Investments	Investments Investments consist of the following: (in thousands) March 31, 2020 December 31, 2019 SERP Investments at fair value $ 1,706 $ 2,278 Cost method investments 9,739 9,497 Equity method investments 566 613 Total investments $ 12,011 $ 12,388 SERP Investments at fair value: The Supplemental Executive Retirement Plan (“SERP”) is a benefit plan that provides deferred compensation to certain employees. The Company holds the related investments in a rabbi trust as a source of funding for future payments under the plan. The SERP’s investments were designated as trading securities and will be liquidated and paid out to the participants upon retirement. The benefit obligation to participants is always equal to the value of the SERP assets under ASC 710 Compensation . Changes to the investments fair value are presented in Other income (expense), while the reciprocal changes in the liability are presented in selling, general and administrative expense. Cost Method Investments: Our investment in CoBank’s Class A common stock represented substantially all of our cost method investments with a balance of $9.0 million and $8.7 million at March 31, 2020 and December 31, 2019 , respectively. We recognized approximately $1.0 million and $0.9 million of patronage income in Other income (expense) in the three months ended March 31, 2020 and 2019 , respectively. Historically, approximately 75% of the patronage distributions were in cash and 25% in equity. Equity Method Investments: At March 31, 2020 , the Company had a 20.0% ownership interest in Valley Network Partnership (“ValleyNet”). The Company and ValleyNet purchase capacity on one another’s fiber network. We recognized revenue of $0.2 million from providing service to ValleyNet during both of the three months ended March 31, 2020 and 2019 . We recognized cost of service of $0.8 million and $0.7 million for the use of ValleyNet’s network during both of the three months ended March 31, 2020 and 2019 , respectively.

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	Mar. 31, 2020
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 March 31, December 31, Land $ 7,143 $ 6,976 Buildings and structures 10 - 40 years 238,728 232,730 Cable and fiber 15 - 40 years 348,658 334,260 Equipment and software 3 - 20 years 870,089 867,898 Plant in service 1,464,618 1,441,864 Plant under construction 59,097 56,827 Total property, plant and equipment 1,523,715 1,498,691 Less: accumulated amortization and depreciation 827,795 797,177 Property, plant and equipment, net $ 695,920 $ 701,514

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets There were no changes to goodwill during the three months ended March 31, 2020 . Other intangible assets consisted of the following: March 31, 2020 December 31, 2019 (in thousands) Gross Accumulated Amortization and Other Net Gross Accumulated Amortization and Other Net Indefinite-lived intangibles: Cable franchise rights $ 64,334 $ — $ 64,334 $ 64,334 $ — $ 64,334 FCC spectrum licenses 13,839 — 13,839 13,839 — 13,839 Railroad crossing rights 141 — 141 141 — 141 Total indefinite-lived intangibles 78,314 — 78,314 78,314 — 78,314 Finite-lived intangibles: Sprint affiliate contract expansion - Wireless 455,305 (241,231 ) 214,074 455,305 (226,712 ) 228,593 FCC spectrum licenses 4,659 (160 ) 4,499 4,659 (97 ) 4,562 Acquired subscribers - Cable 28,065 (25,700 ) 2,365 28,065 (25,600 ) 2,465 Other intangibles 463 (257 ) 206 463 (250 ) 213 Total finite-lived intangibles 488,492 (267,348 ) 221,144 488,492 (252,659 ) 235,833 Total intangible assets $ 566,806 $ (267,348 ) $ 299,458 $ 566,806 $ (252,659 ) $ 314,147 We acquired Big Sandy Broadband, Inc. (“Big Sandy”) on February 28, 2019. The $10 million acquisition price was allocated as follows within our broadband segment: $4.6 million of property, plant and equipment; $2.8 million of subscriber relationships; and $2.6 million of goodwill. In 2016, we acquired nTelos Holdings Corp. and immediately transferred certain of the acquired assets to Sprint in an interrelated nonmonetary exchange. In the exchange, we received a corresponding expansion of our Sprint Affiliate Area, future billings associated with Sprint subscribers already in that expanded area, and an increase in the price that Sprint would pay to buy our Wireless asset group in the event that either party chooses not to renew the affiliate agreement. Sprint also agreed to waive up to $4.2 million of our monthly management fee, not to exceed $255.6 million in total, over a multi-year period. We accounted for these collective rights as an affiliate contract expansion (“ACE”) intangible, which is amortized over the expected benefit period and further reduced as management fees are waived by Sprint. We realized management fee waivers of $9.8 million and $9.6 million during the three months ended March 31, 2020 and 2019 , respectively, and $147.0 million since the date of the business combination. During 2017 and 2018, we entered into purchase agreements with Sprint to further expand our affiliate territory to include areas around Parkersburg, West Virginia, and Richmond, Virginia, respectively. The relevant portion of these payments were also capitalized as ACE intangible assets. Amounts paid in connection with the acquisition of a business are presented as amortization expense in our income statement. Amounts paid to Sprint outside of a business combination are accounted for as consideration paid to a customer with amortization presented as a reduction of Service and other revenue in our unaudited condensed consolidated statements of comprehensive income. Amortization of intangible assets was $4.9 million and $5.7 million for the three months ended March 31, 2020 and 2019 , respectively.

Other Assets and Accrued Liabil

Other Assets and Accrued Liabilities	3 Months Ended
	Mar. 31, 2020
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) March 31, December 31, Wireless contract asset $ 46,552 $ 44,844 Broadband contract acquisition and fulfillment costs 4,029 4,898 Prepaid maintenance expenses 3,252 3,329 Interest rate swaps — 1,382 Other 7,090 6,074 Prepaid expenses and other $ 60,923 $ 60,527 Deferred charges and other assets, classified as long-term assets, included the following: (in thousands) March 31, December 31, 2019 Wireless contract asset $ 39,646 $ 39,819 Broadband contract acquisition and fulfillment costs 7,634 6,107 Interest rate swaps — 1,252 Prepaid expenses and other 6,156 6,174 Deferred charges and other assets $ 53,436 $ 53,352 Accrued liabilities and other, classified as current liabilities, included the following: (in thousands) March 31, 2020 December 31, 2019 Sales and property taxes payable $ 5,259 $ 3,789 Accrued programming costs 3,053 3,023 Interest rate swaps 2,731 — Asset retirement obligations 137 148 Financing leases 97 94 FCC spectrum license obligations 28 105 Other current liabilities 7,878 7,232 Accrued liabilities and other $ 19,183 $ 14,391 Other liabilities, classified as long-term liabilities, included the following: (in thousands) March 31, December 31, 2019 Noncurrent portion of deferred lease revenue $ 12,291 $ 12,449 FCC spectrum license obligations 1,703 1,699 Noncurrent portion of financing leases 1,543 1,591 Interest rate swaps 2,769 — Other 847 1,251 Other liabilities $ 19,153 $ 16,990 Market expectations of the projected London Interbank Offering Rate (LIBOR) decreased significantly during the first quarter of 2020 , which drove the fair value of our interest rate swaps to a liability. Refer to Note 9 , Derivatives and Hedging for more information.

Leases

Leases	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	Leases At March 31, 2020 , our operating leases had a weighted average remaining lease term of nine years and a weighted average discount rate of 4.3% . Our finance leases had a weighted average remaining lease term of fifteen years and a weighted average discount rate of 5.1% . During the three months ended March 31, 2020 and 2019 , we recognized $17.8 million and $16.9 million of operating lease expense, respectively. We recognized $0.1 million of interest and depreciation expense on finance leases during the three months ended March 31, 2020 and 2019 . Operating lease expense is presented in cost of service or selling, general and administrative expense based on the use of the relevant facility. Variable lease payments and short-term lease expense were both immaterial. We remitted $15.5 million and $14.7 million of operating lease payments during the three months ended March 31, 2020 and 2019 , respectively. We also obtained $3.3 million and $4.6 million of leased assets in exchange for new operating lease liabilities during the three months ended March 31, 2020 and 2019 , respectively. The following table summarizes the expected maturity of lease liabilities at March 31, 2020 : (in thousands) Operating Leases Finance Leases Total 2020 $ 45,222 $ 108 $ 45,330 2021 66,042 174 66,216 2022 64,256 174 64,430 2023 60,770 174 60,944 2024 56,105 174 56,279 2025 and thereafter 191,726 1,532 193,258 Total lease payments 484,121 2,336 486,457 Less: Interest 96,194 696 96,890 Present value of lease liabilities $ 387,927 $ 1,640 $ 389,567 We recognized $2.1 million and $2.0 million of operating lease revenue during the three months ended March 31, 2020 and 2019 , respectively, related to the cell site colocation space and dedicated fiber optic strands that we lease to our customers, which is included in Service and other revenue in the unaudited condensed consolidated statements of comprehensive income. Substantially all of our lease revenue relates to fixed lease payments. Below is a summary of our minimum rental receipts under the lease agreements in place at March 31, 2020 : (in thousands) Operating Leases 2020 $ 5,527 2021 5,775 2022 4,742 2023 3,112 2024 1,915 2025 and thereafter 4,192 Total $ 25,263
Leases	Leases At March 31, 2020 , our operating leases had a weighted average remaining lease term of nine years and a weighted average discount rate of 4.3% . Our finance leases had a weighted average remaining lease term of fifteen years and a weighted average discount rate of 5.1% . During the three months ended March 31, 2020 and 2019 , we recognized $17.8 million and $16.9 million of operating lease expense, respectively. We recognized $0.1 million of interest and depreciation expense on finance leases during the three months ended March 31, 2020 and 2019 . Operating lease expense is presented in cost of service or selling, general and administrative expense based on the use of the relevant facility. Variable lease payments and short-term lease expense were both immaterial. We remitted $15.5 million and $14.7 million of operating lease payments during the three months ended March 31, 2020 and 2019 , respectively. We also obtained $3.3 million and $4.6 million of leased assets in exchange for new operating lease liabilities during the three months ended March 31, 2020 and 2019 , respectively. The following table summarizes the expected maturity of lease liabilities at March 31, 2020 : (in thousands) Operating Leases Finance Leases Total 2020 $ 45,222 $ 108 $ 45,330 2021 66,042 174 66,216 2022 64,256 174 64,430 2023 60,770 174 60,944 2024 56,105 174 56,279 2025 and thereafter 191,726 1,532 193,258 Total lease payments 484,121 2,336 486,457 Less: Interest 96,194 696 96,890 Present value of lease liabilities $ 387,927 $ 1,640 $ 389,567 We recognized $2.1 million and $2.0 million of operating lease revenue during the three months ended March 31, 2020 and 2019 , respectively, related to the cell site colocation space and dedicated fiber optic strands that we lease to our customers, which is included in Service and other revenue in the unaudited condensed consolidated statements of comprehensive income. Substantially all of our lease revenue relates to fixed lease payments. Below is a summary of our minimum rental receipts under the lease agreements in place at March 31, 2020 : (in thousands) Operating Leases 2020 $ 5,527 2021 5,775 2022 4,742 2023 3,112 2024 1,915 2025 and thereafter 4,192 Total $ 25,263
Leases	Leases At March 31, 2020 , our operating leases had a weighted average remaining lease term of nine years and a weighted average discount rate of 4.3% . Our finance leases had a weighted average remaining lease term of fifteen years and a weighted average discount rate of 5.1% . During the three months ended March 31, 2020 and 2019 , we recognized $17.8 million and $16.9 million of operating lease expense, respectively. We recognized $0.1 million of interest and depreciation expense on finance leases during the three months ended March 31, 2020 and 2019 . Operating lease expense is presented in cost of service or selling, general and administrative expense based on the use of the relevant facility. Variable lease payments and short-term lease expense were both immaterial. We remitted $15.5 million and $14.7 million of operating lease payments during the three months ended March 31, 2020 and 2019 , respectively. We also obtained $3.3 million and $4.6 million of leased assets in exchange for new operating lease liabilities during the three months ended March 31, 2020 and 2019 , respectively. The following table summarizes the expected maturity of lease liabilities at March 31, 2020 : (in thousands) Operating Leases Finance Leases Total 2020 $ 45,222 $ 108 $ 45,330 2021 66,042 174 66,216 2022 64,256 174 64,430 2023 60,770 174 60,944 2024 56,105 174 56,279 2025 and thereafter 191,726 1,532 193,258 Total lease payments 484,121 2,336 486,457 Less: Interest 96,194 696 96,890 Present value of lease liabilities $ 387,927 $ 1,640 $ 389,567 We recognized $2.1 million and $2.0 million of operating lease revenue during the three months ended March 31, 2020 and 2019 , respectively, related to the cell site colocation space and dedicated fiber optic strands that we lease to our customers, which is included in Service and other revenue in the unaudited condensed consolidated statements of comprehensive income. Substantially all of our lease revenue relates to fixed lease payments. Below is a summary of our minimum rental receipts under the lease agreements in place at March 31, 2020 : (in thousands) Operating Leases 2020 $ 5,527 2021 5,775 2022 4,742 2023 3,112 2024 1,915 2025 and thereafter 4,192 Total $ 25,263

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Our syndicated Credit Agreement includes a $75 million , five -year undrawn revolving credit facility, as well as the following outstanding term loans: (in thousands) March 31, December 31, Term loan A-1 $ 251,288 $ 258,571 Term loan A-2 472,221 473,469 723,509 732,040 Less: unamortized loan fees 11,306 11,926 Total debt, net of unamortized loan fees $ 712,203 $ 720,114 Term Loan A-1 bears interest at one-month LIBOR plus a margin of 1.50% , while Term Loan A-2 bears interest at one-month LIBOR plus a margin of 1.75% . LIBOR resets monthly. Our cash payments for interest were $5.8 million and $7.2 million during the three months ended March 31, 2020 and 2019 , respectively. As shown below, as of March 31, 2020 , the Company was in compliance with the financial covenants in its credit agreements. Actual Covenant Requirement Total leverage ratio 2.41 3.25 or Lower Debt service coverage ratio 5.48 2.00 or Higher Minimum liquidity balance (in millions) $ 195.0 $25.0 or Higher

Derivatives and Hedging

Derivatives and Hedging	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging	Derivatives and Hedging The Company's interest rate swaps are pay-fixed ( 1.16% ), receive-variable (one month LIBOR) that hedged approximately 45.4% of outstanding debt with outstanding notional amounts totaling $328.7 and $339.8 million March 31, 2020 and December 31, 2019 , respectively. The fair value of these instruments was estimated using an income approach and observable market inputs. The hedge was determined to be highly effective and therefore all of the change in its fair value was recognized through Other comprehensive income. During the three months ended March 31, 2020 the fair market value decreased by $8.1 million due to a decline in the one month LIBOR. They were presented as follows: (in thousands) March 31, December 31, Balance sheet location of derivative financial instruments: Prepaid expenses and other $ — $ 1,382 Deferred charges and other assets, net — 1,252 Accrued liabilities and other 2,731 — Other liabilities 2,769 — Total derivatives designated as hedging instruments $ 5,500 $ 2,634 The table below summarizes changes in accumulated other comprehensive income (loss) by component: (in thousands) Gains (Losses) on Income Tax Accumulated Balance as of December 31, 2019 $ 2,634 $ (2,326 ) $ 308 Net change in unrealized gain (loss) (7,706 ) 1,921 (5,785 ) Amounts reclassified from accumulated other comprehensive income (loss) to interest expense (428 ) 107 (321 ) Net current period other comprehensive income (loss) (8,134 ) 2,028 (6,106 ) Balance as of March 31, 2020 $ (5,500 ) $ (298 ) $ (5,798 )

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 . The Company's returns are generally open to examination from 2016 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 March 31, 2020 was approximately 24.4% , as compared with approximately 23.2% for the three months ended March 31, 2019 . The Company had no significant cash payments or refunds for income taxes during the three months ended March 31, 2020 and 2019.

Stock Compensation

Stock Compensation	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock Compensation	During the three months ended March 31, 2020, the Company granted approximately 70 thousand restricted stock units (RSUs) to employees and approximately 14 thousand RSUs to members of the board of directors, at a market price of $48.47 per award. Under the terms of the award agreements, the RSUs granted to employees vest in fourths on the anniversary date of the grants through 2024. The RSUs granted to the members of the board of directors vest fully on the first anniversary of the grant date. Additionally, approximately 40 thousand Relative Total Shareholder Return (“RTSR”) awards were granted to employees at a value of $56.32 per award. Pursuant to the terms of the RTSR awards, the Company’s stock performance over a three-year period, ending December 31, 2022, will be compared to a group of peer companies, and the actual number of shares to be issued will be determined based upon the performance of the Company’s stock as compared with that of the peer group. The actual number of shares to be issued ranges from 0 shares (if the Company’s stock performance is in the bottom 25% of the peer group) to 150% of the awards granted (if the Company’s stock performance is in the top 25% of the peer group). The Company's stock based compensation award vesting is subject to requirements relating to continued employment with the Company through the service or performance periods, and to special vesting provisions in case of a change of control, death, disability or retirement. We utilize the treasury stock method to calculate the impact on diluted earnings per share that potentially dilutive stock-based compensation awards have. The following table indicates the computation of basic and diluted earnings per share: Three Months Ended (in thousands, except per share amounts) 2020 2019 Calculation of net income per share: Net income $ 13,280 $ 13,910 Basic weighted average shares outstanding 49,888 49,775 Basic net income per share $ 0.27 $ 0.28 Effect of stock-based compensation awards outstanding: Basic weighted average shares outstanding 49,888 49,775 Effect from dilutive shares and options outstanding 148 340 Diluted weighted average shares outstanding 50,036 50,115 Diluted net income per share $ 0.27 $ 0.28 There were fewer than 125 thousand anti-dilutive awards outstanding during the three months ended March 31, 2020 and 2019 .

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We are committed to make payments to satisfy our lease liabilities and long-term debt. The scheduled payments under those obligations are summarized in the respective notes above. We are also committed to make annual payments of approximately $108.0 thousand on our FCC spectrum license obligation through 2039. The Company is subject to claims and legal actions that may arise in the ordinary course of business. The Company does not believe that any of these pending claims or legal actions are either probable or reasonably possible of a material loss.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting Three Months Ended March 31, 2020 : (in thousands) Wireless Broadband Tower Corporate & Eliminations Consolidated External revenue Postpaid $ 74,928 $ — $ — $ — $ 74,928 Prepaid 13,109 — — — 13,109 Tower lease — — 1,797 — 1,797 Cable, residential and SMB (1) — 34,943 — — 34,943 Fiber, enterprise and wholesale — 5,488 — — 5,488 Rural local exchange carrier — 4,756 — — 4,756 Travel, installation, and other 3,351 1,816 — — 5,167 Service revenue and other 91,388 47,003 1,797 — 140,188 Equipment 12,750 250 — — 13,000 Total external revenue 104,138 47,253 1,797 — 153,188 Revenue from other segments — 2,533 1,933 (4,466 ) — Total revenue 104,138 49,786 3,730 (4,466 ) 153,188 Operating expenses Cost of services 33,439 19,243 939 (4,056 ) 49,565 Cost of goods sold 12,528 143 — — 12,671 Selling, general and administrative 9,428 9,499 526 11,538 30,991 Depreciation and amortization 25,299 10,871 470 271 36,911 Total operating expenses 80,694 39,756 1,935 7,753 130,138 Operating income (loss) $ 23,444 $ 10,030 $ 1,795 $ (12,219 ) $ 23,050 _______________________________________________________ (1) SMB refers to Small and Medium Businesses. Three Months Ended March 31, 2019 : (in thousands) Wireless Broadband Tower Corporate & Eliminations Consolidated External revenue Postpaid $ 76,182 $ — $ — $ — $ 76,182 Prepaid 13,130 — — — 13,130 Tower lease — — 1,763 — 1,763 Cable, residential and SMB — 32,426 — — 32,426 Fiber, enterprise and wholesale — 4,828 — — 4,828 Rural local exchange carrier — 5,238 — — 5,238 Travel, installation, and other 8,018 1,646 — — 9,664 Service revenue and other 97,330 44,138 1,763 — 143,231 Equipment 15,291 321 — — 15,612 Total external revenue 112,621 44,459 1,763 — 158,843 Revenue from other segments — 2,422 1,270 (3,692 ) — Total revenue 112,621 46,881 3,033 (3,692 ) 158,843 Operating expenses Cost of services 32,532 19,061 946 (3,021 ) 49,518 Cost of goods sold 14,427 211 — (1 ) 14,637 Selling, general and administrative 11,079 7,569 283 9,791 28,722 Depreciation and amortization 30,370 9,991 680 138 41,179 Total operating expenses 88,408 36,832 1,909 6,907 134,056 Operating income (loss) $ 24,213 $ 10,049 $ 1,124 $ (10,599 ) $ 24,787 A reconciliation of the total of the reportable segments’ operating income to consolidated income before taxes is as follows: Three Months Ended (in thousands) 2020 2019 Total consolidated operating income $ 23,050 $ 24,787 Interest expense (6,211 ) (7,954 ) Other 733 1,287 Income before income taxes $ 17,572 $ 18,120

Basis of Presentation and Oth_2

Basis of Presentation and Other Information (Policies)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Adoption of New Accounting Policies	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 2019 Annual Report on Form 10-K, that would be expected to impact the Company except for the following: The Company adopted ASU No. 2016-13, Financial Instruments - Credit Losses ("ASC 326"): Measurement of Credit Losses on Financial Instruments , as of January 1, 2020 using the modified retrospective transition method. ASC 326 requires the application of a current expected credit loss (“CECL”) impairment model to financial assets measured at amortized cost including trade accounts receivable, net investments in leases, and certain off-balance-sheet credit exposures. Under the CECL model, lifetime expected credit losses on such financial assets are measured and recognized at each reporting date based on historical, current, and forecasted information. Furthermore, the CECL model requires financial assets with similar risk characteristics to be analyzed on a collective basis. There was no significant impact to condensed consolidated financial statements upon adoption. The Company adopted ASU No. 2018-15, Intangibles - Goodwill and Other - Internal-Use Software ("ASC 350"): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract,

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Contract with Customer, Asset and Liability	Below is a summary of the Wireless segment's contract asset: Three Months Ended (in thousands) 2020 2019 Beginning Balance $ 84,663 $ 65,674 Contract payments 18,245 18,151 Contract amortization against revenue (16,710 ) (13,454 ) Ending Balance $ 86,198 $ 70,371
Amortized and Capitalized Contract Cost	Below is a summary of the Broadband segment's capitalized contract acquisition costs: Three Months Ended (in thousands) 2020 2019 Beginning Balance $ 11,005 $ 10,091 Contract payments 1,685 1,699 Contract amortization (1,027 ) (1,381 ) Ending Balance $ 11,663 $ 10,409

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2020
Investments [Abstract]
Other Investments	Investments consist of the following: (in thousands) March 31, 2020 December 31, 2019 SERP Investments at fair value $ 1,706 $ 2,278 Cost method investments 9,739 9,497 Equity method investments 566 613 Total investments $ 12,011 $ 12,388

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment consisted of the following: ($ in thousands) Estimated Useful Lives March 31, December 31, Land $ 7,143 $ 6,976 Buildings and structures 10 - 40 years 238,728 232,730 Cable and fiber 15 - 40 years 348,658 334,260 Equipment and software 3 - 20 years 870,089 867,898 Plant in service 1,464,618 1,441,864 Plant under construction 59,097 56,827 Total property, plant and equipment 1,523,715 1,498,691 Less: accumulated amortization and depreciation 827,795 797,177 Property, plant and equipment, net $ 695,920 $ 701,514

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Resulting from Acquisition	ntangible assets consisted of the following: March 31, 2020 December 31, 2019 (in thousands) Gross Accumulated Amortization and Other Net Gross Accumulated Amortization and Other Net Indefinite-lived intangibles: Cable franchise rights $ 64,334 $ — $ 64,334 $ 64,334 $ — $ 64,334 FCC spectrum licenses 13,839 — 13,839 13,839 — 13,839 Railroad crossing rights 141 — 141 141 — 141 Total indefinite-lived intangibles 78,314 — 78,314 78,314 — 78,314 Finite-lived intangibles: Sprint affiliate contract expansion - Wireless 455,305 (241,231 ) 214,074 455,305 (226,712 ) 228,593 FCC spectrum licenses 4,659 (160 ) 4,499 4,659 (97 ) 4,562 Acquired subscribers - Cable 28,065 (25,700 ) 2,365 28,065 (25,600 ) 2,465 Other intangibles 463 (257 ) 206 463 (250 ) 213 Total finite-lived intangibles 488,492 (267,348 ) 221,144 488,492 (252,659 ) 235,833 Total intangible assets $ 566,806 $ (267,348 ) $ 299,458 $ 566,806 $ (252,659 ) $ 314,147
Schedule of Finite-Lived Intangible Assets	Other intangible assets consisted of the following: March 31, 2020 December 31, 2019 (in thousands) Gross Accumulated Amortization and Other Net Gross Accumulated Amortization and Other Net Indefinite-lived intangibles: Cable franchise rights $ 64,334 $ — $ 64,334 $ 64,334 $ — $ 64,334 FCC spectrum licenses 13,839 — 13,839 13,839 — 13,839 Railroad crossing rights 141 — 141 141 — 141 Total indefinite-lived intangibles 78,314 — 78,314 78,314 — 78,314 Finite-lived intangibles: Sprint affiliate contract expansion - Wireless 455,305 (241,231 ) 214,074 455,305 (226,712 ) 228,593 FCC spectrum licenses 4,659 (160 ) 4,499 4,659 (97 ) 4,562 Acquired subscribers - Cable 28,065 (25,700 ) 2,365 28,065 (25,600 ) 2,465 Other intangibles 463 (257 ) 206 463 (250 ) 213 Total finite-lived intangibles 488,492 (267,348 ) 221,144 488,492 (252,659 ) 235,833 Total intangible assets $ 566,806 $ (267,348 ) $ 299,458 $ 566,806 $ (252,659 ) $ 314,147

Other Assets and Accrued Liab_2

Other Assets and Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2020
Other Liabilities Disclosure [Abstract]
Schedule of Other Current Assets	Prepaid expenses and other, classified as current assets, included the following: (in thousands) March 31, December 31, Wireless contract asset $ 46,552 $ 44,844 Broadband contract acquisition and fulfillment costs 4,029 4,898 Prepaid maintenance expenses 3,252 3,329 Interest rate swaps — 1,382 Other 7,090 6,074 Prepaid expenses and other $ 60,923 $ 60,527
Schedule of Other Assets, Noncurrent	Deferred charges and other assets, classified as long-term assets, included the following: (in thousands) March 31, December 31, 2019 Wireless contract asset $ 39,646 $ 39,819 Broadband contract acquisition and fulfillment costs 7,634 6,107 Interest rate swaps — 1,252 Prepaid expenses and other 6,156 6,174 Deferred charges and other assets $ 53,436 $ 53,352
Summary of Accrued Liabilities and Other	Accrued liabilities and other, classified as current liabilities, included the following: (in thousands) March 31, 2020 December 31, 2019 Sales and property taxes payable $ 5,259 $ 3,789 Accrued programming costs 3,053 3,023 Interest rate swaps 2,731 — Asset retirement obligations 137 148 Financing leases 97 94 FCC spectrum license obligations 28 105 Other current liabilities 7,878 7,232 Accrued liabilities and other $ 19,183 $ 14,391
Other Noncurrent Liabilities	Other liabilities, classified as long-term liabilities, included the following: (in thousands) March 31, December 31, 2019 Noncurrent portion of deferred lease revenue $ 12,291 $ 12,449 FCC spectrum license obligations 1,703 1,699 Noncurrent portion of financing leases 1,543 1,591 Interest rate swaps 2,769 — Other 847 1,251 Other liabilities $ 19,153 $ 16,990 Market expectations of the projected London Interbank Offering Rate (LIBOR) decreased significantly during the first quarter of 2020 , which drove the fair value of our interest rate swaps to a liability. Refer to Note 9 , Derivatives and Hedging for more information.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Expected Maturity of Lease Liabilities, Operating	The following table summarizes the expected maturity of lease liabilities at March 31, 2020 : (in thousands) Operating Leases Finance Leases Total 2020 $ 45,222 $ 108 $ 45,330 2021 66,042 174 66,216 2022 64,256 174 64,430 2023 60,770 174 60,944 2024 56,105 174 56,279 2025 and thereafter 191,726 1,532 193,258 Total lease payments 484,121 2,336 486,457 Less: Interest 96,194 696 96,890 Present value of lease liabilities $ 387,927 $ 1,640 $ 389,567
Expected Maturity of Lease Liabilities, Financing	The following table summarizes the expected maturity of lease liabilities at March 31, 2020 : (in thousands) Operating Leases Finance Leases Total 2020 $ 45,222 $ 108 $ 45,330 2021 66,042 174 66,216 2022 64,256 174 64,430 2023 60,770 174 60,944 2024 56,105 174 56,279 2025 and thereafter 191,726 1,532 193,258 Total lease payments 484,121 2,336 486,457 Less: Interest 96,194 696 96,890 Present value of lease liabilities $ 387,927 $ 1,640 $ 389,567
Minimum Rental Receipts Under Lease Agreement Lessor, Operating Leases	Below is a summary of our minimum rental receipts under the lease agreements in place at March 31, 2020 : (in thousands) Operating Leases 2020 $ 5,527 2021 5,775 2022 4,742 2023 3,112 2024 1,915 2025 and thereafter 4,192 Total $ 25,263

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Long-term Debt	Our syndicated Credit Agreement includes a $75 million , five -year undrawn revolving credit facility, as well as the following outstanding term loans: (in thousands) March 31, December 31, Term loan A-1 $ 251,288 $ 258,571 Term loan A-2 472,221 473,469 723,509 732,040 Less: unamortized loan fees 11,306 11,926 Total debt, net of unamortized loan fees $ 712,203 $ 720,114
Financial Covenants in Credit Agreements	As shown below, as of March 31, 2020 , the Company was in compliance with the financial covenants in its credit agreements. Actual Covenant Requirement Total leverage ratio 2.41 3.25 or Lower Debt service coverage ratio 5.48 2.00 or Higher Minimum liquidity balance (in millions) $ 195.0 $25.0 or Higher

Derivative and Hedging (Tables)

Derivative and Hedging (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	They were presented as follows: (in thousands) March 31, December 31, Balance sheet location of derivative financial instruments: Prepaid expenses and other $ — $ 1,382 Deferred charges and other assets, net — 1,252 Accrued liabilities and other 2,731 — Other liabilities 2,769 — Total derivatives designated as hedging instruments $ 5,500 $ 2,634
Schedule of Accumulated Other Comprehensive Income (Loss)	The table below summarizes changes in accumulated other comprehensive income (loss) by component: (in thousands) Gains (Losses) on Income Tax Accumulated Balance as of December 31, 2019 $ 2,634 $ (2,326 ) $ 308 Net change in unrealized gain (loss) (7,706 ) 1,921 (5,785 ) Amounts reclassified from accumulated other comprehensive income (loss) to interest expense (428 ) 107 (321 ) Net current period other comprehensive income (loss) (8,134 ) 2,028 (6,106 ) Balance as of March 31, 2020 $ (5,500 ) $ (298 ) $ (5,798 )

Earnings Per Share ("EPS") (Tab

Earnings Per Share ("EPS") (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table indicates the computation of basic and diluted earnings per share: Three Months Ended (in thousands, except per share amounts) 2020 2019 Calculation of net income per share: Net income $ 13,280 $ 13,910 Basic weighted average shares outstanding 49,888 49,775 Basic net income per share $ 0.27 $ 0.28 Effect of stock-based compensation awards outstanding: Basic weighted average shares outstanding 49,888 49,775 Effect from dilutive shares and options outstanding 148 340 Diluted weighted average shares outstanding 50,036 50,115 Diluted net income per share $ 0.27 $ 0.28

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Selected Financial Data for Segments	Three Months Ended March 31, 2020 : (in thousands) Wireless Broadband Tower Corporate & Eliminations Consolidated External revenue Postpaid $ 74,928 $ — $ — $ — $ 74,928 Prepaid 13,109 — — — 13,109 Tower lease — — 1,797 — 1,797 Cable, residential and SMB (1) — 34,943 — — 34,943 Fiber, enterprise and wholesale — 5,488 — — 5,488 Rural local exchange carrier — 4,756 — — 4,756 Travel, installation, and other 3,351 1,816 — — 5,167 Service revenue and other 91,388 47,003 1,797 — 140,188 Equipment 12,750 250 — — 13,000 Total external revenue 104,138 47,253 1,797 — 153,188 Revenue from other segments — 2,533 1,933 (4,466 ) — Total revenue 104,138 49,786 3,730 (4,466 ) 153,188 Operating expenses Cost of services 33,439 19,243 939 (4,056 ) 49,565 Cost of goods sold 12,528 143 — — 12,671 Selling, general and administrative 9,428 9,499 526 11,538 30,991 Depreciation and amortization 25,299 10,871 470 271 36,911 Total operating expenses 80,694 39,756 1,935 7,753 130,138 Operating income (loss) $ 23,444 $ 10,030 $ 1,795 $ (12,219 ) $ 23,050 _______________________________________________________ (1) SMB refers to Small and Medium Businesses. Three Months Ended March 31, 2019 : (in thousands) Wireless Broadband Tower Corporate & Eliminations Consolidated External revenue Postpaid $ 76,182 $ — $ — $ — $ 76,182 Prepaid 13,130 — — — 13,130 Tower lease — — 1,763 — 1,763 Cable, residential and SMB — 32,426 — — 32,426 Fiber, enterprise and wholesale — 4,828 — — 4,828 Rural local exchange carrier — 5,238 — — 5,238 Travel, installation, and other 8,018 1,646 — — 9,664 Service revenue and other 97,330 44,138 1,763 — 143,231 Equipment 15,291 321 — — 15,612 Total external revenue 112,621 44,459 1,763 — 158,843 Revenue from other segments — 2,422 1,270 (3,692 ) — Total revenue 112,621 46,881 3,033 (3,692 ) 158,843 Operating expenses Cost of services 32,532 19,061 946 (3,021 ) 49,518 Cost of goods sold 14,427 211 — (1 ) 14,637 Selling, general and administrative 11,079 7,569 283 9,791 28,722 Depreciation and amortization 30,370 9,991 680 138 41,179 Total operating expenses 88,408 36,832 1,909 6,907 134,056 Operating income (loss) $ 24,213 $ 10,049 $ 1,124 $ (10,599 ) $ 24,787
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	A reconciliation of the total of the reportable segments’ operating income to consolidated income before taxes is as follows: Three Months Ended (in thousands) 2020 2019 Total consolidated operating income $ 23,050 $ 24,787 Interest expense (6,211 ) (7,954 ) Other 733 1,287 Income before income taxes $ 17,572 $ 18,120

Basis of Presentation and Oth_3

Basis of Presentation and Other Information - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 01, 2020	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2019	Mar. 11, 2020
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Prepaid expenses and other		$ 60,923	$ 60,527		$ 60,527
Retained earnings		443,290	430,010		430,010
Property, plant and equipment, net		695,920	701,514		701,514
Deferred income taxes		137,674	137,567		137,567
Depreciation expense		36,911		$ 41,179
Income tax expense		4,292		4,210
Net income		$ 13,280		$ 13,910
Subsequent Event | Affiliated Entity
Subsequent Event [Line Items]
Negotiation period	90 days
Option to purchase assets, period	60 days
Purchase option, value of business percentage	90.00%
Option to purchase network, period	60 days
COVID-19
Subsequent Event [Line Items]
Percentage of stores temporarily closed						40.00%
Correction of Error | Prior Period Errors
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Prepaid expenses and other			2,700		2,700
Deferred tax liabilities, net			700		700
Retained earnings			2,000		2,000
Property, plant and equipment, net			1,400		1,400
Deferred income taxes			400		400
Depreciation expense			(1,400)		(1,400)
Income tax expense			400		400
Net income			$ 1,000		$ 1,000
Increase (decrease) in earnings per share, basic (in dollars per share)			$ 0.02		$ 0.02
Increase (decrease) in earnings per share, diluted (in dollars per share)			$ 0.02		$ 0.02

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Remaining performance obligations	$ 3.2
Revenue remaining performance obligation, per year	0.8
Sprint
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Contract with Customer, Refund Liability	7	$ 7
Monthly revenue from contract with customer	$ 1.5

Revenue from Contracts with C_4

Revenue from Contracts with Customers Revenue from Contract with Customers - Contract Asset Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Contract Asset Balance [Roll Forward]
Beginning Balance	$ 84,663	$ 65,674
Contract payments	18,245	18,151
Contract amortization	(16,710)	(13,454)
Ending Balance	$ 86,198	$ 70,371

Revenue from Contracts with C_5

Revenue from Contracts with Customers Revenue from Contracts with Customers - Amortized and Capitalized Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Capitalized Contract Cost [Roll Forward]
Beginning Balance	$ 11,005	$ 10,091
Contract payments	1,685	1,699
Contract amortization	(1,027)	(1,381)
Ending Balance	$ 11,663	$ 10,409

Investments - Other Investments

Investments - Other Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Investments [Abstract]
SERP Investments at fair value	$ 1,706	$ 2,278
Cost method investments	9,739	9,497
Equity method investments	566	613
Total investments	$ 12,011	$ 12,388

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
SERP Investments at fair value	$ 1,706		$ 2,278
Valley Network Partnership
Schedule of Equity Method Investments [Line Items]
Ownership interest, percentage	20.00%
CoBank
Schedule of Equity Method Investments [Line Items]
SERP Investments at fair value	$ 9,000		$ 8,700
Other nonoperating income (expense)	1,000	$ 900
Percentage of patronage credit paid in cash		75.00%
Percentage of patronage credit paid in share		25.00%
Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Revenue from related parties	200
Related party costs	$ 800	$ 700

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Property, plant and equipment [Abstract]
Total property, plant and equipment	$ 1,523,715	$ 1,498,691
Less: accumulated amortization and depreciation	827,795	797,177
Property, plant and equipment, net	695,920	701,514
Land
Property, plant and equipment [Abstract]
Total property, plant and equipment	7,143	6,976
Buildings and structures
Property, plant and equipment [Abstract]
Total property, plant and equipment	$ 238,728	232,730
Buildings and structures | Minimum
Property, plant and equipment [Abstract]
Estimated useful lives	10 years
Buildings and structures | Maximum
Property, plant and equipment [Abstract]
Estimated useful lives	40 years
Cable and fiber
Property, plant and equipment [Abstract]
Total property, plant and equipment	$ 348,658	334,260
Cable and fiber | Minimum
Property, plant and equipment [Abstract]
Estimated useful lives	15 years
Cable and fiber | Maximum
Property, plant and equipment [Abstract]
Estimated useful lives	40 years
Equipment and software
Property, plant and equipment [Abstract]
Total property, plant and equipment	$ 870,089	867,898
Equipment and software | Minimum
Property, plant and equipment [Abstract]
Estimated useful lives	3 years
Equipment and software | Maximum
Property, plant and equipment [Abstract]
Estimated useful lives	20 years
Plant in service
Property, plant and equipment [Abstract]
Total property, plant and equipment	$ 1,464,618	1,441,864
Plant under construction
Property, plant and equipment [Abstract]
Total property, plant and equipment	$ 59,097	$ 56,827

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	Feb. 28, 2019	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill		$ 149,070		$ 149,070
Waived management fees under affiliate agreement amount expected to collect monthly				4,200
Waived management fees, included in affiliate contract expanse accumulated amortization		9,800	$ 9,600
Cumulative waived management fees				147,000
Amortization of intangible assets		$ 4,900	$ 5,700
Maximum
Business Acquisition [Line Items]
Waived management fees, included in affiliate contract expanse accumulated amortization				$ 255,600
Big sandy acquisition
Business Acquisition [Line Items]
Aggregate purchase price	$ 10,000
Property, plant and equipment acquired	4,600
Goodwill	2,600
Customer relationships | Big sandy acquisition
Business Acquisition [Line Items]
Subscriber relationship acquired	$ 2,800

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Total indefinite-lived intangibles	$ 78,314	$ 78,314
Gross Carrying Amount	488,492	488,492
Accumulated Amortization and Other	(267,348)	(252,659)
Net	221,144	235,833
Total intangible assets, gross carrying amount	566,806	566,806
Intangible assets, net	299,458	314,147
Affiliate contract expansion
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	455,305	455,305
Accumulated Amortization and Other	(241,231)	(226,712)
Net	214,074	228,593
FCC Spectrum Licenses
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,659	4,659
Accumulated Amortization and Other	(160)	(97)
Net	4,499	4,562
Acquired subscribers - Cable
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	28,065	28,065
Accumulated Amortization and Other	(25,700)	(25,600)
Net	2,365	2,465
Other intangibles
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	463	463
Accumulated Amortization and Other	(257)	(250)
Net	206	213
Cable franchise rights
Finite-Lived Intangible Assets [Line Items]
Total indefinite-lived intangibles	64,334	64,334
FCC Spectrum Licenses
Finite-Lived Intangible Assets [Line Items]
Total indefinite-lived intangibles	13,839	13,839
Railroad crossing rights
Finite-Lived Intangible Assets [Line Items]
Total indefinite-lived intangibles	$ 141	$ 141

Other Assets and Accrued Liab_3

Other Assets and Accrued Liabilities - Current Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Wireless contract asset	$ 46,552	$ 44,844
Broadband contract acquisition and fulfillment costs	4,029	4,898
Prepaid maintenance expenses	3,252	3,329
Interest rate swaps	0	1,382
Other	7,090	6,074
Prepaid expenses and other	$ 60,923	$ 60,527

Other Assets and Accrued Liab_4

Other Assets and Accrued Liabilities - Long-Term Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Wireless contract asset	$ 39,646	$ 39,819
Broadband contract acquisition and fulfillment costs	7,634	6,107
Interest rate swaps	0	1,252
Prepaid expenses and other	6,156	6,174
Deferred charges and other assets	$ 53,436	$ 53,352

Other Assets and Accrued Liab_5

Other Assets and Accrued Liabilities - Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Sales and property taxes payable	$ 5,259	$ 3,789
Asset retirement obligations	137	148
Accrued programming costs	3,053	3,023
Financing leases	97	94
FCC spectrum license obligations	28	105
Interest rate swaps	2,731	0
Other current liabilities	7,878	7,232
Accrued liabilities and other	$ 19,183	$ 14,391

Other Assets and Accrued Liab_6

Other Assets and Accrued Liabilities - Long Term Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Noncurrent portion of deferred lease revenue	$ 12,291	$ 12,449
FCC spectrum license obligations	1,703	1,699
Noncurrent portion of financing leases	1,543	1,591
Interest rate swaps	2,769	0
Other	847	1,251
Other liabilities	$ 19,153	$ 16,990

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Operating lease, weighted average remaining lease term	9 years
Operating lease, weighted average discount rate, percent	4.30%
Finance lease, weighted average remaining lease term	15 years
Finance lease, weighted average discount rate, percent	5.10%
Operating lease, cost	$ 17.8	$ 16.9
Finance lease, cost	0.1
Operating lease, payments	15.5	14.7
Right-of-use asset obtained in exchange for operating lease liability	3.3	4.6
Sublease income	$ 2.1	$ 2

Leases - Maturity of Lease Liab

Leases - Maturity of Lease Liability - Lessee (Details) $ in Thousands	Mar. 31, 2020USD ($)
Operating Leases
2020	$ 45,222
2021	66,042
2022	64,256
2023	60,770
2024	56,105
2025 and thereafter	191,726
Total lease payments	484,121
Less: Interest	96,194
Present value of lease liabilities	387,927
Finance Leases
2020	108
2021	174
2022	174
2023	174
2024	174
2025 and thereafter	1,532
Total lease payments	2,336
Less: Interest	696
Present value of lease liabilities	1,640
Total
2020	45,330
2021	66,216
2022	64,430
2023	60,944
2024	56,279
2025 and thereafter	193,258
Total lease payments	486,457
Less: Interest	96,890
Present value of lease liabilities	$ 389,567

Leases - Maturity of Lease Li_2

Leases - Maturity of Lease Liability - Lessor (Details) $ in Thousands	Mar. 31, 2020USD ($)
Leases [Abstract]
2020	$ 5,527
2021	5,775
2022	4,742
2023	3,112
2024	1,915
2025 and thereafter	4,192
Total	$ 25,263

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) - USD ($)	Dec. 18, 2015	Mar. 31, 2020	Mar. 31, 2019
Debt Instrument [Line Items]
Cash payments for interest		$ 5,800,000	$ 7,200,000
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 75,000,000
Term of credit facility	5 years
Term loan A-1 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate		1.50%
Term loan A-2 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate		1.75%

- Credit Agreement (Details)

- Credit Agreement (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2018
Debt Instrument [Line Items]
Total	$ 723,509	$ 732,040
Less: unamortized loan fees	11,306	11,926
Total debt, net of unamortized loan fees	712,203	720,114
Term loan A-1
Debt Instrument [Line Items]
Total	251,288	258,571
Term loan A-2
Debt Instrument [Line Items]
Total	$ 472,221	$ 473,469

Long-Term Debt - Financial Cove

Long-Term Debt - Financial Covenants in Credit Agreements (Details)	3 Months Ended
	Mar. 31, 2020USD ($)
Debt Disclosure [Abstract]
Total leverage ratio, actual	2.41
Debt service coverage ratio, actual	5.48
Minimum liquidity balance, actual	$ 195,000,000
Total Leverage Ratio	3.25
Debt Service Coverage Ratio	2
Minimum liquidity balance	$ 25,000,000

Derivatives and Hedging - Narra

Derivatives and Hedging - Narrative (Details) - Not Designated as Hedging Instrument - Cash Flow Hedging - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	May 31, 2016
Derivative [Line Items]
Notional amount of interest rate swaps	$ 328.7	$ 339.8
Increase (decrease) in fair value	$ (8.1)
Interest Rate Swap, May 2016
Derivative [Line Items]
Interest rate			1.16%
Percentage hedged	45.40%

Derivatives and Hedging - Sched

Derivatives and Hedging - Schedule of Derivative Instruments (Fair Value) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Derivative Asset	$ 0	$ 1,252
Interest rate swaps | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative Asset	5,500	2,634
Interest rate swaps | Designated as Hedging Instrument | Prepaid expenses and other
Derivatives, Fair Value [Line Items]
Derivative Asset	0	1,382
Interest rate swaps | Designated as Hedging Instrument | Deferred charges and other assets, net
Derivatives, Fair Value [Line Items]
Derivative Asset	0	1,252
Interest rate swaps | Designated as Hedging Instrument | Accrued liabilities and other
Derivatives, Fair Value [Line Items]
Derivative Asset	2,731	0
Interest rate swaps | Designated as Hedging Instrument | Other liabilities
Derivatives, Fair Value [Line Items]
Derivative Asset	$ 2,769	$ 0

Derivatives and Hedging - Sch_2

Derivatives and Hedging - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Tax (Expense) Benefit
Balance as of December 31, 2019	$ (2,326)
Net change in unrealized gain (loss)	1,921
Amounts reclassified from accumulated other comprehensive income (loss) to interest expense	107
Net current period other comprehensive income (loss)	2,028
Balance as of March 31, 2020	(298)
Accumulated Other Comprehensive Income (Loss), net of taxes
Balance as of December 31, 2019	308
Net change in unrealized gain (loss)	(5,785)
Amounts reclassified from accumulated other comprehensive income (loss) to interest expense	(321)
Net current period other comprehensive income (loss)	(6,106)	$ (2,728)
Balance as of March 31, 2020	(5,798)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Gains (Losses) on Cash Flow Hedges
Balance as of December 31, 2019	2,634
Net change in unrealized gain (loss)	(7,706)
Amounts reclassified from accumulated other comprehensive income (loss) to interest expense	(428)
Net current period other comprehensive income (loss)	(8,134)
Balance as of March 31, 2020	$ (5,500)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Effective tax rate	24.40%	23.20%
Income taxes paid, net		$ 0

Stock Compensation - Narrative

Stock Compensation - Narrative (Details) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Anti-dilutive awards outstanding (fewer than) (in shares)	125,000	125,000
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	70,000
Relative Total Shareholder Return Awards (RTSRs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share performance period	3 years
Bottom portion of peer percent group (as a percent)	25.00%
Top portion of peer percent group (as a percent)	25.00%
Relative Total Shareholder Return Awards (RTSRs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, issued (in shares)	0
Relative Total Shareholder Return Awards (RTSRs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued (as a percent)	150.00%
Director | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	14,000
Restricted stock units granted (in dollars per share)	$ 48.47
Employee | Relative Total Shareholder Return Awards (RTSRs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	40,000
Restricted stock units granted (in dollars per share)	$ 56.32

Stock Compensation - Basic and

Stock Compensation - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Payment Arrangement [Abstract]
Net income	$ 13,280	$ 13,910
Basic weighted average shares outstanding (in shares)	49,888	49,775
Basic net income per share (in dollars per share)	$ 0.27	$ 0.28
Effect from dilutive shares and options outstanding (in shares)	148	340
Diluted weighted average shares outstanding (in shares)	50,036	50,115
Diluted net income per share (in dollars per share)	$ 0.27	$ 0.28

Commitments and Contingencies N

Commitments and Contingencies Narrative (Details)	Mar. 31, 2020USD ($)
FCC Spectrum Licenses
Other Commitments [Line Items]
Other commitment, annual payments	$ 108,000

Segment Reporting - Selected Fi

Segment Reporting - Selected Financial Data for Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
External revenue
Total revenue	$ 153,188	$ 158,843
Operating expenses
Selling, general and administrative	30,991	28,722
Depreciation and amortization	36,911	41,179
Total operating expenses	130,138	134,056
Operating income	23,050	24,787
Wireless
External revenue
Total revenue	104,138	112,621
Broadband
External revenue
Total revenue	47,253	44,459
Tower
External revenue
Total revenue	1,797	1,763
Operating Segments | Wireless
External revenue
Total revenue	104,138	112,621
Operating expenses
Selling, general and administrative	9,428	11,079
Depreciation and amortization	25,299	30,370
Total operating expenses	80,694	88,408
Operating income	23,444	24,213
Operating Segments | Broadband
External revenue
Total revenue	49,786	46,881
Operating expenses
Selling, general and administrative	9,499	7,569
Depreciation and amortization	10,871	9,991
Total operating expenses	39,756	36,832
Operating income	10,030	10,049
Operating Segments | Tower
External revenue
Total revenue	3,730	3,033
Operating expenses
Selling, general and administrative	526	283
Depreciation and amortization	470	680
Total operating expenses	1,935	1,909
Operating income	1,795	1,124
Intersegment Eliminations
External revenue
Total revenue	(4,466)	(3,692)
Intersegment Eliminations | Wireless
External revenue
Total revenue	0	0
Intersegment Eliminations | Broadband
External revenue
Total revenue	2,533	2,422
Intersegment Eliminations | Tower
External revenue
Total revenue	1,933	1,270
Corporate, Non-Segment
Operating expenses
Selling, general and administrative	11,538	9,791
Depreciation and amortization	271	138
Total operating expenses	7,753	6,907
Operating income	(12,219)	(10,599)
Postpaid
External revenue
Total revenue	74,928	76,182
Postpaid | Operating Segments | Wireless
External revenue
Total revenue	74,928	76,182
Postpaid | Operating Segments | Broadband
External revenue
Total revenue	0	0
Postpaid | Operating Segments | Tower
External revenue
Total revenue	0	0
Prepaid
External revenue
Total revenue	13,109	13,130
Prepaid | Operating Segments | Wireless
External revenue
Total revenue	13,109	13,130
Prepaid | Operating Segments | Broadband
External revenue
Total revenue	0	0
Prepaid | Operating Segments | Tower
External revenue
Total revenue	0	0
Tower lease
External revenue
Total revenue	1,797	1,763
Tower lease | Operating Segments | Wireless
External revenue
Total revenue	0	0
Tower lease | Operating Segments | Broadband
External revenue
Total revenue	0	0
Tower lease | Operating Segments | Tower
External revenue
Total revenue	1,797	1,763
Cable, residential and SMB (1)
External revenue
Total revenue	34,943	32,426
Cable, residential and SMB (1) | Operating Segments | Wireless
External revenue
Total revenue	0	0
Cable, residential and SMB (1) | Operating Segments | Broadband
External revenue
Total revenue	34,943	32,426
Cable, residential and SMB (1) | Operating Segments | Tower
External revenue
Total revenue	0	0
Fiber, enterprise and wholesale
External revenue
Total revenue	5,488	4,828
Fiber, enterprise and wholesale | Operating Segments | Wireless
External revenue
Total revenue	0	0
Fiber, enterprise and wholesale | Operating Segments | Broadband
External revenue
Total revenue	5,488	4,828
Fiber, enterprise and wholesale | Operating Segments | Tower
External revenue
Total revenue	0	0
Rural local exchange carrier
External revenue
Total revenue	4,756	5,238
Rural local exchange carrier | Operating Segments | Wireless
External revenue
Total revenue	0	0
Rural local exchange carrier | Operating Segments | Broadband
External revenue
Total revenue	4,756	5,238
Rural local exchange carrier | Operating Segments | Tower
External revenue
Total revenue	0	0
Travel, installation, and other
External revenue
Total revenue	5,167	9,664
Travel, installation, and other | Operating Segments | Wireless
External revenue
Total revenue	3,351	8,018
Travel, installation, and other | Operating Segments | Broadband
External revenue
Total revenue	1,816	1,646
Travel, installation, and other | Operating Segments | Tower
External revenue
Total revenue	0	0
Service revenue and other
External revenue
Total revenue	140,188	143,231
Service revenue and other | Operating Segments | Wireless
External revenue
Total revenue	91,388	97,330
Service revenue and other | Operating Segments | Broadband
External revenue
Total revenue	47,003	44,138
Service revenue and other | Operating Segments | Tower
External revenue
Total revenue	1,797	1,763
Equipment
External revenue
Total revenue	13,000	15,612
Equipment | Operating Segments | Wireless
External revenue
Total revenue	12,750	15,291
Equipment | Operating Segments | Broadband
External revenue
Total revenue	250	321
Equipment | Operating Segments | Tower
External revenue
Total revenue	0	0
Services
Operating expenses
Cost of services and cost of goods sold	49,565	49,518
Services | Operating Segments | Wireless
Operating expenses
Cost of services and cost of goods sold	33,439	32,532
Services | Operating Segments | Broadband
Operating expenses
Cost of services and cost of goods sold	19,243	19,061
Services | Operating Segments | Tower
Operating expenses
Cost of services and cost of goods sold	939	946
Services | Corporate, Non-Segment
Operating expenses
Cost of services and cost of goods sold	(4,056)	(3,021)
Products
Operating expenses
Cost of services and cost of goods sold	12,671	14,637
Products | Operating Segments | Wireless
Operating expenses
Cost of services and cost of goods sold	12,528	14,427
Products | Operating Segments | Broadband
Operating expenses
Cost of services and cost of goods sold	143	211
Products | Operating Segments | Tower
Operating expenses
Cost of services and cost of goods sold	0	0
Products | Corporate, Non-Segment
Operating expenses
Cost of services and cost of goods sold	$ 0	$ (1)

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Operating Profit (Loss) from Segments to Consolidated (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Reconciliation of income from continuing operations from segments to consolidated [Abstract]
Total consolidated operating income	$ 23,050	$ 24,787
Interest expense	(6,211)	(7,954)
Other	733	1,287
Income before income taxes	$ 17,572	$ 18,120